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The Financial Express

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Green Delta Insurance approves 32pc dividend

Green Delta Insurance approves 32pc dividend

FE DESK REPORT 2021-03-31 10:34:04

Green Delta Insurance Company Limited has declared 32 per cent dividend (7.5 per cent stock dividend and 24.5 per cent cash dividend) for its shareholders for the year ended December 31, 2020. The an...

Bangladesh Bank frames policy on startup financing

Bangladesh Bank frames policy on startup financing

FE REPORT 2021-03-31 08:50:32

The Bangladesh Bank (BB) has formulated a policy relating to the disbursement of funds worth Tk 5.0 billion for startups. The disbursement of funds to the startup clients will be made collateral-fr...

Premier Hasina calls for global action to address liquidity crisis, debt burden in post-Covid era

Premier Hasina calls for global action to address liquidity crisis, debt burden in post-Covid era

-- 2021-03-30 08:22:47

Prime Minister Sheikh Hasina on Monday stressed the need for concerted global actions and robust leadership to quick recovery of the liquidity crisis and sovereign debt burdens during and the post Cov...

Extreme poverty rate to come down to 3pc by 2030, Momen hopes

Extreme poverty rate to come down to 3pc by 2030, Momen hopes

-- 2021-03-29 21:28:58

Foreign Minister AK Abdul Momen has expressed his optimism that extreme poverty rate will come down to 3 per cent by 2030 and the country will be free of poverty after 2041. "Once 80 per cent people...

Investment proposals increase by 68.50pc in Oct-Dec period, BIDA says

Investment proposals increase by 68.50pc in Oct-Dec period, BIDA says

-- 2021-03-29 17:17:29

The number of investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by 68.50 per cent (Taka 95,794.719 million) during the October to December quarter in 2020 compared...

BEPZA attaches highest priority to workers' welfare, says law minister

BEPZA attaches highest priority to workers' welfare, says law minister

-- 2021-03-29 08:55:00

Geographical location, inexpensive and easily trainable workforce and moderate production cost have helped Bangladesh become an attractive investment destination, Law Minister Anisul Huq said Sunday....

86pc of investors' complaints resolved through CCAM

86pc of investors' complaints resolved through CCAM

FE Report 2021-03-29 08:38:11

Around 86 per cent of the investors' complaints so far submitted online have been addressed through the Customer Complaints Address Module (CCAM). The Bangladesh Securities and Exchange Commission (B...

BSEC to defer implementation of directive on margin loan interest cap for 6 months

BSEC to defer implementation of directive on margin loan interest cap for 6 months

FE Report 2021-03-29 08:25:59

The securities regulator is set to defer the implementation of its directive regarding the cap on margin loan interest for six months considering the interest of the market and its operators. The ass...

Leather sector seeks tax cuts

Leather sector seeks tax cuts

FE Report 2021-03-29 08:22:23

The Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) sought reduction of corporate income tax and source tax on export to stay competitive in global market. T...

Bangladeshi banks asked to charge lowest L/C margin for Ramadan imports

Bangladeshi banks asked to charge lowest L/C margin for Ramadan imports

FE REPORT 2021-03-29 08:07:28

The central bank on Sunday asked the commercial banks to charge lowest level margin while opening letter of credit (LC) for importing essential commodities. The Bangladesh Bank (BB) issued the direct...

India coy about consultation on anti-dumping duty on Bangladeshi jute goods

India coy about consultation on anti-dumping duty on Bangladeshi jute goods

SYFUL ISLAM 2021-03-29 07:56:57

Bangladesh, in the face of opposition from India, failed to accommodate a provision of 'pre-initiation consultation' on the anti-dumping issue in the MoU on trade remedial measures, signed between the...

Shahjalal Bank to diversify investment portfolios

Shahjalal Bank to diversify investment portfolios

Siddique Islam 2021-03-28 10:08:58

Shahjalal Islami Bank Limited (SJIBL) has decided to diversify its investment portfolios focusing on small and medium enterprises (SMEs) and retail banking aiming to minimize risks, the bank's top exe...

BSEC urged to defer implementation of directive about cap on margin loan interest

BSEC urged to defer implementation of directive about cap on margin loan interest

Mohammad Mufazzal 2021-03-28 10:01:35

Merchant bankers have urged the securities regulator to defer the implementation of its directive regarding cap on margin loan interest till June 30, 2022. They said the market may face sell pressure...

WB provides $250m to support Bangladeshi workers’ wages, micro-entrepreneurs

WB provides $250m to support Bangladeshi workers’ wages, micro-entrepreneurs

FE Online Desk 2021-03-27 15:21:35

The World Bank on Friday approved US$250 million financing for Bangladesh aimed at recovery from the Covid-19 pandemic. A WB news release issued from Washington said this financing would help Banglad...

Stocks plunge further on virus worries

Stocks plunge further on virus worries

BABUL BARMAN 2021-03-27 08:55:49

Stocks plunged further for the second straight week as worried investors continued to dump their holdings amid fears over impact of the fresh wave of Covid-19 virus due to rising trend of infected pat...

Bangladesh's external debt reaches record level in 2020

Bangladesh's external debt reaches record level in 2020

JASIM UDDIN HAROON 2021-03-27 08:27:50

Country's external debt soared to a record level in 2020 due to higher government borrowing. The overall external debt in December, 2020 stood at US$ 70.7 billion, nearly 16 per cent more than that o...

BSEC approves draft prospectuses of two open-ended mutual funds

BSEC approves draft prospectuses of two open-ended mutual funds

FE Report 2021-03-26 10:17:26

The securities regulator approved the draft prospectuses of two open-end mutual funds (MFs) and also took a decision to issue licences to two fund managers. The approval came at a meeting of the Bang...

Bangladesh, India likely to sign four MoUs

Bangladesh, India likely to sign four MoUs

Mir Mostafizur Rahaman 2021-03-26 08:28:46

Bangladesh and India are likely to sign four memorandums of understanding (MoUs) during the visit of Indian Prime Minister (PM) Narendra Modi, who is scheduled to arrive in Dhaka today (Friday). Th...

UN TIR could be model for regional vehicular movement to cut cost of trade

UN TIR could be model for regional vehicular movement to cut cost of trade

FE REPORT 2021-03-26 08:19:12

Speakers at a webinar on Thursday said movement of vehicles within the BBIN region under a system like that of the UN TIR would help significantly reduce the cost of trade and benefit all the member...

Stocks edge up amid volatile trading

Stocks edge up amid volatile trading

-- 2021-03-25 11:36:07

Stocks edged higher at opening on Thursday amid choppy trading as investors remained cautious amid a rising trend of Covid-19 infections and deaths in recent days. Following the previous day’s...

Desh General Insurance to make trading debut Mar 29

Desh General Insurance to make trading debut Mar 29

FE ONLINE REPORT 2021-03-25 10:41:21

Desh General Insurance will make its shares trading debut on March 29 (Monday) on the bourses under "N" catagory, officials said. The insurer’s IPO subscription, which raised Tk 1...

Newly listed stocks suffer the most

Newly listed stocks suffer the most

FE REPORT 2021-03-25 08:44:58

Newly listed stocks suffered the biggest hits in the stock market on Wednesday with three out of top ten losers being the newcomers. Three newly listed companies - eGeneration, Lub-rref (Bangladesh...

Outbound remittance up to 6.0pc allowed sans approval

Outbound remittance up to 6.0pc allowed sans approval

DOULOT AKTER MALA 2021-03-25 08:41:35

The Bangladesh Investment Development Authority (BIDA) has allowed repatriation of outward remittance up to 6.0 per cent of the previous year's sales value, for companies in commercial operation, wi...

Bangladesh Bank again extends loan repayment relaxation

Bangladesh Bank again extends loan repayment relaxation

Siddique Islam 2021-03-25 08:22:50

The central bank on Wednesday extended again the policy relaxation involving loan repayments to the country's scheduled banks by their borrowers. The borrowers would get three more months' time to...

Private entities not to get loan from forex reserve, Finance minister says

Private entities not to get loan from forex reserve, Finance minister says

-- 2021-03-24 19:36:03

Finance Minister AHM Mustafa Kamal has said that the government has not taken any decision so far to provide loans for the private sector from the country’s foreign currency reserve. “So...

Stocks plunge further as virus cases rising alarmingly

Stocks plunge further as virus cases rising alarmingly

FE ONLINE REPORT 2021-03-24 16:46:40

Stocks plunged further Wednesday as panic-driven investors dumped their holdings amid fears of a fresh wave of the coronavirus. The market opened lower which continued until the end of the session as...

Stocks slide at opening amid virus worries

Stocks slide at opening amid virus worries

FE ONLINE REPORT 2021-03-24 11:36:49

Stocks plummeted at the opening on Wednesday as cautious amid the rising trend of Covid-19 infections and deaths alarmingly every day. Following the previous day’s flat ending, the Dhaka Stock...

Finance minister terms stock market fluctuation a normal phenomenon

Finance minister terms stock market fluctuation a normal phenomenon

FE REPORT 2021-03-24 10:19:28

Finance Minister AHM Mustafa Kamal on Tuesday said ups and downs are common phenomenon in stock market and advised the people to invest cautiously. "If you think that ups and downs won't happen in th...

Angst grips Bangladesh businesses as Covid-19 cases surge

Angst grips Bangladesh businesses as Covid-19 cases surge

Jubair Hasan and Yasir Wardad 2021-03-24 09:50:31

Businesses are now deeply worried that resurgence of the Covid-19 might unsettle the recovery they have been making in recent months following a notable improvement in both infection and fatality rate...

Japanese Economic Zone expected to start full-swing operation in H1 of 2023

Japanese Economic Zone expected to start full-swing operation in H1 of 2023

-- 2021-03-23 17:26:10

Japanese Economic Zone (EZ) is expected to go on full-swing operation in the first-half of 2023 as all development work of the zone is likely to be completed within June of the same year, reports BSS....