Search results for: Bangladesh

Kamal happy with GDP growth, per capita income attained in FY20

-- 2020-08-11 21:57:09

Finance Minister AHM Mustafa Kamal has expressed his satisfaction at the 5.24 per cent GDP growth rate and $2,064 per capita income attained by the country in the last fiscal year (FY20). Kamal expre...

'Connectivity initiatives by Bangladesh, India to reduce cost of trade'

FE ONLINE REPORT 2020-08-11 19:54:22

Indian High Commissioner in Dhaka, Riva Ganguly Das on Tuesday, said the excellent state of India- Bangladesh bilateral relations and the recent connectivity initiatives taken by both the countries in...

GDP growth rate reaches 5.24pc in FY20: BBS

-- 2020-08-11 17:49:12

The GDP growth rate of Bangladesh has reached 5.24 per cent in the last fiscal year (FY20) despite the impact of coronavirus pandemic while the per capita income increased to $2,064, according to the...

BD economy grew 5.24pc in FY20 amid pandemic

-- 2020-08-11 13:39:15

Bangladesh has reported 5.24 per cent GDP growth in FY 2019-20 with the coronavirus pandemic ravaging the economy for at least a third of the financial year. The size of the GDP stood past Tk 27.96 t...

Premier Bank AGM approves 5.0pc cash, 5.0pc stock dividend

FE DESK REPORT 2020-08-11 09:56:47

The Premier Bank Limited held its 21st Annual General Meeting on digital platform on Monday. Chairman of the Bank Dr. H. B. M. Iqbal, Vice Chairman Moin Iqbal, Advisor Muhammed Ali and Managing Direct...

IPO subscription of Associated Oxygen opens Sept 10

FE REPORT 2020-08-11 09:48:55

The initial public offering (IPO) subscription of Associated Oxygen Ltd is set to open on September 10, aiming to raise Tk 150 million from the capital market. The IPO subscription for shares of the...

Move to devise ways of stemming ADP leakage

FHM HUMAYAN KABIR 2020-08-11 09:30:47

The government is going to tighten its belt by reining in inflated costs and irregularities in development projects, officials said on Monday. The planning minister MA Mannan will sit with all secret...

Corona brings chance for digitalisation  

FE REPORT 2020-08-11 09:26:46

Speakers at a dialogue on Monday said Covid-19 crisis puts unprecedented strains on markets, governments, businesses and individuals, but simultaneously it has brought opportunities for digitalisation...

BSEC hell-bent on holding minimum 2.0pc shares by directors of listed cos

Mohammad Mufazzal 2020-08-11 09:26:13

Directors of listed companies having not minimum 2.0 per cent shares must lose their directorship if they fail to hold the said amount of shares as per the latest directive. The chairman of the secur...

Interest rate spread drops slightly to 2.89pc in June

Siddique Islam 2020-08-11 09:23:52

Interest rate spread in the country's banking system fell slightly in June, as banks slashed interest rates on lending more than on deposit. The weighted average spread between lending and deposit...

90pc branches of banks fully online now

FE Online Report 2020-08-10 17:17:40

At least 90 per cent branches of the country’s commercial banks are now fully online, according to the latest statistics of the central bank. It showed that the total number of branches of 59 s...

Stocks break 11-day winning streak

FE ONLINE REPORT 2020-08-10 15:42:17

Stocks slipped back into the red on Monday, snapping 11-day winning streak, as risk-averse investors opted for quick-profit on selective issues. The market opened on an upward trend and the key index...

Nine more closed-end MFs declare dividend

FE ONLINE REPORT 2020-08-10 13:54:15

The Trustee Committees of nine more closed-end mutual funds have approved dividends for the year ended on June 30, 2020, according to separate disclosures on Monday. The mutual funds are: I...

Bourses open positive amid rising turnover

FE ONLINE REPORT 2020-08-10 12:56:54

Stocks witnessed positive trend in early trading on Monday as optimistic investors continued their buying spree on sector-wise issues encouraged by the securities regulator’s market supportive m...

Call for bigger budget for health sector

FE REPORT 2020-08-10 09:54:18

Experts on Sunday sought increased budget allocation for health sector, strict implementation of hygiene guidelines and adaptation with the changed lifestyle in the wake of virus pandemic. They highl...

New forex law: Investors may get timely services

FE REPORT 2020-08-10 09:34:19

The government is mulling over incorporating time-bound services into the proposed foreign exchange law to attract potential overseas investors, said officials at the financial institutions division....

63.0pc of private foreign debt short-term

FE Online Report 2020-08-09 21:13:21

Around 63.0 per cent of the foreign borrowing of the country’s private sector is short-term in nature, according to the statistics released by the central bank. It showed that the outstanding p...

BB asks banks to open deposit accounts for NRBs

FE ONLINE REPORT 2020-08-09 16:31:43

The central bank has asked scheduled banks to introduce deposit accounts for non-resident Bangladeshis (NRBs) to encourage these people, who are working aboard, in saving their hard-earned money in Ba...

DSEX exceeds 4,500-mark on buying spree

FE ONLINE REPORT 2020-08-09 16:15:20

The prime index of the Dhaka Stock Exchange (DSE) crossed the 4,500-mark on Sunday, after more than five months amid soaring turnover, as enthusiastic investors put fresh stakes on stocks. DSEX, the...

Two more life insurers declare dividend

FE Online Report 2020-08-09 12:19:05

The boards of directors of two more life insurers have recommended cash dividend for the year ended on December 31, 2019. The companies are National Life Insurance Company and Sandhani Life Insurance...

Stocks open on flying note

FE ONLINE REPORT 2020-08-09 11:32:24

Stocks witnessed a sharp rise in the early trading on Sunday as optimistic investors were showing their buying spree on large-cap issues encouraged by the securities regulator’s tough action on...

BD seeks $2.5b as budget support, project aid from WB for FY'21

FHM HUMAYAN KABIR 2020-08-09 10:11:46

Bangladesh has sought a fund of US$ 2.5 billion from the World Bank (WB) to finance 15 different projects and programmes in the current fiscal year (FY 2020-21), officials said on Saturday. "We hav...

'Banks fully capable of executing stimulus packages'

SIDDIQUE ISLAM 2020-08-09 09:47:50

The banking sector is fully capable of implementing the government-declared financial stimulus packages despite its own pre-Covid-19 challenges, a top leader of the banking community has said. "Ban...

BSEC cracks down on faking financials

MOHAMMAD MUFAZZAL 2020-08-09 09:18:27

The securities regulator has stepped up its effort to combat the practice of submitting IPO (initial public offering) proposals with doctored financial statements. As part of the campaign, the Bangla...

Govt relooks at labour market to tap potentials with skilled workers

-- 2020-08-08 20:46:58

The government considers enhancing the skills of the country’s capable population and their productivity to fulfill the demand of the labour markets, both at home and abroad, aiming to face the...

City Bank’s business grows amid Covid-19

FE Online Desk 2020-08-08 19:38:01

City Bank Ltd, one of the first generation PCBs faced challenges to grow its business during first half of year due to capping on lending rate amid the havoc like Covid-19. However, having strong gro...

Covid erodes country’s business confidence severely

FE Online Report 2020-08-08 19:20:31

The overall status of business in the country in the last quarter (April-June, 2020) of the fiscal year 2019-2020 (FY20) was extremely poor due to negative impact of deadly coronavirus. While all the...

Weekly review: Stocks continue gaining amid growing optimism

BABUL BARMAN 2020-08-08 10:47:50

Stocks extended the winning streak for the seventh consecutive week that ended on Thursday as enthusiastic investors showed their buying spree on sector-wise issues throughout the week riding on new h...

BD gets $1.0b China loan to improve power grid

MIR MOSTAFIZUR RAHAMAN 2020-08-08 09:38:31

Bangladesh has got confirmation of another US$970 million loan from China to be used for strengthening its electricity grid. This loan will be provided to the state-run Power grid Company of Banglade...

Govt to form special fund for Delta Plan 2100

-- 2020-08-07 17:17:30

The government is going to form a special fund, 'Bangladesh Delta Fund', for implementing its long-term integrated master plan, ‘Delta Plan 2100’, to harness the huge potentials of Banglad...