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The Financial Express

Search results for: bangladesh

Govt endorses seven projects worth Tk 30.75b

Govt endorses seven projects worth Tk 30.75b

FE Online Report 2020-07-28 15:56:57

The government on Tuesday in Dhaka endorsed seven development projects at a combine cost of Tk 30.75 billion. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the Nationa...

Stocks stay afloat amid optimism

Stocks stay afloat amid optimism

FE ONLINE REPORT 2020-07-28 15:33:26

Stocks kept the gaining streak for the fourth straight sessions on Tuesday as the optimistic investors continued their buying interest on selective large-cap issues amid optimism. DSEX, the key index...

Reckitt Benckiser's profit jumps 53pc in Q2

Reckitt Benckiser's profit jumps 53pc in Q2

FE REPORT 2020-07-28 10:04:46

Reckitt Benckiser Bangladesh's profit after tax jumped more than 53 per cent in April-June, 2020 quarter due to strong revenue growth driven by increased demand of personal hygiene products during p...

NBR to introduce automated challan from mid-August

NBR to introduce automated challan from mid-August

DOULOT AKTER MALA 2020-07-28 09:57:11

The National Board of Revenue (NBR) is set to launch an automated challan system for income taxpayers from mid-August in a bid to check submission of fake challan. The NBR and Finance Division will j...

IPDC's net profit after tax rises in the first half of the year

IPDC's net profit after tax rises in the first half of the year

FE DESK REPORT 2020-07-28 09:55:10

After setting aside adequate provisioning due to difficult times ahead, IPDC Finance registered a net profit after tax of Tk. 316 million in the first half of the year 2020, which is one per cent high...

BB releases monetary policy tomorrow

BB releases monetary policy tomorrow

SIDDIQUE ISLAM 2020-07-28 09:38:58

The central bank unveils its monetary policy for this fiscal year tomorrow (Wednesday) aiming to help revamp the economic activities through the implementation of stimulus packages. Bangladesh Bank w...

Post-Covid business: Govt updating laws to snare foreign investors

Post-Covid business: Govt updating laws to snare foreign investors

SYFUL ISLAM 2020-07-28 09:29:52

The government is streamlining five laws as part of its efforts to attract foreign direct investment or FDI, which may shift in the post-pandemic era, officials have said. The laws are the Foreign Ex...

Japan to dispense $1.0b in budget aid

Japan to dispense $1.0b in budget aid

FHM Humayan Kabir 2020-07-28 09:17:53

Bangladesh for the first time is expected to secure US$1.0 billion worth of budget support from Japan next week. The support would help the government weather the impact of the COVID-19 on the econom...

Stocks keep gaining amid optimism

Stocks keep gaining amid optimism

FE ONLINE REPORT 2020-07-27 15:26:16

Stocks kept the gaining streak for the two consecutive sessions on Monday as the buoyant investors continued their appetite on large-cap issues amid optimism. DSEX, the key index of the Dhaka Stock...

Stocks witness positive trend at open

Stocks witness positive trend at open

FE ONLINE REPORT 2020-07-27 11:47:59

Stocks witnessed a positive trend in the early trading on Monday as optimistic investors continued buying shares in the hope of improvement in economic activities. Within 30 minutes of trading, DSEX,...

National Housing holds 218th board meeting

National Housing holds 218th board meeting

FE DESK REPORT 2020-07-27 10:01:39

The 218th Board of Directors Meeting of National Housing Finance and Investments Limited was held on Thursday through virtual platform, said a statement. The Board of Directors reviewed and approved...

BSEC chief puts thrust on high quality financial statements

BSEC chief puts thrust on high quality financial statements

FE DESK REPORT 2020-07-27 09:52:30

BSEC chairman Professor Shibli Rubayat-Ul-Islam said inclusion of professional cost and management accountants in relevant sectors would be better for the stock market development of Bangladesh. "Pro...

Call to remove barriers to listings

Call to remove barriers to listings

FE REPORT 2020-07-27 09:31:52

Market intermediaries said the obstacles that hinder the listing of good local and multinational companies (MNCs) should be removed to enhance the depth of the country's capital market. They laid imp...

Transshipment with neighbours: NBR readies procedures

Transshipment with neighbours: NBR readies procedures

DOULOTAKTER MALA and SYFUL ISLAM 2020-07-27 09:22:48

Bangladesh is set to work out a comprehensive procedure to conduct transshipment of goods with India, Nepal and Bhutan on three routes -- sea, land and air. Following the recent kick-off of the Indo-...

DSEX exceeds 4,100-mark after five months

DSEX exceeds 4,100-mark after five months

FE ONLINE REPORT 2020-07-26 16:39:25

Stocks soared on Sunday with key index of the prime bourse hitting nearly five months high as the investors showed their appetite on the expectation of improving economic activities. DSEX, the key in...

Bourses begin week on positive note

Bourses begin week on positive note

FE ONLINE REPORT 2020-07-26 11:52:42

Stocks witnessed a positive trend in early trading on Sunday as optimistic investors continued to buy shares on the expectation of improved economic activities. Within 30 minutes of trading, DSEX adv...

Pragati Ins, National Housing Finance declare dividend

Pragati Ins, National Housing Finance declare dividend

FE ONLINE REPORT 2020-07-26 11:25:42

Two more listed companies- Pragati Insurance and National Housing Finance, and Investments have recommended dividends for the year ended on December 31, 2019, according to official disclosures on Sund...

Sonali Paper trading resumes today

Sonali Paper trading resumes today

FE Report 2020-07-26 10:28:43

The share trading of Sonali Paper & Board Mills will resume today (Sunday) as the securities regulator has approved the company's re-listing with the stock exchanges. The company's share trading...

BSEC cautious about Robi's IPO approval

BSEC cautious about Robi's IPO approval

Mohammad Mufazzal 2020-07-26 10:17:49

The securities regulator is likely to approve the IPO (initial public offering) proposal of the country's second largest mobile operator Robi Axiata streamlining its demands in line with the existing...

Uncertain policy deters FDI, experts tell virtual dialogue

Uncertain policy deters FDI, experts tell virtual dialogue

FE REPORT 2020-07-26 10:12:20

Speakers at a dialogue have identified policy uncertainty and unpredictability as the key impediment to attracting increased foreign direct investments in the country. They said the lack of coordinat...

BR fails to prove its mettle

BR fails to prove its mettle

FHM HUMAYAN KABIR 2020-07-26 10:08:27

The Bangladesh Railway (BR) was the worst performer among the large government agencies in the last fiscal as it could spend less than 60 per cent of its total allocations, officials say. Insiders sa...

Defer graduation from LDC club to tap trade benefits

Defer graduation from LDC club to tap trade benefits

FE REPORT 2020-07-26 09:36:15

Bangladesh should defer the LDC graduation process considering the adverse impact of COVID-19 pandemic that has already turned the economy upside down, economists and business leaders said on Saturday...

BB orders banks to postpone loan recovery from flood-hit farmers

BB orders banks to postpone loan recovery from flood-hit farmers

-- 2020-07-24 18:09:58

Bangladesh Bank has ordered all banks to postpone recovery of loans from flood-hit farmers until the situation improves. The central bank has also ordered disbursement of new farm loans readjusting d...

8th Five Year Plan: COVID-19 forces govt to alter its approach

8th Five Year Plan: COVID-19 forces govt to alter its approach

-- 2020-07-24 16:56:53

The government is going to change the main macroeconomic structure of the 8th Five Year Plan to protect people amid the fast-changing scenario in Bangladesh economy due to COVID-19 crisis. The Planni...

Marico Bangladesh declares 300pc interim cash dividend

Marico Bangladesh declares 300pc interim cash dividend

FE REPORT 2020-07-24 10:37:00

Marico Bangladesh, a fast-moving consumer goods multinational company, has declared 300 per cent interim cash dividend for April-June, 2020 quarter. The board of directors of the company in a virtual...

Financial parameters of LafargeHolcim rise in H1

Financial parameters of LafargeHolcim rise in H1

 FE DESK REPORT 2020-07-24 10:32:49

LafargeHolcim Bangladesh posted a positive growth in earnings per share for H1, a 6.0 per cent up. The Company achieved profit after tax (PAT) of BDT 843 million, up from BDT 794 million of the same...

NBR to go after VAT dodgers

NBR to go after VAT dodgers

DOULOT AKTER MALA 2020-07-24 10:24:07

The revenue board has instructed taxmen to detect the companies, which evade VAT by declaring the supply of goods to local projects to be exports. A number of big companies are taking this undue VAT...

Covid cost BD economy $21b in FY'20

Covid cost BD economy $21b in FY'20

FE REPORT 2020-07-24 09:22:34

The Covid-19 losses for Bangladesh's economy might have reached between US$9.0 billion and US$21 billion in the just-concluded fiscal year, an economist said on Thursday. However, the country can off...

Stocks edge up after single-day break

Stocks edge up after single-day break

FE ONLINE REPORT 2020-07-23 16:21:33

Stocks posted a modest gain on Thursday, after a single-day break, as bargain hunters showed their appetite on major sectors’ issues at the lowest possible prices. DSEX, the key index of the Dh...

Economy to bounce back at year's end: Commerce minister

Economy to bounce back at year's end: Commerce minister

-- 2020-07-23 15:26:15

Commerce minister Tipu Munshi on Thursday hoped that the economy of the country will bounce back at the end of the year as some export products start seeing good demand in the global market amid the C...