Search results for: Bangladesh

CPD recommends increasing tax-free income threshold

-- 2020-05-09 18:23:07

The Centre for Policy Dialogue (CPD) has recommended to increase the tax-free income threshold level from Tk 250,000 to Tk 350,000 and not keeping the provision of black money whitening facility in th...

Aarong to reopen selected outlets with special health safety measures Sunday

FE Online Desk 2020-05-09 17:37:22

  A selected number of Aarong outlets are scheduled to reopen on Sunday (10 May), following the approval by the government for shops and markets to resume business after a shutdown lasting for o...

LafargeHolcim's net profit surges 46pc in quarter one

FE Report 2020-05-09 09:56:14

LafargeHolcim Bangladesh's net profit surged 46 per cent year-on-year to Tk 522.8 million in the first quarter for January-March, 2020 despite ongoing Covid-19 pandemic. The board of directors of t...

Eight banks declare total Tk 9.11b cash dividends

Babul Barman 2020-05-09 09:45:59

Eight listed banks declared aggregate cash dividends amounting to Tk 9.11 billion for the year ending on December 31, 2019 amid the ongoing Covid-19 pandemic. Of the 30 banks, listed on the Dhaka S...

Low debt distress makes BD less vulnerable: IIF

JASIM UDDIN HAROON 2020-05-09 09:22:09

Bangladesh is less vulnerable to the COVID-19 pandemic as its debt-related risks are in a safe zone. The Washington-based IIF reached the conclusion while analysing 73 poor economies, which may need...

Grameenphone announces more initiatives and contributions to combat Covid-19

FE Online Desk 2020-05-08 16:36:33

Grameenphone announces a series of initiatives and contributions to stand by its commitment in supporting frontline health professional heroes, customers, and its retailers fighting the on-ground COVI...

IPDC net profit drops 5.47pc in Q1

FE Report 2020-05-08 14:21:34

IPDC Finance's net profit dropped 5.47 per cent year-on-year to Tk 150 million in first quarter for January-March, 2020 as operating expenses increased. The net profit of the first non-bank financial...

Export earnings fall over 82pc in April

FE Online Report 2020-05-08 12:27:49

The country’s single month merchandise shipments in April this year witnessed 82.85 per cent negative growth to only US$520.01 million, the lowest during the current fiscal year, according to da...

Budget: MNOs suggest tax policy reform for telecom sector

FE Report 2020-05-08 09:29:58

The country's Mobile Network Operators (MNOs) have called upon the tax authority to bring in reforms in the tax policy for telecommunication industry to reap more benefit from them, according to the M...

Business relief package : Govt asks state banks to speed up process  

FE REPORT 2020-05-08 09:24:28

The ministry of finance on Thursday asked all state-owned banks to start procedures immediately for the implementation of relief packages the government offered to help businesses cushion the pandemic...

Pharma cos remain unfazed despite the onslaught of COVID-19

Mohammad Mufazzal 2020-05-07 10:02:29

Listed pharmaceuticals companies are expecting a growth in their earnings for January-March (Q3) as their productions, distributions and sales have almost remained 'unaffected' amid COVID-19 pandemic....

Uncertainty looms large over suspended interest

JASIM UDDIN HAROON 2020-05-07 09:32:17

Banking experts are divided over the latest central bank circular centring the suspension of interest on all types of loans for the months of April and May. Some tend to argue that the decision has c...

80pc low-income people see less earnings in one month

FE Report 2020-05-07 09:20:20

More than 80 per cent of rural and low-income population in the country experienced a decrease in earnings from February to March due to COVID-19 pandemic, according to a survey. Some 93 per cent of...

BAPLC for not changing category of listed companies

Mohammad Mufazzal 2020-05-07 00:42:43

Bangladesh Association of Publicly Listed Companies (BAPLC) has urged the securities regulator not to change the category of listed companies upon their failure in declaring or disbursing dividend at...

Disburse money from virus stimulus package quickly, FBCCI chief urges banks

FE Online Desk 2020-05-06 23:24:42

FBCCI on Wednesday urged the country’s banks to take quick steps to disburse the stimulus money declared by the government to stave off the impact of the coronavirus on the economy. Sheikh Fazl...

Azam J Chowdhury donates PPE to Bangladesh Central Jail

FE Online Desk 2020-05-06 21:57:11

Mr. Azam J Chowdhury, on behalf of Omera Gas One Ltd. and Omera Petroleum Ltd. has donated 1,000 Personal Protective Equipment (PPE) to the jail authorities to ensure the safety of the staff of Dhaka...

Economists rely on foreign currency reserve to offset COVID-19 impact

-- 2020-05-06 19:37:14

Leading economists have said a sound foreign currency reserve and debt ratio to GDP alongside debt repayment capability to largely help Bangladesh offset COVID-19 impacts on its economy. But they fea...

BRAC Bank supports 10,500 families

FE Online Desk 2020-05-06 18:14:22

BRAC Bank has collaborated with Bidyanondo Foundation for providing food to the community that have been affected worst by COVID-19. The bank has contributed Tk 5.0 million for this purpose.  Th...

Stock markets to remain shut until May 16

FE Online Report 2020-05-06 15:57:16

The country’s two bourses will remain closed until May 16 as the government further extended the ongoing holidays to contain the spread of deadly coronavirus. The government has further extende...

Next budget to focus on agriculture, health, mega projects

-- 2020-05-06 12:37:10

The government is likely to go for a strategic 'recovery plan' in the next budget (2020-21) with a greater focus on agriculture and health sectors to revive the national economy hit hard by the corona...

No job cut in Runner Auto

FE Report 2020-05-06 09:55:21

Runner Automobiles, one of the country's leading automobile makershas assured employees and staffs of not facing any job cut even though its sales and collections almost cameto a halt due to onslaught...

Earnings of three-fourths of listed textile cos slump

Babul Barman 2020-05-06 09:47:53

Earnings of three-fourth listed textile sector companies fell in the first half (H1) of the current fiscal year as exports endured declining trend while the financial expenses increased. There are 56...

Bank borrowing target raised

Siddique Islam 2020-05-06 09:23:00

The government has increased its bank borrowing target by more than 54 per cent to nearly Tk 730 billion to partly finance the budget deficit of the current fiscal year, officials said. The governmen...

Next ADP outlay flattening

FHM Humayan Kabir 2020-05-06 09:20:30

After 11 years, the outlay of the Annual Development Programme, or ADP, could almost flatten as revenue income fell in the aftermath of coronavirus outbreak, officials said on Tuesday. They said the...

Export earnings decline by 85pc

-- 2020-05-05 18:50:55

The country’s export earnings witnessed a massive slump, recording an 85 per cent year-on-year drop in April as the coronavirus pandemic continues to roil the global economy. Readymade garments...

BB to release Tk 250b new notes before Eid

-- 2020-05-05 13:03:13

Bangladesh Bank (BB) aims to release new currency notes of Tk 250 billion in the market before the Eid. The central bank sources said the money would be released about a week before the Eid-ul-Fitr....

DSE for two-hour digital trading from May 10

Mohammad Mufazzal 2020-05-05 09:58:30

The Dhaka Stock Exchange (DSE) has sought regulatory approval to resume trading for two hours a day from May 10 amid the ongoing general holiday. The premier bourse DSE wants to resume trading connec...

ADB likely to endorse $500m budgetary aid

FHM Humayan Kabir 2020-05-05 09:26:54

The Asian Development Bank (ADB) board is likely to approve US$500 million worth of credit support for Bangladesh on Thursday (May 7) to help the latter meet its budget deficit during the current fina...

BB to facilitate loan/investment in CMSME sector

FE Online Desk 2020-05-04 22:14:21

Bangladesh Bank (BB) has directed banks/financial institutions to provide special loan/investment facility to revive cottage, micro, and Small and Medium Enterprises (SMEs) that were affected financia...

Most MNCs declare hefty div despite bearish market

Babul Barman 2020-05-04 10:25:02

Most of the listed multinational companies (MNCs) have recommended substantial amount of cash dividends for the year ended on December 31, 2019, maintaining their profit growth. There are eleven MNCs...