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Anomalous projections lead to data anarchy

Anomalous projections lead to data anarchy

-- 2021-06-08 11:32:49

Noted economist Dr Debapriya Bhattacharya has expressed apprehension if the national statistical agency is losing its data leadership role to finance ministry. Pointing out multiple deficits and di...

Bourses open sharply lower

Bourses open sharply lower

FE ONLINE REPORT 2021-06-08 11:26:35

The stock market opened sharply lower on Tuesday as risk-averse investors opted for booking profit on quick-gaining stocks. After falling below the ‘psychological’ threshold of 6000-mark...

Ambee Pharma declares 15pc cash dividend

Ambee Pharma declares 15pc cash dividend

FE ONLINE REPORT  2021-06-08 11:19:31

The board of directors of Ambee Pharmaceuticals has recommended a 15 per cent cash dividend for the year ended on June 30, 2020. The final approval of the dividend will come during the annual general...

'Hard to fix progressive corporate tax rates in budget'

'Hard to fix progressive corporate tax rates in budget'

FE REPORT 2021-06-08 10:33:38

Tax officials have found it difficult to fix the progressive rates of corporate taxes in the national budget considering uncertainty of the economic situation. Both the members of income tax and va...

DSE key index dips below 6,000-mark

DSE key index dips below 6,000-mark

FE ONLINE REPORT 2021-06-07 15:52:31

Stocks tumbled on Monday with the benchmark index of the Dhaka Stock Exchange (DSE) dipped below the 6,000-mark after three days as risk-averse investors went on a selling binge on major sector issues...

JS passes Tk 139.87b supplementary budget

JS passes Tk 139.87b supplementary budget

-- 2021-06-07 15:43:26

Parliament has passed the supplementary budget of Tk Tk 139.87 billion for the fiscal 2020-21 to meet the increased expenditures under 19 different ministries and divisions. Finance Minister AHM Must...

Alongside Covid support, ADB to prioritise climate change in Bangladesh

Alongside Covid support, ADB to prioritise climate change in Bangladesh

-- 2021-06-07 11:32:30

The Asian Development Bank (ADB) must now prioritise climate change, while continuing to support economic recovery and the COVID-19 vaccination programme in Bangladesh, says a report released by ADB&r...

Stocks open marginally higher on proposed tax cut hopes

Stocks open marginally higher on proposed tax cut hopes

FE ONLINE REPORT 2021-06-07 11:08:10

The market opened marginally higher on Monday, after a mild correction in the previous day, as optimistic investors remained action on insurance sector stocks. After a record high turnover in the pre...

Planning Minister Mannan admits limitation in budget execution

Planning Minister Mannan admits limitation in budget execution

FE REPORT 2021-06-07 10:02:19

Planning Minister M A Mannan on Sunday admitted the existing budget implementation limitation, saying the government is pursuing necessary reforms to overcome the situation. "There remain historica...

DSE daily turnover hits 10.5-year  high

DSE daily turnover hits 10.5-year high

FE REPORT 2021-06-07 08:30:02

The daily trade turnover on Dhaka Stock Exchange (DSE) climbed to 10 and a half years high on Sunday since the country's stock market developed bubbles that soon burst. Turnover, a crucial indicato...

Tax liability for some businesses to go up

Tax liability for some businesses to go up

DOULOT AKTER MALA 2021-06-07 08:18:02

The tax liability of most businesses would go up, especially in the case of import-dependent companies and suppliers, due to the certain fiscal measures proposed in the new budget. The budget for the...

Stocks end post-budget session marginally lower

Stocks end post-budget session marginally lower

FE ONLINE REPORT 2021-06-06 17:29:34

Stocks ended marginally lower on Sunday, the first session after unveiling the national budget, as investors reacted mixed to the proposed budget. Finance Minister AHM Mustafa Kamal placed a record T...

Phoenix Insurance declares 15pc cash dividend for 2020

Phoenix Insurance declares 15pc cash dividend for 2020

-- 2021-06-06 11:21:55

The board of directors of Phoenix Insurance Company has recommended a 15 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annu...

Stocks open marginally lower on post-budget session

Stocks open marginally lower on post-budget session

FE ONLINE REPORT 2021-06-06 10:55:22

The market opened marginally lower on Sunday, the first session after unveiling the national budget, as investors reacted mixed to the proposed budget. DSEX, the prime index of the Dhaka Stock Exchan...

Attaining 7.2pc growth difficult, says ICAB

Attaining 7.2pc growth difficult, says ICAB

FE REPORT 2021-06-06 09:41:55

The Institute of Chartered Accountants of Bangladesh (ICAB) on Saturday in its budget reaction said achieving a growth target of 7.2 per cent will be "difficult but not impossible". The ICAB said the...

FBCCI seeks stimulus for small businesses

FBCCI seeks stimulus for small businesses

FE REPORT 2021-06-06 08:06:37

The country's apex trade promoter FBCCI has sought fresh stimulus for small businesses as, it believes, they are worst-affected by the coronavirus pandemic. The government earlier announced a package...

BGMEA urges government to review some budget proposals

BGMEA urges government to review some budget proposals

FE REPORT 2021-06-06 08:04:20

Hailing the proposed budget for the upcoming fiscal year 2021-22, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to review some of its proposals including...

NBR pins VAT collection hope on premium cigarettes, telcos and EFDs

NBR pins VAT collection hope on premium cigarettes, telcos and EFDs

DOULOT AKTER MALA 2021-06-06 07:52:45

The revenue board has projected the collection of an additional VAT revenue of Tk 60 billion from three areas in the upcoming fiscal year (FY). The Value Added Tax (VAT) is expected to come from toba...

Budget lacks proper assessment of COVID-19 impact, SANEM says

Budget lacks proper assessment of COVID-19 impact, SANEM says

-- 2021-06-05 20:14:35

Executive Director of the South Asian Network for Economic Modeling (SANEM) Dr Selim Raihan has said the proposed national budget has failed to make a proper assessment of the impact of the COVID-19 p...

CSOs term budget unjust, demand banking sector reform   

CSOs term budget unjust, demand banking sector reform  

FE ONLINE DESK   2021-06-05 18:40:47

The principle of redistributive justice has not been followed in formulating the proposed budget despite hardship faced by the commoners during the pandemic, a group of civil society organisations (CS...

Vaccinate 60 to 70pc people promptly to boost economic recovery, Dr Atiur suggests

Vaccinate 60 to 70pc people promptly to boost economic recovery, Dr Atiur suggests

FE ONLINE DESK 2021-06-05 17:46:30

Eminent economist Dr Atiur Rahman has said the government should prioritise vaccinating 60 to 70 per cent of the population as soon as possible to get success in social and economic recovery from pand...

FBCCI supports money whitening for investment in productive sector

FBCCI supports money whitening for investment in productive sector

FE Online Report 2021-06-05 15:44:25

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has supported the whitening of undisclosed money for investment in the productive sector. FBCCI President Md Jashim Uddin said t...

Budget private sector-friendly, says BCI

Budget private sector-friendly, says BCI

FE REPORT 2021-06-05 11:27:23

Terming the proposed budget for the next fiscal year a promising one, Bangladesh Chamber of Industries (BCI) on Friday said the government will face challenges while implementing it. "The government...

DSE believes budget to drive capital market development

DSE believes budget to drive capital market development

FE REPORT 2021-06-05 10:50:39

Dhaka Stock Exchange (DSE) has welcomed the proposed budget, terming it 'business-friendly and capital market development-oriented'. Finance Minister AHM Mustafa Kamal placed a record Tk 6.03 trillio...

Bangladesh's foreign aid dependency set to increase

Bangladesh's foreign aid dependency set to increase

FHM HUMAYAN KABIR 2021-06-05 09:02:44

Analysts have forecast increased reliance on foreign aid as the government targets 2.9-per cent external assistance of the gross domestic product (GDP) to minimise deficit. The dependency mooted for...

MCCI terms budget bold, forward-looking

MCCI terms budget bold, forward-looking

FE REPORT 2021-06-05 08:58:09

Congratulating Finance Minister A H M Mustafa Kamal, the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has said the budget for the upcoming fiscal year (FY), 2021-22, is 'courageous an...

Minister Kamal bats for expansionary policy

Minister Kamal bats for expansionary policy

JASIM UDDIN HAROON 2021-06-05 08:26:36

Finance Minister AHM Mustafa Kamal has said the government is pursuing an expansionary fiscal policy with an eye to boosting economic growth. "We're pursuing an expansionary fiscal policy and Banglad...

Allocation for agriculture 'enough', says Minister

Allocation for agriculture 'enough', says Minister

-- 2021-06-04 21:33:52

Agriculture Minister Dr Abdur Razzaque on Friday said enough allocation was given for the agriculture sector in the proposed national budget of 2021-22 fiscal year. "I feel no deficit in the allocati...

Retaining money whitening facility hinges on data availability, Kamal says

Retaining money whitening facility hinges on data availability, Kamal says

-- 2021-06-04 21:18:12

Finance Minister AHM Mustafa Kamal says the government at this moment lacks data on the outcome of the provision of legalising undisclosed income. He came up with the statement during a virtual news...

Govt says budgetary allocation for healthcare, vaccination adequate

Govt says budgetary allocation for healthcare, vaccination adequate

-- 2021-06-04 17:37:19

The government has sought to dispel concerns over the allocation for healthcare in the proposed budget, assuring that they would readily mobilise funds for the sector when necessary. The budgetary al...