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The Financial Express

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CVC Finance to capitalise on rural economy, MD tells FE

CVC Finance to capitalise on rural economy, MD tells FE

FE REPORT 2021-01-31 10:01:21

CVC Finance Ltd. wants to shift its corporate-centric focus to rural Bangladesh with the help of technology-based platforms. Currently, the corporate segment of CVC Finance, a new generation non-bank...

Planning minister for raising social safety-net budget

Planning minister for raising social safety-net budget

FE REPORT 2021-01-31 09:10:15

Planning minister MA Mannan has laid emphasis on enhancing budget for social safety-net programmes as many people have fallen below the poverty line due to Covid-19 pandemic. Replying to discussants...

Banks crank up farm credit in six months

Banks crank up farm credit in six months

SIDDIQUE ISLAM 2021-01-31 08:52:51

Farm credit disbursement grew by nearly 12 per cent in the first-half of the current fiscal year, driven by seasonal demand for such loans, officials say. Banks released agricultural credit worth Tk...

IPO financing fails to create much impact on economy

IPO financing fails to create much impact on economy

FE REPORT 2021-01-30 11:31:36

Bangladesh Institute of Capital Market (BICM) launched "BICM Research Seminar Series" on Thursday. Professor Shaikh Shamsuddin Ahmed, commissioner of Bangladesh Securities and Exchange Commission (BS...

China's lending to Bangladesh surges

China's lending to Bangladesh surges

FHM HUMAYAN KABIR 2021-01-30 09:02:26

China has emerged as one of the leading bilateral development partners of Bangladesh as it disbursed US$460.41 million loans in the first half of the current fiscal year, insiders said on Friday. The...

India seeks Bangladesh presence to probe customs anomalies

India seeks Bangladesh presence to probe customs anomalies

SYFUL ISLAM 2021-01-30 08:50:14

The Indian officials are now seeking permission for physical presence in Bangladesh for investigating any customs-related offences, officials say. They are also seeking information about the assessme...

Post-pandemic export basket needs to be diversified: Experts

Post-pandemic export basket needs to be diversified: Experts

FE Report 2021-01-29 10:12:23

Speakers at an international webinar have stressed the need for diversifying the country's export basket and focusing on bilateral free trade agreements to address the challenges of the post-Covid glo...

Stocks edge higher as regulator relaxes margin loans directive

Stocks edge higher as regulator relaxes margin loans directive

-- 2021-01-28 16:27:29

Stocks finished marginally higher for the two consecutive sessions on Thursday as the stock market regulator relaxed its directive on margin loans for more four months. The Bangladesh Securities and...

Bangladesh RMG sector struggles as pandemic empties order books

Bangladesh RMG sector struggles as pandemic empties order books

REUTERS 2021-01-28 13:52:38

Bangladesh’s huge export-oriented readymade garment industry is fighting for its survival after fresh coronavirus curbs in Europe and North America shrivelled already-weakened order books, indus...

BMW's 2020 cash flow exceeded market expectations

BMW's 2020 cash flow exceeded market expectations

Reuters 2021-01-28 12:32:03

BMW’s free cash flow last year was better than market expectations at about 3.4 billion euros ($4.12 billion) in its core automotive division, the German carmaker said on Wednesday, citing recov...

Grameenphone declares 145pc final cash dividend

Grameenphone declares 145pc final cash dividend

FE ONLINE REPORT 2021-01-28 11:38:01

The board of directors of Grameenphone has recommended 145 per cent final cash dividend (i.e. total 275 per cent cash dividend) for the year ended on December 31, 2020, said an official disclosure on...

Stocks rise at open amid high turnover

Stocks rise at open amid high turnover

FE ONLINE REPORT 2021-01-28 11:33:27

Stocks witnessed an upward trend in early trading on Thursday as the stock market regulator relaxed the margin loan adjustment until June 30. The regulator has relaxed its directive on margin loans,...

BIDA's coordination with stakeholders required to improve business ranking

BIDA's coordination with stakeholders required to improve business ranking

FE Report 2021-01-28 11:04:41

Speakers at a programme on Wednesday said the Bangladesh Investment Development Authority (BIDA) should coordinate more with its stakeholders to do better in the Ease of Doing Business ranking. They...

BSEC to hold road-show in Dubai Feb 9

BSEC to hold road-show in Dubai Feb 9

FE Report 2021-01-28 10:26:29

The securities regulator will hold a four-day-long road-show in Dubai next month to attract foreign investors and non-resident Bangladeshis. The programme will open on February 9 and will close on Fe...

Dhaka gets 3.0b foreign aid in July-Dec

Dhaka gets 3.0b foreign aid in July-Dec

FHM HUMAYAN KABIR 2021-01-28 10:01:53

Bangladesh received 10 per cent higher foreign aid in the first half of fiscal year (FY) 2020-21 compared with the same period last year, boosted by some large loans, including a budgetary support, of...

Indian customs rules affecting Bangladesh exports clash with SAFTA

Indian customs rules affecting Bangladesh exports clash with SAFTA

DOULOT AKTER MALA 2021-01-28 08:53:09

Rules of origin of the South Asian Free Trade Area (SAFTA) can supersede the provisions of the new Indian customs rules in case any conflicts arise, experts say. The Indian customs (administration of...

Central bank calls for exhausting stimulus funds by March

Central bank calls for exhausting stimulus funds by March

SIDDIQUE ISLAM 2021-01-28 08:44:46

The central bank has asked the banks to exhaust all stimulus packages by March to help revive the economy, battered by Covid-19. The advice was given at a virtual meeting between the bankers and Bang...

Finance minister doesn't believe 42pc Bangladeshis are poor now

Finance minister doesn't believe 42pc Bangladeshis are poor now

FE REPORT 2021-01-28 08:24:16

Finance minister AHM Mustafa Kamal has trashed a recent survey report that showed the country's existing rate of poverty at around 42 per cent. "I don't want to talk about it. You know, it's entirely...

Bangladesh receives $1.45b more remittance through formal channel during pandemic: Study

Bangladesh receives $1.45b more remittance through formal channel during pandemic: Study

FE Online Report 2021-01-27 20:08:14

Bangladeshi migrant workers sent around US$1.45 billion more remittance through formal channel during the COVID-19 period, a study has found. It said the demand for hundi money (informal channel) to...

Bangladesh sets ship export target at $4.0b by 2025

Bangladesh sets ship export target at $4.0b by 2025

-- 2021-01-27 19:42:24

The government has set an export target of $4.0 billion dollars for the country's shipbuilding industry by 2025. In order to help the sector reach the target, the cabinet recently approved ‘Shi...

Stocks witness mixed trend amid choppy trading

Stocks witness mixed trend amid choppy trading

FE ONLINE REPORT 2021-01-27 11:34:24

Stocks witnessed a mixed trend amid choppy trading in the early hours on Wednesday as cautious investors continued their profit booking on sector-wise issues. Following the previous three days’...

Central bank set to extend export development fund's enhanced credit limit

Central bank set to extend export development fund's enhanced credit limit

SIDDIQUE ISLAM 2021-01-27 10:59:18

The central bank is set to extend the enhanced credit limit under its Export Development Fund (EDF) scheme for the textiles and clothing exporters by six more months to help boost proceeds from overse...

Top taxpayers to be honoured

Top taxpayers to be honoured

FE REPORT 2021-01-27 08:53:42

The National Board of Revenue (NBR) has selected a total of 141 taxpayers to recognise the individuals and corporate entities for the highest tax payments in fiscal year 2019-20. The income tax wing...

Stocks tumble amid lower turnover

Stocks tumble amid lower turnover

FE ONLINE REPORT   2021-01-26 16:28:21

Stocks witnessed a big jolt on Tuesday, with the key index of the Dhaka Stock Exchange (DSE) tumbling below 5,700-mark, as investors went on sell-offs on large-cap stocks. DSEX, the prime index of th...

Marico declares third interim dividend for 2021

Marico declares third interim dividend for 2021

FE ONLINE REPORT 2021-01-26 12:42:43

Marico Bangladesh, a listed multinational company, has declared a third interim cash dividend of 200 per cent based on nine months' financials for the period ended on December 31, 2020. The boar...

Stocks down at opening amid volatility

Stocks down at opening amid volatility

FE ONLINE REPORT 2021-01-26 11:09:04

Stocks on both the bourses witnessed a downward trend on Tuesday amid volatile trading as cautious investors continued profit booking on sector-wise issues. Following the previous two days’ cor...

Bourses asked to submit detailed plan within 15 days

Bourses asked to submit detailed plan within 15 days

FE Report 2021-01-26 09:17:12

The securities regulator has asked both the bourses to submit a detailed plan within 15 days regarding the issuance of new TREC (Trading Right Entitlement Certificate). The Bangladesh Securities and...

China, Bangladesh experts advocate ADR to resolve disputes

China, Bangladesh experts advocate ADR to resolve disputes

FE REPORT 2021-01-26 09:12:38

Chinese and Bangladeshi experts during a webinar on Monday favoured using alternative dispute resolution (ADR) to strengthen open account trade for import and export between China and Bangladesh. The...

No to import tax cut on rice, edible oil

No to import tax cut on rice, edible oil

FE Report 2021-01-26 09:07:53

The National Board of Revenue (NBR), on Monday, ruled out any possibility to cut import taxes on rice and edible oil despite the recent price spiral of these two essential commodities. The NBR Chairm...

Relaxed rules show decline in NPLs; banks asked to recover loans from defaulters

Relaxed rules show decline in NPLs; banks asked to recover loans from defaulters

FE REPORT 2021-01-26 08:26:36

Finance minister AHM Mustafa Kamal on Monday said the volume of defaulted loans has decreased in the banking sector due to the simplification of rules and regulations by the central bank. He said the...