Search results for: Bangladesh

NBR chairman in favour of special tax benefits to prevent money laundering

-- 2020-11-30 23:27:19

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said ‘special tax benefits’ can be given to those who are laundering money abroad for fear of paying taxes in the c...

Dominage Steel to make debut on Wednesday

FE ONLINE REPORT 2020-11-30 18:49:22

Dominage Steel Building Systems will make its shares trading debut on Wednesday on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) under ‘N’ category. The board of dire...

NBR extends deadline for tax returns until Dec 31

FE ONLINE REPORT 2020-11-30 16:46:41

The National Board of Revenue (NBR) has extended the deadline for tax return submission by individual taxpayers until December 31. The NBR Chairman Abu Hena Md Rahmatul Munim on Monday said the deadl...

Olympic to import new machinery worth Tk 420m

FE ONLINE REPORT 2020-11-30 12:05:14

Olympic Industries Limited has decided to import new types of machinery at an estimated cost of Tk 420 million to produce new premium varieties of Cracker and Hard Dough Biscuits to meet the growing d...

Bourses open lower as investors remain cautious

FE ONLINE REPORT 2020-11-30 11:13:23

Stocks on both the bourses witnessed a downward trend in the early trading on Monday amid slow movement of indices as investors mostly followed a cautious approach. Following the previous four days&r...

BSEC chief asks asset management companies to restore investors' confidence

FE Report 2020-11-30 10:22:16

The chairman of the securities regulator has asked the asset management companies (AMCs) to ensure their due role in turning the mutual funds (MFs) into safe investment tools. The chairman of the B...

Bonds to be made tradable through beneficiary owners' accounts

FE REPORT 2020-11-30 09:47:50

A high-profile meeting on Sunday decided to take steps to make all kinds of bonds, including Treasury bond (T-bond), tradable through investors' BO (beneficiary owner's) accounts by removing existing...

Regulator to scan non-life insurers' bank accounts

SYFUL ISLAM 2020-11-30 08:37:29

The insurance regulator is set to scrutinise the bank accounts of all non-life insurers as part of its efforts to protect the interests of the policyholders and establish good governance in the compan...

National Income Tax Day on Monday

-- 2020-11-29 19:12:04

The ‘National Income Tax Day-2019’ will be observed on Monday across the country aiming to create awareness among the people for payment of income tax regularly. The National Board of Rev...

Insurance shares lift markets higher

FE ONLINE REPORT 2020-11-29 16:42:09

Stocks extended the winning streak for the fourth straight session on Sunday amid volatile trading as investors continued their bargain hunting on sector-specific stocks. DSEX, the core index of the...

Private external debt drops in FY20

FE Online Report 2020-11-29 11:53:57

External debt to the country’s private sector declined in the past fiscal year (FY20) mainly due to the outbreak of Covid-19. Statistics available with Bangladesh Bank showed that outstanding s...

Stocks witness positive trend on BSEC move

FE ONLINE REPORT 2020-11-29 11:32:03

Stocks witnessed a positive trend in early trading on Sunday as bargain hunters remained active on the sector-specific issues. Following the previous week’s modest correction, the Dhaka Stock E...

Dhaka's foreign aid receipt up by about 20pc in July-Oct

FE REPORT 2020-11-28 10:26:15

Bangladesh's foreign aid inflow boosted in the first four months of the current fiscal year (FY), 2020-21, as the development partners disbursed 19 per cent higher funds than the corresponding period...

Bangladesh starts sending workers abroad

ARAFAT ARA 2020-11-28 08:41:08

Bangladesh has started sending workers abroad with jobs after months of uncertainty triggered by the Covid-19 pandemic. The Bureau of Manpower, Employment and Training (BMET) data showed that a total...

Supply chains of contract manufacturers to be more traceable thru VAT guideline

FE REPORT 2020-11-27 10:40:09

The contract manufacturers will enjoy a simplified VAT process for the production and supply of goods under a new guideline. The National Board of Revenue (NBR) issued the guideline on Tuesday to hel...

Deadline for disbursing stimulus money among smaller enterprises extended

SIDDIQUE ISLAM 2020-11-27 09:43:05

The central bank has extended the deadline further to implement the stimulus package for cottage, micro, small and medium enterprises (CMSMEs) from November 30 to December 31. It has also relaxed reg...

Dhaka-Thimphu to ink PTA deal next month, says Bhutanese envoy

-- 2020-11-26 20:38:29

Bhutan will sign the Preferential Trade Agreement (PTA) with Bangladesh in December to further enhance trade and commerce between the two countries. "All necessary works on the PTA have been complete...

BSEC searches for billions in unclaimed, undistributed dividends

-- 2020-11-26 19:06:08

Bangladesh Securities and Exchange Commission (BSEC) has begun searching for billions of Takas in unclaimed and undistributed dividends announced by the listed companies for their investors. The capi...

Switzerland keen to deepen economic ties with Bangladesh, says envoy

UNB 2020-11-26 18:21:26

Switzerland wants to strengthen and widen its ties with Bangladesh to explore ‘amazing potential’ together as Bangladesh is set to celebrate its 50 years of independence next year with Vis...

Stocks extend gaining streak for third day

FE Online Report 2020-11-26 16:04:08

Stocks posted a marginal gain on Thursday, extending the winning streak for third straight sessions, as bargain hunters continued their buying binge on sector-specific stocks. DSEX, the core index of...

Dhaka weighs possibility of joining RCEP, but chance little

SYFUL ISLAM 2020-11-26 12:35:51

Bangladesh's inclusion in the Regional Comprehensive Economic Partnership (RCEP) and the Association of Southeast Asian Nations (ASEAN) would be an uphill task, given the high tariff gap between Dhaka...

GQ Ball Pen declares 5.0pc cash dividend only for general investors

FE ONLINE REPORT 2020-11-26 11:49:36

The board of directors of GQ Ball Pen Industries has recommended 5.0 per cent cash dividend for the general shareholders excluding sponsors/directors for the year ended on June 30, 2020. The sponsors...

Private port to handle bulk cargoes to facilitate trade with India

Doulot Akter Mala 2020-11-26 10:36:35

The National Board of Revenue (NBR) has allowed Summit Alliance Port Limited (SAPL) to handle exports and imports of bulk and non-containerised cargoes to facilitate bilateral trade with India. Fro...

Dictated credit, lack of bad borrowers' data blamed for swelling NPL

FE REPORT 2020-11-26 10:27:14

Bankers and academicians have cited overfinancing, dictated credit, lack of sufficient information and database of bad borrowers as key reasons for rising non-performing loan (NPL) in Bangladesh. B...

Regulator threatens listed companies to recast boards

FE REPORT 2020-11-26 09:59:18

The securities regulator will restructure the boards of the listed companies if the sponsor-directors fail to hold minimum 30 per cent shares jointly by November 30, 2020. The Bangladesh Securities a...

New alliance launched to help Bangladeshi farmers thrive

FE Online Report 2020-11-25 17:11:08

Farm entrepreneurswill be able operate through ‘Better Life Farming’ centres, which will provide agri-inputs, crop advisory and market linkages under one roof to smallholder farmers. Laun...

Stocks extend winning streak for second straight sessions

FE ONLINE REPORT 2020-11-25 16:41:10

Stocks extended the winning streak for the second straight sessions on Wednesday as bargain hunters continued their buying binge on insurance sector issues. DSEX, the benchmark index of the Dhaka Sto...

Bangladesh’s forex reserves cross $41b again

FE Online Report 2020-11-25 12:55:56

Bangladesh’s foreign exchange (forex) reserves crossed the US$41 billion-mark again on Wednesday following lower import payment obligations and higher growth of inward remittance. The forex res...

Golden Son declares dividend after three years

FE ONLINE REPORT 2020-11-25 12:26:43

The board of directors of Golden Son Ltd has recommended a 2.5 per cent cash dividend for general shareholders, excluding sponsors/directors for the year ended on June 30, 2020. The last time Golden...

Non-tariff barriers may be discussed at Indo-Bangladesh talks

MIR MOSTAFIZUR RAHAMAN 2020-11-25 10:02:11

Foreign Secretary (FS) Masud Bin Momen is scheduled to visit Delhi on December 9 to join Bangladesh-India FS-level talks, which will mainly focus on the upcoming meeting between the prime ministers of...