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The Financial Express

Search results for: Bangladesh

100 Bangladeshi products to get duty-free access to Bhutan

100 Bangladeshi products to get duty-free access to Bhutan

-- 2020-12-05 19:49:58

Some 100 Bangladeshi products would get duty-free access to the Bhutanese market under a preferential trade agreement (PTA), which is scheduled to be signed on Sunday. Meanwhile, 34 Bhutanese items w...

Shariah-compliant bonds may fetch Tk 80b for Bangladesh govt in Dec

Shariah-compliant bonds may fetch Tk 80b for Bangladesh govt in Dec

JASIM UDDIN HAROON 2020-12-05 10:38:22

The government is set to raise Tk 80 billion through sukuk or Islamic bonds this December and they will mature in five years, said officials at the financial institutions division. For the first time...

Revenue earning from DSE declines by 15pc

Revenue earning from DSE declines by 15pc

Babul Barman 2020-12-05 10:36:19

The government's revenue earnings from the Dhaka Stock Exchange (DSE) dropped 15 per cent month-on-month in November as share sales by sponsor-directors and placement holders fell drastically. Market...

Surplus in balance of payments exceeds $4.0b in July-October

Surplus in balance of payments exceeds $4.0b in July-October

-- 2020-12-04 17:05:50

The surplus in the balance of payments of Bangladesh has continued to rise amid the coronavirus pandemic, exceeding $4 billion in the July-October period. In the same period last year, the key econom...

Ceilings for investing in savings instruments lowered

Ceilings for investing in savings instruments lowered

DOULOT AKTER MALA 2020-12-04 11:11:06

The government lowered the maximum investment ceilings of purchasing three types of savings certificates on Thursday. The certificates are - Five-Year Bangladesh Sanchaypatra, Three-Month Profit-Base...

Foreign-aided development budget unlikely to be cut

Foreign-aided development budget unlikely to be cut

FHM Humayan Kabir 2020-12-04 11:08:39

The government would not have to cut much from the project aid (PA) in the current fiscal year (FY2020-21) as the preparatory consultations on the upcoming revision of the Annual Development Program...

Minister for probing banks' reluctance to disburse stimulus money

Minister for probing banks' reluctance to disburse stimulus money

FE REPORT 2020-12-04 11:05:51

Planning minister MA Mannan has suggested that the central bank enquire about the reasons behind some banks' reluctance to disburse Covid-19 stimulus packages. He is unhappy over the poor execution...

Exports back to positive trend in November

Exports back to positive trend in November

FE Report 2020-12-04 09:52:23

The country's merchandise shipments again showed positive trend with a meagre growth in November this year after witnessing a fall in the previous month of October. The single-month income in Novem...

Remitters' docs needn't be verified to disburse cash incentive for Tk half a million

Remitters' docs needn't be verified to disburse cash incentive for Tk half a million

SIDDIQUE ISLAM 2020-12-03 09:01:04

The central bank has relaxed its regulations for receiving cash incentives on the money sent by expatriate Bangladeshis further aiming to expedite the inflow of remittances despite the Covid-19 pand...

Govt to import 50,000 tonnes of parboiled rice from India

Govt to import 50,000 tonnes of parboiled rice from India

-- 2020-12-02 20:22:52

The government has approved a proposal to import 50,000 tonnes of parboiled non-Basmati rice from India in the year 2020-21 through international quotation. Additional Cabinet Secretary Abu Saleh Mos...

Govt to follow direct procurement method for vaccines

Govt to follow direct procurement method for vaccines

-- 2020-12-02 19:11:23

The government has decided to follow the direct procurement method (DPM) for procuring the vaccines for the Covid-19 considering it as a matter of urgent state necessity. The Cabinet Committee on Eco...

Stocks extend gaining streak for two straight sessions

Stocks extend gaining streak for two straight sessions

FE ONLINE REPORT 2020-12-02 15:30:43

Stocks extended the gaining streak for two straight sessions on Wednesday as optimistic investors continued their buying spree on large-cap issues amid optimism. DSEX, the key index of the Dhaka Stoc...

Stocks open higher amid rising turnover

Stocks open higher amid rising turnover

FE ONLINE REPORT 2020-12-02 11:18:29

Stocks witnessed an upward trend in the early trading on Wednesday as investors continued their buying binge on large-cap issues amid optimism. Following the previous day’s upward trend, t...

IPO subscription of Lovello Ice Cream begins Jan 3

IPO subscription of Lovello Ice Cream begins Jan 3

FE ONLINE REPORT 2020-12-02 11:05:02

The IPO subscription of Lovello Ice Cream, an ice cream brand of Taufika Foods and Agro Industries, is set to open on January 3, 2021, aiming to raise Tk 300 million. The IPO subscription for shares...

Import duties worth Tk 62b stuck in court cases

Import duties worth Tk 62b stuck in court cases

FE REPORT 2020-12-02 10:05:27

The National Board of Revenue (NBR) is failing to realise some Tk 62 billion import duty that is stuck with 15,777 pending cases, officials have said. The huge sum is blocked, as importers prefer t...

Remittance inflow grows over 41pc in five months

Remittance inflow grows over 41pc in five months

SIDDIQUE ISLAM 2020-12-02 09:05:20

The flow of inward remittances reached $10.90 billion in the first five months of the current fiscal year (FY 2020-21), registering an increase of more than 41 per cent, despite the ongoing Covid-19 p...

Bangladesh won’t fall into debt trap: Momen

Bangladesh won’t fall into debt trap: Momen

FE Online Report 2020-12-01 19:36:00

Bangladesh will not fall into the so-called debt trap due to its borrowing from China or India, Foreign Minister Dr AK Momen said on Tuesday. Many critics argue that since Bangladesh has undertaken a...

Bangladesh’s coastal communities deserve benefits from the blue economy: People’s Tribunal   

Bangladesh’s coastal communities deserve benefits from the blue economy: People’s Tribunal  

FE ONLINE REPORT   2020-12-01 19:29:23

Exploitation of Bangladesh’s marine resources may result in loss of bio-diversity and exclusion of coastal communities unless issues of rights and environment are addressed, a panel of inter-sta...

Ecnec okays much-sought third submarine cable project

Ecnec okays much-sought third submarine cable project

-- 2020-12-01 18:05:31

The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared four development projects, including Tk 6.93 billion (Tk 693-crore) one to install the third submarine cable. The s...

Stocks open month on a high note

Stocks open month on a high note

FE ONLINE REPORT 2020-12-01 16:28:27

Stocks ended higher on Tuesday, the first trading day of the December month, as bargain hunters showed a buying spree on lucrative issues. DSEX, the key index of the Dhaka Stock Exchange (DSE), went...

Dhaka eyes $1.2b WB hard-term loan for three development projects

Dhaka eyes $1.2b WB hard-term loan for three development projects

FHM HUMAYAN KABIR 2020-12-01 09:01:07

Bangladesh is likely to seek a hard-term World Bank (WB) loan worth US$ 1.2 billion to finance three of its development projects, officials said on Monday. They said the country may have to choose th...

Non-performing loans shown to have dropped but still close to Tk 1.0tn

Non-performing loans shown to have dropped but still close to Tk 1.0tn

SIDDIQUE ISLAM 2020-12-01 08:37:00

The default loans dropped slightly in September last as the central bank suspended the routine exercise of classification to help businesses overcome the adverse impact of Covid-19 pandemic. The volu...

NBR chairman in favour of special tax benefits to prevent money laundering

NBR chairman in favour of special tax benefits to prevent money laundering

-- 2020-11-30 23:27:19

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said ‘special tax benefits’ can be given to those who are laundering money abroad for fear of paying taxes in the c...

Dominage Steel to make debut on Wednesday

Dominage Steel to make debut on Wednesday

FE ONLINE REPORT 2020-11-30 18:49:22

Dominage Steel Building Systems will make its shares trading debut on Wednesday on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) under ‘N’ category. The board of dire...

NBR extends deadline for tax returns until Dec 31

NBR extends deadline for tax returns until Dec 31

FE ONLINE REPORT 2020-11-30 16:46:41

The National Board of Revenue (NBR) has extended the deadline for tax return submission by individual taxpayers until December 31. The NBR Chairman Abu Hena Md Rahmatul Munim on Monday said the deadl...

Olympic to import new machinery worth Tk 420m

Olympic to import new machinery worth Tk 420m

FE ONLINE REPORT 2020-11-30 12:05:14

Olympic Industries Limited has decided to import new types of machinery at an estimated cost of Tk 420 million to produce new premium varieties of Cracker and Hard Dough Biscuits to meet the growing d...

Bourses open lower as investors remain cautious

Bourses open lower as investors remain cautious

FE ONLINE REPORT 2020-11-30 11:13:23

Stocks on both the bourses witnessed a downward trend in the early trading on Monday amid slow movement of indices as investors mostly followed a cautious approach. Following the previous four days&r...

BSEC chief asks asset management companies to restore investors' confidence

BSEC chief asks asset management companies to restore investors' confidence

FE Report 2020-11-30 10:22:16

The chairman of the securities regulator has asked the asset management companies (AMCs) to ensure their due role in turning the mutual funds (MFs) into safe investment tools. The chairman of the B...

Bonds to be made tradable through beneficiary owners' accounts

Bonds to be made tradable through beneficiary owners' accounts

FE REPORT 2020-11-30 09:47:50

A high-profile meeting on Sunday decided to take steps to make all kinds of bonds, including Treasury bond (T-bond), tradable through investors' BO (beneficiary owner's) accounts by removing existing...

Regulator to scan non-life insurers' bank accounts

Regulator to scan non-life insurers' bank accounts

SYFUL ISLAM 2020-11-30 08:37:29

The insurance regulator is set to scrutinise the bank accounts of all non-life insurers as part of its efforts to protect the interests of the policyholders and establish good governance in the compan...