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The Financial Express

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Kohinoor, Orion Pharma, Orion Infusion disclose Q3 earnings

Kohinoor, Orion Pharma, Orion Infusion disclose Q3 earnings

FE Report 2020-05-23 10:11:35

Three more pharma & chemicals sector companies - Kohinoor Chemical, Orion Pharma and Orion Infusion- disclosed their third quarter (Q3) earnings for January-March, 2020 period. The companies' ear...

Linde Bangladesh's profit up 11pc in first quarter

Linde Bangladesh's profit up 11pc in first quarter

FE Report 2020-05-23 10:07:53

Linde Bangladesh's net profit rose nearly 11 per cent year-on-year in the first quarter (Q1) for January-March, 2020 driven by higher income. However, the company's net operating cash flow per share...

Non-bank debts halve on NSC sales slump

Non-bank debts halve on NSC sales slump

Siddique Islam 2020-05-23 09:21:44

The government has slashed its non-bank borrowing target by half to Tk 150 billion to finance the budget deficit of the current fiscal year ending on June 30, officials said. The government's net non...

Agriculture sector should get priority in next budget: Speakers

Agriculture sector should get priority in next budget: Speakers

FE Online Desk 2020-05-22 23:31:04

Speakers at a virtual seminar have demanded to prioritise agriculture sector in the budget of 2020-21 fiscal year to minimise the economic impact during post-pandemic period. They also said the gover...

'Long-term financing should be ensured through capital mkt'

'Long-term financing should be ensured through capital mkt'

Mohammad Mufazzal 2020-05-22 10:28:26

The country's capital market has considerable opportunities to overcome the impacts of the COVID-19. In that case, potential policy measures will have to be adopted to increase investors' participati...

Govt takes up Tk 70b project to create self-employment

Govt takes up Tk 70b project to create self-employment

-- 2020-05-22 10:10:22

The youth and sports ministry has taken up a Tk 70 billion project to create self-employment and alleviate poverty. It aims at making the huge portion of the population, who have left the cities due...

NCC Bank's EPS jumps 110pc in Q1

NCC Bank's EPS jumps 110pc in Q1

FE Report 2020-05-22 10:04:20

National Credit and Commerce Bank's consolidated earnings per share jumped 110 per cent year-on-year in the first quarter (Q1) for January-March, 2020 despite ongoing Covid-19 pandemic. The board of...

Thrust on giving priority to health sector in next budget

Thrust on giving priority to health sector in next budget

FE Report 2020-05-22 09:56:01

Speakers at a virtual seminar on Thursday stressed the need for giving priority to the health sector in the budget for fiscal year 2020-21 and utilising allocation properly to revive the coronavirus-r...

Amphan ravages Rajshahi mango hub

Amphan ravages Rajshahi mango hub

FHM Humayan Kabir 2020-05-22 09:49:35

The cyclone Amphan has dealt a body blow for mango farmers in the Rajshahi region, already reeling under the coronavirus outbreak, victims and officials said on Thursday. The very severe storm that p...

PRAN-RFL distributes relief among another 11 thousand families

PRAN-RFL distributes relief among another 11 thousand families

FE Online Desk 2020-05-21 23:18:35

PRAN-RFL Group, one of the leading conglomerates of Bangladesh is distributing food items to more than 11 thousand poor families across the country. The organization has started food distribution in t...

Lawmakers recommend protection of bidi industry, slashing taxes in budget

Lawmakers recommend protection of bidi industry, slashing taxes in budget

FE ONLINE REPORT 2020-05-21 18:40:24

More than 50 lawmakers from different areas of the country have submitted demi official (DO) letters to the Prime Minister and the National Board of Revenue (NBR) recommending reduction of existing ta...

CBP holds Pre-Budget Virtual Dialogue 2020

CBP holds Pre-Budget Virtual Dialogue 2020

-- 2020-05-21 18:24:40

The Centre on Budget and Policy (CBP), University of Dhaka, recently held a virtual dialogue, titled ‘Pre-Budget Virtual Dialogue 2020’ on the upcoming budget amid the COVID-19 crisis. D...

Many RMG units remain shut for lack of work orders

Many RMG units remain shut for lack of work orders

FE ONLINE REPORT 2020-05-21 15:35:10

A significant number of garment factories remained closed for the last two months since March due to shortage of work orders followed by the ongoing coronavirus pandemic, industry insiders said. Many...

Inter-bank call rate stable before Eid amid BB's support

Inter-bank call rate stable before Eid amid BB's support

Siddique Islam 2020-05-21 10:45:43

The inter-bank call money rate remained almost stable on Wednesday, the last working day before the Eid vacation, despite higher cash withdrawal from banks, bankers said. The weighted average rate (W...

Govt focuses on incentive plan to attract relocating businesses

Govt focuses on incentive plan to attract relocating businesses

-- 2020-05-21 10:42:59

The government has decided to devise a strategic plan on incentives and other benefits to be offered to prospective foreign investors who will relocate their businesses to Bangladesh in the post-Covid...

IPO subscription of Express Insurance delayed further

IPO subscription of Express Insurance delayed further

FE Report 2020-05-21 10:35:45

The public subscription for Express Insurance shares has been delayed further as the stock market remained shut in line with the government holidays. The government has extended the ongoing shutdow...

Two DU professors join BSEC as commissioners

Two DU professors join BSEC as commissioners

FE Report 2020-05-21 10:31:04

The government has appointed two commissioners at the securities regulator to make the commission functional removing the quorum crisis. The ministry of finance (MoF) confirmed their appointment fo...

Virus throws 22.9pc into poverty: Survey

Virus throws 22.9pc into poverty: Survey

FE Report 2020-05-21 10:04:32

The COVID-19 pandemic has pushed 22.9 per cent people of the country below poverty line apart from officially- recognised 20.5 per cent existing poor, according to a rapid survey report. The report s...

‘It is not possible to shut down tobacco industry in a hurry’

‘It is not possible to shut down tobacco industry in a hurry’

-- 2020-05-20 23:40:08

The Ministry of Industries has said it is not possible to shut down tobacco industry in a hurry without creating awareness. The statement was made in a press release issued on Wednesday by industries...

AIIB approves $250m for BD to fight against COVID-19

AIIB approves $250m for BD to fight against COVID-19

-- 2020-05-20 22:49:40

The Asian Infrastructure Investment Bank (AIIB) has approved $250 million for extending cooperation to Bangladesh government’s utmost efforts for combating Covid-19. “AIIB Board of Direct...

Thrust on new products to minimise investor risks

Thrust on new products to minimise investor risks

FE Report 2020-05-20 10:14:51

The securities regulator will work to restore investors' confidence along with building a strong base of the capital market. Besides, the Bangladesh Securities and Exchange Commission (BSEC) will mai...

Yields on securities rise ahead of Eid

Yields on securities rise ahead of Eid

SIDDIQUE ISLAM 2020-05-20 10:06:38

Yields on the government approved securities increased slightly on Tuesday, as the banks were reluctant to invest their funds in the instruments ahead of the Eid-ul-Fitr. The cut-off yield, general...

ADP spending hits four-year low

ADP spending hits four-year low

FE Report 2020-05-20 09:41:18

The Annual Development Programme (ADP) spending hit four-year low in the first 10 months of the current fiscal year (FY) 2019-20 due to the impact of the coronavirus on the development work, officia...

Relief on the way for Covid-hit taxpayers

Relief on the way for Covid-hit taxpayers

Doulot Akter Mala 2020-05-20 09:19:38

The government is likely to offer a set of tax incentives for both individual and corporate taxpayers, including black money whitening opportunity, in the budget for upcoming fiscal year (FY), 2020-21...

More than 0.6m irregular BD workers risk deportation

More than 0.6m irregular BD workers risk deportation

Arafat Ara 2020-05-20 09:17:31

Thousands of Bangladeshi workers staying abroad without proper documents risk being deported, due in part to coronavirus pandemic in countries that host them, according to insiders in the manpower e...

NRB Bank distributes food support to under-privileged people of Gopalgonj

NRB Bank distributes food support to under-privileged people of Gopalgonj

FE Online Desk 2020-05-19 21:57:17

As part of  Corporate Social Responsibility, NRB Bank Limited has undertaken Essential Food Support Initiative to help families in dire need for food and welfare support under a nationwide shutdo...

Business organisations,  policy think-tank chart out pvt sector dynamism

Business organisations, policy think-tank chart out pvt sector dynamism

FE Online Desk 2020-05-19 19:36:48

Four leading business organizations and a private sector economic policy think tank on Tuesday floated ‘Resurgent Bangladesh’, an initiative to help Bangladesh chart out and execute the re...

NEC approves Tk 2.05t ADP for FY21

NEC approves Tk 2.05t ADP for FY21

-- 2020-05-19 16:57:42

The National Economic Council (NEC) on Tuesday approved the Annual Development Programme (ADP) involving Tk 2.05 trillion for the fiscal year 2020-21 (FY21) with focus on transport, education, health...

MTB, MRDI extend support to corona-affected offshore villagers   

MTB, MRDI extend support to corona-affected offshore villagers  

FE Online Desk 2020-05-19 15:58:36

Corporate sector has been contributing significantly in social development including reducing poverty, fighting disaster and adverse situation. Besides government initiatives, precise use of the CSR f...

CSE team calls on new chairman of BSEC

CSE team calls on new chairman of BSEC

FE Online Desk 2020-05-19 15:11:20

A delegation of Chittagong Stock Exchange (CSE) made a courtesy call on Prof. Shibly Rubaiyatul Islam, the newly-appointed chairman of Bangladesh Securities and Exchange Commission (BSEC) on Monday. M...