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The Financial Express

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Saudi Arabia keen to invest more in Bangladesh

Saudi Arabia keen to invest more in Bangladesh

FE ONLINE DESK 2021-09-20 18:31:11

Noting that Bangladesh has an investment-friendly climate, the Saudi investment minister has said there is potential for more Saudi investment in Bangladesh. Saudi investment minister Khalid Al-Falih...

Nagad gives Tk 33.2m to postal dept as revenue share in FY21

Nagad gives Tk 33.2m to postal dept as revenue share in FY21

-- 2021-09-20 18:13:03

Mobile financial service Nagad has handed over Tk 33.20 million (Tk 3,31,94,877) to the Bangladesh Post Office as its revenue share for FY21. Posts and Telecommunications Division Secretary Md. Afzal...

Sonali Paper recommends 40 per cent dividend

Sonali Paper recommends 40 per cent dividend

FE Report 2021-09-20 10:35:35

Sonali Paper & Board Mills has recommended 20 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2021. In a disclosure, the company said its dividends are recommended o...

Transactions through school banking accounts allowed

Transactions through school banking accounts allowed

FE REPORT 2021-09-20 10:28:28

Transactions involving the 'Bangabandhu Education Insurance' can be made through school banking accounts from now on, Bangladesh Bank (BB) said in a circular on Sunday. The insurance regulator -- Ins...

Banks' commissions cut to squeeze savings certificate sales growth

Banks' commissions cut to squeeze savings certificate sales growth

DOULOT AKTER MALA 2021-09-20 10:27:16

The government presses the brake on sales of national savings certificates (NSC) by way of slashing receivable commissions of commercial banks against transactions in these borrowing tools. The banks...

Islamic banks see liquidity glut, investment holdup blamed

Islamic banks see liquidity glut, investment holdup blamed

Siddique Islam 2021-09-20 09:45:58

A glut of idle money and a concurrent investment holdup amid the pandemic hangover leave Bangladesh's Islamic banking sector in a quandary with excess liquidity in the vault, sources say. They say th...

Issuers asked to expedite listing of perpetual bonds

Issuers asked to expedite listing of perpetual bonds

FE Report 2021-09-19 10:11:45

The securities regulator has asked issuers to accelerate listing process of perpetual bonds on bourses as part of the regulatory move to diversify the country's bond market. The Bangladesh Securiti...

Revenue growth during pandemic attributed to rise in source-tax

Revenue growth during pandemic attributed to rise in source-tax

DOULOT AKTER MALA 2021-09-19 08:43:29

Government's growing dependence on at-source-tax collection, including tax on service-holders' pay, is practically shifting tax burden onto common people because of absence of effective refund mechani...

Commerce minister seeks support to LDCs for 12 more years

Commerce minister seeks support to LDCs for 12 more years

FE REPORT 2021-09-18 10:18:24

Commerce minister Tipu Munshi has urged all parties to support a 12-year extension proposal by the LDC Group in the World Trade Organisation (WTO). The extension will help the LDCs get preferential t...

Marginal loss in DSEX, shows weekly review

Marginal loss in DSEX, shows weekly review

FE REPORT 2021-09-18 09:55:28

Dhaka bourse closed the week with a marginal loss in terms of both index and turnover value, as investors adopted a cautious stance following a standoff between the central bank and the securities reg...

Rediscovery of Bangladesh's economic priorities emphasised

Rediscovery of Bangladesh's economic priorities emphasised

FE REPORT 2021-09-18 08:38:37

Bangladesh can emulate Vietnam's development experiences by adapting their policies to its context in the changing paradigm, including increasing investment on innovation and technology, research and...

Harnessing man-made fibre potential vital for Bangladesh economy

Harnessing man-made fibre potential vital for Bangladesh economy

MIR MOSTAFIZUR RAHAMAN 2021-09-18 08:34:50

As Bangladesh struggles to keep its position as the second-largest apparel exporter of the world, the country is desperately in need of policy support to make a solid foothold on potential man-made fi...

OTC market of bourses: Existing issues to leave after one month

OTC market of bourses: Existing issues to leave after one month

FE REPORT 2021-09-17 11:30:08

All the existing companies will not be allowed to operate in the OTC (over-the-counter) markets of the country's two bourses after one month. Some of the companies will be shifted to the exchanges' S...

CSE gets approval for 23 TRECs

CSE gets approval for 23 TRECs

FE REPORT 2021-09-17 10:08:20

The securities regulator has approved 23 proposals of new TRECs (Trading Right Entitlement Certificate) to be issued by Chittagong Stock Exchange (CSE). To this effect, the Bangladesh Securities and...

Money for poor pours into wrong pockets, says WB

Money for poor pours into wrong pockets, says WB

FE REPORT 2021-09-17 09:45:33

Some 49-66 per cent of Bangladesh's social-safety-net-allowance-and food-support beneficiaries are not poor, says the World Bank, indicating porous delivery system for the state annuity. It is one of...

Facebook, Google, Amazon pay Tk 45.99m VAT in August

Facebook, Google, Amazon pay Tk 45.99m VAT in August

-- 2021-09-16 16:55:17

Popular social media Facebook, e-commerce giant Amazon, and American multinational technology company Google have deposited Tk 4,60,73,460 as VAT to the state coffer. These three giants paid the amou...

Reallocation of transfer to the poorest can bring down Bangladesh’s poverty to 12pc: WB report

Reallocation of transfer to the poorest can bring down Bangladesh’s poverty to 12pc: WB report

FE ONLINE DESK 2021-09-16 13:16:52

Social Protection Programmes remain central to Bangladesh’s sustainable development policy and are progressively benefitting the poorer households, says the World Bank. It adds that by improvin...

BSEC says it would go tough against rumour mongers

BSEC says it would go tough against rumour mongers

FE Report 2021-09-16 10:27:51

The securities regulator has strengthened its efforts to contain rumours which are spread through social media to influence market prices of listed securities. The Bangladesh Securities and Exchange...

Non-banking financial institutions can reschedule loan or lease only thrice: BB notification

Non-banking financial institutions can reschedule loan or lease only thrice: BB notification

SIDDIQUE ISLAM 2021-09-16 08:27:50

The central bank now tightens noose around loose-run lending operations by non-banking financial institutions (NBFIs) limiting their loan or lease rescheduling to only thrice. Officials of the Bangla...

Walton to offload more shares

Walton to offload more shares

-- 2021-09-15 21:28:30

Walton Hi-Tech Industries Limited will offload another 4.03 per cent of its shares for public sale over three years.Bangladesh Securities and Exchange Commission ordered Walton and two other compani...

Bangladesh’s per capita foreign debt now Tk 24,890

Bangladesh’s per capita foreign debt now Tk 24,890

-- 2021-09-15 14:43:08

Finance Minister AHM Mustafa Kamal on Wednesday said the per capita foreign debt of Bangladesh citizens is now Tk 24,890. The minister revealed this information in parliament while replying to a tabl...

Four companies bleed after BSEC's probe order

Four companies bleed after BSEC's probe order

FE Report 2021-09-15 09:56:49

Shares of four listed companies which recently saw abnormal price hike lost prices ranging between 4.68 per cent and 9.70 per cent on Tuesday. One of those companies became the worst loser a day afte...

Beximco completes acquisition of Sanofi stake

Beximco completes acquisition of Sanofi stake

FE REPORT 2021-09-15 08:42:57

Beximco has completed a share-purchase agreement with Sanofi Bangladesh to acquire its majority stake. As per the agreement, the company will purchase 54.60 per cent of shares of Sanofi. The agreeme...

BB governor deplores lax governance in financial sector

BB governor deplores lax governance in financial sector

FE REPORT 2021-09-15 08:21:32

Bangladesh Bank (BB) governor Fazle Kabir on Tuesday termed the state of governance in the financial sector lax and underscored its improvement for the sake of sound economic health of the country. H...

Standoff between central bank, stock market regulator gets a new twist

Standoff between central bank, stock market regulator gets a new twist

FE REPORT 2021-09-15 08:14:33

Only a day after the central bank opposed the use of undisbursed dividend of banks and non-banking financial institutions by the capital market Stabilisation Fund (CMSF) in stock trading, Finance Mi...

BB to launch Tk 30b agriculture loan refinance scheme

BB to launch Tk 30b agriculture loan refinance scheme

-- 2021-09-14 20:56:46

Bangladesh Bank (BB) has decided to set up a Tk 30 billion refinance scheme for the agriculture sector to deal with the financial crisis caused by Covid-19 pandemic. "The Tk 30 billion fund, named "A...

Bangladesh seeks DFQF in GCC market

Bangladesh seeks DFQF in GCC market

FE ONLINE REPORT 2021-09-14 18:39:08

Bangladesh requested Oman to pursue the Gulf Cooperation Council (GCC) for DFQF market access for Bangladeshi products, foreign ministry said on Tuesday. The GCC is a coalition of six gulf countries...

Share prices of three large cap companies drop

Share prices of three large cap companies drop

FE REPORT 2021-09-14 09:17:53

Share prices of three large-cap companies on Monday declined significantly a day after the securities regulator asked them to increase free float shares up to 10 per cent of their paid-up capitals....

Dhaka urges London to amend 'goods graduation' provision

Dhaka urges London to amend 'goods graduation' provision

REZAUL KARIM 2021-09-14 08:48:27

Facing LDC graduation drawbacks for the current crisis, Bangladesh urges the UK to simplify its Generalised System of Preferences (GSP) system through amending its 'goods graduation' provision. The g...

Extended warehouse facility for exporters

Extended warehouse facility for exporters

DOULOT AKTER MALA 2021-09-14 08:36:41

The National Board of Revenue (NBR) has amended the relevant rules granting the exporters an extended time to avail bonded warehouse facility, as imported raw materials get stuck following external ma...