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The Financial Express

Search results for: Bangladesh

HeidelbergCement downgraded to ‘Z’ category

HeidelbergCement downgraded to ‘Z’ category

FE Online Report 2020-05-31 14:21:08

HeidelbergCement Bangladesh will be placed in ‘Z’ category from existing ‘A’ category with effect from Monday as the company has recommended ‘no’ dividend due to in...

Delta Hospital’s cut-off price fixed at Tk 11 each

Delta Hospital’s cut-off price fixed at Tk 11 each

FE Online Report 2020-05-31 12:46:48

The cut-off price of Delta Hospital Ltd’s shares has been fixed at Tk 11 through electronic bidding by eligible institutional investors. The Dhaka Stock Exchange (DSE) on Sunday disclosed the c...

Stocks up at open as trading resumes after 66-day break

Stocks up at open as trading resumes after 66-day break

FE Online Report 2020-05-31 11:27:35

Stocks on both the bourses witnessed an upward trend in the early hour of trading Sunday as trading resumed after a hiatus of more than two months. Trading and settlement activities on the bourses re...

NCC Bank postpones recommended dividend

NCC Bank postpones recommended dividend

FE Online Report 2020-05-31 11:05:39

The board of directors of National Credit and Commerce Bank has postponed the recent dividend recommendation for the year ended on December 31, 2019, said an official disclosure on Sunday. The board...

Reopening will worsen coronavirus crisis: Mansur

Reopening will worsen coronavirus crisis: Mansur

-- 2020-05-31 10:59:13

Economic researcher Ahsan H Mansur has warned of socioeconomic instability and an eroding public trust in the government as Bangladesh is set to reopen offices and resume public transport system after...

BSEC meets BB tomorrow

BSEC meets BB tomorrow

Mohammad Mufazzal 2020-05-31 10:39:00

The securities regulator will sit with the Bangladesh Bank (BB) tomorrow (Monday) to strengthen coordination between the two regulators for further development of capital market and money market. "Bo...

Govt expects economy to rebound next fiscal

Govt expects economy to rebound next fiscal

FE REport 2020-05-31 09:25:51

The government is set to project the GDP growth rate for the fiscal year 2021 at 8.2 per cent, pinning its hope mainly on possible surge in domestic demand, powered by consumption and investment, offi...

ADB provides assistance to augment COVID-19 facilities in BD

ADB provides assistance to augment COVID-19 facilities in BD

FE Online Report 2020-05-30 14:27:55

The Asian Development Bank (ADB) is providing US$231,178 grant to augment novel corona virus disease (COVID-19) related facilities in 134 urban primary health centres, also called Nogor Swastho Kendro...

IMF approves $732m for Bangladesh

IMF approves $732m for Bangladesh

FE Online Report 2020-05-30 11:28:45

The IMF Executive Board approved Friday US$ 732 million emergency assistance for Bangladesh under the Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) to address the challenges posed b...

Tk 18b cut from three projects

Tk 18b cut from three projects

MUNIMA SULTANA 2020-05-30 09:38:51

The government has cut the demand for more than Tk 18 billion from three major projects, including the Padma Bridge scheme, to tackle the coronavirus pandemic in Bangladesh. According to officials, t...

NBR misses revenue target until April

NBR misses revenue target until April

DOULOT AKTER MALA 2020-05-30 09:31:38

The National Board of Revenue (NBR) lagged behind its revised target by 26.29 per cent until April due to an economic slowdown caused by the COVID-19 pandemic. The tax-collecting authorities have fac...

Pandemic saps BD economic strengths   

Pandemic saps BD economic strengths  

JASIM UDDIN HAROON 2020-05-30 09:21:09

The economy's almost all major indicators have dipped, drained by sluggish economic activities in the wake of shutdowns aimed at stemming the spread of coronavirus. Remittances, exports, imports, i...

COVID-19: Govt so far announces $11.90b stimulus packages

COVID-19: Govt so far announces $11.90b stimulus packages

-- 2020-05-29 19:38:58

The government has so far announced a set of stimulus packages worth around $11.90 billion (Taka 1.011 trillion to offset the COVID-19 shock on various sectors of the country and minimise the sufferin...

Online job posting drops by 87pc in April: ADB

Online job posting drops by 87pc in April: ADB

FE ONLINE REPORT 2020-05-29 18:50:47

The number of job postings on online job portals in Bangladesh dropped by 87 per cent in April this year, compared to same month of previous year, due to COVID-19 pandemic. The Asian Development Bank...

Linking four linear segments in Budget '21

Linking four linear segments in Budget '21

DEBAPRIYA BHATTACHARYA 2020-05-29 10:27:25

It is a severe understatement when one says that formulating Bangladesh's budget for the next one year -- while the stressed economy is reeling under growing, yet uncertain, devastating impact of the...

NBR on the hunt as tax shortfall looms

NBR on the hunt as tax shortfall looms

Doulot Akter Mala 2020-05-29 10:08:34

The National Board of Revenue, or NBR, has stepped in to bring the tax defaulters, who owe over Tk 0.5 million to the government, under its scanner. The income tax department of the board has instruc...

Govt cuts investment ceiling in postal savings bank by two-thirds

Govt cuts investment ceiling in postal savings bank by two-thirds

SYFUL ISLAM 2020-05-29 09:22:07

The government has cut the investment ceiling in postal savings instruments by two thirds taking into consideration their high interest rate, officials have said. From now on, for both term and ordin...

Bangladesh stock exchanges to resume Sunday, after two-month shutdown

Bangladesh stock exchanges to resume Sunday, after two-month shutdown

-- 2020-05-28 17:54:36

Bangladesh’s two stock exchanges will resume trading and settlement on Sunday, ending a two-month shutdown over the coronavirus outbreak, as the regulator has approved the bourses’ plan to...

Jt initiative of Amar Foods, Esho Shobai

Jt initiative of Amar Foods, Esho Shobai

FE Online Desk 2020-05-28 12:43:26

It all started in the early hours of Eid day. School teacher Abdur Rahman from Sadullahpur, Gaibandha was utterly surprised by the unique gesture of receiving EID essential groceries from Amar Fo...

Fashion brands that 'exploit' BD suppliers face blacklisting

Fashion brands that 'exploit' BD suppliers face blacklisting

Thomson Reuters Foundation 2020-05-28 12:07:17

Bangladeshi manufacturers said on Wednesday that they would blacklist Western fashion brands that “exploit” them by failing to pay their bills due to the new coronavirus crisis, days after...

Power Grid Company’s EPS up 11.5pc in nine months

Power Grid Company’s EPS up 11.5pc in nine months

-- 2020-05-27 19:11:42

Power Grid Company of Bangladesh’s earnings per share (EPS) rose 11.5 per cent year-on-year in nine months for July, 2019 to March, 2020. The board of directors of the company in a virtual meet...

HSBC provides ‘Thank You’ lunch to COVID-19 healthcare providers 

HSBC provides ‘Thank You’ lunch to COVID-19 healthcare providers 

FE Online Desk 2020-05-27 18:10:22

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh in partnership with The Ministry of Civil Aviation & Tourism and Bangladesh Red Crescent Society reached out to 3000 he...

Embassy of Bangladesh, Beijing rejoinder

Embassy of Bangladesh, Beijing rejoinder

FE Online Desk 2020-05-27 12:32:18

The Bangladesh Embassy in Beijing, China has sent a rejoinder to a news item published on the The Financial Express (Online) on May 23, 2020 under the headline ‘China exit: Japanese firms keen o...

DSE market-cap to GDP ratio remains low in region

DSE market-cap to GDP ratio remains low in region

FE Online Report 2020-05-26 11:22:03

The ratio of the Dhaka Stock Exchange’s market-cap to the GDP remained low in the region amid lack of listing of new big issues and price erosion of large-cap companies. The present market capi...

BEXIMCO forays into US with 6.5m PPE gowns

BEXIMCO forays into US with 6.5m PPE gowns

FE Online Desk 2020-05-25 17:36:31

In a landmark, Bangladesh joined the select group of countries that manufacture world-class, large-scale Personal Protective Equipment (PPE) by shipping 6.5 million PPE gowns to US brand Hanes, for ul...

Pandemic robs stock investors’ Eid festivity

Pandemic robs stock investors’ Eid festivity

FE ONLINE REPORT 2020-05-25 11:03:19

Kamrul Hossain, a stock investor who lives at Gopibagh in Dhaka, celebrated Eid-ul-Fitr in 2019 with an enthusiastic and festive mood with his family. He bought new dresses for all six members of the...

Tradings on bourses resume May 31 after 66-day

Tradings on bourses resume May 31 after 66-day

FE Online Report 2020-05-24 18:13:35

Tradings on both the stock exchanges are set to resume from May 31, after a 66-day break, due to Covid-19 pandemic. Trading and settlement activities will resume on the day even if the countrywide ge...

BAPLC greets new chairman of BSEC

BAPLC greets new chairman of BSEC

FE Online Report 2020-05-24 17:07:47

Bangladesh Association of Publicly Listed Companies (BAPLC) leaders greeted Professor Shibli Rubayat Ul Islam on assuming his office as the chairman of Bangladesh Securities and Exchange Commission (B...

China exit: Japanese firms keen on moving to BD

China exit: Japanese firms keen on moving to BD

FE ONLINE REPORT 2020-05-23 12:16:11

At least 34 Japanese companies operating in China have shown interest to relocate their units to Bangladesh. The embassy of Bangladesh in Beijing informed the development to the ministry of foreign a...

RAK Ceramic's net profit drops 18pc in Q1

RAK Ceramic's net profit drops 18pc in Q1

FE Report 2020-05-23 10:16:40

The net profit of RAK Ceramics (Bangladesh) fell more than 18 per cent year-on-year in the first quarter (Q1) for January-March, 2020 due to lower sales amid ongoing pandemic. The board of director...