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The Financial Express

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Focus on equity & redistribution in budget, argues CPD

Focus on equity & redistribution in budget, argues CPD

FE ONLINE REPORT 2021-05-31 13:46:48

The national budget for the fiscal year 2021-22 (FY22) needs to focus more on equity and redistributive justice as well as protecting jobs and saving lives, argues a leading think-tank of the country...

Confidence Cement’s Q3 profit jumps 247pc

Confidence Cement’s Q3 profit jumps 247pc

FE ONLINE REPORT 2021-05-31 12:12:27

Confidence Cement has posted an impressive 247 per cent growth in its third-quarter (Q3) profits for January-March, 2021 due to increased sales volume and income from sale of a subsidiary company. In...

Stocks open flat amid volatile trading

Stocks open flat amid volatile trading

FE ONLINE REPORT 2021-05-31 10:49:43

The market witnessed volatility at the opening on Monday after hitting the core index of the major bourse 40 months high in the previous day. The investors mostly followed cautious approaches and som...

Union Capital declares ‘no’ dividend for 2020

Union Capital declares ‘no’ dividend for 2020

FE ONLINE REPORT 2021-05-31 10:28:50

The board of directors of Union Capital has recommended no dividend for the year ended on December 31, 2020, as the company continued to incur loss. The non-bank financial institution has incurred a...

BSEC approves Tk 5.0b mudaraba bond by EXIM Bank

BSEC approves Tk 5.0b mudaraba bond by EXIM Bank

FE REPORT 2021-05-31 09:15:37

The securities regulator has approved the proposal of issuing mudaraba subordinated bond worth Tk 5.0 billion by the EXIM Bank. The approval came Sunday at a meeting held at the office of the Banglad...

Bangladesh to earmark Tk 100b in budget to pay interest subsidy

Bangladesh to earmark Tk 100b in budget to pay interest subsidy

FE REPORT 2021-05-31 08:53:45

The government will set aside some Tk 100 billion in the budget for next fiscal year (FY), 2021-22, to provide subsidy against interest of the 23 Covid-linked incentive packages, officials said. Such...

PRAN Agro issues Tk 2.1b international bond

PRAN Agro issues Tk 2.1b international bond

FE REPORT 2021-05-31 08:45:15

PRAN Agro Limited (PAL), one of the country's leading agro processors, has issued a non-convertible international bond worth Tk 2.1 billion which is first of its kind in Bangladesh. The company has s...

Bourses attract a paltry amount of black money, facility may not continue

Bourses attract a paltry amount of black money, facility may not continue

DOULOT AKTER MALA 2021-05-31 08:25:31

Belying the policymakers expectations, only a meagre amount of 'undisclosed' funds, legalised under a controversial tax exemption facility, flowed into the country's bourses until May 25 of the curren...

Sanem conference focusses  policy reforms to boost private sector investment

Sanem conference focusses  policy reforms to boost private sector investment

UNB 2021-05-30 22:40:15

Economists at a webinar on Sunday urged the government to focus on policy reforms to boost private sector investment which is essential to stimulate the post-COVID recovery process. They also remarke...

DSEX exceeds 6000-mark after 40 months

DSEX exceeds 6000-mark after 40 months

FE ONLINE REPORT 2021-05-30 16:06:54

The benchmark index of the Dhaka Stock (DSEX) crossed the ‘psychological’ threshold of 6,000-mark on Sunday after nearly 40 months as investors continued to put bets on the stocks amid bud...

Stock market opens marginally higher

Stock market opens marginally higher

FE ONLINE REPORT 2021-05-30 11:24:34

The stock market opened marginally higher on Sunday as investors followed a cautious approach after a big jump in the previous session. Following the previous session’s sharp rise, the market o...

Eastern Housing’s Q3 EPS almost doubles

Eastern Housing’s Q3 EPS almost doubles

FE ONLINE REPORT 2021-05-30 11:08:27

Eastern Housing, one of the country’s oldest real estate companies, has posted a 96 per cent increase in its third quarter (Q3) earnings for January-March, 2021 compared to the same quarter of t...

Stock market regulatory reforms hailed

Stock market regulatory reforms hailed

Mohammad Mufazzal 2021-05-30 09:28:16

Experts and stakeholders have hailed the regulatory reforms brought in rules and the actions taken against the wrong doers to enhance good governance in the country's capital market. Their evaluation...

OKUP demands budget allocation equivalent to 10pc of remittances

OKUP demands budget allocation equivalent to 10pc of remittances

FE REPORT 2021-05-30 09:07:33

Ovibashi Karmi Unnayan Programme (OKUP) has demanded allocation equivalent to 10 per cent of total remittances, sent by migrant workers annually, in the upcoming national budget for ensuring the welfa...

Fiscal steps likely to make contractors tax-compliant

Fiscal steps likely to make contractors tax-compliant

DOULOT AKTER MALA 2021-05-30 08:53:10

The government is likely to impose fiscal measures in the upcoming budget that is expected to compel the contractors to become tax-compliant in case of realizing their bills, sources said. The contra...

Economists, businessmen for assessing pandemic effects, recasting taxation

Economists, businessmen for assessing pandemic effects, recasting taxation

FE REPORT 2021-05-30 08:35:49

Reforms in the taxation system, proper assessment of the pandemic impact on the economy and optimum utilisation of the stimulus packages remain key to making businesses competitive, stakeholders said...

‘Bangladesh is showcasing its economic rise’   

‘Bangladesh is showcasing its economic rise’  

FE ONLINE REPORT 2021-05-29 20:39:47

“From providing India with Covid relief materials to extending financial help to Sri Lanka in its hour of crisis, Bangladesh has started to showcase its economic rise, ” wrote Indian digit...

Agriculture to get increased subsidy in the upcoming budget

Agriculture to get increased subsidy in the upcoming budget

UNB 2021-05-29 17:53:10

Government subsidies in the upcoming budget for the fiscal year 2021-22 is likely increase by Tk 100 billion with the agriculture sector slated to get the highest allocation, official sources said on...

Sonali Life's IPO subscription begins Sunday

Sonali Life's IPO subscription begins Sunday

FE REPORT 2021-05-29 10:06:22

The IPO subscription of Sonali Life Insurance, the first company under the newly introduced pro-rata basis, will begin tomorrow (Sunday), aiming to raise Tk 190 million under the fixed price method....

Bangladesh's capital machinery imports record remarkable decline

Bangladesh's capital machinery imports record remarkable decline

FHM HUMAYAN KABIR 2021-05-29 09:26:11

The capital machinery import has declined notably in recent months, reflecting the negative impact the Covid-19 is having on the country's economy, analysts said on Friday. Statistics show the capita...

2nd wave of Covid may again widen budget deficit

2nd wave of Covid may again widen budget deficit

JASIM UDDIN HAROON 2021-05-29 08:04:43

Budget deficit has shrunk to some extent in the first nine months of the current fiscal year to March 2021 mainly due to higher revenue receipts. Economists, however, foresee a reversal in the trend...

Kuakata under threat of losing tourism potential due to pollution, mismanagement

Kuakata under threat of losing tourism potential due to pollution, mismanagement

FE ONLINE REPORT 2021-05-28 18:13:19

One of the biggest tourist spots in the country is under threat of plastic and sound pollution due to uncontrolled tourism, according to a report by the Marine Journalists Network. At least 50,000-60...

DSE crosses 5900-mark again on buying spree

DSE crosses 5900-mark again on buying spree

FE ONLINE REPORT 2021-05-27 18:53:57

The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 5,900-mark again on Thursday with its market-cap hit an all-time high as enthusiastic investors put fresh bets on stocks amid high h...

DSEX exceeds 5900-mark at opening

DSEX exceeds 5900-mark at opening

FE ONLINE REPORT 2021-05-27 11:19:17

The market opened sharply higher on Thursday as investors continued to make fresh bets on major sector stocks amid high expectations. Following the previous two days’ big gain, the market wit...

Republic Insurance declares 14pc dividend for 2020

Republic Insurance declares 14pc dividend for 2020

FE Online Report 2021-05-27 09:58:54

The board of directors of Republic Insurance Company has recommended 7.0 per cent cash and 7 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will c...

Most listed MNCs declare hefty dividend

Most listed MNCs declare hefty dividend

BABUL BARMAN 2021-05-27 09:27:04

Most of the listed multinational companies (MNCs) have recommended substantial amount of cash dividends for the year ended on December 31, 2020, maintaining their profit growth. Currently, there ar...

NBR to make fish farming less attractive for tax evaders!

NBR to make fish farming less attractive for tax evaders!

DOULOT AKTER MALA 2021-05-27 09:07:56

The National Board of Revenue (NBR) is likely to impose a higher rate of tax on income from fish farming in the next budget if the earnings exceed a certain ceiling, officials said. The government is...

Bangladesh urged to sign FTA with Malaysia

Bangladesh urged to sign FTA with Malaysia

FE REPORT 2021-05-27 09:03:09

Instead of sticking to the revenue loss issue, Dhaka should sign Free Trade Agreement (FTA) with Kuala Lumpur to attract investment, raise export and ensure jobs of Bangladeshis in Malaysia. This was...

Cap on cash transactions mobile financial services likely

Cap on cash transactions mobile financial services likely

DOULOT AKTER MALA 2021-05-27 08:40:31

The tax authority may impose a limit on cash transactions from merchant accounts through Mobile Financial Services (MFS) in the upcoming fiscal year (FY), sources said. The tax officials would not al...

Ministry proposes import tax on computer, laptop

Ministry proposes import tax on computer, laptop

ISMAIL HOSSAIN 2021-05-27 08:36:11

A ministry has proposed to impose 30-32 per cent tax on the import of computer and laptop to facilitate developing domestic industry, sources said. The Ministry of Telecommunication and ICT has put f...