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The Financial Express

Search results for: Bangladesh

Re-financing scheme: Loan disbursement time may be extended until December

Re-financing scheme: Loan disbursement time may be extended until December

REZAUL KARIM 2020-08-25 09:55:23

The period of loan disbursement by the banks concerned under the central bank's 'special incentive re-financing scheme for the agriculture sector' is likely to be extended until December next, sourc...

DSCC identifies 19 new sectors for collecting tax

DSCC identifies 19 new sectors for collecting tax

FE REPORT 2020-08-25 09:52:43

The authority of the Dhaka South City Corporation (DSCC) has identified 19 new areas for gearing up its revenue collection efforts for fiscal year 2020-21 (FY '21) aiming to provide better services to...

FRC warns against doctoring financials

FRC warns against doctoring financials

FE REPORT 2020-08-25 09:30:17

Financial watchdog has again warned against cooking up company financials. The Financial Reporting Council (FRC) said it will take tougher action as per the act if the practice is not stopped immedia...

Uttara Finance declares 20pc dividend

Uttara Finance declares 20pc dividend

FE ONLINE REPORT 2020-08-24 11:04:02

The board of directors of Uttara Finance and Investments Ltd has recommended 15 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The final approval will come dur...

Stocks open down

Stocks open down

FE ONLINE REPORT 2020-08-24 10:59:31

Stocks witnessed a downward trend in early trading on Monday as risk-averse investors are booking quick-gain on sector-wise issues. Following the previous two days’ flat ending, the Dhaka Stock...

Corporate governance: Listed cos seek code revision

Corporate governance: Listed cos seek code revision

FE REPORT 2020-08-24 09:29:29

The Bangladesh Association of Publicly Listed Companies (BAPLC) has urged the securities regulator to revise some corporate governance codes, including the appointment of managing director (MD) or c...

Govt eyes 30m jobs by 2030

Govt eyes 30m jobs by 2030

MONIRA MUNNI 2020-08-24 09:19:37

The government has drafted a policy aiming to create about 30 million fresh jobs by 2030, officials say. The policy, first of its kind, has put emphasis on employment based on subjects and sectors wi...

Inflation drops owing to low consumption amid pandemic

Inflation drops owing to low consumption amid pandemic

-- 2020-08-23 21:15:40

Bangladesh began FY21 with a drop in inflation and a researcher believes low consumption due to the coronavirus pandemic pushed the key indicator down. Point-to-point general inflation fell to 5.53 p...

JICA to implement a food value chain development project

JICA to implement a food value chain development project

-- 2020-08-23 17:25:42

The Japan International Cooperation Agency (JICA) will implement a food value chain development project at a cost of about Taka 8.82 billion to process agricultural products and expand agribusiness in...

Stocks end another flat session

Stocks end another flat session

FE ONLINE REPORT 2020-08-23 15:41:19

Stocks ended another flat session on Sunday amid a choppy trading as late hours sell-offs wiped out all the early gains. DSEX, the key index of the DSE, saw a fractional loss of 0.85 point or 0.02 pe...

BSEC won't put quality IPO proposals on ice

BSEC won't put quality IPO proposals on ice

MOHAMMAD MUFAZZAL 2020-08-23 11:48:13

The securities regulator has adopted a policy of clearing the quality IPO (initial public offering) proposals within shortest possible timeframe to facilitate timely implementation of issuer's busines...

Better business environ needed to attract FDI

Better business environ needed to attract FDI

FE REPORT 2020-08-23 09:58:49

Disparity between local and foreign investors, a lack of improved business environment and corruption, among others, are key barriers to attracting foreign direct investment (FDI). Speakers, stretchi...

NBR decides to conduct internal survey this yr

NBR decides to conduct internal survey this yr

DOULOT AKTER MALA 2020-08-23 09:43:22

The National Board of Revenue (NBR) has decided to conduct this year internal survey involving different government agencies to net in new taxpayers, instead of the door-to-door survey carried out ear...

Financial sector clocks lower growth in FY'20

Financial sector clocks lower growth in FY'20

FHM HUMAYAN KABIR 2020-08-23 09:33:51

All the financial sub-sectors recorded decline in their growth rates in the immediate past fiscal year (FY 2019-20). The sub-sector (monetary intermediation) had the worst time in many years. Overall...

Nominal wage growth continues to decline

Nominal wage growth continues to decline

FE Online Report 2020-08-22 13:45:51

Country’s combined nominal wage rate of agriculture, industry and services in the last fiscal year (FY20) increased by the slowest pace in the last five years. Wage Rate Index (WRI), released b...

Ten most-traded stocks grab 27pc transaction

Ten most-traded stocks grab 27pc transaction

FE REPORT 2020-08-22 10:38:15

Ten most-traded stocks grabbed more than 27 per cent transactions on the Dhaka Stock Exchange (DSE) in the outgoing week while the pharma sector dominated the turnover board. Market operators said in...

Weekly review: Stocks stay afloat amid growing optimism

Weekly review: Stocks stay afloat amid growing optimism

BABUL BARMAN 2020-08-22 10:33:14

Stocks kept the gaining streak for the ninth straight week as buoyant investors continued their appetite on large-cap issues riding on the regulator's recent steps to ensure accountability of the mark...

BB backs Basic Bank's stance

BB backs Basic Bank's stance

SYFUL ISLAM 2020-08-22 10:13:15

Bangladesh Bank (BB) has endorsed a stance of Basic Bank not to reschedule the loans, taken through fraudulent acts, by paying 2.0 per cent down payment, officials said. "The board of directors of...

Pandemic wreaks havoc on jobs, pay

Pandemic wreaks havoc on jobs, pay

Monira Munni and Saif Uddin 2020-08-22 10:02:04

Hundreds and thousands have lost their jobs while many others faced wage cuts due to the adverse impact of Covid-19 pandemic on all sorts of economic activities, according to available information. R...

Islami Bank approves 10pc cash div

Islami Bank approves 10pc cash div

FE DESK REPORT 2020-08-21 10:41:05

The 37th annual general meeting (AGM) of Islami Bank Bangladesh Limited was held online on Thursday, said a statement. Professor Md. Nazmul Hassan, Ph.D, Chairman of the bank, presided over the meeti...

Lub-rref gets nod to determine cut-off price for raising funds

Lub-rref gets nod to determine cut-off price for raising funds

FE Report 2020-08-21 10:20:46

The securities regulator has allowed Lub-rref (Bangladesh) Ltd to determine its cut-off price required to raise funds from the capital market under the book building method. The approval was given...

Kamal urges banks to embrace digital tech

Kamal urges banks to embrace digital tech

FE REPORT 2020-08-21 09:49:31

Finance minister AHM Mustafa Kamal has exhorted both public and private banks to use digital financial inclusion to take services to customers' doorsteps through an easy and safer mode. "I'm hopeful...

TF formed to fight fake audit reports

TF formed to fight fake audit reports

FE REPORT 2020-08-21 09:44:39

The Central Intelligence Cell (CIC) has set up a task force (TF) to curb submission of fake audit reports by corporate taxpayers to taxmen. The team of intelligence officials will also ensure submiss...

NRBs can now invest in 'open-end mutual funds'

NRBs can now invest in 'open-end mutual funds'

FE REPORT 2020-08-21 09:33:01

Foreign investors and non-resident Bangladeshis can now invest in 'open-ended mutual fund' through Non-resident Investors Taka Account (NITA), according to a circular issued by the Bangladesh Bank (BB...

Banks' excess liquidity hits record Tk 1.40t

Banks' excess liquidity hits record Tk 1.40t

SIDDIQUE ISLAM 2020-08-21 09:30:09

Banks' excess liquidity hit the all-time high of around Tk 1.40 trillion in June, fuelled by the government's higher borrowing from the country's banking system to partly meet its budget deficit. L...

Stocks end nearly flat amid technical glitch

Stocks end nearly flat amid technical glitch

FE ONLINE REPORT 2020-08-20 16:04:19

Stocks ended almost flat on Thursday amid choppy trading as investors continued to suffer due to slow load of the Dhaka Stock Exchange (DSE) new website. DSEX, the key index of the DSE, went up by 3....

Bourses extend trading time by 15 minutes for today

Bourses extend trading time by 15 minutes for today

FE ONLINE REPORT 2020-08-20 14:40:22

The country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) have extended the trading time by 15 minutes for today (Thursday). “This is to inform all...

Bangladesh receives record foreign loans in pandemic

Bangladesh receives record foreign loans in pandemic

-- 2020-08-20 14:34:28

The government received a record 1.98 billion US dollar in loans from donor countries and agencies in June amid the coronavirus (COvid-19) pandemic. The previous highest total foreign loans in a mont...

Investors continue suffer for slow DSE website

Investors continue suffer for slow DSE website

FE ONLINE REPORT 2020-08-20 13:41:01

Stock investors continued to suffer on Thursday as they are unable to access information on time as the website of the Dhaka Stock Exchange (DSE) was slow to load. Investors and stockbrokers alleged...

Express Insurance to make debut Aug 24

Express Insurance to make debut Aug 24

FE REPORT 2020-08-20 13:35:48

Express Insurance Ltd will make its debut trading on August 24 (Monday) on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange under ‘N’ category. The DSE trading code for Expres...