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The Financial Express

Search results for: bangladesh

Govt's vision-2041 eyes big jump in investment

Govt's vision-2041 eyes big jump in investment

FHM Humayan Kabir 2020-09-10 09:22:13

The government has set a target of raising the gross investment-GDP (Gross Domestic Product) ratio to 46.88 by the year 2041, officials said on Wednesday. The target is 15.13 per cent higher than the...

Bourses break five-day gaining streak

Bourses break five-day gaining streak

FE ONLINE REPORT 2020-09-09 15:43:35

Stocks slipped into the red on Wednesday, snapping a five-day winning streak, as risk-averse investors opted for quick-profit on selective issues. The market opened on upward trend and key index of t...

NBR expects big rise in corporate tax revenue

NBR expects big rise in corporate tax revenue

DOULOT AKTER MALA 2020-09-09 09:25:39

The tax authorities are hopeful about a substantial increase in corporate tax returns this year as they have put in place a number of measures to rope in the tax-evading companies and the companies th...

FM says GCA to be milestone for int'l partnership

FM says GCA to be milestone for int'l partnership

-- 2020-09-08 17:41:20

Foreign Minister Dr AK Abdul Momen on Tuesday said the South Asian Regional Center of Global Center on Adaptation (GCA) in Dhaka will be a milestone for international partnership. He said after the d...

DSEX reaches nearly one-year high

DSEX reaches nearly one-year high

FE ONLINE REPORT 2020-09-08 15:56:51

Stocks extended the gaining streak for the fifth straight sessions on Tuesday as investors continued their buying spree buoyed by the regulatory moves to restore discipline in the capital market. DSE...

Stocks post marginal gains at open

Stocks post marginal gains at open

FE ONLINE REPORT 2020-09-08 11:13:17

Stocks witnessed a positive trend in the early trading on Tuesday as bargain hunters were showing their buying binge amid gradual economic rebound. Following the past four days’ positive ending...

CDBL yet to receive BO fee from 87 brokerage firms

CDBL yet to receive BO fee from 87 brokerage firms

Mohammad Mufazzal 2020-09-08 10:15:42

Many brokerage firms are not paying the dues of government, securities regulatory and depository authority despite the firms realise BO (beneficiary owner's) account maintenance fees from their client...

PPP Office to trim non-viable projects

PPP Office to trim non-viable projects

Munima Sultana 2020-09-08 10:06:14

Public-Private Partnership Authority (PPPA) is going to cut its projects from the pipeline finding many are neither bankable nor marketable. Officials said since the authority has already developed a...

Vision paper scales back growth target

Vision paper scales back growth target

FHM HUMAYAN KABIR 2020-09-08 09:49:53

The government has shifted from its earlier stance of achieving double-digit economic growth to a more realistic approach in the newly-devised vision paper by FY2041, analysts said on Saturday. Yet,...

Bangladesh revises eligibility for investment in WEBs

Bangladesh revises eligibility for investment in WEBs

FE REPORT 2020-09-08 09:49:53

The central bank has revised the eligibility for purchasing wage-earner bonds (WEBs) in a move that could frustrate many potential investors. A notice issued on Monday said Bangladeshi people, who...

Sales of govt savings tools nosedive in July

Sales of govt savings tools nosedive in July

Arafat Ara 2020-09-08 09:31:59

After a sudden increase in June, net sales of the state-owned savings instruments dropped drastically in July, the first month of the current fiscal year (FY), 2020-21, according to official data. Th...

Beximco Synthetic’s share trading suspended from Tuesday

Beximco Synthetic’s share trading suspended from Tuesday

FE ONLINE REPORT 2020-09-08 00:38:44

The stock market regulator has asked the bourses to suspend the share trading of Beximco Synthetics from Tuesday (September 8) as the company applied for delisting from the stock market. Bangladesh S...

Stocks post marginal gain amid choppy trading

Stocks post marginal gain amid choppy trading

FE ONLINE REPORT 2020-09-07 15:40:45

Stocks posted a marginal gain on Monday amid choppy trading as investors were active on both sides of the trading fence throughout the session. DSEX, the prime index of the DSE, went up by 10.61 poin...

CSE revises CSE-50 Index, effective from Sept 20

CSE revises CSE-50 Index, effective from Sept 20

FE ONLINE REPORT 2020-09-07 13:16:06

The Chittagong Stock Exchange has revised its CSE-50 Index on the basis of performance of the listed companies. The new index will be effective from September 20. The port city’s bourse reviews...

Padma Oil inks business deal with Beximco LPG Unit-1

Padma Oil inks business deal with Beximco LPG Unit-1

FE ONLINE REPORT 2020-09-07 11:37:12

The state-owned petroleum distributor Padma Oil Company has signed an agreement with Beximco LPG Unit-1 to sell liquefied petroleum gas (LPG). Under the agreement, Padma Oil will sell the LPG by esta...

Stocks see positive trading at opening

Stocks see positive trading at opening

FE ONLINE REPORT 2020-09-07 10:57:25

Prices of most of the shares on the bourses witnessed an upward trend on Monday as optimistic investors continued their buying binge buoyed by investors’ optimism amid gradual economic rebound....

Enhancing transparency: BSEC issues new decree on MFs' disclosure

Enhancing transparency: BSEC issues new decree on MFs' disclosure

FE REPORT 2020-09-07 10:22:20

The securities regulator has issued a new directive on financial reporting and disclosure of mutual funds (MFs) and asset managers to enhance transparency in disclosure for the interest of investors a...

Tax, stock performance not compatible with economic growth

Tax, stock performance not compatible with economic growth

FE REPORT 2020-09-07 09:38:56

The government is trying to address two big contradictions in the economy - low tax-to-GDP ratio and stock market capitalisation-to- GDP ratio, advisor to the Prime Minister on private industry and in...

Private banks to be given treasury responsibilities

Private banks to be given treasury responsibilities

SYFUL ISLAM 2020-09-07 09:19:18

The government is set to allow all banks to carry out treasury activities in places in an attempt to expand such services in the countryside, officials say. If and when implemented, the move will bri...

Bourses keep gaining riding on regulatory moves

Bourses keep gaining riding on regulatory moves

FE ONLINE REPORT 2020-09-06 15:47:22

Stocks extended the gaining streak on Sunday as enthusiastic investors continued their buying binge on sector-wise issues riding on regulatory moves to restore discipline in the country’s capita...

Energypac Power’s share bidding to open Sept 21

Energypac Power’s share bidding to open Sept 21

FE Online Report 2020-09-06 15:40:47

The bidding for eligible investors (EIs) to discover the cut-off price of shares of Energypac Power Generation Ltd will commence from September 21 at 5:00pm. The power generation company’s shar...

Rupali Bank AGM approves ‘no’ divined

Rupali Bank AGM approves ‘no’ divined

FE ONLINE REPORT 2020-09-06 12:21:26

The shareholders of Rupali Bank Ltd approved ‘no’ dividend for the year ended on December 31, 2019 in its 34th annual general meeting (AGM) held on Thursday. The board of directors of the...

Janata Insurance declares 10pc cash dividend

Janata Insurance declares 10pc cash dividend

FE Online Report 2020-09-06 10:58:39

The board of directors of Janata Insurance Company Ltd has recommended a 10 per cent cash dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the ann...

Walton Hi-Tech to hold IPO lottery draw today

Walton Hi-Tech to hold IPO lottery draw today

FE REPORT 2020-09-06 10:46:28

Walton Hi-Tech Industries is set to hold IPO (initial public offering) lottery draw today (Sunday), aiming to allocate 1.55 million IPO shares among the successful applicants. The lottery draw will b...

Mutual funds' values of assets mark rise

Mutual funds' values of assets mark rise

Mohammad Mufazzal 2020-09-06 10:44:05

Values of assets managed under the portfolios of listed mutual funds (MFs) rose moderately on the basis of market price in last three months following surge of the share prices of many companies. Net...

Budget implementation: Ministries asked to submit plans by Sept 07

Budget implementation: Ministries asked to submit plans by Sept 07

FE REPORT 2020-09-06 10:23:48

The government has asked its ministries/divisions to submit their budget implementation plans within September 07, 2020 with a view to reviewing the trends in revenue receipts and expenditures against...

Subscription of Associated Oxygen begins September 10

Subscription of Associated Oxygen begins September 10

FE REPORT 2020-09-05 10:38:14

The initial public offering (IPO) subscription of Associated Oxygen Ltd will begin on September 10, aiming to raise Tk 150 million from the capital market. The IPO subscription for shares of the co...

State banks cheer as SoEs'outstanding loans fall slightly

State banks cheer as SoEs'outstanding loans fall slightly

FE REPORT 2020-09-05 09:57:35

The outstanding and classified loans of state-owned enterprises (SoEs) to the public sector banks declined slightly in July compared to June, officials have said. At the end of July, the SoEs owed...

Modern slavery risks surge in Asia manufacturing hubs

Modern slavery risks surge in Asia manufacturing hubs

-- 2020-09-04 12:32:10

The risk of modern slavery in Asian manufacturing hubs has surged and is set to worsen with the economic impact of the new coronavirus, increased labour rights violations and poor law enforcement, a g...

BSEC fines three stockbrokers for violating rules

BSEC fines three stockbrokers for violating rules

FE REPORT 2020-09-04 10:03:55

The stock market regulator has fined three stockbrokers and the chairman and a director of Fareast Finance & Investment for breaching securities rules. The securities regulator has also banned RN...