Search results for: Bangla

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...

Prime Bank recommends 13.50pc cash dividend

FE Online Report 2020-05-15 20:43:43

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...

Stock market to remain shut until May 30

FE Report 2020-05-15 09:28:30

The country's two bourses will remain closed until May 30 as the government further extended the ongoing holidays to flatten the spread of deadly coronavirus in the country. This is the seventh time...

Dhaka, Ottawa discuss ways to absorb pandemic shock on economy

FE Report 2020-05-15 09:18:22

Canada has proposed forming an international alliance to address the challenge of the coronavirus pandemic. It has also urged Bangladesh to join the proposed alliance to soften the coronavirus impact...

China Harbour provides foodstuffs for 2000 families in Madaripur  

FE Online Desk 2020-05-14 22:02:18

In the context of ongoing economic hardship caused by COVID-19 pandemic China Harbour Engineering Company Ltd. (CHEC), an international company of China has donated foodstuffs for two thousand distr...

Bangladesh’s stimulus package tops Tk 1.0 trillion

-- 2020-05-14 14:06:43

The government has announced an additional Tk 20 billion stimulus package to assist migrant workers, unemployed youth and rural population during the economic crisis caused by the coronavirus pandemic...

Prof M Khairul ends his 9-yr tenure as BSEC chief today

Mohammad Mufazzal 2020-05-14 10:06:47

The ever longest period of a chairman of the Bangladesh Securities and Exchange Commission (BSEC) ends today (Thursday) on completion of his era of nine years. Professor M Khairul Hossain is the only...

Singer approves 77pc cash dividend

FE DESK REPORT 2020-05-14 09:40:56

The 40th annual general meeting (AGM) of Singer Bangladesh Ltd was held online on Wednesday. Dr. Fatih Kemal Ebiçlioglu, Chairman, Singer Bangladesh Limited, presided over the meeting. The 4...

SCB's scheme for health workers: Reinsurers loath to take risk

SYFUL ISLAM and REZAUL KARIM 2020-05-14 09:25:29

With the number of both infections and fatalities on the rise, none of global reinsurers has agreed to partner with Sadharan Bima Corporation (SBC) to launch an insurance scheme for physicians and oth...