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Index Agro IPO lottery draw on March 22

Index Agro IPO lottery draw on March 22

-- 2021-03-15 09:30:40

Index Agro Industries, the poultry and fish feed producer, is set to hold its initial public offering (IPO) lottery draw on March 22 to allocate IPO shares. Index Agro Industries, which received IPO...

Securities regulator exerting control over market, Chairman tells FE

Securities regulator exerting control over market, Chairman tells FE

MOHAMMAD MUFAZZAL 2021-03-15 09:06:15

The securities regulator is working independently without facing pressures or entertaining undue demands from any quarter, its head says. Instead, "Our control over the market is increasing day by da...

Two trade bodies seek cut in corporate tax rates

Two trade bodies seek cut in corporate tax rates

FE REPORT 2021-03-15 08:39:21

Plastic goods manufacturers and exporters on Sunday demanded the withdrawal of import duty, VAT, and supplementary duty on import of capital machinery and spare parts for the sector. They also urged...

Restaurant owners call for taxing all other eateries

Restaurant owners call for taxing all other eateries

FE REPORT 2021-03-15 08:29:01

Local restaurant owners on Sunday proposed the government to bring all eateries, including street foods vendors, under the tax net by slashing the VAT rate to 5.0 per cent. Currently, 40 per cent of...

Stocks plummet on Sunday with lower turnover

Stocks plummet on Sunday with lower turnover

FE ONLINE REPORT 2021-03-14 16:04:06

Stocks plummeted on Sunday with lower turnover as risk-averse investors opted for booking profits on quick-gaining stocks. The market started on a flat note before ending lower as most of the investo...

Stocks open week on flat note

Stocks open week on flat note

FE ONLINE REPORT 2021-03-14 11:39:10

Stocks started the week on a flat note on Sunday amid volatile trading as investors mostly followed a cautious stance. Following the previous two weeks’ moderate gain, the Dhaka Stock Exchange...

South Korea offers $700m credit to Bangladesh

South Korea offers $700m credit to Bangladesh

MIR MOSTAFIZUR RAHAMAN 2021-03-14 09:51:15

South Korea has decided to extend US$700 million in concessional loans to Bangladesh under the Economic Development Cooperation Fund (EDCF). In this connection, the Korean Exim Bank has sent a letter...

JCI Dhaka Independent starts journey to assist young entrepreneurs

JCI Dhaka Independent starts journey to assist young entrepreneurs

FE REPORT 2021-03-14 09:33:21

A new chapter of Junior Chamber International (JCI) styled 'JCI Dhaka Independent' was launched on Saturday with the mission to provide development opportunities for young professionals and entreprene...

Transport authority proposes tax on electric vehicles from next fiscal

Transport authority proposes tax on electric vehicles from next fiscal

DOULOT AKTER MALA 2021-03-14 09:26:20

The government is likely to bring electric vehicles (EVs) under the tax net in the budget for next fiscal year (FY) due to its growing popularities. Currently, the Bangladesh Road Transport Authority...

Economists suggest opening up post-graduation trade policies to get better deals

Economists suggest opening up post-graduation trade policies to get better deals

FE Report 2021-03-14 09:08:27

Economists at a webinar on Saturday stressed the need for opening up of the country's trade policies for getting preferential facilities in post-graduation period. With the existing protectionist pol...

BSEC chairman hopeful about major changes in stock market in two years

BSEC chairman hopeful about major changes in stock market in two years

FE ONLINE DESK 2021-03-13 20:46:21

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat-Ul-Islam is hopeful of bringing a major changes in the stock market of the country within next two years. "We have ta...

Nine public sector banks hold 27pc assets, deposits in banking sector

Nine public sector banks hold 27pc assets, deposits in banking sector

UNB 2021-03-13 20:00:07

Nine public sector banks including three specialised banks still hold about 27 per cent of deposits and assets in the banking sector while 50 private commercial banks (PCB) including foreign ones hold...

Mercantile Bank declares 10pc cash, 5.0pc stock dividend

Mercantile Bank declares 10pc cash, 5.0pc stock dividend

FE REPORT 2021-03-13 09:59:42

The board of directors of Mercantile Bank Ltd has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come du...

Bangladesh government moves on loans for left-out smaller firms

Bangladesh government moves on loans for left-out smaller firms

Ismail Hossain 2021-03-13 08:59:31

The government has started a move to include the small and medium enterprises, which have been left out of the benefit of the government's Covid-19 stimulus for the CMSME sector, in a database to help...

Bangladesh aims to raise productivity rate to face global competition

Bangladesh aims to raise productivity rate to face global competition

TALHA BIN HABIB 2021-03-12 13:09:10

The government has prepared a master plan to increase the country's productivity rate in a bid to face the competitive global market, an official said. Under the move, the Ministry of Industries (MoI...

Axe falls on Bangladesh budget following revenue slump

Axe falls on Bangladesh budget following revenue slump

DOULOT AKTER MALA 2021-03-12 11:19:33

The government has downsized the national budget by 5.28 per cent to Tk 5.38 trillion for the current fiscal year, compelled by a significant shortfall in tax collection as the fallout of COVID-19. T...

Stocks inch higher after bumpy ride

Stocks inch higher after bumpy ride

FE Online Report 2021-03-11 17:22:22

Stocks posted a marginal gain on Thursday after high volatility as investors were active on both sides of the trading fence amid ongoing corporate declarations of December-end companies. The market m...

LankaBangla Finance declares 12pc cash dividend

LankaBangla Finance declares 12pc cash dividend

FE ONLINE REPORT 2021-03-11 12:03:02

The board of directors of LankaBangla Finance has recommended 12 per cent cash dividend for the year ended on December 31, 2020. The annual general meeting (AGM) will be held on April 29 at 11:00 am...

Stocks inch higher amid volatility

Stocks inch higher amid volatility

FE ONLINE REPORT 2021-03-11 11:24:25

Stocks inched higher on Thursday with volatility as investors were active on both sides of the trading fence. Following the previous two days’ moderate correction, the Dhaka Stock Exchange and...

Two insurers declare dividend for 2020

Two insurers declare dividend for 2020

FE Online Report 2021-03-11 11:13:49

The board of directors of two insurance companies – Reliance Insurance and United Insurance – have recommended dividends for the year ended on December 31, 2020, according to separate offi...

Shahjalal Islami Bank declares 12pc dividend

Shahjalal Islami Bank declares 12pc dividend

FE ONLINE REPORT 2021-03-11 10:33:41

The board of directors of Shahjalal Islami Bank has recommended 7.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The annual general meeting (AGM) will be hel...

Desh Insurance publishes IPO lottery results

Desh Insurance publishes IPO lottery results

FE REPORT 2021-03-11 10:11:29

Desh General Insurance will allocate 16 million ordinary shares among the successful applicants as the company's IPO lottery draw was held Wednesday. The initial public offering (IPO) lottery event...

Securities regulator for introducing e-voting system

Securities regulator for introducing e-voting system

FE Report 2021-03-11 10:09:33

The securities regulator has asked the listed companies to introduce e-voting system apart from existing physical system of casting votes by the shareholders at general meetings. To this effect, th...

Half of Bangladesh's internal migrants jobless: SANEM survey

Half of Bangladesh's internal migrants jobless: SANEM survey

FE REPORT 2021-03-11 09:02:52

About 49 per cent of the pandemic-hit internal migrants returned to their roots last year for massive job cuts, non-payment of wages and decreased salary. According to a SANEM survey, 14 per cent of...

Banking law deters taxmen from accessing depositors' data

Banking law deters taxmen from accessing depositors' data

FE REPORT 2021-03-11 08:24:50

The Banking Secrecy Act is preventing taxmen from obtaining depositors' data by establishing connectivity with the lenders, the head of the revenue board said. Speaking at a pre-budget discussion on...

Stocks post marginally lower for second straight session on Wednesday

Stocks post marginally lower for second straight session on Wednesday

FE ONLINE REPORT 2021-03-10 16:31:03

Stocks posted marginally lower for the second straight session on Wednesday as risk-averse investors opted for booking profits on quick-gaining stocks. DSEX, the prime index of the Dhaka Stock Exchan...

World Bank approves $120m to help Bangladesh improve food security

World Bank approves $120m to help Bangladesh improve food security

-- 2021-03-10 13:29:37

The World Bank has approved 120 million US dollars to help Bangladesh improve food security by enhancing climate resilience and productivity of irrigated agriculture and fisheries. The Climate-Smart...

Stocks fall marginally at opening

Stocks fall marginally at opening

FE ONLINE REPORT 2021-03-10 12:07:05

Stocks witnessed a downward trend in early trading on Wednesday as risk-averse investors opted for booking profits on the quick-gaining stocks. Following the previous day’s marginal correction,...

IPO quota for general investors to be enhanced

IPO quota for general investors to be enhanced

FE Report 2021-03-10 09:31:44

The securities regulator is set to enhance the IPO quota for general investors aiming to facilitate their greater access to such facility. To this effect, the Bangladesh Securities and Exchange Commi...

Stock market regulator, central bank parley on March 15

Stock market regulator, central bank parley on March 15

FE REPORT 2021-03-10 09:29:28

The securities regulator will hold a meeting with a delegation of the Bangladesh Bank (BB) on March 15 to ensure more coordination between the regulatory bodies for the sake of the capital market. Th...