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The Financial Express

Search results for: Bangladesh

Budget to 'rationalise' rate, cut layers

Budget to 'rationalise' rate, cut layers

FE Report 2018-04-10 10:17:55

The budget for the upcoming fiscal year, 2018-19, would explore ways for 'rationalising' the existing corporate tax rate in the country, Finance Minister A M A Muhith said in the capital on Monday. "...

NBR seeks explanation from Agrani

NBR seeks explanation from Agrani

Doulot Akter Mala 2018-04-10 10:11:29

The National Board of Revenue (NBR) has issued a show cause notice on Agrani Bank following the state-owned bank's failure to pay value added tax (VAT) and excise duty worth Tk 400 million to it (NBR)...

Submit action plans to bring down ADR limit, BB asks banks

Submit action plans to bring down ADR limit, BB asks banks

Siddique Islam 2018-04-10 09:31:06

The central bank has asked the banks to submit their specific action plans to its department concerned by April 30 to help bring down the advance-deposit ratio (ADR) limit at required level, officials...

DSE not required to pay for licensing

DSE not required to pay for licensing

Mohammad Mufazzal 2018-04-10 09:30:12

The technical offer of Chinese consortium includes 10-year licensing for use of SZSE (Shenzhen Stock Exchange) trading system application software by Dhaka Stock Exchange (DSE). The cost of such tr...

Ten top-traded cos clinch 27pc transaction

Ten top-traded cos clinch 27pc transaction

FE Report 2018-04-10 09:25:57

The top 10-traded companies accounted for more than 27 per cent transaction of the Dhaka Stock Exchange (DSE) Sunday, with Beximco topping the list. Market operators said the investors continued th...

Eight cos announce board meet schedules

Eight cos announce board meet schedules

FE Desk 2018-04-10 09:23:02

Three listed companies have announced schedules of board meetings to consider their respective audited financial statements for the year ended on December 31, 2017, according to postings on the webs...

WB to provide loan of $515m for two projects

WB to provide loan of $515m for two projects

-- 2018-04-09 19:04:53

The World Bank is set to provide a loan of $515 million financial assistance for two projects in the power transmission and insurance sectors in the country. To this end, two separate agreements will...

WB questions government data about GDP growth

WB questions government data about GDP growth

FE Online Report 2018-04-09 18:29:14

The World Bank (WB) on Monday has expressed doubts about the Bangladesh’s 7.65 per cent GDP growth projection for the current fiscal raising questions regarding some government data. The Washin...

DSE turnover hits 4.5 months high

DSE turnover hits 4.5 months high

FE Online Report 2018-04-09 16:03:09

Stocks extended the gaining streak for the fourth session in a row Monday, with turnover hitting four-and-a-half months high, as enthusiastic investors continued to show their buying appetite on sec...

Uttara Bank recommends 20pc dividend

Uttara Bank recommends 20pc dividend

FE Online Report 2018-04-09 11:21:26

The board of directors of Uttara Bank Limited has recommended 20 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday. The final approval of the div...

Bank Asia recommends 12.50pc stock dividend

Bank Asia recommends 12.50pc stock dividend

FE Online Report 2018-04-09 11:20:45

The board of directors of Bank Asia Limited has recommended 12.50 per cent stock dividend for the year ended on December 31, 2017. The final approval of the dividend will come during the annual gener...

Continental Insurance recommends 10pc dividend

Continental Insurance recommends 10pc dividend

FE Online Report 2018-04-09 11:18:58

The board of directors Continental Insurance Limited has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Monday....

Book on stock mkt launched

Book on stock mkt launched

FE Online Desk 2018-04-09 11:07:01

 A new book titled 'Be Your Own Boss' was unveiled recently in the Cosmopolitan Club of Baridhara. The book on stock market business, authored by Mizan Rahman was published from Aloghor Prokasho...

Raise savings tools’ investment ceiling

Raise savings tools’ investment ceiling

FE Report 2018-04-09 10:28:39

Government secretaries have requested the finance minister to raise the ceiling on investment in savings tools to help them during their old age, sources said. They made the request at a pre-budget d...

New move to conduct seismic survey in offshore blocks

New move to conduct seismic survey in offshore blocks

M Azizur Rahman 2018-04-09 09:43:15

The government has moved afresh to carry out seismic survey in offshore blocks to acquire data on hydrocarbon deposits to chalk out future steps for ensuring the country's energy security. State-run...

Lending rate will drop to single digit soon, economists hope

Lending rate will drop to single digit soon, economists hope

-- 2018-04-08 18:40:48

Economists said interest rate should come down to single digit soon as the recent downward adjustment of cash reserve requirement (CRR) and the  decision to keep 50 per cent of state agencies&rsq...

ACI’s subsidiary to make household plastic products

ACI’s subsidiary to make household plastic products

FE Online Report 2018-04-08 18:18:35

Premiaflex Plastics, a subsidiary of ACI Limited, will manufacture and market household plastic products including furniture and other allied plastic articles. “The board of directors of ACI Li...

Hotel and restaurant sector set to post higher growth

Hotel and restaurant sector set to post higher growth

FE Online Report 2018-04-08 16:49:52

Country’s hotel and restaurant sector is going to post higher growth in the ongoing fiscal year. Provisional estimation of the national income, released by the Bangladesh Bureau of Statistics (...

DSE turnover exceeds Tk 6.0 billion-mark

DSE turnover exceeds Tk 6.0 billion-mark

FE Online Report 2018-04-08 16:46:08

Stocks edged higher on Sunday with turnover on the major bourse crossing Tk 6.0 billion-mark after nearly two months as optimistic investors showed their buying appetite on sector-wise stocks. Market...

ICB to issue bond worth Tk 20 billion

ICB to issue bond worth Tk 20 billion

FE Online Report 2018-04-08 15:46:56

The Investment Corporation of Bangladesh (ICB), which is one of the largest investors in the capital market, has decided to issue a subordinated bond worth Tk 20 billion. “The board of director...

BB suggests encouraging Sukuk in capital market

BB suggests encouraging Sukuk in capital market

FE Online Report 2018-04-08 14:45:37

Bangladesh Bank has suggested encouraging Islamic Shariah compliant investment certificate Sukuk in the capital market. The central bank made the suggestion in its latest quarterly report on ‘...

City Insurance recommends 10pc dividend

City Insurance recommends 10pc dividend

FE Online Report 2018-04-08 13:47:02

The board of directors of City General Insurance Company Limited has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday. The final a...

Uttara Finance recommends 30pc cash dividend

Uttara Finance recommends 30pc cash dividend

FE Online Report 2018-04-08 12:09:38

The board of directors of Uttara Finance & Investments Limited has recommended 30 per cent cash dividend for the year ended on December 31, 2017. The final approval of the dividend will come duri...

Bay Leasing recommends 15pc dividend

Bay Leasing recommends 15pc dividend

FE Online Report 2018-04-08 11:59:48

The board of directors of Bay Leasing & Investment Limited has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on...

Premier Leasing recommends 10pc dividend

Premier Leasing recommends 10pc dividend

FE Online Report 2018-04-08 11:10:42

The board of directors of Premier Leasing & Finance has recommended 5 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017. The final approval of the dividend wil...

Trustee seeks regulator's view to decide MF's fate

Trustee seeks regulator's view to decide MF's fate

FE Report 2018-04-08 10:50:52

The trustee of Grameen One: Scheme Two, a closed-end mutual fund (MF), has sought regulatory opinion to decide their position regarding continuation, or liquidation, or conversion of the fund. The mo...

Shortfall forces NBR to consider trimming tax collection target

Shortfall forces NBR to consider trimming tax collection target

Doulot Akter Mala 2018-04-08 09:43:55

The government is considering chopping its tax revenue collection target by nearly Tk 280 billion after the receipt dropped in the seven months to February. The National Board of Revenue's tax collec...

'Diversification in local businesses creating better future for economy'

'Diversification in local businesses creating better future for economy'

-- 2018-04-07 18:49:51

Next decade for Bangladesh economy looks bright as diversification in local businesses beyond the RMG sector is shaping the country for a better future. Bangladesh Bank's Chief Economist Faisal Ahmed...

Current yield rates on savings certificates to stay: NBR chief

Current yield rates on savings certificates to stay: NBR chief

FE Online Report 2018-04-07 12:24:57

The government has no plan to cut yield rates on state-owned savings certificates, said National Board of Revenue (NBR) chairman Mosharraf Hossain Bhuiyan on Saturday. Despite the interest payments b...

Six cos recommend dividends last week

Six cos recommend dividends last week

FE Report 2018-04-07 10:39:19

Six more listed companies, including three banks, recommended dividend last week ranging between 10 per cent and 30 per cent for the year ended on December 31, 2017. The companies are: Premier Bank...