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The Financial Express

Search results for: bangladesh

DSEX touches 4,000-mark in early trading

DSEX touches 4,000-mark in early trading

FE ONLINE REPORT 2020-07-07 10:55:16

Stocks witnessed an upward trend in early trading on Tuesday as optimistic investors went on buying binge at the lowest possible prices riding on the regulatory move for ensuring mandatory shareholdin...

BR executes 57pc of ADP in FY '20

BR executes 57pc of ADP in FY '20

MUNIMA SULTANA 2020-07-07 09:43:59

Bangladesh Railway (BR) has implemented only 57.39 per cent of the Annual Development Programme (ADB) in the just concluded fiscal year (FY 2019-20). It could spend only Tk 58.82 billion till June th...

China requests BD to ensure virus-free food export

China requests BD to ensure virus-free food export

REZAUL KARIM 2020-07-07 09:34:55

China has requested Bangladesh to take adequate safety measures for ensuring that the food items being exported from Bangladesh to China remains free from contamination of coronavirus, officials said....

Tax receipt posts negative growth

Tax receipt posts negative growth

Doulot Akter Mala 2020-07-07 09:23:11

Tax collection fell into negative territory in the just-concluded fiscal year due to, what officials described, economic disruptions caused by the Covid-19 pandemic. Tax receipt by the National Board...

PM suggests using forex reserve to finance development projects

PM suggests using forex reserve to finance development projects

-- 2020-07-06 23:11:14

Prime Minister Sheikh Hasina directed the authorities concerned to explore ways to channel funds from the country’s record-high foreign exchange reserves in the form of credit to finance the dev...

Boro farmers report 40pc deficit between actual and expected profit

Boro farmers report 40pc deficit between actual and expected profit

-- 2020-07-06 22:29:44

Farmers who cultivated Boro paddy this year reported a 40 per cent deficit on average between their actual and projected profit amid COVID-19 pandemic, according to a survey. The Brac Institute of Go...

BB removes ONE Bank chairman over loan delinquency

BB removes ONE Bank chairman over loan delinquency

-- 2020-07-06 20:26:15

Bangladesh Bank has removed ONE Bank Chairman Sayeed Hossain Chowdhury over bad loans tied to one of his companies. The episode of delinquency stems from his loans from Standard Bank. The loans borr...

Three highways set to be overhauled in current fiscal

Three highways set to be overhauled in current fiscal

-- 2020-07-06 18:40:55

Three highways will be upgraded into four-lane ones in the current fiscal (FY21) aiming to improve the national transport system and infrastructures for better road communications across the country....

Inflation up in June

Inflation up in June

FE Online Report 2020-07-06 16:52:57

The point-to-point inflation rate in last month June increased by 0.67 percentage points to 6.02 per cent due to significant rise of the food inflation, official data showed. In May, the rate of infl...

Stocks rebound amid rising turnover

Stocks rebound amid rising turnover

FE ONLINE REPORT 2020-07-06 14:32:09

Stocks rebounded on Monday with soaring turnover as some investors went on buying binge riding on the regulatory move for ensuring mandatory shareholding rules. The stock market regulator has asked 6...

BSEC gets tough on minimum shareholding

BSEC gets tough on minimum shareholding

FE ONLINE REPORT 2020-07-06 12:04:23

The stock market regulator has asked 61 directors of 22 listed companies to ensure a minimum 2.0 per cent shares in their own companies within 45 days to continue their directorship. The Bangladesh S...

Stocks down at opening on DSE, CSE

Stocks down at opening on DSE, CSE

FE ONLINE REPORT 2020-07-06 11:09:29

Stocks witnessed a downward trend in early trading on Monday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minut...

Phoenix Insurance, Phoenix Finance declare dividend 

Phoenix Insurance, Phoenix Finance declare dividend 

FE ONLINE REPORT 2020-07-06 10:44:01

The board of directors of Phoenix Insurance Company, and Phoenix Finance & Investment have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures...

BSEC moves to formulate transaction rules for perpetual bonds

BSEC moves to formulate transaction rules for perpetual bonds

FE Report 2020-07-06 10:10:48

The securities regulator has moved to formulate rules for transactions of all perpetual bonds through the main trading platforms of the stock exchanges. The Bangladesh Securities and Exchange Commi...

New container line opens between Ctg, Kolkata ports

New container line opens between Ctg, Kolkata ports

FE REPORT 2020-07-06 09:48:59

A new container line has started operating between Chattogram and Kolkata seaports in a significant move to boost Indo-Bangladesh trade. The vessel,Harmann Schepper, left the Ctgport on Thursday la...

Stakeholders divided on PPP-run jute mills

Stakeholders divided on PPP-run jute mills

-- 2020-07-05 16:26:56

The government's plans to revitalise the flagging jute sector through public-private partnerships have been met with scepticism from stakeholders in the industry. It came after the government announc...

Stocks edge down amid low turnover

Stocks edge down amid low turnover

FE ONLINE REPORT 2020-07-05 14:06:48

Stocks edged lower on Sunday as investors remained cautious amid ongoing pandemic situation and floor price limitation. DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 5.21 points...

Four insurers declare dividend 

Four insurers declare dividend 

FE ONLINE REPORT 2020-07-05 11:27:38

The board of directors of four insurance companies have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures on Sunday. The companies are-- Eastlan...

Bourses see downward trend at opening

Bourses see downward trend at opening

FE ONLINE REPORT 2020-07-05 11:01:05

Stocks saw a downward trend in early trading on Sunday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minutes of...

Dhaka requests Kathmandu to conclude negotiations on PTA

Dhaka requests Kathmandu to conclude negotiations on PTA

FE Report 2020-07-05 10:33:52

Bangladesh has requested Nepal to conclude discussion son signing of preferential trade agreement (PTA) in the shortest possible time, officials said. In this regard, the commerce secretary of Bang...

Call for new skills to meet post-Covid needs

Call for new skills to meet post-Covid needs

FE REPORT 2020-07-05 10:27:56

Speakers in a webinar on Saturday suggested the authorities concerned act fast to develop new skill sets among the workforce to tap potential investment in the post-COVID era. As countries like the U...

RMG exports to US drop 12pc

RMG exports to US drop 12pc

Monira Munni 2020-07-05 09:42:38

The country's apparel exports to the United States fell by 12.10 per cent during the first five months of the current calendar year due to the ongoing Covid-19 pandemic, exporters have said. Banglade...

ADP for FY 2020-21: Unapproved projects are there again

ADP for FY 2020-21: Unapproved projects are there again

FHM Humayan Kabir 2020-07-05 09:36:49

The coronavirus impact has failed to restrict public agencies from the race for including unapproved projects in the current development programme as nearly 1,450 have been added to tally. An FE anal...

Demand for COVID-19 aid drops

Demand for COVID-19 aid drops

-- 2020-07-04 17:11:54

The demand for aid has dropped as the coronavirus-hit unemployment was curbed by the resumption of economic activities around the country. State Minister for Disaster Management and Relief Md Enamur...

Ctg Customs House misses FY '20 tax collection target

Ctg Customs House misses FY '20 tax collection target

 Nazimuddin Shyamol 2020-07-04 10:22:15

The Chittagong Customs House (CCH) has failed to achieve the target of collection of taxes in the just-ended fiscal year (2019-20). Last year, the National Board of Revenue (NBR) fixed a Tk 582.98-bi...

Weekly review: DSE turnover sees exponential rise

Weekly review: DSE turnover sees exponential rise

-- 2020-07-04 10:10:14

Stocks posted a modest gain in the outgoing week with turnover hitting nine years high thanks to huge block transactions of GlaxoSmithKline Bangladesh shares. Week-on-week, DSEX, the key index of the...

BO accounts decline 9.0pc in outgoing fiscal year

BO accounts decline 9.0pc in outgoing fiscal year

Babul Barman 2020-07-04 09:58:19

The number of beneficiary owners' (BO) accounts dropped 9.10 per cent in the outgoing fiscal year (FY) 2019-20 due to non-payment of annual renewal fees, strict regulatory move and depressed capital...

Container growth slows in FY'20

Container growth slows in FY'20

JASIM UDDIN HAROON 2020-07-04 09:33:44

The growth in container handling at the country's prime sea port of Chittagong slowed down to nearly 3.0 per cent in the just-concluded fiscal year due to poor shipment. This is provisional statistic...

Bangladesh gearing up for new era of taxation

Bangladesh gearing up for new era of taxation

-- 2020-07-03 21:31:47

The government has chalked out a series of programmes to enter a new era of taxation from FY 2020-21 in the run-up to achieving Vision 2041 and reaching the Sustainable Development Goals 2030. "We mu...

FDI continues to plummet amid coronavirus crisis

FDI continues to plummet amid coronavirus crisis

-- 2020-07-03 21:14:40

The flow of foreign direct investment (FDI) into Bangladesh has continued to plummet amid the coronavirus crisis after FDI dropped by over 50 per cent in 2019 from the previous year. FDI dropped by 1...