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Dhaka to seek $3.0b Chinese aid

Dhaka to seek $3.0b Chinese aid

FHM HUMAYAN KABIR 2019-11-30 10:06:03

Bangladesh will seek US$3.0 billion in aid from China for the next three years in the upcoming joint working group meeting to be held on Monday, officials said. It will also seek relaxation of term...

ADN Telecom holds IPO lottery draw

ADN Telecom holds IPO lottery draw

FE Report 2019-11-29 10:49:01

The lottery draw for the allotment of initial public offering (IPO) of ADN Telecom Ltd., which raised a fund of Tk 570 million through book-building method, was held on Thursday. The IT and telecommu...

Fortune Shoes generates highest DSE turnover

Fortune Shoes generates highest DSE turnover

FE Report 2019-11-29 10:47:14

Ten most traded companies grabbed more than 23 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes making it to the top of the turnover list. Market analysts sa...

Bangladesh can 'attract $20b from CACCI nations' investors'

Bangladesh can 'attract $20b from CACCI nations' investors'

FE Report 2019-11-29 10:40:05

Bangladesh may be able to attract new investments worth over US$ 20 billion in different sectors of the country. The member countries of the Confederation of Asia-Pacific Chambers of Commerce and Ind...

0.1m businesses take new BINs

0.1m businesses take new BINs

FE Report 2019-11-29 10:34:21

About 0.1 million businesses have taken 13-digit Business Identification Numbers (BINs) until Thursday through obtaining fresh one or updating their existing VAT registration number. The deadline for...

Third-party evaluation can cure ill cos: Analysts

Third-party evaluation can cure ill cos: Analysts

FE REPORT 2019-11-29 10:27:32

Analysts on Thursday laid emphasis on strict evaluation of the financial reports of the companies by a third-party to shield the financial market from vulnerabilities. They suggested the government...

Provisions shortfall soars in nine months

Provisions shortfall soars in nine months

Siddique Islam 2019-11-29 10:15:16

The provisions shortfall against classified loans in the country's banking system swelled by nearly 23 per cent or Tk 15.15 billion during the first nine months of the calendar year. The total shortf...

Stocks end flat after rough ride

Stocks end flat after rough ride

FE Online Report 2019-11-28 18:24:36

Stocks finished almost flat on Thursday after volatile trading as investors booked some profits with cautious positioning. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4731, ad...

Buying spree pushes markets up

Buying spree pushes markets up

FE Online Report 2019-11-28 11:58:30

Stocks witnessed positive trend in early hour trading on Thursday as some investors continued their buying appetite on sector-wise issues. Following the previous three days’ gaining streak, t...

Telecom, power, engineering, banking sector gain most

Telecom, power, engineering, banking sector gain most

FE Report 2019-11-28 11:19:20

Stocks witnessed yet another positive session Wednesday, extending the gaining streak for the third straight day, as investors showed their appetite on selective large-cap issues. The market opened...

BSEC approves Tk 6.0b Islami Bank bond

BSEC approves Tk 6.0b Islami Bank bond

FE Report 2019-11-28 11:16:03

The securities regulator has approved a mudaraba redeemable non-convertible subordinated bond worth Tk 6.0 billion in favour of Islami Bank Bangladesh. The approval was given at a commission meeting,...

Export diversification: New sectors missing out on bank credit

Export diversification: New sectors missing out on bank credit

FE Report 2019-11-28 10:33:53

Banking experts have underscored the need for better credit risk management and good corporate governance to reduce the volume of non-performing loans (NPLs) in banks and other financial institutions....

Finance minister rules out trade war fallout

Finance minister rules out trade war fallout

FE REPORT 2019-11-28 10:33:02

Finance minister AHM Mustafa Kamal said on Wednesday Bangladesh's economy would not face any shock from the ongoing global trade war due to its strong base. The minister said due to the ongoing tra...

Volume of NPL up 24pc in Q3

Volume of NPL up 24pc in Q3

SIDDIQUE ISLAM 2019-11-28 09:55:05

The volume of classified loans in the country's banking sector rose further to hit an all-time high at Tk 1.16 trillion (1.16 lakh crore) at the end of the third quarter of current calendar year despi...

AND Telecom's IPO lottery draw Thursday

AND Telecom's IPO lottery draw Thursday

FE Online Report 2019-11-27 20:42:59

AND Telecom Ltd,  which raised a fund worth Tk 570 million through book-building method, is set to hold initial public offering (IPO) lottery draw on Thursday. The lottery draw of the company wi...

Finance minister eyes 25pc growth in remittance inflow in FY20

Finance minister eyes 25pc growth in remittance inflow in FY20

-- 2019-11-27 18:40:24

Finance Minister AHM Mustafa Kamal on Wednesday said remittance inflow is likely to increase by at least 25 per cent in the fiscal 2019-20 (FY20) due to a number of government steps. “Remittanc...

Stocks extend gaining streak amid rising turnover

Stocks extend gaining streak amid rising turnover

FE Online Report 2019-11-27 15:54:37

Stocks extended the gaining streak for the third straight sessions Wednesday, with rising trading activities, as investors showed their appetite on sector-wise shares. The market opened on upward not...

Rescuers work through the night as Albanian quake toll hits 25

Rescuers work through the night as Albanian quake toll hits 25

-- 2019-11-27 15:24:51

Emergency crews found three more bodies on Wednesday morning as they used drones, dogs and heavy machinery to search through the wreckage left by Albania’s worst earthquake in decades, bringing...

Paramount Textile to invest $9.75m for enhancing production

Paramount Textile to invest $9.75m for enhancing production

FE Online Report 2019-11-27 11:50:57

The board of directors of Paramount Textile Ltd has decided to invest around US$9.75 million for enhancing and upgrading existing production capacities. The textile company will invest the said amoun...

DSEX gains 27 points in early trading

DSEX gains 27 points in early trading

FE Online Report 2019-11-27 11:44:22

Stocks witnessed upward trend in early hour trading on Wednesday as investors are showing their buying appetite on sector-wise shares. Following the previous two days’ modest gain, the Dhaka...

BIDA chief woos more investments from UK

BIDA chief woos more investments from UK

FE Online Desk 2019-11-27 11:14:39

BIDA Executive Chairman Md. Sirazul Islam has urged more investments from UK, one of the biggest contributors of FDI to Bangladesh. He was attending a breakfast meeting co-hosted by the British Busin...

National Tubes tops the turnover list

National Tubes tops the turnover list

FE Report 2019-11-27 11:09:54

Low-cap companies continued to dominate the Dhaka Stock Exchange's turnover chart while ten most-traded companies accounted for 21 per cent transactions on Tuesday. National Tubes topped the turnover...

NBR to receive tax returns until Dec 01

NBR to receive tax returns until Dec 01

FE Report 2019-11-27 10:55:37

The National Board of Revenue (NBR) will accept income tax return for the tax year 2019-20 from individual taxpayers until December 1 (Sunday). The deadline (November 30) has been extended, as it f...

Seismic survey in offshore blocks: Norwegian-US JV set to get the job

Seismic survey in offshore blocks: Norwegian-US JV set to get the job

M AZIZUR RAHMAN 2019-11-27 10:53:49

The Norwegian-US joint venture (JV) company TGS-Schlumberger is finally bagging the job of carrying out the non-exclusive multi-client seismic survey in offshore blocks in December nearly four years a...

Govt mulls AMC to cut NPLs

Govt mulls AMC to cut NPLs

FE Report 2019-11-27 10:07:29

The government is actively considering formation of an asset management company (AMC) to resolve a rise in non-performing loans (NPLs) in banks and financial institutions. Financial institutions divi...

Bangladesh willing to join US led Indo-Pacific initiative

Bangladesh willing to join US led Indo-Pacific initiative

FE Online Report 2019-11-26 18:48:56

Bangladesh will join the US led Indo-Pacific initiative if it becomes an economic alliance, Foreign Minister Dr AK Abdul Momen said on Tuesday. Bangladesh feels that mega regional arrangements like t...

Stocks keep gaining as bank shares surge

Stocks keep gaining as bank shares surge

FE Online Report 2019-11-26 15:59:12

Stocks ended higher for the second straight session on Tuesday as investors showed their buying appetite on banking sector shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up b...

Guardian Life Insurance to go public

Guardian Life Insurance to go public

FE Online Desk 2019-11-26 13:47:04

Guardian Life Insurance signed an agreement with Riverstone Capital Limited as the issue manager for Guardian’s future listing in the Dhaka Stock Exchange (DSE). Mr. M M Monirul Alam, Chief Exe...

Annual Banking Confce begins Wednesday

Annual Banking Confce begins Wednesday

FE Online Desk 2019-11-26 13:40:04

A two-day Annual Banking Conference organized by Bangladesh Institute of Bank Management (BIBM) begins at BIBM from Wednesday. The BIBM Governing Body Chairman and Bangladesh Bank Governor Fazle Kabi...

Stocks rise; DSEX gains 22 points at opening

Stocks rise; DSEX gains 22 points at opening

FE Online Report 2019-11-26 12:30:33

Stocks witnessed upward trend in early hour trading on Tuesday as investors are showing their buying appetite on sector-wise shares. Following the previous day’s modest gain, the Dhaka Stock...