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DSEX exceeds 4,100-mark in early trading

DSEX exceeds 4,100-mark in early trading

FE ONLINE REPORT 2020-07-13 11:22:50

Stocks witnessed positive trend in early trading on Monday with the key index of the prime bourse crossing the 4,100-mark as the buoyant investors continued their buying binge amid growing confidence....

'Innovation helps GP cushion Covid shock'

'Innovation helps GP cushion Covid shock'

ISMAIL HOSSAIN 2020-07-13 10:18:40

Top network operator Grameenphone has unleashed innovative solutions to fend off challenges posed by coronavirus pandemic, the company's top executive says. "This ongoing pandemic has created sever...

Aamra Networks to issue Tk 1.0b zero coupon bonds   

Aamra Networks to issue Tk 1.0b zero coupon bonds  

FE REPORT 2020-07-13 10:15:49

The board of directors of Aamra Networks Ltd has decided to issue non-convertible zero coupon bonds worth Tk 1.0 billion. The IT company will issue the bond at face value through private placement,...

Reliance Ins approves 25pc cash dividend

Reliance Ins approves 25pc cash dividend

-- 2020-07-13 10:12:18

The 32nd Annual General Meeting of Reliance Insurance Limited was held on Sunday on digital platform. Mr. Habibullah Khan, Vice-Chairman of the Board of Directors presided over the meeting. The 32nd...

Regent Textile to extend IPO funds utilisation time further

Regent Textile to extend IPO funds utilisation time further

FE REPORT 2020-07-13 10:08:21

Regent Textile Mills Ltd has decided to revise and extend IPO funds utilisation and implementation time further as the company failed to utilise the funds fully within the stipulated timeframe. The...

'Archaic forex rule deters foreign investors'

'Archaic forex rule deters foreign investors'

FE REPORT 2020-07-13 09:46:19

Bangladesh needs to make progress in five key areas in the coming days to attract both domestic and overseas investments, business leaders and economists say. The five factors are further facilitat...

Policy, reforms to encourage private investment stressed

Policy, reforms to encourage private investment stressed

FE ONLINE REPORT 2020-07-12 18:25:00

Bangladesh needs to quickly design and roll out policy actions and reforms on long-standing issues holding back private investment in order to effectively address the unfolding impacts of coronavirus-...

Stocks stay afloat amid regulatory moves

Stocks stay afloat amid regulatory moves

FE ONLINE REPORT 2020-07-12 16:29:45

Stocks surged on Sunday, extending the winning streak for the fifth straight session, as the buoyant investors continued their buying spree at the lowest possible prices amid the floor price system....

Berger to launch expert sanitisation service

Berger to launch expert sanitisation service

FE ONLINE REPORT 2020-07-12 14:16:18

Berger Paints Bangladesh is planning to introduce Berger expert sanitisation service as part of its business diversification. The service is expected to be launched in the fourth week of July 2020, a...

SANEM supports borrowing funds from reserves

SANEM supports borrowing funds from reserves

FE REPORT 2020-07-12 09:46:44

The government can finance its large development projects from foreign exchange reserves instead of borrowing from the country's banking sector, a think-tank suggested on Saturday. Since foreign exch...

Innovations key to economic recovery

Innovations key to economic recovery

FE REPORT 2020-07-12 09:44:39

Experts at a webinar on Saturday said successful economic recovery would largely depend on transparent public finances, accountability and information accuracy. Professionals in the relevant fields h...

“Focus on external sources, not banks, to ease budget deficit”

“Focus on external sources, not banks, to ease budget deficit”

FE ONLINE REPORT 2020-07-11 19:17:26

More focus needs to be given on sourcing funds from external sources, reducing dependency on bank borrowing, to mitigate the budget deficit, according to the experts and stakeholders. Suggesting redu...

Govt defers fund release for low-priority projects

Govt defers fund release for low-priority projects

SYFUL ISLAM 2020-07-11 10:31:04

The government has decided to suspend fund release for implementation of low-priority projects under the Annual Development Programme (ADP) of this fiscal year (FY), 2020-21. The decision has been ta...

Lack of investment diversification among hurdles to boost FDI

Lack of investment diversification among hurdles to boost FDI

FE Report 2020-07-11 10:27:32

Speakers at a webinar identified lack of diversification in investment as a key challenge in boosting foreign direct investment (FDI) in the country. The speakers stressed on the need for policy meas...

Share price of Paramount Ins soaring sans PSI

Share price of Paramount Ins soaring sans PSI

FE REPORT 2020-07-11 10:06:34

The share price of Paramount Insurance Company is soaring without having any undisclosed price sensitive information. Within a week, the company's share price jumped more than 53 per cent or Tk 23 ea...

Weekly review: Stocks extend winning streak amid regulatory moves

Weekly review: Stocks extend winning streak amid regulatory moves

Babul Barman 2020-07-11 10:00:15

Stocks extended the winning streak for the third straight week that ended on Thursday as investors showed their appetite following the ultimatum for complying with minimum shareholding by the stock ma...

Foreign cos to invest in JV projects

Foreign cos to invest in JV projects

MIR MOSTAFIZUR RAHAMAN 2020-07-11 09:39:04

Several foreign companies have recently shown interest to invest in joint venture projects in the state-owned sugar mills, offering an opportunity for the BSFIC to revive the ailing mills. A consorti...

Yields on treasury bills fall in June   

Yields on treasury bills fall in June  

JASIM UDDIN HAROON 2020-07-11 09:35:06

The yields on treasury bills slid in June last over the same period of a year earlier, according to Bangladesh Bank data. The falling trend of the same was also continuing in this month of July amid...

‘Rural economy to be under pressure with returnees from cities’

‘Rural economy to be under pressure with returnees from cities’

-- 2020-07-10 19:18:09

Rural economy of the country is going to be under pressure as a significant number of people from urban areas are returning to their respective villages losing the sources of their earnings due to Cov...

Brokerage firms' mkt operations: Deficiencies found in many accounts

Brokerage firms' mkt operations: Deficiencies found in many accounts

FE Report 2020-07-10 09:48:21

The securities regulator and the premier bourse have strengthened monitoring over the brokerage firms' market operations to ensure the protection of investors' funds and shares. As part of the move...

Covid exposes inept health sector

Covid exposes inept health sector

FHM HumayanKabir 2020-07-10 09:38:00

The COVID pandemichas laid barethe health sector's horrible record, underscoring the ministry's worst performance in executing development projects in the last decade, officials said on Wednesday. An...

MoF blocks Tk 24.47b of road projects in FY 20

MoF blocks Tk 24.47b of road projects in FY 20

MUNIMA SULTANA 2020-07-10 09:29:24

Fund crisis caused by the coronavirus pandemic forced the government to block allocation of Tk 24.47 billion funds of different road infrastructure projects in last fiscal year (FY), 2019-2020. As a...

Stocks keep gaining amid soaring turnover

Stocks keep gaining amid soaring turnover

FE ONLINE REPORT 2020-07-09 16:21:29

Stocks extended the winning streak for the four consecutive sessions on Thursday as the optimistic investors continued their appetite following the minimum shareholding ultimatum by the securities r...

Bata Shoe declares ‘no’ final dividend

Bata Shoe declares ‘no’ final dividend

FE ONLINE REPORT 2020-07-09 11:43:24

The board of directors of the Bata Shoe Company (Bangladesh) has recommended ‘no’ final dividend for the year ended on December 31, 2019 due to the worldwide as well as the countrywide shu...

Stocks open higher amid soaring turnover

Stocks open higher amid soaring turnover

FE ONLINE REPORT 2020-07-09 11:30:43

Stocks witnessed an upward trend in early trading on Thursday as optimistic investors showed their appetite following the minimum shareholding ultimatum by the stock market regulator. Within 30 minut...

Indian economic zone: Delhi set to offer $115 million

Indian economic zone: Delhi set to offer $115 million

Saif Uddin 2020-07-09 10:46:24

The economic zone dedicated to Indian investors is set to avail US$115 million under the third credit line from the neighbouring country, a top official said on Tuesday. "The Indian government has re...

Dutch-Bangla Bank approves 25pc dividend

Dutch-Bangla Bank approves 25pc dividend

FE DESK REPORT 2020-07-09 09:40:32

The 24th Annual General Meeting (AGM) of Dutch-Bangla Bank Limited was held on Wednesday through virtual platform under the Chairmanship of Sayem Ahmed, Chairman of the board of directors of the ban...

Govt revenue from DSE hits 10-year low

Govt revenue from DSE hits 10-year low

Babul Barman 2020-07-09 09:37:58

The government's revenue earnings from the Dhaka Stock Exchange (DSE) hit more than 10 years low to Tk 1.04 billion in the just concluded fiscal year (FY) 2019-20due to bearish market trend. Market o...

Stimulus package: Banks wary amid soured loan fears

Stimulus package: Banks wary amid soured loan fears

Siddique Islam 2020-07-09 09:24:09

Most of the banks are moving carefully while implementing the government's stimulus package for industrial and services sectors to avoid being trapped into fresh defaulted loans. The lenders are scru...

Rice import duty cut may hurt Aman farmers

Rice import duty cut may hurt Aman farmers

Yasir Wardad 2020-07-08 19:47:54

The government's decision to reduce duty on rice import could hurt Aman farmers during the harvesting time, said insiders. They put emphasis on higher procurement from domestic sources as well as lim...