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The Financial Express

Search results for: Bangladesh

Beximco Pharma’s Q3 profit rises 62.38pc, partly on vaccine fees

Beximco Pharma’s Q3 profit rises 62.38pc, partly on vaccine fees

-- 2021-05-02 15:45:51

Beximco Pharmaceuticals Ltd’s net profit rose 62.38 per cent year-on-year in the January-March quarter, partly riding on its income from vaccine distribution in Bangladesh. In a stock exchange...

Stocks rise at opening amid eased virus worries

Stocks rise at opening amid eased virus worries

FE ONLINE REPORT 2021-05-02 11:10:21

Stocks opened higher on Sunday as bargain hunters showed their buying appetite riding on the regulatory move and better than expected corporate declarations by some companies. The market opened highe...

Seven more listed cos declare dividends

Seven more listed cos declare dividends

FE ONLINE REPORT 2021-05-02 10:26:40

The board of directors of seven more listed companies, including two banks, have recommended a dividend between 2.0 per cent and 20 per cent for the year ended on December 31, 2020. The companies are...

Dhaka, Delhi need much stronger framework for future economic ties, says Debapriya

Dhaka, Delhi need much stronger framework for future economic ties, says Debapriya

-- 2021-05-01 17:24:29

Distinguished Fellow at the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya has said Bangladesh and India need a “much more robust framework” for their future economic relations...

Reckitt Benckiser declares record 1400pc cash dividend

Reckitt Benckiser declares record 1400pc cash dividend

FE REPORT 2021-05-01 10:48:26

Reckitt Benckiser, a UK-based listed multinational company, has declared 1400 per cent cash dividend for the year 2020 as the company earned record profit, thanks to the boom in disinfectant business...

Government unlikely to meet bank borrowing target this fiscal

Government unlikely to meet bank borrowing target this fiscal

SIDDIQUE ISLAM 2021-05-01 09:41:17

The government's bank borrowing target is unlikely to be achieved by the end of this fiscal year (FY) due to lower implementation of the annual development programme (ADP) caused by the ongoing Covid-...

Bangladesh's fiscal space, deficit set to take a hit

Bangladesh's fiscal space, deficit set to take a hit

JASIM UDDIN HAROON 2021-05-01 09:39:37

The ongoing 'lockdown', enforced to curb Covid infections and fatalities, is set to cut the country's economic growth prospects for the current financial year (FY 2020-21). The economy was in a recov...

'Bangladesh has to make doing business easy'

'Bangladesh has to make doing business easy'

OUR CORRESPOMDENT 2021-04-30 10:59:18

CHATTOGRAM: After its United Nations status graduation in 2026, Bangladesh may lose most of the preferential trade benefits from countries and blocs of its main export destinations if the South Asian...

Small businesses count on next budget to stay afloat

Small businesses count on next budget to stay afloat

-- 2021-04-29 15:29:28

Hit hard by the second wave of the Covid-19 pandemic, Bangladesh's small and medium enterprises (SMEs) are now pinning hopes on the upcoming budget to stay afloat. Not to mention that the survival of...

Govt’s 7.4pc growth projection ‘highly optimistic’, says CPD

Govt’s 7.4pc growth projection ‘highly optimistic’, says CPD

FE Online Report 2021-04-29 12:32:20

A leading think-tank today (Thursday) terms the government’s forecast that the country’s economy would grow by 7.40 per cent in the current fiscal year (FY21) ‘a highly optimistic pr...

Stocks soar at opening amid high turnover

Stocks soar at opening amid high turnover

FE ONLINE REPORT 2021-04-29 11:12:17

Stocks opened higher on Thursday as bargain hunters showed their buying appetite riding on the regulatory move and expected corporate declaration by some listed companies. The market opened on a posi...

BSEC moves to facilitate renewal of PPAs with listed power companies

BSEC moves to facilitate renewal of PPAs with listed power companies

Mohammad Mufazzal 2021-04-29 11:09:37

The securities regulator has moved to facilitate the renewal of the power purchase agreements (PPAs) earlier signed between the government and some listed power companies. The officials of the Bangla...

22-member high powered body formed to tackle LDC graduation challenges

22-member high powered body formed to tackle LDC graduation challenges

FE REPORT 2021-04-29 10:49:54

The Prime Minister's Office (PMO) has formed a high-powered committee to find out the possible challenges of the country after graduating from the least developed country (LDC) in 2026 and overcome...

Standard Bank declares 2.5pc cash, 2.5pc stock dividend

Standard Bank declares 2.5pc cash, 2.5pc stock dividend

FE ONLINE REPORT 2021-04-29 10:43:38

The board of directors of Standard Bank has recommended 2.5 per cent cash and 2.5 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during...

Tk 12.93b sought for paying tax for widening 54km road

Tk 12.93b sought for paying tax for widening 54km road

FHM HUMAYAN KABIR 2021-04-29 10:41:54

The Roads and Highways Department (RHD) has sought to spend Tk 12.93 billion as tax and VAT for widening a 54km road with support from the Indian Line of Credit (LoC) in eastern Bangladesh, insiders h...

Heidelberg Cement declares 20pc cash dividend

Heidelberg Cement declares 20pc cash dividend

FE ONLINE REPORT 2021-04-29 10:28:11

The board of directors of Heidelberg Cement Bangladesh has recommended 20 per cent cash dividend for the year ended on December 31, 2020, out of funds available for appropriation. The final approval...

GDP growth to pick up on stimulus, says ADB

GDP growth to pick up on stimulus, says ADB

-- 2021-04-28 14:11:43

Bangladesh, which weathered the pandemic better than most economies in South Asia, will continue to grow strongly as exports pick up. The country’s GDP growth is projected to accelerate 6.8 per...

Islami Bank declares 10pc cash dividend for 2020

Islami Bank declares 10pc cash dividend for 2020

FE ONLINE REPORT 2021-04-28 13:12:21

The board of directors of Islami Bank Bangladesh has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual ge...

AB Bank to issue rights share to strengthen equity capital

AB Bank to issue rights share to strengthen equity capital

FE ONLINE REPORT 2021-04-28 11:23:11

The board of directors of AB Bank has recommended for issuance of rights share for strengthening the equity capital base of the Bank at a sustainable level. Rights shares are issued to the company&rs...

Marico Bangladesh declares 200pc final cash dividend

Marico Bangladesh declares 200pc final cash dividend

FE ONLINE REPORT 2021-04-28 11:21:16

The board of directors of Marico Bangladesh has recommended a 200 per cent final cash dividend for the year ended on March 31, 2021. Thus, the multinational company declared a total of 900 per cent c...

Stocks rise marginally at opening

Stocks rise marginally at opening

FE ONLINE REPORT 2021-04-28 11:06:28

The market opened marginally higher on Wednesday after a sharp decline in the previous day as bargain hunters showed buying appetite riding on regulatory moves. The stock market regulator has allow...

Sonali Life's IPO subscription opens May 30

Sonali Life's IPO subscription opens May 30

FE REPORT 2021-04-28 10:30:41

The IPO subscription of Sonali Life Insurance Company will open from May 30, aiming to raise Tk 190 million under the fixed price method. The life insurer's initial public offering (IPO) subscripti...

Execution of directive on margin loan interest cap deferred till January next

Execution of directive on margin loan interest cap deferred till January next

FE REPORT 2021-04-28 10:21:00

The securities regulator has deferred the implementation of its directive regarding the cap on margin loan interest for another six months until January 1, 2022, considering the interest of the invest...

Yields on Bangladesh Government Treasury Bonds drop notably

Yields on Bangladesh Government Treasury Bonds drop notably

Siddique Islam 2021-04-28 10:14:01

The yield on Bangladesh Government Treasury Bonds (BGTBs) dropped significantly on Tuesday, as the commercial banks preferred to invest their excess funds in the securities due to the ongoing lockdown...

IDRA bans issuance of handwritten or printed paper receipts

IDRA bans issuance of handwritten or printed paper receipts

Raihan M Chowdhury 2021-04-28 10:11:26

Insurance Development and Regulatory Authority of Bangladesh (IDRA) has introduced a digital e-receipt service aimed at putting an end to the issuance of handwritten or printed paper receipts issued b...

Tax revenue soars 22.65pc in March

Tax revenue soars 22.65pc in March

DOULOT AKTER MALA 2021-04-28 09:54:15

Tax revenue collection in the month of March registered a hefty 22.65 per cent growth despite Covid-19 pandemic thanks to a surge in import of goods. According to data of the National Board of Revenu...

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

-- 2021-04-27 11:14:57

A boost in e-commerce business fuelled by the trend of staying home amid the coronavirus pandemic has generated jobs in the sector while other areas of the economy are struggling to cope up with the s...

Stocks fall sharply at opening

Stocks fall sharply at opening

FE ONLINE REPORT 2021-04-27 11:07:12

The market tumbled at the opening on Tuesday amid growing concern over the Covid-19 pandemic that ravaged India. The market fell sharply as soon as the market opened the DSEX, the prime index of the...

BSEC appoints two independent directors at Agni Systems

BSEC appoints two independent directors at Agni Systems

FE REPORT 2021-04-27 10:38:32

The stock market regulator has appointed two independent directors to Agni Systems in compliance with mandatory shareholding rules as the company's sponsor-directors failed to hold minimum 30 per ce...

Crystal Insurance to pay 10pc cash dividend for 2020

Crystal Insurance to pay 10pc cash dividend for 2020

FE ONLINE REPORT 2021-04-27 10:25:01

Crystal Insurance Company, which was listed on the stock market in December 2020, has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the divide...