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Bangladesh regains 40pc cancelled RMG export orders: Foreign minister

-- 2020-10-27 22:37:27

Foreign Minister AK Abdul Momen on Tuesday said Bangladesh has regained 40 per cent of readymade garment (RMG) export orders, which were cancelled by different countries amid COVID-19, due to efforts...

‘Investment in mutual funds more profitable than fixed deposits’

-- 2020-10-27 21:24:39

Chairman of the Bangladesh Securities and Exchange Commission (BSEC) Shibli Rubayat-Ul-Islam has said investment in mutual funds is much more profitable than the fixed deposits in banks. “The c...

Dhaka bourse ends slightly lower

FE ONLINE REPORT 2020-10-27 15:52:50

Dhaka Stock Exchange on Tuesday closed marginally lower amid choppy trading throughout the whole session. On the day, major sectors such as bank, financial institutions and pharmaceuticals witnessed...

US sanction fear dissuades Bangladesh from tapping Russia export market

REZAUL KARIM 2020-10-27 09:54:47

Country's banks are reluctant to establish direct transaction links with the Russian banks amid the fear of possible US sanction, officials said. The fear was expressed in a position paper prepared b...

Bangladesh to simplify FDI policy for companies leaving China

-- 2020-10-26 18:19:51

Bangladesh is looking at simplifying its foreign direct investment (FDI) policy as well as the corporate taxation system to lure companies seeking to move their manufacturing base from China in view o...

GDP more of a 'black box' to common man: Economists

FE REPORT 2020-10-26 11:28:11

Some leading economists on Saturday suggested exploring 'exceptional indicators' that would help make the economic development visible and easily understandable to the common man. They also expressed...

BB favours bond issued by stock market intermediaries to increase liquidity

SIDDIQUE ISLAM and MOHAMMAD MUFAZZAL 2020-10-26 09:50:13

The central bank has suggested that the securities regulator allow stock market intermediaries to issue bonds for improving the inflow of liquidity in the country's capital market. The suggestion cam...

BPC identifies 800 tourist spots in eight divisions

-- 2020-10-25 20:17:40

The Bangladesh Parjatan Corporation (BPC) has identified more than 800 tourist spots in eight divisions of the country. The Parliamentary Standing Committee on the Ministry of Civil Aviation and Tour...

Bangladesh: From a ‘basket case’ to a robust economy

Mark Tully 2020-10-24 20:34:35

The International Monetary Fund’s (IMF) projection that Bangladesh’s per capita income in dollar terms is likely to overtake India’s has focused attention on a nation that has risen...

‘Sea tourism can help Bangladesh beat Covid blues’

UNB 2020-10-24 18:11:51

For a country that has the world's largest mangrove forest Sundarbans, the good old port of Chattogram, sandy beach Cox’s Bazar, the beautiful Teknaf peninsula and eye-catching Saint Martin Isla...

Benchmark index, turnover edge up on DSE

FE Report 2020-10-24 10:16:01

Dhaka bourse in last week posted a marginal rise in broad index and a moderate rise in turnover as major sectors performed mixed following investors' stance of diversifying portfolios. Dhaka Stock Ex...

Bankers bullish on boost in country's exports

FE REPORT 2020-10-24 09:37:53

Open account financing has the potential to boost the country's exports, but higher pricing compared with LCs may erode competitive edge of exporters, bankers say. The views came at a webinar on Frid...

Bangladesh ducks recession, but economists see inflation threat

SIDDIQUE ISLAM 2020-10-24 09:31:52

Increased money supply in the last six months following a substantial growth in high-powered money has helped Bangladesh avert possible recession, but economists say inflationary pressure is building...

Why Bangladesh’s GDP is projected to grow despite COVID-19

-- 2020-10-23 19:30:37

The following article appeared on indiaspend.com on October 20, 2020 India’s gross domestic product will contract by 10.3% and per capita income by 11.2% in 2020-21, while Bangladesh&rs...

Bangladesh to unveil eighth five-year plan in Nov after pandemic delay

-- 2020-10-23 13:30:58

The term of the Seventh Five-Year Plan ended in June, but the government failed to finalise a new plan by then as the coronavirus pandemic gripped Bangladesh, bdnews24.com reports. The General Econom...

IMF emphasises efficiency, productivity of the Bangladesh economy

FE REPORT 2020-10-23 09:45:26

Bangladesh needs to focus more on the supply-side policies to make the economy more efficient through augmenting a favourable business climate, the International Monetary Fund (IMF) said. It also sug...

Farm loan disbursement increases 32pc in July-Sept quarter

SIDDIQUE ISLAM 2020-10-23 09:32:22

Agriculture loan disbursement grew by nearly 32 per cent or Tk 11.30 billion in the first quarter (Q1) of the current fiscal year (FY), 2020-21, following implementing stimulus packages along with pro...

2,84,000 expats go abroad by October 15, finance minister says

-- 2020-10-21 22:08:52

Finance Minister AHM Mustafa Kamal has said at least 2,84,000 workers from Bangladesh joined their workplaces in overseas during the coronavirus pandemic till October 15. The minister said the number...

NBR strengthens efforts to expand tax net

-- 2020-10-21 21:52:33

To tighten the noose around tax evaders and expand the tax net, the National Board of Revenue (NBR) is pulling out all the stops. The revenue collection authority has formed as many as 120 teams to b...

DSE MD Kazi Sanaul Hoq resigns

-- 2020-10-21 20:29:52

Managing Director of Dhaka Stock Exchange Kazi Sanaul Hoq has stepped down from his post citing personal reasons. Sanaul submitted the resignation letter on October 8, the DSE said in a statement on...

Bangladesh, ADB pledge 'special actions' for enhancing project performances

-- 2020-10-21 18:03:59

Bangladesh and Asian Development Bank (ADB) on Wednesday agreed to undertake 'special actions' in order to expedite the implementation of ADB-assisted projects in this country for promoting faster eco...

Dhaka bourse posts modest gain in early trading

FE Online Report 2020-10-21 11:44:59

Dhaka bourse on Wednesday made a positive start following investors’ increased participation, mostly on small cap companies including insurers. After one hour of the session, DSEX, the broad in...

Regent Textile to acquire 99pc shares of Legacy Fashion

FE REPORT 2020-10-21 10:53:39

Regent Textile Mills, a listed company, will acquire 99 per cent shares of Legacy Fashion at a value of Tk 830.115 million based on net asset value reported in the financial statement for the year end...

Tax revenue collection getting over pandemic hangover

DOULOT AKTER MALA 2020-10-21 10:47:09

Tax revenue collection started gaining momentum gradually after the Covid-19 pandemic fallout, posting 4.11 per cent growth in the first quarter (Q1) of the current fiscal year (FY), 2020-21, compared...

IFC survey finds less than 1.0pc Bangladeshi MSMEs get stimulus funds

FE REPORT 2020-10-21 09:34:20

Only 0.4 per cent of the country's micro, small and medium enterprises (Msmes) received financing from banks and financial institutions under the government's packages to recover from the Covid-19 p...

Dhaka's access to GSP-plus subject to rights and governance reforms: EU

MIR MOSTAFIZUR RAHAMAN 2020-10-21 09:32:06

Bangladesh will not get the 'Generalised Scheme of Preferences (GSP)-Plus' facility until it implements the 27 core UN conventions on labour reforms, human rights and governance, says the European Uni...

RMG workers pray for orders as pandemic shreds exports

-- 2020-10-20 21:40:39

Bangladesh garment factory owner Shahidullah Azim laid off 20 per cent of his workers in the wake of the first wave of the coronavirus pandemic. Now watching the second wave build in Europe and the Un...

'Agriculture sector to be worst sufferer of possible second Covid wave'

-- 2020-10-20 21:11:28

Agriculture Minister Muhammad Abdur Razzaque has said the Agriculture sector of the country will be the worst sufferer if the second wave of Coronavirus outbreak hits the country in the upcoming winte...

BB relaxes provisioning against unclassified consumer loans

FE Online Report 2020-10-20 18:52:55

The central bank of Bangladesh has relaxed provisioning against unclassified loans of all categories under consumer financing, excluding house finance to expedite the flow of consumer loans in the ban...

Dhaka stocks maintain positive trend at midday

FE Online Report 2020-10-20 12:47:13

Dhaka bourse on Tuesday opened on positive note and maintained the trend for more than two hours following investors’ increased participations. Traders’ participation was mostly concentra...