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The Financial Express

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Golden Harvest rights issue subscription begins Dec 8

Golden Harvest rights issue subscription begins Dec 8

FE Report 2019-11-24 10:43:32

The subscription period for rights shares of Golden Harvest Agro Industries Ltd. is set to begin on December 08, as the company aims to raise a capital of Tk 899.32 million. The subscription period w...

Most non-life insurers post higher EPS

Most non-life insurers post higher EPS

Babul Barman 2019-11-24 10:34:54

Majority of the listed non-life insurance companies saw higher earnings growth in nine months of 2019, compared to the same period a year earlier. The earnings for the January-September period rose d...

Tax shortfall: Lower import of 10 major items, exemptions blamed

Tax shortfall: Lower import of 10 major items, exemptions blamed

DOULOT AKTER MALA 2019-11-24 10:24:25

Revenue officials have delved into why tax shortfall has hit Tk 149.06 billion during the first quarter of the current fiscal year, missing the target. In a written paper, both customs and VAT wing e...

Foreign debt payment shoots up in first quarter

Foreign debt payment shoots up in first quarter

JASIM UDDIN HAROON and REZAUL KARIM 2019-11-24 09:53:04

The country's external debt payment reached a new high of nearly $500 million in the first quarter (Q1) of this fiscal year. The quarterly debt-servicing data released by the finance division showed...

Weekly review: Major sectors see mixed performance

Weekly review: Major sectors see mixed performance

FE Report 2019-11-23 10:41:57

Dhaka bourse closed the week almost flat following the mixed performance of the major sectors. In last week, many investors re-balanced their portfolios following the quarterly disclosures of the lis...

Sonadia Island's 'virginity' at risk

Sonadia Island's 'virginity' at risk

ABDUL MONAYEM KHAN 2019-11-23 10:38:00

Sonadia Island, a nine-square kilometre small island in the Bay of Bengal, is likely to lose its 'virginity' as the authorities concerned are building an eco-tourism park there, according to local peo...

10 cos snare 23.54pc of total turnover

10 cos snare 23.54pc of total turnover

FE Report 2019-11-23 10:37:01

Top 10 traded stocks captured 23.54 per cent of the total turnover featured by Dhaka Stock Exchange (DSE) in last week. The premier bourse DSE posted a total turnover of above Tk 19.81 billion in f...

Tapping tourism potential crucial to BD economy

Tapping tourism potential crucial to BD economy

SAIF UDDIN 2019-11-23 10:31:52

Despite enormous potential of tourism in Bangladesh, the sector is facing different challenges like inadequate infrastructure, high cost of doing business and lack of branding, according to a study....

Pilot project on Vannamei culture gets govt nod

Pilot project on Vannamei culture gets govt nod

-- 2019-11-23 10:15:24

The crisis-hit shrimp industry, which has seen a gradual fall in exports over the last five years, is now looking for a breakthrough by introducing a new variety called vannamei or white shrimp. Th...

Budget deficit hits 11-yr high in FY ‘19

Budget deficit hits 11-yr high in FY ‘19

JASIM UDDIN HAROON 2019-11-23 09:54:15

The country's budget deficit widened to over Tk 1.1 trillion in the past fiscal year, highest in more than a decade. The imbalance stood at 5.1 per cent of the gross domestic product, or GDP, in fi...

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

FE Report 2019-11-22 12:22:30

The securities regulator has allowed the chiefs of merchant banks to conduct sell-buy of the shares of listed companies. The Bangladesh Securities and Exchange Commission (BSEC) took the decision o...

BB waives PKB from keeping 13pc SLR

BB waives PKB from keeping 13pc SLR

FE REPORT 2019-11-22 12:15:30

The central bank has waived the Probashi Kallyan Bank (PKB) from maintaining the stipulated statutory liquidity ratio (SLR) in line with the existing Banking Companies Act 1991. The state-owned speci...

Online transactions hampered by new credit card rule

Online transactions hampered by new credit card rule

-- 2019-11-21 18:33:40

A new rule requiring customers to obtain a certificate before completing a transaction online is causing people a lot of grief with businessmen in the IT sector suffering in particular. Bangladesh Ba...

Remittance incentives: Conversion of local currency allowed

Remittance incentives: Conversion of local currency allowed

FE Report 2019-11-21 10:44:31

Remitters who will wire $1,500 or equivalent amount of other currencies or Tk 150,000 will be eligible for receiving 2.0 per cent cash incentives without showing any documents. The amount of local cu...

CPD warns of debt-servicing trouble

CPD warns of debt-servicing trouble

FE REPORT 2019-11-21 10:07:50

A think-tank on Wednesday warned that Bangladesh would face debt-servicing problem unless it proceeded with caution while securing foreign loans. "There are many countries who took loans without cons...

BD among top four countries in digital economy growth

BD among top four countries in digital economy growth

BSS 2019-11-20 20:51:37

Bangladesh is one of the top four countries in terms of 'improvement and remarkable growth' in digital economy in the last four years, according to Huawei Global Connectivity Index (GCI) 2019. The in...

Kamal seeks more Turkish investment

Kamal seeks more Turkish investment

-- 2019-11-20 12:37:38

Finance Minister AHM Mustafa Kamal has sought more Turkish investment in various sectors in Bangladesh. The Finance Minister called for the investment at the first day of the Bangladesh-Turkey Joint...

Standard Bank to issue perpetual bond worth Tk 5.0b

Standard Bank to issue perpetual bond worth Tk 5.0b

FE Report 2019-11-20 10:35:22

Standard Bank will raise a capital worth Tk 5.0 billion through issuance of perpetual bond as additional tier-I capital. The company's board of director has taken the decision of raising capital th...

Rise in issuance of T-bonds, bills pushes up yield curves

Rise in issuance of T-bonds, bills pushes up yield curves

JASIM UDDIN HAROON 2019-11-20 10:34:50

The increase in issuance of T-bonds and T-bills propelled their yield curves upward in last fiscal year (FY), 2018-19, according to the Bangladesh Bank (BB) statistics. Yield curve has direct relatio...

NBR gets Tk 3.57b tax on sixth day of fair

NBR gets Tk 3.57b tax on sixth day of fair

FE Report 2019-11-20 10:31:25

The National Board of Revenue (NBR) collected Tk 3.57 billion in tax on Tuesday, the sixth day of the countrywide Income Tax Fair (ITF) 2019, according to a statement. The revenue authority bagged...

BB cuts interest rates on EDF loans to boost exports

BB cuts interest rates on EDF loans to boost exports

FE Report 2019-11-20 10:25:13

The central bank has slashed interest rates on loans under the Export Development Fund (EDF) scheme by 1.0 percentage point to facilitate exporters. As per the revised policy, exporters will now ge...

BB increases home loan limit to Tk 20m

BB increases home loan limit to Tk 20m

-- 2019-11-19 19:35:37

The Bangladesh Bank has increased the maximum limit for home loans to Tk 20 million from Tk 12 million due to rising apartment prices and the purchasing capacity of people. The central bank on Tuesda...

BB slashes interest rate on exporters’ borrowing from EDF

BB slashes interest rate on exporters’ borrowing from EDF

-- 2019-11-19 18:04:39

The central bank has slashed the interest rate on loans from its Export Development Fund (EDF) by 1.0 percentage point to boost exports. From now, the EDF interest rate would be the six-month dollar...

FRB NY to give BB technical support

FRB NY to give BB technical support

SIDDIQUE ISLAM 2019-11-19 10:39:53

The Federal Reserve Bank (FRB) of New York has expressed willingness to provide technical assistances to the Bangladesh Bank (BB) for mitigating its operational risks. A four-member delegation, led b...

NBR collects Tk 3.11b on fifth day of income tax fair

NBR collects Tk 3.11b on fifth day of income tax fair

BSS 2019-11-18 19:52:22

The National Board of Revenue (NBR) has collected Taka 3.11 billion on Tuesday, the fifth day of the weeklong income tax fair. On the day, a total of 1,06,200 people submitted their income tax return...

Eastern Housing approves 20pc cash dividend

Eastern Housing approves 20pc cash dividend

FE Online Desk 2019-11-18 13:09:06

The 55th Annual General Meeting of Eastern Housing Limited was held at RAOWA Convention Hall, Mohakhali, Dhaka recently. The AGM was presided over by Manzurul Islam, Chairman of Eastern Housing Ltd....

PM seeks larger UAE investment in Bangladesh

PM seeks larger UAE investment in Bangladesh

-- 2019-11-18 11:43:21

Prime Minister Sheikh Hasina on Sunday sought both public and private investment from the UAE in larger volume in potential sectors such as RMG, IT, agriculture and special economic zones in Banglades...

BSEC halts Shepherd Industries' move

BSEC halts Shepherd Industries' move

FE Report 2019-11-18 10:33:14

The securities regulator has halted the execution of the Shepherd Industries' decision of purchasing the shares of another company 'Shepherd Jeans' by the assets of the former. The securities regul...

'Real-time' audit by CAG can help check fiscal anomalies

'Real-time' audit by CAG can help check fiscal anomalies

FE REPORT 2019-11-18 09:49:14

Collaboration among accountability organisations, including Comptroller and Auditor General (CAG), Anti-Corruption Commission (ACC), parliamentary committees and civil society organisations, can ensur...

Earnings of many textile cos down

Earnings of many textile cos down

Mohammad Mufazzal 2019-11-17 10:39:21

The EPS (earnings per share) of majority number of listed textile companies declined while some eight others incurred loss in the last fiscal year (FY) compared to previous FY. On the other hand, som...