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Sonali’s Tk 5.0b fund injection boosts investors’ mood

Sonali’s Tk 5.0b fund injection boosts investors’ mood

FE Report 2021-11-11 10:42:36

Sonali Bank has provided Tk 5.0 billion to Investment Corporation of Bangladesh (ICB) to invest in the stock market. Md. Mazibur Rahman, deputy managing director said, Sonali Bank took the move as it...

Dhaka now seeks $701m from Beijing to bankroll two priority projects

Dhaka now seeks $701m from Beijing to bankroll two priority projects

FHM HUMAYAN KABIR 2021-11-11 08:35:57

The government now seeks to borrow US$701 million from China to bankroll two priority projects, after a pause of nearly two years in Beijing's bountiful development-financing support for Bangladesh to...

Businesses hopeful of rebound: SANEM survey

Businesses hopeful of rebound: SANEM survey

FE REPORT 2021-11-11 08:20:17

The depleting coronavirus incidence in Bangladesh makes the majority of businesses hopeful about a moderate-to-strong economic recovery during the concluding quarter of 2021, according to a survey. A...

Bangladesh Taka slides amid high demand for US dollar

Bangladesh Taka slides amid high demand for US dollar

SIDDIQUE ISLAM 2021-11-11 08:14:45

Bangladesh Taka (BDT) has depreciated by Tk 1.0 against the US dollar (USD) in nearly three months despite selling of the greenback by the central bank to the banks for keeping the market stable. The...

Vanguard AML BD Finance declares a 15pc cash dividend

Vanguard AML BD Finance declares a 15pc cash dividend

-- 2021-11-10 18:42:50

The Trustee Committee of ‘Vanguard AML BD Finance Mutual Fund One’ (Trading Code: VAMLBDMF1) has approved the Audited Financial Statements for the year ended September 30, 2021. It also d...

Stocks jump as major sectors soar

Stocks jump as major sectors soar

FE ONLINE REPORT 2021-11-10 16:17:30

Stocks witnessed sharp gains on Wednesday, extending the winning streak for the second straight session, as buoyant investors went for buying on major sector shares. The stock market witnessed a big...

Bourses open sharply higher

Bourses open sharply higher

FE ONLINE REPORT 2021-11-10 11:26:45

Stocks opened sharply higher on Wednesday as bargain hunters were showing their buying interest on sector-specific lucrative issues. Following the previous day’s big gain, DSEX, the prime index...

Hamid Fabrics price keeps rising despite huge losses

Hamid Fabrics price keeps rising despite huge losses

FE REPORT 2021-11-10 11:01:03

Share price of Hamid Fabrics is witnessing an unprecedented hike despite the company has reported huge losses recently for the year ended on June 30, 2021. The fabrics-manufacturer recommended 5.0...

Old clients get most of stimulus loans: BIBM survey

Old clients get most of stimulus loans: BIBM survey

FE REPORT 2021-11-10 08:28:03

The findings of a latest survey on the stimulus package show that the country's commercial banks preferred to provide loans to their existing customers from the package, announced in April 2020, inste...

Stocks rebound after two days slump

Stocks rebound after two days slump

FE ONLINE REPORT 2021-11-09 16:11:25

The market bounced back on Tuesday, snapping a two-day big fall, as bargain hunters put fresh bets on lucrative stocks. However, turnover dropped to a fresh six months low to Tk 10.07 billion as many...

Another World Cup to forget for Bangladesh

Another World Cup to forget for Bangladesh

Tanvir Ahmed 2021-11-09 14:39:46

Facing harsh reality during a World Cup has not been an unfamiliar experience for Bangladesh over the period of last two decades.  Performing poorly both as individuals and as a team turned mult...

Tax receipts from DSE down 22pc in October

Tax receipts from DSE down 22pc in October

BABUL BARMAN 2021-11-09 10:23:43

The government's revenue collection from Dhaka Stock Exchange (DSE) plunged by 22 per cent or Tk 113 million in October compared to a month earlier due to a decline in turnover on the prime bourse....

ILO predicts 5.0m job losses in Bangladesh due to pandemic

ILO predicts 5.0m job losses in Bangladesh due to pandemic

MONIRA MUNNI 2021-11-09 08:46:05

The International Labour Organisation (ILO) has projected 7.4 per cent less working hours or the loss of 5.0-million full-time jobs for Bangladesh in 2021 than the 2019 pre-crisis baseline. The Covid...

Bangladesh's trade deficit widens over threefold

Bangladesh's trade deficit widens over threefold

SIDDIQUE ISLAM 2021-11-09 08:42:22

Bangladesh's trade deficit widened over threefold in the first quarter (Q1) of the current fiscal year for higher import-payment pressure, officials said, casting its cascading impacts on the economy....

Less in performance, more in press conference

Less in performance, more in press conference

Tanvir Ahmed 2021-11-08 20:17:45

People of Bangladesh, regardless of class, gender, age or any other criteria, are cricket fanatics.  A garments worker, after all the hard work and overtime duty, sit in front of the TV to watch...

Korean Kido group to invest $31.17m in Adamjee EPZ

Korean Kido group to invest $31.17m in Adamjee EPZ

-- 2021-11-08 17:48:58

South Korean company Kido Dhaka Limited will invest USD 31.17 million to establish a garment and manufacturing industry at Adamjee Export Processing Zone (EPZ). Bangladesh Export Processing Zone Auth...

Bad loans are bane for banking sector

Bad loans are bane for banking sector

-- 2021-11-08 17:19:02

In any country, a safe and sound banking system is the sine qua non of a strong economy. By channelising funds from savers to borrowers, banks help keep the wheels of the economy moving, in the way b...

DSEX dips below 6,800-mark again

DSEX dips below 6,800-mark again

FE ONLINE REPORT 2021-11-08 17:05:39

Stocks nosedived further on Monday with the prime index of the Dhaka Stock Exchange (DSE) dipping below 6,800-mark as worried investors continued to dump their holdings. DSEX, the prime index of the...

Bourses witness positive trend in early trading

Bourses witness positive trend in early trading

FE ONLINE REPORT 2021-11-08 11:45:38

Stocks opened marginally higher in the early trading on Monday as bargain hunters were showing their buying interest on sector-wise issues. Following the previous day’s sharp decline, DSEX, the...

Lack of docs, database make difficult for woman entrepreneurs to access finance

Lack of docs, database make difficult for woman entrepreneurs to access finance

FE REPORT 2021-11-08 10:39:01

Women-led enterprises in the country have long been facing difficulty in accessing finance of formal channels -- mainly for lack of information, improper documentation, complexity in availing trade...

Most listed private power companies see profit growth in FY21

Most listed private power companies see profit growth in FY21

BABUL BARMAN 2021-11-08 09:58:50

Most listed power generation companies in the private sector logged higher profit year-on-year in the fiscal year (FY) 2020-21, thanks to higher income from subsidiaries, reduced corporate tax and low...

BHBFC to increase authorised capital to Tk 10b

BHBFC to increase authorised capital to Tk 10b

-- 2021-11-07 19:45:23

The BHBFC will increase its authorised capital to Tk 10 billion and paid up capital to Tk 5.0 billion to meet the growing demand, once the concerned law in this regard is enacted, said the finance min...

DSE key index tumbles to two-month low

DSE key index tumbles to two-month low

FE ONLINE REPORT 2021-11-07 16:03:52

Stocks tumbled on Sunday, after a single-day break, with the benchmark index of the Dhaka Stock Exchange (DSEX) tumbled to more than two months low amid late hours selling binge. The market started o...

RMG exports to US grow 26.37pc in Jan-Sept period

RMG exports to US grow 26.37pc in Jan-Sept period

MONIRA MUNNI 2021-11-07 08:50:52

The country's apparel exports to the United States, in terms of both volume and value, continued to rise and maintained a double digit growth during the first nine months of this calendar year. Ban...

$5.0b IFC investment portfolio likely for Bangladesh

$5.0b IFC investment portfolio likely for Bangladesh

FHM HUMAYAN KABIR 2021-11-07 08:47:39

The International Finance Corporation (IFC) plans to fortify its footprint in Bangladesh through extending its investment portfolio to nearly $5.0 billion in the next five years. “We want to ex...

Weekly market review: Stocks tumble as investors sit on the sidelines

Weekly market review: Stocks tumble as investors sit on the sidelines

BABUL BARMAN 2021-11-06 09:49:56

Stocks plummeted for the fourth straight week that ended on Thursday as cautious investors continued to sell off shares in major sectors in the absence of market triggers. Of the five trading days...

Ifad Autos factory gets new automated production lines

Ifad Autos factory gets new automated production lines

ADNAN HOSSAIN BHUIYAN, BACK FROM DHAMRAI 2021-11-06 09:33:31

Ifad Autos Limited, a local commercial vehicle assembler, has recently installed automated production lines in its plant to scale up output and strengthen quality control further. The company has bee...

Meghna Condensed Milk's liabilities exceed assets

Meghna Condensed Milk's liabilities exceed assets

FE REPORT 2021-11-05 12:48:50

Meghna Condensed Milk Industries incurred a net loss of Tk 132.17 million for the year ended on June 30, 2021 while the company's current liabilities exceeded its total assets by Tk 442.14 million. "...

Bangladesh's forex reserves strained due to dollar-price appreciation, costlier imports

Bangladesh's forex reserves strained due to dollar-price appreciation, costlier imports

SIDDIQUE ISLAM 2021-11-05 08:58:52

Bangladesh's foreign-exchange reserves are under pressure from different dimensions, principally for unabated dollar-price appreciation and costlier imports, sources say. Officials attribute the imba...

DSE daily turnover hits six-month low

DSE daily turnover hits six-month low

FE ONLINE REPORT 2021-11-04 15:45:00

Stocks edged higher on Thursday, snapping a four-day losing streak, with turnover hitting a fresh six-month low, as investors were mostly reluctant to make fresh investment amid ongoing pessimism. Th...