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The Financial Express

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DSE brokers for allowing undisclosed money into stock market

DSE brokers for allowing undisclosed money into stock market

FE Report 2020-04-30 09:38:49

The DSE Brokers Association (DBA) has made a set of proposals, including the scope of investing undisclosed money into the capital market, to overcome the crisis created following the outbreak of COVI...

BSEC to seek public opinion on draft rules

BSEC to seek public opinion on draft rules

FE Report 2020-04-30 09:36:03

The securities regulator will fix new timeframe after opening its office to seek public opinion on the draft rules required to issue new TREC (trading right entitlement certificate). The decision was...

Forex reserve reaches $33b on lower import

Forex reserve reaches $33b on lower import

Siddique Islam 2020-04-30 09:33:11

The country's foreign exchange (forex) reserve reached at US$33 billion-mark on Wednesday following lower import payment pressure on the economy due to the worldwide spread of coronavirus pandemic....

SANEM for interest-free loans for farmers

SANEM for interest-free loans for farmers

FE ONLINE DESK 2020-04-29 14:51:03

South Asian Network on Economic Modeling (SANEM) has called giving farmers for interest-free loan, rather than a 4.0 per cent interest loan for them. Dr. Selim Raihan, Executive Director of the SANEM...

Marico BD declares final 200pc cash dividend

Marico BD declares final 200pc cash dividend

FE Online Report 2020-04-29 14:31:33

The board of directors of Marico Bangladesh Ltd has recommended final 200 per cent cash dividend for the year ended on March 31, 2020. The board recommended the dividend and approved the audited fina...

‘Behavioural change in public spaces key to overcome virus impact’ 

‘Behavioural change in public spaces key to overcome virus impact’ 

Jasim Uddin Haroon 2020-04-29 13:43:23

Coronavirus is going to change the way we do things in our society- from handshake to how we behave in public places. The social distancing, physical distancing to be accurate, is likely to stay until...

Two million garment jobs 'at risk' as clothes orders dry up

Two million garment jobs 'at risk' as clothes orders dry up

BBC 2020-04-29 12:20:42

High Street fashion emporiums around the world have closed their doors for lockdowns, but the largely forgotten victims are thousands of miles from the glass and steel-fronted shopping arcades. Sabin...

‘Economic recovery after virus pandemic would be challenging’

‘Economic recovery after virus pandemic would be challenging’

FE ONLINE REPORT 2020-04-28 23:08:46

Finance Minister AHM Mustafa Kamal has advised the banking sector leaders to keep non-performing loan (NPL) at a tolerable level as the economic recovery after COVID-19 pandemic would be challenging....

PKSF affiliates donate Tk 270m for the poor

PKSF affiliates donate Tk 270m for the poor

FE Online Desk 2020-04-28 19:25:01

The Palli Karma-Sahayak Foundation (PKSF) through its affiliated organisations has provided assistance worth about Tk 27 crore to the poor affected by the Covid-19 shutdown. PKSF, in a statement issu...

Poor paid-up capital of DSE brokers haunt investors

Poor paid-up capital of DSE brokers haunt investors

Mohammad Mufazzal 2020-04-28 09:27:17

Paid-up capital of a significant number of brokerage firms of Dhaka Stock Exchange (DSE) still remain poor compared to stipulated capital requirements set to avert the risk of doing business. The Ban...

Next ADP to focus on virus, farm, safety net

Next ADP to focus on virus, farm, safety net

FHM Humayan Kabir 2020-04-28 09:14:29

The Planning Commission is working on framing the Annual Development Programmer, or ADP, for the fiscal year, 2020-21 with an eye on rebuilding the economy, unsettled by coronavirus and shutdown, of...

Internal revenue collection: 2.73pc negative growth in March

Internal revenue collection: 2.73pc negative growth in March

Doulot Akter Mala 2020-04-28 09:04:07

The economic downturn due to COVID-19 has severely affected the country's internal revenue collection that posted 2.73-per cent negative growth in March 2020. During the period under review, the Nati...

Interest rate on farm loans now 4pc

Interest rate on farm loans now 4pc

-- 2020-04-27 19:21:51

Bangladesh Bank has lowered the interest rate on agricultural loans to four per cent from nine per cent and the new rate will continue until June 30, 2021. The central bank will provide the remaining...

BB announces Tk 100b lending scheme for SMEs

BB announces Tk 100b lending scheme for SMEs

-- 2020-04-27 16:48:06

The Bangladesh Bank has announced a Tk 100 billion refinancing fund to provide working capital for small and medium-sized enterprises (SMEs) affected by the nationwide shutdown over the coronavirus ou...

MTBians donate one-day salary   

MTBians donate one-day salary  

FE Online Desk 2020-04-27 14:30:52

Employees of Mutual Trust Bank Limited (MTB) have donated their one-day salary for the people in need, who have been suffering during the nationwide shutdown due to the coronavirus pandemic and to h...

Foreign funds in stocks keep falling

Foreign funds in stocks keep falling

Babul Barman 2020-04-27 09:22:01

Net foreign investment in the Dhaka bourse has been on a downward trend for the last one year as the overseas investors continued to pull out their fund amid prolonged bearish market trend. The forei...

Exchange rate: Bafeda steps in to halt abnormal quoting

Exchange rate: Bafeda steps in to halt abnormal quoting

SIDDIQUE ISLAM 2020-04-27 09:03:01

Foreign currency dealers have requested its member banks to maintain a benchmark for quoting exchange rates to the overseas firms engaged in remitting money to the country. The Bangladesh Foreign Exc...

Virus may force auditors to modify financial statements

Virus may force auditors to modify financial statements

Jasim Uddin Haroon 2020-04-27 08:47:11

New challenges have emerged in preparing financial statements for business entities in the aftermath of COVID 19. The auditors, in a report submitted to the Financial Reporting Council (FRC) recently...

Mobile-based app should be strengthened for trading, say experts

Mobile-based app should be strengthened for trading, say experts

Mohammad Mufazzal 2020-04-26 11:52:55

Number of mobile app users still remains very insignificant compared to total number of BO (beneficiary owner's) accounts as the exchanges' promotional activities were not sufficient to make the app p...

Economists suggest taking advice from health experts on reopening of different sectors

Economists suggest taking advice from health experts on reopening of different sectors

Mir Mostafizur Rahaman 2020-04-26 09:07:40

The first one month of the ongoing lockdown that ends today (Sunday) has already affected the country's economy seriously. The Health Economics Department estimates the loss during the first one mont...

Export-oriented factories must be opened up slowly maintaining health protocol

Export-oriented factories must be opened up slowly maintaining health protocol

FE Online Desk 2020-04-25 21:06:46

Prime Minister Sheikh Hasina’s private sector adviser Salman F Rahman said Saturday to save the economy the country’s export-oriented factories must be opened up slowly by maintaining nece...

Most MNCs see surge in 2019 earnings

Most MNCs see surge in 2019 earnings

Babul Barman    2020-04-25 09:23:57

Earnings of the most of the multinational companies listed on the country's stock market rose in 2019 compared to the previous year. Market operators said the multinational companies performed well a...

Brac Bank recommends 15 per cent dividend

Brac Bank recommends 15 per cent dividend

FE Report 2020-04-25 08:55:37

The board of directors of Brac Bank has recommended 7.50 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2019. A meeting of board of directors was held through digit...

SBC introduces crop insurance for haor

SBC introduces crop insurance for haor

JASIM UDDIN HAROON 2020-04-25 08:45:24

The state-owned Sadharan Bima Corporation (SBC) has launched, for the first time, flood index-based crop insurance for haor (wetland) areas. Under a pilot project, the SBC has launched the scheme at...

Coronavirus crisis: Efforts on to get external aid to bankroll higher budget deficit

Coronavirus crisis: Efforts on to get external aid to bankroll higher budget deficit

FHM Humayan Kabir 2020-04-25 08:38:59

The government is frantically looking for external aid to narrow its budget deficit both for the current and next fiscal years due to the adverse impact of coronavirus pandemic, officials say. The Wo...

GP, BRAC launch jt platform to support 0.1m families

GP, BRAC launch jt platform to support 0.1m families

FE Online Desk 2020-04-25 06:38:33

The ongoing social distancing drive and restriction on movement due to the COVID-19 pandemic is taking a toll on people who survive on daily wages and living in extreme poverty. Millions in Bangladesh...

Brac Bank recommends 15pc dividend

Brac Bank recommends 15pc dividend

FE Online Report 2020-04-24 18:29:23

The board of directors of Brac Bank has recommended 7.50 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2019. Due to countrywide lockdown over coronavirus pandemic,...

World Bank projects 22pc fall in remittances

World Bank projects 22pc fall in remittances

FE Report 2020-04-24 12:11:26

Bangladesh's inward remittances might fall by around 22 per cent in 2020 following the ongoing global crisis caused by the COVID-19 pandemic, according to the World Bank (WB). The volume of Banglades...

DSE market cap sheds Tk 328b in three months

DSE market cap sheds Tk 328b in three months

Babul Barman 2020-04-24 11:18:38

The market capitalisation of Dhaka Stock Exchange lost Tk 328 billion in just three months of the year as the Covid-19 pandemic wreaked havoc on stocks. The total market cap of the prime bourse was...

BATB announces 400pc cash dividend

BATB announces 400pc cash dividend

FE ONLINE DESK 2020-04-24 11:13:36

The 47th Annual General Meeting (AGM) of British American Tobacco Bangladesh Company Limited (BAT Bangladesh) was held on Wednesday, said a statement. To avoid public gathering during drastic times o...