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FY'21 budget: Deficit could reach 5.7 per cent of GDP

FHM Humayan Kabir 2020-06-02 09:28:12

The deficit in the upcoming budget is likely to hit a new high of 5.7 per cent due to the government's "expansionary" fiscal approach aimed at weathering the coronavirus effect on the economy, officia...

NBR extends deadline for tax submission

FE Online Report 2020-06-01 17:55:12

The National Board of Revenue (NBR) has extended the deadline for submission of corporate and other tax returns until June 29. The extended deadline would be valid for the taxpayers who have missed t...

Stocks back to downturn amid growing virus tension

FE ONLINE REPORT 2020-06-01 15:41:44

Stocks got back into the red on Monday, the second trading session after a long closure, amid a growing tension over the Covid-19 outbreak as the country is set to emerge a new global hotspot for the...

Experts for top priority to health sector in next budget

FE Online Report 2020-06-01 15:24:18

Health sector should get utmost priority in the upcoming budget for the 2020-2021 fiscal in a bid to reduce COVID-19 effects and provide basic health security for vulnerable population, speakers said...

Stocks fall at opening as virus fears mount

FE Online Report 2020-06-01 11:32:04

Stocks witnessed downward trend in early hour of trading on Monday amid mounting fears over coronavirus outbreak as the country is set to emerge a new global hotspot for the virus. The presence of in...

Uttara Bank revises dividend declaration for 2019

FE Online Report 2020-06-01 10:55:37

The board of directors of Uttara Bank Limited has revised the recent dividend declaration for the year ended on December 31, 2019 due to the central bank’s dividend policy circular, said an offi...

Tax waiver withdrawn for economic zone factories

FE REPORT 2020-06-01 09:26:16

Factories producing essential products, including edible oil, sugar, flour, cement and steel, inside economic zones will no longer be eligible for tax exemptions. In a regulatory order, the National...

ICSB event on Covid-19 and its impact

FE Online Desk 2020-06-01 00:54:39

The Institute of Chartered Secretaries of Bangladesh (ICSB) organized a Continuing Professional Development (CPD) programme on "COVID-19 and its impact on the National Economy” on May 30, 2020 o...

Export earnings from jute increase by 14pc in 10 months

-- 2020-05-31 19:07:34

Export earnings from jute and jute products have increased by 14 per cent in the first ten months (July-April) of the current fiscal year 2019-20, compared to corresponding period of the previous fisc...

Four listed cos’ shut factories due to Covid-19 pandemic

FE Online Report 2020-05-31 17:34:00

Four listed companies – Tallu Spinning Mills, Usmania Glass Sheet Factory, Monno Ceramic Industries and Monno Stafflers- have shut down their factories due to COVID-19 pandemic. The factory of...

Stocks end first session higher after long closure

FE Online report 2020-05-31 15:39:52

Stocks on both the bourses ended higher on Sunday, the first trading session after a 66-day closure, thanks to regulatory move to boost the ailing capital market. DSEX, the key index of Dhaka Stock E...

HeidelbergCement downgraded to ‘Z’ category

FE Online Report 2020-05-31 14:21:08

HeidelbergCement Bangladesh will be placed in ‘Z’ category from existing ‘A’ category with effect from Monday as the company has recommended ‘no’ dividend due to in...

Delta Hospital’s cut-off price fixed at Tk 11 each

FE Online Report 2020-05-31 12:46:48

The cut-off price of Delta Hospital Ltd’s shares has been fixed at Tk 11 through electronic bidding by eligible institutional investors. The Dhaka Stock Exchange (DSE) on Sunday disclosed the c...

Stocks up at open as trading resumes after 66-day break

FE Online Report 2020-05-31 11:27:35

Stocks on both the bourses witnessed an upward trend in the early hour of trading Sunday as trading resumed after a hiatus of more than two months. Trading and settlement activities on the bourses re...

NCC Bank postpones recommended dividend

FE Online Report 2020-05-31 11:05:39

The board of directors of National Credit and Commerce Bank has postponed the recent dividend recommendation for the year ended on December 31, 2019, said an official disclosure on Sunday. The board...

Reopening will worsen coronavirus crisis: Mansur

-- 2020-05-31 10:59:13

Economic researcher Ahsan H Mansur has warned of socioeconomic instability and an eroding public trust in the government as Bangladesh is set to reopen offices and resume public transport system after...

BSEC meets BB tomorrow

Mohammad Mufazzal 2020-05-31 10:39:00

The securities regulator will sit with the Bangladesh Bank (BB) tomorrow (Monday) to strengthen coordination between the two regulators for further development of capital market and money market. "Bo...

Govt expects economy to rebound next fiscal

FE REport 2020-05-31 09:25:51

The government is set to project the GDP growth rate for the fiscal year 2021 at 8.2 per cent, pinning its hope mainly on possible surge in domestic demand, powered by consumption and investment, offi...

ADB provides assistance to augment COVID-19 facilities in BD

FE Online Report 2020-05-30 14:27:55

The Asian Development Bank (ADB) is providing US$231,178 grant to augment novel corona virus disease (COVID-19) related facilities in 134 urban primary health centres, also called Nogor Swastho Kendro...

IMF approves $732m for Bangladesh

FE Online Report 2020-05-30 11:28:45

The IMF Executive Board approved Friday US$ 732 million emergency assistance for Bangladesh under the Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) to address the challenges posed b...

Tk 18b cut from three projects

MUNIMA SULTANA 2020-05-30 09:38:51

The government has cut the demand for more than Tk 18 billion from three major projects, including the Padma Bridge scheme, to tackle the coronavirus pandemic in Bangladesh. According to officials, t...

NBR misses revenue target until April

DOULOT AKTER MALA 2020-05-30 09:31:38

The National Board of Revenue (NBR) lagged behind its revised target by 26.29 per cent until April due to an economic slowdown caused by the COVID-19 pandemic. The tax-collecting authorities have fac...

Pandemic saps BD economic strengths  

JASIM UDDIN HAROON 2020-05-30 09:21:09

The economy's almost all major indicators have dipped, drained by sluggish economic activities in the wake of shutdowns aimed at stemming the spread of coronavirus. Remittances, exports, imports, i...

COVID-19: Govt so far announces $11.90b stimulus packages

-- 2020-05-29 19:38:58

The government has so far announced a set of stimulus packages worth around $11.90 billion (Taka 1.011 trillion to offset the COVID-19 shock on various sectors of the country and minimise the sufferin...

Online job posting drops by 87pc in April: ADB

FE ONLINE REPORT 2020-05-29 18:50:47

The number of job postings on online job portals in Bangladesh dropped by 87 per cent in April this year, compared to same month of previous year, due to COVID-19 pandemic. The Asian Development Bank...

Linking four linear segments in Budget '21

DEBAPRIYA BHATTACHARYA 2020-05-29 10:27:25

It is a severe understatement when one says that formulating Bangladesh's budget for the next one year -- while the stressed economy is reeling under growing, yet uncertain, devastating impact of the...

NBR on the hunt as tax shortfall looms

Doulot Akter Mala 2020-05-29 10:08:34

The National Board of Revenue, or NBR, has stepped in to bring the tax defaulters, who owe over Tk 0.5 million to the government, under its scanner. The income tax department of the board has instruc...

Govt cuts investment ceiling in postal savings bank by two-thirds

SYFUL ISLAM 2020-05-29 09:22:07

The government has cut the investment ceiling in postal savings instruments by two thirds taking into consideration their high interest rate, officials have said. From now on, for both term and ordin...

Bangladesh stock exchanges to resume Sunday, after two-month shutdown

-- 2020-05-28 17:54:36

Bangladesh’s two stock exchanges will resume trading and settlement on Sunday, ending a two-month shutdown over the coronavirus outbreak, as the regulator has approved the bourses’ plan to...

Jt initiative of Amar Foods, Esho Shobai

FE Online Desk 2020-05-28 12:43:26

It all started in the early hours of Eid day. School teacher Abdur Rahman from Sadullahpur, Gaibandha was utterly surprised by the unique gesture of receiving EID essential groceries from Amar Fo...