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The Financial Express

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Insurance regulator devises bond coverage

Insurance regulator devises bond coverage

JASIM UDDIN HAROON 2021-08-28 09:46:07

The regulator is aggressively working to introduce insurance products for bond issuers that will guarantee repayment of the principal and all associated benefits to the bondholders in the event of iss...

Central bank further relaxes loan repayment policy

Central bank further relaxes loan repayment policy

Siddique Islam 2021-08-28 09:42:10

The central bank has further extended the policy relaxation regarding loan repayment to the scheduled banks by their borrowers to help recover the country's pandemic-hit economy, officials said. Unde...

Bangladesh's tax receipts from large units plummet in July

Bangladesh's tax receipts from large units plummet in July

DOULOT AKTER MALA 2021-08-28 09:41:04

Tax collection from Bangladesh's large manufacturing industries plummeted, registering a negative growth in VAT receipts in July, as a countrywide 'strict lockdown' for 18 days for checking corona tra...

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

-- 2021-08-27 14:46:33

The Asian Development Bank has approved a $1.78 billion multi-tranche financing facility (MFF) to improve mobility, road safety, and regional trade along the Dhaka–Sylhet trade corridor in Bangl...

Action plan agreed upon to speed up execution of ADB-funded projects

Action plan agreed upon to speed up execution of ADB-funded projects

FE REPORT 2021-08-27 08:55:37

The government and the Asian Development Bank (ADB), in a tripartite portfolio review meeting (TPRM) on Thursday, agreed on an action plan to further accelerate the implementation of the ADB-assiste...

BSEC's 'no' to plea for waiver from payment of accrued interest

BSEC's 'no' to plea for waiver from payment of accrued interest

FE REPORT 2021-08-27 08:47:27

The securities regulator turned down the listed companies' association plea for waiving payments of accrued interest gained from undistributed dividends or un-refunded public-subscription funds. Al...

Association, tax intel punish errant e-commerce companies

Association, tax intel punish errant e-commerce companies

DOULOT AKTER MALA 2021-08-27 08:43:49

A series of anomalies has finally prompted the e-commerce apex trade body to penalize their errant members, as some buyers complained being cheated and tax intelligence found VAT evasion by a few....

IMF dollop of SDR to ease Bangladesh funding unease

IMF dollop of SDR to ease Bangladesh funding unease

FE REPORT 2021-08-27 08:25:02

The allocation of Special Drawing Right (SDR), an official currency of the International Monetary Fund, will ease many challenging funding conditions for Bangladesh, some economists say about a $650...

Stocks extend losses as BB starts money market probe

Stocks extend losses as BB starts money market probe

FE ONLINE REPORT 2021-08-26 17:11:19

Stocks extended the losing streak for the second straight sessions on Thursday as investors opted for booking profit following the central bank’s money market inspection news. After witnessing...

Stocks open positive amid volatile trading

Stocks open positive amid volatile trading

FE ONLINE REPORT 2021-08-26 10:51:49

Stocks witnessed a positive trend on Thursday, after the previous day’s mild correction, as bargain hunters remained in a buying mood on sector-wise issues. Following the single-day modest co...

Tamijuddin Textile Mills to invest Tk 500m in BMRE

Tamijuddin Textile Mills to invest Tk 500m in BMRE

FE REPORT 2021-08-26 09:07:49

Tamijuddin Textile Mills, which returned to the bourse's main market two months back, has decided to invest in balancing, modernisation, rehabilitation and expansion (BMRE) an estimated amount of Tk...

Adoption of new tech crucial for food safety

Adoption of new tech crucial for food safety

FE REPORT 2021-08-26 08:56:05

Modernisation of supply chain and adoption of new technologies, including digital commerce and farm mechanisation, are vital for ensuring food safety and smooth distribution during different adverse s...

Banks to submit monthly VAT info of Google, Facebook, Amazon, Microsoft

Banks to submit monthly VAT info of Google, Facebook, Amazon, Microsoft

FE REPORT 2021-08-26 08:45:52

The central bank has asked scheduled banks to submit statements of value-added tax (VAT) deducted from services rendered by non-resident taxpayers such as Google, Facebook, Amazon, and Microsoft. T...

Bangladesh Bank starts money market probe to guard against asset bubble

Bangladesh Bank starts money market probe to guard against asset bubble

SIDDIQUE ISLAM 2021-08-26 08:34:41

The central bank starts investigation into entire money-market transactions along with exposures on the capital market to gauge liquidity movements in the banking system, following some already-dete...

Central bank urged not to allow direct payment into e-commerce accounts

Central bank urged not to allow direct payment into e-commerce accounts

FE REPORT 2021-08-26 08:29:37

The commerce ministry has asked the central bank to instruct commercial banks not to receive direct deposit of any payment into ‘own bank accounts’ of e-commerce platforms from the custome...

Stocks snap three-day rally amid profit booking sell-offs

Stocks snap three-day rally amid profit booking sell-offs

FE ONLINE REPORT 2021-08-25 16:51:47

Stocks witnessed a marginal correction Wednesday, snapping a three-day record-breaking gaining streak, as risk-averse investors preferred to book profit on quick-gaining issues. After setting records...

DSEX exceeds 6900-mark at opening

DSEX exceeds 6900-mark at opening

FE ONLINE REPORT 2021-08-25 11:02:24

Stocks opened higher on Wednesday with the key index of the Dhaka Stock Exchange (DSE) crossing 6900-mark as buoyant investors continued their buying spree. After a record breaking rally in the past...

Dhaka Bank’s EPS jumps 161pc in April-June

Dhaka Bank’s EPS jumps 161pc in April-June

FE ONLINE REPORT 2021-08-25 10:55:50

Dhaka Bank posted a 161 per cent increase in its second quarter (Q2) earnings for April-June 2021 compared to the same quarter of the previous year, thanks to rising operating income. In a filing wit...

Utilisation of sukuk bond funds emphasised

Utilisation of sukuk bond funds emphasised

FE REPORT 2021-08-25 08:41:59

Speakers at a seminar on Tuesday stressed the proper utilisation of funds mobilised through issuing Sukuk bonds to make it popular among institutional and general investors. Timely distribution of...

Bank borrowing thru bills, bonds halted to address cash management concern

Bank borrowing thru bills, bonds halted to address cash management concern

SIDDIQUE ISLAM 2021-08-25 08:35:25

Cash management is cited as prime concern as the government suspends its bank borrowing through cancelling auctions of both treasury bills or T-bills and bonds until August 31 amid swelling public c...

BSEC joins BB-BIDA tug of war on authority over offshore investment

BSEC joins BB-BIDA tug of war on authority over offshore investment

MOHAMMAD MUFAZZAL 2021-08-25 08:29:50

Local businesses willing to make equity investment abroad will have to take consent from the securities regulator, too, if the deals are conducted in the form of 'capital issue'. The third claimant...

Beximco Sukuk IPO subscription time extended till Sept 6

Beximco Sukuk IPO subscription time extended till Sept 6

FE ONLINE REPORT 2021-08-24 17:14:41

Beximco’s Sukuk Bond IPO subscription for Tk 7.50 billion has been extended till September 6 as the bond received a lukewarm response from investors in the first phase. In the first phase, the...

$51 billion in foreign aid still remains stuck in the pipeline

$51 billion in foreign aid still remains stuck in the pipeline

-- 2021-08-24 12:28:21

A significant part of the foreign funds committed to Bangladesh by different countries and development partners for implementing development projects has got stuck in the pipeline, bdnews24.com report...

Bourses open mixed after record high

Bourses open mixed after record high

FE ONLINE REPORT 2021-08-24 11:08:09

Stocks opened on a mixed trend on Tuesday, after a record-breaking rally in the past three days, as investors were active on both sides of the trading fence. The market opened on a positive note this...

Desh General Insurance declares 10pc cash dividend

Desh General Insurance declares 10pc cash dividend

FE ONLINE REPORT 2021-08-24 10:21:54

The board of directors of recently listed Desh General Insurance Company has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will c...

Stocks of five companies rising sans price-sensitive information

Stocks of five companies rising sans price-sensitive information

FE REPORT 2021-08-24 08:59:49

Stocks of five listed companies are witnessing unusual price rises and an increase in the volume of shares in recent weeks though there was no undisclosed price-sensitive information (PSI). The com...

Tk 2.0b from stimulus for SMEs released

Tk 2.0b from stimulus for SMEs released

FE REPORT 2021-08-24 08:45:11

The Finance Division has released another Tk 2.0 billion from the stimulus package for the SME Foundation for distribution after its successful disbursement from the package among Covid-hit entrepre...

Bangladesh won't give duty concession on third country invoicing

Bangladesh won't give duty concession on third country invoicing

DOULOT AKTER MALA 2021-08-24 08:37:12

Bangladesh will not allow concessionary duty benefit under the South Asian Free Trade Area (SAFTA) treaty in case of documentation completed in a non-member SAARC country. Officials said the restrict...

Bangladeshi Taka loses value against US dollar

Bangladeshi Taka loses value against US dollar

SIDDIQUE ISLAM 2021-08-24 08:23:26

The exchange rate of Bangladesh currency depreciated significantly against the US dollar in the last couple of days mainly as higher demand for the greenback for settling import-payment obligations...

Bangladesh Bank approves two more refinancing schemes

Bangladesh Bank approves two more refinancing schemes

FE REPORT 2021-08-24 08:17:21

Two refinancing schemes worth Tk 35 billion are being launched to help out Covid-hit agriculture and tourism sectors under government stimulus packages, officials said. Two proposals to this effect w...