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The Financial Express

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FICCI proposes gradual cut in corporate tax

FICCI proposes gradual cut in corporate tax

FE Report 2018-04-03 09:38:15

Foreign investors have proposed the National Board of Revenue (NBR) to devise a plan to cut corporate tax rates gradually and expand the tax net over the next five years. The members of the Foreign I...

Only strong banks should get state entities' deposit

Only strong banks should get state entities' deposit

FE Report 2018-04-03 00:27:30

Only the strong and well-managed banks should be allowed to receive 50 per cent deposit of the state entities, a leading economist of the country opined on Monday. "Not all the banks should be allowe...

Dhaka Bank launches transactional account ‘Shukti’

Dhaka Bank launches transactional account ‘Shukti’

-- 2018-04-03 00:21:02

Dhaka Bank Limited has recently launched a transactional account namely 'Shukti' to benefit business enterprises to do more business transactions at its corporate office. In addition to get interest...

Habibur Rahman Prime Bank's new AMD

Habibur Rahman Prime Bank's new AMD

-- 2018-04-03 00:15:26

Habibur Rahman has been promoted to the position of Additional Managing Director (AMD) of Prime Bank. Prior to his promotion, he was Deputy Managing Director (DMD) of the bank. Mr. Rahman has been ass...

NBR wants FICCI's assistance for tax collection

NBR wants FICCI's assistance for tax collection

-- 2018-04-02 19:35:54

National Board of Revenue (NBR) on Monday has sought cooperation from the business community for collection of tax from potential areas and individuals still remaining out of tax net. "This time the...

Bourses see upward trend at opening

Bourses see upward trend at opening

FE Online Report 2018-04-02 11:52:13

The prices of most of the stocks witnessed upward trend in early trading Monday, as investors are showing their buying spree sector-wise stocks encouraged by the government’s move to ease the...

NBR to settle long-standing BPC VAT dues thru' book adjustment

NBR to settle long-standing BPC VAT dues thru' book adjustment

Doulot Akter Mala 2018-04-02 10:18:12

The revenue authority is set to settle the long-standing Value Added Tax (VAT) worth Tk 35.64 billion dues from Bangladesh Petroleum Corporation (BPC) through book adjustment after all its efforts to...

Dhaka bourse EGM on April 30 to approve strategic partner

Dhaka bourse EGM on April 30 to approve strategic partner

FE Report 2018-04-02 10:17:31

Dhaka Stock Exchange (DSE) will hold extra-ordinary general meeting (EGM) on April 30 to take general shareholders' approval for the share purchase agreement to be signed with its strategic partner....

BSEC takes fresh move to ensure full compliance

BSEC takes fresh move to ensure full compliance

FE Report 2018-04-02 10:12:03

The securities regulator has moved to ensure proper compliance on holding minimum amount of shares of listed companies by the sponsor-directors individually and jointly. The regulatory move came foll...

BB takes new measures to  beef up liquidity supply

BB takes new measures to beef up liquidity supply

Siddique Islam 2018-04-02 00:17:00

Bangladesh Bank (BB) will slash Cash Reserve Requirement (CRR) of the banks by 1.0 percentage point to 5.50 per cent to help mitigate the present liquidity crunch in the banking system. The decision...

BD’s topmost challenge lies  in reducing gaping disparity

BD’s topmost challenge lies in reducing gaping disparity

Asjadul Kibria 2018-04-02 00:15:19

A macro-development economist of international renown noted with satisfaction the progress Bangladesh achieved in 47 years but warned that the rising disparity might derail the overall development. "...

Meghna Group celebrates launching eight new units in MEZ, MIEZ

Meghna Group celebrates launching eight new units in MEZ, MIEZ

-- 2018-04-02 00:13:16

Meghna Group of Industries (MGI) on Saturday celebrated inauguration of eight new industries of Meghna Economic Zone (MEZ) and Meghna Industrial Economic Zone (MIEZ) at Meghnaghat of Sonargaon in Nara...

Apollo Ispat inaugurates environment friendly galvanising factory

Apollo Ispat inaugurates environment friendly galvanising factory

FE Online Report 2018-04-01 19:50:21

Appollo Ispat Complex, a subsidiary of Apollo Group, launched an environment friendly galvanising factory in Narayanganj on Sunday. Industries Minister Amir Hossain Amu inaugurated the plant as the...

BB to cut CRR by 1.0 percentage point

BB to cut CRR by 1.0 percentage point

FE Online Report 2018-04-01 16:18:07

The central bank of Bangladesh will slash the Cash Reserve Requirement (CRR) by 1.0 percentage point to 5.5 per cent from the existing level of 6.50 per cent to help mitigating the ongoing liquidity c...

DSEX sees biggest single-day gain in three years

DSEX sees biggest single-day gain in three years

FE Online Report 2018-04-01 15:47:13

The prime index of the Dhaka Stock Exchange soared 2.67 per cent, the biggest single-day gain reported in the last three years as investors took position on stocks encouraged by the government’s...

Muhith expects over 7.5pc economic growth in current fiscal

Muhith expects over 7.5pc economic growth in current fiscal

-- 2018-04-01 12:34:18

Finance Minister AMA Muhith on Saturday said the government is expecting the country's economic growth will be over 7.5 per cent in the current fiscal year. The minister also said the economic growth...

Pubali Bank recommends 10pc stock dividend

Pubali Bank recommends 10pc stock dividend

FE Online Report 2018-04-01 11:37:50

The board of directors of Pubali Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2017. The final approval of the dividend will come during the annual general meetin...

Stocks open week on flying note

Stocks open week on flying note

FE Online Report 2018-04-01 11:36:58

Stocks witnessed a sharp rise in early trading Sunday as optimistic investors are showing their buying appetite on large-cap issues encouraged by the government’s move to ease the ongoing liquid...

LDC graduation: BB chief links it to functioning of FIs

LDC graduation: BB chief links it to functioning of FIs

FE Report 2018-04-01 09:55:13

Bangladesh's sustainable transition from the LDC (least-developed country) status largely depends on effective functioning of the country's financial institutions (FIs), says the central bank chief....

European Investment Bank looks to dole out €110m loan for Railway

European Investment Bank looks to dole out €110m loan for Railway

FE Report 2018-04-01 09:49:42

The European Investment Bank (EIB) intends to provide €110 million in loan to help Bangladesh purchase new rolling stock for the Railway. The total cost of the project is €270 million and c...

Regulator weighing pleas for doubling gas price

Regulator weighing pleas for doubling gas price

FE Report 2018-04-01 09:41:47

State energy regulator now weighs the proposals submitted by the gas- distribution companies for nearly doubling its tariffs, with an obvious motive of adjusting the prices with that of expensive LNG....

Star Ceramics to raise capital for expansion

Star Ceramics to raise capital for expansion

FE Report 2018-03-31 10:52:16

Star Ceramics, a tiles and sanitary-ware maker, will raise Tk 600 million from the capital market under the book-building method for expanding its existing plant. As part of raising capital, Star C...

Govt likely to sign €95m IDB loan for peri-urban housing

Govt likely to sign €95m IDB loan for peri-urban housing

FE Report 2018-03-31 10:36:23

The government is set to sign its long-awaited 94.75 million Euros loan deal with the Islamic Development Bank (IDB) next week, which would be used for the financing of rural and peri-urban housing...

Weekly review: Dhaka stocks reverse long losing streak

Weekly review: Dhaka stocks reverse long losing streak

Babul Barman 2018-03-31 10:17:48

Stocks were marginally higher last week, snapping the five-week losing spell, driven by the government's move to ease the ongoing liquidity crunch. Analysts said the market edged higher as optimistic...

Japan pledges $1.83b more for dev projects

Japan pledges $1.83b more for dev projects

FHM Humayan Kabir 2018-03-31 09:49:39

Japan has offered some US$1.83 billion in assistance for bankrolling Bangladesh's six major development projects on communications infrastructures, power and port. Ministry of Finance (MoF) officials...

PCBs to get half  of state entities’ deposits

PCBs to get half of state entities’ deposits

FE Report 2018-03-31 00:17:10

State enterprises will now be allowed to deposit 50 per cent of their funds with the private commercial banks (PCBs), up from the 25 per cent cap they used to have earlier. The decision to raise the...

BD to enjoy LDC trade benefits for nine years

BD to enjoy LDC trade benefits for nine years

FE Online Report 2018-03-30 19:26:05

Even after formally being graduated from the Least Developed Country (LDC) category in 2024, Bangladesh will be able to enjoy the existing trade benefits for another three years or up to 2027. Thus t...

$2.67b Chinese hard loan for Padma rail-link project

$2.67b Chinese hard loan for Padma rail-link project

FHM Humayan Kabir 2018-03-30 12:38:11

The construction work of Padma Bridge railway link is going to start this year, as the government approved US$ 2.67 billion Chinese hard loan for the project on Thursday, officials said. Economic Rel...

Square Pharma tops DSE transaction chart

Square Pharma tops DSE transaction chart

FE Report 2018-03-30 10:31:01

Top 10 companies captured for more than 23 per cent transaction of the Dhaka Stock Exchange (DSE) Thursday, with Square Pharmaceuticals topping the chart. Market insiders said the investors were ac...

IDLC Finance approves 30pc cash dividend

IDLC Finance approves 30pc cash dividend

-- 2018-03-30 10:28:17

Aziz Al Mahmood, Chairman of IDLC Finance Limited, presiding over the 33rd annual general meeting (AGM) of the company at Radisson Blu Water Garden Hotel in the city on Thursday in presence of Arif Kh...