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The Financial Express

Search results for: bangladesh

Uttara Finance approves 20pc cash dividend

Uttara Finance approves 20pc cash dividend

FE Desk Report 2019-07-01 10:32:38

The 24th Annual General Meeting (AGM) of Uttara Finance and Investments Limited was held at the International Convention City Bashundhara, Dhaka on Sunday. The meeting attended by a large number of Sh...

Trading on bourses to remain closed today

Trading on bourses to remain closed today

FE Online Report 2019-06-30 20:28:39

The trading at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed today (Monday) due to half yearly Bank Holiday. Therefore, there will be no trade on July 01, 2019, ac...

Reform banking sector for budget implementation: Ibrahim Khaled

Reform banking sector for budget implementation: Ibrahim Khaled

-- 2019-06-30 16:54:23

Former Bangladesh Bank Deputy Governor Khondokar Ibrahim Khaled has underscored the need for reforming the country's banking sector for proper implementation of the national budget for 2019-20 fiscal...

Stocks slip into the red despite tax review news

Stocks slip into the red despite tax review news

FE Online Report 2019-06-30 16:32:22

Stocks posted a marginal fall on Sunday despite the government passed the Finance Bill-2019 reducing tax on retained earnings. Parliament on Saturday passed the tax measures for fiscal 2019-20, reduc...

Bangladesh asks Google, Facebook to appoint tax agents

Bangladesh asks Google, Facebook to appoint tax agents

-- 2019-06-30 16:10:25

Internet giants, including Google and Facebook, and other non-resident providers of electronic broadcast services through TV and radio in Bangladesh will have to appoint agents in the country to pay v...

International Leasing recommends 5pc stock dividend

International Leasing recommends 5pc stock dividend

FE Online Report 2019-06-30 15:12:34

The board of directors of International Leasing & Financial Services Ltd has recommended 5.0 per cent stock dividend for the year ended on December 31, 2018. The final approval of the dividend...

Parliament passes Tk 5.23 trillion budget

Parliament passes Tk 5.23 trillion budget

-- 2019-06-30 14:16:13

Parliament on Sunday passed the Tk 5.23 trillion (5,23,190 crore) national budget for the fiscal year 2019-20, themed as 'Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh'. Fi...

GPH to invest Tk 60m more in Star Allied Venture

GPH to invest Tk 60m more in Star Allied Venture

FE Online Report 2019-06-30 13:10:26

GPH Ispat Ltd is going to invest Tk 60 million more in Star Allied Venture Ltd, which has recently been decided at a board of directors meeting. The investment will be made as equity against purchase...

Bourses witness downtrend in early trading

Bourses witness downtrend in early trading

FE Online Report 2019-06-30 11:28:19

Stocks witnessed a downward trend in early hour of trading on Sunday as investors mostly followed cautious stance a day-after the finance bill for the budget gets Parliament's approval. Parliament on...

Prime Life Insurance recommends 12pc dividend

Prime Life Insurance recommends 12pc dividend

FE Online Report 2019-06-30 11:18:41

The board of directors of Prime Islami Life Insurance Company has recommended 12 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Sunday. The board has a...

Opening BO accounts: CDBL asked to submit report on compliances

Opening BO accounts: CDBL asked to submit report on compliances

FE Report 2019-06-30 10:08:04

The securities regulator has asked the Central Depository Bangladesh Limited (CDBL) to submit a report on the compliances maintained in opening investors' BO (beneficiary owner's) accounts. The CDBL...

EPB proposes $44.40b export target for FY '20

EPB proposes $44.40b export target for FY '20

Monira Munni 2019-06-30 09:47:09

The Export Promotion Bureau (EPB) has proposed setting a US$ 44.40 billion export target for fiscal year (FY) 2019-20, officials have said. More than 84 per cent or $37.42 billion of the proposed exp...

Parliament okays finance bill

Parliament okays finance bill

FE Report 2019-06-29 20:55:27

Parliament approved on Saturday the finance bill-2019 with a few amendments suggested by the lawmakers. Some 10 lawmakers proposed to elicit public opinion on the bill, but that was rejected by voice...

'Bangladesh will provide loan to other countries'

'Bangladesh will provide loan to other countries'

-- 2019-06-29 20:48:22

Finance Minister AHM Mustafa Kamal has said Bangladesh would not implement budget with the bank loan by 2030 and the country will provide loan to other countries. The finance minister also said Bangl...

Proposed tax on savings certificates may go

Proposed tax on savings certificates may go

-- 2019-06-29 17:06:23

The government might retract its decision to double tax on savings certificates as the move is likely to draw massive criticism from the people. Four types of savings certificates are currently sold...

Savers in haste to draw govt savings tools’ yields

Savers in haste to draw govt savings tools’ yields

Arafat Ara 2019-06-29 10:00:37

The proposed rise in source tax on yields from national savings tools has prompted investors in large numbers to draw profits before June 30 next to avoid higher taxation. Dozens of savers were f...

BD must focus on SDG 16: Experts

BD must focus on SDG 16: Experts

FE Report 2019-06-28 12:47:21

Sustainable development goals (SDGs) cannot be fully achievable by 2030, leaving out SDG 16 that focuses on inclusive societies, democracy, strong institutions, justice and rule of law. SDG 16 is the...

BD-linked funds in Swiss banks up 28pc

BD-linked funds in Swiss banks up 28pc

FE Report 2019-06-28 09:55:01

The amount of Bangladesh-linked funds in the banks of Switzerland jumped by 28 per cent last year after a decline a year ago, according to the latest Swiss Bank data. In 2017, deposits held by Bangla...

Banking sector in free fall, warns IMF

Banking sector in free fall, warns IMF

FE Report 2019-06-28 09:27:49

Highlighting financial stability risks, the International Monetary Fund (IMF) said on Thursday the banking sector keeps deteriorating even as growth remains robust. "Resolutely addressing the high le...

IMF lauds BD economic growth

IMF lauds BD economic growth

-- 2019-06-27 18:57:56

Bangladesh has succeeded in fostering a dynamic and fast-growing economy with significant poverty reduction and the country’s economic growth continues to be strong. International Monetary Fund...

Stocks keep gaining on tax review hope

Stocks keep gaining on tax review hope

FE Online Report 2019-06-27 16:27:46

Stocks witnessed yet another positive session on Thursday as investors showed their buying appetite on tax review expectations. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,4...

Shurwid Industries to enter Software business

Shurwid Industries to enter Software business

FE Online Report 2019-06-27 12:01:50

The board of directors of Shurwid Industries has decided to open new business wing i.e. Software business, which is fully tax exempted up to June 30, 2024. In this regard, an agreement was signed wit...

Stocks open higher on tax review hope

Stocks open higher on tax review hope

FE Online Reports 2019-06-27 11:58:39

Stocks witnessed upward trend in early hours of trading on Thursday as some investors are showing their buying spree on sector-wise shares amid tax review expectations in the final budget. Followin...

Ten-traded cos snare 27pc turnover

Ten-traded cos snare 27pc turnover

FE Report 2019-06-27 11:02:08

Ten most-traded firms captured more than 27 per cent transaction of the Dhaka Stock Exchange (DSE) on Wednesday while United Power topped the list again. Market analysts said investors were active...

IMF airs concern over soaring soured loans

IMF airs concern over soaring soured loans

Siddique Islam 2019-06-27 09:36:24

The International Monetary Fund (IMF) has expressed concern over the rising trend in non-performing loans (NPLs) in the country's banking sector. The Washington-based lender also intended to learn...

Stocks rebound on tax review hope

Stocks rebound on tax review hope

FE Online Report 2019-06-26 16:05:51

Stocks rebounded on Wednesday, after remaining flat in the past few sessions, as investors showed their buying appetite on budget review expectations. The market opened on positive note and the uptur...

Stocks rise at opening ahead of budget approval

Stocks rise at opening ahead of budget approval

FE Online Reports 2019-06-26 11:38:17

Stocks witnessed positive trend in early hours of trading on Wednesday as some investors are showing their buying spree on sector-wise shares ahead of budget approval. The National Board of Revenue...

Esquire ICL Apparel Fund gets BSEC approval

Esquire ICL Apparel Fund gets BSEC approval

FE Report 2019-06-26 10:52:28

The securities regulator has approved the draft prospectus of Esquire ICL Apparel Fund, an open-end mutual fund. The approval came Tuesday at a meeting held at the office of the Bangladesh Securiti...

Ten-traded cos snare 28pc turnover; JMI Syringes leads

Ten-traded cos snare 28pc turnover; JMI Syringes leads

FE Report 2019-06-26 10:50:42

JMI Syringes topped the Dhaka Stock Exchange's turnover chart on Tuesday while ten most-traded firms captured more than 28 per cent transaction. The share price of JMI Syringes & Medical Devices...

Donors disburse $5.2b in 11 months

Donors disburse $5.2b in 11 months

FHM Humayan Kabir 2019-06-26 10:37:06

Donors disbursed development assistance worth US$5.21 billion in 11 months (July-May) of fiscal year (FY) 2018-19, up 11 per cent compared to the same period of the previous fiscal, official data show...