Search results for: Bangladesh

All borrowers can now enjoy loan moratorium, central bank clarifies

FE REPORT 2020-12-31 09:24:42

Borrowers who rescheduled their defaulted loans under the Bangladesh Bank's (BB) relaxed policy in 2019 are now allowed to enjoy loan moratorium facilities like other clients, officials said. Besides...

Vaccine rekindles hopes of Bangladesh economic recovery

JASIM UDDIN HAROON 2020-12-31 08:10:16

Like most countries in the world, Bangladesh bids farewell to 2020 today (Thursday), a pandemic-devastated year that upended people's normal lifestyle while bringing the country's economic wheel to...

Forex reserve crosses $43b-mark

FE ONLINE REPORT 2020-12-30 18:59:54

Bangladesh’s foreign exchange (forex) reserve crossed US$43 billion-mark for the first time in the history of the country on Wednesday following lower import payment obligations and higher growt...

Bangladesh’s economy to perform better next year, finance minister says

-- 2020-12-30 18:40:21

Finance Minister AHM Mustafa Kamal on Wednesday said Bangladesh’s economy will perform better in the next year as all indicators of the country’s economy are in good position despite COVID...

Stocks end 2020 on a positive note

FE ONLINE REPORT 2020-12-30 16:08:29

Stocks extended the winning streak for the sixth straight days on Wednesday, with key index crossing the 5,400-mark after 18 months, the last trading day of the year 2020. DSEX, prime index of Dhaka...

BSEC allows brokerage houses to open new branch office

FE ONLINE REPORT 2020-12-30 15:19:29

The stock market regulator has allowed brokerage houses to open new branch offices across the country after nine years following the long-standing demand of the stockbrokers. The Bangladesh Securitie...

DSE AGM approves 3.0pc cash dividend

FE ONLINE REPORT 2020-12-30 12:33:59

The Dhaka Stock Exchange (DSE) has approved a 3.0 per cent cash dividend for its shareholders for the year ended June 30, 2020. The approval came at the bourse’s 59th annual general meeting (AG...

Stocks open higher on last trading day of 2020

FE ONLINE REPORT 2020-12-30 11:55:05

Stocks witnessed an upward trend in the early hours of trading of the last trading session of the year 2020 on Wednesday as investors remained active on major sectors issues amid year-end dividend exp...

Regulator issues exit plan for issuers of delisted securities

FE REPORT 2020-12-30 11:08:08

The stock market regulator on Tuesday issued a directive on exit plan for issuers of the delisted securities in the interest of the investors and the capital market. The Bangladesh Securities and Exc...

Foreign trade scenario dismal though deficit narrows down by $2.1b in July-Nov

SIDDIQUE ISLAM 2020-12-30 08:39:58

The country's trade deficit narrowed down by 30.77 per cent or US$ 2.10 billion in the first five months of this fiscal year (FY) amid dismal foreign trade situation due to the Covid-19 pandemic, of...

Corona-induced funding cushions public finance, contingency expenditure still cut by 50pc

FE REPORT 2020-12-30 08:36:27

The public finance went through a difficult phase between the months of April and September this year because of the Covid-19 consequences. Government's revenue earnings suffered, but its expenditu...

Bangladesh may see decline in remittance inflow in 2021: RMMRU 

FE Online Report 2020-12-29 18:46:21

The country’s remittance earnings may fall next year as the outflow of workers abroad declined drastically in the current year, projected a RMMRU report. Only 183,682 workers went abroad with j...

NEC approves 8th FYP with a target of 8.51pc growth by FY'25

FE ONLINE REPORT 2020-12-29 18:24:32

The government has endorsed the 8th five-year plan (FYP) with a target to boost the country’s economic growth to 8.51 per cent by its terminal fiscal year 2024-25 recovering from the Covid-19 im...

Stocks extend winning streak amid rising turnover

FE Online Report 2020-12-29 16:34:25

Stocks extended the winning streak for the fifth straight day on Tuesday as investors remained active on major sectors issues. DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 14.24...

Stocks open higher as large-cap stocks surge

FE ONLINE REPORT 2020-12-29 11:04:01

Stocks witnessed upward trend in early trading on Tuesday as investors remained active on major sector issues amid year-end dividend expectations. Meanwhile, Robi’s share continued to rise fo...

Jamuna Oil, Eastern Lubricants declare dividend

FE ONLINE REPORT 2020-12-29 10:43:00

The boards of directors of state-run two more listed companies – Jamuna Oil Company and Eastern Lubricants – have recommended cash dividends for the year ended on June 30, 2020, according...

Sukuk auction sparks huge interest

FE REPORT 2020-12-28 22:45:00

The Tk. 40 billion sukuk was over-subscribed by nearly four times to Tk. 151.53 billion in its first auction held on Monday at the central bank. For the first time, the government is mobilising funds...

Stocks post marginal gain for fourth day

FE Online Report 2020-12-28 16:39:35

Stocks posted a marginal gain on Monday, extending the winning streak for the fourth straight sessions, as investors remained active on major sectors stocks. DSEX, the prime index of Dhaka Stock Exch...

Stocks open lower on profit-taking

FE ONLINE REPORT 2020-12-28 11:12:31

Stocks witnessed a downward trend in early trading on Monday as risk-averse investors opted for booking profit on quick-gaining stocks. Meanwhile, Robi’s share continued to rise for the third t...

IPO subscription of Lub-rref to begin Jan 26

FE ONLINE REPORT 2020-12-28 10:40:25

The IPO subscription of Lub-rref (Bangladesh) – a local lubricant manufacturer – will open January 26, aiming to raise Tk 1.50 billion under the book-building method. The subscription of...

Bangladesh economy to become 28th largest in 2030

JASIM UDDIN HAROON 2020-12-28 09:34:02

Bangladesh’s economy will be 28th largest in 2030 and 25th largest in 2035 , the UK's Centre for Economics and Business Research (CEBR) has made the projection in a recent report. Austria now e...

1st auction of Bangladesh's Sukuk today

FE REPORT 2020-12-28 08:48:56

The first auction for Sukuk, the Islamic Shariah-compliant bond named Bangladesh Government Islamic Investment Sukuk will be held today (Monday) creating history in the country's financial market. On...

DSEX exceeds 5,300-mark after 18 months

-- 2020-12-27 16:31:45

The core index of the Dhaka Stock Exchange (DSE) crossed the 5,300-mark on Sunday after 18 months as investors continued to put fresh stakes on large-cap stocks amid high hopes. DSEX, the prime index...

Energypac Power to hold IPO lottery draw Jan 3

FE Online Report 2020-12-27 12:35:57

Energypac Power Generation is set to hold its IPO (initial public offering) lottery draw on January 3, aiming to allocate a total about 40.30 million ordinary shares among the successful applicants....

Stocks up at opening amid growing confidence

FE ONLINE REPORT 2020-12-27 11:45:35

Stocks witnessed sharp gains in early trading on Sunday as investors put fresh stakes on stocks riding on high expectations. Meanwhile, Robi’s share continued to rise for the second trading day...

Padma Oil declares 125pc cash dividend

FE Online Report 2020-12-27 10:43:05

The board of directors of state-run Padma Oil Company Ltd has recommended a 125 per cent cash dividend for the year ended on June 30, 2020. The final approval of the dividend will come during the ann...

190,480 beneficiary owner accounts added in two months

BABUL BARMAN 2020-12-27 10:03:06

The number of new beneficiary owner (BO) accounts continued to rise as the stock market is showing a signs of stability after the latest market debacle in 2010-2011. Market operators attributed the...

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...