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Search results for: bangladesh

National Bank declares 5.0pc stock dividend for 2020

National Bank declares 5.0pc stock dividend for 2020

FE ONLINE REPORT 2021-07-05 10:11:06

The board of directors of National Bank Ltd has recommended a 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual gener...

Fund raising through IPOs hits a decade high

Fund raising through IPOs hits a decade high

BABUL BARMAN 2021-07-05 09:24:20

Private companies have offloaded primary shares worth Tk 16.12 billion in the just concluded fiscal year, the highest amount in more than a decade, amid virus-induced sluggish economic activities....

First-time importers may not use green, blue channels

First-time importers may not use green, blue channels

FE REPORT 2021-07-05 09:10:27

First time importers may not be able to enjoy goods clearance facility through green and blue channels of the customs stations or land-ports with a view to countering tax evasion. Such importers oft...

Bangladesh's tax revenue posts 17pc growth

Bangladesh's tax revenue posts 17pc growth

DOULOT AKTER MALA 2021-07-05 08:42:59

Despite economic slowdown due to the Covid-19 pandemic, revenue collection posted a 17 per cent growth in the just-concluded fiscal year (FY) over that of the previous FY thanks to the contribution of...

Stock markets resume Monday

Stock markets resume Monday

FE ONLINE REPORT 2021-07-04 11:35:53

The country’s stock markets will resume tomorrow (Monday) after a four-day break, including weekly and bank holidays, officials said. Trading and settlement activities will remain open for thre...

Bangladesh's apparel exports to US claw back

Bangladesh's apparel exports to US claw back

FE REPORT 2021-07-04 08:47:41

Country's apparel exports to the United States bounced back during the first five months of this calendar year, registering a double-digit growth both in terms of value and volume compared to the same...

Purabi Insurance to disburse 10pc dividend for 2020

Purabi Insurance to disburse 10pc dividend for 2020

FE REPORT 2021-07-03 09:06:34

The board of directors of Purabi General Insurance Company has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The dividend was recommended at...

More than 40pc of VAT Online Project funds unspent

More than 40pc of VAT Online Project funds unspent

DOULOT AKTER MALA 2021-07-03 08:44:17

Nearly 43 per cent or Tk 3.0-billion funds of the much-talked-about VAT Online Project (VOP) remained unspent even after the end of its tenure this June 30. Officials said the project underspent the...

Apparel export orders shifting from India, Myanmar to Bangladesh

Apparel export orders shifting from India, Myanmar to Bangladesh

FHM HUMAYAN KABIR 2021-07-03 08:22:37

The military coup in Myanmar and a grave Covid-19 situation in India have proved to be a boon to Bangladesh's apparel industry. Some export orders from these countries are now shifting to Bangladesh,...

South Bangla Bank's IPO subscription begins Monday

South Bangla Bank's IPO subscription begins Monday

FE REPORT 2021-07-02 09:14:27

The initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) will begin on Monday, aiming to raise Tk 1.0 billion under the fixed price method. The private...

New Development Bank asked to expedite Bangladesh's membership

New Development Bank asked to expedite Bangladesh's membership

FE Report 2021-07-02 09:00:59

Bangladesh has called on the New Development Bank (NDB) to expedite awarding its membership of the Shanghai-based multilateral lending institution, officials said. Finance Minister AHM Mustafa Kama...

BSEC issues rules to govern Tk 210b fund for stick market stabilization

BSEC issues rules to govern Tk 210b fund for stick market stabilization

Mohammad Mufazzal 2021-07-02 08:48:56

The securities regulator has finally issued a set of rules, paving the way for creating a special fund to help revitalise the capital market. The much-awaited rules on the formation of the market sta...

Scope to legalise undisclosed money gives a fillip to stock market

Scope to legalise undisclosed money gives a fillip to stock market

FE REPORT 2021-07-01 09:14:27

Dhaka bourse on Wednesday saw a sharp rise in the broad index following investors' increased participation a day before enforcing the country-wide strict lockdown. On the day, all sectors of the li...

Bangladesh equity market inaccessible to foreign investors: Report

Bangladesh equity market inaccessible to foreign investors: Report

ADNAN HOSSAIN BHUIYAN 2021-07-01 08:50:41

The country's public equity market still remained inaccessible to most foreign investors despite having compounded GDP (gross domestic product) for 40 consecutive years, according to the latest repo...

Corporate tax receipts exceed target

Corporate tax receipts exceed target

DOULOT AKTER MALA 2021-07-01 08:43:49

The tax authority has surpassed its target for tax collection from large taxpayers in the just-concluded fiscal year (FY), thanks to the money whitening scheme and withholding tax collection. Accor...

Parliament passes Tk 6.04 trillion budget for FY22

Parliament passes Tk 6.04 trillion budget for FY22

-- 2021-06-30 18:03:44

The parliament has passed a Tk 6.04 trillion budget for the 2021-22 fiscal year starting on July 1. The budget passed by voice vote during a parliamentary session chaired by Speaker Shirin Sharmin Ch...

Nazneen Ahmed joins UNDP as Country Economist

Nazneen Ahmed joins UNDP as Country Economist

-- 2021-06-30 17:19:37

Dr. Nazneen Ahmed has joined the United Nations Development Programme (UNDP), Dhaka Office as the Country Economist. She will provide policy and strategic advice on various activities of UNDP Banglad...

'Z' category companies soar abnormally

'Z' category companies soar abnormally

FE REPORT 2021-06-30 09:04:07

Some 'Z' category companies recently saw unusual rise in share prices despite there is no undisclosed price sensitive information behind such price hikes. On Tuesday, the share prices of those compan...

Banks, financial institutions sandwiched between conflicting regulatory issues

Banks, financial institutions sandwiched between conflicting regulatory issues

Mohammad Mufazzal 2021-06-30 08:49:09

The central bank has requested the securities regulator to amend or fine-tune its directives issued under the corporate governance code (CGC) for the listed banks and financial institutions (FIs). Fo...

Higher bank borrowing likely in July

Higher bank borrowing likely in July

Siddique Islam 2021-06-30 08:41:08

The government is set to start fiscal year (FY) 2021-22 with a higher bank borrowing target for July to adjust expenditure in June and partly finance budget deficit. It may take up to Tk 206.50 billi...

Workers lost one-third of income in one year: Study

Workers lost one-third of income in one year: Study

FE REPORT 2021-06-30 08:36:48

Low-income people especially returnee migrant workers and urban informal workers have lost at least one-third of their income in one year compared to the pre-pandemic period, according to a study unve...

Black money whitening scope remains, though on harder terms

Black money whitening scope remains, though on harder terms

DOULOT AKTER MALA 2021-06-30 08:24:34

Parliament on Tuesday passed the Finance Bill-2021, amending a few of its original provisions. The lawmakers vetted continuation of the controversial opportunity to legalise undeclared income during...

BEZA appoints PwC to prepare ICT roadmap for Mujib Shilpanagar

BEZA appoints PwC to prepare ICT roadmap for Mujib Shilpanagar

FE ONLINE REPORT 2021-06-29 19:09:19

Bangladesh Economic Zone Authority (BEZA) inked a contract agreement with UK-based PricewaterhouseCoopers (PwC) for making ICT roadmap and experience centre design for Bangabandhu Sheikh Mujib Shilpan...

Pandemic widens gender gap in Bangladesh

Pandemic widens gender gap in Bangladesh

ADNAN HOSSAIN BHUIYAN 2021-06-29 11:04:21

The gap between men and women in Bangladesh has widened, more in accessing economic opportunities, during the pandemic, various indicators and development literatures show. Despite being one of the t...

World Bank to provide $300m loan for livelihood project

World Bank to provide $300m loan for livelihood project

FE REPORT 2021-06-29 09:48:58

The World Bank (WB) will provide US$ 300 million to Bangladesh as a credit to implement the Resilience, Entrepreneurship and Livelihood Improvement (RELI) Project. The signing ceremony of the financi...

Popular, Pioneer declare dividends for 2020

Popular, Pioneer declare dividends for 2020

FE REPORT 2021-06-28 11:13:24

Two more insurers - Popular Life Insurance Company and Pioneer Insurance Company - have recommended dividends for their shareholders for the year ended on December 31, 2020. Popular Life Insurance: T...

Whitening black money: Yet another chance in the offing

Whitening black money: Yet another chance in the offing

DOULOT AKTER MALA 2021-06-28 09:23:10

The government would offer the undisclosed money holders yet another opportunity to legalise their income in the next fiscal year (FY2021-22), but with harder terms than that of the existing ones. Th...

Social safety net allocation may go up during passage of budget

Social safety net allocation may go up during passage of budget

SYFUL ISLAM 2021-06-28 08:35:35

Responding to calls from economists and experts, the government may increase further the allocation for the social safety net programme (SSNP) in the budget for the fiscal year 2021-22 which is slated...

Covid-19 2nd wave to cut Bangladesh's economic recovery, says central bank

Covid-19 2nd wave to cut Bangladesh's economic recovery, says central bank

FE REPORT 2021-06-28 08:17:33

The central bank has expressed its deep worries over the impact of the ongoing second wave of the Covid-19 on the country's economy. It said the extension of the lockdown period is likely to slow dow...

DSEX drops 100 points over lockdown fears

DSEX drops 100 points over lockdown fears

FE ONLINE REPORT 2021-06-27 16:56:50

The key index of the Dhaka Stock Exchange (DSE) dropped more than 100 points on Sunday. The DSEX dropped as worried investors dumped their holdings ahead of the strict lockdown due to the increasing...