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The Financial Express

Search results for: BAN

Weathering virus impact: MCCI suggests creating Tk 1.0tn fund

Weathering virus impact: MCCI suggests creating Tk 1.0tn fund

 FE REPORT 2020-04-03 08:05:28

An elite chamber on Thursday proposed the government to form a fund of Tk 1.0 trillion to help minimise economic losses as a result of Covid-19 outbreak. The Metropolitan Chamber of Commerce and Indu...

Buyers cancel orders of RMG products worth $3.0b

Buyers cancel orders of RMG products worth $3.0b

-- 2020-04-02 21:50:40

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday said buyers have so far cancelled orders worth $3.0 billion following the outbreak of coronavirus. About 1,092 factorie...

BD needs Tk 300b initially to minimise COVID-19 impact

BD needs Tk 300b initially to minimise COVID-19 impact

-- 2020-04-02 20:24:52

Bangladesh needs around Taka 300.00 billion initially for three months -- March, April and May -- for various sectors to minimise the impact of the COVID-19 pandemic. The Metropolitan Chamber of Comm...

Garment accessories makers want inclusion in proposed Tk 50b fund

Garment accessories makers want inclusion in proposed Tk 50b fund

FE Online Report 2020-04-02 18:52:57

Local garment accessories makers have urged the government to include them in the proposed TK 50 billion fund for export sectors or allocate a separate fund for the industry to help them overcome the...

"Suspend 8FYP for now, draft 2Y recovery plan"

"Suspend 8FYP for now, draft 2Y recovery plan"

FE Online Report 2020-04-02 17:40:11

Dr Selim Raihan, executive director of SANEM, has proposed a two-year Recovery Plan for Bangladesh instead of the 8th Five Year Plan (8FYP). In his proposal, Dr Raihan has recommended eight points:...

Bourses to remain shut from April 5 to 11

Bourses to remain shut from April 5 to 11

FE ONLINE REPORT 2020-04-02 12:38:34

The country’s two bourses will remain closed from April 5 to April 11 as the government extended the holiday to contain the spread of deadly coronavirus. The government on Wednesday issued a ci...

Trading on DSE mobile app soars despite bearish mkt

Trading on DSE mobile app soars despite bearish mkt

Babul Barman 2020-04-02 11:26:49

Share trading through DSE mobile app continued to rise on the Dhaka Stock Exchange as the number of active users of the digital application exceeded 53000-mark. The number of active users of the appl...

New Trading Right Entitlement Certificate

New Trading Right Entitlement Certificate

FE Report 2020-04-02 11:23:03

The securities regulator is likely to extend timeframe of receiving public opinion on draft rules formulated to issue new TREC (Trading Right Entitlement Certificate). "The decision of the commissi...

‘Tourism sector to lose Tk 97.05b during Feb-June period’

‘Tourism sector to lose Tk 97.05b during Feb-June period’

-- 2020-04-01 22:10:21

Bangladesh chapter of Pacific Asia Travel Association (PATA) has predicted that overall tourism sector of the country would incur a loss of approximately Tk 97.05 billion from February to next June 20...

‘COVID-19 may pull down BD’s growth even below 6.0pc’

‘COVID-19 may pull down BD’s growth even below 6.0pc’

FE Online Report 2020-04-01 21:03:24

The impacts of COVID-19 on the country’s economic growth, job losses and upsurge in poverty are expected to be large, observed an economist.  Though the Gross Domestic Product (GDP) of Ban...

Single digit interest rate on lending comes into effect

Single digit interest rate on lending comes into effect

-- 2020-04-01 19:34:15

Banks in the country started implementing single digit 9.0 per cent interest rate for all kinds of loans except credit cards in compliance with the government directives, reports UNB.  Banking i...

Detailed analysis a must, says BUILD

Detailed analysis a must, says BUILD

FE Online Desk 2020-04-01 18:02:51

In view of COVID-19 pandemic, BUILD, a private think tank stressed the need for detailed analysis by a pool of researchers to understand and assess need of the country and also to understand short,...

‘Forget budget deficit, immediate focus is human lives & livelihoods’

‘Forget budget deficit, immediate focus is human lives & livelihoods’

FE ONLINE REPORT 2020-04-01 11:31:08

Traditionally, finance ministers of the country keep the budget deficit within 5.0 per cent or so of the Gross Domestic Product (GDP).  But in the current fiscal year (FY20) there is no need to...

40 cos to go public to raise Tk 30 billion

40 cos to go public to raise Tk 30 billion

Mohammad Mufazzal 2020-04-01 10:21:19

Some 40 companies will raise an aggregate amount of capital worth around Tk 30 billion from the country's capital markets. The companies have intended to raise the capital floating IPOs (initial pu...

PwC detects ambiguities in tax laws   

PwC detects ambiguities in tax laws  

FE REPORT 2020-04-01 10:05:26

The PricewaterhouseCoopers, Bangladesh, has identified inconsistencies in tax laws, including taxation on Alternative Investment Fund (AIF), capital gain and tax deducted at source in the distribution...

Bangladesh poised to see sharp fall in remittance inflow

Bangladesh poised to see sharp fall in remittance inflow

-- 2020-03-31 21:29:28

Amid slump in export earnings, experts say another big shock lies ahead for Bangladesh economy as its remittance inflow, the life line for many rural families, is likely to shrink significantly in the...

FBCCI to spray disinfectants from Narayanganj to Uttara

FBCCI to spray disinfectants from Narayanganj to Uttara

FE Online Desk 2020-03-31 18:33:11

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will start a two-day programme starting Wednesday to spray disinfectants from Narayanganj to Uttara in the capital as part of its...

Mercantile Bank, BRAC Bank donations to PM's Fund

Mercantile Bank, BRAC Bank donations to PM's Fund

FE Online Desk 2020-03-31 18:26:02

Mercantile Bank Limited donated an amount of Taka 50 million to the Prime Minister’s Relief Fund to fight coronavirus. It is initiated as a part of Mercantile Bank’s CSR activities to Pr...

Money market operations to continue during holidays

Money market operations to continue during holidays

-- 2020-03-31 17:39:38

The Bangladesh Bank (BB) has taken a decision to keep open the operations of repurchase agreement (Repo) and interbank call money market in a limited scale during the general holidays for managing the...

StanChart BD offers comprehensive support measures

StanChart BD offers comprehensive support measures

FE Online Desk 2020-03-31 17:31:06

Standard Chartered Bangladesh has decided to offer a comprehensive set of support measures for its wide range of clients to help pull through these difficult times. "Standard Chartered has stood by t...

Summit Group donates Tk 30m to fight coronavirus pandemic

Summit Group donates Tk 30m to fight coronavirus pandemic

FE Online Desk 2020-03-31 16:59:23

Summit Group, Bangladesh’s largest infrastructure conglomerate has contributed BDT 30 million to the Prime Minister's Relief and Welfare Fund to fight the coronavirus pandemic. The Princip...

DSE new index falls 12pc in Q1 amid virus scare

DSE new index falls 12pc in Q1 amid virus scare

Babul Barman 2020-03-31 10:39:23

The newly-introduced 'CNI-DSE Select Index (CDSET)', comprising well performing companies, tumbled 12 per cent in the just three months amid virus outbreak. The Dhaka Stock Exchange launched the inde...

Steady growth in EPS of ACME Laboratories in last five years

Steady growth in EPS of ACME Laboratories in last five years

Mohammad Mufazzal 2020-03-31 10:31:31

The ACME Laboratories registered a steady growth in EPS (earnings per share) during the last five fiscal years riding on increased revenue earnings realised during the period. The 'A' category compan...

Customs houses asked to release limited goods on holidays   

Customs houses asked to release limited goods on holidays  

FE Report 2020-03-31 09:48:16

The country's customs authority will release import-export goods on a 'limited scale' during the general holidays, declared by the government until April 04, to contain the spread of coronavirus. T...

Economists back lifeline for all domestic sectors

Economists back lifeline for all domestic sectors

FHM HUMAYAN KABIR 2020-03-31 09:27:40

Economists on Monday urged the government to provide financial support to local industries and service sectors to help those cushion the impact of the new coronavirus. The Tk 50-billion package for t...

Export sectors to get virus money early next month

Export sectors to get virus money early next month

FE REPORT 2020-03-31 09:22:44

The Ministry of Finance issues a notification today (Tuesday), detailing the modalities of Tk 50-billion stimulus package for the export-oriented industries designed to pay salaries of employees. The...

Customs houses to remain open on holidays

Customs houses to remain open on holidays

-- 2020-03-30 18:04:08

All the customs houses and customs stations will remain open during the government declared general holidays in limited scale. The National Board of Revenue (NBR) on Monday issued an order in this re...

BB asks banks to release foreign exchange of travellers’ cards

BB asks banks to release foreign exchange of travellers’ cards

FE ONLINE REPORT 2020-03-30 13:38:01

The central bank has relaxed its rules of foreign exchange release considering the situation of the travelling card holders stuck abroad due to restrictions arising out of the COVID-19 pandemic. Unde...

BB resumes dollar sale to offset strain on market

BB resumes dollar sale to offset strain on market

SIDDIQUE ISLAM 2020-03-30 09:34:50

The central bank has resumed sale of the US dollar (US$) to banks directly for offsetting extra pressure on the market, caused by lower remittance inflow following the ongoing coronavirus outbreak. A...

95.2pc complaints addressed

95.2pc complaints addressed

Mohammad Mufazzal 2020-03-29 11:39:00

The securities regulator has addressed 95.2 per cent of the total complaints so far made by investors since the introduction of online complaint module. After introduction of Customer Complaints Addr...