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Search results for: bangladesh

Prime Finance First MF approves 8.50pc cash div

Prime Finance First MF approves 8.50pc cash div

FE Online Report 2018-02-01 12:17:53

The trustee committee of the Prime Finance First Mutual Fund has approved 8.50 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The record da...

Core index sees biggest single-day fall in one year

Core index sees biggest single-day fall in one year

FE Report 2018-02-01 09:56:13

Stocks witnessed the biggest single-day fall in 12 months Wednesday as worried investors continued heavy sell-offs, fearing further fall. Brokers said the market continued bleeding as panic gripped t...

WB lends $300m to upgrade cash transfer

WB lends $300m to upgrade cash transfer

-- 2018-02-01 00:00:00

The World Bank (WB) has approved a $300 million fund to improve the transparency and efficiency of major cash transfer programmes in Bangladesh. The project aims to benefit about five million of...

Islamic Finance and Investment sees visible progress in businesses

Islamic Finance and Investment sees visible progress in businesses

Jubair Hasan 2018-02-01 00:00:00

Efficient human resources and risk managers could make financial institutions (FIs) sustainable through minimising possible risks in various forms, Managing Director and CEO (Chief Executive Officer)...

EC warns BD again of improving labour situation before GSP goes

EC warns BD again of improving labour situation before GSP goes

Monira Munni 2018-02-01 00:00:00

The European Commission has reiterated its concern over the labour rights situation mainly in respect of freedom of association and successful implementation of the 'Compact' in the readymade garment...

Net foreign funds in stocks jump 200pc in January

Net foreign funds in stocks jump 200pc in January

FE Online Report 2018-01-31 23:40:31

Net foreign investment in stocks marked a staggering 200 per cent rise month-on-month in January as overseas investors injected fresh funds in Bangladesh’s capital market. Analysts said the net...

Stocks plunge as BB clips ADR limit

Stocks plunge as BB clips ADR limit

FE Online Report 2018-01-31 15:55:38

Stocks suffered a notable correction Wednesday as cautious investors continued their selling spree following the news of slashing the limit of banks’ advance-deposit ratio (ADR). The Banglade...

Intech to subscribe 40pc share of China-BD Tech

Intech to subscribe 40pc share of China-BD Tech

FE Online Report 2018-01-31 13:17:59

The board of directors of Intech Limited has taken a decision to subscribe 40 per cent of the ordinary share capital of China-BD Tech Ltd (proposed), said an official disclosure on Wednesday. The a...

Confidence Cement to invest in new power plant

Confidence Cement to invest in new power plant

FE Online Report 2018-01-31 12:49:12

The board of directors of Confidence Cement Limited has agreed to invest in the new Power Plant Projects located at Bogra, Rangpur and Chittagong, said an official disclosure on Wednesday. The powe...

DSE arranges training programme

DSE arranges training programme

FE Online Desk 2018-01-31 12:22:44

Dhaka Stock Exchange (DSE) is going to arrange a fifteen-day training programme on ‘Financial Statement Analysis’ from February 11. According to DSE website, the programme will be held...

Stocks plunge at opening

Stocks plunge at opening

FE Online Report 2018-01-31 11:39:23

The prices of most of the shares on both bourses saw sharp decline in early hour of trading Wednesday as the central bank slashed the limit of advance-deposit ratio (ADR). The Bangladesh Bank (BB)...

BSEC approves Bashundhara Paper IPO, IDLC Growth Fund application

BSEC approves Bashundhara Paper IPO, IDLC Growth Fund application

FE Report 2018-01-31 10:43:00

The securities regulator has approved the proposal of issuing above 26.04 million IPO shares by the Bashundhara Paper Mills to raise a capital worth Tk 2.0 billion under the book building method. The...

Upward interest adjustments imperative to attract deposit

Upward interest adjustments imperative to attract deposit

Jasim Uddin Haroon 2018-01-31 09:17:16

Economists find the new monetary policy statement wanting in adequate strategies to ensure quality bank lending as a counterbalance to excessive growth in private credits. During their critical appre...

Migrant workers' households see no improvement in poverty rate

Migrant workers' households see no improvement in poverty rate

FE Report 2018-01-31 00:00:00

Households of Bangladeshi nationals working overseas have achieved no improvement in poverty rate in last three years. A study of Refugee and Migratory Movements Research Unit (RMMRU) said about 9.0...

Tapping full potential of middle class must for graduating to middle-income country: Experts

Tapping full potential of middle class must for graduating to middle-income country: Experts

-- 2018-01-31 00:00:00

Bangladesh has been witnessing a tremendous growth of its middle-class population over the last two decades.  However, the full potential of this driving economic force still remains untapped du...

BB appoints Sur Chowdhury as Banking Reform Adviser

BB appoints Sur Chowdhury as Banking Reform Adviser

-- 2018-01-31 00:00:00

The Bangladesh Bank (BB) has decided to appoint SK Sur Chowdhury as its Banking Reform Adviser after completion of his tenure as Deputy Governor of the bank. A BB press release said SK Sur Chowdhury...

Investment proposal marks 18pc rise in three months

Investment proposal marks 18pc rise in three months

-- 2018-01-30 21:24:25

Investment proposals recorded 18.45 per cent rise during the period of October-December of 2017.   Bangladesh Investment Development Authority (BIDA) received 483 proposals involving a total of...

Bangladesh Bank slashes ADR limit

Bangladesh Bank slashes ADR limit

FE Online Report 2018-01-30 19:04:01

The central bank slashed the limit of advance-deposit ratio (ADR) on Tuesday. The move has been taken to help check any possible liquidity pressure on the market due to ‘aggressive lending.&rsq...

LDC graduation challenges not uphill task: Minister

LDC graduation challenges not uphill task: Minister

-- 2018-01-30 18:45:48

A senior minister on Tuesday said Bangladesh is ready to face any challenge that may emerge from LDC graduation. He continued, moreover, the country would be able to get generalised system of prefere...

Bourses return to red territory

Bourses return to red territory

FE Online Report 2018-01-30 16:06:03

Stocks returned to the red territory on Tuesday as investors went to the selling binge amid lower than expected earnings disclosure of some listed companies. Brokers said the market backed to the r...

Stocks fail to stay positive after midday

Stocks fail to stay positive after midday

FE Online Report 2018-01-30 13:20:11

Stocks failed to stay positive trend at midday on Tuesday as cautious investors went on selling spree amid lower than expected earnings declaration of some companies. Some 30 listed companies discl...

30 more listed cos disclose Q2 EPS

30 more listed cos disclose Q2 EPS

FE Online Report 2018-01-30 13:12:04

A total of 30 more listed companies disclosed their un-audited second quarter (Q2) earnings for October-December period of 2017, according to official disclosures on Tuesday. Of them, earnings per...

Stocks witness mostly higher at opening

Stocks witness mostly higher at opening

FE Online Report 2018-01-30 11:54:42

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Tuesday as investors’ tension over monetary policy statement eased. Bangladesh Bank (BB) Gover...

GP recommends 100pc dividend

GP recommends 100pc dividend

FE Online Report 2018-01-30 11:37:49

The board of directors of Grameenphone (GP) has recommended 100 per cent final cash dividend for the year ended on December 31, 2017, said an official discourse on Tuesday. The total dividend for t...

Queen South’s IPO lottery Thursday

Queen South’s IPO lottery Thursday

FE Online Report 2018-01-30 10:37:26

IPO lottery of Queen South Textile Mills Limited will be held on Thursday next (February 1) to allocate 15 million ordinary shares among the successful applicants. The lottery programme was held at...

BB hints at taking steps to attract local, foreign portfolio funds

BB hints at taking steps to attract local, foreign portfolio funds

FE Report 2018-01-30 10:14:35

Bangladesh Bank (BB) Governor Fazle Kabir has said the central bank will take steps to facilitate raising funds from the capital market through bonds. This, he said would help gradually reduce excessi...

Bangladesh Bank not against new banks, says governor

Bangladesh Bank not against new banks, says governor

FE Report 2018-01-30 09:50:49

Bangladesh Bank (BB) is not against allowing new banks, but it would depend on the decision by its board of directors, the central bank governor said. "We are not making a u-turn regarding allowing o...

RHD seeks Tk 13.43b more to carry out maintenance work

RHD seeks Tk 13.43b more to carry out maintenance work

Munima Sultana 2018-01-30 09:39:48

The Roads and Highways Department (RHD) has sought around 75 per cent higher allocation in the revised budget for the current fiscal year aiming to carry out periodic maintenance works. Sources said...

Foreign fund inflow for microcredit may dry up

Foreign fund inflow for microcredit may dry up

Rezaul Karim 2018-01-30 00:00:00

Microcredit sector might face some challenges, including less inflow of foreign funds, after Bangladesh's gradation from Least Developed Country (LDC) status, the regulator predicts. In its concept p...

Current account deficit may cross $4.0b in FY 18: BB

Current account deficit may cross $4.0b in FY 18: BB

FE Online Report 2018-01-30 00:00:00

The country’s current account deficit is likely to cross US$4.0 billion by the end of this fiscal year (FY18) over widening trade gap due to higher import payments against lower export receipts....