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Bangladesh Bank blocks use of banks' unclaimed dividend

Bangladesh Bank blocks use of banks' unclaimed dividend

SIDDIQUE ISLAM 2021-09-14 08:26:46

The central bank has ruled out the use of unclaimed or undisbursed dividends of banks and non-banking financial institutions by the Capital Market Stabilisation Fund (CMSF). Bangladesh Bank officia...

Experts focus on redefining SMEs

Experts focus on redefining SMEs

FE REPORT 2021-09-13 08:52:23

Experts at a virtual dialogue on Sunday emphasised the need for redefining SMEs and startups in the proposed National Industrial Policy to ensure adequate financing - to have a vibrant private sector...

Public hearing on LPG pricing today

Public hearing on LPG pricing today

FE REPORT 2021-09-13 08:35:07

The public hearing to review the pricing formula to fix the retail price of LPG (liquefied petroleum gas) will be held today (Monday). It will continue on Tuesday too if the hearing is not finished...

Quick capital gains lure investors but operators, regulator unconcerned over market bull run

Quick capital gains lure investors but operators, regulator unconcerned over market bull run

MOHAMMAD MUFAZZAL AND BABUL BARMAN 2021-09-13 08:32:34

Capital gains largely lure investors into staking big bets on stocks which spur steady rally of the bourses as returns on bank deposits and other investment tools shrink, according to market analysts....

10 companies grab 21.28pc of weekly turnover at DSE

10 companies grab 21.28pc of weekly turnover at DSE

FE REPORT 2021-09-12 10:19:31

Top 10 companies saw rise in investors' participation in last week compared to previous week on Dhaka Stock Exchange (DSE). In last week, top 10 companies grabbed 21.28 per cent of weekly turnover...

BSEC chief confident of durability of stock market buoyancy

BSEC chief confident of durability of stock market buoyancy

-- 2021-09-12 10:13:06

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam expressed his firm optimism about the durability of the current capital market buoyancy, saying that no...

Bangladesh saw record budget deficit of Tk 1.87tn last fiscal year

Bangladesh saw record budget deficit of Tk 1.87tn last fiscal year

JASIM UDDIN HAROON 2021-09-12 10:09:43

Bangladesh's budget deficit amounted to a record Tk 1.87 trillion in the past financial year as stimulus packages and emergency health payouts bloated public spending against revenue shrinkage for p...

Bangladesh acquires 1.0pc stake of New Development Bank

Bangladesh acquires 1.0pc stake of New Development Bank

FHM HUMAYAN KABIR 2021-09-12 10:03:27

Bangladesh finally attains 1.0- per cent share in the Shanghai-based New Development Bank (NDB) as the country has been offered one of three fortunate shareholders after the five founding BRICS nati...

Economy faces challenges of revenue shortfall and defaulting bank loans: Document

Economy faces challenges of revenue shortfall and defaulting bank loans: Document

-- 2021-09-11 17:38:18

Revenue deficit defaulting bank loans and worsening poverty situation due to COVID-19 are causing some problems in the country’s economy. According to a budgetary document, revenue deficit and...

DSE market cap adds Tk 226b in a week

DSE market cap adds Tk 226b in a week

BABUL BARMAN 2021-09-11 09:16:31

The stock market witnessed yet another bullish week with market-cap of Dhaka Stock Exchange (DSE) climbing to a historical high, thanks to increased investor participation. The market capitalisatio...

Reduction in service charge for microfinance institutions uncertain

Reduction in service charge for microfinance institutions uncertain

ISMAIL HOSSAIN 2021-09-11 09:07:52

A government move to cut service charge for microcredit operations remains stuck in limbo, especially for non-cooperation from the sector. Seven months ago, the regulator initiated to slash the cur...

Ministries alerted to lax execution of development budget

Ministries alerted to lax execution of development budget

REZAUL KARIM 2021-09-11 09:00:45

Lax execution performance and under-par quality of works prompted the high-ups to ask all ministries and divisions to ensure proper supervision to check misuse of state funds in development projects...

Single-point mooring to save govt Tk 8.0b per annum

Single-point mooring to save govt Tk 8.0b per annum

M AZIZUR RAHMAN, Back from Moheshkhali 2021-09-11 08:39:54

The government would save Tk 8.0 billion annually by cutting the carrying cost of petroleum products from outer anchorage to fuel tankers once the SPM (single-point mooring) project is complete. An e...

IFC to issue taka bond on Bangladesh bourse

IFC to issue taka bond on Bangladesh bourse

FHM HUMAYAN KABIR 2021-09-11 08:33:16

The International Finance Corporation (IFC) plans to issue taka-denominated bond on the Bangladesh market to extend financial support to domestic industries and agencies in need of funds. Official...

BB softens terms, extends time for SME loan disbursement

BB softens terms, extends time for SME loan disbursement

FE REPORT 2021-09-10 10:56:09

The central bank of Bangladesh Thursday eased some rules related to implementation of the corona recovery stimulus package dedicated to cottage-micro-SME sector, as they had faced odds in accessing th...

Bangladesh eases rules for re-exporting products returned by foreign buyers

Bangladesh eases rules for re-exporting products returned by foreign buyers

DOULOT AKTER MALA 2021-09-10 10:52:13

Re-export of products returned by foreign buyers to Bangladesh has been simplified through relaxing restrictions in customs rules under a special order, now that a crunch time prevails over the world....

Business leaders, bankers explore solution to long-term lending for smaller units

Business leaders, bankers explore solution to long-term lending for smaller units

FE REPORT 2021-09-10 10:48:21

The country's business leaders and top bankers have stressed the need for a collective effort to find a solution to a long-term lending for industries, especially for the small and medium enterprises...

DSEX surpasses 7200-mark to reach a new peak

DSEX surpasses 7200-mark to reach a new peak

FE ONLINE REPORT 2021-09-09 16:06:21

The prime index of the Dhaka Stock Exchange (DSE) crossed the 7,200-mark on Thursday riding large-cap stocks despite the market opening on a selling spree. The market fell sharply at opening with the...

DSEX crosses 7200-mark after two hours, despite dismal opening

DSEX crosses 7200-mark after two hours, despite dismal opening

FE ONLINE REPORT 2021-09-09 12:51:32

The prime index of the Dhaka Stock Exchange (DSE) surpassed a 7,200- point mark on Thursday after two hours of trading though the market opened with selling pressure. DSEX, the prime index of the Dha...

Bourses slide at opening as regulator seeks reason behind rise of junk stocks

Bourses slide at opening as regulator seeks reason behind rise of junk stocks

FE ONLINE REPORT 2021-09-09 11:23:42

Stocks slide at the opening on Thursday as investors were selling mood following the securities regulator move to find out the reasons behind soaring prices of listed securities with poor price-earnin...

Why prices of junk shares surge, BSEC seeks to know role of margin loan

Why prices of junk shares surge, BSEC seeks to know role of margin loan

MOHAMMAD MUFAZZAL 2021-09-09 09:12:46

Amid a bull run of the bourse, the regulator moves to check what lies behind abnormal share-price surge of many listed companies with poor fundamentals, so no bubble does occur. The Bangladesh Securi...

Stocks stay afloat to hit new highs

Stocks stay afloat to hit new highs

FE ONLINE REPORT 2021-09-08 16:05:31

Stocks continued to break their previous records, as all three indices and market-cap of the Dhaka Stock Exchange (DSE) set at new highs on Wednesday. DSEX, the benchmark index of the DSE, went up by...

Govt to provide automated services to taxpayers

Govt to provide automated services to taxpayers

-- 2021-09-08 15:38:35

The government has taken several measures to provide seamless services to the taxpayers through automation and digitalisation of Income Tax, VAT and Customs Departments under the National Board Revenu...

Stocks open higher amid positive trend

Stocks open higher amid positive trend

FE ONLINE REPORT 2021-09-08 10:59:22

Stocks opened higher on Wednesday as buoyant investors are putting fresh bets on stocks amid high hopes. After crossing the prime index 7,000-mark, DSEX, the prime index of the Dhaka Stock Exchange...

Doreen Power's stock jumps 18pc in four days sans PSI

Doreen Power's stock jumps 18pc in four days sans PSI

FE REPORT 2021-09-08 08:57:27

Doreen Power Generations & Systems is witnessing an 'abnormal' price hike and increase in volume of shares though the company has no undisclosed price-sensitive information (PSI). Within four tra...

Fastest-growing e-commerce left rudderless, taxmen in a quandary over taxing virtual trade

Fastest-growing e-commerce left rudderless, taxmen in a quandary over taxing virtual trade

DOULOT AKTER MALA 2021-09-08 08:23:55

The fastest-growing e-commerce that has been carrying out trade transactions worth billions is yet to get government recognition as a business category, sources say. The e-commerce businesses do not...

Newly listed SBAC Bank declares 8.0pc dividend

Newly listed SBAC Bank declares 8.0pc dividend

FE ONLINE REPORT 2021-09-07 20:10:00

The board of the directors of newly listed South Bangla Agriculture & Commerce Bank (SBAC) has recommended 4.0 per cent cash and 4.0 per cent stock dividend for the year ended on December 31, 2020...

DSE continues record-breaking rally

DSE continues record-breaking rally

FE ONLINE REPORT 2021-09-07 15:20:57

Stocks continued to break their previous records, as all three indices and market-cap of the Dhaka Stock Exchange (DSE) set at new highs on Tuesday. DSEX, the benchmark index of the DSE, went up by 6...

Stocks open sharply higher

Stocks open sharply higher

FE ONLINE REPORT 2021-09-07 10:49:53

Stocks opened sharply higher on Tuesday as buoyant investors are putting fresh bets on stocks amid high hopes. After crossing the prime index 7,000-mark, DSEX, the prime index of the Dhaka Stock Exch...

Cautious rope walking wise for Bangladesh skipping any orbit, say policy researchers

Cautious rope walking wise for Bangladesh skipping any orbit, say policy researchers

FE REPORT 2021-09-07 10:17:58

Bangladesh should proactively engage with the World Trade Organisation (WTO) to redress any fallout from the emerging geopolitics-geoeconomics diarchies in aftermaths of pandemic and the country's...