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ADB provides additional $50m for pandemic-affected microenterprises

ADB provides additional $50m for pandemic-affected microenterprises

-- 2020-12-21 20:32:46

The Asian Development Bank (ADB) and the government of Bangladesh on Monday signed agreements for $50 million in additional loans for the resumption of the economic activities of microenterprises seve...

Robi makes shares trading debut on Thursday

Robi makes shares trading debut on Thursday

FE ONLINE REPORT 2020-12-21 16:46:12

Robi Axiata, the largest ever IPO in Bangladesh’s capital market history, will make its shares trading debut from December 24 (Thursday) under “N” category. Thousands of investors a...

Bourses witness upward trend after three-day selloff

Bourses witness upward trend after three-day selloff

FE ONLINE REPORT 2020-12-21 11:05:36

Stocks witnessed an upward trend in early trading on Monday as bargain hunters were active on sector-wise issues after the recent price correction. Following the previous three days’ correction...

Exim Bank to issue Tk 5.0b mudaraba subordinated bond

Exim Bank to issue Tk 5.0b mudaraba subordinated bond

FE ONLINE REPORT 2020-12-21 10:36:11

The board of directors of Exim Bank Ltd has decided to issue mudaraba subordinated bond (4th Issue) of Tk 5.0 billion, said an official disclosure on Monday. The bank will issue the bond as a proce...

Huge lending rate cut to promote Japanese investments

Huge lending rate cut to promote Japanese investments

FE Report 2020-12-21 10:24:34

The central bank has slashed significantly the interest rate on loans under the foreign direct investment promotion project (FDIPP) to facilitate Japanese investment in Bangladesh. The interest rate...

Import costs go up with oil price rise

Import costs go up with oil price rise

SIDDIQUE ISLAM 2020-12-21 10:13:59

The country's spending on imports increased slightly in November, lifted by an uptrend in petroleum prices in the international market. The coronavirus vaccines rollout in the United States and the U...

Stocks keep losing for third straight day

Stocks keep losing for third straight day

FE Online Report 2020-12-20 17:11:50

Stocks extended the losing streak for the three consecutive sessions on Sunday as risk-averse investors continued to book profit on major sectors stocks. DSEX, the key index of the Dhaka Stock Exchan...

Crystal Insurance to make debut tomorrow

Crystal Insurance to make debut tomorrow

FE ONLINE REPORT 2020-12-20 13:41:26

Crystal Insurance Company will make its shares trading debut tomorrow (Monday) on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange under the ‘N’ category. The DSE trading code...

National Polymer’s rights subscription to begin Jan 24

National Polymer’s rights subscription to begin Jan 24

FE Online Report 2020-12-20 11:58:47

Rights shares subscription of National Polymer Industries is set to begin on January 24, 2021, aiming to raise Tk 547.38 million through rights issuance. The subscription period for the company&rsquo...

Subscription of Taufika Agro, eGeneration IPOs to begin next month

Subscription of Taufika Agro, eGeneration IPOs to begin next month

FE REPORT 2020-12-20 11:40:04

The initial public offering (IPO) subscriptions of two companies - Taufika Foods& Agro Industries and eGeneration - will open next month to raise Tk 450 million under the fixed price method. Tauf...

Mandatory online tax return filing from 2021

Mandatory online tax return filing from 2021

FE REPORT 2020-12-20 11:34:54

The National Board of Revenue (NBR) is exploring possibilities to make online tax return submission mandatory for salaried taxpayers from next year, said a senior tax official on Saturday. It is also...

Treasury yields plunge, dealers accept lower rates

Treasury yields plunge, dealers accept lower rates

FE REPORT 2020-12-20 11:29:17

The treasury yields have fallen sharply in recent months, lowered by adequate liquidity in the money market. The yield on the 91-day bill went down from 6.5 per cent (annualised) in June to 0.65 per...

Stocks witness mixed trend in early trading

Stocks witness mixed trend in early trading

FE ONLINE REPORT 2020-12-20 10:58:07

Stocks witnessed mixed trends in early trading on Sunday as cautious investors continued their profit booking tendency on sector-wise quick-gaining stocks. Following the previous two days’ down...

IPO market vibrant in yet a pandemic year

IPO market vibrant in yet a pandemic year

Jasim Uddin Haroon and Babul Barman 2020-12-20 08:55:08

Private companies have offloaded primary shares worth Tk 9.62 billion in the outgoing year, the highest amount in last six years, amid Covid-induced sluggish economic activities. With the latest on...

Blended finance can substitute foreign aid for Bangladesh development: Experts   

Blended finance can substitute foreign aid for Bangladesh development: Experts  

FE OUTREACH TEAM   2020-12-18 21:36:15

Bangladesh will soon need to go for innovative financing for its development projects apart from utilising existing financial resources earmarked for attaining globally aligned development goals. The...

3,26,758 migrant workers return home in eight months

3,26,758 migrant workers return home in eight months

FE ONLINE REPORT 2020-12-18 19:50:19

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad has said a total of 3,26,758 migrant workers returned home after losing their jobs from April 1 to November 30 this year. The m...

Taxpayers' money of Tk 261.8m earmarked for 56 autos for road widening projects!

Taxpayers' money of Tk 261.8m earmarked for 56 autos for road widening projects!

FHM HUMAYAN KABIR 2020-12-18 10:24:40

The Roads and Highways Department (RHD) has proposed to purchase a pool of 56 vehicles at Tk 261.8 million for Dhaka-Sylhet-Tamabil road-widening projects. Among the vehicles, insiders said on Monday...

Fundraising thru rights issues plunges to five-year low

Fundraising thru rights issues plunges to five-year low

BABUL BARMAN 2020-12-18 10:07:50

Fundraising by the listed companies by way of rights issues fell sharply in the outgoing calendar year, hitting a five-year low. Only one listed firm -- Pragati Life Insurance -- netted about Tk 230....

Dhaka gridlock costs Tk 1.53b a day

Dhaka gridlock costs Tk 1.53b a day

KAMRUN NAHAR 2020-12-18 08:17:15

Traffic congestion in Dhaka has long been taking a heavy toll on five areas including working hour loss, additional fuel consumption, pavement damage, accident during peak hour, and environmental impa...

Govt to finalise plan for utilising forex reserves before budget

Govt to finalise plan for utilising forex reserves before budget

-- 2020-12-17 18:40:32

The government is likely to decide on borrowing funds for different projects from foreign exchange reserves before the next national budget. Finance Minister AHM Mustafa Kamal revealed the planned ti...

Stocks extend losses as GP shares tumble

Stocks extend losses as GP shares tumble

FE ONLINE REPORT 2020-12-17 16:46:23

Stocks extended the losing streak for the two consecutive sessions on Thursday as risk-averse investors continued to book profit on quick-gaining stocks, particularly on Grameenphone. DSEX, the key i...

SEC blocks Best Holdings’ controversial bid

SEC blocks Best Holdings’ controversial bid

-- 2020-12-17 12:32:05

Best Holdings Limited, the owning company of Le Méridien Dhaka hotel, has attempted to debut on the stock market through a direct listing to raise capital, but people related to the market desc...

Bourses witness downward trend in early trading

Bourses witness downward trend in early trading

FE ONLINE REPORT 2020-12-17 11:24:46

Stocks on both the bourses witnessed a downward trend in the early trading on Thursday thanks to the profit-booking tendency of some investors on sector-wise quick-gaining stocks. Following the previ...

ADB approves $0.5m in grant to improve Bangladesh’s business competitiveness

ADB approves $0.5m in grant to improve Bangladesh’s business competitiveness

-- 2020-12-16 12:53:51

The Asian Development Bank (ADB) has approved $0.5 million in grant assistance for supporting knowledge works to promote business competitiveness and intraregional trade of Bangladesh. The assistance...

Banking stocks hit by extra provisioning news

Banking stocks hit by extra provisioning news

FE REPORT 2020-12-16 12:02:56

Stocks witnessed a marginal correction on Tuesday, snapping a four-day winning streak, thanks to the profit booking by some investors on financial stocks. DSEX, the key index of the Dhaka Stock Excha...

Greenfield FDI inflow into Bangladesh falls drastically

Greenfield FDI inflow into Bangladesh falls drastically

Monira Munni 2020-12-16 08:54:12

Greenfield foreign direct investment (FDI) in Bangladesh declined by 84 per cent during the first half of 2020 over that of the corresponding period of 2019, primarily due to the Covid-19, according...

Jordan to hire over 12,000 RMG workers from Bangladesh

Jordan to hire over 12,000 RMG workers from Bangladesh

-- 2020-12-15 19:25:07

Jordan’s readymade garments (RMG) sector will recruit over 12,000 skilled workers from Bangladesh in one year. “This recruitment will be processed only through Bangladesh Overseas Employm...

Forex reserve crosses $42b for first time

Forex reserve crosses $42b for first time

FE ONLINE REPORT 2020-12-15 19:18:57

The country’s foreign exchange (forex) reserve crossed $42 billion mark for the first time ever on Tuesday following lower import payment obligations and higher growth of inward remittance, offi...

Stocks break four-day rally on profit booking

Stocks break four-day rally on profit booking

FE ONLINE REPORT 2020-12-15 16:19:50

Stocks witnessed a marginal correction on Tuesday, snapping a four-day winning streak, thanks to the profit booking tendency of some investors on quick-gaining stocks. DSEX, the key index of the Dhak...

Bourses open higher amid rising confidence in investors

Bourses open higher amid rising confidence in investors

FE ONLINE REPORT 2020-12-15 11:17:26

Stocks on both the bourses witnessed an upward trend in the early trading on Tuesday as optimistic investors kept showing their buying binge on sector-wise issues amid positive expectation. Following...