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The Financial Express

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DSE gains, CSE falls at opening

DSE gains, CSE falls at opening

FE ONLINE REPORT 2021-05-04 11:50:09

Dhaka stocks opened higher on Tuesday as bargain hunters showed their buying appetite riding on the regulatory move and better-than-expected corporate declarations by some companies. The market opene...

Foreign companies allowed to be sponsor of mutual funds

Foreign companies allowed to be sponsor of mutual funds

FE Report 2021-05-04 10:24:30

Foreign companies from now on will be allowed to be the sponsor of mutual funds (MFs) managed by local fund managers. The Bangladesh Securities and Exchange Commission (BSEC) on Monday took the decis...

NBR to settle 30,000 'short shipments' thru' Asycuda

NBR to settle 30,000 'short shipments' thru' Asycuda

DOULOT AKTER MALA 2021-05-04 10:14:51

The National Board of Revenue (NBR) has decided to settle some 30,000 export shipments using Asycuda system following difficulties of the exporters concerned to avail cash incentives from the central...

India disburses only 12pc of pledged credit so far

India disburses only 12pc of pledged credit so far

FHM HUMAYAN KABIR 2021-05-04 10:10:50

India has disbursed only US$895 million worth of assistance in last one decade against its commitment of $7.50 billion worth of three lines of credit (LoCs) during the period, officials said on Friday...

Bangladesh's foreign exchange reserve crosses $45b mark

Bangladesh's foreign exchange reserve crosses $45b mark

SIDDIQUE ISLAM 2021-05-04 09:55:44

Bangladesh's foreign exchange (forex) reserve crossed US$45 billion-mark for the first time on Monday following lower import payment obligations and higher growth of inward remittance, officials said....

Corn crop brings prosperity in northern region

Corn crop brings prosperity in northern region

THOMSON REUTERS FOUNDATION 2021-05-03 15:25:10

The people of Shaniazan union, in northern Bangladesh, still remember when a river burst its banks in the early 1990s and engulfed their homes, leaving the land too sandy to grow traditional rice and...

Remittance rules relaxed for e-CAB members

Remittance rules relaxed for e-CAB members

-- 2021-05-03 09:34:55

The central bank has allowed banks to provide remittance facilities to the e-commerce platforms for facilitating their activities in Bangladesh, officials said. All authorized dealer (AD) banks are n...

Bangladesh's business confidence shattered by Covid surge: Survey

Bangladesh's business confidence shattered by Covid surge: Survey

-- 2021-05-03 09:14:01

Industries are again worried about their future as business activities have slowed down in the second quarter of 2021 following a strong resurgence of the Covid-19, according to a survey. As per the...

68pc of businesses yet to receive any stimulus, says SANEM

68pc of businesses yet to receive any stimulus, says SANEM

UNB 2021-05-02 22:38:11

Insufficient allocation, lengthy procedure, difficulty in bank-related services, and lack of information about the procedure left 68 per cent of businesses unable to avail the government's stimulus pa...

Export earnings reach $3.13b in April

Export earnings reach $3.13b in April

FE Online Report 2021-05-02 20:50:45

The single month export earnings in April, 2021 grew by over 500 per cent to $3.13 billion mainly due to reopening of major importing countries’ economies that helped the recovery of readymade...

Remittance inflow witnesses 39pc growth in 10 months

Remittance inflow witnesses 39pc growth in 10 months

-- 2021-05-02 20:02:27

Expatriate Bangladeshis sent $20,672 million in remittance during the first 10 months of the current fiscal 2020- 21, which is apparently 39 per cent higher than the same period of the preceding year,...

Beximco Pharma’s Q3 profit rises 62.38pc, partly on vaccine fees

Beximco Pharma’s Q3 profit rises 62.38pc, partly on vaccine fees

-- 2021-05-02 15:45:51

Beximco Pharmaceuticals Ltd’s net profit rose 62.38 per cent year-on-year in the January-March quarter, partly riding on its income from vaccine distribution in Bangladesh. In a stock exchange...

Stocks rise at opening amid eased virus worries

Stocks rise at opening amid eased virus worries

FE ONLINE REPORT 2021-05-02 11:10:21

Stocks opened higher on Sunday as bargain hunters showed their buying appetite riding on the regulatory move and better than expected corporate declarations by some companies. The market opened highe...

Seven more listed cos declare dividends

Seven more listed cos declare dividends

FE ONLINE REPORT 2021-05-02 10:26:40

The board of directors of seven more listed companies, including two banks, have recommended a dividend between 2.0 per cent and 20 per cent for the year ended on December 31, 2020. The companies are...

Dhaka, Delhi need much stronger framework for future economic ties, says Debapriya

Dhaka, Delhi need much stronger framework for future economic ties, says Debapriya

-- 2021-05-01 17:24:29

Distinguished Fellow at the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya has said Bangladesh and India need a “much more robust framework” for their future economic relations...

Reckitt Benckiser declares record 1400pc cash dividend

Reckitt Benckiser declares record 1400pc cash dividend

FE REPORT 2021-05-01 10:48:26

Reckitt Benckiser, a UK-based listed multinational company, has declared 1400 per cent cash dividend for the year 2020 as the company earned record profit, thanks to the boom in disinfectant business...

Government unlikely to meet bank borrowing target this fiscal

Government unlikely to meet bank borrowing target this fiscal

SIDDIQUE ISLAM 2021-05-01 09:41:17

The government's bank borrowing target is unlikely to be achieved by the end of this fiscal year (FY) due to lower implementation of the annual development programme (ADP) caused by the ongoing Covid-...

Bangladesh's fiscal space, deficit set to take a hit

Bangladesh's fiscal space, deficit set to take a hit

JASIM UDDIN HAROON 2021-05-01 09:39:37

The ongoing 'lockdown', enforced to curb Covid infections and fatalities, is set to cut the country's economic growth prospects for the current financial year (FY 2020-21). The economy was in a recov...

'Bangladesh has to make doing business easy'

'Bangladesh has to make doing business easy'

OUR CORRESPOMDENT 2021-04-30 10:59:18

CHATTOGRAM: After its United Nations status graduation in 2026, Bangladesh may lose most of the preferential trade benefits from countries and blocs of its main export destinations if the South Asian...

Small businesses count on next budget to stay afloat

Small businesses count on next budget to stay afloat

-- 2021-04-29 15:29:28

Hit hard by the second wave of the Covid-19 pandemic, Bangladesh's small and medium enterprises (SMEs) are now pinning hopes on the upcoming budget to stay afloat. Not to mention that the survival of...

Govt’s 7.4pc growth projection ‘highly optimistic’, says CPD

Govt’s 7.4pc growth projection ‘highly optimistic’, says CPD

FE Online Report 2021-04-29 12:32:20

A leading think-tank today (Thursday) terms the government’s forecast that the country’s economy would grow by 7.40 per cent in the current fiscal year (FY21) ‘a highly optimistic pr...

Stocks soar at opening amid high turnover

Stocks soar at opening amid high turnover

FE ONLINE REPORT 2021-04-29 11:12:17

Stocks opened higher on Thursday as bargain hunters showed their buying appetite riding on the regulatory move and expected corporate declaration by some listed companies. The market opened on a posi...

BSEC moves to facilitate renewal of PPAs with listed power companies

BSEC moves to facilitate renewal of PPAs with listed power companies

Mohammad Mufazzal 2021-04-29 11:09:37

The securities regulator has moved to facilitate the renewal of the power purchase agreements (PPAs) earlier signed between the government and some listed power companies. The officials of the Bangla...

22-member high powered body formed to tackle LDC graduation challenges

22-member high powered body formed to tackle LDC graduation challenges

FE REPORT 2021-04-29 10:49:54

The Prime Minister's Office (PMO) has formed a high-powered committee to find out the possible challenges of the country after graduating from the least developed country (LDC) in 2026 and overcome...

Standard Bank declares 2.5pc cash, 2.5pc stock dividend

Standard Bank declares 2.5pc cash, 2.5pc stock dividend

FE ONLINE REPORT 2021-04-29 10:43:38

The board of directors of Standard Bank has recommended 2.5 per cent cash and 2.5 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during...

Tk 12.93b sought for paying tax for widening 54km road

Tk 12.93b sought for paying tax for widening 54km road

FHM HUMAYAN KABIR 2021-04-29 10:41:54

The Roads and Highways Department (RHD) has sought to spend Tk 12.93 billion as tax and VAT for widening a 54km road with support from the Indian Line of Credit (LoC) in eastern Bangladesh, insiders h...

Heidelberg Cement declares 20pc cash dividend

Heidelberg Cement declares 20pc cash dividend

FE ONLINE REPORT 2021-04-29 10:28:11

The board of directors of Heidelberg Cement Bangladesh has recommended 20 per cent cash dividend for the year ended on December 31, 2020, out of funds available for appropriation. The final approval...

GDP growth to pick up on stimulus, says ADB

GDP growth to pick up on stimulus, says ADB

-- 2021-04-28 14:11:43

Bangladesh, which weathered the pandemic better than most economies in South Asia, will continue to grow strongly as exports pick up. The country’s GDP growth is projected to accelerate 6.8 per...

Islami Bank declares 10pc cash dividend for 2020

Islami Bank declares 10pc cash dividend for 2020

FE ONLINE REPORT 2021-04-28 13:12:21

The board of directors of Islami Bank Bangladesh 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 ge...

AB Bank to issue rights share to strengthen equity capital

AB Bank to issue rights share to strengthen equity capital

FE ONLINE REPORT 2021-04-28 11:23:11

The board of directors of AB Bank has recommended for issuance of rights share for strengthening the equity capital base of the Bank at a sustainable level. Rights shares are issued to the company&rs...