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CSE revises its two price indices, effective from Sept 12

CSE revises its two price indices, effective from Sept 12

FE ONLINE REPORT 2021-09-01 17:30:36

The Chittagong Stock Exchange (CSE) has revised its two price indices – CSE-30 Index and CSE-50 Index on the basis of the performance of the CSE-listed companies. The CSE-30 Index and the CSE-5...

Stocks extend rally to set new records

Stocks extend rally to set new records

FE ONLINE REPORT 2021-09-01 16:14:44

Stocks extended the winning streak for the two straight sessions on Wednesday with all indices and market-cap of the prime bourse setting at new highs thanks to increased participation of the investor...

DSEX crosses 6900-mark at opening

DSEX crosses 6900-mark at opening

FE ONLINE REPORT 2021-09-01 10:51:51

Stocks opened on a flying note on Wednesday, with the key index of the major bourse crossing the 6,900-mark in early trading, as buoyant investors put fresh bets on major sector shares amid positive e...

New IPO quotas set for general, eligible investors

New IPO quotas set for general, eligible investors

FE REPORT 2021-09-01 08:13:34

The securities regulator has issued revised public issue rules, setting new IPO (initial public offering) quotas for general and other eligible investors (EIs). To this effect, a gazette notificati...

Bangladesh seeks strong policy, support for LDCs, graduating LDCs

Bangladesh seeks strong policy, support for LDCs, graduating LDCs

FE ONLINE REPORT 2021-08-31 18:05:41

Bangladesh urged the global communities for stronger policies, measures and new support for the LDCs as well as the graduating LDCs, said Foreign Ministry on Tuesday. Foreign Minister Abdul Momen m...

Stocks open higher with low turnover

Stocks open higher with low turnover

FE ONLINE REPORT 2021-08-31 11:04:16

Stocks opened on a positive note on Tuesday, after a three-day correction, as the bargain hunters were showing their buying appetite on sector-wise issues. Following the previous three days’ mo...

IFIC Bank to issue Tk 5.0b subordinated bond

IFIC Bank to issue Tk 5.0b subordinated bond

FE ONLINE REPORT 2021-08-31 10:56:13

The board of directors of IFIC Bank has taken a decision to issue Tk 5.0 billion subordinated bond to raise Tier-2 capital of the bank. The bank has decided to issue the non-convertible subordinated...

CMSMEs to get loans worth Tk 2.0b from next month

CMSMEs to get loans worth Tk 2.0b from next month

FE REPORT 2021-08-31 09:05:06

SME Foundation is set to disburse credit worth Tk 2.0 billion under the government's second phase of stimulus package from next month, aiming to help entrepreneurs sustain their ventures amid pandemic...

Jute Spinners' stock jumps 81pc

Jute Spinners' stock jumps 81pc

FE REPORT 2021-08-31 08:59:03

The share price of Jute Spinners, a junk stock, is rising on the Dhaka Stock Exchange (DSE) despite the company incurring losses. The company is also not in operation for more than five years. Wit...

Eastern Bank better withstands pandemic shocks

Eastern Bank better withstands pandemic shocks

SIDDIQUE ISLAM 2021-08-31 08:54:39

Eastern Bank Limited (EBL) has continued to strike a balance between liquidity, profitability and solvency to post a positive growth in the first half (H1) of 2021 calendar year. The private commerci...

AIIB to review Bangladesh projects for quicker execution

AIIB to review Bangladesh projects for quicker execution

FHM HUMAYAN KABIR 2021-08-31 08:23:51

The Asian Infrastructure Investment Bank (AIIB), new-generation development financier, is set to review Bangladesh projects shortly for speeding up execution by removing bottlenecks. Officials said...

Nordic companies urged to invest in Bangladesh

Nordic companies urged to invest in Bangladesh

FE ONLINE REPORT 2021-08-30 14:32:47

Stakeholders at a virtual discussion urged the Nordic investors to take advantage of an improved business climate in Bangladesh, highlighting the reforms initiated by the government in recent times....

AIMS approves dividends for its two MFs

AIMS approves dividends for its two MFs

FE REPORT 2021-08-30 08:50:42

The Trustee Committee of two closed-end mutual funds under management of AIMS of Bangladesh, the country's first private asset-management company (AMC), has approved dividends for the year ended on Ju...

Regulator to fine ICB companies for violation of rules

Regulator to fine ICB companies for violation of rules

FE REPORT 2021-08-30 08:39:22

The securities regulator has decided to penalise ICB Securities Trading Company for disbursing margin loans to its clients without any agreement, which is a violation of securities rules. However,...

Sri Lanka set to get another $100m from Bangladesh under swap arrangement

Sri Lanka set to get another $100m from Bangladesh under swap arrangement

SIDDIQUE ISLAM 2021-08-30 08:32:58

Bangladesh is set to send US$100 million more to Sri Lanka today (Monday) to help the island nation in minimising foreign-exchange crunch on their economy, officials said. The fund from Bangladesh...

Bata Shoe returns to profit in April-June

Bata Shoe returns to profit in April-June

FE ONLINE REPORT 2021-08-29 16:02:06

Bata Shoe Company (Bangladesh) has returned to profit in the second quarter (Q2) for April-June 2021 as against the same quarter last year thanks to a boost in sales.  The company has reported i...

Stocks drop further with falling turnover

Stocks drop further with falling turnover

FE ONLINE REPORT 2021-08-29 15:31:48

Stocks dropped further on Sunday, extending the losing streak for the third straight session, as investors mostly followed a cautious stance following the central bank’s ongoing investigation of...

Express Insurance declares 2.0pc final dividend

Express Insurance declares 2.0pc final dividend

FE ONLINE REPORT 2021-08-29 11:24:38

The board of directors of Express Insurance Company has recommended a 2.0 per cent final cash dividend for the year ended on December 31, 2020. With the latest, the company now declared a total 7.0 p...

Stocks open mixed with low turnover

Stocks open mixed with low turnover

FE ONLINE REPORT 2021-08-29 10:57:19

Stocks witnessed a mixed trend at the opening on Sunday, the first day of the week, as investors mostly followed a cautious stance amid the central bank’s investigation of banks investment in th...

BRAC Bank to issue Tk 6.0b bond to provide affordable housing finance

BRAC Bank to issue Tk 6.0b bond to provide affordable housing finance

FE ONLINE REPORT 2021-08-29 10:40:31

BRAC Bank has decided to issue non-convertible bonds worth up to Tk 6.0 billion to raise funds for providing affordable housing finance to lower and middle-income groups of the country. The bank wi...

Abnormal price rise of shares of 15 companies

Abnormal price rise of shares of 15 companies

FE REPORT 2021-08-29 09:35:46

Some 15 listed companies recently saw abnormal rise in share prices though there was no undisclosed price-sensitive information (PSI). According to information of Dhaka Stock Exchange (DSE), the co...

Regulator moves to remove IPO quota

Regulator moves to remove IPO quota

MOHAMMAD MUFAZZAL 2021-08-29 09:32:37

The securities regulator has moved to remove IPO quota gradually to ensure equal participation of general and institutional investors as the market is better now after 2010-11 debacle. As part of t...

Stakeholders call for developing local market, production capacity

Stakeholders call for developing local market, production capacity

FE DESK REPORT 2021-08-29 09:25:06

Speakers at a virtual dialogue on Saturday stressed the need for developing local market and manufacturing capacity to face emerging challenges and remain competitive in the post-LDC era. They also s...

Bangladesh's business recovery hurt by 2nd wave lockdown

Bangladesh's business recovery hurt by 2nd wave lockdown

FE REPORT 2021-08-29 09:04:22

The lockdown enforced to control the second wave of coronavirus transmission has slowed down the business-recovery process in Bangladesh as 64 per cent of the firms registered poor rebound from the pa...

Safety net payout thru’ MFS eases life, improves efficiency

Safety net payout thru’ MFS eases life, improves efficiency

FE REPORT 2021-08-29 08:57:45

Digitisation of the government aid and safety net allowance disbursement is directly helping in attaining social and financial inclusion of the marginalised people across the country. This digitisa...

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

FE ONLINE REPORT 2021-08-28 19:40:25

In the potential hotspot of great power rivalry and amid threats of civil war in the neighbourhood, Bangladesh needs to formulate a package of policies for pursuing economic interests utilising its se...

Govt mulls a watchdog for defaulting loans

Govt mulls a watchdog for defaulting loans

-- 2021-08-28 18:59:25

The government is mulling the formation of a watchdog that would deal with the systematic problems of non-performing loans that have troubled some banks and financial institutions over the years, acco...

MCCI foresees higher export receipts, remittance inflow

MCCI foresees higher export receipts, remittance inflow

FE REPORT 2021-08-28 10:50:13

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) forecasts an upturn in export receipts, import values and inward remittance at the end of the first quarter of this fiscal. According t...

'Policy shift under way to ease global trade'

'Policy shift under way to ease global trade'

FE REPORT 2021-08-28 10:08:45

In the wake of the Covid-19 pandemic, policy changes are taking place across the world in recent times to facilitate international trade. Keeping this in mind, stakeholders, especially bankers, shoul...

Lacklustre economic indicators weaken fiscal framework

Lacklustre economic indicators weaken fiscal framework

FE REPORT 2021-08-28 10:02:47

Bangladesh's premier trade chamber, MCCI, finds some less-promising economic indicators-revenue mobilisaiton and public expenditure in particular-are weakening the country's fiscal framework. The Met...