Search results for: BAN

Banks can give a maximum of 30pc dividend for 2020

FE REPORT 2021-02-08 08:45:35

The banking companies would be able to declare maximum 30 per cent dividend, including 15 per cent cash, for the year ended on December 31, 2020. The Bangladesh Bank (BB) has set the limit for the ba...

World Bank okays $40m for Bangladesh to expand e-GP coverage

-- 2021-02-07 17:14:03

The World Bank has approved $40 million to help Bangladesh increase the coverage of electronic government procurement (e-GP) with new features to respond to the COVID 19 challenges. This additio...

DSEX sinks below 5,600-mark on panic sale

FE ONLINE REPORT 2021-02-07 16:16:04

Stocks witnessed a free-fall on Sunday, with the core index of the Dhaka Stock Exchange (DSE) sinking below 5,600-mark as investors went for panic sell-offs to avoid further losses. The market opened...

Stocks volatile as mass vaccination begins

FE ONLINE REPORT 2021-02-07 11:44:08

Stocks witnessed volatility on Sunday morning as the nationwide mass coronavirus vaccination rolled out across the country amid a lukewarm interest from the people in getting the shots. Bangladesh be...

Listed private power companies' EPS soars in July-Dec

BABUL BARMAN 2021-02-07 10:11:40

Earnings per share (EPS) of most listed power generation companies in private sector under 'fuel & power' sector showed better performance in first half (H1) of the current financial year despite...

Apparel exports to US drop about 12pc in 2020

MONIRA MUNNI 2021-02-07 09:51:51

The country's apparel exports to the United States fell by 11.73 per cent to US$ 5.22 billion in 2020 year on year mainly due to the adverse impact of Covid-19 pandemic. Bangladesh fetched $ 5.92 bil...

LDC graduation’s gains to outweigh any losses, says Kamal

-- 2021-02-06 21:23:26

Finance Minister A H M Mustafa Kamal on Saturday said graduation from the Least Developed Country (LDC) status would be a matter of great honour and pride for the country. "Such pride and prestige ca...

LDC graduation to bring new opportunities, FBCCI president hopes

FE ONLINE DESK 2021-02-06 19:25:52

FBCCI President Sheikh Fazle Fahim has said Bangladesh would get new facilities in commerce graduating out of the least developed country (LDC). Describing LDC graduation as a big achievement for the...

'Many corporations doctor financial statements'

FE REPORT 2021-02-06 10:40:47

Many corporations are learned to manipulate their financial statements through supplying 'false information', which often misleads investors and causes monetary loss to them. Adoption of informatio...

Four out of 10 losers in last week's market are newly listed companies

FE REPORT 2021-02-06 09:49:34

Newly-listed companies, which rallied over the last few weeks, suffered the biggest hits in the outgoing week that ended on Thursday as four out of top ten losers were newcomers. Energypac Power Ge...

Fast-track projects to undergo review as half of mega schemes go off-track

FHM Humayan Kabir 2021-02-06 09:46:32

A high-level review of the implementation of government's 'fast-track' projects will take place soon, officials said on Friday. The first-track project monitoring taskforce, headed by principal sec...

Regulator suspends commission for non-life insurance agents

JASIM UDDIN HAROON 2021-02-05 10:31:00

Insurance regulator on Thursday suspended providing all types of commission for the country’s non-life insurance companies. The Insurance Development and Regulatory Authority issued a circular...

Stocks extend rally riding on major sectors

FE REPORT 2021-02-05 10:26:39

Stocks extended the winning streak for the second straight session on Thursday as bargain hunters showed their buying appetite for sector-specific large-cap issues. DSEX, the key index of the Dhaka S...

Bangladesh government reduces target to borrow from banks

SIDDIQUE ISLAM 2021-02-05 08:34:00

The government has slashed its bank borrowing target by more than 3.0 per cent to Tk 820 billion for the current fiscal year, compelled by lower implementation of the annual development programme (ADP...

Stocks witness positive, turnover remains low

FE ONLINE REPORT 2021-02-04 12:45:26

Stocks opened on a positive note on Thursday as bargain hunters showed their appetite on sector-wise issues. Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the C...

Baraka Patenga Power to invest more in electricity generation

Babul Barman From Patenga, CTG 2021-02-04 10:01:40

The Baraka Patenga Power Limited (BPPL) will utilize part of its initial public offering (IPO) proceeds of Tk 1.44 billion (144.34 crore) to invest in two of its power generating subsidiaries on becom...

Decision to issue new TREC to new firms

FE Report 2021-02-04 10:01:24

Dhaka Stock Exchange (DSE) has decided to issue new TREC (Trading Right Entitlement Certificate) for conducting trading activities in the capital market. The premier bourse on Tuesday took the decisi...

Committee assigned to probe market operators' role in share price-hike

MOHAMMAD MUFAZZAL 2021-02-04 08:56:57

The securities regulator has formed a two-member committee on Wednesday to probe into the role of market operators behind the unusual price hike of shares of the newly-listed companies, observed in th...

Inflation drops to 5.02pc in January

UNB 2021-02-03 20:37:40

The rate of inflation declined to 5.02 per cent in January from 5.29 per cent in the previous month (December). “The general point-to-point inflation rate eased to 5.02 per cent in January 2021...

ECNEC approves Tk 43.47b project to develop Bangabandhu industrial city

-- 2021-02-03 16:44:50

The Executive Committee of the National Economic Council (ECNEC) today approved a Tk 43.47 billion project to develop the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) as a state-of-the-art and intern...

Goods export growth slows in July-Jan

FE REPORT 2021-02-03 10:03:06

Bangladesh earned $22.67 billion through goods exports in the first seven months of this fiscal, reflecting 1.09 per cent negative growth over the same period of last fiscal. It fetched $22.91 billio...

Bubble in market apprehended as Tk 100b legalised in six months

FE Report 2021-02-03 09:59:24

The opportunity to whiten black money might help a section of political leaders in election financing, but, as far as the economy is concerned, it could prove to be counterproductive, economists and b...

Central bank revises credit growth targets for second half

FE REPORT 2021-02-03 09:56:05

Bangladesh Bank (BB) has projected the government's borrowing at 31.7 per cent in the revised the monetary policy programmes for the second half (H2) of the current fiscal year (FY). The growth in...

Stock market regulator to suggest 15pc gap in corporate tax

FE REPORT 2021-02-03 09:52:59

The securities regulator will suggest a 15-per cent gap in corporate tax between listed and non-listed companies in the next budget to attract more companies to the capital market. Bangladesh Secur...

IPO subscription of NRBC Bank begins today

FE REPORT 2021-02-03 09:06:38

The initial public offering (IPO) subscription of NRBC Bank Ltd begins today (Wednesday), aiming to raise Tk 1.20 billion through IPO under the fixed price method. The fourth generation bank is the f...

Special tax benefits discourage honest taxpayers, Rehman Sobhan says

-- 2021-02-02 21:39:45

Chairman of Centre for Policy Dialogue (CPD) Professor Rehman Sobhan has said the provision of whiten black money will discourage honest taxpayers. He also suggested the National Board of Revenue (NB...

Bourses witness downtrend at opening

FE ONLINE REPORT 2021-02-02 11:35:59

Stocks on both the bourses witnessed a downward trend in the early trading on Tuesday as investors showed their buying appetite based on the latest quarterly earnings. Following the previous two days...

India's proposal for reducing transit fees turned down

FE REPORT 2021-02-02 11:03:06

The Road Transport and Highways Division (RTHD) has rejected a proposal put forward by India to reduce road transit fees as the rate fixed earlier is lower than the actual one. Sources said the rate...

Half-yearly net sales of savings instruments cross fiscal year target

FE REPORT 2021-02-02 09:48:31

Net sales of the state-run savings instruments in the first half surpassed the target set for entire fiscal year (FY) 2020-21, according to official statistics. According to the Department of Natio...

Eligible investors required to join in IPO bidding through committee

FE Report 2021-02-02 09:40:52

The eligible investors (EIs) will have to take part in the initial public offering (IPO) bidding through a committee, which will unbiasedly recommend quantity and price of the shares concerned, base...