Search results for: bangladesh

Shasha Denim’s EPS slumps 66pc in nine months

FE ONLINE REPORT 2020-06-16 12:37:48

The earnings per share (EPS) of Shasha Denim Ltd plunged more than 66 per cent year-on-year in nine months from July, 2019 to March, 2020. The company’s consolidated EPS stood at Tk 1.21 for Ju...

Stocks witness downturn amid thin participation

FE ONLINE REPORT 2020-06-16 11:27:24

Stocks witnessed a downward trend in early trading on Tuesday amid a thin participation of investors as growing tension over the Covid-19 scare and floor price mechanism kept the investors on the side...

Meghna Petroleum’s net profit drops 8.58pc in nine months

FE ONLINE REPORT 2020-06-16 11:11:51

Meghna Petroleum’s net profit after tax fell 8.58 per cent year-on-year in nine months for July, 2019 to March, 2020. The board of directors of the state-run company in a meeting held on Monday...

Internet-based trading in the offing

FE Report 2020-06-16 09:45:44

Country's main bourse has taken a move to launch digital trading considering the safety and security of investors and other market stakeholders as the deadly virus goes virulent across the country. M...

Move to ease burden on small taxpayers

Doulot Akter Mala 2020-06-16 09:35:41

Individual taxpayers with gross assets lower than Tk 4.0 million will not be required to submit wealth statement in tax returns. The Finance Bill-2020, placed in parliament on June 11, has incorpor...

Loan defaulters get Sept lifeline

-- 2020-06-15 22:06:20

Borrowers have been given until September to repay instalments to banks before their loans are classified as bad debts. Bangladesh Bank on Monday issued a circular extending the timeframe during whic...

'Implementing budget bigger challenge during pandemic'

FE Online Report 2020-06-15 20:42:21

Implementing a budget is always challenging, especially during this pandemic, and it is not possible to say yet whether the proposed budget for fiscal year 20-21 reflects the understandings, the aspir...

Stocks extend losses as budget fails to cheer up investors

FE ONLINE REPORT 2020-06-15 15:31:21

Stocks extended the losing streak for the second straight session on Monday as the proposed budget failed to meet investors’ expectations. The growing tension over the Covid-19 pandemic and flo...

Covid-19 pandemic: BAB issues 13-point recommendation for member banks

FE Online Report 2020-06-15 14:59:43

Bangladesh Association of Banks (BAB) has issued a 13-point recommendation, including reduction of salary of its member banks’ staff for the next 18 months. The BAB, a forum of the country&rsqu...

Meghna Cement gets green light to issue preference shares

FE ONLINE REPORT 2020-06-15 12:36:21

Meghna Cement Mills Ltd has said the securities regulator gave it the permission to raise a capital of Tk 1.0 billion through issuance of 100 million preference shares. Redeemable preference shares o...

Stocks open nearly flat amid low turnover

FE Online Report 2020-06-15 11:59:59

Stocks witnessed almost flat in early trading on Monday as the proposed budget failed to meet investors’ expectations. The growing tension over the Covid-19 scares and floor price mechanism als...

ADB okays $100m loan for rural road dev in BD

-- 2020-06-15 10:53:52

The Asian Development Bank (ADB) has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh, connecting the rural population to agricult...

Block transactions allowed below 10pc of floor prices

FE Report 2020-06-15 10:39:45

Stock exchanges have reset the lower price limit for the securities to be traded on block board to enhance turnover value without affecting the broad index. As a result, the prices of listed securiti...

Merchant bankers for unconditional scope

FE Report 2020-06-15 10:33:15

Merchant bankers have made a set of proposals including the reduction of corporate tax for listed companies. Their proposals came following the government's budgetary measures proposed for the fiscal...

NBR expects Tk 110b in additional taxes

Doulot Akter Mala 2020-06-15 09:30:35

Four new fiscal measures, including taxes on cigarettes and mobile phone use, are expected to fetch nearly Tk 110 billion in additional VAT and excise duty in the upcoming fiscal year. The National B...

“Not possible to transform disabled into human resources with allowance oriented budget”

FE Online Report 2020-06-14 22:52:32

Access Bangladesh Foundation on Sunday arranged a virtual meeting on the proposed budget for 20-21 fiscal year. The meeting titled “National Budget 2020-21: Status of persons with disabilities...

Stocks end first post-budget session in red

FE ONLINE REPORT 2020-06-14 15:10:58

Stocks slipped into the red on Sunday in the first post-budget session, as it appears to have failed to have failed to cheer up investors’ confidence. The growing tension over the Covid-19 scar...

Stocks post marginal gain in first post-budget session

FE ONLINE REPORT 2020-06-14 12:26:12

Stocks posted a marginal gain in early trading on Sunday, the first session after the national budget declaration, as investors followed a cautious stance. Finance Minister AHM Mustafa Kamal unveiled...

Covid-19: Dulamia cotton factory shut operations indefinitely

FE Online Report 2020-06-14 12:12:14

The board of directors of Dulamia Cotton Spinning Mills Ltd has decided to shut the operation of the factory for an indefinite period due to the ongoing Covid-19 pandemic. “The board of directo...

Reducing corporate tax for non-listed cos won't benefit the stock market

Mohammad Mufazzal 2020-06-14 11:06:53

Stakeholders have expressed mixed opinion on the budgetary proposal of reducing corporate tax for non-listed companies amid the unchanged rate of the same for listed companies. Most of them said th...

Doubling pvt investment pipe dream: Economists

FHM Humayan Kabir 2020-06-14 09:42:12

The government's goal of doubling private investment as percentage of gross domestic product or GDP, in fiscal year 2020-21 is unrealistic, economists said on Saturday. The government seeks to rais...

Economists question logic behind growth projection

FE REPORT 2020-06-14 09:23:13

A local think-tank Saturday questioned the justification behind setting the economic growth target for the upcoming fiscal at 8.2 per cent. In a virtual post-budget analysis on Saturday, South Asian...

'Invest funds in BD, otherwise leave country forever'

-- 2020-06-13 19:28:50

Finance Minister AHM Mustafa Kamal has said money launderers should leave Bangladesh forever if they do not want to invest the funds in the country. The minister also said the government will toughen...

BD economy suffering triple blow due to COVID-19: IMF

FE ONLINE DESK 2020-06-13 18:21:45

Bangladesh's economic impact due to COVID-19 pandemic has been felt in three main avenues-- a drop in domestic economic activity after announcement of shutdown, a decline in exports of ready-made garm...

Weekly market review: Stocks post modest gain as budget unveiled

Babul Barman 2020-06-13 10:30:49

Stocks posted a marginal gain in the outgoing week as growing tension over the virus scare and the floor price mechanism kept the market almost dull. Week-on-week, DSEX, the key index of the Dhaka St...

Budget not a typical one: Kamal

FE REPORT 2020-06-13 09:35:42

Finance minister AHM Mustafa Kamal on Friday said the government did not think about sources of funds for budget, because it proritised saving lives, amid the pandemic. "… Lives must be saved....

Garment accessory makers demand equal facilities proposed for RMG sector

FE Online Report 2020-06-12 21:02:56

Garment accessories makers have urged the government to provide them with equal budgetary facilities as proposed for the readymade garment (RMG) sector. Bangladesh Garments Accessories and Packaging...

'We will spend first, earn later'

-- 2020-06-12 19:54:09

Finance Minister AHM Mustafa Kamal has said the government did not think about the source of funds for the FY21 budget because saving lives was the top priority amid the coronavirus pandemic. “...

Enforce lockdown to save lives, UO urges govt in budget analysis

FE ONLINE DESK 2020-06-12 16:20:30

As Bangladesh keeps recording an accelerating number of confirmed cases of Covid-19, Unnayan Onneshan (UO), in a budget analysis on Friday, opined that the government should enforce a lockdown, advoca...

Budget ignores pandemic impacts: CPD

FE ONLINE REPORT 2020-06-12 14:04:52

The Centre For Policy Dialogue (CPD), in its budget reaction on Friday, said the proposed budget for the fiscal year 2020-21 (FY21) has largely ignored the impacts of the Covid-19 pandemic. “We...