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Search results for: bangladesh

NCC Bank declares 15pc dividend for 2020

NCC Bank declares 15pc dividend for 2020

FE ONLINE REPORT 2021-04-27 10:20:58

The board of directors of National Credit and Commerce (NCC) Bank has recommended 7.50 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2020. The final approval of th...

Banks can form start-up fund with 1.0pc of net profits

Banks can form start-up fund with 1.0pc of net profits

SIDDIQUE ISLAM 2021-04-27 09:32:43

The central bank has amended its policy allowing all banks to form their own start-up fund with 1.0 per cent of net profits instead of operating ones earlier, officials said. To provide start-up entr...

Prospect of hitting boro rice purchase target remains clouded

Prospect of hitting boro rice purchase target remains clouded

TALHA BIN HABIB AND YASIR WARDAD 2021-04-27 09:28:13

The government's target to procure 1.8-million tonnes of Boro rice this year may not be achieved as the millers find the prices offered unattractive. On Monday, food minister Shadhan Chandra Majumder...

Stocks slide marginally at opening

Stocks slide marginally at opening

FE ONLINE REPORT 2021-04-26 11:01:47

Stocks on both the bourses fell marginally at opening on Monday as risk-averse investors opted for booking profits on quick-gaining stocks. The market opened slightly lower this morning as DSEX, the...

Yields on treasury bills drop

Yields on treasury bills drop

SIDDIQUE ISLAM 2021-04-26 10:29:41

The yield on treasury bills (T-bills) dropped further on Sunday as the commercial banks having excess liquidity rushed to offer bids in the auction due to the ongoing lockdown, bankers said. The cut-...

12m families to get Tk 5.74b from government

12m families to get Tk 5.74b from government

FE REPORT 2021-04-26 10:28:45

A total of over 12 million families would be benefited from the government's financial allocation of over Tk 5.74 billion during the Covid-19 pandemic, said the State Minister for Disaster Management...

Bangladesh National Insurance declares 15pc cash dividend

Bangladesh National Insurance declares 15pc cash dividend

FE ONLINE REPORT 2021-04-26 10:19:09

The board of directors of Bangladesh National Insurance Company has recommended a 15 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come durin...

Nikkei Asia praises Bangladesh's growth, govt efforts during pandemic

Nikkei Asia praises Bangladesh's growth, govt efforts during pandemic

UNB 2021-04-25 21:35:07

Nikkei Asia, in its recent article, praised Bangladesh's growth describing how the economy has boomed and exports soared. The article also described how Bangladesh's economy has even exhibited resili...

Stocks soar at opening amid easing of lockdown worries

Stocks soar at opening amid easing of lockdown worries

FE ONLINE REPORT 2021-04-25 12:30:27

Stocks opened higher on Sunday as optimistic investors continued their buying appetite on sector-wise issues amid the easing of lockdown worries. The market jumped in early trading and DSEX, the benc...

Ten largest companies grab 44pc market capitalisation of DSE

Ten largest companies grab 44pc market capitalisation of DSE

Babul Barman 2021-04-25 12:01:58

Ten largest listed companies in terms of market capitalisation accounted for 44 per cent of the Dhaka bourse's total market-cap as of Thursday thanks to rising shares prices of large-cap companies....

Janata Insurance declares 6.0pc cash, 5.0pc stock dividend

Janata Insurance declares 6.0pc cash, 5.0pc stock dividend

FE ONLINE REPORT 2021-04-25 10:48:31

The board of directors of Janata Insurance Company has recommended 6.0 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 c...

Pandemic hits hard Bangladesh's aquaculture sector: Study

Pandemic hits hard Bangladesh's aquaculture sector: Study

FE REPORT 2021-04-24 10:58:11

Despite having potentials, the aquaculture sector in Bangladesh has been affected badly in the wake of the pandemic mainly due to the increased cost of fish feed and sluggish demand, according to a st...

VAT net expansion likely in next budget

VAT net expansion likely in next budget

FE REPORT 2021-04-24 09:35:59

The National Board of Revenue (NBR) intends to expand the VAT (value-added tax) net instead of raising the VAT rate in the budget for the next fiscal year (FY), said its VAT (policy wing) member Md...

LIBOR phaseout may lead to interest-rate volatility

LIBOR phaseout may lead to interest-rate volatility

JASIM UDDIN HAROON 2021-04-24 09:18:35

The interest rate of the country's many foreign borrowings is likely to go up, as the London Interbank Offered Rate (LIBOR) will cease to be effective in the case of most currencies, including the U...

BSEC relaxes rules for submission of financials until May 25

BSEC relaxes rules for submission of financials until May 25

FE REPORT 2021-04-23 10:43:44

The stock market regulator has temporarily relaxed the listing regulations or other securities laws for all the listed companies relating to the requirements of monthly/quarterly submissions until May...

High ambition, low capacity responsible for widening revenue shortfall

High ambition, low capacity responsible for widening revenue shortfall

Doulat Akter Mala 2021-04-23 09:31:48

The tax revenue target and the capacity of the National Board of Revenue (NBR) are ill-matched. That is one of the major reasons for the widening shortfall in revenue collection, Mr Farid Uddin, a f...

Stocks keep gaining for eight straight sessions

Stocks keep gaining for eight straight sessions

FE ONLINE REPORT 2021-04-22 16:41:03

Stocks ended marginally higher on Thursday, extending the gaining streak for the eight straight sessions, as investors continued to show their appetite on sector-wise issues despite the ongoing county...

Stocks open marginally lower amid lockdown

Stocks open marginally lower amid lockdown

FE ONLINE REPORT 2021-04-22 11:18:22

Stocks opened marginally lower on Thursday as cautious investors book profits on sector-wise issues amid lockdown. The presence of investors on the trading floor remained very thin due to the ongoing...

Ten most-traded stocks grab 48pc turnover

Ten most-traded stocks grab 48pc turnover

FE REPORT 2021-04-22 10:43:57

Bangladesh Export Import Company (Beximco) - the flagship company of Beximco Group, continued to lead the Dhaka bourse's turnover list while the ten most-traded stocks grabbed 48 per cent transactio...

Covid time needs innovative budget: Enamul Haque

Covid time needs innovative budget: Enamul Haque

FE REPORT 2021-04-22 09:12:37

Revenue collection should not be the main goal of the government under the prevailing circumstances. Instead, it should think about how best it can save life and livelihood, Dr A. K. Enamul Haque, Pro...

Chinese shoemaker brings jobs, better life to villagers in Gazipur

Chinese shoemaker brings jobs, better life to villagers in Gazipur

Global Times 2021-04-21 19:27:29

Thousands of households in the Gazipur district, on the outskirts of Dhaka, have become better off after a Chinese-invested shoemaking factory opened there in 2012. Panda Shoes Industries Ltd. has no...

‘Regional cooperation can bolster South Asia’s capabilities to fight pandemic’

‘Regional cooperation can bolster South Asia’s capabilities to fight pandemic’

FE Online Desk 2021-04-21 13:56:01

Analysts have identified the prevailing coronavirus pandemic as a turning point in world history, with ramifications for everything from climate change to the global balance of power, according to ICC...

Stocks open higher amid eased lockdown worries

Stocks open higher amid eased lockdown worries

FE ONLINE REPORT 2021-04-21 11:12:57

Stocks opened marginally higher on Wednesday as optimistic investors continued their buying appetite on sector-wise issues as virus lockdown worries eased somewhat. The market opened on a positive no...

Share prices of Heidelberg, Agrani, Asia Pacific General insurance companies soaring sans PSI

Share prices of Heidelberg, Agrani, Asia Pacific General insurance companies soaring sans PSI

FE REPORT 2021-04-21 10:44:04

The share prices of three more companies --- Heidelberg Cement, Agrani Insurance and Asia Pacific General Insurance - are soaring without having any undisclosed price sensitive information (PSI). S...

NBR faces uphill battle in achieving VAT collection target

NBR faces uphill battle in achieving VAT collection target

UNB 2021-04-20 17:58:15

With just over 41 per cent VAT collection target met in the first seven months of this fiscal year, the National Board of Revenue (NBR) is mounting pressure on its field offices to boost the collectio...

Bangladesh sees 25m new poor, debt burden doubles during pandemic: Survey

Bangladesh sees 25m new poor, debt burden doubles during pandemic: Survey

FE Online Desk 2021-04-20 16:49:39

The army of the ‘new poor’, struggling to return to pre-Covid occupations and income levels, is in danger of being stuck in a poverty trap, says a joint survey released on Tuesday. It est...

Sectors that contribute most shouldn't be targetted: Zahid Hussain

Sectors that contribute most shouldn't be targetted: Zahid Hussain

Jasim Uddin Haroon 2021-04-20 09:22:42

Firefighting and recovery efforts on both health and economic fronts ought to be the central features of the budget for the next fiscal year (FY 2021-22), Dr Zahid Hussain, one of the country's leadin...

Cigarette, mobile, pharma sectors pay higher value added tax

Cigarette, mobile, pharma sectors pay higher value added tax

DOULOT AKTER MALA 2021-04-20 09:16:01

Three sectors - cigarette, pharmaceuticals and mobile phone - made an impressive contribution to the government's revenue collection efforts during the first three quarters of the current fiscal yea...

Nitol Insurance declares 10pc cash dividend

Nitol Insurance declares 10pc cash dividend

FE ONLINE REPORT 2021-04-19 11:39:30

The board of directors of Nitol Insurance Company 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 g...

Stocks rise at opening despite lockdown

Stocks rise at opening despite lockdown

FE ONLINE REPORT 2021-04-19 11:05:34

Stocks open higher on Monday, maintaining the past four days’ gaining streak, as bargain hunters remained active on sector-wise lucrative issues despite lockdown. However, the presence of inves...