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The Financial Express

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34.95pc remittance growth recorded in seven months of FY21

34.95pc remittance growth recorded in seven months of FY21

-- 2021-02-01 22:40:44

Bangladesh recorded a 34.95 per cent growth of remittance in seven months of the fiscal year 2020-21 (FY21) compared to the same period of the last fiscal year. The country received $1.96 billion in...

DSE mobile app maintenance timeframe extended until Feb 11

DSE mobile app maintenance timeframe extended until Feb 11

FE ONLINE REPORT 2021-02-01 14:30:01

DSE mobile app users have to wait for two more weeks to get full trading hours services as the prime bourse extended the maintenance work time frame until February 11. “The maintenance work Ord...

Stocks rise at opening amid volatility

Stocks rise at opening amid volatility

FE ONLINE REPORT 2021-02-01 11:37:09

Stocks on both the bourses witnessed an upward trend in the early trading on Monday as investors showed their buying appetite based on the latest quarterly earnings. Following the previous day’...

Company registration in 24 hours as service goes online today

Company registration in 24 hours as service goes online today

ISMAIL HOSSAIN 2021-02-01 10:23:38

The new companies would now be able to register their entities with the Office of the Registrar of Joint Stock Companies and Firms (RJSC) within 24 hours as the process with key services goes online t...

Expansionary monetary policy to continue in January-June period

Expansionary monetary policy to continue in January-June period

SIDDIQUE ISLAM 2021-02-01 08:47:06

The central bank has decided to stick to the expansionary monetary policy during the second half (H2) of this fiscal year (FY) with some adjustments, taking into account the money market and the overa...

Central bank lifts loan moratorium

Central bank lifts loan moratorium

FE REPORT 2021-02-01 08:35:45

The central bank on Sunday withdrew the general waiver of loan moratorium facility. The Bangladesh Bank offered a deferral loan classification facility from January 2020 to December 2020, considering...

ICCB describes Padma Bridge as great achievement for Bangladesh

ICCB describes Padma Bridge as great achievement for Bangladesh

FE ONLINE DESK 2021-01-31 15:48:06

The International Chamber of Commerce-Bangladesh (ICCB) has described implementaiton of Padma Bridge project as the great achievement for Bangladesh. The ICCB also extended its gratitude towards Prim...

Mir Akhter Hossain to make debut Tuesday

Mir Akhter Hossain to make debut Tuesday

FE Online Report 2021-01-31 15:05:01

Mir Akhter Hossain Ltd, one of the largest construction and engineering firms of the country, will make its share trading debut on the bourses Tuesday (February 2) under ‘N’ category, offi...

Shasha Denims to acquire additional 18pc stake in EOS Textile

Shasha Denims to acquire additional 18pc stake in EOS Textile

FE ONLINE REPORT 2021-01-31 14:26:52

Shasha Denims is set to acquire an additional 18 per cent stake in EOS Textile Mills, an associate of Italian apparel maker, at a cost of about Tk 218 million with proportionate other actual costs. T...

Desh General, Index Agro, NRB Bank to raise Tk 1.86b in February

Desh General, Index Agro, NRB Bank to raise Tk 1.86b in February

FE Report 2021-01-31 11:01:17

Three companies will open their IPO (initial public offering) subscription in February to raise an aggregate amount of capital worth Tk 1.86 billion from the country's capital market. Of these compan...

Revenue board waives VAT on amount telecom regulator gains from operators

Revenue board waives VAT on amount telecom regulator gains from operators

FE REPORT 2021-01-31 10:47:13

The National Board of Revenue (NBR) has offered VAT exemption to the telecom operators on the amount that they pay to the regulator as revenue-sharing under the licencing provision. The mobile phone...

CVC Finance to capitalise on rural economy, MD tells FE

CVC Finance to capitalise on rural economy, MD tells FE

FE REPORT 2021-01-31 10:01:21

CVC Finance Ltd. wants to shift its corporate-centric focus to rural Bangladesh with the help of technology-based platforms. Currently, the corporate segment of CVC Finance, a new generation non-bank...

Planning minister for raising social safety-net budget

Planning minister for raising social safety-net budget

FE REPORT 2021-01-31 09:10:15

Planning minister MA Mannan has laid emphasis on enhancing budget for social safety-net programmes as many people have fallen below the poverty line due to Covid-19 pandemic. Replying to discussants...

Banks crank up farm credit in six months

Banks crank up farm credit in six months

SIDDIQUE ISLAM 2021-01-31 08:52:51

Farm credit disbursement grew by nearly 12 per cent in the first-half of the current fiscal year, driven by seasonal demand for such loans, officials say. Banks released agricultural credit worth Tk...

IPO financing fails to create much impact on economy

IPO financing fails to create much impact on economy

FE REPORT 2021-01-30 11:31:36

Bangladesh Institute of Capital Market (BICM) launched "BICM Research Seminar Series" on Thursday. Professor Shaikh Shamsuddin Ahmed, commissioner of Bangladesh Securities and Exchange Commission (BS...

China's lending to Bangladesh surges

China's lending to Bangladesh surges

FHM HUMAYAN KABIR 2021-01-30 09:02:26

China has emerged as one of the leading bilateral development partners of Bangladesh as it disbursed US$460.41 million loans in the first half of the current fiscal year, insiders said on Friday. The...

India seeks Bangladesh presence to probe customs anomalies

India seeks Bangladesh presence to probe customs anomalies

SYFUL ISLAM 2021-01-30 08:50:14

The Indian officials are now seeking permission for physical presence in Bangladesh for investigating any customs-related offences, officials say. They are also seeking information about the assessme...

Post-pandemic export basket needs to be diversified: Experts

Post-pandemic export basket needs to be diversified: Experts

FE Report 2021-01-29 10:12:23

Speakers at an international webinar have stressed the need for diversifying the country's export basket and focusing on bilateral free trade agreements to address the challenges of the post-Covid glo...

Stocks edge higher as regulator relaxes margin loans directive

Stocks edge higher as regulator relaxes margin loans directive

-- 2021-01-28 16:27:29

Stocks finished marginally higher for the two consecutive sessions on Thursday as the stock market regulator relaxed its directive on margin loans for more four months. The Bangladesh Securities and...

Bangladesh RMG sector struggles as pandemic empties order books

Bangladesh RMG sector struggles as pandemic empties order books

REUTERS 2021-01-28 13:52:38

Bangladesh’s huge export-oriented readymade garment industry is fighting for its survival after fresh coronavirus curbs in Europe and North America shrivelled already-weakened order books, indus...

BMW's 2020 cash flow exceeded market expectations

BMW's 2020 cash flow exceeded market expectations

Reuters 2021-01-28 12:32:03

BMW’s free cash flow last year was better than market expectations at about 3.4 billion euros ($4.12 billion) in its core automotive division, the German carmaker said on Wednesday, citing recov...

Grameenphone declares 145pc final cash dividend

Grameenphone declares 145pc final cash dividend

FE ONLINE REPORT 2021-01-28 11:38:01

The board of directors of Grameenphone has recommended 145 per cent final cash dividend (i.e. total 275 per cent cash dividend) for the year ended on December 31, 2020, said an official disclosure on...

Stocks rise at open amid high turnover

Stocks rise at open amid high turnover

FE ONLINE REPORT 2021-01-28 11:33:27

Stocks witnessed an upward trend in early trading on Thursday as the stock market regulator relaxed the margin loan adjustment until June 30. The regulator has relaxed its directive on margin loans,...

BIDA's coordination with stakeholders required to improve business ranking

BIDA's coordination with stakeholders required to improve business ranking

FE Report 2021-01-28 11:04:41

Speakers at a programme on Wednesday said the Bangladesh Investment Development Authority (BIDA) should coordinate more with its stakeholders to do better in the Ease of Doing Business ranking. They...

BSEC to hold road-show in Dubai Feb 9

BSEC to hold road-show in Dubai Feb 9

FE Report 2021-01-28 10:26:29

The securities regulator will hold a four-day-long road-show in Dubai next month to attract foreign investors and non-resident Bangladeshis. The programme will open on February 9 and will close on Fe...

Dhaka gets 3.0b foreign aid in July-Dec

Dhaka gets 3.0b foreign aid in July-Dec

FHM HUMAYAN KABIR 2021-01-28 10:01:53

Bangladesh received 10 per cent higher foreign aid in the first half of fiscal year (FY) 2020-21 compared with the same period last year, boosted by some large loans, including a budgetary support, of...

Indian customs rules affecting Bangladesh exports clash with SAFTA

Indian customs rules affecting Bangladesh exports clash with SAFTA

DOULOT AKTER MALA 2021-01-28 08:53:09

Rules of origin of the South Asian Free Trade Area (SAFTA) can supersede the provisions of the new Indian customs rules in case any conflicts arise, experts say. The Indian customs (administration of...

Central bank calls for exhausting stimulus funds by March

Central bank calls for exhausting stimulus funds by March

SIDDIQUE ISLAM 2021-01-28 08:44:46

The central bank has asked the banks to exhaust all stimulus packages by March to help revive the economy, battered by Covid-19. The advice was given at a virtual meeting between the bankers and Bang...

Finance minister doesn't believe 42pc Bangladeshis are poor now

Finance minister doesn't believe 42pc Bangladeshis are poor now

FE REPORT 2021-01-28 08:24:16

Finance minister AHM Mustafa Kamal has trashed a recent survey report that showed the country's existing rate of poverty at around 42 per cent. "I don't want to talk about it. You know, it's entirely...

Bangladesh receives $1.45b more remittance through formal channel during pandemic: Study

Bangladesh receives $1.45b more remittance through formal channel during pandemic: Study

FE Online Report 2021-01-27 20:08:14

Bangladeshi migrant workers sent around US$1.45 billion more remittance through formal channel during the COVID-19 period, a study has found. It said the demand for hundi money (informal channel) to...