Search results for: BAN

BUILD suggests reprioritising ADP: Delay execution of non-priority projects

Doulot Akter Mala 2020-05-11 10:38:58

A public-private forum has suggested the deferment of 12 "non-priority" government development projects worth Tk 2.50 billion, considering the fast-spreading virus situation. The Business Initiative...

Govt to fulfill vacancies of top officials at BSEC

Mohammad Mufazzal 2020-05-11 10:29:50

The government will fulfill the vacancies of the top officials at the securities regulator timely to avoid disruptions in the operations of regulatory affairs. A top official of the financial institu...

BB waives risk rating provision for biggies

Siddique Islam 2020-05-11 10:15:10

The banks will not have to follow the internal credit risk rating system (ICRRS) while providing loans to large industries and services companies under the Tk 300 billion stimulus package announced...

Post-COVID economic recovery depends on mgt quality: ADB

FHM Humayan Kabir 2020-05-11 09:53:50

Bangladesh's quick economic recovery from the COVID-19 depends on the length of the shutdown, and quality of the pandemic management measures, a senior Asian Development Bank official says. "The pe...

Nestlé Bangladesh stands by the distressed people

FE Online Desk 2020-05-11 00:19:00

In this unprecedented difficult time, Nestlé Bangladesh Limited stands by the distressed people and donated nutritious Nestlé food products to Prime Minister’s Relief & Welfare...

NBR formulating strategy considering pandemic to achieve target

-- 2020-05-10 21:46:18

The National Board of Revenue (NBR) on Sunday asked its field offices to formulate a strategy keeping the present condition in mind and expedite the collection of Value Added Tax (VAT) and thus achiev...

Loan defaulters can apply for stimulus package: BB

-- 2020-05-10 21:16:58

Bangladesh Bank (BB) has eased restrictions on clearing funds from the Tk 300 billion coronavirus stimulus package for industrial sectors allowing the loan defaulters to apply for the incentives. The...

DSE, CSE make donations to PM’s relief fund

FE Online Report 2020-05-10 20:13:55

Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) have donated Tk 10 million and Tk 2.50 million respectively to the Prime Minister’s Relief and Welfare Fund to help fight the C...

64 officers to monitor agricultural activities across BD

-- 2020-05-10 16:33:44

The government has assigned an officer in each of Bangladesh's 64 districts to supervise agricultural activities with the aim of ensuring food security amid a rampant coronavirus outbreak in the count...

FY ’21 budget: CPD favours external funding to meet gap

FE REPORT 2020-05-10 09:56:50

The government should try to secure external financing to meet its budget gap for fiscal year 2020-21, said the Centre for Policy Dialogue, or CPD, on Saturday. "It is critically important to give he...

Waiver of container storage fees not to continue after May 16

-- 2020-05-09 19:58:39

The waiver of container storage fees at Chattogram Port Authority (CPA) yard would not be extended after May 16, CPA chairman Commodore Abul Kalam Azad has said. Following the demand of different bus...

CPD recommends increasing tax-free income threshold

-- 2020-05-09 18:23:07

The Centre for Policy Dialogue (CPD) has recommended to increase the tax-free income threshold level from Tk 250,000 to Tk 350,000 and not keeping the provision of black money whitening facility in th...

Aarong to reopen selected outlets with special health safety measures Sunday

FE Online Desk 2020-05-09 17:37:22

  A selected number of Aarong outlets are scheduled to reopen on Sunday (10 May), following the approval by the government for shops and markets to resume business after a shutdown lasting for o...

LafargeHolcim's net profit surges 46pc in quarter one

FE Report 2020-05-09 09:56:14

LafargeHolcim Bangladesh's net profit surged 46 per cent year-on-year to Tk 522.8 million in the first quarter for January-March, 2020 despite ongoing Covid-19 pandemic. The board of directors of t...

Eight banks declare total Tk 9.11b cash dividends

Babul Barman 2020-05-09 09:45:59

Eight listed banks declared aggregate cash dividends amounting to Tk 9.11 billion for the year ending on December 31, 2019 amid the ongoing Covid-19 pandemic. Of the 30 banks, listed on the Dhaka S...

Low debt distress makes BD less vulnerable: IIF

JASIM UDDIN HAROON 2020-05-09 09:22:09

Bangladesh is less vulnerable to the COVID-19 pandemic as its debt-related risks are in a safe zone. The Washington-based IIF reached the conclusion while analysing 73 poor economies, which may need...

Grameenphone announces more initiatives and contributions to combat Covid-19

FE Online Desk 2020-05-08 16:36:33

Grameenphone announces a series of initiatives and contributions to stand by its commitment in supporting frontline health professional heroes, customers, and its retailers fighting the on-ground COVI...

IPDC net profit drops 5.47pc in Q1

FE Report 2020-05-08 14:21:34

IPDC Finance's net profit dropped 5.47 per cent year-on-year to Tk 150 million in first quarter for January-March, 2020 as operating expenses increased. The net profit of the first non-bank financial...

Export earnings fall over 82pc in April

FE Online Report 2020-05-08 12:27:49

The country’s single month merchandise shipments in April this year witnessed 82.85 per cent negative growth to only US$520.01 million, the lowest during the current fiscal year, according to da...

Budget: MNOs suggest tax policy reform for telecom sector

FE Report 2020-05-08 09:29:58

The country's Mobile Network Operators (MNOs) have called upon the tax authority to bring in reforms in the tax policy for telecommunication industry to reap more benefit from them, according to the M...

Business relief package : Govt asks state banks to speed up process  

FE REPORT 2020-05-08 09:24:28

The ministry of finance on Thursday asked all state-owned banks to start procedures immediately for the implementation of relief packages the government offered to help businesses cushion the pandemic...

Pharma cos remain unfazed despite the onslaught of COVID-19

Mohammad Mufazzal 2020-05-07 10:02:29

Listed pharmaceuticals companies are expecting a growth in their earnings for January-March (Q3) as their productions, distributions and sales have almost remained 'unaffected' amid COVID-19 pandemic....

Uncertainty looms large over suspended interest

JASIM UDDIN HAROON 2020-05-07 09:32:17

Banking experts are divided over the latest central bank circular centring the suspension of interest on all types of loans for the months of April and May. Some tend to argue that the decision has c...

80pc low-income people see less earnings in one month

FE Report 2020-05-07 09:20:20

More than 80 per cent of rural and low-income population in the country experienced a decrease in earnings from February to March due to COVID-19 pandemic, according to a survey. Some 93 per cent of...

BAPLC for not changing category of listed companies

Mohammad Mufazzal 2020-05-07 00:42:43

Bangladesh Association of Publicly Listed Companies (BAPLC) has urged the securities regulator not to change the category of listed companies upon their failure in declaring or disbursing dividend at...

Disburse money from virus stimulus package quickly, FBCCI chief urges banks

FE Online Desk 2020-05-06 23:24:42

FBCCI on Wednesday urged the country’s banks to take quick steps to disburse the stimulus money declared by the government to stave off the impact of the coronavirus on the economy. Sheikh Fazl...

Azam J Chowdhury donates PPE to Bangladesh Central Jail

FE Online Desk 2020-05-06 21:57:11

Mr. Azam J Chowdhury, on behalf of Omera Gas One Ltd. and Omera Petroleum Ltd. has donated 1,000 Personal Protective Equipment (PPE) to the jail authorities to ensure the safety of the staff of Dhaka...

Economists rely on foreign currency reserve to offset COVID-19 impact

-- 2020-05-06 19:37:14

Leading economists have said a sound foreign currency reserve and debt ratio to GDP alongside debt repayment capability to largely help Bangladesh offset COVID-19 impacts on its economy. But they fea...

BRAC Bank supports 10,500 families

FE Online Desk 2020-05-06 18:14:22

BRAC Bank has collaborated with Bidyanondo Foundation for providing food to the community that have been affected worst by COVID-19. The bank has contributed Tk 5.0 million for this purpose.  Th...

Stock markets to remain shut until May 16

FE Online Report 2020-05-06 15:57:16

The country’s two bourses will remain closed until May 16 as the government further extended the ongoing holidays to contain the spread of deadly coronavirus. The government has further extende...