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Export earnings from furniture industry witness 18.53pc growth

Export earnings from furniture industry witness 18.53pc growth

-- 2019-07-10 19:30:54

The export earnings from the country’s furniture industry witnessed an 18.53 per cent growth in the last fiscal year (FY19). The country bagged $74.89 million from furniture export in FY19, whi...

DSE extends losing streak for fourth day

DSE extends losing streak for fourth day

FE Online Report 2019-07-10 13:37:23

The Dhaka bourse extended its losing streak for fourth consecutive session on Wednesday as major sectors failed to support the market. The market opened the session with a negative note and the bro...

Govt’s July-May net borrowing from savings tools up 8.0pc

Govt’s July-May net borrowing from savings tools up 8.0pc

Arafat Ara 2019-07-10 10:50:43

The government's net borrowing from state-owned savings instruments rose by about 8.0 per cent in the first 11 months of the just-concluded fiscal year compared to the corresponding period of the pr...

Delisting of 14 non-performing cos

Delisting of 14 non-performing cos

FE Report 2019-07-10 10:35:18

The country's premier bourse is yet to take its final decision regarding delisting of 14 non-performing companies as the securities regulator has not yet delivered its instruction. However, market...

MFs see investors' increased participation

MFs see investors' increased participation

FE Report 2019-07-10 10:33:13

Listed mutual funds have been witnessing investors' increased participations amid the continuous price corrections witnessed by other major sectors. The market insiders said investors' participations...

People’s Leasing worst loser

People’s Leasing worst loser

FE Report 2019-07-10 10:29:06

People’s Leasing and Financial Services Limited (PLFSL) became the worst loser on Tuesday following the government's approval to the company's liquidation over its broken financial state. The s...

Inflation cools in FY’19 after steep increase

Inflation cools in FY’19 after steep increase

FE Report 2019-07-10 10:15:32

After a sharp rise, the average inflation rate fell to 5.48 per cent in the just-concluded fiscal year, the government said. The inflation rate is 0.08 percentage points lower than the government's 5...

Deficit financing: Govt borrowing beyond monthly auction

Deficit financing: Govt borrowing beyond monthly auction

Jasim Uddin Haroon 2019-07-10 10:13:18

The government is increasingly borrowing from the banking system going beyond the regular monthly calendar of auctions. Primary dealers (PDs) said the government had borrowed money six-times over the...

Tainted money whitening offers have little effect

Tainted money whitening offers have little effect

Doulot Akter Mala 2019-07-10 10:09:05

The existing black money whitening facility through voluntary disclosure of undisclosed income drew a poor response in the last three fiscal years (FYs), as only Tk 1.96 billion money was legalised in...

Bangladesh, Bhutan to finalise PTA to boost bilateral trade

Bangladesh, Bhutan to finalise PTA to boost bilateral trade

-- 2019-07-09 20:59:58

Bangladesh and Bhutan are going to finalise the Preferential Trade Agreement (PTA) aiming to increase bilateral trade between the two countries. Outgoing Bhutanese Ambassador to Bangladesh Sonam Tobd...

ADP implementation increases  in FY19

ADP implementation increases in FY19

-- 2019-07-09 19:58:04

The implementation rate of the Annual Development Programme (ADP) in the last fiscal year (FY19) was 94.32 per cent with an overall expenditure of Taka 1.67 trillion. “This ADP execution in the...

Trade gap stands at $14.65b in July-May

Trade gap stands at $14.65b in July-May

FE Online Report 2019-07-09 16:48:36

Country’s merchandise trade deficit with the rest of the world stood at US$14.65 billion during the first 11 months of the past fiscal year (FY19). Central bank statistics, released this week,...

First ECNEC meeting of FY20 approves 13 projects

First ECNEC meeting of FY20 approves 13 projects

-- 2019-07-09 16:37:25

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 13 projects involving Taka 77.44 billion at its first meeting of the current fiscal year (FY 2019-20). The mee...

DSE sinks as sell-off continues

DSE sinks as sell-off continues

FE Report 2019-07-09 13:06:58

The Dhaka bourse Tuesday continued its losing streak for the third consecutive session as major sectors including the bank were in a correction mood. After two hour of the session, the DSEX, the broa...

Sea Pearl Beach Resort to make debut July 16

Sea Pearl Beach Resort to make debut July 16

FE Report 2019-07-09 10:46:30

Trading of the shares of Sea Pearl Beach Resort & Spa Limited will commence on DSE from July 16 under 'N' category, according to a disclosure posted on the DSE website. DSE Trading Code for Sea P...

Pragati Life Insurance tops chart of top gainers

Pragati Life Insurance tops chart of top gainers

FE Report 2019-07-09 10:37:55

Pragati Life Insurance topped the chart of top gainers on Monday following the corporate declaration of issuing rights shares. On the day, the company posted a price hike of 12.95 per cent or Tk 17.2...

Overseas jobs drop by 18pc

Overseas jobs drop by 18pc

FE Report 2019-07-09 09:41:30

The country's overseas employment dropped by 18 per cent in the first six months of the current year following a reduction in recruitment by Middle Eastern nations, official data showed. A total of 3...

FY19 exports rise by 10.55pc, hit $40.53b

FY19 exports rise by 10.55pc, hit $40.53b

FE Report 2019-07-09 09:37:19

The country's export earnings reached an all-time high of US$ 40.53 billion in the just concluded fiscal year (FY), 2018-19, registering a 10.55 per cent growth over that of the previous fiscal, accor...

NBR to launch mobile app to prevent tax evasion

NBR to launch mobile app to prevent tax evasion

-- 2019-07-08 17:38:09

The National Board of Revenue (NBR) is going to launch a ‘mobile app’ for increasing the number of taxpayers and preventing tax evasion.  “We will make web-based software and a...

Loan rescheduling: SC extends stay on HC order

Loan rescheduling: SC extends stay on HC order

FE Online Desk 2019-07-08 14:48:53

The Supreme Court on Monday extended for two months its stay on a High Court order that halted a central bank circular providing loan defaulters with privileges. That means, the privileges that defau...

Steps taken to make capital market vibrant: PM

Steps taken to make capital market vibrant: PM

-- 2019-07-08 12:09:31

Prime Minister Sheikh Hasina on Monday said her government has taken various steps to ensure a vibrant capital market that will supplement its efforts to make Bangladesh a developed country by the yea...

Non-merger of economic, admin cadres affects govt dev activities

Non-merger of economic, admin cadres affects govt dev activities

FHM Humayan Kabir 2019-07-08 11:56:28

Development activities in the public sector are being hampered due to non-effectiveness of the government's order to merge administration and economic cadres of the Bangladesh Civil Service (BCS), ins...

Prime Islami Life Ins, Int’l Leasing recommend div

Prime Islami Life Ins, Int’l Leasing recommend div

FE Report 2019-07-08 10:29:38

Two listed companies have recommended dividends ranging from 5.0 per cent to 12 per cent in last week for the year ended on December 31, 2018. The companies are Prime Islami Life Insurance and Intern...

Economists warn revenue shortfall may lead to debt trap

Economists warn revenue shortfall may lead to debt trap

FE Report 2019-07-08 10:04:19

As the government spending is growing, failure in meeting the revenue targets could put Bangladesh into a debt trap, economists warned on Sunday. To avoid such unpleasant macroeconomic situation, the...

BB heist: APG pledges pressure on Manila to refund money

BB heist: APG pledges pressure on Manila to refund money

FE Report 2019-07-08 09:46:13

The Asia Pacific Group (APG) on money laundering has assured Bangladesh of ratcheting up pressure on the Philippines to return the heisted reserve money, officials said. The Group said had the Philip...

Sonar Bangla Insurance approves 12pc dividend

Sonar Bangla Insurance approves 12pc dividend

FE Online Desk 2019-07-07 14:09:08

The board of directors of Sonar Bangla Insurance Ltd has approved 6 per cent cash and 6 per cent stock dividend for the year ended on December 31, 2018. The approval of the dividend came during the 1...

DSE negative trend continues at midday

DSE negative trend continues at midday

FE Online Report 2019-07-07 13:00:07

The Dhaka bourse opened the Sunday’s session on a negative note and continued the trend for around two hours. The day’s falling trend was triggered by price corrections witnessed by the m...

'Large-scale reform must to cut growing inequality'

'Large-scale reform must to cut growing inequality'

FE Report 2019-07-07 12:50:26

Large-scale structural reform is urgently needed in income generation and distribution process to reduce growing inequality in the society, economists opined at an international conference in the capi...

Mutual funds see highest price appreciation in last week

Mutual funds see highest price appreciation in last week

FE Report 2019-07-07 11:33:50

The listed mutual funds (MFs) saw the highest price appreciation in last week despite the turnover is yet to be significant compared to that of other sectors. The sector comprising 37 closed-end...

Dhaka Bank to expand businesses embarking on SME, digitisation

Dhaka Bank to expand businesses embarking on SME, digitisation

Ismail Hossain 2019-07-07 11:31:04

Dhaka Bank will decentralise its loan concentration from corporate to retail and small and medium enterprises (SME) to minimise credit risk, said the top executive of the leading private commercial ba...