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The Financial Express

Search results for: Bangladesh

'Doubling tax-GDP ratio essential to meet SDGs'

'Doubling tax-GDP ratio essential to meet SDGs'

FE Report 2018-02-19 11:25:29

Bangladesh ought to double its tax-GDP ratio from the current 10 per cent or miss the UN-mandated Sustainable Development Goals (SDGs), a leading economists forewarned, citing some recent target failu...

Auditor detects mismatches in PGCB annual report

Auditor detects mismatches in PGCB annual report

FE Report 2018-02-19 10:07:26

The auditor has identified mismatches in the financial statement of Power Grid Company of Bangladesh (PGCB) for the year ended on June 30, 2017. Following the mismatches, the auditor said on the basi...

Two power projects face scrapping?

Two power projects face scrapping?

FHM Humayan Kabir 2018-02-19 00:13:28

The government is in a quandary over whether or not to discard Tk8.56 billion-worth two power projects as the executing agency only bought cars but failed to start work in five years, officials said....

Upswing in institutional capacity a must for boosting trade: Rehman Sobhan

Upswing in institutional capacity a must for boosting trade: Rehman Sobhan

-- 2018-02-18 20:34:31

Country’s prominent economist Professor Rehman Sobhan has stressed the need for increasing institutional capacity and creating value chain for boosting regional trade in South Asia. "Regional...

Dr Aziz, Dr Mahbub get BB award for economic contribution

Dr Aziz, Dr Mahbub get BB award for economic contribution

FE Online Report 2018-02-18 20:19:29

The central bank has honoured Dr Azizur Rahman and Dr Mahbub Hossain (Posthumous) through the Bangladesh Bank Award-2017 in recognition of their contribution to the economy. Finance minister AMA Mu...

Stocks tumble as worries persist over strategic partner

Stocks tumble as worries persist over strategic partner

FE Online Report 2018-02-18 17:40:23

Stocks tumbled on Sunday, extending the losing streak for the second consecutive day, as investors sold shares in bulk amid growing tension over selection of strategic partner. Analysts said growing...

UK withdraws air cargo flight ban, Biman audit begins Monday

UK withdraws air cargo flight ban, Biman audit begins Monday

FE Online Report 2018-02-18 17:32:07

The United Kingdom (UK) has lifted ban on direct cargo flights from Bangladesh after nearly two years, excepting for state-owned Biman. The development comes as the Western country has expressed...

Stocks open lower amid slow trading activities

Stocks open lower amid slow trading activities

FE Online Report 2018-02-18 11:40:57

The prices of most of the shares on both bourses witnessed downward trend in early hour of Sunday trading as many investors followed cautious stance ahead of divided declarations. Following the last...

IPO subscription of Advent Pharma closes tomorrow

IPO subscription of Advent Pharma closes tomorrow

FE Report 2018-02-18 10:26:10

The IPO (initial public offering) subscription of Advent Pharma will close tomorrow (Monday). The company opened its IPO subscription on February 11. The Bangladesh Securities & Exchange Commiss...

DSE board backs China in brawls over market buy

DSE board backs China in brawls over market buy

Mohammad Mufazzal 2018-02-18 10:12:08

Dhaka Stock Exchange is expected to propose to the securities regulator for approving Chinese consortium's offer as it qualified in the bidding as the bourse's 'strategic partner', outbidding its chal...

Fresh bid for hike in fuel prices

Fresh bid for hike in fuel prices

M Azizur Rahman 2018-02-18 09:36:11

The state-run Bangladesh Petroleum Corporation (BPC) has placed a proposal with the relevant ministry for a substantial hike in prices of petroleum products to "avoid losses" following oil-price ris...

Huge case backlog enough to scare away investors

Huge case backlog enough to scare away investors

FE Report 2018-02-18 09:22:01

Government's chief investment promoter aired frustration over investment prospect for ballooning bad loans and huge loan-case backlog as experts at a seminar Saturday suggested legal amendments for a...

Thrust on ensuring 'fair process' in achieving SDGs

Thrust on ensuring 'fair process' in achieving SDGs

-- 2018-02-18 09:19:55

FE ReportSpeakers at a conference on Saturday stressed the need for a 'fair process' in achieving sustainable development goals (SDGs) along with ensuring 'good enough governance' at different levels...

Plan afoot for NBR to go tough against tax-dodging foreigners

Plan afoot for NBR to go tough against tax-dodging foreigners

FE Online Desk 2018-02-17 20:40:49

The revenue authority has planned to go tough against foreign nationals who are working in Bangladesh for long, but not paying income tax. National Board of Revenue (NBR) has chalked out the plan in...

BB to award Dr Aziz, Dr Mahbub for economic contribution

BB to award Dr Aziz, Dr Mahbub for economic contribution

-- 2018-02-17 20:22:18

The central bank is going to honour two eminent personalities with 'Bangladesh Bank Award-2017' in recognition of their contribution to economy. A BB media release said Professor Emeritus of Universi...

edotco Bangladesh to help government achieve SDGs

edotco Bangladesh to help government achieve SDGs

-- 2018-02-17 18:28:16

Mobile phone tower company edotco Bangladesh has decided to help the country materialise the government’s vision of achieving Sustainable Development Goals (SDGs) by 2030. In compliance with th...

Major sectors see positive return

Major sectors see positive return

FE Report 2018-02-17 16:06:03

Majors sectors witnessed a positive return this week as investors renewed their appetite for sector-wise stocks. Thursday was the last trading day of the week. Of the 19 sectors listed with the pr...

Muhith urges banks to analyse proposals for risk-free loans

Muhith urges banks to analyse proposals for risk-free loans

FE Online Report 2018-02-17 14:47:27

Finance Minister AMA Muhith has asked the bankers to properly scrutinise all the project proposals they get and follow the know-your-client formula to make the loans risk-free. "There are two major...

BD institutions weak to weather unanticipated economic shocks

BD institutions weak to weather unanticipated economic shocks

Jasim Uddin Haroon 2018-02-17 10:35:18

An international survey finds Bangladesh's institutional quality and business environment deficient in weathering potential economic shocks while assessing 25 frontier markets' potential vulnerabiliti...

Stocks bounce back as political tension eases

Stocks bounce back as political tension eases

Babul Barman 2018-02-17 10:12:29

Stocks rebounded strongly this week amid increased turnover as investors, relieved to see the clouds of political tensions start disappearing, went on buying spree. Market operators said the investor...

CPA starts realising 15pc VAT on all port-service tariffs

CPA starts realising 15pc VAT on all port-service tariffs

Syful Islam 2018-02-17 09:55:53

The Chittagong Port Authority (CPA) has started realising 15 per cent VAT on tariffs of all 60 types of services it provides to port-users, with consent from the shipping ministry, officials said. In...

Banks' Tk 1.70t  gets stuck in  default cases

Banks' Tk 1.70t gets stuck in default cases

Rezaul Karim 2018-02-17 00:06:29

A hefty amount of over Tk 1.70 trillion of different banks remained stuck in 0.127 million money suits while a good number of them are facing liquidity crunch, sources said.    ...

MSCI BD dividend yield up marginally

MSCI BD dividend yield up marginally

FE Online Report 2018-02-16 11:58:45

Dividend yield of the MSCI Bangladesh Index increased marginally to 1.64 per cent at the end of January this year from 1.63 per cent at the end of December last. The yield is much lower compare to...

SANEM 3rd economists’ confce starts Saturday

SANEM 3rd economists’ confce starts Saturday

FE Online Report 2018-02-16 11:12:28

The third annual economists’ conference of the South Asian Network on Economic Modelling (SANEM) will kick off on Saturday morning in Dhaka. The theme of the two-day event is: ‘Leave no o...

‘Speed up railway projects under Indian LoC’

‘Speed up railway projects under Indian LoC’

FE Report 2018-02-16 10:41:27

Bangladesh Railway (BR) authorities have been asked to speed up the implementation work of four projects, including the Akhaura-Agartala rail link project, financed by the Indian grant and the first L...

Overseas investors see BD stock market as emerging: MCCI

Overseas investors see BD stock market as emerging: MCCI

FE Report 2018-02-16 10:40:43

Net foreign investment in the country's capital market increased 27.14 per cent year-on-year in 2017 as many overseas investors considered the Bangladesh stock market as a frontier and emerging mark...

Unique Hotel leads DSE transactions chart

Unique Hotel leads DSE transactions chart

FE Report 2018-02-16 10:36:54

The ten top-traded companies accounted for nearly 25 per cent of the total transactions on the country's premier bourse on Thursday, with Unique Hotel & Resorts topping the list. Analysts said...

NPL pile-up not a big problem: Minister

NPL pile-up not a big problem: Minister

 FE Report 2018-02-16 10:04:55

The current volume of non-performing loan (NPL) is not a big problem for the economy as it still remained at a lower level than many other countries, Planning Minister AHM Mustafa Kamal said Thursday....

Challenge lies in keeping BD’s political harmony

Challenge lies in keeping BD’s political harmony

FE Report 2018-02-16 09:48:29

A leading trade body has stressed ensuring political harmony in the country apart from facing properly the challenges of rising geo-political tensions and the Rohingya refugee crisis to achieve the co...

Draft Deposit Protection  Act incorporates NBFIs

Draft Deposit Protection Act incorporates NBFIs

Ismail Hossain 2018-02-16 00:33:58

Authorised persons involved in managing 'deposit insurance fund' at the central bank will get indemnity under a proposed law styled, the Deposit Protection (DP) Act, 2017. The Bangladesh Bank (BB) ha...