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The Financial Express

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Move to procure 10,000 electronic devices to check VAT evasion

Move to procure 10,000 electronic devices to check VAT evasion

-- 2019-09-06 17:22:50

The National Board of Revenue (NBR) has started the process to procure modern technology-based electronic fiscal devices (EFDs), aiming to check VAT evasion both at the retail and wholesale levels. S...

Stocks inch higher in early trading

Stocks inch higher in early trading

FE Online Report 2019-09-05 11:45:48

Stocks inched higher in early hour of trading on Thursday as bargain hunters showed their appetite on sector-wise issues after recent fall. Following the previous six days’ 192 points fall, the...

Overall economic achievements remain below true potentials

Overall economic achievements remain below true potentials

FE Report 2019-09-05 11:01:51

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has listed inadequate infrastructure, lack of investors' confidence, and shortage of power and energy as major impediments to the countr...

MCCI fears 6.0pc inflation in Sept

MCCI fears 6.0pc inflation in Sept

FE Report 2019-09-05 10:28:10

A spike in inflationary pressure is projected for September on the back of a rising trend in the prices of key commodities in the international market. Metropolitan Chamber of Commerce and Industry...

Idle fund: Soaking it up to stop misuse, says kamal

Idle fund: Soaking it up to stop misuse, says kamal

FE Report 2019-09-05 10:16:47

Finance Minister AHM Mustafa Kamal defended on Wednesday the government's move to transfer idle money of state entities to the public exchequer, saying that it was intended to stop misuse of fund. "M...

IMF pushes for enforcement of regulations

IMF pushes for enforcement of regulations

Siddique Islam 2019-09-05 10:08:12

The International Monetary Fund (IMF) has emphasised strict enforcement of regulations to ensure stability of the financial sector in Bangladesh. It also recommended that the policymakers take effect...

DSEX dips below 5000-mark again

DSEX dips below 5000-mark again

FE Online Report 2019-09-04 15:50:23

The key index of the major bourse slumped below the ‘psychological’ threshold of 5,000-mark again on Wednesday as investors continued to dump their holdings to escape further loss. DSEX,...

PM to inaugurate IORA summit Thursday

PM to inaugurate IORA summit Thursday

-- 2019-09-04 13:45:09

Prime Minister Sheikh Hasina is scheduled to inaugurate the Indian Ocean Rim Association (IORA) Blue Economy Ministerial Conference (BEC-III) on Thursday. Member States of IORA will discuss ways to p...

Stocks witness mix trend in early trading

Stocks witness mix trend in early trading

FE Online Report 2019-09-04 11:29:32

Stocks witnessed mixed trend in early hour of trading on Wednesday as investors were active on both sides of trading fence. Following the previous five days’ correction, the Dhaka Stock Exchang...

ADN Telecom to issue shares under book building

ADN Telecom to issue shares under book building

FE Report 2019-09-04 10:57:59

The securities regulator has allowed ADN Telecom to issue shares to eligible investors (EIs) and general public under the book building method. The regulatory consent came Tuesday at a meeting held a...

Future lies in building tech, knowledge-based society: BIDA EC

Future lies in building tech, knowledge-based society: BIDA EC

FE Report 2019-09-04 10:54:31

The country should focus on increasing investment to establish a knowledge- and technology-based society, so that it can cope with the upcoming challenges, said Kazi M Aminul Islam, outgoing executive...

Aug inflation declines marginally

Aug inflation declines marginally

FE Report 2019-09-04 10:47:49

The point-to-point inflation rate has declined by 0.13 percentage point to 5.49 per cent in August, compared to the previous month, official data showed. The fall in inflation rate is due to a drop i...

NPL buildup, high cost of fund remain major potential risks: Study

NPL buildup, high cost of fund remain major potential risks: Study

FE Report 2019-09-04 10:45:07

The country's banking sector is now moderately competitive and stable. But, there are some potential risks for the sector, including further increase in the volume of non-performing loans (NPLs), inso...

Open-end MFs interest fund managers more

Open-end MFs interest fund managers more

Mohammad Mufazzal 2019-09-04 10:09:36

Most of the fund managers now prefer floatation of open-end mutual funds (MFs) to closed-end ones, as they consider options of the open-end ones more viable and investor-friendly than the latter ones....

ICCB stresses FDI for sustainable economic development

ICCB stresses FDI for sustainable economic development

-- 2019-09-03 17:53:36

Foreign direct Investment (FDI) has long been the most viable method of wealth and technological transfer between the developed and developing countries in the world. FDI has an important role to pla...

Stocks extend losing streak for fifth straight day

Stocks extend losing streak for fifth straight day

FE Online Report 2019-09-03 15:45:40

Stocks extended the losing streak for the fifth straight session on Tuesday as risk-averse investors continued their selling spree on large-cap stocks. DSEX, prime index of Dhaka Stock Exchange (DSE)...

Confidence Cement buys 51pc stake of Zodiac Power

Confidence Cement buys 51pc stake of Zodiac Power

FE Online Report 2019-09-03 12:04:12

Confidence Cement has purchased 51 per cent stake of Chattogram-based Zodiac Power Chittagong Ltd and made it a subsidiary of the company. The board of directors of Confidence Cement has approved the...

Genex Infosys signs business deal with Robi Axiata

Genex Infosys signs business deal with Robi Axiata

FE Online Report 2019-09-03 11:37:54

The Genex Infosys Limited has informed that they signed an agreement with Robi Axiata Limited for contact of offer and sell Multi-Play Service to Robi customers via the company’s ISP license. T...

Stocks mixed as investors take cautious stance

Stocks mixed as investors take cautious stance

FE Online Report 2019-09-03 11:33:55

Stocks witnessed mixed trend in early hour of trading on Tuesday as investors mostly followed cautious stance. Following the previous four days’ correction, the Dhaka Stock Exchange (DSE) opene...

Tax receipts from DSE dip 57 per cent in August

Tax receipts from DSE dip 57 per cent in August

FE Report 2019-09-03 10:54:22

The government's revenue earnings from the Dhaka Stock Exchange (DSE) slumped 57 per cent month-on-month in August due to lower trading sessions on the occasion of Eid-ul-Azha holiday. Market analyst...

Remittances top $3.0b in August

Remittances top $3.0b in August

FE Report 2019-09-03 10:51:47

Money sent home by expatriate Bangladeshis amounted to over US$3.0 billion in the two months to August, boosted by increased flow on the occasion of Eid-ul-Azha. The flow of remittances rose by nearl...

BRTC to offload 49pc share in capital market

BRTC to offload 49pc share in capital market

-- 2019-09-02 21:20:15

The Cabinet on Monday approved the draft of ‘Bangladesh Road Transport Corporation Bill, 2019’ to offload 49 per cent share of the corporation in the capital market. The approval came at...

'BD remains in top since 2009 in attaining GDP growth'

'BD remains in top since 2009 in attaining GDP growth'

-- 2019-09-02 17:13:26

Finance Minister AHM Mustafa Kamal on Monday said Bangladesh remains in top position in attaining GDP growth compared to other countries in the world over the last 10 years since 2009 under the curren...

Stocks extend losses for fourth straight session

Stocks extend losses for fourth straight session

FE Online Report 2019-09-02 15:37:58

Stocks witnessed yet another bearish session on Monday, extending the losing streak for the fourth straight session, as cautious investors continued their selling binge on large-cap stocks. DSEX, pri...

Stocks witness modest fall in early trading

Stocks witness modest fall in early trading

FE Online Report 2019-09-02 11:52:14

The prices of most of the shares on the bourses witnessed downward trend in early hour of trading on Monday as investors mostly followed cautious stance. Following the previous day’s marginal c...

FICCI for research-based sound policy changes

FICCI for research-based sound policy changes

FE Report 2019-09-02 10:43:42

Raising concern over unpredictable policymaking, foreign investors on Sunday said any change in the policy should be based on comprehensive research. They said any policy change made through wrong an...

Net foreign fund in stocks remains negative

Net foreign fund in stocks remains negative

Babul Barman 2019-09-02 10:13:41

Net foreign investment in Dhaka Stock Exchange (DSE) remained negative for the sixth straight month in August as the overseas investors continued to pull out their fund amid lack of confidence. Marke...

DSEX hits more than one-month low

DSEX hits more than one-month low

FE Online Report 2019-09-01 17:13:26

Stocks extended the losing streak for the third straight session on Sunday as risk-averse investors continued their selling binge on sector-wise stocks. DSEX, prime index of Dhaka Stock Exchange (DSE...

Higher interest rate naturally creates loan defaulters: PM

Higher interest rate naturally creates loan defaulters: PM

UNB 2019-09-01 16:24:23

Prime Minister Sheikh Hasina on Sunday said the government has taken steps to bring down the interest rate of bank loan to a single digit in all banks, noting that higher interest rate naturally creat...

National Polymer recommends 22pc stock dividend

National Polymer recommends 22pc stock dividend

FE Online Report 2019-09-01 13:27:58

The board of directors of National Polymer Industries Ltd has recommended 22 per cent stock dividend for the year ended on June 30, 2019. It has also recommended raising of paid up capital through is...