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The Financial Express

Search results for: Bangladesh

Ambitious, yet the right chord struck

Ambitious, yet the right chord struck

SHAMSUL HUQ ZAHID 2020-06-12 11:37:32

Finance Minister AHM Mustafa Kamal tabled the budget proposals for the financial year (FY) 2020-21 in parliament on Thursday as the Covid pandemic continued to wreak havoc on life and economy. His bu...

Gold price may go down

Gold price may go down

-- 2020-06-11 18:47:14

The price of gold may decline as Finance Minister AHM Mustafa Kamal on Thursday proposed to withdraw the existing 15 per cent VAT on the import of gold bar. In his budget speech at the parliament, Mr...

FY21: Allocation for education sector increased

FY21: Allocation for education sector increased

FE Online Report 2020-06-11 18:40:05

Finance Minister AHM Mustafa Kamal on Thursday increased the budget allocation for education sector to Tk 664 billion in the proposed budget for the fiscal year of 2020-21 (FY21). The finance ministe...

Budget curtailed for food, disaster ministries

Budget curtailed for food, disaster ministries

FE Online Report 2020-06-11 18:23:56

The Parliament has proposed Tk 153.14 billion for the Ministry of Food and Ministry of Disaster Management and Relief, which is 2.7 per cent of the total budget outlay of Tk 5.68 trillion. The propos...

Emphasis on social safety net to minimise impact of COVID-19

Emphasis on social safety net to minimise impact of COVID-19

FE Online Report 2020-06-11 18:22:20

In a bid to enable the poor absorb the shock of COVID-19 impact, the budget for next fiscal (FY21) proposed an allocation of Tk 955.74 billion for the social security sector, which is 16.83 per cent o...

Customs duty on onion import proposed

Customs duty on onion import proposed

FE Online Report 2020-06-11 18:20:42

The government has proposed a small rate of customs duty on onion import to ensure fair market price for local farmers, encouraging onion cultivation and reducing dependency on imports. Finance Minis...

Govt proposes to double source tax to 0.5pc for export items

Govt proposes to double source tax to 0.5pc for export items

FE Online Report 2020-06-11 18:11:03

The government has proposed to double the source tax to 0.5 per cent from existing 0.25 per cent for all export oriented sectors including the readymade garment (RMG) industry for the upcoming fiscal...

Additional 1.0pc export incentive for RMG to continue

Additional 1.0pc export incentive for RMG to continue

-- 2020-06-11 17:30:32

Finance Minister AHM Mustafa Kamal has proposed to continue with the additional export incentive of 1.0 per cent in the next fiscal year in addition to other existing incentives. Placing the proposed...

Govt provides opportunity to whiten black money

Govt provides opportunity to whiten black money

FE Online Report 2020-06-11 17:28:14

Finance Minister AHM Mustafa Kamal has proposed a money legalising opportunity showing undeclared cash, bank deposits, savings certificates, shares, bonds or any other securities without facing any qu...

Govt allows untaxed money in stock market

Govt allows untaxed money in stock market

FE Online Report 2020-06-11 17:15:48

The stock market anticipates a major boost as the government allowed untaxed money to invest in the capital market. People who will avail the facility to invest in securities such as stocks, mutual f...

Finance minister for strong bond market

Finance minister for strong bond market

FE Online Report 2020-06-11 17:09:56

Finance Minister AHM Mustafa Kamal has proposed to introduce the provision of TDS (tax deducted at source) at the time of payment of interest and discount on bonds to make the bond market attractive t...

Tk 645.80b allocated for developing communication infrastructure

Tk 645.80b allocated for developing communication infrastructure

FE Online Report 2020-06-11 17:09:09

The government has proposed to allot Tk 645.80 billion for the development of communication infrastructure in upcoming fiscal year 2020-21. According to sectoral allocation proposed in the budget for...

Tk 2,000 rebate for first time online tax return filers

Tk 2,000 rebate for first time online tax return filers

FE Online Desk 2020-06-11 16:43:50

The proposed national budget for FY 2020-21 has kept a provision of giving a tax rebate of Tk two thousand to all the taxpayers who will file their income tax returns online for the first time. Finan...

Tax-free income limit raised

Tax-free income limit raised

-- 2020-06-11 16:29:39

Finance Minister AHM Mustafa Kamal is planning to increase the threshold of tax-free income for individuals to Tk 300,000 in the national budget for fiscal 2020-21. The proposal outlined in the Tk 5....

Stocks end flat on budget day

Stocks end flat on budget day

FE ONLINE REPORT 2020-06-11 15:28:34

Stocks posted a modest gain on Thursday, as investors are cautiously waiting for the budget announcements before making any further investment decisions. Finance Minister AHM Mustafa Kamal is unveili...

Cabinet approves proposed national budget for FY '21

Cabinet approves proposed national budget for FY '21

-- 2020-06-11 15:11:24

The Cabinet at a special meeting on Thursday approved the proposed national budget for the fiscal year 2020-21. Prime Minister Sheikh Hasina presided over the meeting held at the cabinet room of the...

Finmin places budget in parliament

Finmin places budget in parliament

FE ONLINE DESK 2020-06-11 14:59:21

Finance Minister AHM Mustafa Kamal has presented the upcoming 2020-21 fiscal year's proposed national budget with a record outlay of Tk 5.68 trillion (Tk 568,000 crore), which is 17.9 per cent of GDP,...

Stocks open flat as budget unveil today

Stocks open flat as budget unveil today

FE ONLINE REPORT 2020-06-11 11:41:33

Stocks witnessed almost flat in early trading on Thursday as the investors are closely eyeing on national budget unveiled today. The growing virus tension and the floor price limitation also kept the...

Shahjalal Bank declares 10pc dividend

Shahjalal Bank declares 10pc dividend

FE ONLINE REPORT 2020-06-11 10:43:42

The board of directors of Shahjalal Islami Bank Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The board has also decided to increase t...

BSEC scraps Delta Hospital's IPO

BSEC scraps Delta Hospital's IPO

FE Report 2020-06-11 10:28:36

The securities regulator on Wednesday scrapped the IPO proposal of Delta Hospital as the company is unwilling to go public with 'insufficient' share price determined at the bidding. The decision was...

Return submission may be mandatory for all TIN holders

Return submission may be mandatory for all TIN holders

FE REPORT 2020-06-11 09:57:16

The National Board of Revenue (NBR) is likely to make mandatory the submission of income tax returns for all taxpayers having taxpayers' identification numbers (TIN) with few exceptions from the upcom...

BB’s April, May interest waiver policy issued

BB’s April, May interest waiver policy issued

FE REPORT 2020-06-11 09:47:41

The central bank issued a policy asking banks to waive certain portions of the interest accrued on the outstanding amount of loans during April and May this year, officials said. The entire amount of...

Take bold economic and health safety measures

Take bold economic and health safety measures

FE Report 2020-06-11 09:28:31

A study has suggested the government work on three objectives simultaneously--enforcing strict physical distancing, increased entitlement support, and revamping public health system--- to help prevent...

Tightrope walk for Kamal

Tightrope walk for Kamal

JASIM UDDIN HAROON 2020-06-11 09:26:38

The government unveils the budget for fiscal year 2021 today (Thursday) expanding the social safety-net, but the health sector, as indications are available, is likely to get scanty attention despite...

Budget financing: Bank debt target likely at Tk 880b

Budget financing: Bank debt target likely at Tk 880b

Siddique Islam 2020-06-11 09:23:12

The government is likely to set its bank borrowing target at Tk 880 billion to partly finance the budget deficit for fiscal year 2020-21. A senior official familiar with the public-debt management sa...

Export to Canada grows by 14.53pc in 2019

Export to Canada grows by 14.53pc in 2019

FE Online Report 2020-06-10 20:39:43

Bangladesh’s export to Canada grew by 14.53 per cent in 2019 to 1.97 billion Canadian dollar year-on-year mainly due to the trade privilege provided by the latter. The country fetched CAN$1.72...

Budget 2020-21 expected to include measures to offset COVID-19 impact

Budget 2020-21 expected to include measures to offset COVID-19 impact

-- 2020-06-10 19:32:18

Finance Minister AHM Mustafa Kamal is set to unveil on Thursday the proposed budget for the fiscal year 2020-21 (FY21), which is expected to contain suggestive measures to offset the impact of COVID-1...

Stocks end flat ahead of budget

Stocks end flat ahead of budget

FE ONLINE REPORT 2020-06-10 15:28:32

Stocks witnessed yet another flat session on Wednesday as investors mostly followed cautious stance ahead of national budget and ongoing Covid-19 pandemic. DSEX, the key index of the Dhaka Stock Exch...

JS to go into budget session this afternoon

JS to go into budget session this afternoon

FE Online Report 2020-06-10 12:15:51

The national budget session of the current parliament is going to be held at 5:00 pm today (Wednesday) amid the coronavirus pandemic. The Parliament session will be chaired by the Speaker Dr Shirin S...

Stocks open nearly flat amid dull trading

Stocks open nearly flat amid dull trading

FE ONLINE REPORT 2020-06-10 11:40:44

Stocks remained almost flat in early trading on Wednesday as investors’ concerns over the worsening Covid-19 situation and the floor price limitation kept the market nearly inactive. Within fir...