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The Financial Express

Search results for: bangladesh

NID services to be provided from Home Ministry

NID services to be provided from Home Ministry

-- 2021-06-02 16:41:12

All the activities relating to National Identity (NID) cards will be provided from the Home Ministry within the next two months. Liberation War Affairs Minister AK Mozammel Haque came up with the ann...

Bata Shoe incurs Tk 96.94 loss per share in 2020

Bata Shoe incurs Tk 96.94 loss per share in 2020

FE ONLINE REPORT 2021-06-02 12:34:09

Bata Shoe Company (Bangladesh), for the first time in its business history, has incurred a huge loss in the year ended on December 31, 2020, as sales collapsed due to the coronavirus pandemic. T...

Stocks volatile in early trading ahead of budget

Stocks volatile in early trading ahead of budget

FE ONLINE REPORT 2021-06-02 11:42:01

Stocks witnessed choppy trading in early hours on Wednesday as investors mostly followed cautious stance ahead of the national budget. Finance Minister AHM Mustafa Kamal is set to unveil the national...

Two more insurers declare dividend for 2020

Two more insurers declare dividend for 2020

FE ONLINE REPORT 2021-06-02 11:03:23

Two more general insurers – Asia Insurance and Global Insurance Company – have declared dividends for the year ended on December 31, 2020. Asia Insurance: The board of directors of&n...

Initiative taken to devise strategy to cushion shocks to export

Initiative taken to devise strategy to cushion shocks to export

REZAUL KARIM 2021-06-02 10:26:12

The government has taken an initiative to devise a strategy to cushion possible external shocks to the country's export trade, officials said. While working out the strategy, they said, the governmen...

MBL vows to grab top position

MBL vows to grab top position

SIDDIQUE ISLAM 2021-06-02 10:12:19

Mercantile Bank Limited (MBL) has taken a series of measures to become one of the country's top five financial institutions in the near future in terms of market share, its top executive has said. As...

Give priority to people's welfare in budget: BEA

Give priority to people's welfare in budget: BEA

FE REPORT 2021-06-02 09:49:36

Bangladesh Economic Association (BEA) on Tuesday placed an alternative national budget of Tk 17.39 trillion, which is 68.4 per cent of the country's GDP, for the fiscal year (FY) 2021-22. The platfor...

Inward remittances soar 39pc in first 11 months

Inward remittances soar 39pc in first 11 months

SIDDIQUE ISLAM 2021-06-02 09:23:32

The inflow of remittances reached nearly US$ 23 billion in the first 11 months of the current fiscal year (FY), registering an increase of more than 39 per cent despite the Covid-19 pandemic, official...

Regulator set to impose curb on bonus share issuance

Regulator set to impose curb on bonus share issuance

MOHAMMAD MUFAZZAL 2021-06-02 09:03:40

Five types of listed companies, including the 'Z' category ones, are set to be barred from issuing bonus shares without justified reason of business expansion and the regulatory permission as well. T...

FM, his Australian counterpart discuss progress on TIFA

FM, his Australian counterpart discuss progress on TIFA

-- 2021-06-01 21:57:09

Bangladesh and Australia are in discussion to sign a Trade and Investment Framework Agreement (TIFA) as the two countries want to take the relations to a new height shifting from development assistanc...

Stocks end nearly flat ahead of budget

Stocks end nearly flat ahead of budget

FE ONLINE REPORT 2021-06-01 16:46:19

Stocks ended almost flat on Tuesday after volatile trading as investors mostly followed a cautious stance ahead of the national budget. Finance Minister AHM Mustafa Kamal is set to unveil the nationa...

Northern Islami Insurance declares 10pc cash dividend

Northern Islami Insurance declares 10pc cash dividend

FE ONLINE REPORT 2021-06-01 11:38:45

The board of directors of Northern Islami Insurance has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual...

Pragati Insurance recommends record 30pc cash dividend for 2020

Pragati Insurance recommends record 30pc cash dividend for 2020

FE ONLINE REPORT 2021-06-01 11:23:24

The board of directors of Pragati Insurance has recommended a record high 30 per cent cash dividend for the year ended on December 31, 2020. It is Pragati Insurer's highest cash dividend recommendati...

DSEX crosses 6,000-mark at opening

DSEX crosses 6,000-mark at opening

FE ONLINE REPORT 2021-06-01 10:44:58

Stocks opened sharply higher on Tuesday, after a single-day break, with the key index of the major bourse crossing the 6,000-mark again amid buying spree. Within the first 30 minutes of trading, DSEX...

Sukuk investors may be offered fiscal benefits

Sukuk investors may be offered fiscal benefits

FE REPORT 2021-06-01 09:46:40

The government is likely to offer fiscal benefits in order to attract investment in Sukuk, a bond-like instrument used in Islamic finance. The existing gain tax at a rate of 4.0 per cent might be wai...

Bangladesh set to miss revenue target, thanks to pandemic impact

Bangladesh set to miss revenue target, thanks to pandemic impact

DOULOT AKTER MALA 2021-06-01 08:47:50

The revenue board is almost certain that the revenue receipt during the outgoing fiscal year (FY) will fall far short of the revised target because of the pandemic effect. The National Board of Reven...

Institutional weakness blunts Covid response: CPD

Institutional weakness blunts Covid response: CPD

FE REPORT 2021-06-01 08:41:26

The government's efforts to mitigate public sufferings and overcome the adverse impacts of coronavirus on the economy have been marred by institutional weaknesses and inability to implement its reform...

‘Budget must focus more on protecting jobs, less on GDP growth’

‘Budget must focus more on protecting jobs, less on GDP growth’

-- 2021-05-31 20:06:00

The national budget for fiscal year 2021-22 (FY22) should focus more on equity, redistributive justice, protecting jobs and saving lives, and less on economic growth, according to the Centre for Polic...

DSEX slips below 6,000-mark after single-day

DSEX slips below 6,000-mark after single-day

FE ONLINE REPORT 2021-05-31 17:49:54

The core index of the Dhaka Stock (DSE) fell below the 6,000-mark on Monday, after staying above a single day, as risk-averse investors opted for booking profit on quick-gaining stocks. DSEX, the pri...

Focus on equity & redistribution in budget, argues CPD

Focus on equity & redistribution in budget, argues CPD

FE ONLINE REPORT 2021-05-31 13:46:48

The national budget for the fiscal year 2021-22 (FY22) needs to focus more on equity and redistributive justice as well as protecting jobs and saving lives, argues a leading think-tank of the country...

Confidence Cement’s Q3 profit jumps 247pc

Confidence Cement’s Q3 profit jumps 247pc

FE ONLINE REPORT 2021-05-31 12:12:27

Confidence Cement has posted an impressive 247 per cent growth in its third-quarter (Q3) profits for January-March, 2021 due to increased sales volume and income from sale of a subsidiary company. In...

Stocks open flat amid volatile trading

Stocks open flat amid volatile trading

FE ONLINE REPORT 2021-05-31 10:49:43

The market witnessed volatility at the opening on Monday after hitting the core index of the major bourse 40 months high in the previous day. The investors mostly followed cautious approaches and som...

Union Capital declares ‘no’ dividend for 2020

Union Capital declares ‘no’ dividend for 2020

FE ONLINE REPORT 2021-05-31 10:28:50

The board of directors of Union Capital has recommended no dividend for the year ended on December 31, 2020, as the company continued to incur loss. The non-bank financial institution has incurred a...

BSEC approves Tk 5.0b mudaraba bond by EXIM Bank

BSEC approves Tk 5.0b mudaraba bond by EXIM Bank

FE REPORT 2021-05-31 09:15:37

The securities regulator has approved the proposal of issuing mudaraba subordinated bond worth Tk 5.0 billion by the EXIM Bank. The approval came Sunday at a meeting held at the office of the Banglad...

Bangladesh to earmark Tk 100b in budget to pay interest subsidy

Bangladesh to earmark Tk 100b in budget to pay interest subsidy

FE REPORT 2021-05-31 08:53:45

The government will set aside some Tk 100 billion in the budget for next fiscal year (FY), 2021-22, to provide subsidy against interest of the 23 Covid-linked incentive packages, officials said. Such...

PRAN Agro issues Tk 2.1b international bond

PRAN Agro issues Tk 2.1b international bond

FE REPORT 2021-05-31 08:45:15

PRAN Agro Limited (PAL), one of the country's leading agro processors, has issued a non-convertible international bond worth Tk 2.1 billion which is first of its kind in Bangladesh. The company has s...

Bourses attract a paltry amount of black money, facility may not continue

Bourses attract a paltry amount of black money, facility may not continue

DOULOT AKTER MALA 2021-05-31 08:25:31

Belying the policymakers expectations, only a meagre amount of 'undisclosed' funds, legalised under a controversial tax exemption facility, flowed into the country's bourses until May 25 of the curren...

Sanem conference focusses  policy reforms to boost private sector investment

Sanem conference focusses  policy reforms to boost private sector investment

UNB 2021-05-30 22:40:15

Economists at a webinar on Sunday urged the government to focus on policy reforms to boost private sector investment which is essential to stimulate the post-COVID recovery process. They also remarke...

DSEX exceeds 6000-mark after 40 months

DSEX exceeds 6000-mark after 40 months

FE ONLINE REPORT 2021-05-30 16:06:54

The benchmark index of the Dhaka Stock (DSEX) crossed the ‘psychological’ threshold of 6,000-mark on Sunday after nearly 40 months as investors continued to put bets on the stocks amid bud...

Stock market opens marginally higher

Stock market opens marginally higher

FE ONLINE REPORT 2021-05-30 11:24:34

The stock market opened marginally higher on Sunday as investors followed a cautious approach after a big jump in the previous session. Following the previous session’s sharp rise, the market o...