Loading...
The Financial Express

Search results for: bangladesh

Regulator suspends commission for non-life insurance agents

Regulator suspends commission for non-life insurance agents

JASIM UDDIN HAROON 2021-02-05 10:31:00

Insurance regulator on Thursday suspended providing all types of commission for the country’s non-life insurance companies. The Insurance Development and Regulatory Authority issued a circular...

Stocks extend rally riding on major sectors

Stocks extend rally riding on major sectors

FE REPORT 2021-02-05 10:26:39

Stocks extended the winning streak for the second straight session on Thursday as bargain hunters showed their buying appetite for sector-specific large-cap issues. DSEX, the key index of the Dhaka S...

Bangladesh government reduces target to borrow from banks

Bangladesh government reduces target to borrow from banks

SIDDIQUE ISLAM 2021-02-05 08:34:00

The government has slashed its bank borrowing target by more than 3.0 per cent to Tk 820 billion for the current fiscal year, compelled by lower implementation of the annual development programme (ADP...

Stocks witness positive, turnover remains low

Stocks witness positive, turnover remains low

FE ONLINE REPORT 2021-02-04 12:45:26

Stocks opened on a positive note on Thursday as bargain hunters showed their appetite on sector-wise issues. Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the C...

Baraka Patenga Power to invest more in electricity generation

Baraka Patenga Power to invest more in electricity generation

Babul Barman From Patenga, CTG 2021-02-04 10:01:40

The Baraka Patenga Power Limited (BPPL) will utilize part of its initial public offering (IPO) proceeds of Tk 1.44 billion (144.34 crore) to invest in two of its power generating subsidiaries on becom...

Decision to issue new TREC to new firms

Decision to issue new TREC to new firms

FE Report 2021-02-04 10:01:24

Dhaka Stock Exchange (DSE) has decided to issue new TREC (Trading Right Entitlement Certificate) for conducting trading activities in the capital market. The premier bourse on Tuesday took the decisi...

Committee assigned to probe market operators' role in share price-hike

Committee assigned to probe market operators' role in share price-hike

MOHAMMAD MUFAZZAL 2021-02-04 08:56:57

The securities regulator has formed a two-member committee on Wednesday to probe into the role of market operators behind the unusual price hike of shares of the newly-listed companies, observed in th...

Inflation drops to 5.02pc in January

Inflation drops to 5.02pc in January

UNB 2021-02-03 20:37:40

The rate of inflation declined to 5.02 per cent in January from 5.29 per cent in the previous month (December). “The general point-to-point inflation rate eased to 5.02 per cent in January 2021...

ECNEC approves Tk 43.47b project to develop Bangabandhu industrial city

ECNEC approves Tk 43.47b project to develop Bangabandhu industrial city

-- 2021-02-03 16:44:50

The Executive Committee of the National Economic Council (ECNEC) today approved a Tk 43.47 billion project to develop the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) as a state-of-the-art and intern...

Goods export growth slows in July-Jan

Goods export growth slows in July-Jan

FE REPORT 2021-02-03 10:03:06

Bangladesh earned $22.67 billion through goods exports in the first seven months of this fiscal, reflecting 1.09 per cent negative growth over the same period of last fiscal. It fetched $22.91 billio...

Bubble in market apprehended as Tk 100b legalised in six months

Bubble in market apprehended as Tk 100b legalised in six months

FE Report 2021-02-03 09:59:24

The opportunity to whiten black money might help a section of political leaders in election financing, but, as far as the economy is concerned, it could prove to be counterproductive, economists and b...

Central bank revises credit growth targets for second half

Central bank revises credit growth targets for second half

FE REPORT 2021-02-03 09:56:05

Bangladesh Bank (BB) has projected the government's borrowing at 31.7 per cent in the revised the monetary policy programmes for the second half (H2) of the current fiscal year (FY). The growth in...

Stock market regulator to suggest 15pc gap in corporate tax

Stock market regulator to suggest 15pc gap in corporate tax

FE REPORT 2021-02-03 09:52:59

The securities regulator will suggest a 15-per cent gap in corporate tax between listed and non-listed companies in the next budget to attract more companies to the capital market. Bangladesh Secur...

IPO subscription of NRBC Bank begins today

IPO subscription of NRBC Bank begins today

FE REPORT 2021-02-03 09:06:38

The initial public offering (IPO) subscription of NRBC Bank Ltd begins today (Wednesday), aiming to raise Tk 1.20 billion through IPO under the fixed price method. The fourth generation bank is the f...

Special tax benefits discourage honest taxpayers, Rehman Sobhan says

Special tax benefits discourage honest taxpayers, Rehman Sobhan says

-- 2021-02-02 21:39:45

Chairman of Centre for Policy Dialogue (CPD) Professor Rehman Sobhan has said the provision of whiten black money will discourage honest taxpayers. He also suggested the National Board of Revenue (NB...

Bourses witness downtrend at opening

Bourses witness downtrend at opening

FE ONLINE REPORT 2021-02-02 11:35:59

Stocks on both the bourses witnessed a downward trend in the early trading on Tuesday as investors showed their buying appetite based on the latest quarterly earnings. Following the previous two days...

India's proposal for reducing transit fees turned down

India's proposal for reducing transit fees turned down

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

The Road Transport and Highways Division (RTHD) has rejected a proposal put forward by India to reduce road transit fees as the rate fixed earlier is lower than the actual one. Sources said the rate...

Half-yearly net sales of savings instruments cross fiscal year target

Half-yearly net sales of savings instruments cross fiscal year target

FE REPORT 2021-02-02 09:48:31

Net sales of the state-run savings instruments in the first half surpassed the target set for entire fiscal year (FY) 2020-21, according to official statistics. According to the Department of Natio...

Eligible investors required to join in IPO bidding through committee

Eligible investors required to join in IPO bidding through committee

FE Report 2021-02-02 09:40:52

The eligible investors (EIs) will have to take part in the initial public offering (IPO) bidding through a committee, which will unbiasedly recommend quantity and price of the shares concerned, base...

34.95pc remittance growth recorded in seven months of FY21

34.95pc remittance growth recorded in seven months of FY21

-- 2021-02-01 22:40:44

Bangladesh recorded a 34.95 per cent growth of remittance in seven months of the fiscal year 2020-21 (FY21) compared to the same period of the last fiscal year. The country received $1.96 billion in...

DSE mobile app maintenance timeframe extended until Feb 11

DSE mobile app maintenance timeframe extended until Feb 11

FE ONLINE REPORT 2021-02-01 14:30:01

DSE mobile app users have to wait for two more weeks to get full trading hours services as the prime bourse extended the maintenance work time frame until February 11. “The maintenance work Ord...

Stocks rise at opening amid volatility

Stocks rise at opening amid volatility

FE ONLINE REPORT 2021-02-01 11:37:09

Stocks on both the bourses witnessed an upward trend in the early trading on Monday as investors showed their buying appetite based on the latest quarterly earnings. Following the previous day’...

Company registration in 24 hours as service goes online today

Company registration in 24 hours as service goes online today

ISMAIL HOSSAIN 2021-02-01 10:23:38

The new companies would now be able to register their entities with the Office of the Registrar of Joint Stock Companies and Firms (RJSC) within 24 hours as the process with key services goes online t...

Expansionary monetary policy to continue in January-June period

Expansionary monetary policy to continue in January-June period

SIDDIQUE ISLAM 2021-02-01 08:47:06

The central bank has decided to stick to the expansionary monetary policy during the second half (H2) of this fiscal year (FY) with some adjustments, taking into account the money market and the overa...

Central bank lifts loan moratorium

Central bank lifts loan moratorium

FE REPORT 2021-02-01 08:35:45

The central bank on Sunday withdrew the general waiver of loan moratorium facility. The Bangladesh Bank offered a deferral loan classification facility from January 2020 to December 2020, considering...

ICCB describes Padma Bridge as great achievement for Bangladesh

ICCB describes Padma Bridge as great achievement for Bangladesh

FE ONLINE DESK 2021-01-31 15:48:06

The International Chamber of Commerce-Bangladesh (ICCB) has described implementaiton of Padma Bridge project as the great achievement for Bangladesh. The ICCB also extended its gratitude towards Prim...

Mir Akhter Hossain to make debut Tuesday

Mir Akhter Hossain to make debut Tuesday

FE Online Report 2021-01-31 15:05:01

Mir Akhter Hossain Ltd, one of the largest construction and engineering firms of the country, will make its share trading debut on the bourses Tuesday (February 2) under ‘N’ category, offi...

Shasha Denims to acquire additional 18pc stake in EOS Textile

Shasha Denims to acquire additional 18pc stake in EOS Textile

FE ONLINE REPORT 2021-01-31 14:26:52

Shasha Denims is set to acquire an additional 18 per cent stake in EOS Textile Mills, an associate of Italian apparel maker, at a cost of about Tk 218 million with proportionate other actual costs. T...

Desh General, Index Agro, NRB Bank to raise Tk 1.86b in February

Desh General, Index Agro, NRB Bank to raise Tk 1.86b in February

FE Report 2021-01-31 11:01:17

Three companies will open their IPO (initial public offering) subscription in February to raise an aggregate amount of capital worth Tk 1.86 billion from the country's capital market. Of these compan...

Revenue board waives VAT on amount telecom regulator gains from operators

Revenue board waives VAT on amount telecom regulator gains from operators

FE REPORT 2021-01-31 10:47:13

The National Board of Revenue (NBR) has offered VAT exemption to the telecom operators on the amount that they pay to the regulator as revenue-sharing under the licencing provision. The mobile phone...