Loading...

Search results for: bangladesh

Stocks extend rally for third straight days

Stocks extend rally for third straight days

FE Online Report 2021-06-10 15:51:06

Stocks extended their rally for the third straight sessions on Thursday as enthusiastic investors continued to put fresh bets on sector-specific issues. Following the previous day’s record tu...

DSEX exceeds 6,100-mark at opening

DSEX exceeds 6,100-mark at opening

FE ONLINE REPORT 2021-06-10 11:08:53

The stock market opened sharply higher on Thursday with the key index of the major bourse crossing the 6,100-mark thanks to increased investor participation. The market jumped at the opening and the...

Dhaka bourse launches new IPO share allotment system

Dhaka bourse launches new IPO share allotment system

FE Report 2021-06-10 11:02:52

Dhaka bourse has introduced the electronic subscription system to allot IPO (initial public offering) shares on pro-rata basis instead of lottery. Previously, the IPO shares were allotted among the...

Dhaka Insurance declares 20pc cash dividend for 2020

Dhaka Insurance declares 20pc cash dividend for 2020

FE ONLINE REPORT 2021-06-10 10:48:22

The board of directors of Dhaka Insurance has recommended a 20 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual general m...

'6.0m people slide below poverty line in Bangladesh each year'

'6.0m people slide below poverty line in Bangladesh each year'

FE REPORT 2021-06-10 10:01:27

Around 6.0 million people slide down below the poverty line in the country every year due to higher personal costs for availing healthcare services amid poor budgetary allocation for health, according...

Stock probe body seeks help from intelligence agencies, BTRC

Stock probe body seeks help from intelligence agencies, BTRC

FE REPORT 2021-06-10 09:42:43

The committee formed to probe rumours about stock price prediction and price sensitive information has sought cooperation from intelligence agencies and the telecoms regulator in identifying the perso...

FTA with China crucial for absorbing post-graduation shock, experts say

FTA with China crucial for absorbing post-graduation shock, experts say

FE Online Report 2021-06-09 17:14:43

Free Trade Agreement (FTA) with China is crucial for Bangladesh not only to reduce the mammoth trade gap between the two countries but also to absorb the shock that Bangladesh is experiencing after gr...

DSE daily turnover scales Tk 27b-mark

DSE daily turnover scales Tk 27b-mark

FE ONLINE REPORT 2021-06-09 15:44:06

The daily trade turnover on Dhaka Stock Exchange (DSE) climbed to a fresh 10 and a half years high on Wednesday since the country’s stock market had developed bubbles that soon burst. Turnove...

New budget has no weakness, Kamal says

New budget has no weakness, Kamal says

FE Online Report 2021-06-09 15:31:08

Finance Minister AHM Mustafa Kamal said Wednesday that the proposed budget for the fiscal year 2021-22 has no weak side. “The budget has no weakness,” he said after a virtual meeting of t...

World Bank predicts 5.1pc Bangladesh GDP growth in FY22

World Bank predicts 5.1pc Bangladesh GDP growth in FY22

-- 2021-06-09 11:48:06

The World Bank expects Bangladesh to recover gradually from the pandemic crisis, with 5.1 per cent growth in the fiscal year 2021-22 on the back of 3.6 per cent in the outgoing financial year ending J...

Stocks open sharply higher with rising turnover

Stocks open sharply higher with rising turnover

FE ONLINE REPORT 2021-06-09 11:01:54

The stock market opened sharply higher on Wednesday with rising turnover as bargain hunters putting fresh bets on major sector issues, particularly financials. After crossing the 6000-mark in the pre...

Federal Insurance to pay 10pc dividend for 2020

Federal Insurance to pay 10pc dividend for 2020

FE ONLINE REPORT 2021-06-09 10:47:08

The board of directors of Federal 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 final approval of the dividend will...

Steel manufacturers for slashing CD, AIT on scrap import

Steel manufacturers for slashing CD, AIT on scrap import

FE REPORT 2021-06-09 10:44:10

Steel manufacturers in the country on Tuesday urged the government to slash both customs duty (CD) and advance income tax (AIT) on the import of scrap - the key raw material for manufacturing steel -...

UCB declares 10pc dividend for 2020

UCB declares 10pc dividend for 2020

FE ONLINE REPORT 2021-06-09 10:18:12

The board of directors of United Commercial Bank (UCB) has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend wi...

Bangladesh Bank sets Sukuk allotment quota

Bangladesh Bank sets Sukuk allotment quota

SIDDIQUE ISLAM 2021-06-09 09:58:55

The central bank has set a Sukuk allotment quota, giving priority to the Shariah-based Islamic banks, non-banking financial institutions (NBFIs) and insurance companies, for the second auction of the...

Inflation declines to 5.26pc in May

Inflation declines to 5.26pc in May

-- 2021-06-08 18:55:24

The inflation rate declined by 0.30 per cent in May as it came down to 5.26 per cent from 5.56 per cent in April.  “The general point-to-point inflation rate in May fell to 5.26 percentage...

Nialco makes debut on CSE SME Platform Thursday

Nialco makes debut on CSE SME Platform Thursday

FE ONLINE REPORT 2021-06-08 16:25:29

The trading of the shares of Nialco Alloys will commence at the CSE SME Platform from Thursday under settlement category “N”. Nialco Alloys is the country’s first-ever small and med...

CMA professionals can help check evasion of tax, VAT

CMA professionals can help check evasion of tax, VAT

FE REPORT 2021-06-08 11:39:50

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) on Sunday urged the government to engage CMA professionals in tax and VAT audit to prevent potential evasion. The platform also...

Fortune Shoe's share price rising sans PSI

Fortune Shoe's share price rising sans PSI

FE REPORT 2021-06-08 11:37:41

Fortune Shoes is witnessing an unprecedented price hike and increase in volume of shares despite no undisclosed price sensitive information (PSI). Within the four trading days, the shoe maker's share...

Anomalous projections lead to data anarchy

Anomalous projections lead to data anarchy

-- 2021-06-08 11:32:49

Noted economist Dr Debapriya Bhattacharya has expressed apprehension if the national statistical agency is losing its data leadership role to finance ministry. Pointing out multiple deficits and di...

Bourses open sharply lower

Bourses open sharply lower

FE ONLINE REPORT 2021-06-08 11:26:35

The stock market opened sharply lower on Tuesday as risk-averse investors opted for booking profit on quick-gaining stocks. After falling below the ‘psychological’ threshold of 6000-mark...

Ambee Pharma declares 15pc cash dividend

Ambee Pharma declares 15pc cash dividend

FE ONLINE REPORT  2021-06-08 11:19:31

The board of directors of Ambee Pharmaceuticals has recommended a 15 per cent cash dividend for the year ended on June 30, 2020. The final approval of the dividend will come during the annual general...

'Hard to fix progressive corporate tax rates in budget'

'Hard to fix progressive corporate tax rates in budget'

FE REPORT 2021-06-08 10:33:38

Tax officials have found it difficult to fix the progressive rates of corporate taxes in the national budget considering uncertainty of the economic situation. Both the members of income tax and va...

DSE key index dips below 6,000-mark

DSE key index dips below 6,000-mark

FE ONLINE REPORT 2021-06-07 15:52:31

Stocks tumbled on Monday with the benchmark index of the Dhaka Stock Exchange (DSE) dipped below the 6,000-mark after three days as risk-averse investors went on a selling binge on major sector issues...

JS passes Tk 139.87b supplementary budget

JS passes Tk 139.87b supplementary budget

-- 2021-06-07 15:43:26

Parliament has passed the supplementary budget of Tk Tk 139.87 billion for the fiscal 2020-21 to meet the increased expenditures under 19 different ministries and divisions. Finance Minister AHM Must...

Alongside Covid support, ADB to prioritise climate change in Bangladesh

Alongside Covid support, ADB to prioritise climate change in Bangladesh

-- 2021-06-07 11:32:30

The Asian Development Bank (ADB) must now prioritise climate change, while continuing to support economic recovery and the COVID-19 vaccination programme in Bangladesh, says a report released by ADB&r...

Stocks open marginally higher on proposed tax cut hopes

Stocks open marginally higher on proposed tax cut hopes

FE ONLINE REPORT 2021-06-07 11:08:10

The market opened marginally higher on Monday, after a mild correction in the previous day, as optimistic investors remained action on insurance sector stocks. After a record high turnover in the pre...

Planning Minister Mannan admits limitation in budget execution

Planning Minister Mannan admits limitation in budget execution

FE REPORT 2021-06-07 10:02:19

Planning Minister M A Mannan on Sunday admitted the existing budget implementation limitation, saying the government is pursuing necessary reforms to overcome the situation. "There remain historica...

DSE daily turnover hits 10.5-year  high

DSE daily turnover hits 10.5-year high

FE REPORT 2021-06-07 08:30:02

The daily trade turnover on Dhaka Stock Exchange (DSE) climbed to 10 and a half years high on Sunday since the country's stock market developed bubbles that soon burst. Turnover, a crucial indicato...

Tax liability for some businesses to go up

Tax liability for some businesses to go up

DOULOT AKTER MALA 2021-06-07 08:18:02

The tax liability of most businesses would go up, especially in the case of import-dependent companies and suppliers, due to the certain fiscal measures proposed in the new budget. The budget for the...