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The Financial Express

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BSEC scraps Delta Hospital's IPO

BSEC scraps Delta Hospital's IPO

FE Report 2020-06-11 10:28:36

The securities regulator on Wednesday scrapped the IPO proposal of Delta Hospital as the company is unwilling to go public with 'insufficient' share price determined at the bidding. The decision was...

Return submission may be mandatory for all TIN holders

Return submission may be mandatory for all TIN holders

FE REPORT 2020-06-11 09:57:16

The National Board of Revenue (NBR) is likely to make mandatory the submission of income tax returns for all taxpayers having taxpayers' identification numbers (TIN) with few exceptions from the upcom...

BB’s April, May interest waiver policy issued

BB’s April, May interest waiver policy issued

FE REPORT 2020-06-11 09:47:41

The central bank issued a policy asking banks to waive certain portions of the interest accrued on the outstanding amount of loans during April and May this year, officials said. The entire amount of...

Take bold economic and health safety measures

Take bold economic and health safety measures

FE Report 2020-06-11 09:28:31

A study has suggested the government work on three objectives simultaneously--enforcing strict physical distancing, increased entitlement support, and revamping public health system--- to help prevent...

Tightrope walk for Kamal

Tightrope walk for Kamal

JASIM UDDIN HAROON 2020-06-11 09:26:38

The government unveils the budget for fiscal year 2021 today (Thursday) expanding the social safety-net, but the health sector, as indications are available, is likely to get scanty attention despite...

Budget financing: Bank debt target likely at Tk 880b

Budget financing: Bank debt target likely at Tk 880b

Siddique Islam 2020-06-11 09:23:12

The government is likely to set its bank borrowing target at Tk 880 billion to partly finance the budget deficit for fiscal year 2020-21. A senior official familiar with the public-debt management sa...

Export to Canada grows by 14.53pc in 2019

Export to Canada grows by 14.53pc in 2019

FE Online Report 2020-06-10 20:39:43

Bangladesh’s export to Canada grew by 14.53 per cent in 2019 to 1.97 billion Canadian dollar year-on-year mainly due to the trade privilege provided by the latter. The country fetched CAN$1.72...

Budget 2020-21 expected to include measures to offset COVID-19 impact

Budget 2020-21 expected to include measures to offset COVID-19 impact

-- 2020-06-10 19:32:18

Finance Minister AHM Mustafa Kamal is set to unveil on Thursday the proposed budget for the fiscal year 2020-21 (FY21), which is expected to contain suggestive measures to offset the impact of COVID-1...

Stocks end flat ahead of budget

Stocks end flat ahead of budget

FE ONLINE REPORT 2020-06-10 15:28:32

Stocks witnessed yet another flat session on Wednesday as investors mostly followed cautious stance ahead of national budget and ongoing Covid-19 pandemic. DSEX, the key index of the Dhaka Stock Exch...

JS to go into budget session this afternoon

JS to go into budget session this afternoon

FE Online Report 2020-06-10 12:15:51

The national budget session of the current parliament is going to be held at 5:00 pm today (Wednesday) amid the coronavirus pandemic. The Parliament session will be chaired by the Speaker Dr Shirin S...

Stocks open nearly flat amid dull trading

Stocks open nearly flat amid dull trading

FE ONLINE REPORT 2020-06-10 11:40:44

Stocks remained almost flat in early trading on Wednesday as investors’ concerns over the worsening Covid-19 situation and the floor price limitation kept the market nearly inactive. Within fir...

Dutch-Bangla Bank’s profit surges 59pc in Q1

Dutch-Bangla Bank’s profit surges 59pc in Q1

FE ONLINE REPORT 2020-06-10 11:28:33

Dutch-Bangla Bank Ltd’s profit after tax surged 59 per cent year-on-year in the first quarter (Q1) for January-March, 2020. The board of directors of the bank in a meeting held on Tuesday, amon...

BSEC rejects Dragon Sweater's rights offer

BSEC rejects Dragon Sweater's rights offer

FE REPORT 2020-06-10 09:51:21

Bangladesh Securities and Exchange Commission (BSEC) has rejected the rights share offer of Dragon Sweater and Spinning Ltd. The securities regulator issued a letter to the company on June 3 in thi...

Regulator asks bourses to fully digitalise trading platforms

Regulator asks bourses to fully digitalise trading platforms

FE Report 2020-06-10 09:41:45

The securities regulator has asked both the bourses to set work plans for transforming the trading platforms into completely digitalised ones to avoid trade disruptions during any kind of pandemic i...

Fiscal measure to upset car owners

Fiscal measure to upset car owners

Doulot Akter Mala 2020-06-10 09:34:12

The National Board of Revenue or NBR is set to increase tax on private car owners and the import of onion in the budget for the upcoming fiscal year. It may also offer a string of tax-break facilitie...

Govt takes Tk 113b from state-run power, gas entities

Govt takes Tk 113b from state-run power, gas entities

M AZIZUR RAHMAN 2020-06-10 09:26:51

The government has taken around Tk 113 billion (11,300 crore) from different state-run power and gas entities over the past several months during the coronavirus pandemic. The Ministry of Finance (Mo...

Budget FY21: TIB against provision of whitening black money

Budget FY21: TIB against provision of whitening black money

-- 2020-06-09 21:34:17

Transparency International Bangladesh (TIB) on Tuesday urged the government not to keep any provision of whitening of black money in the forthcoming national budget in the name of creating employment...

Dhaka stocks edge up amid sluggish turnover

Dhaka stocks edge up amid sluggish turnover

FE ONLINE REPORT 2020-06-09 15:30:17

Stocks edged up on Tuesday when the turnover dipped below Tk 1.0 billion-mark again as investors mostly followed cautious stance ahead of the national budget and ongoing Covid-19 pandemic. DSEX, the...

Current account deficit drops in July-April

Current account deficit drops in July-April

FE ONLINE REPORT 2020-06-09 13:49:12

Despite a moderate rise in the country’s merchandise trade deficit with the rest of the world in the first 10 months of the current fiscal year (FY20), the current account deficit dropped modest...

BD growth to slow to 1.6pc in FY 20: WB

BD growth to slow to 1.6pc in FY 20: WB

FE ONLINE DESK 2020-06-09 12:07:28

The World Bank has predicted that Bangladesh’s GDP (gross domestic product) growth will markedly slow to 1.6 per cent in the fiscal year (FY) 2019-20, which ends this June. The Washington-based...

Stocks open on slow trend amid low turnover

Stocks open on slow trend amid low turnover

FE Online Report 2020-06-09 11:40:12

Stocks witnessed a modest gain in early trading on Tuesday as investors are concerned over the worsening Covid-19 situation and the floor prices mechanism which kept the market almost inactive. Withi...

LankaBangla Finance declares 12pc dividend

LankaBangla Finance declares 12pc dividend

FE ONLINE REPORT 2020-06-09 11:23:43

The board of directors of LankaBangla Finance Ltd has recommended 7.0 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 co...

Square Pharma’s EPS surges 16pc in Q3

Square Pharma’s EPS surges 16pc in Q3

FE Online Report 2020-06-09 10:41:02

Square Pharmaceuticals Ltd’s consolidated earnings per share (EPS) surged 16 per cent year-on-year in third quarter (Q3) for January-March, 2020. The board of directors of the company in a meet...

Stipulated IPO price: Walton Hi-Tech seeks 10pc additional discount

Stipulated IPO price: Walton Hi-Tech seeks 10pc additional discount

FE Report 2020-06-09 10:20:41

Walton Hi-Tech Industries has made a proposal of issuing IPO shares with 10 per cent additional discount on stipulated price considering the interest of the capital market and small investors. The co...

BEA proposes Tk 13.97t alternative budget

BEA proposes Tk 13.97t alternative budget

FE REPORT 2020-06-09 10:11:43

Bangladesh Economic Association (BEA), a professional body of economists, on Monday proposed an alternative budget amounting to Tk 13.97 trillion or 2.47 times higher than the existing budget. The si...

BD to get WB's $250m budgetary aid in June

BD to get WB's $250m budgetary aid in June

FHM Humayan Kabir 2020-06-09 09:51:38

Bangladesh is likely to receive US$250 million budgetary support from the World Bank (WB), as the Washington-based lender might approve the assistance next week, officials said on Monday. The WB bo...

Budget for FY'21: Penal tax likely on fake investment, misinvoicing

Budget for FY'21: Penal tax likely on fake investment, misinvoicing

Doulot Akter Mala 2020-06-09 09:24:16

The government may impose penal tax at a rate of 50 per cent on the amount involved in misinvoicing and fake investment in the upcoming budget (FY 2020-21). The penal tax in the case of misinvoicing...

BB governor’s highest age limit to increase by two years

BB governor’s highest age limit to increase by two years

-- 2020-06-08 20:20:21

The highest age limit of the governor of the central bank will be increased to 67 years from existing 65 years. The cabinet approved in principle the draft of “The Bangladesh Bank (Amendment) A...

Parliament gets Tk 3.35b budget for FY21

Parliament gets Tk 3.35b budget for FY21

-- 2020-06-08 17:16:34

The Parliament Secretariat Commission on Monday approved a Tk 3.35 billion budget for Parliament to spend on its development and non-development expenditures for the next fiscal year (FY21). The appr...

Stocks slip back into red

Stocks slip back into red

FE ONLINE REPORT 2020-06-08 14:48:55

Stocks slipped back into the red on Monday, after a single-day break, as investors mostly followed a cautious stance amid the ongoing virus scare. DSEX, the key index of the Dhaka Stock Exchange, wen...