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The Financial Express

Search results for: bangladesh

Bangabandhu’s ‘Sonar Bangla’ dream yet to come true: Development thinkers

Bangabandhu’s ‘Sonar Bangla’ dream yet to come true: Development thinkers

FE ONLINE REPORT 2021-09-23 17:13:50

Bangladesh still has a long way to go to accomplish the vision of ‘Sonar Bangla’ or the golden Bengal, as dreamt of by Bangabandhu, economic analysts and former officials say. They regret...

Bangladesh Bank eases rules to release foreign exchange for private purposes

Bangladesh Bank eases rules to release foreign exchange for private purposes

FE ONLINE REPORT 2021-09-23 14:31:08

The central bank of Bangladesh has simplified its regulations on releasing foreign exchange for private travel purposes. Under the relaxations, authorised dealer (AD) banks have been allowed to endor...

Tax receipts from DSE up 82pc in July-August

Tax receipts from DSE up 82pc in July-August

BABUL BARMAN 2021-09-23 13:24:03

The bullish capital market helped the government to collect higher revenue from the Dhaka Stock Exchange (DSE) as month-on-month tax collection soared 74 per cent in August riding on higher trading ac...

Meghna Petroleum signs business deal with Delta LPG

Meghna Petroleum signs business deal with Delta LPG

FE REPORT 2021-09-23 12:56:00

Meghna Petroleum, a state-run listed company, has signed an agreement with Delta LPG, a concern of TK Group of Industries, as part of its business expansion. Under the agreement, Delta LPG will sell...

Bourses open higher as engineering, pharma stocks shine

Bourses open higher as engineering, pharma stocks shine

FE ONLINE REPORT 2021-09-23 11:29:13

Stocks opened higher on Thursday after the previous day’s marginal correction as bargain hunters were putting fresh bets on engineering and pharma sector shares. Following the previous day&rs...

‘Interest rates on savings tools still higher than other deposit schemes’

‘Interest rates on savings tools still higher than other deposit schemes’

FE ONLINE DESK 2021-09-22 20:21:30

Finance Minister AHM Mustafa Kamal has said although the government has lowered the interest rates on different national savings instruments, the interest rates on savings certificates are still highe...

Stocks snap two-day winning streak

Stocks snap two-day winning streak

FE ONLINE REPORT 2021-09-22 15:47:14

Stocks slipped into the red on Wednesday, spanning a two-day gaining streak, as the risk-averse investors opted for booking profit from the recent price surge in the later part of the session. The ma...

Bangladesh "on a mission" as WB tells the story of development journey 

Bangladesh "on a mission" as WB tells the story of development journey 

FE ONLINE DESK 2021-09-22 13:11:32

A relatively young country having gained independence a little over 50 years ago, Bangladesh has still made exceptional strides in reducing poverty and boosting shared prosperity over the last five...

ADB cuts Bangladesh growth forecast in pandemic fallout

ADB cuts Bangladesh growth forecast in pandemic fallout

-- 2021-09-22 12:46:29

The Asian Development Bank has cut Bangladesh’s growth forecast from 6.8 per cent to 5.5 per cent for 2021 in its latest report on the state of Asian economies. The Manila-based institution als...

IBN SINA declares 47pc cash dividend for 2021

IBN SINA declares 47pc cash dividend for 2021

FE ONLINE REPORT 2021-09-22 11:34:23

The board of directors of The IBN SINA Pharmaceutical Industry has recommended a 47 per cent cash dividend for the year ended on June 30, 2021. The final approval of the dividend will come at the ann...

DSEX crosses 7300-mark at opening

DSEX crosses 7300-mark at opening

FE ONLINE REPORT 2021-09-22 11:00:00

Stocks opened higher on Wednesday with the key index of the country's major bourse crossing the 7,300-mark as buoyant investors were buying selective large-cap shares riding on government moves to cut...

Active beneficiary owners' accounts decrease 33.51pc

Active beneficiary owners' accounts decrease 33.51pc

Mohammad Mufazzal 2021-09-22 08:47:37

Number of active BO (beneficiary owner's) accounts declined 33.51 per cent in nearly last four months mainly because of reduced scope of applying for IPO (initial public offering) shares, insiders sai...

ADB launches new partnership strategy for Bangladesh

ADB launches new partnership strategy for Bangladesh

-- 2021-09-21 19:51:12

The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Bangladesh that aims to boost competitiveness and employment and promote green growth and climate resilience....

Govt slashes rates on savings certificates

Govt slashes rates on savings certificates

FE ONLINE REPORT 2021-09-21 14:36:59

The government on Tuesday lowered the rate of return on savings schemes. The Internal Resources Division (IRD) under the Ministry of Finance (MoF) issued a notification to this effect on Tuesday. Th...

Capital market to emerge as main source of long-term financing

Capital market to emerge as main source of long-term financing

FE ONLINE REPORT 2021-09-21 13:35:28

Land Minister Saifuzzaman Chowdhury said the capital market would surely emerge as the main source of long-term financing very soon in Bangladesh. Urging the foreign investors and businessmen to inve...

Mostafa Metal subscription begins on Sept 26

Mostafa Metal subscription begins on Sept 26

FE REPORT 2021-09-21 09:59:04

Subscription for shares of Mostafa Metal Industries will be started from September 26 through Qualified Investor Offer (QIO). The company's subscription through electronic system of stock exchanges w...

Beximco tops turnover chart in a volatile market

Beximco tops turnover chart in a volatile market

FE REPORT 2021-09-21 09:53:16

Dhaka bourse closed the Monday's session with a marginal rise in broad index amid day-long volatility as many investors booked profits while others opted for observing the market's movement. On the d...

Bangladesh Bank relaxes forex rules in export, import

Bangladesh Bank relaxes forex rules in export, import

FE REPORT 2021-09-21 08:35:19

The Bangladesh Bank (BB) has brought relaxation in foreign-exchange regulations in export, import, remittance and other trade services to overcome economic challenges of the Covid-19 pandemic, said BB...

Four more products will receive cash incentives against export, says BB

Four more products will receive cash incentives against export, says BB

-- 2021-09-20 21:16:31

Four more products will get cash incentives from the government against their exports, according to the central bank. The new products, each of which will receive the cash support at the rate of 4.0...

Saudi Arabia keen to invest more in Bangladesh

Saudi Arabia keen to invest more in Bangladesh

FE ONLINE DESK 2021-09-20 18:31:11

Noting that Bangladesh has an investment-friendly climate, the Saudi investment minister has said there is potential for more Saudi investment in Bangladesh. Saudi investment minister Khalid Al-Falih...

Nagad gives Tk 33.2m to postal dept as revenue share in FY21

Nagad gives Tk 33.2m to postal dept as revenue share in FY21

-- 2021-09-20 18:13:03

Mobile financial service Nagad has handed over Tk 33.20 million (Tk 3,31,94,877) to the Bangladesh Post Office as its revenue share for FY21. Posts and Telecommunications Division Secretary Md. Afzal...

Sonali Paper recommends 40 per cent dividend

Sonali Paper recommends 40 per cent dividend

FE Report 2021-09-20 10:35:35

Sonali Paper & Board Mills has recommended 20 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2021. In a disclosure, the company said its dividends are recommended o...

Transactions through school banking accounts allowed

Transactions through school banking accounts allowed

FE REPORT 2021-09-20 10:28:28

Transactions involving the 'Bangabandhu Education Insurance' can be made through school banking accounts from now on, Bangladesh Bank (BB) said in a circular on Sunday. The insurance regulator -- Ins...

Banks' commissions cut to squeeze savings certificate sales growth

Banks' commissions cut to squeeze savings certificate sales growth

DOULOT AKTER MALA 2021-09-20 10:27:16

The government presses the brake on sales of national savings certificates (NSC) by way of slashing receivable commissions of commercial banks against transactions in these borrowing tools. The banks...

Islamic banks see liquidity glut, investment holdup blamed

Islamic banks see liquidity glut, investment holdup blamed

Siddique Islam 2021-09-20 09:45:58

A glut of idle money and a concurrent investment holdup amid the pandemic hangover leave Bangladesh's Islamic banking sector in a quandary with excess liquidity in the vault, sources say. They say th...

Issuers asked to expedite listing of perpetual bonds

Issuers asked to expedite listing of perpetual bonds

FE Report 2021-09-19 10:11:45

The securities regulator has asked issuers to accelerate listing process of perpetual bonds on bourses as part of the regulatory move to diversify the country's bond market. The Bangladesh Securiti...

Revenue growth during pandemic attributed to rise in source-tax

Revenue growth during pandemic attributed to rise in source-tax

DOULOT AKTER MALA 2021-09-19 08:43:29

Government's growing dependence on at-source-tax collection, including tax on service-holders' pay, is practically shifting tax burden onto common people because of absence of effective refund mechani...

Commerce minister seeks support to LDCs for 12 more years

Commerce minister seeks support to LDCs for 12 more years

FE REPORT 2021-09-18 10:18:24

Commerce minister Tipu Munshi has urged all parties to support a 12-year extension proposal by the LDC Group in the World Trade Organisation (WTO). The extension will help the LDCs get preferential t...

Marginal loss in DSEX, shows weekly review

Marginal loss in DSEX, shows weekly review

FE REPORT 2021-09-18 09:55:28

Dhaka bourse closed the week with a marginal loss in terms of both index and turnover value, as investors adopted a cautious stance following a standoff between the central bank and the securities reg...

Rediscovery of Bangladesh's economic priorities emphasised

Rediscovery of Bangladesh's economic priorities emphasised

FE REPORT 2021-09-18 08:38:37

Bangladesh can emulate Vietnam's development experiences by adapting their policies to its context in the changing paradigm, including increasing investment on innovation and technology, research and...