Search results for: Bangla

State-owned Krishi Bank seeks Tk 9.5b bailout

REZAUL KARIM 2020-12-27 09:40:35

Troubled by huge capital shortfall, the Bangladesh Krishi Bank (BKB) has recently sought Tk.9.5 billion from the government to raise its paid-up capital citing an altogether different reason. The cap...

Sustainable capital market within six months, says BSEC chief

FE ONLINE REPORT 2020-12-24 22:08:33

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam expressed his firm optimism to get a sustainable capital market within the next six months. “Many evil...

BRICKS bank to help Bangladesh amass fund for development goals

-- 2020-12-24 18:50:13

Bangladesh had shown interest in joining the New Development Bank, BRICS Bank, when it was coming into being in 2014 only for it to lean towards the China-sponsored Asian Infrastructure Investment Ban...

Shares jump as Robi makes flying debut

FE ONLINE REPORT 2020-12-24 16:18:10

Stocks witnessed a big jump on Thursday, with turnover crossing Tk 14 billion-mark on the major bourse after more than four-month, as investors put fresh stakes on stocks amid expectations. DSEX, the...

Stocks open higher as Robi makes flying debut

FE ONLINE REPORT 2020-12-24 11:02:05

Stocks witnessed an upward trend in early trading on Thursday as Robi, the biggest-ever issue made a flying trading debut. Robi is the largest public offering in the history of Bangladesh's capital m...

Meghna Petroleum declares 150pc cash dividend

FE ONLINE REPORT 2020-12-24 10:53:06

The board of directors of Meghna Petroleum has recommended a 150 per cent cash dividend for the year ended on June 30, 2020. The final approval will come during the annual general meeting scheduled t...

BB making transition from LIBOR to alternative reference rate

FE REPORT 2020-12-24 09:06:10

The central bank on Tuesday issued a draft policy seeking opinions from the stakeholders concerned to set up alternative reference rate after phasing out of the London Inter-Bank Offered Rate (LIBOR...

Bangladesh issues Sukuk Monday to raise Tk 80b

JASIM UDDIN HAROON 2020-12-24 09:01:32

Sukuk, the Islamic Shariah-compliant bond, will be issued on Monday, marking the history in the country's financial market. The Bangladesh Government Islamic Investment Sukuk worth Tk 40 billion will...

PM orders fresh stimulus plan to tackle second Covid wave

-- 2020-12-23 22:07:16

Prime Minister Sheikh Hasina on Wednesday asked the finance ministry and other related ministries and divisions to formulate another financial stimulus package plan keeping the second wave of COVID-19...

Walton approves 200pc cash dividend

-- 2020-12-23 20:42:30

Walton Hi-Tech Industries Limited has approved 200 per cent cash dividend for the general shareholders and 75 per cent cash dividend for sponsors and directors for the financial year 2019-2020. ...

DSE daily turnover exceeds Tk 12b-mark

FE Online Report 2020-12-23 16:44:52

Stocks rebounded strongly on Wednesday, with a turnover crossing Tk 12 billion-mark on the major bourse after four-month, as bargain hunters put fresh stakes on stocks amid optimism. DSEX, the prim...

Indian minister assures Bangladesh of cooperation in ensuring barrier-free trade

-- 2020-12-23 15:39:06

India has assured Bangladesh of cooperation in ensuring barrier-free trade. Accordingly, the assurance was conveyed by Minister of Railways, Commerce & Industry, Consumer Affairs and Food & P...

Stocks witness mixed trend amid volatility

FE ONLINE REPORT 2020-12-23 10:52:04

Stocks witnessed mixed trend in early trading on Wednesday with choppy trading as investors mostly followed cautious and waited for debut of the largest ever issue Robi. Following the previous day&rs...

Bangabandhu Hi-Tech Park beckons entrepreneurship

SAIF UDDIN, BACK FROM RAJSHAHI 2020-12-23 10:20:52

The construction of key facilities at Bangabandhu Sheikh Mujib Hi-Tech Park in the northern education city of Rajshahi is set to finish by next year. The Tk 2.88-billion hi-tech park (HTP) will creat...

2nd wave Covid-19 fallout may slow down Bangladesh recovery, warns BB

Siddique Islam 2020-12-23 08:50:53

The slower global economic recovery amid the second wave of Covid-19 may hinder Bangladesh's effort to overcome the fallouts from the pandemic's first hit, according to a latest Bangladesh Bank (BB)...

Sukuk bond to be issued by December 30

-- 2020-12-22 21:51:36

Sukuk, a sharia-compliant bond-like instruments used in Islamic finance, would be issued in the country by December 30 this year. The Finance Division and the Bangladesh Bank on Tuesday signed an agr...

CSE revises Shariah Index with effect from Dec 30

FE Online Report 2020-12-22 17:13:25

The Chittagong Stock Exchange (CSE) has revised its Shariah Index on the basis of performance of the CSE listed companies. The new index will be effective from December 30. The CSE Shariah Index is r...

Stocks back to red after single-day break

FE ONLINE REPORT 2020-12-22 16:04:33

Stocks returned to the red on Tuesday, after a single-day break, as many investors freed funds to participate in the upcoming IPOs while some were waiting for the debut of the largest ever issue Robi....

Remittance outlook bleak for emerging economies like Bangladesh

REUTERS 2020-12-22 15:00:05

Larger-than-expected money transfers from migrants overseas have provided a tonic for several sickly economies during the coronavirus crisis, but the outlook for such flows remains fraught with uncert...

Stocks post marginal fall in early trading

FE ONLINE REPORT 2020-12-22 11:41:56

Stocks posted a marginal decline in the early trading on Tuesday as investors followed a cautious stance ahead of the trading debut of the country's largest-ever issue Robi. Following the previous da...

Business continuity plan to be piloted at two economic zones

FE Report 2020-12-22 10:19:34

The Planning Commission and Bangladesh Economic Zones Authority will conduct a piloting of business continuity plan (BCP) among the industries located in two economic zones aiming to strengthen resi...

Export policy review meeting today

FE REPORT 2020-12-22 09:57:11

The government will review the progress in implementation of the existing export policy 2018-21 aiming to help boost export, officials said. To this effect, the monitoring committee on the existing e...

ADB provides additional $50m for pandemic-affected microenterprises

-- 2020-12-21 20:32:46

The Asian Development Bank (ADB) and the government of Bangladesh on Monday signed agreements for $50 million in additional loans for the resumption of the economic activities of microenterprises seve...

Robi makes shares trading debut on Thursday

FE ONLINE REPORT 2020-12-21 16:46:12

Robi Axiata, the largest ever IPO in Bangladesh’s capital market history, will make its shares trading debut from December 24 (Thursday) under “N” category. Thousands of investors a...

Bourses witness upward trend after three-day selloff

FE ONLINE REPORT 2020-12-21 11:05:36

Stocks witnessed an upward trend in early trading on Monday as bargain hunters were active on sector-wise issues after the recent price correction. Following the previous three days’ correction...

Exim Bank to issue Tk 5.0b mudaraba subordinated bond

FE ONLINE REPORT 2020-12-21 10:36:11

The board of directors of Exim Bank Ltd has decided to issue mudaraba subordinated bond (4th Issue) of Tk 5.0 billion, said an official disclosure on Monday. The bank will issue the bond as a proce...

Huge lending rate cut to promote Japanese investments

FE Report 2020-12-21 10:24:34

The central bank has slashed significantly the interest rate on loans under the foreign direct investment promotion project (FDIPP) to facilitate Japanese investment in Bangladesh. The interest rate...

Import costs go up with oil price rise

SIDDIQUE ISLAM 2020-12-21 10:13:59

The country's spending on imports increased slightly in November, lifted by an uptrend in petroleum prices in the international market. The coronavirus vaccines rollout in the United States and the U...

Stocks keep losing for third straight day

FE Online Report 2020-12-20 17:11:50

Stocks extended the losing streak for the three consecutive sessions on Sunday as risk-averse investors continued to book profit on major sectors stocks. DSEX, the key index of the Dhaka Stock Exchan...

Crystal Insurance to make debut tomorrow

FE ONLINE REPORT 2020-12-20 13:41:26

Crystal Insurance Company will make its shares trading debut tomorrow (Monday) on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange under the ‘N’ category. The DSE trading code...