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BB prods banks over stimulus

FE REPORT 2020-06-18 09:38:26

The central bank has asked the commercial banks to take effective measures to implement the government-announced stimulus packages immediately to help revamp the country's overall economic activities....

Experts term proposed budget ‘unrealistic and fictional’

FE Online Report 2020-06-17 19:53:55

  Experts term proposed budget ‘unrealistic and fictional’     Experts at a post-budget meeting on Wednesday, termed the proposed budget ‘most unrealistic’ a...

Bourses revise trading hours

FE Online Report 2020-06-17 18:34:41

Dhaka Stock Exchange and the Chittagong Stock Exchange have revised the trading hours as banking hours changed due to rising cases of Covid-19 infections and deaths in the country. As per new timing,...

Subscription of CAPITEC-IBBL Shariah Unit Fund to open from July 1

FE Online Report 2020-06-17 16:04:03

Subscription of ‘CAPITEC-IBBL Shariah Unit Fund’, an open-end Shariah compliant mutual fund, is set to begin from July 1, 2020. The initial size of the CEPITEC-IBBL Shariah Unit Fund is T...

Stocks inch higher amid low turnover

FE ONLINE REPORT 2020-06-17 14:52:39

Stocks inched up on Wednesday, with turnover remaining below Tk 1.0 billion-mark, as most of the investors were cautious amid worsening situation of the deadly virus. DSEX, the key index of the Dha...

Stocks open mixed amid sluggish turnover

FE ONLINE REPORT 2020-06-17 11:22:53

Stocks witnessed mixed trend in early trading on Wednesday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnate. Within 30...

Major dev projects need special allocation to tackle Covid-19

MUNIMA SULTANA 2020-06-17 10:38:39

An allocation has been necessary to prevent the spread of coronavirus on the construction sites of major development projects including mega and fast-track ones aiming to keep the progress of those up...

Jamuna Bank to pay 15pc cash dividend

FE Online Report 2020-06-17 10:10:50

The board of directors of Jamuna Bank Ltd has recommended a 15 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a meeting held on Tuesday approved...

NBR may target private staffers' nest egg

Doulot Akter Mala 2020-06-17 09:27:17

Private sector employees, who have received gratuity as retirement benefit in the outgoing fiscal year, may have to pay taxes on it. The National Board of Revenue or NBR has imposed taxes on retirees...

Stocks end nearly flat amid low turnover

FE ONLINE REPORT 2020-06-16 16:20:47

Stocks ended almost flat on Tuesday as most of the investors followed cautious stance amid the ongoing virus tension. DSEX, the key index of the Dhaka Stock Exchange, went up by 2.28 points or 0.05 p...

Chittagong Stock Exchange revises Shariah index

FE ONLINE REPORT 2020-06-16 15:39:27

The port city bourse, Chittagong Stock Exchange (CSE), has revised its Shariah index CSI based on the performance of the CSE listed companies. The revised Shariah index will be effective from June 28...

Shasha Denim’s EPS slumps 66pc in nine months

FE ONLINE REPORT 2020-06-16 12:37:48

The earnings per share (EPS) of Shasha Denim Ltd plunged more than 66 per cent year-on-year in nine months from July, 2019 to March, 2020. The company’s consolidated EPS stood at Tk 1.21 for Ju...

Stocks witness downturn amid thin participation

FE ONLINE REPORT 2020-06-16 11:27:24

Stocks witnessed a downward trend in early trading on Tuesday amid a thin participation of investors as growing tension over the Covid-19 scare and floor price mechanism kept the investors on the side...

Meghna Petroleum’s net profit drops 8.58pc in nine months

FE ONLINE REPORT 2020-06-16 11:11:51

Meghna Petroleum’s net profit after tax fell 8.58 per cent year-on-year in nine months for July, 2019 to March, 2020. The board of directors of the state-run company in a meeting held on Monday...

Internet-based trading in the offing

FE Report 2020-06-16 09:45:44

Country's main bourse has taken a move to launch digital trading considering the safety and security of investors and other market stakeholders as the deadly virus goes virulent across the country. M...

Move to ease burden on small taxpayers

Doulot Akter Mala 2020-06-16 09:35:41

Individual taxpayers with gross assets lower than Tk 4.0 million will not be required to submit wealth statement in tax returns. The Finance Bill-2020, placed in parliament on June 11, has incorpor...

Loan defaulters get Sept lifeline

-- 2020-06-15 22:06:20

Borrowers have been given until September to repay instalments to banks before their loans are classified as bad debts. Bangladesh Bank on Monday issued a circular extending the timeframe during whic...

'Implementing budget bigger challenge during pandemic'

FE Online Report 2020-06-15 20:42:21

Implementing a budget is always challenging, especially during this pandemic, and it is not possible to say yet whether the proposed budget for fiscal year 20-21 reflects the understandings, the aspir...

Stocks extend losses as budget fails to cheer up investors

FE ONLINE REPORT 2020-06-15 15:31:21

Stocks extended the losing streak for the second straight session on Monday as the proposed budget failed to meet investors’ expectations. The growing tension over the Covid-19 pandemic and flo...

Covid-19 pandemic: BAB issues 13-point recommendation for member banks

FE Online Report 2020-06-15 14:59:43

Bangladesh Association of Banks (BAB) has issued a 13-point recommendation, including reduction of salary of its member banks’ staff for the next 18 months. The BAB, a forum of the country&rsqu...

Meghna Cement gets green light to issue preference shares

FE ONLINE REPORT 2020-06-15 12:36:21

Meghna Cement Mills Ltd has said the securities regulator gave it the permission to raise a capital of Tk 1.0 billion through issuance of 100 million preference shares. Redeemable preference shares o...

Stocks open nearly flat amid low turnover

FE Online Report 2020-06-15 11:59:59

Stocks witnessed almost flat in early trading on Monday as the proposed budget failed to meet investors’ expectations. The growing tension over the Covid-19 scares and floor price mechanism als...

ADB okays $100m loan for rural road dev in BD

-- 2020-06-15 10:53:52

The Asian Development Bank (ADB) has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh, connecting the rural population to agricult...

Block transactions allowed below 10pc of floor prices

FE Report 2020-06-15 10:39:45

Stock exchanges have reset the lower price limit for the securities to be traded on block board to enhance turnover value without affecting the broad index. As a result, the prices of listed securiti...

Merchant bankers for unconditional scope

FE Report 2020-06-15 10:33:15

Merchant bankers have made a set of proposals including the reduction of corporate tax for listed companies. Their proposals came following the government's budgetary measures proposed for the fiscal...

NBR expects Tk 110b in additional taxes

Doulot Akter Mala 2020-06-15 09:30:35

Four new fiscal measures, including taxes on cigarettes and mobile phone use, are expected to fetch nearly Tk 110 billion in additional VAT and excise duty in the upcoming fiscal year. The National B...

“Not possible to transform disabled into human resources with allowance oriented budget”

FE Online Report 2020-06-14 22:52:32

Access Bangladesh Foundation on Sunday arranged a virtual meeting on the proposed budget for 20-21 fiscal year. The meeting titled “National Budget 2020-21: Status of persons with disabilities...

Stocks end first post-budget session in red

FE ONLINE REPORT 2020-06-14 15:10:58

Stocks slipped into the red on Sunday in the first post-budget session, as it appears to have failed to have failed to cheer up investors’ confidence. The growing tension over the Covid-19 scar...

Stocks post marginal gain in first post-budget session

FE ONLINE REPORT 2020-06-14 12:26:12

Stocks posted a marginal gain in early trading on Sunday, the first session after the national budget declaration, as investors followed a cautious stance. Finance Minister AHM Mustafa Kamal unveiled...

Covid-19: Dulamia cotton factory shut operations indefinitely

FE Online Report 2020-06-14 12:12:14

The board of directors of Dulamia Cotton Spinning Mills Ltd has decided to shut the operation of the factory for an indefinite period due to the ongoing Covid-19 pandemic. “The board of directo...