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The Financial Express

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Finance minister proposes 15pc tax on stock dividend

Finance minister proposes 15pc tax on stock dividend

-- 2019-06-13 17:27:44

The government moves to impose 15 percent tax on stock dividends for the new fiscal year. In his budget speech presented in parliament on Thursday, Finance Minister AHM Mustafa Kamal said: “We...

BD targets 8.2pc economic growth in new fiscal year

BD targets 8.2pc economic growth in new fiscal year

-- 2019-06-13 17:18:50

Bangladesh is targeting 8.2 per cent GDP growth in the new fiscal year. In his budget speech presented on Thursday, Finance Minister AHM Mustafa Kamal said our GDP grew consistently at a very high ra...

Govt plans to create 10m jobs

Govt plans to create 10m jobs

-- 2019-06-13 17:18:31

The government expects to create some 10 million new jobs by establishing 100 Economic Zones (EZs) across the country. Finance Minister AHM Mustafa Kamal came up with the plan while placing the propo...

Kamal places Tk 5.23 trillion-plus budget

Kamal places Tk 5.23 trillion-plus budget

FE Online Desk 2019-06-13 15:45:22

Finance minister AHM Mustafa Kamal has placed a budget of over Tk 5.23 trillion (Tk 5,23,190 crore), which is 18.1 per cent of GDP, for fiscal year 2019-20 in parliament. He placed the budget, u...

Kamal starts unfolding budget for FY20

Kamal starts unfolding budget for FY20

-- 2019-06-13 15:21:49

Finance Minister AHM Mustafa Kamal has started rolling out the national budget, believed to be over Tk 5.23 trillion (Tk 5,23,190 crore), for the financial year 2019-20 (FY20) at the Jatiya...

Cabinet approves budget for next fiscal

Cabinet approves budget for next fiscal

-- 2019-06-13 14:51:37

The cabinet at a special meeting on Thursday approved the proposed national budget for the fiscal year 2019-2020. Prime Minister Sheikh Hasina presided over the meeting held at the cabinet room of th...

Huawei files to trademark ‘Hongmeng’ around the world

Huawei files to trademark ‘Hongmeng’ around the world

Reuters 2019-06-13 13:04:53

China’s Huawei has applied to trademark its “Hongmeng” operating system (OS) in at least nine countries and Europe, data from a UN body shows, in a sign it may be deploying a back-up...

UK housing market gets some relief from Brexit delay

UK housing market gets some relief from Brexit delay

-- 2019-06-13 12:34:31

The housing market of Britain steadied in May and a measure of prices improved as the delay in the country’s European Union exit gave some encouragement to buyers, a survey showed on Thursday....

Banks’ provision shortfall soars

Banks’ provision shortfall soars

FE Report 2019-06-13 12:17:20

Overall shortfall in provision against bank loans swelled by nearly 34 per cent or Tk 22.47 billion in the first quarter (Q1) of the current calendar year. The aggregate amount of provisioning shor...

Huawei seeks trademark for 'Hongmeng' in Peru

Huawei seeks trademark for 'Hongmeng' in Peru

-- 2019-06-13 11:22:26

Chinese telecoms giant Huawei Technologies has asked Peruvian authorities to trademark its “Hongmeng” operating system, a sign it may be deploying a back-up plan in key markets in case US...

Kamal unpacks maiden budget today

Kamal unpacks maiden budget today

Jasim Uddin Haroon 2019-06-13 09:29:14

The government releases the budget for fiscal year 2019-20 today (Thursday) setting higher growth target, despite a number of domestic challenges. People familiar with the budget preparation said the...

Govt slashes bank borrowing by 26pc

Govt slashes bank borrowing by 26pc

FE Report 2019-06-13 09:24:32

The government has scaled down its bank borrowing target by more than 26 per cent for the outgoing fiscal year (FY), mainly due to the lower implementation of the annual development programme (ADP)....

Chronology of national budget

Chronology of national budget

-- 2019-06-12 18:21:13

Finance Minister AHM Mustafa Kamal is set to place the national budget for 2019-20 fiscal year at the Jatiya Sangsad on Thursday. This will be the country’s 48th budget and the 20th of the Awam...

India unveils rocket for second Moon mission

India unveils rocket for second Moon mission

-- 2019-06-12 16:33:47

India's space agency has unveiled its spacecraft that it hopes to land on the Moon by September. If successful, India will be the fourth country to achieve a soft landing on the Moon, following the U...

Benapole port earns Tk 51.85b revenue in FY19

Benapole port earns Tk 51.85b revenue in FY19

-- 2019-06-12 11:31:35

Benapole port has earned Tk 51.85 billion revenue in the current fiscal year, said Mamunur Rahman, Deputy Director of Benapole Port Authority. A record quantity of goods was imported from India in th...

Expectations low for Trump-Xi talks

Expectations low for Trump-Xi talks

Reuters 2019-06-12 11:26:56

With under three weeks to go before proposed talks between the Chinese and US leaders, expectations for progress toward ending the trade war are low and sources say there has been little preparation f...

BB set to form body to offer ways to cut NPLs

BB set to form body to offer ways to cut NPLs

Siddique Islam 2019-06-12 09:47:04

The central bank has decided to form a high-powered committee to recommend measures for reducing the volume of classified loans in the country's banking system. The decision was taken at an emergency...

'Govt should pay Tk 5,000 as compensation to each affected farmer'

'Govt should pay Tk 5,000 as compensation to each affected farmer'

-- 2019-06-11 19:10:44

The Centre for Policy Dialogue (CPD) has suggested the government give Taka 5,000 in compensation to each of the farmers, who did not get the desired price of their paddy this season. The independent...

Macroeconomics under pressure: CPD

Macroeconomics under pressure: CPD

-- 2019-06-11 18:16:01

The country's macroeconomics is currently under pressure, claimed Dr Debapriya Bhattacharya, distinguished fellow of Centre for Policy Dialogue (CPD) on Tuesday. He attributed the problem to revenue...

S Korea's state benefit for unemployed hit record high in May

S Korea's state benefit for unemployed hit record high in May

-- 2019-06-11 14:27:04

South Korea's state benefit for the unemployed and job-seekers hit a record high in May on an increased benefit and the higher number of beneficiaries, a government report showed Tuesday. The state a...

RMG sector posts 12.82pc rise in 11 months

RMG sector posts 12.82pc rise in 11 months

-- 2019-06-11 11:12:04

The country’s export earnings from Ready-Made Garment (RMG) sector earned $31.73 billion in the first 11 months of the fiscal (July to May), up 12.82 per cent from the corresponding period of th...

'Dramatic' fall in car output hits UK economy

'Dramatic' fall in car output hits UK economy

-- 2019-06-10 17:01:37

A 'dramatic' fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show. The economy contracted 0.4 per cent from the month before,...

Brexit uncertainty poses risk for BD economy

Brexit uncertainty poses risk for BD economy

FE Report 2019-06-10 09:34:53

The Brexit uncertainty poses a "risk" to South Asian economies including Bangladesh due to having generalised system of preferences (GSP) with the European Union (EU) and a significant export to the U...

Bank borrowing to grow as revenue shortfall weighs in

Bank borrowing to grow as revenue shortfall weighs in

Siddique Islam 2019-06-10 09:27:32

The government's bank borrowing is set to rise further in June as the execution of the Annual Development Programme (ADP) gained momentum, but revenue collection fell short of target. The authorities...

Little progress in tapping blue economy potentials

Little progress in tapping blue economy potentials

Mir Mostafizur Rahaman 2019-06-09 09:10:39

Bangladesh appears to have made little progress in exploiting its "huge" blue economy potentials, according to a recent report. The contribution of the ocean economy to the total economy was 3.66 per...

Initial delay dogs ADP

Initial delay dogs ADP

Doulot Akter Mala 2019-06-09 09:06:39

Planning ministry has identified major impediments that slow down the execution of projects under the Annual Development Programme (ADP). The Implementation, Monitoring and Evaluation Division (IMED)...

Private external debt drops for first time in nine years

Private external debt drops for first time in nine years

FE Online Report 2019-06-08 19:14:30

Private commercial external debt dropped slightly by 0.86 per cent in the past year to US$ 12.17 billion from $12.28 billion in 2017.   Central bank statistics also showed that this is first tim...

$35,000 a night - NASA to open space station to tourists

$35,000 a night - NASA to open space station to tourists

-- 2019-06-08 13:21:11

NASA is to allow tourists to visit the International Space Station from 2020, priced at $35,000 per night. The US space agency said it would open the orbiting station to tourism and other business ve...

BD to gain $367 million in export from no-deal Brexit

BD to gain $367 million in export from no-deal Brexit

FE Online Report 2019-06-08 12:08:58

Bangladesh is likely to gain US$367 million in terms of its export if there is no-deal Brexit, according to a research report of the United Nations Conference on Trade and Development (UNCTAD). The a...

US jobs growth slows down in May

US jobs growth slows down in May

-- 2019-06-07 20:36:51

The US economy created far fewer jobs than expected last month and wages also rose less than forecast, according to BBC. Some 75,000 jobs were created in May rather than the 185,000 expected by analy...