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The Financial Express

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Bangladesh to receive $940m ADB loan to bankroll jab purchase

Bangladesh to receive $940m ADB loan to bankroll jab purchase

FE REPORT 2021-06-23 08:39:06

The Asian Development Bank (ADB) will provide Bangladesh with US$940 million for purchasing safe and effective vaccines against the coronavirus disease (COVID-19). The ADB Board gave the approval to...

Institutional structure necessary to protect char people, Atiur says

Institutional structure necessary to protect char people, Atiur says

-- 2021-06-22 19:15:36

Former governor of Bangladesh Bank and National Char Alliance President Dr. Atiur Rahman has urged the policymakers to take an effective initiative for building an institutional structure for the peop...

ACCA revisits its ‘12 Tenets of Tax’

ACCA revisits its ‘12 Tenets of Tax’

-- 2021-06-22 18:57:20

ACCA believes that a clear exposition of what makes an efficient and just tax system in the 21st century is essential. As tax rises up the political agenda, ACCA revisits its ‘12 Tenets of Tax&r...

Outward FDI from Bangladesh drops further in 2020

Outward FDI from Bangladesh drops further in 2020

FE Online Report 2021-06-22 15:23:48

Net outflow of foreign direct investment (FDI) from Bangladesh declined further in 2020, according to World Investment Report (WIR) 2021. Released by the United Nations Conference on Trade and Develo...

Dhaka stocks open marginally lower

Dhaka stocks open marginally lower

FE ONLINE REPORT 2021-06-22 10:54:42

Dhaka stocks opened marginally lower on Tuesday, after hitting a 41-month high the previous day, as cautious investors kept booking some profit on quick-gaining issues. Following the previous day&rsq...

Rupali Bank declares 10pc stock dividend for 2020

Rupali Bank declares 10pc stock dividend for 2020

FE Online Report 2021-06-22 10:44:04

The board of directors of state-run Rupali Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual gene...

Cash margin mandatory for issuance of bank guarantee for external loans

Cash margin mandatory for issuance of bank guarantee for external loans

FE REPORT 2021-06-22 10:12:33

The central bank has tightened its policy by imposing a minimum 5.0 per cent cash margin for issuance of bank guarantees against term loans from overseas sources to mitigate the risks involved, offici...

Prime Life Insurance declares ‘no’ dividend for first time after listing

Prime Life Insurance declares ‘no’ dividend for first time after listing

FE ONLINE REPORT 2021-06-22 10:02:57

The board of directors of Prime Islami Life Insurance has recommended ‘no’ dividend for the year ended on December 31, 2020. The life insurer declared ‘no’ dividend for the fi...

Hitting revenue target key challenge: PRI-MCCI webinar

Hitting revenue target key challenge: PRI-MCCI webinar

FE REPORT 2021-06-22 09:53:34

Although the FY2021-22 budget favours businesses, its implementation will be the key challenge, thanks to an uncertainty over meeting the revenue realisation target. It will be tough for the governme...

DSEX crosses 6,100-mark after 41 months

DSEX crosses 6,100-mark after 41 months

FE ONLINE REPORT 2021-06-21 16:34:07

The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 6,100-point mark on Monday. DSEX, the prime index of the DSE, rose 56 points or 0.92 per cent to settle at 6,125. It was the highest...

Recovery of FDI inflow in Bangladesh will be delayed, says UNCTAD

Recovery of FDI inflow in Bangladesh will be delayed, says UNCTAD

FE Online Report 2021-06-21 12:00:56

After the two consecutive years of decline in the inflows of foreign direct investment (FDI) in Bangladesh, the recovery is likely to take more time. World Investment Report (WIR) 2021, released by t...

DSEX exceeds 6100-mark at opening

DSEX exceeds 6100-mark at opening

FE ONLINE REPORT 2021-06-21 11:00:10

The market opened sharply higher on Monday with the key index of the Dhaka Stock Exchange (DSE) crossing the 6,100-mark in early trading as investors are showing buying spree on major sector issues....

GPH Ispat starts commercial production at new plant

GPH Ispat starts commercial production at new plant

FE ONLINE REPORT 2021-06-21 10:57:19

GPH Ispat, a listed steel manufacturing company, started commercial production at its new Tk 23.90 billion expansion plant on Monday. The company started commercial production using state-o...

'Investments, jobs key to economic recovery'

'Investments, jobs key to economic recovery'

FE REPORT 2021-06-21 10:49:31

Increasing investment, sustaining domestic demand, and creating employment in the coming days are vital for the economic recovery of the country that should pay special attention to the small and me...

Dhaka halves project cost to access Chinese loan

Dhaka halves project cost to access Chinese loan

MIR MOSTAFIZUR RAHAMAN 2021-06-21 10:09:43

The government has halved the commercial contract value of the project titled 'Establishing Digital Connectivity' to US$ 473 million from $ 984.70 million, apparently to ensure easy access to Chinese...

Activists call for mapping out green growth model for sustainable development

Activists call for mapping out green growth model for sustainable development

FE REPORT 2021-06-21 10:02:15

Speakers at a webinar on Sunday said the country needed a right kind of green growth model for its successful transition to sustainable development from a polluting one. The model should be formulate...

Experts for raising hygiene allocation in FY22 budget to fight Covid

Experts for raising hygiene allocation in FY22 budget to fight Covid

FE ONLINE REPORT 2021-06-20 19:52:23

Experts urged the government to raise the allocation on hygiene in the proposed national budget for 2021-22 fiscal year (FY22) as a key priority to fight Covid-19 and keep the progress to meet SDG goa...

IFIC Bank plans to raise Tk 10b through perpetual bonds

IFIC Bank plans to raise Tk 10b through perpetual bonds

-- 2021-06-20 17:59:08

International Finance Investment and Commerce (IFIC) Bank plans to issue Tk 10 billion worth of perpetual bonds to raise capital.Of the Tk 10 billion, Tk 9 billion will be sold through private placeme...

Issuance of Bangladesh's 1st municipal bond being delayed

Issuance of Bangladesh's 1st municipal bond being delayed

MOHAMMAD MUFAZZAL 2021-06-20 15:41:35

The issuance of the country's first municipal bond still hangs in balance even though two key government agencies issued clearance in this regard nine months ago. Dhaka North City Corporation (DNCC)...

Stocks open marginally lower on profit booking

Stocks open marginally lower on profit booking

FE ONLINE REPORT 2021-06-20 10:48:36

The market opened marginally lower on Sunday as risk-averse investors booked some profit on quick-gaining stocks. Following the previous week’s correction, the market opened lower and the DSE...

IFIC Bank to raise Tk 10b through perpetual bond

IFIC Bank to raise Tk 10b through perpetual bond

FE Online Report 2021-06-20 10:35:20

The board of directors of IFIC Bank has decided to raise Tk 10 billion through issuance of perpetual bonds to boost the capital base of the bank. The bank will issue the bond for raising funds as add...

Bond market needs to be made 'visible': Salman Rahman

Bond market needs to be made 'visible': Salman Rahman

FE REPORT 2021-06-20 08:55:13

Mr Salman F Rahman, adviser to the prime minister on private industry and investment, on Saturday laid emphasis on making the country's bond market 'visible' to the investors. "The basic problem of t...

Covid fallout may further weaken democracy in South Asia, says Indian economist Nayyar

Covid fallout may further weaken democracy in South Asia, says Indian economist Nayyar

FE Report 2021-06-20 08:46:53

The fallout from Covid may further weaken the democracy in South Asian region as the political governments there have been inclined to undermine the democratic practices, Professor Deepak Nayyar, a pr...

Govt seeks higher growth for lower poverty, says budget document

Govt seeks higher growth for lower poverty, says budget document

UNB 2021-06-19 20:02:12

A higher economic growth remains on top of the government's agenda for reducing poverty and inequalities that will lead to improved living standard of low-income people, according to a document in the...

Weak execution capacity creates corruption: SANEM conference

Weak execution capacity creates corruption: SANEM conference

FE REPORT 2021-06-19 11:53:08

The policies, rules and laws formulated through replicating the best practices create the scope of corruption in developing countries due to the weak implementation capacity of institutions, an econom...

South Bangla Bank's IPO subscription begins July 5

South Bangla Bank's IPO subscription begins July 5

FE REPORT 2021-06-19 11:24:56

The initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) will begin on 5 July, aiming to raise Tk 1.0 billion under the fixed price method. The private le...

Number of IPO applications for Sonali Life Ins falls drastically

Number of IPO applications for Sonali Life Ins falls drastically

FE REPORT 2021-06-19 10:48:40

The number of IPO applications for Sonali Life Insurance Company has dropped drastically in the newly introduced pro rata basis allotment. But the overall subscription in terms of amount was oversubsc...

$250m ADB loan for safety-net overhaul

$250m ADB loan for safety-net overhaul

FE REPORT 2021-06-19 09:02:21

The Asian Development Bank (ADB) would provide US$250 million policy-based loan to Bangladesh for facilitating reforms in improving social safety-net programmes amid the Covid-19 pandemic. The Board...

Regulator lifts floor prices of all shares

Regulator lifts floor prices of all shares

FE REPORT 2021-06-18 08:35:06

The country's stock market has returned to standard price movement system, as the securities regulator has lifted floor prices of all listed securities, set earlier to contain abnormal price fall amid...

Bangladesh-linked money in Swiss banks falls

Bangladesh-linked money in Swiss banks falls

ASJADUL KIBRIA 2021-06-18 08:25:56

Deposits in Swiss banks by Bangladeshi nationals and entities declined by 8.23 per cent to CHF (Swiss Franc) 562.86 million in 2020, according to latest data. The Bangladesh-linked money, considered...