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The Financial Express

Search results for: bangladesh

Internal revenue collection: 2.73pc negative growth in March

Internal revenue collection: 2.73pc negative growth in March

Doulot Akter Mala 2020-04-28 09:04:07

The economic downturn due to COVID-19 has severely affected the country's internal revenue collection that posted 2.73-per cent negative growth in March 2020. During the period under review, the Nati...

Interest rate on farm loans now 4pc

Interest rate on farm loans now 4pc

-- 2020-04-27 19:21:51

Bangladesh Bank has lowered the interest rate on agricultural loans to four per cent from nine per cent and the new rate will continue until June 30, 2021. The central bank will provide the remaining...

BB announces Tk 100b lending scheme for SMEs

BB announces Tk 100b lending scheme for SMEs

-- 2020-04-27 16:48:06

The Bangladesh Bank has announced a Tk 100 billion refinancing fund to provide working capital for small and medium-sized enterprises (SMEs) affected by the nationwide shutdown over the coronavirus ou...

MTBians donate one-day salary   

MTBians donate one-day salary  

FE Online Desk 2020-04-27 14:30:52

Employees of Mutual Trust Bank Limited (MTB) have donated their one-day salary for the people in need, who have been suffering during the nationwide shutdown due to the coronavirus pandemic and to h...

Foreign funds in stocks keep falling

Foreign funds in stocks keep falling

Babul Barman 2020-04-27 09:22:01

Net foreign investment in the Dhaka bourse has been on a downward trend for the last one year as the overseas investors continued to pull out their fund amid prolonged bearish market trend. The forei...

Exchange rate: Bafeda steps in to halt abnormal quoting

Exchange rate: Bafeda steps in to halt abnormal quoting

SIDDIQUE ISLAM 2020-04-27 09:03:01

Foreign currency dealers have requested its member banks to maintain a benchmark for quoting exchange rates to the overseas firms engaged in remitting money to the country. The Bangladesh Foreign Exc...

Virus may force auditors to modify financial statements

Virus may force auditors to modify financial statements

Jasim Uddin Haroon 2020-04-27 08:47:11

New challenges have emerged in preparing financial statements for business entities in the aftermath of COVID 19. The auditors, in a report submitted to the Financial Reporting Council (FRC) recently...

Mobile-based app should be strengthened for trading, say experts

Mobile-based app should be strengthened for trading, say experts

Mohammad Mufazzal 2020-04-26 11:52:55

Number of mobile app users still remains very insignificant compared to total number of BO (beneficiary owner's) accounts as the exchanges' promotional activities were not sufficient to make the app p...

Economists suggest taking advice from health experts on reopening of different sectors

Economists suggest taking advice from health experts on reopening of different sectors

Mir Mostafizur Rahaman 2020-04-26 09:07:40

The first one month of the ongoing lockdown that ends today (Sunday) has already affected the country's economy seriously. The Health Economics Department estimates the loss during the first one mont...

Export-oriented factories must be opened up slowly maintaining health protocol

Export-oriented factories must be opened up slowly maintaining health protocol

FE Online Desk 2020-04-25 21:06:46

Prime Minister Sheikh Hasina’s private sector adviser Salman F Rahman said Saturday to save the economy the country’s export-oriented factories must be opened up slowly by maintaining nece...

Most MNCs see surge in 2019 earnings

Most MNCs see surge in 2019 earnings

Babul Barman    2020-04-25 09:23:57

Earnings of the most of the multinational companies listed on the country's stock market rose in 2019 compared to the previous year. Market operators said the multinational companies performed well a...

Brac Bank recommends 15 per cent dividend

Brac Bank recommends 15 per cent dividend

FE Report 2020-04-25 08:55:37

The board of directors of Brac Bank has recommended 7.50 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2019. A meeting of board of directors was held through digit...

SBC introduces crop insurance for haor

SBC introduces crop insurance for haor

JASIM UDDIN HAROON 2020-04-25 08:45:24

The state-owned Sadharan Bima Corporation (SBC) has launched, for the first time, flood index-based crop insurance for haor (wetland) areas. Under a pilot project, the SBC has launched the scheme at...

Coronavirus crisis: Efforts on to get external aid to bankroll higher budget deficit

Coronavirus crisis: Efforts on to get external aid to bankroll higher budget deficit

FHM Humayan Kabir 2020-04-25 08:38:59

The government is frantically looking for external aid to narrow its budget deficit both for the current and next fiscal years due to the adverse impact of coronavirus pandemic, officials say. The Wo...

GP, BRAC launch jt platform to support 0.1m families

GP, BRAC launch jt platform to support 0.1m families

FE Online Desk 2020-04-25 06:38:33

The ongoing social distancing drive and restriction on movement due to the COVID-19 pandemic is taking a toll on people who survive on daily wages and living in extreme poverty. Millions in Bangladesh...

Brac Bank recommends 15pc dividend

Brac Bank recommends 15pc dividend

FE Online Report 2020-04-24 18:29:23

The board of directors of Brac Bank has recommended 7.50 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2019. Due to countrywide lockdown over coronavirus pandemic,...

World Bank projects 22pc fall in remittances

World Bank projects 22pc fall in remittances

FE Report 2020-04-24 12:11:26

Bangladesh's inward remittances might fall by around 22 per cent in 2020 following the ongoing global crisis caused by the COVID-19 pandemic, according to the World Bank (WB). The volume of Banglades...

DSE market cap sheds Tk 328b in three months

DSE market cap sheds Tk 328b in three months

Babul Barman 2020-04-24 11:18:38

The market capitalisation of Dhaka Stock Exchange lost Tk 328 billion in just three months of the year as the Covid-19 pandemic wreaked havoc on stocks. The total market cap of the prime bourse was...

BATB announces 400pc cash dividend

BATB announces 400pc cash dividend

FE ONLINE DESK 2020-04-24 11:13:36

The 47th Annual General Meeting (AGM) of British American Tobacco Bangladesh Company Limited (BAT Bangladesh) was held on Wednesday, said a statement. To avoid public gathering during drastic times o...

Less important projects won't get budget money

Less important projects won't get budget money

FE RPORT 2020-04-24 09:01:29

The finance ministry has asked all ministries and divisions not to allocate funds for the less-important development projects as a portion will be diverted to the more important sectors amid consideri...

Marginalised people ‘at risk of famine’

Marginalised people ‘at risk of famine’

FE Report 2020-04-24 08:53:34

Marginalised people in hard-to-reach areas like char, haor, coastal and hilly areas are at risk of famine as they remain out of the relief activities and social awareness campaign during the COVID-19...

IFC holds dialogue on textile sector recovery in post-pandemic Bangladesh

IFC holds dialogue on textile sector recovery in post-pandemic Bangladesh

FE Online Desk 2020-04-23 22:06:36

  IFC, a member of the World Bank Group, brought together around 40 development partners, global apparel brands, industry representatives and financial intermediaries for a virtual dialogue to a...

Bourses to remain shut until May 5

Bourses to remain shut until May 5

FE Online Report 2020-04-23 19:12:30

The country’s two bourses will remain closed until May 5 as the government further extended the ongoing holidays to contain the spread of deadly coronavirus. The government has further extended...

SCB distributes food among jobless port workers in Sadarghat Terminal

SCB distributes food among jobless port workers in Sadarghat Terminal

FE Online Desk 2020-04-23 19:06:38

Shippers' Council of Bangladesh distributed 500 (five hundred) packets of food items in presence of State Minister for Shipping Khalid Mahmud Chowdhury, MP and BIWTA Chairman Comdr. Golam Sadek among...

BMBA places three proposals

BMBA places three proposals

FE Report 2020-04-23 09:24:43

Bangladesh Merchant Bankers Association (BMBA) has made three proposals including exemption of submitting monthly statements due to closure of the offices of market intermediaries. The BMBA has sub...

BSEC passes five years to finalise rules on MF

BSEC passes five years to finalise rules on MF

Mohammad Mufazzal 2020-04-23 09:19:28

The long-waited amendment to the rules of mutual funds (MFs) gathers dust for more than five years since the securities regulator approved the draft rules to bring disciplines in the MF industry. A...

GP revenue sees 3.7pc growth in Q1 of 2020

GP revenue sees 3.7pc growth in Q1 of 2020

FE ONLINE DESK 2020-04-23 09:17:13

Grameenphone Ltd reported total revenues of BDT 36.2 billion for the first quarter of 2020, registering a 3.7 per cent growth from the same period last year. The operator also ended the quarter with...

Kamal rules out fresh rescue package

Kamal rules out fresh rescue package

FHM Humayan Kabir 2020-04-23 08:39:07

Finance minister AHM Mustafa Kamal has said the government has no plan to offer any fresh stimulus package for businesses as they have already got better policy and fiscal supports. "I think the in...

Govt, owners working jointly on how to reopen RMG factories

Govt, owners working jointly on how to reopen RMG factories

FE Online Report 2020-04-23 00:23:22

The government and readymade garment (RMG) factory owners have started working jointly on how to reopen the units phase by phase, sources said. Top government officials and the factory owners discuss...

Move to ensure marketing of milk, egg, poultry products

Move to ensure marketing of milk, egg, poultry products

-- 2020-04-22 17:23:25

Fisheries and Livestock Ministry has taken a move for marketing milk, egg, fish and poultry products produced by marginal farmers and entrepreneurs of the country. The ministry has issued a letter wi...