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The Financial Express

Search results for: Bangladesh

Eastern Housing’s Q3 EPS almost doubles

Eastern Housing’s Q3 EPS almost doubles

FE ONLINE REPORT 2021-05-30 11:08:27

Eastern Housing, one of the country’s oldest real estate companies, has posted a 96 per cent increase in its third quarter (Q3) earnings for January-March, 2021 compared to the same quarter of t...

Stock market regulatory reforms hailed

Stock market regulatory reforms hailed

Mohammad Mufazzal 2021-05-30 09:28:16

Experts and stakeholders have hailed the regulatory reforms brought in rules and the actions taken against the wrong doers to enhance good governance in the country's capital market. Their evaluation...

OKUP demands budget allocation equivalent to 10pc of remittances

OKUP demands budget allocation equivalent to 10pc of remittances

FE REPORT 2021-05-30 09:07:33

Ovibashi Karmi Unnayan Programme (OKUP) has demanded allocation equivalent to 10 per cent of total remittances, sent by migrant workers annually, in the upcoming national budget for ensuring the welfa...

Fiscal steps likely to make contractors tax-compliant

Fiscal steps likely to make contractors tax-compliant

DOULOT AKTER MALA 2021-05-30 08:53:10

The government is likely to impose fiscal measures in the upcoming budget that is expected to compel the contractors to become tax-compliant in case of realizing their bills, sources said. The contra...

Economists, businessmen for assessing pandemic effects, recasting taxation

Economists, businessmen for assessing pandemic effects, recasting taxation

FE REPORT 2021-05-30 08:35:49

Reforms in the taxation system, proper assessment of the pandemic impact on the economy and optimum utilisation of the stimulus packages remain key to making businesses competitive, stakeholders said...

‘Bangladesh is showcasing its economic rise’   

‘Bangladesh is showcasing its economic rise’  

FE ONLINE REPORT 2021-05-29 20:39:47

“From providing India with Covid relief materials to extending financial help to Sri Lanka in its hour of crisis, Bangladesh has started to showcase its economic rise, ” wrote Indian digit...

Agriculture to get increased subsidy in the upcoming budget

Agriculture to get increased subsidy in the upcoming budget

UNB 2021-05-29 17:53:10

Government subsidies in the upcoming budget for the fiscal year 2021-22 is likely increase by Tk 100 billion with the agriculture sector slated to get the highest allocation, official sources said on...

Sonali Life's IPO subscription begins Sunday

Sonali Life's IPO subscription begins Sunday

FE REPORT 2021-05-29 10:06:22

The IPO subscription of Sonali Life Insurance, the first company under the newly introduced pro-rata basis, will begin tomorrow (Sunday), aiming to raise Tk 190 million under the fixed price method....

Bangladesh's capital machinery imports record remarkable decline

Bangladesh's capital machinery imports record remarkable decline

FHM HUMAYAN KABIR 2021-05-29 09:26:11

The capital machinery import has declined notably in recent months, reflecting the negative impact the Covid-19 is having on the country's economy, analysts said on Friday. Statistics show the capita...

2nd wave of Covid may again widen budget deficit

2nd wave of Covid may again widen budget deficit

JASIM UDDIN HAROON 2021-05-29 08:04:43

Budget deficit has shrunk to some extent in the first nine months of the current fiscal year to March 2021 mainly due to higher revenue receipts. Economists, however, foresee a reversal in the trend...

Kuakata under threat of losing tourism potential due to pollution, mismanagement

Kuakata under threat of losing tourism potential due to pollution, mismanagement

FE ONLINE REPORT 2021-05-28 18:13:19

One of the biggest tourist spots in the country is under threat of plastic and sound pollution due to uncontrolled tourism, according to a report by the Marine Journalists Network. At least 50,000-60...

DSE crosses 5900-mark again on buying spree

DSE crosses 5900-mark again on buying spree

FE ONLINE REPORT 2021-05-27 18:53:57

The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 5,900-mark again on Thursday with its market-cap hit an all-time high as enthusiastic investors put fresh bets on stocks amid high h...

DSEX exceeds 5900-mark at opening

DSEX exceeds 5900-mark at opening

FE ONLINE REPORT 2021-05-27 11:19:17

The market opened sharply higher on Thursday as investors continued to make fresh bets on major sector stocks amid high expectations. Following the previous two days’ big gain, the market wit...

Republic Insurance declares 14pc dividend for 2020

Republic Insurance declares 14pc dividend for 2020

FE Online Report 2021-05-27 09:58:54

The board of directors of Republic Insurance Company has recommended 7.0 per cent cash and 7 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will c...

Most listed MNCs declare hefty dividend

Most listed MNCs declare hefty dividend

BABUL BARMAN 2021-05-27 09:27:04

Most of the listed multinational companies (MNCs) have recommended substantial amount of cash dividends for the year ended on December 31, 2020, maintaining their profit growth. Currently, there ar...

NBR to make fish farming less attractive for tax evaders!

NBR to make fish farming less attractive for tax evaders!

DOULOT AKTER MALA 2021-05-27 09:07:56

The National Board of Revenue (NBR) is likely to impose a higher rate of tax on income from fish farming in the next budget if the earnings exceed a certain ceiling, officials said. The government is...

Bangladesh urged to sign FTA with Malaysia

Bangladesh urged to sign FTA with Malaysia

FE REPORT 2021-05-27 09:03:09

Instead of sticking to the revenue loss issue, Dhaka should sign Free Trade Agreement (FTA) with Kuala Lumpur to attract investment, raise export and ensure jobs of Bangladeshis in Malaysia. This was...

Cap on cash transactions mobile financial services likely

Cap on cash transactions mobile financial services likely

DOULOT AKTER MALA 2021-05-27 08:40:31

The tax authority may impose a limit on cash transactions from merchant accounts through Mobile Financial Services (MFS) in the upcoming fiscal year (FY), sources said. The tax officials would not al...

Ministry proposes import tax on computer, laptop

Ministry proposes import tax on computer, laptop

ISMAIL HOSSAIN 2021-05-27 08:36:11

A ministry has proposed to impose 30-32 per cent tax on the import of computer and laptop to facilitate developing domestic industry, sources said. The Ministry of Telecommunication and ICT has put f...

Bangladesh's imports drop over 10pc in April

Bangladesh's imports drop over 10pc in April

Siddique Islam 2021-05-27 08:27:18

Bangladesh's overall imports dropped by more than 10 per cent or US$509.03 million in April last mainly due to the second wave of the Covid-19 pandemic, bankers said. Settlement of letters of credit...

FE budget webinar calls for additional support to address poverty, inequality

FE budget webinar calls for additional support to address poverty, inequality

FE REPORT 2021-05-27 08:20:51

The budget for the upcoming fiscal year (FY) should have more than usual policy supports designed to deal with the worsening poverty situation and rising income inequality due to Covid-19 pandemic, op...

Pakistan may seek aid from Bangladesh in 2030, former WB Adviser says

Pakistan may seek aid from Bangladesh in 2030, former WB Adviser says

BSS 2021-05-26 17:56:39

Highly praising Bangladesh’s economic growth and expressing concern over Pakistan’s current economic turmoil, a former World Bank (WB) adviser said that Pakistan could be seeking aid from...

Number of unapproved projects halved in next ADP

Number of unapproved projects halved in next ADP

FE REPORT 2021-05-26 09:16:03

The government has incorporated nearly half the last fiscal's unapproved projects in the next annual development programme (ADP) as part of a cautious move amid the Covid-19 pandemic. It has included...

Government's net borrowing target likely at Tk 320 billion

Government's net borrowing target likely at Tk 320 billion

FE REPORT 2021-05-26 08:41:54

The government is set to enhance, by over 50 per cent, the net borrowing target from National Savings Schemes to Tk 320 billion in the new fiscal year, up from the current fiscal's Tk 200 billion, sou...

Dhaka receives higher amount of foreign aid during Covid months

Dhaka receives higher amount of foreign aid during Covid months

FHM HUMAYAN KABIR 2021-05-26 08:37:18

The development partners released US$4.82 billion worth of assistance during the first 10 months of the current fiscal year (FY2020-21), according to official figures. The disbursement was exactly th...

Securities regulator, insurers to explore ways of covering risks

Securities regulator, insurers to explore ways of covering risks

JASIM UDDIN HAROON 2021-05-26 08:24:43

A move is underway to cover the risks associated with fixed-income financial instruments being approved by the securities regulator. The Bangladesh Securities and Exchange Commission (BSEC) has appro...

DSE daily turnover scales Tk 20b-mark again

DSE daily turnover scales Tk 20b-mark again

FE ONLINE REPORT 2021-05-25 16:03:34

Daily trade turnover on Dhaka Stock Exchange (DSE) scaled Tk 20 billion-mark on Tuesday as enthusiastic investors continued to put fresh stakes on stocks amid high hopes. Turnover, a crucial indicato...

27 banks invest Tk 14 billion in stock market special fund

27 banks invest Tk 14 billion in stock market special fund

MOHAMMAD MUFAZZAL 2021-05-25 13:42:34

As many as 27 scheduled banks have so far invested Tk 14 billion in the stock market under the special fund, formed under the central bank's initiative to support the ailing market, officials said. T...

Markets open sharply higher as major sectors soar

Markets open sharply higher as major sectors soar

FE ONLINE REPORT 2021-05-25 10:58:01

The market opened sharply higher on Tuesday like the previous day as investors continued putting fresh bets on major sector stocks amid high expectations. Following the previous day’s big...

Stocks rebound sharply after two-day slump

Stocks rebound sharply after two-day slump

FE ONLINE REPORT 2021-05-24 16:05:28

The market rebounded strongly on Monday, snapping a two-day losing streak, as investors put fresh bets on large-cap stocks amid extended trading hours. Trading time extended by 30 minutes to 2:00pm f...