Search results for: BAN

AIIB approves $250m for BD to fight against COVID-19

-- 2020-05-20 22:49:40

The Asian Infrastructure Investment Bank (AIIB) has approved $250 million for extending cooperation to Bangladesh government’s utmost efforts for combating Covid-19. “AIIB Board of Direct...

Thrust on new products to minimise investor risks

FE Report 2020-05-20 10:14:51

The securities regulator will work to restore investors' confidence along with building a strong base of the capital market. Besides, the Bangladesh Securities and Exchange Commission (BSEC) will mai...

Yields on securities rise ahead of Eid

SIDDIQUE ISLAM 2020-05-20 10:06:38

Yields on the government approved securities increased slightly on Tuesday, as the banks were reluctant to invest their funds in the instruments ahead of the Eid-ul-Fitr. The cut-off yield, general...

ADP spending hits four-year low

FE Report 2020-05-20 09:41:18

The Annual Development Programme (ADP) spending hit four-year low in the first 10 months of the current fiscal year (FY) 2019-20 due to the impact of the coronavirus on the development work, officia...

Relief on the way for Covid-hit taxpayers

Doulot Akter Mala 2020-05-20 09:19:38

The government is likely to offer a set of tax incentives for both individual and corporate taxpayers, including black money whitening opportunity, in the budget for upcoming fiscal year (FY), 2020-21...

More than 0.6m irregular BD workers risk deportation

Arafat Ara 2020-05-20 09:17:31

Thousands of Bangladeshi workers staying abroad without proper documents risk being deported, due in part to coronavirus pandemic in countries that host them, according to insiders in the manpower e...

NRB Bank distributes food support to under-privileged people of Gopalgonj

FE Online Desk 2020-05-19 21:57:17

As part of  Corporate Social Responsibility, NRB Bank Limited has undertaken Essential Food Support Initiative to help families in dire need for food and welfare support under a nationwide shutdo...

Business organisations, policy think-tank chart out pvt sector dynamism

FE Online Desk 2020-05-19 19:36:48

Four leading business organizations and a private sector economic policy think tank on Tuesday floated ‘Resurgent Bangladesh’, an initiative to help Bangladesh chart out and execute the re...

NEC approves Tk 2.05t ADP for FY21

-- 2020-05-19 16:57:42

The National Economic Council (NEC) on Tuesday approved the Annual Development Programme (ADP) involving Tk 2.05 trillion for the fiscal year 2020-21 (FY21) with focus on transport, education, health...

MTB, MRDI extend support to corona-affected offshore villagers  

FE Online Desk 2020-05-19 15:58:36

Corporate sector has been contributing significantly in social development including reducing poverty, fighting disaster and adverse situation. Besides government initiatives, precise use of the CSR f...

CSE team calls on new chairman of BSEC

FE Online Desk 2020-05-19 15:11:20

A delegation of Chittagong Stock Exchange (CSE) made a courtesy call on Prof. Shibly Rubaiyatul Islam, the newly-appointed chairman of Bangladesh Securities and Exchange Commission (BSEC) on Monday. M...

Robi seeks regulatory support to expedite its IPO process

FE REPORT 2020-05-19 12:20:05

Robi, country's second largest mobile operator, has sought the regulatory support to expedite the completion of process of the company's IPO (initial public offering) proposal. Mahtab Uddin Ahmed, th...

PC to place Tk 2.05tn ADP for next FY today

FE REPORT 2020-05-19 09:46:12

The Planning Commission (PC) is set to place a Tk 2.05 trillion worth of Annual Development Programme (ADP) before the National Economic Council (NEC) today (Tuesday) for getting approval, officials s...

Implementation of stimulus package for industries: 14 banks sign deal with BB

FE REPORT 2020-05-19 09:39:24

Fourteen banks on Monday signed separate agreements with the Bangladesh Bank to disburse Tk 150 billion in loans as part of refinancing facilities to support implementation of the stimulus package f...

BD economy to experience slowdown in next 1.5 yrs: Moody's

SIDDIQUE ISLAM 2020-05-19 09:33:03

Global ratings agency Moody's has predicted the economic activity in Bangladesh will decelerate sharply over the next 18 months in the aftermath of COVID-19 outbreak. "…. domestic activity res...

FDI drops by 20pc last year

FE Online Report 2020-05-18 21:46:09

Net inflow of foreign direct investment (FDI) in Bangladesh dropped by 20.45 per cent in the last calendar year (2019), according to the latest estimate of the central bank. The estimate, although pr...

Garment exporters get fresh facility

SIDDIQUE ISLAM 2020-05-18 11:31:47

The central bank has enhanced the loan ceiling for the members of textiles and clothing exporters under its export development fund or EDF scheme to help boost proceeds from overseas sales, officials...

IDLC Finance's net profit slumps 43pc in Q1

FE REPORT 2020-05-18 10:34:26

IDLC Finance's net profit dipped more than 43 per cent year-on-year in the first quarter for January-March, 2020 amid bearish stock market and Covid-19 pandemic. The consolidated financial statements...

JS body for gearing up economic diplomacy

FE REPORT 2020-05-18 10:24:29

The parliamentary standing committee on the foreign affairs ministry on Sunday recommended gearing up economic diplomacy to address the post-Covid economic challenges. This was the first meeting of a...

Virus pandemic threatens to pulverise cement sector

FE REPORT 2020-05-18 10:24:23

The current demand for cement declines drastically as the country-wide constructions, including that of mega projects, have almost come to a halt following the prolonged lockdown enforced to flatten...

May VAT receipts slump on Covid-19

DOULOT AKTER MALA 2020-05-18 09:26:12

The collection of valued added tax or VAT against returns slipped by over 38 per cent in May, although the number of filing rose by 11,000 month on month. Despite lockdown, the return submission has...

Govt cash gift for Corona-affected family disbursed through Rupali Bank SureCash [

FE Online Desk 2020-05-18 00:44:09

The government is providing direct cash assistance to 5.0 million Corona-affected families. Recently Prime Minister Sheikh Hasina announced this Eid gift of BDT 2,500 per family via mobile banking to...

Prof Shibli named SEC chairman

-- 2020-05-17 18:57:12

The government has appointed Professor Shibli Rubayat Ul Islam, who teaches banking and insurance at Dhaka University, as the chairman of Bangladesh Securities and Exchange Commission, reports bdnews2...

BIBM holds workshop on economic, monetary implications of COVID-19

-- 2020-05-16 23:38:54

A half-day online workshop on preparedness of banks to mitigate effects of COVID-19 on economic, monetary and financial sector was held on Saturday at the Bangladesh Institute of Bank Management (BIBM...

Govt seeks $4.5 billion in foreign loans to cover budget deficit

-- 2020-05-16 12:15:04

With the global economy battered by the coronavirus pandemic, Bangladesh has sought record $4.5 billion in loans from foreign donors to cover the deficit in the national budget for fiscal year 2020-21...

Prime Bank to pay 13.50pc cash dividend

FE Report 2020-05-16 09:51:11

The board of directors of Prime Bank Ltd has recommended 13.50 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a meeting held through digital pla...

SoEs' funds: Govt eyes transfer of Tk 150b by June

Mir Mostafizur Rahaman 2020-05-16 09:27:25

The government plans to transfer Tk 150 billion from the surplus money of the state-owned enterprises or SoEs to the government exchequer during fiscal year 2019-20, finance ministry officials say....

Tk 2.05tn ADP awaits approval on Tuesday

FHM HUMAYAN KABIR 2020-05-16 09:19:13

The government is set to approve a Tk 2.05-trillion Annual Development Programme (ADP) at the National Economic Council (NEC) meeting scheduled for Tuesday, officials said on Friday. Amid the coronav...

Funding relief packages: BB opts for massive QE

Jasim Uddin Haroon 2020-05-16 09:16:24

The central bank is purchasing securities without any check to funnel funds into banks, which are supposed to finance economic rescue packages. The quantitative easing or QE is a form of unconvention...

Summit Gazipur II receives $140m from Clifford Capital and Japan’s SMBC

FE Online Desk 2020-05-15 22:23:02

Summit has closed USD 140 million (equivalent to BDT 11.90 billion) as long-term financing from Clifford Capital Pte. Ltd. (“Clifford Capital”) of Singapore and Sumitomo Mitsui Bankin...