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The Financial Express

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Nine public sector banks hold 27pc assets, deposits in banking sector

Nine public sector banks hold 27pc assets, deposits in banking sector

UNB 2021-03-13 20:00:07

Nine public sector banks including three specialised banks still hold about 27 per cent of deposits and assets in the banking sector while 50 private commercial banks (PCB) including foreign ones hold...

Mercantile Bank declares 10pc cash, 5.0pc stock dividend

Mercantile Bank declares 10pc cash, 5.0pc stock dividend

FE REPORT 2021-03-13 09:59:42

The board of directors of Mercantile Bank Ltd has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come du...

Bangladesh government moves on loans for left-out smaller firms

Bangladesh government moves on loans for left-out smaller firms

Ismail Hossain 2021-03-13 08:59:31

The government has started a move to include the small and medium enterprises, which have been left out of the benefit of the government's Covid-19 stimulus for the CMSME sector, in a database to help...

Bangladesh aims to raise productivity rate to face global competition

Bangladesh aims to raise productivity rate to face global competition

TALHA BIN HABIB 2021-03-12 13:09:10

The government has prepared a master plan to increase the country's productivity rate in a bid to face the competitive global market, an official said. Under the move, the Ministry of Industries (MoI...

Axe falls on Bangladesh budget following revenue slump

Axe falls on Bangladesh budget following revenue slump

DOULOT AKTER MALA 2021-03-12 11:19:33

The government has downsized the national budget by 5.28 per cent to Tk 5.38 trillion for the current fiscal year, compelled by a significant shortfall in tax collection as the fallout of COVID-19. T...

Stocks inch higher after bumpy ride

Stocks inch higher after bumpy ride

FE Online Report 2021-03-11 17:22:22

Stocks posted a marginal gain on Thursday after high volatility as investors were active on both sides of the trading fence amid ongoing corporate declarations of December-end companies. The market m...

LankaBangla Finance declares 12pc cash dividend

LankaBangla Finance declares 12pc cash dividend

FE ONLINE REPORT 2021-03-11 12:03:02

The board of directors of LankaBangla Finance has recommended 12 per cent cash dividend for the year ended on December 31, 2020. The annual general meeting (AGM) will be held on April 29 at 11:00 am...

Stocks inch higher amid volatility

Stocks inch higher amid volatility

FE ONLINE REPORT 2021-03-11 11:24:25

Stocks inched higher on Thursday with volatility as investors were active on both sides of the trading fence. Following the previous two days’ moderate correction, the Dhaka Stock Exchange and...

Two insurers declare dividend for 2020

Two insurers declare dividend for 2020

FE Online Report 2021-03-11 11:13:49

The board of directors of two insurance companies – Reliance Insurance and United Insurance – have recommended dividends for the year ended on December 31, 2020, according to separate offi...

Shahjalal Islami Bank declares 12pc dividend

Shahjalal Islami Bank declares 12pc dividend

FE ONLINE REPORT 2021-03-11 10:33:41

The board of directors of Shahjalal Islami Bank has recommended 7.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The annual general meeting (AGM) will be hel...

Desh Insurance publishes IPO lottery results

Desh Insurance publishes IPO lottery results

FE REPORT 2021-03-11 10:11:29

Desh General Insurance will allocate 16 million ordinary shares among the successful applicants as the company's IPO lottery draw was held Wednesday. The initial public offering (IPO) lottery event...

Securities regulator for introducing e-voting system

Securities regulator for introducing e-voting system

FE Report 2021-03-11 10:09:33

The securities regulator has asked the listed companies to introduce e-voting system apart from existing physical system of casting votes by the shareholders at general meetings. To this effect, th...

Half of Bangladesh's internal migrants jobless: SANEM survey

Half of Bangladesh's internal migrants jobless: SANEM survey

FE REPORT 2021-03-11 09:02:52

About 49 per cent of the pandemic-hit internal migrants returned to their roots last year for massive job cuts, non-payment of wages and decreased salary. According to a SANEM survey, 14 per cent of...

Banking law deters taxmen from accessing depositors' data

Banking law deters taxmen from accessing depositors' data

FE REPORT 2021-03-11 08:24:50

The Banking Secrecy Act is preventing taxmen from obtaining depositors' data by establishing connectivity with the lenders, the head of the revenue board said. Speaking at a pre-budget discussion on...

Stocks post marginally lower for second straight session on Wednesday

Stocks post marginally lower for second straight session on Wednesday

FE ONLINE REPORT 2021-03-10 16:31:03

Stocks posted marginally lower for the second straight session on Wednesday as risk-averse investors opted for booking profits on quick-gaining stocks. DSEX, the prime index of the Dhaka Stock Exchan...

World Bank approves $120m to help Bangladesh improve food security

World Bank approves $120m to help Bangladesh improve food security

-- 2021-03-10 13:29:37

The World Bank has approved 120 million US dollars to help Bangladesh improve food security by enhancing climate resilience and productivity of irrigated agriculture and fisheries. The Climate-Smart...

Stocks fall marginally at opening

Stocks fall marginally at opening

FE ONLINE REPORT 2021-03-10 12:07:05

Stocks witnessed a downward trend in early trading on Wednesday as risk-averse investors opted for booking profits on the quick-gaining stocks. Following the previous day’s marginal correction,...

IPO quota for general investors to be enhanced

IPO quota for general investors to be enhanced

FE Report 2021-03-10 09:31:44

The securities regulator is set to enhance the IPO quota for general investors aiming to facilitate their greater access to such facility. To this effect, the Bangladesh Securities and Exchange Commi...

Stock market regulator, central bank parley on March 15

Stock market regulator, central bank parley on March 15

FE REPORT 2021-03-10 09:29:28

The securities regulator will hold a meeting with a delegation of the Bangladesh Bank (BB) on March 15 to ensure more coordination between the regulatory bodies for the sake of the capital market. Th...

Bangladesh's trade deficit widens

Bangladesh's trade deficit widens

FE Report 2021-03-10 08:22:28

The country's trade deficit has widened by 1.50 per cent or US$145 million in the first seven months of the current fiscal year (FY) because of rising import payment pressure on the economy, officials...

MCCI alleges higher ‘effective’ tax rates hurt businesses

MCCI alleges higher ‘effective’ tax rates hurt businesses

FE Report 2021-03-10 08:17:06

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, on Tuesday alleged withholding taxes were denying the corporate taxpayers the benefits of the cut in their tax rate, made effective in...

Streamlined transport connectivity with India may raise Bangladesh’s national income by 17pc, World Bank says

Streamlined transport connectivity with India may raise Bangladesh’s national income by 17pc, World Bank says

-- 2021-03-09 17:21:29

Smooth transport connectivity between India and Bangladesh has the potential to increase national income by as much as 17 per cent in Bangladesh and 8.0 per cent in India, says a World Bank repor...

Stocks slip into red on Tuesday snapping three-day winning streak

Stocks slip into red on Tuesday snapping three-day winning streak

FE ONLINE REPORT 2021-03-09 16:09:09

Stocks slipped into the red on Tuesday, snapping a three-day winning streak, as risk-averse investors opted for booking profits on quick-gaining stocks. The market moved between positive and negative...

Golden Harvest to enter fast growing E-commerce business

Golden Harvest to enter fast growing E-commerce business

FE ONLINE REPORT 2021-03-09 11:32:36

The board of directors of Golden Harvest Agro Industries, a listed company in the stock market, has decided to invest in the fast-growing E-commerce sector. Under the E-commerce sector business, Gold...

Stocks down marginally at opening

Stocks down marginally at opening

FE ONLINE REPORT 2021-03-09 11:24:29

Stocks witnessed a downward trend in early trading on Tuesday as risk-averse investors opted for booking profits on the quick-gaining stocks. However, Lub-rref (Bangladesh), a local lubricant produce...

Lub-rref's profit climbs 13pc in July-December

Lub-rref's profit climbs 13pc in July-December

FE REPORT 2021-03-09 09:09:09

Lub-rref (Bangladesh), a local lubricant producer, posted higher profits for the July-December period of 2020 just before its debut on the stock market. Lub-rref logged profits of Tk 86.61 million fo...

NBR cautions field-level VAT officials about data tempering

NBR cautions field-level VAT officials about data tempering

DOULOT AKTER MALA 2021-03-09 09:04:54

The National Board of Revenue (NBR) has now decided to initiate legal proceedings against field-level VAT officials if they are found involved in tampering with the data of Electronic Fiscal Device...

Proactive move for listing good companies emphasised

Proactive move for listing good companies emphasised

FE REPORT 2021-03-09 08:56:53

The securities regulator has asked the merchant bankers to play a proactive role to ensure listing of more companies with good fundamentals to enhance depth of the country's capital market. The regul...

Bangladesh-India trade talks turn barren

Bangladesh-India trade talks turn barren

SYFUL ISLAM 2021-03-09 08:17:40

Bangladesh's proposals have received a lukewarm response from the Indian side at the bilateral meeting on trade issues held in Dhaka on Monday. Dhaka could not derive any concrete result from the m...

DSEX exceeds 5,600-mark after one month

DSEX exceeds 5,600-mark after one month

FE ONLINE REPORT 2021-03-08 15:57:11

The benchmark index of the Dhaka Stock Exchange (DSE) crossed the ‘psychological’ threshold of 5,600-mark on Monday after a month as the market ended higher for the third straight session....