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Minister annoyed with poor tax-GDP ratio as NBR awards top taxpayers

Minister annoyed with poor tax-GDP ratio as NBR awards top taxpayers

FE REPORT 2021-02-12 10:07:19

Finance minister AHM Mustafa Kamal on Thursday asked the taxmen to refrain from physical inspection as it may cause harassment to the taxpayers. He also instructed them to automate the tax administra...

BATBC shares jump almost 13pc on hefty dividend declaration

BATBC shares jump almost 13pc on hefty dividend declaration

FE REPORT 2021-02-12 10:00:16

Shares of British American Tobacco Bangladesh Company (BATBC) jumped 12.62 per cent to close at Tk 1,700.30 on Thursday following its hefty dividend declaration. The multinational tobacco company s...

Stocks slip into red after two-day rise

Stocks slip into red after two-day rise

FE Online Report 2021-02-11 16:31:53

The market slipped into the red on Thursday, spanning a two-day gaining streak, as investors mostly followed cautious stance. The market swung between negative and positive several times during the t...

Stocks post marginal gains at opening amid rising turnover

Stocks post marginal gains at opening amid rising turnover

FE ONLINE REPORT 2021-02-11 11:50:31

Stocks opened marginally higher on Thursday, with bargain hunters remaining active on lucrative issues, particularly on British American Tobacco following its high dividend declaration news. Within t...

BATBC declares 300pc final cash, 200pc stock dividend

BATBC declares 300pc final cash, 200pc stock dividend

FE ONLINE REPORT 2021-02-11 11:13:44

The board of directors of British American Tobacco has recommended 300 per cent final cash dividend and 200 per cent stock dividend for the year ended on December 31, 2020. However, the total cash di...

Baraka Patenga Power's IPO share bidding now begins February 22

Baraka Patenga Power's IPO share bidding now begins February 22

FE REPORT 2021-02-11 09:10:09

Baraka Patenga Power's bidding to explore the cut-off price of its shares now will begin on February 22 instead of earlier schedule for February 15 as the issuer company announced a fresh date of bidd...

Freelancers allowed to bring earnings through MFSs

Freelancers allowed to bring earnings through MFSs

FE REPORT 2021-02-11 09:07:13

The IT freelancers will now be able to bring home their small-value earnings through mobile financial services (MFSs). Previously, they had to bring the money through banks. Local people, especially...

Association of companies places proposals on dividend distribution to regulator

Association of companies places proposals on dividend distribution to regulator

FE REPORT 2021-02-11 09:00:11

The Bangladesh Association of Publicly Listed Companies (BAPLC) has placed a set of recommendations in response to the Bangladesh Securities and Exchange Commission's (BSEC) recent directive regarding...

Anti-graft body asks taxmen to probe legalising black money

Anti-graft body asks taxmen to probe legalising black money

DOULOT AKTER MALA 2021-02-11 08:44:39

The Anti-Corruption Commission (ACC) has warned the taxmen against black money accumulation by some people, showing income from fake fish, poultry and dairy farms or other businesses relating to stock...

Bangladeshi banks in artificial comfort zone

Bangladeshi banks in artificial comfort zone

SIDDIQUE ISLAM 2021-02-11 08:11:30

The provisioning shortfall against loans in the country's banking system fell by over 98 per cent in the last quarter of the year 2020 as the non-performing loans (NPLs) declined to some extent, offic...

Microfinance operators seek ‘zero interest’credit from BB to support Covid-hit poor

Microfinance operators seek ‘zero interest’credit from BB to support Covid-hit poor

FE ONLINE REPORT 2021-02-10 20:33:31

The national forum of microfinance institutions has demanded simplification of the process for disbursing loans from the government’s stimulus packages to help the poor recover Covid-19 losses t...

BSEC launches online BO account opening system

BSEC launches online BO account opening system

FE ONLINE REPORT 2021-02-10 11:53:07

The stock market regulator inaugurated the online beneficiary owners’ (BO) account opening system, in Dubai as well as at its own office in Dhaka on Tuesday. The Bangladesh Securities and Excha...

Stocks open positive amid rising turnover

Stocks open positive amid rising turnover

FE ONLINE REPORT 2021-02-10 11:47:26

Stocks opened higher on Wednesday, maintaining the previous day’s sharp rally, as bargain hunters were active on lucrative issues. Shares of Taufika Foods and Agro Industries, which made its de...

Dubai road show urges foreigners, NRBs to invest in Bangladesh capital market

Dubai road show urges foreigners, NRBs to invest in Bangladesh capital market

FE REPORT 2021-02-10 09:01:14

Stakeholders urged the foreign investors and non-resident Bangladeshis (NRBs) to invest more in Bangladesh capital market to get a better return. They were addressing the inauguration of a four-day r...

Bangladesh's imports picking up

Bangladesh's imports picking up

JASIM UDDIN HAROON 2021-02-10 08:22:38

Bangladesh's imports have started picking up for the first time since the Covid-19 pandemic paralysed the national economy, according to shipping executives. Imports surged in January by 5.0-6.0 pe...

Banks’ non-performing loans shrink, thanks to moratorium

Banks’ non-performing loans shrink, thanks to moratorium

SIDDIQUE ISLAM 2021-02-10 08:13:23

The size of the banks' non-performing loans (NPLs) shrank further at the end of the fourth quarter of 2020. The suspension of the usual practice of classifying loans that had been put into effect by...

Mask making helps rural women earn livelihood 

Mask making helps rural women earn livelihood 

-- 2021-02-09 18:25:13

Amid the tough time of coronavirus, women in Bangladesh's rural areas are making biodegradable, reusable Ella masks from garment scraps to cope with the pandemic-induced new social lifestyle and ensur...

Stocks see sharp rise at open after two-day free-fall

Stocks see sharp rise at open after two-day free-fall

FE ONLINE REPORT 2021-02-09 11:26:39

Stocks opened on higher on Tuesday, after free-fall in the past two days, as bargain hunters were active on lucrative issues. Meanwhile, a four-day long roadshow titled “Rising of Bengal Tige...

Padma Oil signs deal with two more LPG companies

Padma Oil signs deal with two more LPG companies

FE REPORT 2021-02-09 09:07:38

The state-run listed company Padma Oil Company has signed agreements with two more LPG companies - Bashundhara LP Gas and Petromax LPG-- as part of its business expansion. Under the agreement, the co...

Bangladesh's capital market road show begins in Dubai today

Bangladesh's capital market road show begins in Dubai today

FE REPORT 2021-02-09 09:04:18

A four-day long road show titled "Rising of Bengal Tiger: Potentials of Bangladesh Capital Markets", to attract foreign investors and non-resident Bangladeshis (NRBs) to the country's stock market beg...

Vietnamese firm to charge Tk 140m for continuing support to automated VAT admin

Vietnamese firm to charge Tk 140m for continuing support to automated VAT admin

DOULOT AKTER MALA 2021-02-09 08:24:26

The government will have to pay Tk 140 million to the Vietnamese firm FPT from its own coffer as per contract with the company to avail its support for continuing automated VAT administration after Ju...

SDG attainment would be tough without effective bureaucracy

SDG attainment would be tough without effective bureaucracy

FE REPORT 2021-02-09 08:11:08

Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood on Monday said the achievement of Sustainable Development Goals (SDGs) would be tough without effective and efficient bureaucratic practices. "...

Project aid in pipeline soars to $48b as state agencies fail to utilise funds

Project aid in pipeline soars to $48b as state agencies fail to utilise funds

FHM Humayan Kabir 2021-02-09 08:04:30

The volume of undisbursed project aid (PA) ballooned to more than US$48 billion until December last, as many public agencies failed to utilise the same, officials said on Monday. The amount is more...

Cyclone Amphan, COVID-19 pandemic push shrimp farmers into poverty

Cyclone Amphan, COVID-19 pandemic push shrimp farmers into poverty

-- 2021-02-08 19:46:36

This time last year the west coast of Bangladesh was a thriving place for shrimp farmers. It was a decent enough living and there was a healthy export market. Majnu Sardar, who lives in Koyra upazila...

Taufika Foods to make debut Wednesday

Taufika Foods to make debut Wednesday

FE ONLINE REPORT 2021-02-08 18:42:57

Taufika Foods & Agro Industries, which produces ice cream under the brand name “Lovello”, will make its share trading debut on bourses on Wednesday under “N” category, offi...

Stocks keep tumbling as major stocks plunge

Stocks keep tumbling as major stocks plunge

FE ONLINE REPORT 2021-02-08 16:21:45

Stocks continued to bleed for the two straight sessions on Monday as investors kept their panic sell-offs to avoid further losses. After losing roughly 143 points in the previous day, the market saw...

Stocks slide at open amid lackluster trade

Stocks slide at open amid lackluster trade

FE ONLINE REPORT 2021-02-08 11:17:07

Stocks plunged in early trading on Monday, maintaining the previous day’s sharp decline as investors kept their sell-offs on major issues. Following the previous day’s free-fall, the ke...

Padma Oil signs business deal with two more LPG cos

Padma Oil signs business deal with two more LPG cos

FE ONLINE REPORT 2021-02-08 10:40:47

The state-run listed company Padma Oil, as part of its business expansion, has signed agreements with two non-listed LPG companies - Bashundhara LP Gas and Petromax LPG. Under the agreement, the...

Interest rate spread widens as small savers hit hard

Interest rate spread widens as small savers hit hard

SIDDIQUE ISLAM 2021-02-08 08:54:31

The interest rate spread widened further in December last as the banks cut the deposit rates deeper than that of the lending rates, bankers have said. The weighted average spread between the lendin...

Customs delay bites Bangladesh businesses

Customs delay bites Bangladesh businesses

DOULOT AKTER MALA 2021-02-08 08:51:01

Businesses are facing delay and counting higher costs while complying with customs documentation at the ports, although the authorities have made significant improvements in recent times. In 50 per c...