Search results for: Bangla

City Bank, Trust Bank, First Security Islami Bank can raise Tk 14b

FE REPORT 2020-12-13 10:21:27

The stock market regulator has given approval to issue perpetual bonds worth Tk 14 billion in favour of three listed bank - First Security Islami Bank, Trust Bank and City Bank - to strengthen their a...

Plan to integrate southern region indispensable to maximise benefits from Padma Bridge: Economists

FHM HUMAYAN KABIR 2020-12-13 10:20:18

Economists on Saturday urged the government to make 'complementary' investments and prepare a regional integration plan to tap the benefit from the Padma bridge. They have called for upgrading the Mo...

Start-ups face fund crisis to sustain amid pandemic, experts say

-- 2020-12-12 21:38:55

Speakers at a national dialogue said funds crisis are the main challenge amid Corona in creating start-ups. Though many young entrepreneurs are entering the competitive market with new ideas, ultima...

BGMEA says Bangladesh will lose $4.0b in EU sans duty-free gains

-- 2020-12-12 20:12:04

Bangladesh's garment exporters will lose $4 billion if the European Union (EU) ends the duty-free trade benefit for the country following its graduation to a developing nation, according to a study by...

Bangladesh bets on preferential trade terms to boost export earnings

-- 2020-12-12 17:56:04

As Bangladesh looks forward to graduating out of the least developed country (LDC) status in 2024, it's increasingly emphasising on bilateral preferential trade agreement (PTA) and free trade agreemen...

Padma Bridge to initiate industrial revolution in 21 districts, experts say

-- 2020-12-12 17:50:31

Bangladesh’s economy will get a huge boost with the expected ‘industrial revolution’ in 21 southwestern districts after the inauguration of the long-cherished Padma Multi-Purpose Bri...

Dhaka likely to receive $1.0b WB, ADB funds for purchasing corona vaccine

FHM HUMAYAN KABIR 2020-12-12 10:34:00

Two major lenders are expected to provide US$1.0 billion in loans to help Bangladesh procure Covid-19 vaccines, officials said on Friday. Both the World Bank (WB) and the Asian Development Bank (AD...

Bangladesh's imports may be costlier due to freight charges

JASIM UDDIN HAROON 2020-12-12 08:53:15

The global shipping crisis has fuelled freight charges, thus making the country's imported items costlier, businesses said on Friday. Shipping schedules around the world were disrupted by the pandemi...

BB imposes additional 1.0pc general provision against unclassified loans

SIDDIQUE ISLAM 2020-12-11 11:08:43

The central bank has imposed an additional 1.0 per cent general provision against all unclassified loans aiming to improve financial health along with the shock-absorbing capacity of banks, officials...

Dhaka needs to join RCEP or enter a deal, suggest stakeholders

FE REPORT 2020-12-11 10:48:33

Experts and analysts during a webinar on Thursday said Bangladesh may face challenges in attracting foreign direct investment (FDI) for formation of China-led Regional Comprehensive Economic Partnersh...

Pandemic era poor be covered by safety schemes, analysts ask govt

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

The government needs to enhance the coverage of social protection by adding new poor to the new plans for tackling the second wave of coronavirus, experts said on Thursday. For proper execution of th...

Bangladeshi banks see no competitive atmosphere, says ex-governor

FE REPORT 2020-12-11 10:23:17

Former governor of Bangladesh Bank Dr Mohammed Farashuddin on Thursday said the country's private commercial banks are dictating banking policies. He also held responsible the domination of private b...

Tk 276b shortfall in NBR's tax earning in five months

DOULOT AKTER MALA 2020-12-11 09:32:28

The revenue authority faced a Tk 275.56 billion shortfall in tax collection until November of the current fiscal year against its target due to sluggish economic activities amid the Covid-19 pandemic....

Policymakers urged to shun 'growth obsession’, address inequality instead

FE REPORT 2020-12-11 08:55:47

Speakers at a discussion on Thursday urged the government to redefine the development strategy from the economic growth-centric paradigm to reducing inequality and disparity. They have suggested maki...

‘Reference point’ for Dutch-Bangladesh investment collaboration launched  

FE ONLINE REPORT   2020-12-10 23:15:35

A new study has identified a number of key areas for entrepreneurial engagements between Bangladesh and the Netherlands, to scale up bilateral development cooperation. The Bangladesh Embassy in the N...

Stocks keep gaining amid rising turnover

  FE Online Report 2020-12-10 16:30:41

Stocks extended the gaining streak for the second straight session on Thursday as bargain hunters continued their buying spree on sector-wise issues amid optimism. DSEX, the key index of the Dhaka St...

Stocks open higher amid rising confidence in investors

FE ONLINE REPORT 2020-12-10 11:10:04

Stocks on both the bourses witnessed an upward trend in the early trading on Thursday as bargain hunters were showing their buying binge on sector-wise issues amid positive expectation. Following the...

IPO of Sonali Life Insurance approved

FE REPORT 2020-12-10 11:09:39

The stock market regulator has approved the IPO (initial public offering) proposal of Sonali Life Insurance Ltd which will raise a capital worth Tk190 million under the fixed price method. The sec...

Bangladesh's 90pc extreme poor families earn less than 1.0 dollar a day

FE REPORT 2020-12-10 08:45:53

As much as 90 per cent extreme-poor families have a paltry monthly income of Tk 2,000 (US$23.80). The World Bank (WB) considers an individual living on or below $1.25 per day as extreme poor. Furthe...

Banks fail to disburse over 50pc of stimulus funds to small businesses

-- 2020-12-09 18:52:38

A full recovery of the economy from the coronavirus crisis is still uncertain as more than half the funds from stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) remain und...

Pandemic slows safety reforms in Bangladesh's ship-breaking industry

-- 2020-12-09 17:18:21

The coronavirus pandemic has slowed efforts to make safer the often hazardous job of dismantling old ships in Bangladesh, officials said, following the latest worker fatality. Covid-19 temporarily sh...

Janata Bank in US makes no headway in recovering stolen money

FE Online Desk 2020-12-09 17:11:48

A subsidiary of the state-owned Janata Bank in New York, which lost $603,947 equivalent to Tk 51 million sometime before February 2020, is yet to recover the money allegedly stolen by a hired officer....

Stocks rebound in gaining streak after single-day break

FE ONLINE REPORT 2020-12-09 16:24:46

Stocks rebounded in the gaining streak on Wednesday, after a single-day break, as bargain hunters showed their buying binge on sector-wise issues amid positive expectation. DSEX, the key index of the...

Stocks witness mixed trend on profit-booking

FE ONLINE REPORT 2020-12-09 11:14:00

Stocks witnessed mixed trends in early trading on Wednesday as cautious investors opted for booking some profit on sector-wise issues. Following the previous day’s mild correction, the Dhaka St...

Robi's IPO lottery draw Thursday

FE REPORT 2020-12-09 08:52:04

The initial public offering (IPO) lottery draw of Robi Axiata, the largest ever IPO in Bangladesh's capital market history, will be held tomorrow (Thursday). The lottery draw will begin at 10:30am...

CPD stresses domestic resource mobilisation in eighth FYP

-- 2020-12-08 21:00:15

The Centre for Policy Dialogue (CPD) has underscored the need for providing a special focus on strengthening domestic resource mobilisation in the Eighth Five-Year Plan (8th FYP) to address Covid-19 c...

Narayanganj-Munshiganj two-storey expressway gets ECNEC approval

-- 2020-12-08 17:43:52

The government will construct a two-storey expressway from Panchabati of Narayanganj to Muktarpur Bridge of Munshiganj with an expenditure of Tk 22.28 billion. The Executive Committee of the National...

Four export sectors to get $40m government grant to overcome infrastructural limits

FE Online Report 2020-12-08 16:49:40

The government will launch a new financial grant worth US$40 million on Wednesday to help four export-oriented sectors address the infrastructural constraints. The Public Investment Facility for Infr...

Stocks slip into red after five-day winning streak

FE Online Report 2020-12-08 16:32:11

Stocks slipped into the red on Tuesday, snapping a five-day winning streak, as risk-averse investors opted for booking profit on sector-wise issues. DSEX, the prime index of the Dhaka Stock Exchange...

ADB approves $50m to help microenterprises in Bangladesh

-- 2020-12-08 15:17:25

The Asian Development Bank (ADB) has approved a 50-million US dollar loan to help restore the economic activities of microenterprises in Bangladesh, which have been severely affected by the coronaviru...