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The Financial Express

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Higher bank borrowing likely in July

Higher bank borrowing likely in July

Siddique Islam 2021-06-30 08:41:08

The government is set to start fiscal year (FY) 2021-22 with a higher bank borrowing target for July to adjust expenditure in June and partly finance budget deficit. It may take up to Tk 206.50 billi...

Workers lost one-third of income in one year: Study

Workers lost one-third of income in one year: Study

FE REPORT 2021-06-30 08:36:48

Low-income people especially returnee migrant workers and urban informal workers have lost at least one-third of their income in one year compared to the pre-pandemic period, according to a study unve...

Black money whitening scope remains, though on harder terms

Black money whitening scope remains, though on harder terms

DOULOT AKTER MALA 2021-06-30 08:24:34

Parliament on Tuesday passed the Finance Bill-2021, amending a few of its original provisions. The lawmakers vetted continuation of the controversial opportunity to legalise undeclared income during...

BEZA appoints PwC to prepare ICT roadmap for Mujib Shilpanagar

BEZA appoints PwC to prepare ICT roadmap for Mujib Shilpanagar

FE ONLINE REPORT 2021-06-29 19:09:19

Bangladesh Economic Zone Authority (BEZA) inked a contract agreement with UK-based PricewaterhouseCoopers (PwC) for making ICT roadmap and experience centre design for Bangabandhu Sheikh Mujib Shilpan...

Pandemic widens gender gap in Bangladesh

Pandemic widens gender gap in Bangladesh

ADNAN HOSSAIN BHUIYAN 2021-06-29 11:04:21

The gap between men and women in Bangladesh has widened, more in accessing economic opportunities, during the pandemic, various indicators and development literatures show. Despite being one of the t...

World Bank to provide $300m loan for livelihood project

World Bank to provide $300m loan for livelihood project

FE REPORT 2021-06-29 09:48:58

The World Bank (WB) will provide US$ 300 million to Bangladesh as a credit to implement the Resilience, Entrepreneurship and Livelihood Improvement (RELI) Project. The signing ceremony of the financi...

Popular, Pioneer declare dividends for 2020

Popular, Pioneer declare dividends for 2020

FE REPORT 2021-06-28 11:13:24

Two more insurers - Popular Life Insurance Company and Pioneer Insurance Company - have recommended dividends for their shareholders for the year ended on December 31, 2020. Popular Life Insurance: T...

Whitening black money: Yet another chance in the offing

Whitening black money: Yet another chance in the offing

DOULOT AKTER MALA 2021-06-28 09:23:10

The government would offer the undisclosed money holders yet another opportunity to legalise their income in the next fiscal year (FY2021-22), but with harder terms than that of the existing ones. Th...

Social safety net allocation may go up during passage of budget

Social safety net allocation may go up during passage of budget

SYFUL ISLAM 2021-06-28 08:35:35

Responding to calls from economists and experts, the government may increase further the allocation for the social safety net programme (SSNP) in the budget for the fiscal year 2021-22 which is slated...

Covid-19 2nd wave to cut Bangladesh's economic recovery, says central bank

Covid-19 2nd wave to cut Bangladesh's economic recovery, says central bank

FE REPORT 2021-06-28 08:17:33

The central bank has expressed its deep worries over the impact of the ongoing second wave of the Covid-19 on the country's economy. It said the extension of the lockdown period is likely to slow dow...

DSEX drops 100 points over lockdown fears

DSEX drops 100 points over lockdown fears

FE ONLINE REPORT 2021-06-27 16:56:50

The key index of the Dhaka Stock Exchange (DSE) dropped more than 100 points on Sunday. The DSEX dropped as worried investors dumped their holdings ahead of the strict lockdown due to the increasing...

Stocks tumble at opening on lockdown worries

Stocks tumble at opening on lockdown worries

FE ONLINE REPORT 2021-06-27 11:08:20

Stocks tumbled at the opening on Sunday as panic gripped investors fearing further fall of share prices as the government announced a fresh strict lockdown to curb the spread of deadly coronavirus....

Experts suggest taking loan from reserve for adequate vaccination

Experts suggest taking loan from reserve for adequate vaccination

FE ONLINE DESK 2021-06-26 17:37:56

Experts of Unnayan Shamannay urged the government to take a loan from the reserve to bring 70 to 80 per cent of the citizens under the vaccination programme against COVID-19. “This initiative w...

Phoenix Finance to pay 12pc dividend for 2020

Phoenix Finance to pay 12pc dividend for 2020

FE REPORT 2021-06-26 10:22:10

Phoenix Finance and Investments has recommended 6.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2020. The board of directors of the company has approved the finan...

Foreign, joint venture companies outside EPZs seek loan facility

Foreign, joint venture companies outside EPZs seek loan facility

FE REPORT 2021-06-26 09:49:03

Foreign and joint-venture companies operating in Bangladesh are seeking loan facilities from the stimulus packages that the government is implementing to help the pandemic-hit businesses to make a tur...

Stocks led by banks, textiles rebound

Stocks led by banks, textiles rebound

BABUL BARMAN 2021-06-26 09:44:38

Stocks bounced back in the outgoing week, after a single-week break, as bargain hunters showed their appetite on major sector issues despite virus worries. Week-on-week, DSEX, the core index of the D...

Foreign currency reserves cross $45.0 billion

Foreign currency reserves cross $45.0 billion

-- 2021-06-25 16:15:18

The foreign currency reserves of Bangladesh have crossed the $45.0 billion mark with inward remittances continuing to boost despite the coronavirus crisis. The total figure of reserves at Bangladesh...

WB supports Afghanistan, Bangladesh to benefit from regional collaboration in higher education 

WB supports Afghanistan, Bangladesh to benefit from regional collaboration in higher education 

FE ONLINE DESK 2021-06-25 14:15:00

The World Bank has approved a $191 million credit to Bangladesh to help strengthen higher education and respond better to the Covid-19 pandemic. The WB Board of Executive Directors on Thurs...

Members of 34pc households lost jobs amid virus: Survey

Members of 34pc households lost jobs amid virus: Survey

FE REPORT 2021-06-25 10:59:59

At least one member of 34 per cent of households lost jobs or earning opportunities across the country in the last year due to the Covid-19 pandemic, according to a survey. Besides, 77.23 per cent of...

BSEC to take legal action against 11 sponsor-directors

BSEC to take legal action against 11 sponsor-directors

FE REPORT 2021-06-25 09:38:42

The securities regulator has decided to take legal action against 11 sponsor-directors and 33 external local shareholders of Ring Shine Textiles for their involvement in a financial scam related to th...

Improving manufacturing sector’s productivity crucial for Bangladesh to boost export: World Bank

Improving manufacturing sector’s productivity crucial for Bangladesh to boost export: World Bank

-- 2021-06-24 17:48:46

To boost export growth and help the economy rebound from the COVID 19 pandemic impacts, improving the manufacturing sector’s productivity will be crucial for Bangladesh, says a new World Bank re...

Stocks rebound on bargain hunting snapping previous day’s sharp fall

Stocks rebound on bargain hunting snapping previous day’s sharp fall

FE Online Report 2021-06-24 16:29:45

The market rebounded on Thursday, snapping the previous day’s sharp fall, as bargain hunters went on late hours buying spree on sector-specific stocks. However, daily trade turnover plunged to...

Stocks open on negative note amid lower turnover

Stocks open on negative note amid lower turnover

FE ONLINE REPORT 2021-06-24 10:56:55

Stocks opened marginally lower on Thursday as risk-averse investors went on selling shares amid rising virus cases and deaths in the country. Following the previous day’s sharp decline, the mar...

Pubali Bank’s Tk 5.0b perpetual bond: 10pc fund to be raised through public offer

Pubali Bank’s Tk 5.0b perpetual bond: 10pc fund to be raised through public offer

FE ONLINE REPORT 2021-06-24 10:22:50

The board of directors of Pubali Bank has now decided to issue Perpetual Bond worth Tk 5.0 billion in a revised manner in order to comply with the securities regulator’s latest directive. As pe...

BSEC initiates steps to make ailing companies viable

BSEC initiates steps to make ailing companies viable

MOHAMMAD MUFAZZAL 2021-06-24 09:56:16

The securities regulator has initiated a move to make the ailing listed companies, including state-owned ones, operationally sound and financially viable for the greater interest of the shareholders a...

Tk 30b Beximco Sukuk gets nod

Tk 30b Beximco Sukuk gets nod

FE REPORT 2021-06-24 09:49:34

The securities regulator has approved the proposal of issuing asset-backed Green-Sukuk bond worth Tk 30 billion by the BEXIMCO for the purpose of business expansion. The Bangladesh Securities and Exc...

DSEX dips below 6100-mark on selling spree

DSEX dips below 6100-mark on selling spree

FE ONLINE REPORT 2021-06-23 16:28:44

Stocks plunged on Wednesday as risk-averse investors opted for a quick profit on major sector issues amid the rising trend of virus infections and death in the country. Following the previous day&rsq...

Stronger private sector critical for Bangladesh to realise its economic potential: Report

Stronger private sector critical for Bangladesh to realise its economic potential: Report

FE Online Desk 2021-06-23 14:45:32

Bangladesh needs to embark on a new round of reforms to strengthen and modernise the private sector in a bid to unleash the country’s potential to drive diversified, export-led growth and create...

Stocks open marginally higher with rising turnover

Stocks open marginally higher with rising turnover

FE ONLINE REPORT 2021-06-23 10:57:39

Stocks opened marginally higher on Wednesday as investors showed their buying spree on low-cap textile sector issues. Following the previous day’s marginal correction, the market opened on a po...

IPDC Finance to issue Tk 1.5b subordinated bond

IPDC Finance to issue Tk 1.5b subordinated bond

FE ONLINE REPORT 2021-06-23 10:49:59

The board of directors of IPDC Finance has decided to issue Tk 1.50 billion non-convertible unsecured coupon-bearing subordinated bond with six years tenure. The bond will be issued through private p...