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The Financial Express

Search results for: bangladesh

DSE turnover hits nearly four-month low

DSE turnover hits nearly four-month low

FE ONLINE REPORT 2020-11-18 16:04:24

The daily trade turnover on the major bourse tumbled to nearly four months low on Wednesday as investors were reluctant to make fresh investment in stocks amid the rising trend of Covid-19 infections...

BSEC body to probe unusual price hike of five MFs

BSEC body to probe unusual price hike of five MFs

FE Online Report 2020-11-18 13:00:17

The securities regulator has formed a two-member body to probe into the unusual price hike observed recently in the units of five closed-end mutual funds (MFs). The Bangladesh Securities and Exchange...

Stocks open positive amid poor turnover

Stocks open positive amid poor turnover

FE ONLINE REPORT 2020-11-18 11:16:39

Stocks posted a marginal gain in early trading on Wednesday as bargain hunters are active on sector-wise issues based on the latest corporate declarations. Following the previous day’s upbeat n...

Envoy Textiles declares 5.0pc interim cash dividend

Envoy Textiles declares 5.0pc interim cash dividend

FE ONLINE REPORT 2020-11-18 10:58:26

The board of directors of Envoy Textiles has declared 5.0 per cent interim cash dividend for the year ending on June 30, 2021, based on unaudited financial statements for the first quarter (Q1) ended...

BB asks banks to repatriate forex funds without obstacle

BB asks banks to repatriate forex funds without obstacle

FE ONLINE REPORT 2020-11-17 20:54:43

The central bank has asked scheduled banks to facilitate repatriation of funds, without creating any obstacle, out of balances held in the foreign currency accounts, officials said. “….y...

ECNEC okays Tk 59.05b project to rehabilitate rural road network

ECNEC okays Tk 59.05b project to rehabilitate rural road network

-- 2020-11-17 18:56:45

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved a Tk 59.05 billion project to maintain the rural road network by rehabilitating the roads, bridges and culverts des...

Stocks rebound on bargain hunting, turnover remains low

Stocks rebound on bargain hunting, turnover remains low

FE ONLINE REPORT 2020-11-17 16:37:21

Stocks rebounded on Tuesday after remaining flat in the previous day as bargain hunters showed their buying spree on selective issues based on corporate declarations. DSEX, the prime index of the DSE...

DSE dips, CSE gains in early trading

DSE dips, CSE gains in early trading

FE ONLINE REPORT 2020-11-17 11:17:19

Stocks witnessed a mixed trend in the early trading on Tuesday as investors mostly followed a cautious stance amid the country’s biggest-ever IPO subscription – Robi Axiata. Following the...

750 bond licence holders stopped from export-import activities for flouting rules

750 bond licence holders stopped from export-import activities for flouting rules

DOULOT AKTER MALA 2020-11-17 10:05:43

The customs authority has locked Business Identification Numbers (BINs) of 750 apparel units for their failure to submit export-import documents for auditing. As per the customs rules, exporters cann...

Bangladesh to seek relaxed China rules for increasing exports

Bangladesh to seek relaxed China rules for increasing exports

REZAUL KARIM 2020-11-17 09:54:55

Bangladesh is set to put forward some proposals including seeking relaxation of Asia Pacific Trade Agreement (APTA) rules of origin during the ensuing Foreign Office Consultation (FOC) meeting, offici...

Pandemic forces govt to start slashing foreign-aided project allocations

Pandemic forces govt to start slashing foreign-aided project allocations

FHM HUMAYAN KABIR 2020-11-17 09:37:44

The Economic Relations Division (ERD) has started work on revising the project aid allocations in the development budget amid the impact of COVID pandemic on the project implementation, officials sa...

Bangladesh Bank to release new banknote of Tk 10 Tuesday

Bangladesh Bank to release new banknote of Tk 10 Tuesday

FE ONLINE DESK 2020-11-16 21:01:26

The central bank will release new banknote of Tk 10 on Tuesday incorporating advanced security features of the currency with an aim to prevent fake notes. Initially, the new banknotes will be availab...

Rebecca Brosnan  new Director in City Bank’s  Board nominated by IFC

Rebecca Brosnan new Director in City Bank’s Board nominated by IFC

FE Online Desk 2020-11-16 17:14:45

Rebecca Brosnan has been appointed in the City Bank Board as nominated Director of IFC (International Finance Corporation). IFC, a member of World Bank Group, is holding 5% share of the bank since 201...

Dhaka stocks inch higher after bumpy ride

Dhaka stocks inch higher after bumpy ride

-- 2020-11-16 16:26:31

FE ONLINE REPORT Stocks ended slightly higher on Monday after a volatile trading as investors mostly followed a cautious stance ahead of the biggest-ever IPO subscription – Robi Axiata. DSEX...

Bangladesh among countries more susceptible to global trade disruptions: UNCTAD

Bangladesh among countries more susceptible to global trade disruptions: UNCTAD

FE Online Desk 2020-11-15 17:38:24

Many emerging economies like Bangladesh will be affected by declining international demand and export revenues as the UNCTAD fears a fall in the volume of global trade in 2020. In its ‘Review o...

‘Discrepancy in accounting processes’ halts money laundering investigation, says NBR chief

‘Discrepancy in accounting processes’ halts money laundering investigation, says NBR chief

UNB 2020-11-15 17:23:03

The National Board of Revenue (NBR) seems to have all the elements in place, except for the investigation. In five years since 2015, when the Customs Intelligence and Investigation Directorate (CIID)...

DSEX dips below 4,900-mark on selling binge

DSEX dips below 4,900-mark on selling binge

FE ONLINE REPORT 2020-11-15 15:55:14

The benchmark index of Dhaka Stock Exchange (DSE) tumbled below 4,900-mark on Sunday as cautious investors went on sell-offs on major sectors’ shares. The market opened on a negative note and t...

DSE opens lower, CSE higher

DSE opens lower, CSE higher

FE ONLINE REPORT 2020-11-15 10:57:18

Stocks witnessed a slow trend in early hours trading on Sunday as investors mostly followed cautious stance amid ongoing quarterly declarations of the listed companies. Following the previous week&rs...

Regulator going to curb 'insider trading' in stock market

Regulator going to curb 'insider trading' in stock market

MOHAMMAD MUFAZZAL 2020-11-15 09:43:22

The securities regulator has started developing a database of top officials, sponsor-directors and auditors of the listed companies, who are in the know about the price sensitive information (PSI), to...

Weekly review: Stocks slip back into red

Weekly review: Stocks slip back into red

FE REPORT 2020-11-14 11:03:45

Stocks slipped into the red in the outgoing week that ended on Thursday as shaky investors opted for booking profit on sector-wise issues based on the latest corporate declarations. Week-on-week, DSE...

China growth helps Bangladesh economy: Report

China growth helps Bangladesh economy: Report

FE REPORT 2020-11-14 09:53:59

Bangladesh is among top five economies recovering faster as a result of Chinese growth, according to an international publication. The five economies that are dodging bullets of COVID-19 are: China,...

Tax receipts rise minimally in July-Oct

Tax receipts rise minimally in July-Oct

FE REPORT 2020-11-13 10:20:32

Tax revenue collection registered only 1.14 per cent growth in the first four months of the current fiscal year (FY), 2020-21, with Tk 204.45 billion shortfall against the target. The National Board...

Minister believes document verification will boost tax receipt

Minister believes document verification will boost tax receipt

FE REPORT 2020-11-13 10:14:37

Finance minister AHM Mustafa Kamal on Thursday called upon the accountants to maintain transparency and accountability in discharging their professional responsibilities. He said accountants are the...

BB asks banks not to allow non-members in board meet

BB asks banks not to allow non-members in board meet

FE Report 2020-11-13 10:05:11

The central bank has asked all the scheduled banks to prohibit non-members from attending meetings of their board and board committees whatever the circumstance is, officials said. "We've issued the...

Govt adopts 5.2pc inflation target for FY22-23

Govt adopts 5.2pc inflation target for FY22-23

-- 2020-11-12 21:06:26

The Bangladesh government has adopted an inflation target of 5.2 per cent for the 2022-23 fiscal (FY22-23), a move which seems to be in line with its focus on boosting growth while keeping prices in c...

CSE holds 25th AGM, approves 5.0pc dividend

CSE holds 25th AGM, approves 5.0pc dividend

FE ONLINE REPORT 2020-11-12 18:28:35

The 25th annual general meeting (AGM) of Chittagong Stock Exchange (CSE) was held on Thursday at the CSE Conference hall in Agrabad, Chattogram. The shareholders of the CSE approved a 5.0 per cent ca...

Stocks rebound after choppy trading

Stocks rebound after choppy trading

FE Online Report 2020-11-12 16:30:05

Stocks returned to the green on Thursday, snapping a two-day losing streak, as bargain hunters showed their buying binge on selective issues based on corporate declarations. DSEX, the key index of...

Fortune Shoes declares 10pc divided

Fortune Shoes declares 10pc divided

FE ONLINE REPORT 2020-11-12 10:46:34

The board of directors of Fortune Shoes has recommended 5.0 per cent cash (excluding sponsors & directors) and 5.0 per cent stock dividend for all the shareholders for the year ended on June 30, 2...

Pandemic slows Bangladesh's development spending

Pandemic slows Bangladesh's development spending

FHM HUMAYAN KABIR 2020-11-12 10:15:26

The Covid-19 pandemic seriously affected the development project execution by the relevant government agencies during July-October period of the fiscal year (FY) 2020-21, officials said on Wednesday....

VAT online project awaits yet another extension

VAT online project awaits yet another extension

DOULOT AKTER MALA 2020-11-12 09:51:27

The government may extend the much-talked-about VAT Online Project (VOP) by another six months to June 30, 2021, as some of its key components are unlikely to be implemented with the December 31 deadl...