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NSE expresses interest to be strategic partner of DSE

NSE expresses interest to be strategic partner of DSE

Mohammad Mufazzal 2018-01-21 12:00:00

National Stock Exchange of India (NSE) has expressed its interest to be strategic partner of the Dhaka Stock Exchange (DSE), according to officials of the securities regulator. A NSE delegation expre...

Stocks extend gaining streak amid low turnover

Stocks extend gaining streak amid low turnover

-- 2018-01-21 12:00:00

Stocks ended marginally higher for the two consecutive sessions on Sunday with low participation of investors as many investors remained followed cautious stance ahead of monetary policy announcement....

NBR to launch software for replacing manual selection of tax file

NBR to launch software for replacing manual selection of tax file

-- 2018-01-21 12:00:00

Many of the country’s taxpayers often complain that their tax files are targeted on purpose for auditing just to harass them.  However, officials working in the government's taxation depar...

Reform rules, cut corporate tax to 25pc to net in investment

Reform rules, cut corporate tax to 25pc to net in investment

FE Report 2018-01-21 05:32:47

A national policy think-tank suggests Bangladesh knock down maximum corporate tax to 25 per cent over a three-year period as part of reform to spur investment and economic growth. At the same time, t...

Padma bridge suffers from surfeit of funds as work decelerates

Padma bridge suffers from surfeit of funds as work decelerates

FHM Humayan Kabir 2018-01-20 12:00:00

As construction work decelerates sharply, the Padma bridge needs 17 per cent or Tk 47.03 billion less money in the country's upcoming revised development budget, officials said. The Bridges Division...

Tk 20.8b dev project for Rajshahi division

Tk 20.8b dev project for Rajshahi division

-- 2018-01-20 12:00:00

The government has taken an initiative to implement a mega project in Rajshahi division, excluding Sirajganj, at an estimated cost of Tk 20.80 billion for overall rural infrastructure development. Lo...

'Stock market not a place for rumours'

'Stock market not a place for rumours'

-- 2018-01-20 12:00:00

Finance Minister Abul Maal Abdul Muhith has said the stock market is not a place for rumours and those who think so are its enemies. "Investors need to study to learn about the market, said the finan...

Stocks extend losing streak as bank shares keep falling

Stocks extend losing streak as bank shares keep falling

Babul Barman 2018-01-20 09:59:21

Stocks witnessed yet another bearish week that ended Thursday amid lack-lustre trading as investors continued their selling binge on sector-wise issues ahead of monetary policy statement (MPS) announc...

Asian Clearing Union includes JPY in currency basket

Asian Clearing Union includes JPY in currency basket

FE Report 2018-01-19 12:39:18

Country's banks are now allowed to use Japanese yen (JPY), along with the US dollar and Euro, for settling payments under the Asian Clearing Union (ACU) mechanism, officials said Thursday. The commer...

Two cos move into "A" category

Two cos move into "A" category

FE Report 2018-01-19 12:01:32

The authorities have changed the category of two listed companies, Oimex Electrode and Deshbandhu Polymer, effective from January 21 (Sunday) as they reported disbursement of 10 per cent stock dividen...

Square Pharma stays atop for second day

Square Pharma stays atop for second day

FE Report 2018-01-19 11:47:15

The Square Pharmaceuticals dominated the premier bourse's transaction chart for the second consecutive session on Thursday as the top 10 traded companies accounted for 34 per cent of the turnover....

Capital Market Investment Fair begins in Ctg on Feb 1

Capital Market Investment Fair begins in Ctg on Feb 1

FE Report 2018-01-19 11:42:53

The four-day long 6th Capital Market Investment Fair of the Chittagong Stock Exchange (CSE) will start on February 1. The port city bourse will arrange the fair at the GEC Convention Hall in Chittago...

Financing LNG sector to depend largely on int'l lending agencies

Financing LNG sector to depend largely on int'l lending agencies

Syful Islam 2018-01-19 09:46:12

Bangladesh would have to depend largely on international lending agencies for financing the investment needs of LNG (liquefied natural gas) sector, officials said. Because, they said, sourcing of suc...

Hi-tech parks to create 0.30m jobs

Hi-tech parks to create 0.30m jobs

-- 2018-01-19 04:06:35

The government has taken initiatives to set up hi-tech parks in all districts of the country which will create around 0.30 million jobs. The steps have been taken to set up the software technology pa...

Bangladesh eyes power plant projects in Nepal

Bangladesh eyes power plant projects in Nepal

FE Online Desk 2018-01-19 03:28:48

Bangladesh has proposed to build hydroelectric projects in Nepal to expand its power options after spending $1 billion to build electricity plants in Bhutan. “In order to meet growing demand, w...

DSE down, CSE up at opening

DSE down, CSE up at opening

FE Online Report 2018-01-18 12:00:00

Stocks witnessed mixed trend in early hour of trading Thursday amid low trading activities as many investors remained followed cautious stance ahead of monetary policy announcement. Following the pre...

S Alam Cold earnings fall in Q4

S Alam Cold earnings fall in Q4

FE Report 2018-01-18 12:00:00

The earnings of S Alam Cold Rolled Steels declined in fourth quarter (Q4) in 2017, compared to same period of the previous year. According to the company's un-audited financial statement, the consoli...

Ban on export of raw jute varieties

Ban on export of raw jute varieties

FE Online Report 2018-01-18 12:00:00

The government of Bangladesh has imposed an indefinite ban on export of certain categories of raw jute, said an official source. The embargo on export came on Thursday in response to the requests put...

ADB to support Bangladesh in implementing SDGs

ADB to support Bangladesh in implementing SDGs

FE Online Desk 2018-01-18 12:00:00

Asian Development Bank (ADB) reaffirmed its commitment to support Bangladesh in achieving the Sustainable Development Goals (SDGs). ADB’s Vice-President Wencai Zhang said it on Thursday. Zhang...

Three brokerage firms to face music

Three brokerage firms to face music

FE Report 2018-01-18 11:49:41

The securities regulator has imposed an aggregate amount of penalty worth Tk 0.4 million on three brokerage firms of Dhaka Stock Exchange (DSE) for breaching the securities rules. The decision was...

BBS Cables now in A-category

BBS Cables now in A-category

FE Report 2018-01-18 11:34:24

BBS Cables has been placed in "A" category from existing "N" category today (Thursday) as the company has reported disbursement of 5.0 per cent cash and 15 per cent stock dividend for the year ended o...

Economists fear family ‘oligopoly’ in banking

Economists fear family ‘oligopoly’ in banking

Jasim Uddin Haroon 2018-01-18 10:21:35

Financial experts said majority stakeholders of banks disfavor the latest legal amendment as they fear inducting four members of a family into bank boards would help establish oligopoly in the banki...

Govt seeks development partners’ financing for achieving SDGs

Govt seeks development partners’ financing for achieving SDGs

FE Online Desk 2018-01-18 10:19:37

Finance Minister Abul Maal Abdul Muhith has sought financing by development partners for successfully attaining the SDGs. The minister also asked them not to take away their attention from Bangladesh...

Amendment to policy on VAT consultants' appointment soon

Amendment to policy on VAT consultants' appointment soon

Doulot Akter Mala 2018-01-18 09:54:52

The revenue authorities will recast the policy on appointment of VAT consultants to prevent alleged abuse of licence for this service and appoint more such go-betweens in the tax collection. Official...

Taka falling against US$ despite BB's support

Taka falling against US$ despite BB's support

Siddique Islam 2018-01-18 09:36:29

Depreciating trend of the local currency against the US dollar is continuing despite the central bank's foreign currency support to the commercial banks. The exchange rate of Bangladesh Taka (BDT)...

BDF meet ends; Thrust on collaboration between dev partners to achieve SDGs

BDF meet ends; Thrust on collaboration between dev partners to achieve SDGs

FE Online Report 2018-01-18 06:32:01

The two-day Bangladesh Development Forum (BDF) in the capital ended Thursday seeking higher assistance from the overseas development partners to achieve sustainable development goals (SDGs). The gove...

Bourses rebound amid sluggish turnover

Bourses rebound amid sluggish turnover

FE Online Report 2018-01-18 03:50:35

Stocks rebounded Thursday, after one-day break, as some optimistic investors went on buying spree on sector-wise large-cap stocks. Analysts said the market backed to green as investors showed their...

BD Thai installs machinery to enhance production

BD Thai installs machinery to enhance production

FE Online Report 2018-01-18 02:38:20

Bangladesh Thai Aluminium, which raised Tk 523.34 million through rights shares, installed machinery to enhance production capacity. The company has successfully installed the 4th extrusion press, an...

Multilayer taxation on dividend hurting investment growth

Multilayer taxation on dividend hurting investment growth

M Azizur Rahman 2018-01-17 12:00:00

Big entrepreneurs shy away from reinvesting their profit in new ventures or limiting necessary expansions in fear of huge monetary losses under Bangladesh's 'complex' multilayered dividend-taxation sy...

Skilled workers' outflow jumps by 36pc

Skilled workers' outflow jumps by 36pc

Arafat Ara 2018-01-17 12:00:00

The outflow of Bangladeshi skilled workers surged by more than 36 per cent last year compared with a year ago helped by the government efforts, officials said. A total of 434,344 skilled workers went...