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The Financial Express

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LafargeHolcim brings new plastering cement

LafargeHolcim brings new plastering cement

Babul Barman 2018-06-09 11:23:09

LafargeHolcim Bangladesh has recently launched new specialised cement for plastering. "Plastered surface will be more durable, less prone to cracks thus requiring less repair and maintenance," Rajesh...

Stocks break six-week losing streak

Stocks break six-week losing streak

FE Report 2018-06-09 11:20:26

Stocks posted marginal gains last week, snapping a six-week losing streak, amid budgetary expectations. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 22.79 points...

CPD opposes corporate tax cut for banks, FIs

CPD opposes corporate tax cut for banks, FIs

FE Report 2018-06-09 10:15:50

A think-tank has opposed the new budgetary proposal for slashing the corporate tax rate of banks and financial institutions (FIs). Such a move, the Centre for Policy Dialogue (CPD) said can no way he...

FICCI finds budget 'highly challenging'

FICCI finds budget 'highly challenging'

FE Report 2018-06-09 10:11:00

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has termed the proposed national budget for the next fiscal year (FY), 2018-2019, 'highly challenging'. In a post-budget reaction on Fr...

Continuation of  tax-free threshold disappoints MCCI

Continuation of tax-free threshold disappoints MCCI

FE Report 2018-06-09 00:48:28

Attaining the increased revenue target for the new fiscal will continue to be a major challenge, despite a rise in the number of tax payers, said a leading chamber. The National Board of Revenue (NBR...

Muhith hopes to achieve budget targets

Muhith hopes to achieve budget targets

-- 2018-06-08 19:46:54

Finance Minister Abul Maal Abdul Muhith has said all targets set in the proposed budget for next fiscal year (2018-19) are achievable. “Whenever we place a budget, then we definitely place it a...

'VAT proposal on online shopping a printing mistake'

'VAT proposal on online shopping a printing mistake'

-- 2018-06-08 16:20:57

The proposal to impose 5 per cent value added tax (VAT) on online shopping was printed mistakenly on the script of finance minister's budget speech. Chairman of National Board of Revenue (NBR) Md Mos...

Budget lacks clarity about source of fund: CPD

Budget lacks clarity about source of fund: CPD

-- 2018-06-08 13:15:50

The Centre for Policy Dialogue (CPD) says the proposed budget lacks clarity about the source of fund and expenditure. It termed the projected revenue unrealistic and pointed out that there is no clea...

Budgetary deficit to soar by 12pc

Budgetary deficit to soar by 12pc

FE Report 2018-06-08 09:56:04

The overall budget deficit is set to widen by nearly 12 per cent in Fiscal Year (FY) 2018-19 as the government's expenditures will exceed revenue income. The deficit is estimated at Tk 1.25 trillion...

Actual budget size shrinks

Actual budget size shrinks

Jasim Uddin Haroon 2018-06-08 09:40:11

The rate of budget implementation in the country has been shrinking gradually over the years, according to government data. This implies that there is an increasing gap between the original budget...

Businesses express mixed reactions

Businesses express mixed reactions

FE Report 2018-06-08 09:35:02

The country's trade body leaders expressed mixed reactions on Thursday over the proposed budget for the next fiscal year (FY), 2018-19. Many of them were disappointed for not lowering corporate tax f...

Economists term the budget 'expansionary'

Economists term the budget 'expansionary'

FE Report 2018-06-08 09:24:49

Prominent economists of the country have termed the latest budget 'expansionary as usual'. It has been formulated keeping in mind the upcoming national election, according to their opinions. They ha...

Interest, subsidy to eat up almost 30pc of revenue budget

Interest, subsidy to eat up almost 30pc of revenue budget

FE Report 2018-06-08 09:18:30

Interest payment and subsidy will eat up almost 30 per cent of the revenue budget for the next fiscal year (FY). Finance Minister AMA Muhith proposed in his budget speech on Thursday an allocation of...

A benign and routine budget

A benign and routine budget

Shamsul Huq Zahid 2018-06-08 09:14:42

As expected, Finance Minister AMA Muhith, on Thursday, in keeping with the past trend, placed even a bigger budget for fiscal year (FY) 2018-19 that appears benign, in terms of tax proposals, and sele...

Budget proposes 2.50pc cut in corporate tax

Budget proposes 2.50pc cut in corporate tax

FE Report 2018-06-07 22:09:15

The government has proposed to cut the corporate tax rates by 2.50 per cent for publicly and non-publicly traded banks, insurance companies and financial institutions (FIs). Placing the national budg...

5.0pc VAT on app-based ride-sharing services

5.0pc VAT on app-based ride-sharing services

-- 2018-06-07 19:36:43

The government has slapped a five per cent VAT on app-based ride-sharing services of the country. The National Board of Revenue (NBR) has issued an SRO in this connection, reports UNB. In the SRO, t...

Inflation target 5.6pc

Inflation target 5.6pc

FE Online Report 2018-06-07 15:37:03

The government has forecasted the inflation rate at a comfortable level of 5.6 per cent in the next financial year (FY) 2018-19.As for the outgoing FY2018, the target rate was revised up to 5.8 per ce...

Govt eyes 10m registered taxpayers by FY23

Govt eyes 10m registered taxpayers by FY23

-- 2018-06-07 15:34:29

Bangladesh aims to raise the number of registered taxpayers to 10 million and increase the number of tax return filers to 8 million by the end of fiscal 2022-23. Finance Minister AMA Muhith announced...

Stocks fall back amid budget declaration

Stocks fall back amid budget declaration

FE Online Report 2018-06-07 15:28:06

Country’s both bourses backed to the red on Thursday, breaking a two-day gaining streak, amid budget declaration day. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell more th...

Govt sets GDP growth at 7.8pc

Govt sets GDP growth at 7.8pc

FE Online Report 2018-06-07 15:21:41

The government has set a 7.8 per cent Gross Domestic Growth (GDP) growth target for the next financial year (FY) 2018-19, aiming to take it on the higher trajectory within next couple of years. The g...

Lower tax for listed banks

Lower tax for listed banks

FE Online Desk 2018-06-07 15:05:54

Finance Minister AMA Muhith has proposed to reduce corporate tax for listed banks, insurance and financial companies, aiming at pulling in investors. Muhith said this while placing the proposed budg...

Muhith placing Tk 4.64 trillion-budget

Muhith placing Tk 4.64 trillion-budget

FE Online Report 2018-06-07 13:13:34

Finance Minister AMA Muhith has been placing the last budget of this government for the fiscal year 2018-19. He started placing the Tk 4.64 trillion-plus budget before the parliament at 12:53 in the...

Markets open higher on budget day

Markets open higher on budget day

FE Online Report 2018-06-07 11:38:53

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Thursday as some investors continued their buying appetite on sectors-wise stocks. Meanwhile, the Fi...

Sluggish DSE turnover hits govt revenue

Sluggish DSE turnover hits govt revenue

Babul Barman 2018-06-07 11:15:50

The government's revenue earnings from the Dhaka bourse fell 27 per cent month-on-month in May this year on the back of falling trade volume and value. Market insiders said the sluggish trading act...

BD Autocars’s share price soaring sans PSI

BD Autocars’s share price soaring sans PSI

FE Report 2018-06-07 11:04:54

Bangladesh Autocars has displayed an 'abnormal' price hike on Dhaka Stock Exchange (DSE) despite there was no undisclosed price sensitive information (PSI). The company's share price has shoot up b...

Plea to keep remittance inflow out of tax net

Plea to keep remittance inflow out of tax net

FE Report 2018-06-07 10:20:07

Non-resident Bangladeshis (NRBs) urged the government to keep their hard-earned money out of the tax net to encourage remittance of their earnings home. The Centre for Non Resident Bangladeshis (Cent...

BB launches term repo for banking system liquidity

BB launches term repo for banking system liquidity

Siddique Islam 2018-06-07 10:08:17

The Bangladesh Bank (BB) introduced a term repurchase agreement (repo) facility for the first time on Wednesday to ensure liquidity in the banking system. Under the term repo, the banks are allowed t...

Muhith set to place Tk 4.64 trillion budget

Muhith set to place Tk 4.64 trillion budget

FE Report 2018-06-07 09:41:04

Finance Minister AMA Muhith is set to unveil the last budget of this government today (Thursday). He is due to start placing the Tk 4.64 trillion-plus budget before Jatiya Sangsad at 12:30 in the aft...

Stocks soar on budgetary hopes

Stocks soar on budgetary hopes

FE Online Report 2018-06-06 15:40:54

Stocks ended higher for the second day in a row on Wednesday amid budgetary expectations. DSEX, the benchmark index of the Dhaka Stock Exchange, finished the day at 5398 points, after posting a ris...

Stocks manage gains ahead of budget

Stocks manage gains ahead of budget

FE Online Report 2018-06-06 12:04:05

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Wednesday as some investors are showing their buying appetite on sectors-wise stocks. Brokers said t...