Search results for: ban

Ensure depositors’ trust and good governance in banks: Economists

-- 2022-12-17 17:32:14

Economists, during a discussion today, said the country’s banking sector is under threat due to lack of trust and good governance in banks.Influential groups are involved, which is alarming for...

Five Shariah-based banks under 'close watch' after reports of suspicious lending

-- 2022-12-17 10:02:16

Bangladesh Bank has launched fresh efforts to closely supervise five of the 10 Islamic banks in the country following allegations of irregularities in the disbursement of big loans, bdnews24.com repor...

Two DSE shareholder directors elected uncontested

FE REPORT 2022-12-16 10:50:59

Two outgoing shareholder directors at the Dhaka Stock Exchange were reelected for the posts for the next three years until 2025 as no one else came forward to compete with them. The election went unc...

HC seeks explanation of inaction against IPO rules breach

SAJIBUR RAHMAN 2022-12-16 09:48:44

A High Court (HC) rule asked the authorities concerned as to why their inaction against a publicly-listed company for fraudulence and false statements in its prospectus should not be declared illegal....

Small cos emerge as market movers while giants stay unmoved from floor

FE REPORT 2022-12-16 09:24:03

A handful of low-cap companies pulled the index into the green this week as political tension eased a bit and large-cap companies remained reluctant to budge from the floor. The stocks -- Kohinoor Ch...

HC issues rule against BSEC, DSE, CSE for failing to regulate Acme Pesticides Ltd

SAJIBUR RAHMAN 2022-12-15 18:03:19

The High Court issued a rule asking the authorities concerned to show causes as to why their inaction or failure to take action against a public listed company for its fraudulent conduct and false sta...

BSEC plans cash dividend transfer to BO accounts to spur reinvestment

MOHAMMAD MUFAZZAL 2022-12-15 08:59:51

The securities regulator has been thinking hard about introducing a provision that will require cash dividends to be deposited into investors' BO (beneficiary owner's) accounts, instead of bank accoun...

Govt tightens its spending further

FE REPORT 2022-12-15 08:48:22

In the wake of adverse global economic situation, the government has further cut its spending from the national budget for the current fiscal year (FY). The finance division in a notification issued...

Panic withdrawal, savings squeeze reduce banking liquidity

JUBAIR HASAN 2022-12-15 08:23:30

Liquidity situation of banks continues to be under stress as total liquid assets in Bangladesh's banking system declined 5.92 per cent in October compared to June 2022 position. According to the mont...

TCB to procure 27.5 million litres of soybean oil for OMS programme

-- 2022-12-14 19:07:55

State-owned Trading Corporation of Bangladesh (TCB) will procure 27.5 million litres of Soybean oil from local suppliers for its Open Market Sale (OMS) programme. Cabinet Committee on Government Purc...

E-commerce market size to reach Tk 1.5t by 2026

-- 2022-12-14 18:02:49

Speakers at a discussion have said that proper regulatory measures could help boost the e-commerce business in Bangladesh by creating a sustainable image of the sector already been wounded by some b...

Bangladesh seeks Sweden's continued support to make LDC graduation smooth

-- 2022-12-14 16:43:54

State Minister for Foreign Affairs Md Shahriar Alam has said Bangladesh looks forward to Sweden's continued support to make the LDC graduation smooth and sustainable. He hoped that Bangladesh's onwar...

Govt aims to increase money supply to 16.5pc

-- 2022-12-14 16:12:02

The government has fixed a target to increase the money supply to 16.5 per cent from the existing 15.6 per cent in the next two fiscals. As per a government document, in 2022-23 fiscal, the rate of...

Blemished by scams, bank stocks lose value more than key index

BABUL BARMAN 2022-12-14 09:11:20

The banking sector has experienced annual erosion of stocks' market capitalization to the economic volatility at a higher rate than the overall market, with the newly-listed Union Bank and Global Isla...

Islami Commercial Insurance makes debut trading today

FE REPORT 2022-12-14 09:09:59

Islami Commercial Insurance Company will make its trading debut on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) under "N" category today (Wednesday). It will be the 56th lis...

Banco Finance MD, his family face penalties for breach of rules

FE REPORT 2022-12-14 08:57:34

The securities regulator has imposed penalties amounted to Tk 235.5 million on six individuals and a company for violation of rules. Managing Director of Banco Finance and Investments Mohammad Hamd...

ADP slowdown annoys govt, faster pace ordered

FHM HUMAYAN KABIR 2022-12-14 08:53:20

Annual Development Programme (ADP) slowdown annoys the government and prompts it to direct top ministries to expedite project execution, officials said Tuesday. During the July-October period of th...

Bangladesh seeks Saudi support to meet energy demand

-- 2022-12-13 16:43:55

State Minister for foreign affairs Md Shahriar Alam has said Bangladesh needs "brotherly support" from Saudi Arabia to fulfil its energy demands amid the global oil crisis due to the Russia-Ukraine wa...

Moody’s to review 7 Bangladeshi banks for downgrade

FE ONLINE DESK 2022-12-13 14:50:52

Credit rating agency Moody’s Investors Service has placed the long-term ratings for seven Bangladeshi banks on review for downgrade following its decision to review Bangladesh’s long...

Good stocks fail to boost long-term investments, despite impressive yields

Mohammad Mufazzal 2022-12-13 09:06:37

The regulatory body and experts' repeated insistence on long-term stock investments for high returns falls on deaf ears, reflected in the overall market's behaviour. But a quick calculation may help...

Index Agro to expand capacity to meet higher demand

FE REPORT 2022-12-13 09:05:31

Index Agro Industries - a manufacturer of poultry, fish and cattle feed - has decided to invest Tk 140 million to enhance its raw material storage capacity in the feed mills division at Valuka in My...

Italy takes up $3m project for BD workers’ migration management

FE REPORT 2022-12-13 08:54:18

Italy has adopted a cooperation project to extend supports to strengthen migration management for Bangladeshi migrant workers. The contribution amounting to US $3.0 million will focus on ensuring saf...

FBCCI for increasing manpower export to Romania

-- 2022-12-12 20:25:30

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is looking for opportunities to increase the export of manpower as well as readymade garments, textile, leather, plastic, and pha...

UAE keen to increase engagement with Bangladesh

-- 2022-12-12 15:42:34

The United Arab Emirates (UAE) has sought cooperation from the Bangladesh government for the operation of Abu Dhabi-based Wizz Air flights between Abu Dhabi and Dhaka/Chittagong as a low-cost airline....

Stocks open higher with increased participation

FE ONLINE REPORT  2022-12-12 12:00:51

Stocks opened marginally higher on Monday as bargain hunters showed their appetite for buying sector-wise stocks amid eased political tension. Following the previous day’s upbeat trend, the mar...

Low rights offering: Result of prevention of abuse

BABUL BARMAN 2022-12-12 09:21:55

The seven-year-low fund raised via rights shares this year has been blamed largely on the tightening of regulatory measures, but experts believe the decline happened to the advantage of investors with...

BSC no longer loss-making entity, says minister

NAZIMUDDIN SHYAMOL 2022-12-12 09:19:23

CHATTOGRAM: Once a losing concern, the Bangladesh Shipping Corporation had earned much more than spent in the last three consecutive financial years while its net profits also significantly rose in th...

Stocks open higher as political tension eases

FE ONLINE REPORT 2022-12-11 11:36:40

Stocks opened higher on Sunday as the bargain hunters showed their buying appetite on sector-wise stocks following eased political tension to some extent as BNP rally held peacefully on Saturday. Mar...

Market diversification: A shield yet to be strong enough to protect investors

Mohammad Mufazzal 2022-12-11 09:05:54

Thousands of investors burnt their fingers in the stock market debacles in 1996 and 2010, and many of them are yet to recover from the financial damages inflicted on them in the latest incident. Th...

KFD, ADFD may lend $73m to build Chunkuri Bridge

FHM HUMAYAN KABIR 2022-12-11 08:48:49

Two Middle-eastern development partners are likely to provide US$73 million in loans to facilitate a major bridge construction in Bangladesh's southern region, officials said on Saturday. The Kuwait...