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Fashion brands that 'exploit' BD suppliers face blacklisting

Fashion brands that 'exploit' BD suppliers face blacklisting

Thomson Reuters Foundation 2020-05-28 12:07:17

Bangladeshi manufacturers said on Wednesday that they would blacklist Western fashion brands that “exploit” them by failing to pay their bills due to the new coronavirus crisis, days after...

Power Grid Company’s EPS up 11.5pc in nine months

Power Grid Company’s EPS up 11.5pc in nine months

-- 2020-05-27 19:11:42

Power Grid Company of Bangladesh’s earnings per share (EPS) rose 11.5 per cent year-on-year in nine months for July, 2019 to March, 2020. The board of directors of the company in a virtual meet...

HSBC provides ‘Thank You’ lunch to COVID-19 healthcare providers 

HSBC provides ‘Thank You’ lunch to COVID-19 healthcare providers 

FE Online Desk 2020-05-27 18:10:22

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh in partnership with The Ministry of Civil Aviation & Tourism and Bangladesh Red Crescent Society reached out to 3000 he...

Embassy of Bangladesh, Beijing rejoinder

Embassy of Bangladesh, Beijing rejoinder

FE Online Desk 2020-05-27 12:32:18

The Bangladesh Embassy in Beijing, China has sent a rejoinder to a news item published on the The Financial Express (Online) on May 23, 2020 under the headline ‘China exit: Japanese firms keen o...

DSE market-cap to GDP ratio remains low in region

DSE market-cap to GDP ratio remains low in region

FE Online Report 2020-05-26 11:22:03

The ratio of the Dhaka Stock Exchange’s market-cap to the GDP remained low in the region amid lack of listing of new big issues and price erosion of large-cap companies. The present market capi...

BEXIMCO forays into US with 6.5m PPE gowns

BEXIMCO forays into US with 6.5m PPE gowns

FE Online Desk 2020-05-25 17:36:31

In a landmark, Bangladesh joined the select group of countries that manufacture world-class, large-scale Personal Protective Equipment (PPE) by shipping 6.5 million PPE gowns to US brand Hanes, for ul...

Pandemic robs stock investors’ Eid festivity

Pandemic robs stock investors’ Eid festivity

FE ONLINE REPORT 2020-05-25 11:03:19

Kamrul Hossain, a stock investor who lives at Gopibagh in Dhaka, celebrated Eid-ul-Fitr in 2019 with an enthusiastic and festive mood with his family. He bought new dresses for all six members of the...

Tradings on bourses resume May 31 after 66-day

Tradings on bourses resume May 31 after 66-day

FE Online Report 2020-05-24 18:13:35

Tradings on both the stock exchanges are set to resume from May 31, after a 66-day break, due to Covid-19 pandemic. Trading and settlement activities will resume on the day even if the countrywide ge...

BAPLC greets new chairman of BSEC

BAPLC greets new chairman of BSEC

FE Online Report 2020-05-24 17:07:47

Bangladesh Association of Publicly Listed Companies (BAPLC) leaders greeted Professor Shibli Rubayat Ul Islam on assuming his office as the chairman of Bangladesh Securities and Exchange Commission (B...

China exit: Japanese firms keen on moving to BD

China exit: Japanese firms keen on moving to BD

FE ONLINE REPORT 2020-05-23 12:16:11

At least 34 Japanese companies operating in China have shown interest to relocate their units to Bangladesh. The embassy of Bangladesh in Beijing informed the development to the ministry of foreign a...

RAK Ceramic's net profit drops 18pc in Q1

RAK Ceramic's net profit drops 18pc in Q1

FE Report 2020-05-23 10:16:40

The net profit of RAK Ceramics (Bangladesh) fell more than 18 per cent year-on-year in the first quarter (Q1) for January-March, 2020 due to lower sales amid ongoing pandemic. The board of director...

Kohinoor, Orion Pharma, Orion Infusion disclose Q3 earnings

Kohinoor, Orion Pharma, Orion Infusion disclose Q3 earnings

FE Report 2020-05-23 10:11:35

Three more pharma & chemicals sector companies - Kohinoor Chemical, Orion Pharma and Orion Infusion- disclosed their third quarter (Q3) earnings for January-March, 2020 period. The companies' ear...

Linde Bangladesh's profit up 11pc in first quarter

Linde Bangladesh's profit up 11pc in first quarter

FE Report 2020-05-23 10:07:53

Linde Bangladesh's net profit rose nearly 11 per cent year-on-year in the first quarter (Q1) for January-March, 2020 driven by higher income. However, the company's net operating cash flow per share...

Non-bank debts halve on NSC sales slump

Non-bank debts halve on NSC sales slump

Siddique Islam 2020-05-23 09:21:44

The government has slashed its non-bank borrowing target by half to Tk 150 billion to finance the budget deficit of the current fiscal year ending on June 30, officials said. The government's net non...

Agriculture sector should get priority in next budget: Speakers

Agriculture sector should get priority in next budget: Speakers

FE Online Desk 2020-05-22 23:31:04

Speakers at a virtual seminar have demanded to prioritise agriculture sector in the budget of 2020-21 fiscal year to minimise the economic impact during post-pandemic period. They also said the gover...

'Long-term financing should be ensured through capital mkt'

'Long-term financing should be ensured through capital mkt'

Mohammad Mufazzal 2020-05-22 10:28:26

The country's capital market has considerable opportunities to overcome the impacts of the COVID-19. In that case, potential policy measures will have to be adopted to increase investors' participati...

Govt takes up Tk 70b project to create self-employment

Govt takes up Tk 70b project to create self-employment

-- 2020-05-22 10:10:22

The youth and sports ministry has taken up a Tk 70 billion project to create self-employment and alleviate poverty. It aims at making the huge portion of the population, who have left the cities due...

NCC Bank's EPS jumps 110pc in Q1

NCC Bank's EPS jumps 110pc in Q1

FE Report 2020-05-22 10:04:20

National Credit and Commerce Bank's consolidated earnings per share jumped 110 per cent year-on-year in the first quarter (Q1) for January-March, 2020 despite ongoing Covid-19 pandemic. The board of...

Thrust on giving priority to health sector in next budget

Thrust on giving priority to health sector in next budget

FE Report 2020-05-22 09:56:01

Speakers at a virtual seminar on Thursday stressed the need for giving priority to the health sector in the budget for fiscal year 2020-21 and utilising allocation properly to revive the coronavirus-r...

Amphan ravages Rajshahi mango hub

Amphan ravages Rajshahi mango hub

FHM Humayan Kabir 2020-05-22 09:49:35

The cyclone Amphan has dealt a body blow for mango farmers in the Rajshahi region, already reeling under the coronavirus outbreak, victims and officials said on Thursday. The very severe storm that p...

PRAN-RFL distributes relief among another 11 thousand families

PRAN-RFL distributes relief among another 11 thousand families

FE Online Desk 2020-05-21 23:18:35

PRAN-RFL Group, one of the leading conglomerates of Bangladesh is distributing food items to more than 11 thousand poor families across the country. The organization has started food distribution in t...

Lawmakers recommend protection of bidi industry, slashing taxes in budget

Lawmakers recommend protection of bidi industry, slashing taxes in budget

FE ONLINE REPORT 2020-05-21 18:40:24

More than 50 lawmakers from different areas of the country have submitted demi official (DO) letters to the Prime Minister and the National Board of Revenue (NBR) recommending reduction of existing ta...

CBP holds Pre-Budget Virtual Dialogue 2020

CBP holds Pre-Budget Virtual Dialogue 2020

-- 2020-05-21 18:24:40

The Centre on Budget and Policy (CBP), University of Dhaka, recently held a virtual dialogue, titled ‘Pre-Budget Virtual Dialogue 2020’ on the upcoming budget amid the COVID-19 crisis. D...

Many RMG units remain shut for lack of work orders

Many RMG units remain shut for lack of work orders

FE ONLINE REPORT 2020-05-21 15:35:10

A significant number of garment factories remained closed for the last two months since March due to shortage of work orders followed by the ongoing coronavirus pandemic, industry insiders said. Many...

Inter-bank call rate stable before Eid amid BB's support

Inter-bank call rate stable before Eid amid BB's support

Siddique Islam 2020-05-21 10:45:43

The inter-bank call money rate remained almost stable on Wednesday, the last working day before the Eid vacation, despite higher cash withdrawal from banks, bankers said. The weighted average rate (W...

Govt focuses on incentive plan to attract relocating businesses

Govt focuses on incentive plan to attract relocating businesses

-- 2020-05-21 10:42:59

The government has decided to devise a strategic plan on incentives and other benefits to be offered to prospective foreign investors who will relocate their businesses to Bangladesh in the post-Covid...

IPO subscription of Express Insurance delayed further

IPO subscription of Express Insurance delayed further

FE Report 2020-05-21 10:35:45

The public subscription for Express Insurance shares has been delayed further as the stock market remained shut in line with the government holidays. The government has extended the ongoing shutdow...

Two DU professors join BSEC as commissioners

Two DU professors join BSEC as commissioners

FE Report 2020-05-21 10:31:04

The government has appointed two commissioners at the securities regulator to make the commission functional removing the quorum crisis. The ministry of finance (MoF) confirmed their appointment fo...

Virus throws 22.9pc into poverty: Survey

Virus throws 22.9pc into poverty: Survey

FE Report 2020-05-21 10:04:32

The COVID-19 pandemic has pushed 22.9 per cent people of the country below poverty line apart from officially- recognised 20.5 per cent existing poor, according to a rapid survey report. The report s...

‘It is not possible to shut down tobacco industry in a hurry’

‘It is not possible to shut down tobacco industry in a hurry’

-- 2020-05-20 23:40:08

The Ministry of Industries has said it is not possible to shut down tobacco industry in a hurry without creating awareness. The statement was made in a press release issued on Wednesday by industries...