The Financial Express

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Govt forms body to run universal pension scheme

FE REPORT 2023-02-14 08:50:58

The government has formed a National Pension Authority to administer universal pension scheme which aims to support country's growing elderly population by providing annuity. The ministry of finance...

Liquidity crunch in banks begins easing

JUBAIR HASAN 2023-02-14 08:38:00

Liquidity crunch in Bangladesh's banking system shows signs of improvement as key indicators are showing positive signs, largely following monetary interventions, officials and bankers said. Such a t...

Businessmen seek govt support to sustain steel industry

-- 2023-02-13 19:48:05

The businessmen of the steel and rod manufacturing sector have sought the government's support on an urgent basis to deal with the crisis surrounding the industry amid the price hike of raw materials...

Widen tax gap by 15pc to lure more cos to market; DSE, CSE & merchant banks

FE REPORT 2023-02-13 09:18:10

Stock exchanges and the merchant bankers association urged the National Board of Revenue (NBR) to widen the tax rate gap between listed and non-listed companies to encourage good companies to join the...

Shipping Corp's sole right to handle state imports sends stock flying

BABUL BARMAN 2023-02-13 09:16:50

State-run Bangladesh Shipping Corporation (BSC) soared 18 per cent in just a week as the ocean-going vessel management company won an almost exclusive right to transport government-funded cargoes. Th...

BB plans 75pc cashless transaction by 2027

FE REPORT 2023-02-13 09:13:26

Bangladesh Bank (BB) governor Abdur Rouf Talukder on Sunday said the central bank will take various measures to make 75 per cent of the country's overall transaction cashless by 2027. The governor te...

BAB, BIA place budget proposals

FE REPORT 2023-02-13 08:19:32

Bangladesh Association of Banks (BAB) has placed a set of proposals to the National Board of Revenue (NBR) for inclusion in the fiscal budget 2023-24. The proposals include requests to permit 1.0-per...

Hefty $5.5b cost comes under scrutiny

MIR MOSTAFIZUR RAHAMAN 2023-02-13 08:12:02

Cost of a foreign-aided Mass Rapid Transit (MRT) Line-5 project, estimated at US$5.5 billion, comes under scrutiny on afterthought as official circles find it highest in the region. Sources said in a...

NBR chairman for conserving some sectors for small businesses

-- 2023-02-12 20:47:45

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said that some sectors should be conserved for small businesses to boost the country’s Small and Medium Enterprises. &ld...

BMBA seeks 15pc tax rate gap between listed, non-listed cos

FE ONLINE REPORT 2023-02-12 13:19:27

The Bangladesh Merchant Bankers Association (BMBA) urged the National Board of Revenue (NBR) for a scope to invest undisclosed money in the capital market with a 5.0 per cent tax to increase the depth...

Morgan Stanley's "special treatment" for Bangladesh sends out warning against illiquidity of assets

Mohammad Mufazzal 2023-02-12 08:46:13

Global investment research firm Morgan Stanley Capital International (MSCI) in its latest quarterly review decided to bring no change in measuring Bangladeshi stocks' performance in its frontier marke...

Foreign investment in govt bonds falters

JASIM UDDIN HAROON 2023-02-12 08:18:23

Bangladesh fails to attract foreign investment in treasury bonds as it has stagnated into a zero sum since 2019, according to official count, mainly for two principal financial factors besides the pan...

Weekly market review: Profit-booking pulls stock down

FE REPORT 2023-02-11 09:15:57

Stocks extended the losing streak for a second straight week to Thursday as the risk-averse investors opted to book profit on quick-gaining issues while some were busy rebalancing their portfolios bas...

Ten most-traded firms account for 50pc of weekly DSE turnover

FE REPORT 2023-02-11 09:14:06

The ten most-traded firms accounted for 49.42 per cent of the transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list for a fifth straight...

Policy making on offshore investment faces dilemma

REZAUL KARIM 2023-02-11 08:59:52

A latest policy preparation facilitating Bangladeshis making offshore investment in foreign countries gets into a dilemma as some officials mentioned that an already-existing law on 'Capital Account T...

Govt weighs borrowing with short-term Sukuk

JASIM UDDIN HAROON and SYFUL ISLAM 2023-02-11 08:42:12

Introducing a new short-term Islamic bond styled 'Sukuk' is now under government consideration to meet its momentary requirement of liquidity which has shown negative balance frequently this fiscal ye...

Partial removal of floor price boosts tax receipt from DSE in Jan

FE REPORT 2023-02-10 09:26:46

The government's tax revenue from the Dhaka Stock Exchange (DSE) increased 6.21 per cent to Tk 171 million in January, compared to the month before, as turnover rose significantly following the partia...

Midland Bank reserves 5m shares for employees

FE DESK 2023-02-10 09:25:36

Midland Bank Ltd, which is set to commence IPO subscription in the middle of this month, offers 7.14 per cent shares to its employees under the employees share purchase plan (ESPP). Midland Bank is t...

Saudi businesses keen to invest in Bangladesh

-- 2023-02-09 21:00:24

The businesses of Saudi Arabia is very much interested to invest in Bangladesh as a high-profile delegation of the Kingdom, led by Minister of Commerce of Saudi Arabia Majed Bin Abdullah Alkassabi, wo...

Japan wants to invest another fertiliser factory in Bangladesh

-- 2023-02-09 18:44:10

The Japan Bank for International Cooperation (JBIC) has expressed interest in setting up another fertiliser factory like Ghorashal Fertilizer Factory in Ashuganj, Bangladesh. The JBIC has also shown...

PM seeks robust Japanese investment in Bangladesh

-- 2023-02-09 16:56:48

Prime Minister Sheikh Hasina has called upon Japanese investors to come up with robust investment in Bangladesh's various sectors as Japan Bank for International Cooperation (JBIC) Governor Nobumitsu...

GPH Ispat posts back-to-back quarterly losses

FE REPORT 2023-02-09 14:45:17

GPH Ispat Limited suffered losses for a second consecutive quarter this fiscal year, as huge foreign exchange losses and frequent power outages pushed up the cost of production although the steel manu...

BATBC’s net profit jumps 19pc in 2022

FE ONLINE REPORT 2023-02-09 12:55:12

The Board of Directors of British American Tobacco Bangladesh Company has recommended a 100 per cent final cash dividend for the year ended on December 31, 2022. The multinational company declared a...

Stocks witness volatility after two hours of trading

FE ONLINE REPORT 2023-02-09 12:40:36

Stocks opened marginally lower on Thursday amid volatile trading as cautious investors opted for booking profit on quick-gaining issues. Following the previous two day’s rise, DSEX, the prime i...

Enough scope for deliberate defaulters to reschedule loans

FE REPORT 2023-02-09 11:14:35

Many deliberate defaulters have got scope to reschedule their loans again and again with undue grace from banks, causing a setback to the financial sector, said a former governor of the country's cent...

Government opts for higher emergency borrowing

JASIM UDDIN HAROON and JUBAIR HASAN 2023-02-09 10:36:49

Under a contingency measure, the government opts for higher emergency borrowing with two debt instruments that can yield Tk 160 billing daily in need. To this effect, the government is set to raise t...

GPH Ispat suffers losses for two quarters straight due to strong dollar

FE Online Desk 2023-02-08 13:03:57

GPH Ispat Limited has incurred losses for the two consecutive quarters of the ongoing fiscal year 2022-23 despite posting a significant growth in its sales revenue. The steel manufacturer has reporte...

DSE turnover crosses Tk 3.50b-mark after two hours trading

FE ONLINE REPORT 2023-02-08 12:51:35

Stocks opened marginally higher on Wednesday as investors showed their buying interest in sector-specific issues whose financial performance was immune from the recent macroeconomic adversities. Turn...

Little progress in raising paid-up capital by small stocks

MOHAMMAD MUFAZZAL 2023-02-08 09:15:22

More than a year after the securities regulator's directive to small-cap companies to raise their market capital, only a handful of them acted on it and made any progress. The Bangladesh Securities a...

Costlier biscuits boost Bangas' profit by 75pc in Q2

FE REPORT 2023-02-08 09:13:15

Bangas Ltd, which owns some of the best-selling biscuit brands, posted an impressive 75 per cent year-on-year profit growth in the second quarter (Q2) of the FY23. The fast-moving consumer goods comp...