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The Financial Express

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Bangladesh attains Asia's highest GDP growth in FY 2020-2021

Bangladesh attains Asia's highest GDP growth in FY 2020-2021

FE ONLINE DESK 2021-06-03 16:01:23

Bangladesh has been able to achieve a real GDP growth of 5.2 per cent, which is the highest in Asia, in the outgoing fiscal year (FY) 2020-2021. Finance Minister AHM Mustafa Kamal unveiled this while...

Inflation target set at 5.3pc for FY22

Inflation target set at 5.3pc for FY22

-- 2021-06-03 15:58:25

Bangladesh aims to keep the average inflation rate at 5.3 per cent in fiscal 2021-22 as part of the efforts to prevent a price spiral amid the coronavirus pandemic. The inflation target was set out i...

Bangladesh allocates Tk 100 billion for emergency response to Covid-19 pandemic

Bangladesh allocates Tk 100 billion for emergency response to Covid-19 pandemic

-- 2021-06-03 15:50:57

Bangladesh plans to set aside Tk 100 billion in the coming fiscal year to meet expenses related to unanticipated emergencies due to the COVID-19 pandemic. The amount is consistent with that of the cu...

Bangladesh unveils 50th budget worth Tk 6.03 trillion

Bangladesh unveils 50th budget worth Tk 6.03 trillion

FE ONLINE DESK 2021-06-03 15:21:20

The government has unfurled the national budget for the next fiscal year (FY) 2021-22. Finance Minister A H M Mustafa Kamal placed the budget titled 'Jibon jibikar pradhanya diye sudriro agamir pothe...

Cabinet approves proposed budget for next fiscal

Cabinet approves proposed budget for next fiscal

-- 2021-06-03 14:55:03

The Cabinet at a special meeting on Thursday approved the proposed 50th national budget for the fiscal year 2021-22, seeking to revive the pandemic-hit economy, UNB reports. Prime Minister Sheikh Has...

Stocks open sharply higher on budget hopes

Stocks open sharply higher on budget hopes

FE ONLINE REPORT 2021-06-03 10:59:17

The market opened sharply higher on Thursday as investors are putting fresh bets on stocks amid budgetary expectations. Finance Minister AHM Mustafa Kamal is set to unveil the national budget for the...

Bangladesh's debt servicing on rise

Bangladesh's debt servicing on rise

FHM HUMAYAN KABIR 2021-06-03 09:23:17

Bangladesh's debt servicing to overseas lenders is rising year-on-year, as the government opts for higher hard-term borrowing in recent years, analysts said on Monday. The debt servicing against di...

Bangladesh's 2020 jobless rate up at 5.3pc: ILO

Bangladesh's 2020 jobless rate up at 5.3pc: ILO

MONIRA MUNNI 2021-06-03 08:31:43

Bangladesh's unemployment rate increased by 1.1 per cent to 5.3 per cent in 2020 mainly due to the Covid-19 pandemic that created a labour market crisis globally, according to a new assessment by th...

Government's bank borrowing target set at Tk 760b for 2021-22 fiscal year

Government's bank borrowing target set at Tk 760b for 2021-22 fiscal year

SIDDIQUE ISLAM 2021-06-03 08:25:05

The government is likely to set its borrowing target from the banking system at over Tk 760 billion to finance the budget deficit in the next fiscal year (FY), officials said. The bank borrowing fo...

Bangladesh set to unveil 2nd Covid-time budget today

Bangladesh set to unveil 2nd Covid-time budget today

JASIM UDDIN HAROON 2021-06-03 08:07:28

The government unfurls the national budget for the next fiscal year (FY), 2021-22, today (Thursday), prioritising Covid-19, health sector, social safety-net and agriculture. Finance Minister A H M Mu...

DSEX crosses 6,000-mark again    

DSEX crosses 6,000-mark again    

FE ONLINE REPORT 2021-06-02 18:01:02

The benchmark index of the Dhaka Stock (DSE) surpassed the ‘psychological’ threshold of 6,000-mark again on Wednesday as investors went on late hours buying spree on financial stocks. Aft...

NID services to be provided from Home Ministry

NID services to be provided from Home Ministry

-- 2021-06-02 16:41:12

All the activities relating to National Identity (NID) cards will be provided from the Home Ministry within the next two months. Liberation War Affairs Minister AK Mozammel Haque came up with the ann...

Bata Shoe incurs Tk 96.94 loss per share in 2020

Bata Shoe incurs Tk 96.94 loss per share in 2020

FE ONLINE REPORT 2021-06-02 12:34:09

Bata Shoe Company (Bangladesh), for the first time in its business history, has incurred a huge loss in the year ended on December 31, 2020, as sales collapsed due to the coronavirus pandemic. T...

Stocks volatile in early trading ahead of budget

Stocks volatile in early trading ahead of budget

FE ONLINE REPORT 2021-06-02 11:42:01

Stocks witnessed choppy trading in early hours on Wednesday as investors mostly followed cautious stance ahead of the national budget. Finance Minister AHM Mustafa Kamal is set to unveil the national...

Two more insurers declare dividend for 2020

Two more insurers declare dividend for 2020

FE ONLINE REPORT 2021-06-02 11:03:23

Two more general insurers – Asia Insurance and Global Insurance Company – have declared dividends for the year ended on December 31, 2020. Asia Insurance: The board of directors of&n...

Initiative taken to devise strategy to cushion shocks to export

Initiative taken to devise strategy to cushion shocks to export

REZAUL KARIM 2021-06-02 10:26:12

The government has taken an initiative to devise a strategy to cushion possible external shocks to the country's export trade, officials said. While working out the strategy, they said, the governmen...

MBL vows to grab top position

MBL vows to grab top position

SIDDIQUE ISLAM 2021-06-02 10:12:19

Mercantile Bank Limited (MBL) has taken a series of measures to become one of the country's top five financial institutions in the near future in terms of market share, its top executive has said. As...

Give priority to people's welfare in budget: BEA

Give priority to people's welfare in budget: BEA

FE REPORT 2021-06-02 09:49:36

Bangladesh Economic Association (BEA) on Tuesday placed an alternative national budget of Tk 17.39 trillion, which is 68.4 per cent of the country's GDP, for the fiscal year (FY) 2021-22. The platfor...

Inward remittances soar 39pc in first 11 months

Inward remittances soar 39pc in first 11 months

SIDDIQUE ISLAM 2021-06-02 09:23:32

The inflow of remittances reached nearly US$ 23 billion in the first 11 months of the current fiscal year (FY), registering an increase of more than 39 per cent despite the Covid-19 pandemic, official...

Regulator set to impose curb on bonus share issuance

Regulator set to impose curb on bonus share issuance

MOHAMMAD MUFAZZAL 2021-06-02 09:03:40

Five types of listed companies, including the 'Z' category ones, are set to be barred from issuing bonus shares without justified reason of business expansion and the regulatory permission as well. T...

FM, his Australian counterpart discuss progress on TIFA

FM, his Australian counterpart discuss progress on TIFA

-- 2021-06-01 21:57:09

Bangladesh and Australia are in discussion to sign a Trade and Investment Framework Agreement (TIFA) as the two countries want to take the relations to a new height shifting from development assistanc...

Stocks end nearly flat ahead of budget

Stocks end nearly flat ahead of budget

FE ONLINE REPORT 2021-06-01 16:46:19

Stocks ended almost flat on Tuesday after volatile trading as investors mostly followed a cautious stance ahead of the national budget. Finance Minister AHM Mustafa Kamal is set to unveil the nationa...

Northern Islami Insurance declares 10pc cash dividend

Northern Islami Insurance declares 10pc cash dividend

FE ONLINE REPORT 2021-06-01 11:38:45

The board of directors of Northern Islami Insurance has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual...

Pragati Insurance recommends record 30pc cash dividend for 2020

Pragati Insurance recommends record 30pc cash dividend for 2020

FE ONLINE REPORT 2021-06-01 11:23:24

The board of directors of Pragati Insurance has recommended a record high 30 per cent cash dividend for the year ended on December 31, 2020. It is Pragati Insurer's highest cash dividend recommendati...

DSEX crosses 6,000-mark at opening

DSEX crosses 6,000-mark at opening

FE ONLINE REPORT 2021-06-01 10:44:58

Stocks opened sharply higher on Tuesday, after a single-day break, with the key index of the major bourse crossing the 6,000-mark again amid buying spree. Within the first 30 minutes of trading, DSEX...

Sukuk investors may be offered fiscal benefits

Sukuk investors may be offered fiscal benefits

FE REPORT 2021-06-01 09:46:40

The government is likely to offer fiscal benefits in order to attract investment in Sukuk, a bond-like instrument used in Islamic finance. The existing gain tax at a rate of 4.0 per cent might be wai...

Bangladesh set to miss revenue target, thanks to pandemic impact

Bangladesh set to miss revenue target, thanks to pandemic impact

DOULOT AKTER MALA 2021-06-01 08:47:50

The revenue board is almost certain that the revenue receipt during the outgoing fiscal year (FY) will fall far short of the revised target because of the pandemic effect. The National Board of Reven...

Institutional weakness blunts Covid response: CPD

Institutional weakness blunts Covid response: CPD

FE REPORT 2021-06-01 08:41:26

The government's efforts to mitigate public sufferings and overcome the adverse impacts of coronavirus on the economy have been marred by institutional weaknesses and inability to implement its reform...

‘Budget must focus more on protecting jobs, less on GDP growth’

‘Budget must focus more on protecting jobs, less on GDP growth’

-- 2021-05-31 20:06:00

The national budget for fiscal year 2021-22 (FY22) should focus more on equity, redistributive justice, protecting jobs and saving lives, and less on economic growth, according to the Centre for Polic...

DSEX slips below 6,000-mark after single-day

DSEX slips below 6,000-mark after single-day

FE ONLINE REPORT 2021-05-31 17:49:54

The core index of the Dhaka Stock (DSE) fell below the 6,000-mark on Monday, after staying above a single day, as risk-averse investors opted for booking profit on quick-gaining stocks. DSEX, the pri...