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The Financial Express

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Remittance inflow increases by 43pc in four months

Remittance inflow increases by 43pc in four months

-- 2020-11-01 21:38:02

Expatriate Bangladeshis sent $8,825 million remittances in the first four months of the current fiscal 2020-21, which is 43.24 per cent higher than the amount of the corresponding period of the previo...

CSE offers free bulk, foreign trade to members for three months

CSE offers free bulk, foreign trade to members for three months

FE ONLINE REPORT 2020-11-01 19:14:27

The Chittagong Stock Exchange (CSE) has declared a three-month-long promotional programme to encourage more transactions in bulk and foreign windows. In a statement, the port-city bourse said its mem...

US keen to help Bangladesh diversify its private sector

US keen to help Bangladesh diversify its private sector

-- 2020-11-01 16:56:38

The United States has said it wants to help Bangladesh to diversify its private sector to move some of it away from the ready-made garment (RMG) industry into other high-value areas including the digi...

Stocks open month on upbeat note; turnover slumps

Stocks open month on upbeat note; turnover slumps

FE ONLINE REPORT 2020-11-01 16:14:54

Stocks ended higher on Sunday, the first trading day of November, as bargain hunters showed a buying spree on lucrative issues based on corporate declarations. DSEX, the key index of the Dhaka Stock...

Berger to invest Tk 914.8m to set up 2nd unit of Jenson & Nicholson

Berger to invest Tk 914.8m to set up 2nd unit of Jenson & Nicholson

FE Online Report 2020-11-01 12:16:01

Berger Paints Bangladesh Ltd is going to invest Tk 914.8 million by Jenson & Nicholson (Bangladesh) Ltd for the establishment of a second unit of the subsidiary at Savar. The project is expected...

Stocks make marginal gains at opening

Stocks make marginal gains at opening

FE ONLINE REPORT 2020-11-01 12:05:20

Stocks posted a marginal gain in early trading on Sunday as investors remained cautious amid the ongoing earnings and dividend declarations session. Following the previous week’s downturn, the...

Zeal Bangla’s share trading resumes today after 7-week

Zeal Bangla’s share trading resumes today after 7-week

FE ONLINE REPORT 2020-11-01 11:57:13

Share trading of Zeal Bangla Sugar Mills resumes today (Sunday), after remaining suspended for the seven weeks due to abnormal price hike of its share price. The Bangladesh Securities and Exchange Co...

Local govt bodies given only 1.0pc of budgetary money

Local govt bodies given only 1.0pc of budgetary money

FE REPORT 2020-11-01 09:57:11

Speakers during a webinar on Saturday said local government institutions receive only around 1.0 per cent of the total fiscal budget. They highly depend on grants and central government transfers, al...

Dhaka wants IFC to cut lending rate

Dhaka wants IFC to cut lending rate

FE Report 2020-11-01 09:48:48

Finance Minister AHM Mustafa Kamal has called upon the International Finance Corporation (IFC), the private sector lending window of the World Bank Group, to reduce the rate of interest on its loan to...

Bangladesh's public spending in July-Sept quarter slowest in years

Bangladesh's public spending in July-Sept quarter slowest in years

JASIM UDDIN HAROON 2020-11-01 09:36:08

The public expenditure increased in the first quarter (Q1) of the current fiscal year (FY2020-21) but at its slowest pace in many years. Officials blamed the Covid-19 pandemic for the decline in the...

Deposit-lending rate gap widens

Deposit-lending rate gap widens

SIDDIQUE ISLAM 2020-11-01 09:30:26

The interest rate spread in the country's banking system increased further in September 2020 as banks slashed rates on deposits more than those of lending. The weighted average spread between lending...

Bangladesh prepares to form pacts with 12 nations for retrieving black money

Bangladesh prepares to form pacts with 12 nations for retrieving black money

UNB 2020-10-31 19:46:19

The government is preparing to bring black money back to the country.  News agency UNB has learnt that the government is planning to ink taxation agreements with as many as 12 countries for allo...

Bangladesh stands out as exception to global pattern of shrinking remittances: WB

Bangladesh stands out as exception to global pattern of shrinking remittances: WB

KHAWAZA MAIN UDDIN 2020-10-31 15:21:52

Bangladesh has exceptionally denied the worldwide declining trend of remittance inflows in a pandemic-hit year, as, a World Bank projection says, the country may receive US$20 billion, or 8.0 per cent...

IPO share bidding of Index Agro begins Sunday

IPO share bidding of Index Agro begins Sunday

FE ONLINE REPORT 2020-10-31 10:27:22

The bidding for eligible investors (EIs) to explore the cut-off price of Index Agro Industries shares will commence from tomorrow (Sunday) at 5:00pm. The company’s price bidding through electro...

On Going China Project in Bangladesh

On Going China Project in Bangladesh

The Policy Times 2020-10-30 18:23:32

China National Machinery Import and Export Corporation (CMC) has partnered with North West Power Generation Company Limited (NWPGCL) of Bangladesh to invest, construct and operate Payra 2×660 MW...

Dhaka may receive chunk of IFC’s $4.0b global pandemic aid

Dhaka may receive chunk of IFC’s $4.0b global pandemic aid

FE Online Report 2020-10-30 16:45:16

The International Finance Corporation (IFC) will work with its partners to help recapitalise viable businesses aiming at a resilient recovery, the lending agency iterated on Friday. The IFC’s p...

Weekly review: Stocks slip into red amid profit booking sell-offs

Weekly review: Stocks slip into red amid profit booking sell-offs

FE ONLINE REPORT 2020-10-30 13:42:06

Stocks slipped into the red in the outgoing week as shaky investors went on selling binge on sector-wise issues amid ongoing corporate declarations. Week-on-week, DSEX, the benchmark index of Dhaka S...

Push for listing of MNCs with Bangladesh stock market

Push for listing of MNCs with Bangladesh stock market

FE REPORT 2020-10-30 09:39:19

The securities regulator is seeking ways to get the multinational companies (MNCs) listed publicly in order to enhance the depth of the capital market. At a meeting on Thursday, the Bangladesh Secu...

China's supply chain investment can address trade gap with Bangladesh: CPD

China's supply chain investment can address trade gap with Bangladesh: CPD

FE Report 2020-10-30 09:30:09

Speakers at a webinar on Thursday stressed the need for more Chinese investments in the supply chain to slash trade gap by increasing Bangladesh's exports to the East Asian nation. They said the part...

BB allows foreign investors to open temporary Taka Accounts

BB allows foreign investors to open temporary Taka Accounts

-- 2020-10-29 20:07:01

Foreign investors, from now on, can open Temporary Non-Resident Taka Account with local authorised dealers (AD)-designated banks and also with offshore banking units (OBUs) of local banks. Referring...

Forex reserves cross $41b

Forex reserves cross $41b

-- 2020-10-29 19:58:26

Bangladesh’s foreign currency reserves have surpassed $41 billion, three weeks after crossing the $40 billion for the first time. The reserves at the Bangladesh Bank stood at $41.2 billion on T...

Working capital loan fund under Covid-19 stimulus package raised to Tk 400b

Working capital loan fund under Covid-19 stimulus package raised to Tk 400b

-- 2020-10-29 19:52:04

The amount of working capital loan for Covid-19 affected industries and service sectors under the Prime Minister's announced Economic Stimulus Package has been raised to Tk 400 billion from Tk 330 bil...

United Power recommends 155pc dividend

United Power recommends 155pc dividend

FE ONLINE REPORT 2020-10-29 11:28:32

The board of directors of United Power Generation & Distribution Company Ltd has recommended 145 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2020. It is the highes...

Stocks witness mixed trend at open

Stocks witness mixed trend at open

FE ONLINE REPORT 2020-10-29 11:16:36

Stocks witnessed a mixed trend in the early trading on Thursday as investors mostly followed cautious stance amid ongoing earnings and dividend declaration sessions. Following the previous five days&...

Bangladeshis among supply chain workers to receive US pandemic aid

Bangladeshis among supply chain workers to receive US pandemic aid

FE REPORT 2020-10-29 09:50:20

The USAID and a dozen of US-based retail, apparel and footwear companies teamed up on Wednesday to help and alleviate the hardship faced by the workers in the Asian supply chains, including that of Ba...

Japan propels higher aid inflow to Bangladesh

Japan propels higher aid inflow to Bangladesh

FHM Humayan Kabir 2020-10-29 09:38:36

The inflow of foreign aid to Bangladesh jumped by 55 per cent in the first quarter (Q1) of this fiscal after Japan released a big chunk of budget support to help the economy recover from the Covid-rel...

Central bank offers cheapest ever export loans

Central bank offers cheapest ever export loans

SIDDIQUE ISLAM 2020-10-29 09:37:54

The central bank has slashed interest rates on loans under the Export Development Fund (EDF) to help exporters weather the pandemic-related disruptions. The revised rates will allow exporters to borr...

Budget spend falls Tk 1.0 trillion short of FY'20 target

Budget spend falls Tk 1.0 trillion short of FY'20 target

FE REPORT 2020-10-29 09:36:10

The government expenditure fell significantly in the last fiscal year as the COVID-19 crisis impacted development outlays. The total budget outlay reached Tk 3.98 trillion at the end of June 30, do...

Banks asked to provide loans to small businesses sincerely, at low interest

Banks asked to provide loans to small businesses sincerely, at low interest

-- 2020-10-28 19:13:24

Prime Minister Sheikh Hasina on Wednesday asked the private banks to be more sincere in providing loans at low interest to small business enterprises to offset the Covid-19 fallout. "In our incentive...

Tea cultivation to be widened on slopes of Garo Hills

Tea cultivation to be widened on slopes of Garo Hills

-- 2020-10-28 16:25:35

Bangladesh Tea Research Institute (BTRI), a body of the Bangladesh Tea Board, has taken an initiative to widen the tea cultivation at the slope of Garo Hills in greater Mymensingh. To this end, the g...