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The Financial Express

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Stock market trading four hours from Thursday

Stock market trading four hours from Thursday

FE Online Report 2021-07-06 19:37:58

Trading time on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) has been extended by an hour effective from tomorrow (Thursday). Trading at the bourses will remain open for four ho...

Stocks slip into red snapping four-day winning streak

Stocks slip into red snapping four-day winning streak

FE ONLINE REPORT 2021-07-06 16:37:40

Stocks slipped into the red on Tuesday, snapping a four-day winning streak, as cautious investors opted for booking profit on quick-gaining issues amid virus worries. The key index of the Dhaka Stock...

Bangladesh sets $51 billion export target for FY 2021-22

Bangladesh sets $51 billion export target for FY 2021-22

FE ONLINE REPORT 2021-07-06 12:21:52

The government has announced an export earnings target of US$ 51 billion projecting a 12.37 per cent year-on-year growth for the fiscal year of 2021-22. Of the target, US$ 43.50 billion will come fro...

CSE urges investors to trade through internet, apps

CSE urges investors to trade through internet, apps

FE ONLINE REPORT 2021-07-06 11:19:02

The Chittagong Stock Exchange (CSE) has encouraged investors to trade through its internet trading service and mobile application ‘CHITRA’ during the countrywide lockdown. “Trader...

Stocks open lower amid lockdown concerns

Stocks open lower amid lockdown concerns

FE ONLINE REPORT 2021-07-06 11:06:45

Stocks opened marginally lower on Tuesday as investors started to book some profits on sector-wise issues after the recent price surge. Following the previous day’s sharp gain, DSEX, the prim...

Baraka Patenga Power investors get minimum 54 IPO shares

Baraka Patenga Power investors get minimum 54 IPO shares

FE REPORT 2021-07-06 10:07:48

A general investor will get minimum 54 initial public offering (IPO) shares of Baraka Patenga Power against application of Tk 10,000. The Dhaka Stock Exchange (DSE) on Monday formally allocated the I...

Trade deficit to cross $20 billion in FY21

Trade deficit to cross $20 billion in FY21

FE Online Report 2021-07-06 08:24:32

The country’s merchandise trade deficit with the rest of the world is set to cross $20 billion in the immediate past fiscal year (FY21) as the deficit already stood at $19.84 billion in the July...

'Hard' lockdown hits hard the Bangladesh poor

'Hard' lockdown hits hard the Bangladesh poor

Jubair Hasan and Talha Bin Habib 2021-07-06 08:13:17

The ongoing hard lockdown, which is seen essential to contain both Covid fatalities and infections, has again hit the poor and low-income people hard. In fact, the restrictions on movement of people...

Remittance inflow witnesses over 36pc growth in FY’21

Remittance inflow witnesses over 36pc growth in FY’21

FE Online Report 2021-07-05 17:45:12

The inflow of remittance grew by over 36 per cent to a record $24.78 billion in the just-concluded fiscal year (FY) despite the ongoing Covid-19 pandemic, officials said. The figure jumped from $18.2...

DSEX exceeds 6,200-mark again

DSEX exceeds 6,200-mark again

FE ONLINE REPORT 2021-07-05 15:51:01

The prime index of the Dhaka Stock (DSEX) surpassed the 6,200-mark on Monday as buying support added strength to the equity indices despite worries over the virus-induced shock to the country’s...

Stocks open with a big jump amid lockdown

Stocks open with a big jump amid lockdown

FE ONLINE REPORT 2021-07-05 10:48:54

The market witnessed a sharp rise at opening on Monday as stocks trading resumed after a four-day break amid countrywide strict lockdown. This is the first session in the new fiscal year and tradin...

National Bank declares 5.0pc stock dividend for 2020

National Bank declares 5.0pc stock dividend for 2020

FE ONLINE REPORT 2021-07-05 10:11:06

The board of directors of National Bank Ltd has recommended a 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual gener...

Fund raising through IPOs hits a decade high

Fund raising through IPOs hits a decade high

BABUL BARMAN 2021-07-05 09:24:20

Private companies have offloaded primary shares worth Tk 16.12 billion in the just concluded fiscal year, the highest amount in more than a decade, amid virus-induced sluggish economic activities....

First-time importers may not use green, blue channels

First-time importers may not use green, blue channels

FE REPORT 2021-07-05 09:10:27

First time importers may not be able to enjoy goods clearance facility through green and blue channels of the customs stations or land-ports with a view to countering tax evasion. Such importers oft...

Bangladesh's tax revenue posts 17pc growth

Bangladesh's tax revenue posts 17pc growth

DOULOT AKTER MALA 2021-07-05 08:42:59

Despite economic slowdown due to the Covid-19 pandemic, revenue collection posted a 17 per cent growth in the just-concluded fiscal year (FY) over that of the previous FY thanks to the contribution of...

Stock markets resume Monday

Stock markets resume Monday

FE ONLINE REPORT 2021-07-04 11:35:53

The country’s stock markets will resume tomorrow (Monday) after a four-day break, including weekly and bank holidays, officials said. Trading and settlement activities will remain open for thre...

Bangladesh's apparel exports to US claw back

Bangladesh's apparel exports to US claw back

FE REPORT 2021-07-04 08:47:41

Country's apparel exports to the United States bounced back during the first five months of this calendar year, registering a double-digit growth both in terms of value and volume compared to the same...

Purabi Insurance to disburse 10pc dividend for 2020

Purabi Insurance to disburse 10pc dividend for 2020

FE REPORT 2021-07-03 09:06:34

The board of directors of Purabi General Insurance Company has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The dividend was recommended at...

More than 40pc of VAT Online Project funds unspent

More than 40pc of VAT Online Project funds unspent

DOULOT AKTER MALA 2021-07-03 08:44:17

Nearly 43 per cent or Tk 3.0-billion funds of the much-talked-about VAT Online Project (VOP) remained unspent even after the end of its tenure this June 30. Officials said the project underspent the...

Apparel export orders shifting from India, Myanmar to Bangladesh

Apparel export orders shifting from India, Myanmar to Bangladesh

FHM HUMAYAN KABIR 2021-07-03 08:22:37

The military coup in Myanmar and a grave Covid-19 situation in India have proved to be a boon to Bangladesh's apparel industry. Some export orders from these countries are now shifting to Bangladesh,...

South Bangla Bank's IPO subscription begins Monday

South Bangla Bank's IPO subscription begins Monday

FE REPORT 2021-07-02 09:14:27

The initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) will begin on Monday, aiming to raise Tk 1.0 billion under the fixed price method. The private...

New Development Bank asked to expedite Bangladesh's membership

New Development Bank asked to expedite Bangladesh's membership

FE Report 2021-07-02 09:00:59

Bangladesh has called on the New Development Bank (NDB) to expedite awarding its membership of the Shanghai-based multilateral lending institution, officials said. Finance Minister AHM Mustafa Kama...

BSEC issues rules to govern Tk 210b fund for stick market stabilization

BSEC issues rules to govern Tk 210b fund for stick market stabilization

Mohammad Mufazzal 2021-07-02 08:48:56

The securities regulator has finally issued a set of rules, paving the way for creating a special fund to help revitalise the capital market. The much-awaited rules on the formation of the market sta...

Scope to legalise undisclosed money gives a fillip to stock market

Scope to legalise undisclosed money gives a fillip to stock market

FE REPORT 2021-07-01 09:14:27

Dhaka bourse on Wednesday saw a sharp rise in the broad index following investors' increased participation a day before enforcing the country-wide strict lockdown. On the day, all sectors of the li...

Bangladesh equity market inaccessible to foreign investors: Report

Bangladesh equity market inaccessible to foreign investors: Report

ADNAN HOSSAIN BHUIYAN 2021-07-01 08:50:41

The country's public equity market still remained inaccessible to most foreign investors despite having compounded GDP (gross domestic product) for 40 consecutive years, according to the latest repo...

Corporate tax receipts exceed target

Corporate tax receipts exceed target

DOULOT AKTER MALA 2021-07-01 08:43:49

The tax authority has surpassed its target for tax collection from large taxpayers in the just-concluded fiscal year (FY), thanks to the money whitening scheme and withholding tax collection. Accor...

Parliament passes Tk 6.04 trillion budget for FY22

Parliament passes Tk 6.04 trillion budget for FY22

-- 2021-06-30 18:03:44

The parliament has passed a Tk 6.04 trillion budget for the 2021-22 fiscal year starting on July 1. The budget passed by voice vote during a parliamentary session chaired by Speaker Shirin Sharmin Ch...

Nazneen Ahmed joins UNDP as Country Economist

Nazneen Ahmed joins UNDP as Country Economist

-- 2021-06-30 17:19:37

Dr. Nazneen Ahmed has joined the United Nations Development Programme (UNDP), Dhaka Office as the Country Economist. She will provide policy and strategic advice on various activities of UNDP Banglad...

'Z' category companies soar abnormally

'Z' category companies soar abnormally

FE REPORT 2021-06-30 09:04:07

Some 'Z' category companies recently saw unusual rise in share prices despite there is no undisclosed price sensitive information behind such price hikes. On Tuesday, the share prices of those compan...

Banks, financial institutions sandwiched between conflicting regulatory issues

Banks, financial institutions sandwiched between conflicting regulatory issues

Mohammad Mufazzal 2021-06-30 08:49:09

The central bank has requested the securities regulator to amend or fine-tune its directives issued under the corporate governance code (CGC) for the listed banks and financial institutions (FIs). Fo...