Search results for: Bangladesh

Petrobangla owes NBR Tk 213b VAT arrears

DOULOT AKTER MALA 2021-08-08 08:42:48

The state-owned Petrobangla has suspended the submission of monthly VAT (value-added tax) returns since December 2020. The oil and gas company owes Tk 213.18-billion VAT arrears to the National Boa...

Import duty on rice to be reduced to 15pc

FE REPORT 2021-08-08 08:28:29

The government has decided to cut the total import duty on rice in a bid to rein in prices of the staple in the local market. Following the instruction of the Prime Minister, the National Board of...

‘COVID-19 takes away 2.26m jobs, increases poverty by 9.0pc’

FE ONLINE REPORT 2021-08-07 21:50:44

Bangladesh’s economy has suffered a setback with 2.26 million jobs lost due to the COVID-19 pandemic, which has battered the world for over one a half years. Dhaka Chamber of Commerce & Ind...

Microloan disbursement rises sharply

FE REPORT 2021-08-07 10:44:13

Both the amount of loan disbursed by micro-finance institutions (MFIs) and the number of microcredit beneficiaries have risen significantly across the country. Some 746 MFIs have been registered with...

Industrial slump drags down GDP, agriculture saves economy

FHM HUMAYAN KABIR 2021-08-07 08:11:20

After more than a decade, Bangladesh's industrial growth collapsed in the fiscal year (FY) 2019-20 in line with the contraction of the country's total economic output during the year, analysts said Fr...

Bangladesh's growth put at 5.47pc last fiscal

FHM HUMAYAN KABIR 2021-08-06 09:09:39

Bangladesh's GDP has plunged severely due to the Covid-19 in the fiscal year (FY) 2019-2020 as the country's gross domestic output expanded at the rate of 3.51 per cent, official data showed. The e...

Bangladesh Bank to mop up idle money

SIDDIQUE ISLAM 2021-08-06 08:42:29

The central bank moves to mop up excess liquidity from the market as private credit squeeze for investment stagnation as against increased money supply bloated banking system. Economists also appre...

Stocks’ record breaking rally continues on DSE

FE Online Report 2021-08-05 16:12:36

Dhaka stocks continued to break their previous records, as all three indices and market-cap of the prime bourse hit a new high on Tuesday. Market experts said stocks kept their record-breaking rall...

Stocks open higher to hit new high

FE ONLINE REPORT 2021-08-05 10:45:03

Stocks opened higher on Thursday, with the key index of the prime bourse hitting a new high, as investors continued to put fresh bets on major stocks amid high expectations. DSEX, the prime index of...

NLI First MF declares record 17.50pc cash dividend

FE ONLINE REPORT 2021-08-05 10:30:02

The Trustee Committee of NLI First Mutual Fund, a closed-end mutual fund, has declared a record 17.50 per cent cash dividend for the year ended on June 30, 2021. The record date is set on August 29...

Leading non-banking financial institutions record higher earnings per share

BABUL BARMAN 2021-08-05 10:26:52

The country's leading listed non-banking financial institutions (NBFIs) bagged higher profits in the first half (H1) of 2021 thanks to lower cost of funds, suspension of loan classification and capita...

Five companies' stocks keep rising sans price sensitive information

FE REPORT 2021-08-05 09:49:44

Five listed companies' stocks are witnessing unusual price hike and an increase in the volume of shares in recent weeks despite no undisclosed price sensitive information (PSI). The companies are Son...

Minister Kamal bins CPD suggestion for checking income source of remiters

FE REPORT 2021-08-05 09:16:41

Finance Minister AHM Mustafa Kamal laughed off a think-tank's strong plea for crosschecking the source of income of remitters who send over US$5,000 at a time, as a robust remittance inflow amid the g...

Bangladesh loses Chinese investment momentum

FHM HUMAYAN KABIR 2021-08-05 08:36:50

Chinese investment bound for new destinations following US-China trade spat bypasses Bangladesh for unattractive bait, analysts say. Vietnam, Bangladesh's inveterate competitor on the global apparel...

No money from stimulus package enters stock market, finance minister says

-- 2021-08-04 19:54:29

Finance Minister AHM Mustafa Kamal has said that remittances and undisclosed money have entered the stock market of the country. “But no money from government’s stimulus package went to t...

Bangladesh's trade in services gap stands at $3b

FE Online Report 2021-08-04 11:52:36

The country’s deficit in trade in services with the rest of the world stood at $3.01 billion in the last fiscal year (FY21). This gap records 17 per cent rise over the previous fiscal year's tr...

Market stakeholders urged not to make comments that create controversies

FE REPORT 2021-08-04 10:35:40

A commissioner of the securities regulator has urged the stakeholders to refrain from making 'illogical' and 'unnecessary' comments which generate debate in the stock market. The commissioner of the...

Bangladesh's trade deficit snowballing as imports far outstrip exports

SIDDIQUE ISLAM 2021-08-04 08:55:51

Trade deficit of Bangladesh widened by nearly 28 per cent in the just-concluded fiscal year for higher import-payment pressure on the economy amid lower receipts from external trade, officials said....

Health ministry worst performer among top 10 budget recipients

FE REPORT 2021-08-04 08:31:51

The health ministry could spend only 58 per cent of the ADP allocation in the last fiscal year (FY), which was the worst among top 10 recipients of the development budget, officials said on Tuesday....

Most banks see earnings per share grow

MOHAMMAD MUFAZZAL 2021-08-04 08:23:04

Most of the listed banks registered hefty growth in EPS for January-June, 2021 compared to same period of the previous year mainly because of suspension of loan classification. Experts and the offi...

DSEX crosses 6500-mark to hit record high

FE Online Report 2021-08-03 15:31:29

The benchmark index of the Dhaka Stock Exchange (DSEX) crossed the 6500-mark for the first time on Tuesday since its inception in eight years back as investors continued their buying spree on major se...

CPD urges for new price index to make inflation estimate practical

FE ONLINE REPORT 2021-08-03 13:06:51

A leading think-tank has suggested developing a new consumption basket for making inflation estimate more realistic and thus set an appropriate monetary target. The Centre for Policy Dialogue (CPD) m...

DSEX crosses 6500-mark at opening

FE ONLINE REPORT 2021-08-03 11:00:32

The prime index of the Dhaka Stock (DSEX) surpassed the 6,500-mark in early trading on Tuesday as investors remained upbeat after the announcement of another expansionary monetary policy statement....

Midas Financing declares 2.5pc cash, 2.5pc stock dividend for 2020

FE ONLINE REPORT 2021-08-03 10:49:44

The board of directors of Midas Financing has recommended 2.50 per cent cash and 2.50 per cent stock dividend for the year ended on December 31, 2020. The board has also decided to hold an extraordin...

Remittance inflow into Bangladesh falls 28pc to $1.87b in July

-- 2021-08-03 08:53:02

The flow of inward remittances dropped significantly in July, following the second wave of the ongoing Covid-19 pandemic, officials said. The inflow of remittances plunged by nearly 28 per cent or US...

Bangladesh Bank launches probe into stimulus loans

SIDDIQUE ISLAM 2021-08-03 08:25:21

A probe gets underway to ascertain whether the Covid stimulus lending follows proper manner and the use of the money from the packages is done for the right purposes, as some faults were already found...

Yields of treasury bonds may decline further

FE ONLINE REPORT 2021-08-02 20:14:11

After facing a big decline in the last fiscal year (FY21), yields of Bangladesh government’s long-term bonds are likely to drop further in the current year. World Government Bond, a virtual pla...

DSEX hits new high after monetary policy

FE ONLINE REPORT 2021-08-02 16:40:19

The key index of the Dhaka Stock Exchange (DSE) reached a new high on Monday as investors showed buying spree after the Bangladesh Bank unveiled another expansionary monetary policy statement. DSEX,...

Stocks open higher after monetary policy statement

FE ONLINE REPORT 2021-08-02 11:12:06

Stocks opened higher on Monday as optimistic investors are showing buying spree on major sector issues after the central bank unveiled an expansionary monetary policy statement. Bangladesh Bank on...

Some 85pc listed banks see profit surge

BABUL BARMAN 2021-08-02 09:59:22

Most of the listed banks logged higher profits year-on-year in the first half (H1) for January-June, 2021 due to higher operating income, lower provisioning and bullish capital market. Of the 31 bank...