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The Financial Express

Search results for: Bangladesh

Stocks nearly flat at open amid low turnover

Stocks nearly flat at open amid low turnover

FE ONLINE REPORT 2020-06-21 11:51:15

Stocks remained almost flat in early trading on Sunday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnant. Wit...

ETF still eludes investors

ETF still eludes investors

Mohammad Mufazzal 2020-06-21 10:39:03

Dhaka Stock Exchange (DSE) is yet to launch the Exchange Traded Fund (ETF) despite the gazette on the rules of this fund was published three years back. The DSE officials said the ETF could not be la...

RMG makers may see fall in export earnings: WTO

RMG makers may see fall in export earnings: WTO

MONIRA MUNNI 2020-06-21 09:26:30

Textile and clothing manufacturers of least-developed countries (LDCs), including Bangladesh, are likely to face a significant fall in export earnings in 2020. The World Trade Organisation (WTO), i...

‘Reform’ key to bankrolling budget

‘Reform’ key to bankrolling budget

FE REPORT 2020-06-21 09:22:58

Carrying out necessary reform in the financial sector and addressing health crisis are crucial to financing the budget while preventing economic growth from tumbling, economists say. They also put em...

World Bank approves over $1b for Bangladesh

World Bank approves over $1b for Bangladesh

-- 2020-06-20 12:14:37

The World Bank has approved $1.05 billion for three projects to help Bangladesh create quality jobs and accelerate economic recovery from the Covid-19 pandemic as well as build resilience to future cr...

Weekly Review: Stocks drift lower, block trade snares 43pc of total turnover

Weekly Review: Stocks drift lower, block trade snares 43pc of total turnover

Babul Barman 2020-06-20 10:05:32

Stocks ended lower in the post-budget week as investors found nothing special for the capital market development in the proposed budget. Week-on-week, DSEX, the key index of the Dhaka Stock Exchange,...

BB eases wiring proceeds from share sales abroad

BB eases wiring proceeds from share sales abroad

Siddique Islam 2020-06-20 09:27:54

The central bank has relaxed regulations allowing non-resident investors to repatriate sales proceeds of their shares in non-listed companies aiming to attract foreign direct investment or FDI in Bang...

Recapitalising SoCBs not good move: Economist

Recapitalising SoCBs not good move: Economist

JASIM UDDIN HAROON 2020-06-20 09:24:26

The government has allocated a significant amount of fund in the proposed budget for fiscal year (FY) 2020-21 to recapitalise the state-owned banks at a time when budget financing remains a big challe...

Stock market badly needs ‘fully IT-based operation’

Stock market badly needs ‘fully IT-based operation’

FE REPORT 2020-06-20 09:23:05

Participants at a webinar on Friday stressed the need for ensuring IT-based market operations and coordination among the regulatory bodies to keep pace with the markets of developed countries and to k...

China grants zero tariff benefits to 5,161 more Bangladeshi products

China grants zero tariff benefits to 5,161 more Bangladeshi products

-- 2020-06-19 10:41:08

China has granted zero tariff treatment for 5,161 more Bangladeshi products in the Chinese market effective from July 1. With the announcement made by the State Council of Ministry of Finance of Chin...

BB slashes CRR to 2.0pc for OBO

BB slashes CRR to 2.0pc for OBO

Siddique Islam 2020-06-19 09:22:17

The central bank has slashed cash reserve ratio (CRR) by 200 basis points to 2.0 per cent only from existing level of 4.0 per cent for the offshore banking operation (OBO) in Bangladesh. Under the...

VAT changes 'disaster' for businesses

VAT changes 'disaster' for businesses

FE REPORT 2020-06-19 09:17:37

Business leaders alleged on Thursday that the changes in VAT measures in the budget have turned the relevant law into a business-unfriendly statute. They said the 2012 VAT law has been transformed in...

COVID-19: Delay in mobilisation of equipment hindering ADP projects

COVID-19: Delay in mobilisation of equipment hindering ADP projects

FE ONLINE REPORT 2020-06-18 20:43:49

Mobilisation of equipment worth Tk 4.0 billion for implementing different development projects has been delayed due to communication disruption amid coronavirus pandemic.     State Min...

Stocks edge down amid growing virus tension

Stocks edge down amid growing virus tension

FE ONLINE REPORT 2020-06-18 14:38:38

Stocks edged lower on Thursday, with turnover remaining below Tk 1.0 billion-mark, amid growing virus tension and dissatisfaction over the proposed budget. DSEX, the key index of the Dhaka Stock...

Stocks slump at open amid low turnover

Stocks slump at open amid low turnover

FE ONLINE REPORT 2020-06-18 11:05:35

Stocks witnessed downward trend in early trading on Thursday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnate. Trading...

BD economy expected to grow 7.5pc in FY2021: ADB

BD economy expected to grow 7.5pc in FY2021: ADB

-- 2020-06-18 10:13:06

Bangladesh's gross domestic product is expected to grow by 4.5 per cent in fiscal year 2020 and 7.5 per cent in fiscal year 2021, according to an Asian Development Bank report. The economy in Banglad...

BD-Bhutan PTA likely by Aug 30

BD-Bhutan PTA likely by Aug 30

FE REPORT 2020-06-18 10:03:04

Preferential Trade Agreement (PTA) between Bangladesh and Bhutan is in the final stage and it is likely to be signed by August next to increase bilateral trade between the two countries. All kinds...

CSE for reduction of corporate tax for listed cos

CSE for reduction of corporate tax for listed cos

FE Report 2020-06-18 09:59:04

Chittagong Stock Exchange (CSE) has made a set of proposals, including reduction of corporate tax for listed companies, for the government's further consideration before finalising the budget for the...

BSEC to withdraw floor price mechanism soon

BSEC to withdraw floor price mechanism soon

FE Report 2020-06-18 09:54:07

The BSEC will withdraw the floor price mechanism soon in a bid to ensure free price movements of stocks. Prof. Md. Mizanur Rahman, a commissioner of the securities regulator, disclosed this while joi...

BB prods banks over stimulus

BB prods banks over stimulus

FE REPORT 2020-06-18 09:38:26

The central bank has asked the commercial banks to take effective measures to implement the government-announced stimulus packages immediately to help revamp the country's overall economic activities....

Experts term proposed budget ‘unrealistic and fictional’

Experts term proposed budget ‘unrealistic and fictional’

FE Online Report 2020-06-17 19:53:55

  Experts term proposed budget ‘unrealistic and fictional’     Experts at a post-budget meeting on Wednesday, termed the proposed budget ‘most unrealistic’ a...

Bourses revise trading hours

Bourses revise trading hours

FE Online Report 2020-06-17 18:34:41

Dhaka Stock Exchange and the Chittagong Stock Exchange have revised the trading hours as banking hours changed due to rising cases of Covid-19 infections and deaths in the country. As per new timing,...

Subscription of CAPITEC-IBBL Shariah Unit Fund to open from July 1

Subscription of CAPITEC-IBBL Shariah Unit Fund to open from July 1

FE Online Report 2020-06-17 16:04:03

Subscription of ‘CAPITEC-IBBL Shariah Unit Fund’, an open-end Shariah compliant mutual fund, is set to begin from July 1, 2020. The initial size of the CEPITEC-IBBL Shariah Unit Fund is T...

Stocks inch higher amid low turnover

Stocks inch higher amid low turnover

FE ONLINE REPORT 2020-06-17 14:52:39

Stocks inched up on Wednesday, with turnover remaining below Tk 1.0 billion-mark, as most of the investors were cautious amid worsening situation of the deadly virus. DSEX, the key index of the Dha...

Stocks open mixed amid sluggish turnover

Stocks open mixed amid sluggish turnover

FE ONLINE REPORT 2020-06-17 11:22:53

Stocks witnessed mixed trend in early trading on Wednesday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnate. Within 30...

Major dev projects need special allocation to tackle Covid-19

Major dev projects need special allocation to tackle Covid-19

MUNIMA SULTANA 2020-06-17 10:38:39

An allocation has been necessary to prevent the spread of coronavirus on the construction sites of major development projects including mega and fast-track ones aiming to keep the progress of those up...

Jamuna Bank to pay 15pc cash dividend

Jamuna Bank to pay 15pc cash dividend

FE Online Report 2020-06-17 10:10:50

The board of directors of Jamuna Bank Ltd has recommended a 15 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a meeting held on Tuesday approved...

NBR may target private staffers' nest egg

NBR may target private staffers' nest egg

Doulot Akter Mala 2020-06-17 09:27:17

Private sector employees, who have received gratuity as retirement benefit in the outgoing fiscal year, may have to pay taxes on it. The National Board of Revenue or NBR has imposed taxes on retirees...

Stocks end nearly flat amid low turnover

Stocks end nearly flat amid low turnover

FE ONLINE REPORT 2020-06-16 16:20:47

Stocks ended almost flat on Tuesday as most of the investors followed cautious stance amid the ongoing virus tension. DSEX, the key index of the Dhaka Stock Exchange, went up by 2.28 points or 0.05 p...

Chittagong Stock Exchange revises Shariah index

Chittagong Stock Exchange revises Shariah index

FE ONLINE REPORT 2020-06-16 15:39:27

The port city bourse, Chittagong Stock Exchange (CSE), has revised its Shariah index CSI based on the performance of the CSE listed companies. The revised Shariah index will be effective from June 28...