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The Financial Express

Search results for: bangladesh

Al-Arafah donates Tk 50m to PM Fund

Al-Arafah donates Tk 50m to PM Fund

FE Online Desk 2020-04-05 17:57:43

Al-Arafah Islami Bank Limited has donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund to help the government fight the spreading of corona virus. Bangladesh Association of Bank...

COVID 19: SANEM proposes 2Y recovery plan for BD

COVID 19: SANEM proposes 2Y recovery plan for BD

-- 2020-04-05 13:01:52

Executive Director of South Asian Network on Economic Modeling (SANEM) Dr Selim Raihan has proposed a two-year recovery plan for Bangladesh instead of the 8th Five Year Plan now. He chalked out eight...

Three listed banks recommend dividend   

Three listed banks recommend dividend  

FE Report 2020-04-05 09:43:55

Three listed banks have recommended dividend ranging between 10 per cent and 16 per cent for the year ended on December 31, 2019. Of three banks, one witnessed rise in EPS (earnings per share) whil...

IDLC donates essential food items among 30,000 daily wage earners

IDLC donates essential food items among 30,000 daily wage earners

FE Online Desk 2020-04-04 18:23:06

 IDLC Finance Limited has taken an initiative to donate essential food items for low income people & daily wage-earners living in different parts of the country from April 4. In this initiat...

Meghna Bank staff to donate one-day salary

Meghna Bank staff to donate one-day salary

FE Online Desk 2020-04-04 17:07:34

The staff of Meghna Bank Limited has come forward to stand by the people affected by the corona virus situation, who are out of the social safety-net. The staff of the bank has decided to donate one-...

No penalty on credit card dues until June: BB

No penalty on credit card dues until June: BB

-- 2020-04-04 15:28:38

The Bangladesh Bank has ordered banks to waive penal charges for credit card customers until June for any late payment amid the ongoing lockdown due to a coronavirus outbreak. The central bank announ...

Company profile: Square Pharma to invest Tk 3.50b for business expansion

Company profile: Square Pharma to invest Tk 3.50b for business expansion

Babul Barman 2020-04-04 10:41:17

Square Pharmaceuticals, country's top pharmaceutical company witnessed a steady performance in operational, financial and profitability thanks to its product quality and expanded market. The country'...

Pandemic pushes down remittance inflow

Pandemic pushes down remittance inflow

FE REPORT 2020-04-04 09:36:42

The flow of inward remittance dropped by nearly 12 per cent in March following coronavirus outbreak in different parts of the world, officials said. Remittances from Bangladeshi nationals working abr...

Battling COVID-19: WB could fast-track $100m loan release

Battling COVID-19: WB could fast-track $100m loan release

FHM Humayan Kabir 2020-04-04 08:25:52

The World Bank is likely to confirm US$100 million loan disbursement for Bangladesh within a couple of days to help the country tackle the deadly coronavirus outbreak, a senior official said. "We've...

MSMEs need emergency fund at lower interest rate: DCCI to govt

MSMEs need emergency fund at lower interest rate: DCCI to govt

FE Online Report 2020-04-03 19:54:53

Dhaka Chamber of Commerce & Industry (DCCI) on Friday urged the government to create emergency fund for micro, small & medium enterprises (MSMEs) amid coronavirus outbreak at a lower interest...

Al-Arafah to donate 1-day salary of staff

Al-Arafah to donate 1-day salary of staff

FE Online Desk 2020-04-03 19:14:43

All employees of Al-Arafah Islami Bank Limited have decided to donate one day’s salary to the Prime Minister’s Relief and Welfare Fund to help the government fight the present crisis, crea...

‘BD should inject more cash into economy to fight COVID-19’

‘BD should inject more cash into economy to fight COVID-19’

-- 2020-04-03 18:25:37

Bangladesh needs to inject more cash into the economy to tackle the impact of novel coronavirus (COVID-19) pandemic, said Asian Development Bank (ADB) Country Director Manmohan Parkash. He also under...

DCCI for emergency fund for MSMEs

DCCI for emergency fund for MSMEs

FE Online Desk 2020-04-03 18:01:37

Dhaka Chamber of Commerce & Industry (DCCI) urged the government to create a 3-year long emergency fund with 1. 0 per cent interest to support the financially stressed local MSMEs and informal s...

MTB donates Tk 50m to PM Fund

MTB donates Tk 50m to PM Fund

FE Online Desk 2020-04-03 16:47:09

Mutual Trust Bank Ltd. (MTB) has donated BDT 50 million to the Prime Minister's Relief and Welfare Fund to help fight the outbreak of coronavirus recently. The bank handed over the cheque through Ban...

BD economy expected to remain strong: ADB

BD economy expected to remain strong: ADB

-- 2020-04-03 14:42:50

The Bangladesh economy is expected to remain strong in fiscal 2020, with a strong GDP growth rate of 7.8 per cent, according to the Asian Development Bank. The gross domestic product (GDP) of Banglad...

Advent Pharma gets nod to roll out five products

Advent Pharma gets nod to roll out five products

FE Report 2020-04-03 08:59:33

Advent Pharma Ltd., an animal healthcare drugs manufacturer, has received approval from the Directorate General of Drug Administration recently to introduce five new products. Of the new products,...

Process underway to change asset manager of two MFs

Process underway to change asset manager of two MFs

Mohammad Mufazzal 2020-04-03 08:52:55

The Bangladesh General Insurance Company (BGIC), the trustee of Green Delta Mutual Fund and the DBH 1st Mutual Fund, has appointed an auditor to complete the process of changing the asset manager of...

Tk 50b stimulus package: BB invites applications from banks

Tk 50b stimulus package: BB invites applications from banks

FE REPORT 2020-04-03 08:22:40

The central bank has invited applications in prescribed forms from all the scheduled banks for receiving low cost fund from the government-announced Tk 50 billion stimulus package. "We've issued a ci...

Economist floats recovery plan as virus bites economy

Economist floats recovery plan as virus bites economy

FHM Humayan Kabir 2020-04-03 08:12:19

An economist on Thursday suggested the government devise a two-year "Recovery Plan" aiming to dilute the impact of coronavirus pandemic. Outlining his plan, Dr Selim Raihan, a professor of economics...

Weathering virus impact: MCCI suggests creating Tk 1.0tn fund

Weathering virus impact: MCCI suggests creating Tk 1.0tn fund

 FE REPORT 2020-04-03 08:05:28

An elite chamber on Thursday proposed the government to form a fund of Tk 1.0 trillion to help minimise economic losses as a result of Covid-19 outbreak. The Metropolitan Chamber of Commerce and Indu...

Buyers cancel orders of RMG products worth $3.0b

Buyers cancel orders of RMG products worth $3.0b

-- 2020-04-02 21:50:40

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday said buyers have so far cancelled orders worth $3.0 billion following the outbreak of coronavirus. About 1,092 factorie...

BD needs Tk 300b initially to minimise COVID-19 impact

BD needs Tk 300b initially to minimise COVID-19 impact

-- 2020-04-02 20:24:52

Bangladesh needs around Taka 300.00 billion initially for three months -- March, April and May -- for various sectors to minimise the impact of the COVID-19 pandemic. The Metropolitan Chamber of Comm...

Garment accessories makers want inclusion in proposed Tk 50b fund

Garment accessories makers want inclusion in proposed Tk 50b fund

FE Online Report 2020-04-02 18:52:57

Local garment accessories makers have urged the government to include them in the proposed TK 50 billion fund for export sectors or allocate a separate fund for the industry to help them overcome the...

"Suspend 8FYP for now, draft 2Y recovery plan"

"Suspend 8FYP for now, draft 2Y recovery plan"

FE Online Report 2020-04-02 17:40:11

Dr Selim Raihan, executive director of SANEM, has proposed a two-year Recovery Plan for Bangladesh instead of the 8th Five Year Plan (8FYP). In his proposal, Dr Raihan has recommended eight points:...

Bourses to remain shut from April 5 to 11

Bourses to remain shut from April 5 to 11

FE ONLINE REPORT 2020-04-02 12:38:34

The country’s two bourses will remain closed from April 5 to April 11 as the government extended the holiday to contain the spread of deadly coronavirus. The government on Wednesday issued a ci...

Trading on DSE mobile app soars despite bearish mkt

Trading on DSE mobile app soars despite bearish mkt

Babul Barman 2020-04-02 11:26:49

Share trading through DSE mobile app continued to rise on the Dhaka Stock Exchange as the number of active users of the digital application exceeded 53000-mark. The number of active users of the appl...

New Trading Right Entitlement Certificate

New Trading Right Entitlement Certificate

FE Report 2020-04-02 11:23:03

The securities regulator is likely to extend timeframe of receiving public opinion on draft rules formulated to issue new TREC (Trading Right Entitlement Certificate). "The decision of the commissi...

‘Tourism sector to lose Tk 97.05b during Feb-June period’

‘Tourism sector to lose Tk 97.05b during Feb-June period’

-- 2020-04-01 22:10:21

Bangladesh chapter of Pacific Asia Travel Association (PATA) has predicted that overall tourism sector of the country would incur a loss of approximately Tk 97.05 billion from February to next June 20...

‘COVID-19 may pull down BD’s growth even below 6.0pc’

‘COVID-19 may pull down BD’s growth even below 6.0pc’

FE Online Report 2020-04-01 21:03:24

The impacts of COVID-19 on the country’s economic growth, job losses and upsurge in poverty are expected to be large, observed an economist.  Though the Gross Domestic Product (GDP) of Ban...

Single digit interest rate on lending comes into effect

Single digit interest rate on lending comes into effect

-- 2020-04-01 19:34:15

Banks in the country started implementing single digit 9.0 per cent interest rate for all kinds of loans except credit cards in compliance with the government directives, reports UNB.  Banking i...