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Engineering sector proves to be the best 2020 stock market performer

Engineering sector proves to be the best 2020 stock market performer

FE REPORT 2021-01-01 12:02:45

The engineering sector emerged as the best performer on the Dhaka Stock Exchange (DSE) in 2020, with a gain of 133 per cent, while the life insurance sector was the worst performer as it wiped off 3.5...

Sales of savings schemes more than triple

Sales of savings schemes more than triple

FE REPORT 2021-01-01 09:42:30

The net sale of state-run savings instruments more than tripled in the July-November period of this fiscal year (FY), 2020-21, than that of the corresponding period of previous fiscal. The Departme...

Extension of support package will bring RMG to next level, says BGMEA chief

Extension of support package will bring RMG to next level, says BGMEA chief

MONIRA MUNNI 2021-01-01 09:35:15

After an 'unprecedented' year in 2020 riddled with scars of the pandemic, the country's readymade garment (RMG) sector is ushering in the new year 2021 amid some challenges and hopes also, an industry...

Survive, revive and then thrive, new DCCI President says on priorities

Survive, revive and then thrive, new DCCI President says on priorities

SYFUL ISLAM 2021-01-01 09:27:01

Bangladesh's economy will eke out "satisfactory" growth next year provided private investments and international trade remain buoyant, a leading voice on private business has said. "While uncertainti...

Bangladesh recovery to take three years, forecasts MCCI chief

Bangladesh recovery to take three years, forecasts MCCI chief

JUBAIR HASAN 2021-01-01 09:17:00

Bangladesh would need at least three years to not just get back to the full speed of the economic activities but to overcome the losses caused by the Covid-19 pandemic, the chief of the country's olde...

Planning Commission discourages execution of unimportant projects this fiscal year

Planning Commission discourages execution of unimportant projects this fiscal year

FHM HUMAYAN KABIR 2021-01-01 09:08:25

The government pursued a cautious stance in 2020 while approving development projects and releasing funds amid fears of higher budget deficit due to the adverse impact of Covid-19 pandemic, according...

Every IPO applicant to get shares, stock market regular decides

Every IPO applicant to get shares, stock market regular decides

FE REPORT 2021-01-01 08:59:27

Every initial public offering (IPO) applicant will get primary shares on a pro rata basis as the stock market regulator scrapped the lottery system for general investors in an IPO. The Bangladesh S...

Private commercial banks mostly see profit fall

Private commercial banks mostly see profit fall

SIDDIQUE ISLAM 2021-01-01 08:55:53

The operating profit of majority of the private commercial banks (PCBs) shrunk in the just-concluded calendar year mainly due to the impact of Covid-19 and implementation of the single-digit interes...

Experts emphasise accurate data for post-pandemic recovery

Experts emphasise accurate data for post-pandemic recovery

-- 2020-12-31 22:25:25

The recovery of the country's economy following the coronavirus crisis is long and slow due to data scarcity, experts said. Relief distribution is also affected due to the lack of a proper database,...

IFAD to provide $18m to rebuild microenterprises, support smallholders  in Bangladesh

IFAD to provide $18m to rebuild microenterprises, support smallholders in Bangladesh

UNB 2020-12-31 18:21:04

The International Fund for Agricultural Development (IFAD) will provide Bangladesh with an additional loan of US$18.07 million to rebuild microenterprises and support smallholders who have been affect...

Brokerage firms allowed to open new branch offices across Bangladesh

Brokerage firms allowed to open new branch offices across Bangladesh

FE REPORT 2020-12-31 10:22:40

The stock market regulator has allowed brokerage firms to open new branch offices across the country after nine years following the long-standing demand of the stockbrokers. The Bangladesh Securiti...

All borrowers can now enjoy loan moratorium, central bank clarifies

All borrowers can now enjoy loan moratorium, central bank clarifies

FE REPORT 2020-12-31 09:24:42

Borrowers who rescheduled their defaulted loans under the Bangladesh Bank's (BB) relaxed policy in 2019 are now allowed to enjoy loan moratorium facilities like other clients, officials said. Besides...

Vaccine rekindles hopes of Bangladesh economic recovery

Vaccine rekindles hopes of Bangladesh economic recovery

JASIM UDDIN HAROON 2020-12-31 08:10:16

Like most countries in the world, Bangladesh bids farewell to 2020 today (Thursday), a pandemic-devastated year that upended people's normal lifestyle while bringing the country's economic wheel to...

Forex reserve crosses $43b-mark

Forex reserve crosses $43b-mark

FE ONLINE REPORT 2020-12-30 18:59:54

Bangladesh’s foreign exchange (forex) reserve crossed US$43 billion-mark for the first time in the history of the country on Wednesday following lower import payment obligations and higher growt...

Bangladesh’s economy to perform better next year, finance minister says

Bangladesh’s economy to perform better next year, finance minister says

-- 2020-12-30 18:40:21

Finance Minister AHM Mustafa Kamal on Wednesday said Bangladesh’s economy will perform better in the next year as all indicators of the country’s economy are in good position despite COVID...

Stocks end 2020 on a positive note

Stocks end 2020 on a positive note

FE ONLINE REPORT 2020-12-30 16:08:29

Stocks extended the winning streak for the sixth straight days on Wednesday, with key index crossing the 5,400-mark after 18 months, the last trading day of the year 2020. DSEX, prime index of Dhaka...

BSEC allows brokerage houses to open new branch office

BSEC allows brokerage houses to open new branch office

FE ONLINE REPORT 2020-12-30 15:19:29

The stock market regulator has allowed brokerage houses to open new branch offices across the country after nine years following the long-standing demand of the stockbrokers. The Bangladesh Securitie...

DSE AGM approves 3.0pc cash dividend

DSE AGM approves 3.0pc cash dividend

FE ONLINE REPORT 2020-12-30 12:33:59

The Dhaka Stock Exchange (DSE) has approved a 3.0 per cent cash dividend for its shareholders for the year ended June 30, 2020. The approval came at the bourse’s 59th annual general meeting (AG...

Stocks open higher on last trading day of 2020

Stocks open higher on last trading day of 2020

FE ONLINE REPORT 2020-12-30 11:55:05

Stocks witnessed an upward trend in the early hours of trading of the last trading session of the year 2020 on Wednesday as investors remained active on major sectors issues amid year-end dividend exp...

Regulator issues exit plan for issuers of delisted securities

Regulator issues exit plan for issuers of delisted securities

FE REPORT 2020-12-30 11:08:08

The stock market regulator on Tuesday issued a directive on exit plan for issuers of the delisted securities in the interest of the investors and the capital market. The Bangladesh Securities and Exc...

Foreign trade scenario dismal though deficit narrows down by $2.1b in July-Nov

Foreign trade scenario dismal though deficit narrows down by $2.1b in July-Nov

SIDDIQUE ISLAM 2020-12-30 08:39:58

The country's trade deficit narrowed down by 30.77 per cent or US$ 2.10 billion in the first five months of this fiscal year (FY) amid dismal foreign trade situation due to the Covid-19 pandemic, of...

Corona-induced funding cushions public finance, contingency expenditure still cut by 50pc

Corona-induced funding cushions public finance, contingency expenditure still cut by 50pc

FE REPORT 2020-12-30 08:36:27

The public finance went through a difficult phase between the months of April and September this year because of the Covid-19 consequences. Government's revenue earnings suffered, but its expenditu...

Bangladesh may see decline in remittance inflow in 2021: RMMRU 

Bangladesh may see decline in remittance inflow in 2021: RMMRU 

FE Online Report 2020-12-29 18:46:21

The country’s remittance earnings may fall next year as the outflow of workers abroad declined drastically in the current year, projected a RMMRU report. Only 183,682 workers went abroad with j...

NEC approves 8th FYP with a target of 8.51pc growth by FY'25

NEC approves 8th FYP with a target of 8.51pc growth by FY'25

FE ONLINE REPORT 2020-12-29 18:24:32

The government has endorsed the 8th five-year plan (FYP) with a target to boost the country’s economic growth to 8.51 per cent by its terminal fiscal year 2024-25 recovering from the Covid-19 im...

Stocks extend winning streak amid rising turnover

Stocks extend winning streak amid rising turnover

FE Online Report 2020-12-29 16:34:25

Stocks extended the winning streak for the fifth straight day on Tuesday as investors remained active on major sectors issues. DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 14.24...

Stocks open higher as large-cap stocks surge

Stocks open higher as large-cap stocks surge

FE ONLINE REPORT 2020-12-29 11:04:01

Stocks witnessed upward trend in early trading on Tuesday as investors remained active on major sector issues amid year-end dividend expectations. Meanwhile, Robi’s share continued to rise fo...

Jamuna Oil, Eastern Lubricants declare dividend

Jamuna Oil, Eastern Lubricants declare dividend

FE ONLINE REPORT 2020-12-29 10:43:00

The boards of directors of state-run two more listed companies – Jamuna Oil Company and Eastern Lubricants – have recommended cash dividends for the year ended on June 30, 2020, according...

Sukuk auction sparks huge interest

Sukuk auction sparks huge interest

FE REPORT 2020-12-28 22:45:00

The Tk. 40 billion sukuk was over-subscribed by nearly four times to Tk. 151.53 billion in its first auction held on Monday at the central bank. For the first time, the government is mobilising funds...

Stocks post marginal gain for fourth day

Stocks post marginal gain for fourth day

FE Online Report 2020-12-28 16:39:35

Stocks posted a marginal gain on Monday, extending the winning streak for the fourth straight sessions, as investors remained active on major sectors stocks. DSEX, the prime index of Dhaka Stock Exch...

Stocks open lower on profit-taking

Stocks open lower on profit-taking

FE ONLINE REPORT 2020-12-28 11:12:31

Stocks witnessed a downward trend in early trading on Monday as risk-averse investors opted for booking profit on quick-gaining stocks. Meanwhile, Robi’s share continued to rise for the third t...