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The Financial Express

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Govt liabilities could climb 56pc in FY'21

Govt liabilities could climb 56pc in FY'21

 FE REPORT 2020-06-27 09:39:48

The government liabilities are expected to jump by 56 per cent at the end of June 2021, according to the annual financial statement. The document shows that total liabilities will stand at Tk. 3.36 t...

Crest Securities clients' worries deepen

Crest Securities clients' worries deepen

MOHAMMAD MUFAZZAL 2020-06-27 09:32:04

The volume of investors' fund, allegedly, embezzled by the owners of the Crest Securities Ltd., a member of the Dhaka Stock Exchange (DSE), could be sizeable, sources said. The brokerage firm, acco...

Faulty policy might offset govt bid to develop bond market

Faulty policy might offset govt bid to develop bond market

-- 2020-06-26 20:17:22

The government's move to develop a strong bond market to provide long-term financing through giving some amenities in the proposed budget for 2020-21 fiscal might not bring any positive change due to...

Jobless recovery might put progress of last decade at risk: Study

Jobless recovery might put progress of last decade at risk: Study

-- 2020-06-26 18:42:08

Job creation and inclusive growth must be the centrepiece of the recovery strategy amid the coronavirus outbreak otherwise jobless recovery might put the progress of the past decade at risk, said a st...

Revenue collection rises in May, but well below target

Revenue collection rises in May, but well below target

-- 2020-06-26 17:16:53

The government’s revenue collection increased to Tk 134.53 billion in May, but the amount was less than half of the target as the coronavirus crisis continues to ravage the economy. The revised...

Unilever Overseas Holdings to purchase 82pc shares of GSK

Unilever Overseas Holdings to purchase 82pc shares of GSK

FE Report 2020-06-26 09:50:42

Unilever Overseas Holdings B.V. will purchase 82 per cent shares of GlaxoSmithKline (GSK) Bangladesh which is listed on both the stock exchanges of Bangladesh. According to a corporate disclosure, Un...

Banks can give loans in phases in three years

Banks can give loans in phases in three years

FE REPORT 2020-06-26 09:46:51

The central bank has relaxed guidelines, allowing scheduled banks and non-bank financial institutions (NBFIs) to provide loans under the financial stimulus package to large industries and services in...

BB asked to simplify repatriation of foreign investment, profit

BB asked to simplify repatriation of foreign investment, profit

SYFUL ISLAM 2020-06-26 09:44:21

The government has moved to simplify the repatriation process of foreign investment and profit by removing the existing barriers for attracting the businesses being relocated by the global conglomerat...

Bangladeshis’ deposits in Swiss banks decline

Bangladeshis’ deposits in Swiss banks decline

FE REPORT 2020-06-26 09:32:08

Money deposited by Bangladeshis in Swiss banks fell slightly in 2019, according to the latest data released in Zurich on Thursday. The annual report of the Swiss National Bank or SNB titled 'Banks in...

DSE broker decamps with investors’ fund

DSE broker decamps with investors’ fund

FE REPORT 2020-06-26 09:24:50

Crest Securities Ltd, a member of Dhaka Stock Exchange (DSE), has shut down its head and branch offices without informing the exchange authority. According to insiders, the officials of Crest Securit...

Unilever to rebrand ‘Fair & Lovely’; new brand name to be announced after approval

Unilever to rebrand ‘Fair & Lovely’; new brand name to be announced after approval

FE Online Desk 2020-06-25 16:40:21

Unilever Bangladesh Limited (UBL) announced on Thursday the next step in the evolution of its skin care portfolio, with the rebranding of its flagship brand Fair & Lovely. Taking forward the brand...

Stocks edge up, turnover remains low

Stocks edge up, turnover remains low

FE ONLINE REPORT 2020-06-25 14:37:12

Stocks ended slightly higher on Thursday with turnover remaining below Tk 1.0 billion-mark for the 13th straight session as investors mostly followed cautious stance amid worsening pandemic situation....

13pc people lost jobs due to Covid-19 pandemic: Survey

13pc people lost jobs due to Covid-19 pandemic: Survey

UNB 2020-06-25 11:48:15

About 13 per cent people have become unemployed in the country due to Covid-19 pandemic, according to a survey of Bangladesh Institute of Development Studies (BIDS). The survey titled “Coping w...

DSE, CSE open mixed amid low turnover

DSE, CSE open mixed amid low turnover

FE ONLINE REPORT 2020-06-25 11:09:27

Stocks witnessed mixed trend in early trading on Thursday amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX advanced more than 2.0 points while the CSE All Share Pr...

Continental Insurance declares 10pc dividend

Continental Insurance declares 10pc dividend

FE ONLINE REPORT 2020-06-25 10:58:43

The board of directors of Continental Insurance Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will...

IFIC Bank declares 10pc stock dividend

IFIC Bank declares 10pc stock dividend

FE ONLINE REPORT 2020-06-25 10:27:20

The board of directors of IFIC Bank Limited has recommended a 10 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the annual genera...

Safety net outlay goes up substantially for FY '21

Safety net outlay goes up substantially for FY '21

FE REPORT 2020-06-25 09:32:10

The government has substantially increased the allocation on the social safety net programmes mainly due to supporting the coronavirus affected people. It allocated Tk. 955.74 billion or nearly 17 pe...

Stocks inch up, but turnover remains low

Stocks inch up, but turnover remains low

FE ONLINE REPORT 2020-06-24 15:14:55

Stocks inched up on Wednesday amid low turnover as investors mostly followed cautious stance due to worsening pandemic situation and floor price limitation. DSEX, the key index of the Dhaka Stock Exc...

Forex reserve crosses $35 billion mark for first time

Forex reserve crosses $35 billion mark for first time

FE ONLINE REPORT 2020-06-24 13:42:54

Bangladesh’s foreign exchange (forex) reserve on Wednesday crossed the US$35 billion-mark -- for the first time in its history, following lower import payment obligations and steady growth of in...

BD gets $500m WB loan to improve road connectivity

BD gets $500m WB loan to improve road connectivity

FE ONLINE REPORT 2020-06-24 12:48:24

The World Bank (WB) has approved 500 million US dollar to help Bangladesh improve road connectivity along the Jashore-Jhenaidah corridor covering four western districts. “The western region of...

Stocks open flat amid low turnover

Stocks open flat amid low turnover

FE ONLINE REPORT 2020-06-24 11:00:49

Stocks nearly flat in early trade on Wednesday as worsening pandemic situation, floor price system, and disappointment over the proposed budget kept the investors away from the trading activities. Wi...

Tax raise on damages for acquired land likely

Tax raise on damages for acquired land likely

FE REPORT 2020-06-24 10:32:31

Income tax on the compensation amount of immovable properties acquired by the government is likely to be tripled in the upcoming fiscal year. In the proposed Finance Bill-2020, the rate of Advance In...

Bourses asked to launch integrated online platform

Bourses asked to launch integrated online platform

FE Report 2020-06-24 10:22:36

The securities regulator has directed both the bourses to launch an integrated online platform for data gathering and information submission and dissemination. The Bangladesh Securities and Exchange...

Dhaka Bank declares 10pc dividend

Dhaka Bank declares 10pc dividend

FE ONLINE REPORT 2020-06-24 10:14:02

Dhaka Bank Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The board of directors of the bank in a virtual meeting on Tuesday adopted th...

NBR's tax receipt move on the skids

NBR's tax receipt move on the skids

Doulot Akter Mala 2020-06-24 09:21:30

The government's revenue collection in the current fiscal year is likely to contract for the first time since the country's independence in 1971. The slump in tax collection as the fallout of the cor...

Huawei connects China medical expert team with Bangladesh

Huawei connects China medical expert team with Bangladesh

FE Online Desk 2020-06-23 17:49:22

A total of 12 video conference sessions have been conducted among Chinese medical expert team and departments of Bangladesh government, its medical institutions, designated hospitals and relevant Unit...

Stocks witness yet another flat session

Stocks witness yet another flat session

FE ONLINE REPORT 2020-06-23 14:58:23

Stocks witnessed yet another flat session on Tuesday as growing virus fears and the ‘floor price’ system kept the investors mostly on the sidelines. DSEX, the key index of the Dhaka Stock...

Budget allocation for health not sufficient in view of Covid crisis: CBP

Budget allocation for health not sufficient in view of Covid crisis: CBP

FE ONLINE DESK 2020-06-23 11:51:08

Budgetary allocations for health, agriculture, social protection and education have not been sufficient and visionary in view of the Covid-19 crisis, the Centre on Budget and Policy (CBP), University...

Stocks open mixed amid low turnover

Stocks open mixed amid low turnover

FE ONLINE REPORT 2020-06-23 11:03:47

Stocks witnessed mixed trend in early trading on Tuesday amid sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors on the sidelines. Within 30...

City Bank declares 15pc cash dividend

City Bank declares 15pc cash dividend

FE ONLINE REPORT 2020-06-23 10:02:14

The City Bank Ltd has recommended 15 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a virtual meeting held on Monday approved the audited financ...