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The Financial Express

Search results for: bangladesh

'Existing tax system creates burden on low-income people'

'Existing tax system creates burden on low-income people'

FE Online Report 2018-11-20 18:45:51

The existing tax system has created burden on common people as low-income and high-income people pay value added tax (VAT) at similar rate to buy a product. Speakers came up with the statement at Cit...

Deposits with agent banking increase by 28pc

Deposits with agent banking increase by 28pc

-- 2018-11-20 18:07:42

Deposit collection through the agent banking increased by 28 per cent or Tk 5.4672 billion in July to September quarter compared to the previous quarter of April to June in 2018. According to the qua...

Stocks soar as bank shares surge

Stocks soar as bank shares surge

FE Online Report 2018-11-20 15:12:10

Stocks ended higher on Tuesday, after remaining flat in the past session, as investors showed their buying spree, particularly on financial issues. Market insiders said the institutional investors...

Keya Cosmetics recommends 10pc div

Keya Cosmetics recommends 10pc div

FE Online Report 2018-11-20 12:11:24

The board of directors of Keya Cosmetics Limited has recommended 10 per cent stock dividend for the year ended on June 30, 2018, said an official disclosure on Tuesday. The final approval will come...

Stocks light up in early trading

Stocks light up in early trading

FE Online Report 2018-11-20 11:25:29

The prices of most of the shares on bourses saw positive trend in early hour of trading on Tuesday as some investors are showing their buying spree on sector-wise stocks. Following the previous day...

Bata Shoe recommends 240pc interim cash dividend

Bata Shoe recommends 240pc interim cash dividend

FE Online Report 2018-11-20 11:14:10

The board of directors of Bata Shoe Ltd has recommended 240 per cent interim cash dividend, said an official disclosure on Tuesday. The multinational company declared the interim dividend consideri...

15 per cent tax on income of MFs: Govt extends tenure

15 per cent tax on income of MFs: Govt extends tenure

FE Report 2018-11-20 10:24:30

The government has extended the tenure of paying 15 per cent tax on the income of the mutual fund's management by five years more. On December 5, 2013 15 per cent tax was fixed on the income, which...

Govt to borrow Tk 20b more from banks

Govt to borrow Tk 20b more from banks

Siddique Islam 2018-11-20 09:35:16

The government revised its auction calendar on Monday keeping an option for borrowing Tk 20 billion more for financing budget deficit ahead of the December general elections, officials said. Under th...

BSEC decides to probe irregularities by EIs

BSEC decides to probe irregularities by EIs

Mohammad Mufazzal 2018-11-20 09:32:51

Securities regulator has decided to look into the alleged irregularities indulged in by the eligible investors (EIs) in determining companies' share prices under the book building method (BBM). Bangl...

Tax collection in fairs rises 11.35pc

Tax collection in fairs rises 11.35pc

FE Online Report 2018-11-19 22:10:14

The week-long income tax-fairs, which concluded on Monday, collected Tk 24.68 billion in taxes. The collection from this year’s taxes is 11.35 per cent more than that of the previous year&rsquo...

Stocks end flat; DSE turnover hits record high

Stocks end flat; DSE turnover hits record high

FE Online Report 2018-11-19 15:27:48

Stocks ended almost flat on Monday after volatile trading as investors were active both sides of trading fence while the turnover hit more than two-month high. Market operators said a section of in...

Stocks inch up in tentative trading

Stocks inch up in tentative trading

FE Online Report 2018-11-19 11:22:01

Stocks edged up in early hour of trading on Monday as some investors are showing their buying spree on sector-wise stocks. Following the previous day’s marginal gain, the Dhaka Stock Exchange...

UCB to form subsidiary for providing MFS

UCB to form subsidiary for providing MFS

FE Online Report 2018-11-19 11:10:41

The board of directors of United Commercial Bank (UCB) has decided to form a subsidiary company, aiming to provide mobile financial services (MFS). The formation of subsidiary company is subject to c...

17 cos allowed in spot market today and tomorrow

17 cos allowed in spot market today and tomorrow

FE Report 2018-11-19 10:39:10

The share trading of 17 listed companies will be allowed only in spot market today (Monday) and tomorrow (Tuesday) as per their spot settlement cycle. The block transactions of the shares of these...

Most cement cos post rise in July-Sept EPS

Most cement cos post rise in July-Sept EPS

FE Report 2018-11-19 10:33:41

The earnings of most of the listed cement companies rose in July-September quarter 2018 compared to the same quarter in the previous year. Of the seven cement companies listed with Dhaka Stock Exch...

Tax fairs pick up further momentum

Tax fairs pick up further momentum

FE Report 2018-11-19 09:46:12

Income tax fairs gained further momentum on Sunday in eight divisional headquarters including the capital city. On the sixth day of the week-long tax fairs, there was mad rush of visitors and taxpaye...

Polls prod govt to borrow more from banks

Polls prod govt to borrow more from banks

Siddique Islam 2018-11-19 09:30:42

The government is set to boost its bank borrowing significantly in November mainly due to the upcoming general elections, officials have said. The net borrowing from the banking system is on track to...

Stocks edge up amid choppy trading

Stocks edge up amid choppy trading

FE Online Report 2018-11-18 16:44:10

Stocks ended marginally higher on Sunday as investors were mostly followed cautious stance ahead of national election. Market operators said a section of investors showed some buying appetite while s...

Genex Infosys’ IPO subscription opens

Genex Infosys’ IPO subscription opens

FE Online Report 2018-11-18 11:26:53

The share subscription for the initial public offering (IPO) of Genex Infosys kicked off on Sunday, officials said. Genex Infosys, an IT company, will raise a fund worth Tk 200 million from the capit...

123 DSE shareholders receive cheques

123 DSE shareholders receive cheques

Mohammad Mufazzal 2018-11-18 10:32:55

Some 123 shareholders of Dhaka Stock Exchange (DSE) so far have received cheques against their shares sold to the Chinese consortium with a commitment of investing in the capital market. By investing...

BD youth jobless rate rises by 6.4 percentage points: ILO

BD youth jobless rate rises by 6.4 percentage points: ILO

FE Report 2018-11-18 09:52:28

The rate of youth unemployment in Bangladesh remained one of 'the most worsening' situation among the countries in the Asia-Pacific region. The country's overall unemployment rate rose by 1.0 percent...

China top FDI source in FY '18

China top FDI source in FY '18

Asjadul Kibria 2018-11-18 09:43:59

China became the top source of foreign direct investment (FDI) for Bangladesh last fiscal year (FY), the central bank said. The net inflow of FDI from the world's second-largest economy reached US$ 5...

Pumpkin farming changes lot of 25,000 char families

Pumpkin farming changes lot of 25,000 char families

-- 2018-11-17 16:28:18

Some 25,000 char families, mostly victims of river erosion and landless, changed fortune through farming pumpkin on sandbars in Rangpur agriculture region over the last nine years. Earlier, these hav...

Stocks end week lower as election nears

Stocks end week lower as election nears

FE Report 2018-11-17 10:53:09

Stocks edged lower last week, after remaining flat in the previous week, as investors mostly followed cautious stance ahead of national election. Market insiders said most of investors adopted a 'wai...

ICB raises Tk 7.5b from subordinated bonds

ICB raises Tk 7.5b from subordinated bonds

FE Report 2018-11-17 10:49:25

The Investment Corporation of Bangladesh (ICB) has so far raised Tk 7.50 billion from the issuance of subordinated bonds floated as part of its market supportive measures. The state-run corporation...

Sonali Aansh's price jumps 50pc in eight days

Sonali Aansh's price jumps 50pc in eight days

FE Report 2018-11-17 10:42:33

The share price of Sonali Aansha Industries continued to soar 'abnormally' in a bearish market, despite having no price sensitive information (PSI). Within eight trading days, the company's share...

Middle-income status hinges on higher investment: MCCI

Middle-income status hinges on higher investment: MCCI

FE Report 2018-11-17 10:19:45

Bangladesh needs to catalyse more foreign and domestic investments if the country wants to attain the middle income status by 2021, a leading chamber has said. "There is no alternative to raising the...

Genex Infosys IPO subscription from Nov 18

Genex Infosys IPO subscription from Nov 18

FE Report 2018-11-16 10:38:48

The share subscription for the initial public offering (IPO) of Genex Infosys will open on November 18 (Sunday), officials said. Genex Infosys, an IT company, will raise a fund worth Tk 200 million...

Monno Stafflers becomes most valued stock

Monno Stafflers becomes most valued stock

FE Report 2018-11-16 10:33:23

Monno Jute Stafflers became the most valued stock on the Dhaka Stock Exchange (DSE) as its share price reached as high as Tk 5,634.20 per share on Wednesday. The company's share trading was suspended...

NBR bags Tk 2.44b on third day of income tax fair

NBR bags Tk 2.44b on third day of income tax fair

FE Report 2018-11-16 10:06:06

Submission of income tax returns in the tax-fair across the country grew by 87 per cent on Thursday, the third day of the event, compared to that of the corresponding day last year. National Board of...