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The Financial Express

Search results for: bangladesh

Bangladesh's trade deficit may exceed $26b

Bangladesh's trade deficit may exceed $26b

SIDDIQUE ISLAM 2021-08-02 08:42:34

Bangladesh's overall trade deficit may cross US$26 billion by this fiscal yearend as trading sector faces unprecedented headwind while a healthy balance-of-payments position continues for lesser impor...

Eight companies see decline in stakes held by foreigners

Eight companies see decline in stakes held by foreigners

Mohammad Mufazzal 2021-08-01 09:05:21

Some eight listed companies having good fundamentals saw a decline in stakes held by foreigners in the last six to twelve months. The amount of shares held by foreigners declined ranging between 0....

System of electronic tax deducted at source to be introduced soon

System of electronic tax deducted at source to be introduced soon

DOULOT AKTER MALA 2021-08-01 08:42:59

The taxpayers would soon be able to adjust or claim a tax credit or seek a refund of their paid advance income tax (AIT) under the electronic tax deducted at source (e-TDS) system. The tax authorit...

Call for rationalising duty, VAT on dredging equipment

Call for rationalising duty, VAT on dredging equipment

FE REPORT 2021-08-01 08:32:39

Experts at a programme on Saturday called for rigorous river training and river dredging to revive the country's waterways for transportation of goods and passengers at the cheapest rate. Besides, th...

BUILD urges central bank to support services sector

BUILD urges central bank to support services sector

FE REPORT 2021-08-01 08:27:27

The central bank has been urged to extend policy support to the services sector under its monetary policy, which was announced on Thursday last, as a strategy to prevent fund diversion to unproducti...

Vietnam crosses Bangladesh, turns second largest RMG exporter globally

Vietnam crosses Bangladesh, turns second largest RMG exporter globally

FE ONLINE REPORT 2021-07-31 13:32:39

By maintaining a persistent growth in most of the years in last decade, Vietnam crossed Bangladesh to become the second largest clothing exporter globally in 2020. World Trade Statistical Review 2021...

Execution of foreign-funded projects being hampered

Execution of foreign-funded projects being hampered

FHM HUMAYAN KABIR 2021-07-31 09:48:02

The execution of development projects, especially those funded by donors and mega ones, is hit hard by the Covid-19 pandemic. The disruption caused to the supply of essential materials and technical...

Lockdown dealing a severe blow to low-income people

Lockdown dealing a severe blow to low-income people

JUBAIR HASAN 2021-07-31 08:42:41

The ongoing strict lockdown imposed to stem the spread of coronavirus is dealing a severe blow to the low-income people, especially those in the informal sector. In fact, the restrictions on movement...

All export-oriented industries in Bangladesh will resume operations on Aug 01

All export-oriented industries in Bangladesh will resume operations on Aug 01

-- 2021-07-30 18:45:10

The Bangladesh government has allowed export-oriented factories to resume production on Aug 1 amid the ongoing coronavirus lockdown.   The Cabinet Division announced the decision on Friday...

World Bank lauds Bangladesh's growth, despite downturn

World Bank lauds Bangladesh's growth, despite downturn

-- 2021-07-30 09:52:15

The World Bank has acknowledged Bangladesh’s remarkable economic development and growth, and reassured the global lender's continued support for this country's prosperity. Private Industry and...

Finance minister Kamal unaware of fund diversion to bourses

Finance minister Kamal unaware of fund diversion to bourses

FE REPORT 2021-07-30 08:31:05

Finance minister AHM Mustafa Kamal on Thursday said he did not know whether the money of the pandemic-linked stimulus packages was channelled to the stock market, creating bubble in bourses. Mr Kamal...

Monetary policy targets hardly attainable: Experts

Monetary policy targets hardly attainable: Experts

JASIM UDDIN HAROON 2021-07-30 08:23:37

The monetary policy targets, set for the current fiscal year (FY), 2021-22, are hardly achievable during the time of Covid-19 pandemic, according to economists and businesses. The Bangladesh Bank (...

Bangladesh goes ahead with expansionary monetary policy

Bangladesh goes ahead with expansionary monetary policy

SIDDIQUE ISLAM 2021-07-30 08:19:09

The central bank has announced to continue with its ongoing expansionary monetary policy amid a cautious stance for the current fiscal year (FY) to help boost recovery of the pandemic-hit economy. Th...

SBAC Bank’s investors get minimum 60 IPO shares

SBAC Bank’s investors get minimum 60 IPO shares

FE Online Report 2021-07-29 19:21:50

A general investor will get a minimum of 60 initial public offerings (IPOs) shares of South Bangla Agriculture & Commerce Bank (SBAC) against the application of Tk 10,000. The Dhaka Stock Exchang...

DSEX records new high as investors stay afloat

DSEX records new high as investors stay afloat

FE ONLINE REPORT 2021-07-29 18:04:47

Stocks posted a marginal gain on Thursday, with the key index of the Dhaka Stock Exchange (DSEX), hitting a new high since its inception more than eight year back. DSEX, the prime index of the Dhaka...

Central bank raises farm credit target to Tk 283.91b

Central bank raises farm credit target to Tk 283.91b

-- 2021-07-29 15:45:18

Bangladesh Bank has fixed its agriculture credit target at Tk 283.91 billion for the 2021-22 fiscal year to combat the adverse effects of the pandemic. The target is 7.98 per cent higher than the Tk...

Stocks down in early trading on profit-booking

Stocks down in early trading on profit-booking

FE ONLINE REPORT 2021-07-29 11:02:43

Stocks witnessed a downward trend in early trading on Thursday as cautious investors are booking profit on sector-wise issues following reduced trading days news next week. Trading on the bourses wil...

Premier Bank to issue Tk 4.0b perpetual bond

Premier Bank to issue Tk 4.0b perpetual bond

FE ONLINE REPORT 2021-07-29 10:29:58

The board of directors of Premier Bank has decided to raise Tk 4.0 billion through the issuance of unsecured contingent-conversion floating rate perpetual bonds to boost the capital base of the bank....

National Life Insurance declares 32pc cash dividend

National Life Insurance declares 32pc cash dividend

FE ONLINE REPORT 2021-07-29 10:01:26

The board of directors of National Life Insurance Company has recommended a 32 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during th...

Most listed banks see whopping growth in earnings per share

Most listed banks see whopping growth in earnings per share

FE REPORT 2021-07-29 09:13:35

Standard Bank has returned to profit in the second quarter (Q2) that ended on June 30, 2021, against the same quarter last year while Dutch-Bangla Bank's earnings dropped slightly in April-June, 202...

Bangladesh, Vietnam benefit most from RMG, footwear shift from China

Bangladesh, Vietnam benefit most from RMG, footwear shift from China

MONIRA MUNNI 2021-07-29 08:42:09

Bangladesh and Vietnam have benefited most due to the shifting of apparel and footwear exports from China, according to the latest analysis. It also found that in 2019, both the countries' combined s...

Centra bank to announce monetary policy with faster recovery target

Centra bank to announce monetary policy with faster recovery target

SIDDIQUE ISLAM 2021-07-29 08:25:34

The central bank is set to unveil today its monetary policy for the current fiscal year (FY) with an eye to accelerating recovery of the pandemic-hit economy, officials said. The Bangladesh Bank (BB)...

200,000 returnee expats to get Tk 13,500 each

200,000 returnee expats to get Tk 13,500 each

-- 2021-07-28 16:50:34

The government will provide Tk 13,500 to each of some 200,000 expatriate workers, who have returned home facing the negative impact of the COVID-19 pandemic. They will get the financial support under...

DSEX exceeds 6,400-mark

DSEX exceeds 6,400-mark

FE ONLINE REPORT 2021-07-28 16:33:58

Stocks bounced back in a gaining streak on Wednesday, after two-day marginal correction, as investors showed their buying interest on sector-specific issues based on the latest corporate declarations....

Stocks open higher after two-day correction

Stocks open higher after two-day correction

FE ONLINE REPORT 2021-07-28 11:10:49

Stocks witnessed an upward trend on Wednesday, after a two-day marginal correction, as bargain hunters were active on the major sector issues. The market opened on a positive note and the benchmark...

Mandatory listing of MNCs on Bangladesh's stock exchange suggested

Mandatory listing of MNCs on Bangladesh's stock exchange suggested

FE REPORT 2021-07-28 08:45:04

Experts at a seminar on Tuesday suggested introducing a provision for a mandatory listing of multinational companies (MNCs) on the stock exchange so as to increase the depth of the capital market. Th...

Cryptocurrency trading neither legal nor crime: BB

Cryptocurrency trading neither legal nor crime: BB

FE REPORT 2021-07-28 08:02:49

Bangladesh Bank is yet to recognize cryptocurrency as a legal currency, but has made it clear that the ownership or transaction of the digital currency is not a crime. The Foreign Exchange Policy D...

South Bangla Bank’s IPO subscription hits 14 times high

South Bangla Bank’s IPO subscription hits 14 times high

FE ONLINE REPORT 2021-07-27 22:09:49

The initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) hit 14 times high and the bank will be allocated IPO shares Thursday, officials said. The private...

Lockdown spells concern for apparel industry amid 'peak season'

Lockdown spells concern for apparel industry amid 'peak season'

-- 2021-07-27 12:28:39

The impact of the coronavirus pandemic has been keenly felt by nearly all industries, none more so than Bangladesh's key forex-fetching readymade garment sector as orders from big fashion houses dried...

Aid inflow crosses $7b-mark for 2nd year

Aid inflow crosses $7b-mark for 2nd year

FHM Humayan Kabir 2021-07-27 12:01:19

Bangladesh received US$7.11 billion worth of foreign aid in the last fiscal year (FY) of 2020-21 despite hurdles in execution of the foreign-funded projects amid the Covid-19 pandemic. The foreign...