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The Financial Express

Search results for: bangladesh

Aid flow to Bangladesh rises 34pc in July-Nov

Aid flow to Bangladesh rises 34pc in July-Nov

FHM HUMAYAN KABIR 2021-01-05 09:34:52

Foreign aid disbursement by development partners jumped by 34 per cent in July-November, thanks to the release of a budgetary support by Japan, officials said on Monday. Economic Relations Division...

Stocks keep gaining despite vaccine uncertainty

Stocks keep gaining despite vaccine uncertainty

FE Online Report 2021-01-04 16:54:17

Stocks ended higher on Monday after high volatility despite the news of uncertainty regarding coronavirus vaccine import amid India’s ban on vaccine export for a few months. After a big jump in...

Bangladesh can afford higher borrowing to support Covid-affected economy, says BB policy note

Bangladesh can afford higher borrowing to support Covid-affected economy, says BB policy note

FE Online Report 2021-01-04 15:43:40

Bangladesh has the ability to enhance the credit-based spending to support Covid-affected sectors as the country is ‘at low risk in terms of vulnerable debt sustainability.’ A policy note...

Stocks witness high volatility on vaccine uncertainty news

Stocks witness high volatility on vaccine uncertainty news

FE ONLINE REPORT 2021-01-04 13:30:32

Stocks witnessed high volatility after three hours of trading on Monday following coronavirus vaccine import uncertainty news as India banned to export vaccine for few months. India will not allow th...

Stocks open higher on vaccine hopes

Stocks open higher on vaccine hopes

FE ONLINE REPORT 2021-01-04 11:32:44

Stocks opened on an upbeat note on Monday as investors continued their appetite riding on news of India’s coronavirus vaccine approval which heightened hopes for Bangladesh. Following the pre...

7,000 legalise undeclared income, govt earns record Tk 8.8b in taxes

7,000 legalise undeclared income, govt earns record Tk 8.8b in taxes

DOULOT AKTER MALA 2021-01-04 08:46:05

The government has received a record Tk 8.80 billion in tax from the holders of undisclosed money in the first half of the current fiscal year. Between July and December, some 6,937 people disclosed...

Remittance inflow tops $21b in 2020

Remittance inflow tops $21b in 2020

FE ONLINE REPORT 2021-01-03 21:28:43

The inflow of remittances crossed the $21billion-mark for the first time in the just-concluded calendar year, registering an increase of nearly 19 per cent, despite the ongoing Covid-19 pandemic, offi...

Remittance inflow witnesses 37pc growth in six months

Remittance inflow witnesses 37pc growth in six months

-- 2021-01-03 20:02:32

Inward remittances witnessed a massive growth of 37.6 per cent in the first six months of the current fiscal 2020-21 compared to the corresponding period of the previous fiscal. According to the fina...

BB extends deadline for execution of stimulus package for CMSMEs

BB extends deadline for execution of stimulus package for CMSMEs

FE ONLINE REPORT 2021-01-03 16:46:49

The central bank has extended the deadline for execution of the stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) by more three months. Under the revised deadline, schedu...

DSEX crosses 5,600-mark after 21 months

DSEX crosses 5,600-mark after 21 months

FE Online Report 2021-01-03 16:34:14

Stocks soared on Sunday, the maiden session of 2021, with the core index of Dhaka Stock Exchange (DSE) exceeded 5,600-mark, as investors reacted positively to the series of market supportive measures...

Foreign investment in bond up, equity negative in FY20

Foreign investment in bond up, equity negative in FY20

FE Online Report 2021-01-03 14:35:17

Foreign or non-resident investment in debt securities of Bangladesh market increased in the last fiscal year while declined in equity securities in the last fiscal year. Bangladesh Bank unveiled the...

Stocks open year’s first session on flying note

Stocks open year’s first session on flying note

FE ONLINE REPORT 2021-01-03 10:58:48

Stocks witnessed a steep rise in the early trading on Sunday, the first trading day of 2021, as investors are putting a fresh bet on the market amid high hopes in the New Year. Following the previo...

IBN Sina to form subsidiary company

IBN Sina to form subsidiary company

FE Online Report 2021-01-03 10:43:02

The IBN Sina Pharmaceutical Industry has decided to form a subsidiary company named --The IBN Sina Natural Medicine--with a paid-up capital of Tk 120 million. The board of directors has decided to fo...

Taufika, eGeeration, Lub-rref to raise Tk 1.95b through IPOs this month

Taufika, eGeeration, Lub-rref to raise Tk 1.95b through IPOs this month

FE REPORT 2021-01-03 09:44:11

Three companies - Taufika Foods & Agro Industries, eGeneration and Lub-rref (Bangladesh) - will raise a total of Tk 1.95 billion from the capital market through IPOs in January. The initial pub...

Honest taxpayers pay up to 33pc tax, black money whiteners only 10pc: Experts

Honest taxpayers pay up to 33pc tax, black money whiteners only 10pc: Experts

FE REPORT 2021-01-03 08:36:24

Concerted government efforts backed by political will are required to prevent money laundering and bringing discipline in the financial sector, Professor Mustafizur Rahman, distinguished fellow of the...

Tea producers seek 20pc subsidy to boost exports

Tea producers seek 20pc subsidy to boost exports

FE REPORT 2021-01-03 08:26:45

The apex body of tea producers has requested the government to provide a 20 per cent subsidy, in addition to the existing export incentive facility to the tea sector, with a view to boosting the expor...

Oil-fed power plants idling due to lower demand

Oil-fed power plants idling due to lower demand

M AZIZUR RAHMAN 2021-01-03 08:17:09

The government has kept almost all oil-fired power plants shut and import of expensive LNG to a minimum to reduce energy procurement costs owing to lower winter demand and sluggish economic activiti...

Dhaka focussing on bilateral FTAs to face LDC graduation challenge

Dhaka focussing on bilateral FTAs to face LDC graduation challenge

FE REPORT 2021-01-02 10:37:55

Commerce Secretary Dr. Md. Jafar Uddin, on Thursday, said Bangladesh will lose a number of duty-free quota-free (DFQF) facilities after its graduation from the existing least developed country (LDC) s...

2.6m new jobs a year difficult in post-pandemic Bangladesh: Economists

2.6m new jobs a year difficult in post-pandemic Bangladesh: Economists

FHM Humayan Kabir 2021-01-02 09:16:09

Creating as many as 11.33 million jobs during the 8th five-year plan (FYP) period would be challenging for the government as the fallout of Covid-19, economists said on Friday. Following the unempl...

Engineering sector proves to be the best 2020 stock market performer

Engineering sector proves to be the best 2020 stock market performer

FE REPORT 2021-01-01 12:02:45

The engineering sector emerged as the best performer on the Dhaka Stock Exchange (DSE) in 2020, with a gain of 133 per cent, while the life insurance sector was the worst performer as it wiped off 3.5...

Sales of savings schemes more than triple

Sales of savings schemes more than triple

FE REPORT 2021-01-01 09:42:30

The net sale of state-run savings instruments more than tripled in the July-November period of this fiscal year (FY), 2020-21, than that of the corresponding period of previous fiscal. The Departme...

Extension of support package will bring RMG to next level, says BGMEA chief

Extension of support package will bring RMG to next level, says BGMEA chief

MONIRA MUNNI 2021-01-01 09:35:15

After an 'unprecedented' year in 2020 riddled with scars of the pandemic, the country's readymade garment (RMG) sector is ushering in the new year 2021 amid some challenges and hopes also, an industry...

Survive, revive and then thrive, new DCCI President says on priorities

Survive, revive and then thrive, new DCCI President says on priorities

SYFUL ISLAM 2021-01-01 09:27:01

Bangladesh's economy will eke out "satisfactory" growth next year provided private investments and international trade remain buoyant, a leading voice on private business has said. "While uncertainti...

Bangladesh recovery to take three years, forecasts MCCI chief

Bangladesh recovery to take three years, forecasts MCCI chief

JUBAIR HASAN 2021-01-01 09:17:00

Bangladesh would need at least three years to not just get back to the full speed of the economic activities but to overcome the losses caused by the Covid-19 pandemic, the chief of the country's olde...

Planning Commission discourages execution of unimportant projects this fiscal year

Planning Commission discourages execution of unimportant projects this fiscal year

FHM HUMAYAN KABIR 2021-01-01 09:08:25

The government pursued a cautious stance in 2020 while approving development projects and releasing funds amid fears of higher budget deficit due to the adverse impact of Covid-19 pandemic, according...

Every IPO applicant to get shares, stock market regular decides

Every IPO applicant to get shares, stock market regular decides

FE REPORT 2021-01-01 08:59:27

Every initial public offering (IPO) applicant will get primary shares on a pro rata basis as the stock market regulator scrapped the lottery system for general investors in an IPO. The Bangladesh S...

Private commercial banks mostly see profit fall

Private commercial banks mostly see profit fall

SIDDIQUE ISLAM 2021-01-01 08:55:53

The operating profit of majority of the private commercial banks (PCBs) shrunk in the just-concluded calendar year mainly due to the impact of Covid-19 and implementation of the single-digit interes...

Experts emphasise accurate data for post-pandemic recovery

Experts emphasise accurate data for post-pandemic recovery

-- 2020-12-31 22:25:25

The recovery of the country's economy following the coronavirus crisis is long and slow due to data scarcity, experts said. Relief distribution is also affected due to the lack of a proper database,...

IFAD to provide $18m to rebuild microenterprises, support smallholders  in Bangladesh

IFAD to provide $18m to rebuild microenterprises, support smallholders in Bangladesh

UNB 2020-12-31 18:21:04

The International Fund for Agricultural Development (IFAD) will provide Bangladesh with an additional loan of US$18.07 million to rebuild microenterprises and support smallholders who have been affect...

Brokerage firms allowed to open new branch offices across Bangladesh

Brokerage firms allowed to open new branch offices across Bangladesh

FE REPORT 2020-12-31 10:22:40

The stock market regulator has allowed brokerage firms to open new branch offices across the country after nine years following the long-standing demand of the stockbrokers. The Bangladesh Securiti...