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Liquidity glut on the banks could fuel inflation, central bank warns

Liquidity glut on the banks could fuel inflation, central bank warns

SIDDIQUE ISLAM 2021-01-21 08:14:19

The surplus liquidity in the banking system might fuel inflationary pressure in the country in the near future, the Bangladesh Bank (BB) has said in its just-published annual report for the fiscal y...

Two African countries to take farmworkers from Bangladesh, informs minister

Two African countries to take farmworkers from Bangladesh, informs minister

FE ONLINE REPORT 2021-01-20 18:02:40

Bangladesh is in talks with several African countries to sending workers and Sudan and Kenya have already agreed to take Bangladeshi farmworkers, said Foreign Minister Dr AK Abdul Momen on Wednesday....

Stocks post slight gain after bumpy ride

Stocks post slight gain after bumpy ride

FE ONLINE REPORT 2021-01-20 16:27:11

Stocks posted a marginal gain on Wednesday after choppy trading as investors booked profits with cautious positioning. The market swung between positive and negative in the very beginning due to pers...

Stocks open higher amid low trading

Stocks open higher amid low trading

FE ONLINE REPORT 2021-01-20 11:28:18

Stocks on both the bourses witnessed an upward trend in the early trading on Wednesday as bargain hunters continued to put fresh bets on sector-wise issues. Following the previous day’s margina...

Bangladeshi women get lowest wage in Oman: Study

Bangladeshi women get lowest wage in Oman: Study

FE Report 2021-01-20 09:01:54

Bangladeshi women domestic workers receive the lowest wage in Oman, according to a study. It has showed that Filipino women call the highest rate of pay as elsewhere in the gulf region. The minimu...

Poor project execution prompts soul-searching

Poor project execution prompts soul-searching

FHM HUMAYAN KABIR 2021-01-20 08:45:24

The Planning Commission (PC) has taken a tough stance against the projects in the Barishal region that have made very poor progress, in terms of their execution. Planning Minister M.A. Mannan himse...

Dhaka Stock Exchange asked to set out 10-year business plan

Dhaka Stock Exchange asked to set out 10-year business plan

FE REPORT 2021-01-20 08:40:11

The securities regulator has sought a 'comprehensive' business plan of ten years from the Dhaka Stock Exchange (DSE). The regulatory instruction came Tuesday at a meeting held at the office of the...

Govt appoints Ahmed Jamal as central bank director

Govt appoints Ahmed Jamal as central bank director

-- 2021-01-19 20:14:15

The government has appointed Bangladesh Bank (BB) deputy governor Ahmed Jamal as the director of the Board of Directors and the member of the executive committee of the bank for the next three years....

Dhaka stocks down at opening

Dhaka stocks down at opening

FE ONLINE REPORT 2021-01-19 11:03:28

Stocks on Dhaka bourse witnessed a downward trend in the early trading on Tuesday as risk-averse investors continued their profit booking sell-offs on quick-gaining stocks. However, Energypac Power G...

Costs of mega projects escalate; RHD demands higher funds

Costs of mega projects escalate; RHD demands higher funds

FHM Humayan Kabir 2021-01-19 09:03:23

The Roads and Highways Department (RHD) has sought 10 per cent higher funds than its allocation to finance some mega projects ahead of the annual development programme (ADP) revision, officials said o...

Trade and Tariff Commission proposes withdrawal of VAT on cooking oil production, trading

Trade and Tariff Commission proposes withdrawal of VAT on cooking oil production, trading

SYFUL ISLAM 2021-01-19 08:59:14

Amid the skyrocketing prices of edible oils in the local market, a government body has suggested withdrawing value-added tax (VAT) to tame inflation. The Bangladesh Trade and Tariff Commission (BTTC)...

Karnaphuli tunnel to be ready for vehicular movement by next year

Karnaphuli tunnel to be ready for vehicular movement by next year

-- 2021-01-18 20:13:25

The 3.32-kilometre long tunnel under the Karnaphuli River in Chattogram is expected to be ready for vehicular movements by 2022.  “The overall progress of Karnaphuli Tunnel has reached 62...

Stocks down in early trading

Stocks down in early trading

FE ONLINE REPORT 2021-01-18 11:04:58

Stocks on both the bourses witnessed a downward trend in the early trading on Monday as many investors freed some funds to take positions on the new issue -- Energypac Power Generation. Energypac Pow...

Energypac Power makes trading debut Tuesday

Energypac Power makes trading debut Tuesday

FE ONLINE REPORT 2021-01-18 10:53:42

Energypac Power Generation will make its shares trading debut on Dhaka Stock Exchange and Chittagong Stock Exchange under the “N” category on Tuesday. The DSE trading code for Energypac P...

Desh General's IPO subscription to begin February 14

Desh General's IPO subscription to begin February 14

FE REPORT 2021-01-18 09:04:32

The IPO subscription of Desh General Insurance will open on February 14, aiming to raise Tk 160 million under the fixed price method. The company's initial public offering (IPO) subscription will b...

Interest spread up slightly; Banks' excess liquidity all-time high at Tk 2.0tn

Interest spread up slightly; Banks' excess liquidity all-time high at Tk 2.0tn

SIDDIQUE ISLAM 2021-01-18 08:27:21

The interest rate spread increased slightly in November 2020, as the banks slashed their deposit rates more than the lending ones, bankers have said. The interest on deposit decreased at comparativ...

Tk 10b refinance scheme set up for tech upgrading of export units

Tk 10b refinance scheme set up for tech upgrading of export units

FE REPORT 2021-01-18 08:15:54

Bangladesh Bank (BB) has formed a Tk10 billion refinancing scheme to provide low-cost loans to the export-oriented industries for upgrading technologies. The scheme is also meant for strengthening...

Agriculture minister hopeful of achieving 50pc irrigation efficiency by 2030

Agriculture minister hopeful of achieving 50pc irrigation efficiency by 2030

-- 2021-01-17 20:29:58

Agriculture Minister Abdur Razzaque on Sunday said the irrigation efficiency would be increased up to 50 per cent by 2030 aiming to expand more cost-effective irrigation facilities for the farmers. &...

Govt rolls out new stimulus worth Tk 27.0b for small businesses

Govt rolls out new stimulus worth Tk 27.0b for small businesses

-- 2021-01-17 17:24:04

The government has announced two more stimulus packages worth Tk 27 billion to help small, medium and cottage industries and expand social safety coverage. Prime Minister Sheikh Hasina has approved t...

Stocks slump on profit booking

Stocks slump on profit booking

FE ONLINE REPORT 2021-01-17 16:05:35

Stocks ended lower on Sunday, after a single-day break, as risk-averse investors booked profits on quick-gaining stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 58.87 po...

IsDB lends $47m to supplement stimulus packages for SMEs

IsDB lends $47m to supplement stimulus packages for SMEs

ISMAIL HOSSAIN 2021-01-17 12:28:24

The Islamic Development Bank (IsDB) has come forward with a US$47 million credit line to support the country's small and medium enterprises (SMEs), hit hard by the pandemic, but abandoned by banks as...

Bourses open week on higher note

Bourses open week on higher note

FE ONLINE REPORT 2021-01-17 11:02:18

Stocks on both the bourses witnessed an upward trend in the early trading on Sunday amid rising trading activities as investors were putting fresh bets on the market amid high hopes. Following the pr...

Stock market needs big players for healthy growth, not bull run

Stock market needs big players for healthy growth, not bull run

FE REPORT 2021-01-17 10:35:55

Country's stock market does need the listing big companies with strong fundamentals to help deepen and widen its base and reduce speculation-based trading, speakers told a webinar on Saturday. They a...

IPO subscription of Desh General Insurance to begin Feb 14

IPO subscription of Desh General Insurance to begin Feb 14

FE ONLINE REPORT 2021-01-17 10:29:03

The IPO subscription of Desh General Insurance will open on February 14, aiming to raise Tk 160 million under the fixed price method. The company’s initial public offering (IPO) subscription wi...

Apparel sector needs collaboration among stakeholders for recovery, experts say

Apparel sector needs collaboration among stakeholders for recovery, experts say

FE ONLINE REPORT 2021-01-16 21:17:45

A collaborative approach among governments, brands and suppliers will be the key to ensure better recovery of the global apparel sector which has suffered an unprecedented disruption in view of the CO...

SEC chairman warns against market manipulation

SEC chairman warns against market manipulation

-- 2021-01-16 19:48:05

Shibli Rubayat-Ul-Islam, chairman of Bangladesh Securities and Exchange Commission, has warned against market manipulation, saying that anyone trying to play dirty will get caught easily. “If s...

DSE witnesses milestone in stock trading

DSE witnesses milestone in stock trading

FE Report 2021-01-16 09:38:38

Dhaka bourse closed the week setting a milestone in market capital capitalisation riding on investors' enthusiastic participation in large cap sectors. Following the price appreciation witnessed by m...

Poor project implementation may lead to cutting development budget

Poor project implementation may lead to cutting development budget

FHM Humayan Kabir 2021-01-16 08:58:00

The annual development programme (ADP) is likely to be revised soon with a significant cut due to poor project execution by the ministries and agencies in the first half of the current fiscal, officia...

Only 24pc of development budget spent in first half

Only 24pc of development budget spent in first half

FHM HUMAYAN KABIR 2021-01-15 11:07:44

The government agencies executed only 24 per cent of the annual development programme in the first half of the current fiscal in a sign of sluggish project work, officials said on Wednesday. They s...

DSE market capitalisation crosses Tk 5.0-tn mark

DSE market capitalisation crosses Tk 5.0-tn mark

FE Report 2021-01-15 09:23:17

The market capitalisation of the Dhaka Stock Exchange (DSE) crossed Tk 5.0 trillion on Thursday, hitting an all-time high following the price appreciation witnessed by the majority number of listed se...