Loading...
The Financial Express

Search results for: Bangladesh

Dutch-Bangla Bank’s profit surges 59pc in Q1

Dutch-Bangla Bank’s profit surges 59pc in Q1

FE ONLINE REPORT 2020-06-10 11:28:33

Dutch-Bangla Bank Ltd’s profit after tax surged 59 per cent year-on-year in the first quarter (Q1) for January-March, 2020. The board of directors of the bank in a meeting held on Tuesday, amon...

BSEC rejects Dragon Sweater's rights offer

BSEC rejects Dragon Sweater's rights offer

FE REPORT 2020-06-10 09:51:21

Bangladesh Securities and Exchange Commission (BSEC) has rejected the rights share offer of Dragon Sweater and Spinning Ltd. The securities regulator issued a letter to the company on June 3 in thi...

Regulator asks bourses to fully digitalise trading platforms

Regulator asks bourses to fully digitalise trading platforms

FE Report 2020-06-10 09:41:45

The securities regulator has asked both the bourses to set work plans for transforming the trading platforms into completely digitalised ones to avoid trade disruptions during any kind of pandemic i...

Fiscal measure to upset car owners

Fiscal measure to upset car owners

Doulot Akter Mala 2020-06-10 09:34:12

The National Board of Revenue or NBR is set to increase tax on private car owners and the import of onion in the budget for the upcoming fiscal year. It may also offer a string of tax-break facilitie...

Govt takes Tk 113b from state-run power, gas entities

Govt takes Tk 113b from state-run power, gas entities

M AZIZUR RAHMAN 2020-06-10 09:26:51

The government has taken around Tk 113 billion (11,300 crore) from different state-run power and gas entities over the past several months during the coronavirus pandemic. The Ministry of Finance (Mo...

Budget FY21: TIB against provision of whitening black money

Budget FY21: TIB against provision of whitening black money

-- 2020-06-09 21:34:17

Transparency International Bangladesh (TIB) on Tuesday urged the government not to keep any provision of whitening of black money in the forthcoming national budget in the name of creating employment...

Dhaka stocks edge up amid sluggish turnover

Dhaka stocks edge up amid sluggish turnover

FE ONLINE REPORT 2020-06-09 15:30:17

Stocks edged up on Tuesday when the turnover dipped below Tk 1.0 billion-mark again as investors mostly followed cautious stance ahead of the national budget and ongoing Covid-19 pandemic. DSEX, the...

Current account deficit drops in July-April

Current account deficit drops in July-April

FE ONLINE REPORT 2020-06-09 13:49:12

Despite a moderate rise in the country’s merchandise trade deficit with the rest of the world in the first 10 months of the current fiscal year (FY20), the current account deficit dropped modest...

BD growth to slow to 1.6pc in FY 20: WB

BD growth to slow to 1.6pc in FY 20: WB

FE ONLINE DESK 2020-06-09 12:07:28

The World Bank has predicted that Bangladesh’s GDP (gross domestic product) growth will markedly slow to 1.6 per cent in the fiscal year (FY) 2019-20, which ends this June. The Washington-based...

Stocks open on slow trend amid low turnover

Stocks open on slow trend amid low turnover

FE Online Report 2020-06-09 11:40:12

Stocks witnessed a modest gain in early trading on Tuesday as investors are concerned over the worsening Covid-19 situation and the floor prices mechanism which kept the market almost inactive. Withi...

LankaBangla Finance declares 12pc dividend

LankaBangla Finance declares 12pc dividend

FE ONLINE REPORT 2020-06-09 11:23:43

The board of directors of LankaBangla Finance Ltd has recommended 7.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will co...

Square Pharma’s EPS surges 16pc in Q3

Square Pharma’s EPS surges 16pc in Q3

FE Online Report 2020-06-09 10:41:02

Square Pharmaceuticals Ltd’s consolidated earnings per share (EPS) surged 16 per cent year-on-year in third quarter (Q3) for January-March, 2020. The board of directors of the company in a meet...

Stipulated IPO price: Walton Hi-Tech seeks 10pc additional discount

Stipulated IPO price: Walton Hi-Tech seeks 10pc additional discount

FE Report 2020-06-09 10:20:41

Walton Hi-Tech Industries has made a proposal of issuing IPO shares with 10 per cent additional discount on stipulated price considering the interest of the capital market and small investors. The co...

BEA proposes Tk 13.97t alternative budget

BEA proposes Tk 13.97t alternative budget

FE REPORT 2020-06-09 10:11:43

Bangladesh Economic Association (BEA), a professional body of economists, on Monday proposed an alternative budget amounting to Tk 13.97 trillion or 2.47 times higher than the existing budget. The si...

BD to get WB's $250m budgetary aid in June

BD to get WB's $250m budgetary aid in June

FHM Humayan Kabir 2020-06-09 09:51:38

Bangladesh is likely to receive US$250 million budgetary support from the World Bank (WB), as the Washington-based lender might approve the assistance next week, officials said on Monday. The WB bo...

Budget for FY'21: Penal tax likely on fake investment, misinvoicing

Budget for FY'21: Penal tax likely on fake investment, misinvoicing

Doulot Akter Mala 2020-06-09 09:24:16

The government may impose penal tax at a rate of 50 per cent on the amount involved in misinvoicing and fake investment in the upcoming budget (FY 2020-21). The penal tax in the case of misinvoicing...

BB governor’s highest age limit to increase by two years

BB governor’s highest age limit to increase by two years

-- 2020-06-08 20:20:21

The highest age limit of the governor of the central bank will be increased to 67 years from existing 65 years. The cabinet approved in principle the draft of “The Bangladesh Bank (Amendment) A...

Parliament gets Tk 3.35b budget for FY21

Parliament gets Tk 3.35b budget for FY21

-- 2020-06-08 17:16:34

The Parliament Secretariat Commission on Monday approved a Tk 3.35 billion budget for Parliament to spend on its development and non-development expenditures for the next fiscal year (FY21). The appr...

Stocks slip back into red

Stocks slip back into red

FE ONLINE REPORT 2020-06-08 14:48:55

Stocks slipped back into the red on Monday, after a single-day break, as investors mostly followed a cautious stance amid the ongoing virus scare. DSEX, the key index of the Dhaka Stock Exchange, wen...

Baraka Power’s net profit jumps 51pc in nine months

Baraka Power’s net profit jumps 51pc in nine months

FE ONLINE Report 2020-06-08 10:35:49

The net profit of Baraka Power Ltd rose more than 51 per cent year-on-year in the nine months for July, 2019 to March, 2020. The board of directors of the company in a meeting on Sunday approved the...

Listed banks can now disburse cash dividend

Listed banks can now disburse cash dividend

FE REPORT 2020-06-08 10:14:00

The central bank has now allowed the listed banks to disburse cash dividend for 2019 to individual investors (local and foreign) within September 30. The Bangladesh Bank (BB) issued a circular to thi...

Time to start multi-pronged initiatives to weather fallout

Time to start multi-pronged initiatives to weather fallout

FE REPORT 2020-06-08 09:50:08

Speakers at a programme on Sunday suggested a host of measures to help the country's economy weather Covid-19 fallout. The measures include mid- and long-term plans to generate new employment opportu...

Budget for FY '21: Govt set to target $2,326 per-capita income

Budget for FY '21: Govt set to target $2,326 per-capita income

FHM Humayan Kabir 2020-06-08 09:43:48

The government is going to raise the country's per capita income target by $153 to US$2,326 in the next fiscal, despite the economic impact of the coronavirus pandemic, officials said on Saturday. Th...

Achieving tax target tall order, says CPD

Achieving tax target tall order, says CPD

FE REPORT 2020-06-08 09:30:29

Achieving the tax collection target set by the National Board of Revenue or NBR for fiscal year 2020-21 is "impossible," analysts said calling the goal "unrealistic." They made the remarks while spea...

‘Transition of stimulus packages should be transparent’

‘Transition of stimulus packages should be transparent’

-- 2020-06-07 23:06:37

World Bank Country Director Mercy Miyang Tembon has said the transition of stimulus packages, announced to minimise the impact of COVID-19 pandemic, should be transparent. She also suggested enhancin...

Stocks post modest gains, snapping four-day losing streak

Stocks post modest gains, snapping four-day losing streak

FE ONLINE REPORT 2020-06-07 15:26:46

Stocks on both the bourses posted modest gains on Sunday, snapping a four-day losing streak, as some investors showed their buying binge on selective categories. DSEX, the key index of the Dhaka Stoc...

Growth rate may come down to 2.50pc: CPD

Growth rate may come down to 2.50pc: CPD

FE Online Report 2020-06-07 14:07:54

Centre for Policy Dialogue (CPD), a leading think-tank of the country, projected that the growth rate of Gross Domestic Product (GDP) would be 2.50 per cent in the current fiscal year (FY20) due to th...

Stocks post slight gain at open amid low turnover

Stocks post slight gain at open amid low turnover

FE Online Report 2020-06-07 11:40:20

Stocks on both the bourses witnessed a slight gain trend at opening on Sunday despite investors’ concerns over the worsening COVID-19 situation and the floor prices mechanism kept the market alm...

RN Spinning Mills decides to reduce paid-up capital

RN Spinning Mills decides to reduce paid-up capital

FE Online Report 2020-06-07 10:31:27

The board of directors of RN Spinning Mills has decided to reduce its paid-up share capital by issuing 1 share against existing 7 shares (7:1) of Tk 10 each to the existing shareholders. The reductio...

Health experts, economists for lockdown, curfew

Health experts, economists for lockdown, curfew

FE REPORT 2020-06-07 10:13:07

Health experts and economists have urged the government to impose a strict lockdown along with a curfew for at least a month to contain the spread of COVID-19. They said one or two weeks' lockdown wo...