Search results for: Bangladesh

Treasury yields plunge, dealers accept lower rates

FE REPORT 2020-12-20 11:29:17

The treasury yields have fallen sharply in recent months, lowered by adequate liquidity in the money market. The yield on the 91-day bill went down from 6.5 per cent (annualised) in June to 0.65 per...

Stocks witness mixed trend in early trading

FE ONLINE REPORT 2020-12-20 10:58:07

Stocks witnessed mixed trends in early trading on Sunday as cautious investors continued their profit booking tendency on sector-wise quick-gaining stocks. Following the previous two days’ down...

IPO market vibrant in yet a pandemic year

Jasim Uddin Haroon and Babul Barman 2020-12-20 08:55:08

Private companies have offloaded primary shares worth Tk 9.62 billion in the outgoing year, the highest amount in last six years, amid Covid-induced sluggish economic activities. With the latest on...

Blended finance can substitute foreign aid for Bangladesh development: Experts  

FE OUTREACH TEAM   2020-12-18 21:36:15

Bangladesh will soon need to go for innovative financing for its development projects apart from utilising existing financial resources earmarked for attaining globally aligned development goals. The...

3,26,758 migrant workers return home in eight months

FE ONLINE REPORT 2020-12-18 19:50:19

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad has said a total of 3,26,758 migrant workers returned home after losing their jobs from April 1 to November 30 this year. The m...

Taxpayers' money of Tk 261.8m earmarked for 56 autos for road widening projects!

FHM HUMAYAN KABIR 2020-12-18 10:24:40

The Roads and Highways Department (RHD) has proposed to purchase a pool of 56 vehicles at Tk 261.8 million for Dhaka-Sylhet-Tamabil road-widening projects. Among the vehicles, insiders said on Monday...

Fundraising thru rights issues plunges to five-year low

BABUL BARMAN 2020-12-18 10:07:50

Fundraising by the listed companies by way of rights issues fell sharply in the outgoing calendar year, hitting a five-year low. Only one listed firm -- Pragati Life Insurance -- netted about Tk 230....

Dhaka gridlock costs Tk 1.53b a day

KAMRUN NAHAR 2020-12-18 08:17:15

Traffic congestion in Dhaka has long been taking a heavy toll on five areas including working hour loss, additional fuel consumption, pavement damage, accident during peak hour, and environmental impa...

Govt to finalise plan for utilising forex reserves before budget

-- 2020-12-17 18:40:32

The government is likely to decide on borrowing funds for different projects from foreign exchange reserves before the next national budget. Finance Minister AHM Mustafa Kamal revealed the planned ti...

Stocks extend losses as GP shares tumble

FE ONLINE REPORT 2020-12-17 16:46:23

Stocks extended the losing streak for the two consecutive sessions on Thursday as risk-averse investors continued to book profit on quick-gaining stocks, particularly on Grameenphone. DSEX, the key i...

SEC blocks Best Holdings’ controversial bid

-- 2020-12-17 12:32:05

Best Holdings Limited, the owning company of Le Méridien Dhaka hotel, has attempted to debut on the stock market through a direct listing to raise capital, but people related to the market desc...

Bourses witness downward trend in early trading

FE ONLINE REPORT 2020-12-17 11:24:46

Stocks on both the bourses witnessed a downward trend in the early trading on Thursday thanks to the profit-booking tendency of some investors on sector-wise quick-gaining stocks. Following the previ...

ADB approves $0.5m in grant to improve Bangladesh’s business competitiveness

-- 2020-12-16 12:53:51

The Asian Development Bank (ADB) has approved $0.5 million in grant assistance for supporting knowledge works to promote business competitiveness and intraregional trade of Bangladesh. The assistance...

Banking stocks hit by extra provisioning news

FE REPORT 2020-12-16 12:02:56

Stocks witnessed a marginal correction on Tuesday, snapping a four-day winning streak, thanks to the profit booking by some investors on financial stocks. DSEX, the key index of the Dhaka Stock Excha...

Greenfield FDI inflow into Bangladesh falls drastically

Monira Munni 2020-12-16 08:54:12

Greenfield foreign direct investment (FDI) in Bangladesh declined by 84 per cent during the first half of 2020 over that of the corresponding period of 2019, primarily due to the Covid-19, according...

Jordan to hire over 12,000 RMG workers from Bangladesh

-- 2020-12-15 19:25:07

Jordan’s readymade garments (RMG) sector will recruit over 12,000 skilled workers from Bangladesh in one year. “This recruitment will be processed only through Bangladesh Overseas Employm...

Forex reserve crosses $42b for first time

FE ONLINE REPORT 2020-12-15 19:18:57

The country’s foreign exchange (forex) reserve crossed $42 billion mark for the first time ever on Tuesday following lower import payment obligations and higher growth of inward remittance, offi...

Stocks break four-day rally on profit booking

FE ONLINE REPORT 2020-12-15 16:19:50

Stocks witnessed a marginal correction on Tuesday, snapping a four-day winning streak, thanks to the profit booking tendency of some investors on quick-gaining stocks. DSEX, the key index of the Dhak...

Bourses open higher amid rising confidence in investors

FE ONLINE REPORT 2020-12-15 11:17:26

Stocks on both the bourses witnessed an upward trend in the early trading on Tuesday as optimistic investors kept showing their buying binge on sector-wise issues amid positive expectation. Following...

AIT on common wheat import waived

FE REPORT 2020-12-15 10:04:27

The National Board of Revenue (NBR) has waived advance income tax (AIT) on import of common wheat. The NBR's Income Tax Wing published a gazette notification on December 9, waiving the tax on common...

38 NRBs to get CIP status

FE ONLINE REPORT 2020-12-14 16:58:47

The government has selected 38 non-resident Bangladeshis (NRBs) to award commercially important person (CIP) status for their significant role in the country’s economy. The Ministry of Expatria...

Stocks stay afloat as large-cap stocks keep gaining

FE ONLINE REPORT 2020-12-14 16:52:05

Stocks extended the winning streak for the fourth straight session on Monday as investors put a fresh stake on stocks amid growing confidence in the market. DSEX, the key index of the Dhaka Stock Exc...

Bourses open higher amid rising turnover

FE ONLINE REPORT 2020-12-14 11:02:30

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

Stimulus, remittances cause liquidity glut on the banks

Siddique Islam 2020-12-14 08:58:37

The advance-deposit ratio (ADR) of the country's banking sector dropped in September 2020 as stimulus money and remittances swelled deposits as against slower credit growth, bankers say. The ADR - a...

DSEX exceeds 5,100-mark riding on large-cap stocks

FE Online Report 2020-12-13 16:09:32

Stocks extended the winning streak with the core index of the Dhaka Stock Exchange (DSE) hitting 16 months high on Sunday riding on regulatory moves and gradual improvement of economic activities. DS...

Confident investors push stocks higher at early trading

FE ONLINE REPORT 2020-12-13 11:17:24

Stocks witnessed an upward trend in early trading on Sunday as bargain hunters showed their buying binge on sector-wise issues amid positive expectation. Following the previous week's upward trend,...

Out-of-pocket healthcare expense pushes 5.0m into poverty a year

FE REPORT 2020-12-13 10:38:08

Catastrophic health expenditure due to rise in non-communicable diseases (NCDs) has been pushing over five million people to below poverty line every year, creating impediment to achieving health-rela...

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...