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The Financial Express

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Detailed analysis a must, says BUILD

Detailed analysis a must, says BUILD

FE Online Desk 2020-04-01 18:02:51

In view of COVID-19 pandemic, BUILD, a private think tank stressed the need for detailed analysis by a pool of researchers to understand and assess need of the country and also to understand short,...

‘Forget budget deficit, immediate focus is human lives & livelihoods’

‘Forget budget deficit, immediate focus is human lives & livelihoods’

FE ONLINE REPORT 2020-04-01 11:31:08

Traditionally, finance ministers of the country keep the budget deficit within 5.0 per cent or so of the Gross Domestic Product (GDP).  But in the current fiscal year (FY20) there is no need to...

40 cos to go public to raise Tk 30 billion

40 cos to go public to raise Tk 30 billion

Mohammad Mufazzal 2020-04-01 10:21:19

Some 40 companies will raise an aggregate amount of capital worth around Tk 30 billion from the country's capital markets. The companies have intended to raise the capital floating IPOs (initial pu...

PwC detects ambiguities in tax laws   

PwC detects ambiguities in tax laws  

FE REPORT 2020-04-01 10:05:26

The PricewaterhouseCoopers, Bangladesh, has identified inconsistencies in tax laws, including taxation on Alternative Investment Fund (AIF), capital gain and tax deducted at source in the distribution...

Bangladesh poised to see sharp fall in remittance inflow

Bangladesh poised to see sharp fall in remittance inflow

-- 2020-03-31 21:29:28

Amid slump in export earnings, experts say another big shock lies ahead for Bangladesh economy as its remittance inflow, the life line for many rural families, is likely to shrink significantly in the...

FBCCI to spray disinfectants from Narayanganj to Uttara

FBCCI to spray disinfectants from Narayanganj to Uttara

FE Online Desk 2020-03-31 18:33:11

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will start a two-day programme starting Wednesday to spray disinfectants from Narayanganj to Uttara in the capital as part of its...

Mercantile Bank, BRAC Bank donations to PM's Fund

Mercantile Bank, BRAC Bank donations to PM's Fund

FE Online Desk 2020-03-31 18:26:02

Mercantile Bank Limited donated an amount of Taka 50 million to the Prime Minister’s Relief Fund to fight coronavirus. It is initiated as a part of Mercantile Bank’s CSR activities to Pr...

Money market operations to continue during holidays

Money market operations to continue during holidays

-- 2020-03-31 17:39:38

The Bangladesh Bank (BB) has taken a decision to keep open the operations of repurchase agreement (Repo) and interbank call money market in a limited scale during the general holidays for managing the...

StanChart BD offers comprehensive support measures

StanChart BD offers comprehensive support measures

FE Online Desk 2020-03-31 17:31:06

Standard Chartered Bangladesh has decided to offer a comprehensive set of support measures for its wide range of clients to help pull through these difficult times. "Standard Chartered has stood by t...

Summit Group donates Tk 30m to fight coronavirus pandemic

Summit Group donates Tk 30m to fight coronavirus pandemic

FE Online Desk 2020-03-31 16:59:23

Summit Group, Bangladesh’s largest infrastructure conglomerate has contributed BDT 30 million to the Prime Minister's Relief and Welfare Fund to fight the coronavirus pandemic. The Princip...

DSE new index falls 12pc in Q1 amid virus scare

DSE new index falls 12pc in Q1 amid virus scare

Babul Barman 2020-03-31 10:39:23

The newly-introduced 'CNI-DSE Select Index (CDSET)', comprising well performing companies, tumbled 12 per cent in the just three months amid virus outbreak. The Dhaka Stock Exchange launched the inde...

Steady growth in EPS of ACME Laboratories in last five years

Steady growth in EPS of ACME Laboratories in last five years

Mohammad Mufazzal 2020-03-31 10:31:31

The ACME Laboratories registered a steady growth in EPS (earnings per share) during the last five fiscal years riding on increased revenue earnings realised during the period. The 'A' category compan...

Customs houses asked to release limited goods on holidays   

Customs houses asked to release limited goods on holidays  

FE Report 2020-03-31 09:48:16

The country's customs authority will release import-export goods on a 'limited scale' during the general holidays, declared by the government until April 04, to contain the spread of coronavirus. T...

Economists back lifeline for all domestic sectors

Economists back lifeline for all domestic sectors

FHM HUMAYAN KABIR 2020-03-31 09:27:40

Economists on Monday urged the government to provide financial support to local industries and service sectors to help those cushion the impact of the new coronavirus. The Tk 50-billion package for t...

Export sectors to get virus money early next month

Export sectors to get virus money early next month

FE REPORT 2020-03-31 09:22:44

The Ministry of Finance issues a notification today (Tuesday), detailing the modalities of Tk 50-billion stimulus package for the export-oriented industries designed to pay salaries of employees. The...

Customs houses to remain open on holidays

Customs houses to remain open on holidays

-- 2020-03-30 18:04:08

All the customs houses and customs stations will remain open during the government declared general holidays in limited scale. The National Board of Revenue (NBR) on Monday issued an order in this re...

BB asks banks to release foreign exchange of travellers’ cards

BB asks banks to release foreign exchange of travellers’ cards

FE ONLINE REPORT 2020-03-30 13:38:01

The central bank has relaxed its rules of foreign exchange release considering the situation of the travelling card holders stuck abroad due to restrictions arising out of the COVID-19 pandemic. Unde...

BB resumes dollar sale to offset strain on market

BB resumes dollar sale to offset strain on market

SIDDIQUE ISLAM 2020-03-30 09:34:50

The central bank has resumed sale of the US dollar (US$) to banks directly for offsetting extra pressure on the market, caused by lower remittance inflow following the ongoing coronavirus outbreak. A...

95.2pc complaints addressed

95.2pc complaints addressed

Mohammad Mufazzal 2020-03-29 11:39:00

The securities regulator has addressed 95.2 per cent of the total complaints so far made by investors since the introduction of online complaint module. After introduction of Customer Complaints Addr...

Public subscription period of Express Ins may be changed

Public subscription period of Express Ins may be changed

FE Report 2020-03-29 11:21:12

The securities regulator may change the timeframe of public subscription of Express Insurance if the ongoing situation, created by COVID-19, prolongs. As per existing timeframe, the public subscripti...

Monno Ceramic generates highest weekly turnover

Monno Ceramic generates highest weekly turnover

FE Report 2020-03-29 11:14:45

Monno Ceramic Industries dominated the Dhaka bourse's transaction chart in the outgoing week while block trade accounted for nearly 41 per cent of the total turnover. Market analysts said some invest...

BSEC seeks public opinion on issuing new TRECs

BSEC seeks public opinion on issuing new TRECs

FE Report 2020-03-29 11:12:15

The securities regulator has sought public opinion on the draft rules formulated to issue new TREC (Trading Right Entitlement Certificate), to the firms willing to conduct trading operations in the co...

Foreign fund inflow hit hard by coronavirus pandemic

Foreign fund inflow hit hard by coronavirus pandemic

-- 2020-03-29 10:56:13

The coronavirus pandemic has hit hard the flow of aid from foreign donors who cleared 14 per cent less money in the eight months to February than the same period last fiscal year. The amount they ple...

TIB recommends special fund equivalent to 10pc of GDP

TIB recommends special fund equivalent to 10pc of GDP

-- 2020-03-28 21:44:43

The Transparency International Bangladesh (TIB) on Saturday called for setting up a special fund equivalent to at least 10 per cent of GDP to manage and steer the recovery process from socioeconomic s...

Govt sits on Monday to determine virus impact on economy

Govt sits on Monday to determine virus impact on economy

TALHA BIN HABIB 2020-03-28 16:01:26

The government will hold an urgent meeting on Monday to determine the possible losses to the econnomy over coronavirus outbreak.  It will also prepare a strategy to offset the economic losses ca...

Weekly review: Stocks snap four-week losses on regulatory move

Weekly review: Stocks snap four-week losses on regulatory move

Babul Barman 2020-03-28 11:03:16

Stocks edged up in the outgoing week, snapping a four-week free-fall, thanks to regulatory move to boost the ailing capital market. DSEX, the key index of the Dhaka Stock Exchange, went up by 33.32 p...

45 Bangladesh missions miss export targets

45 Bangladesh missions miss export targets

FE REPORT 2020-03-28 10:26:33

Some 45 Bangladesh missions abroad have failed to achieve their respective export targets for the July-February period of this fiscal, according to the Export Promotion Bureau. The remaining 12 missi...

Economists suggest govt bring blue-collar workers under social safety-net

Economists suggest govt bring blue-collar workers under social safety-net

FHM HUMAYAN KABIR 2020-03-28 10:17:19

The government needs to expand the current social safety-net programme aiming to cover more lower-income people, already hit by Covid-19 pandemic, economists say. They said since there was a possibil...

As virus hits BD economy, experts urge “prudent” recovery plan

As virus hits BD economy, experts urge “prudent” recovery plan

-- 2020-03-27 16:04:05

As coronavirus has started taking its toll on the Bangladesh economy alongside the public health, economists think the government needs to immediately work out a well-thought-out recovery plan and act...

CSE for waiver of corporate tax for small cap board cos

CSE for waiver of corporate tax for small cap board cos

FE Report 2020-03-26 10:27:50

Chittagong Stock Exchange (CSE) has submitted a set of budget proposals to NBR including waiver of corporate tax for the companies to be listed on small cap board. CSE managing director Mamun-Ur-Ra...