Search results for: Bangladesh

Riding out virus storm: Dhaka turns to multilateral lenders

FE REPORT 2020-03-26 09:39:13

Finance minister AHM Mustafa Kamal on Wednesday urged four major multilateral donors to extend budgetary support to help the country's economy tide over the pandemic impact. He also asked for emergen...

Pandemic slows private sector credit growth further in Feb

Siddique Islam 2020-03-26 09:25:18

Private sector credit growth declined further in the month of February last in view of lower demand for the same. Bankers have attributed the slackening of demand for credit by the private sector mai...

DSEX crosses 4,000-mark after seven-day

FE Online report 2020-03-25 16:01:06

Stock posted a modest gain on Wednesday, the last session before 10-day government holiday, as the securities regulator imposed circuit breaker to boost the ailing market. DSEX, the key index of the...

Standard Bank plans into full-fledged Islamic bank

FE Online Report 2020-03-25 12:35:57

The board of Standard Bank has decided to amend relevant clauses for conversion into full-fledged Islamic banking subject to approval from shareholders and relevant authorities. The board of direct...

Stocks post slight gain amid virus fear

FE Online Report 2020-03-25 12:33:15

Stocks posted a slight gain in early trading on Wednesday as investors mostly followed cautious stance amid growing tension over the impacts of coronavirus outbreak. The presences of investors on t...

Cos asked to hold board meetings online

FE Report 2020-03-25 11:28:30

The securities regulator has asked the listed companies to hold AGM/EGMs and board meetings and disseminate price sensitive information using digital platforms to avoid large gathering in view of ragi...

Loan classification policy to remain unchanged until June 30

-- 2020-03-24 20:52:16

The Bangladesh Bank has asked the scheduled banks to keep unchanged the classification status of loan, lease or advance until June 30 to facilitate business activities amid the coronavirus outbreak....

Bourses to remain closed for 10 days from Mar 26

FE Online Report 2020-03-24 16:42:54

The trading and official activities on the bourses will remain closed from March 26 to April 4 in line with the government holiday, officials said. The government on Monday announced closure of all p...

Stocks fall as virus fears mount

FE Online report 2020-03-24 15:36:06

Stock slipped back in the red Tuesday, after a single-day break, as investors turned jittery amid mounting fears over coronavirus outbreak. DSEX, the key index of the Dhaka Stock Exchange, went dow...

Square Pharma inks deal with two pharma cos

FE Online Report 2020-03-24 11:55:28

Square Pharmaceuticals has signed agreements with two pharmaceuticals companies for manufacturing some products on behalf of the company to meet the growing demand. “The board of Square Pharm...

Stocks fall in early trading on virus fears

FE Online Report 2020-03-24 11:50:45

Stocks witnessed downturn in early trading on Tuesday amid growing tension over the impacts of coronavirus outbreak. The presences of investors on the trading floor very thin due to mounting fears ov...

Pharma stocks shine amid rising Covid-19 cases

Babul Barman 2020-03-24 11:01:06

Prices of some disinfectants and chemical stocks are soaring as investors are anticipating brisk business amid rising coronavirus cases in Bangladesh. Shares of Central Pharma, ACI Formulations and A...

BB relaxes rules to aid industrial import

FE Report 2020-03-24 10:44:57

The central bank has relaxed its regulations, allowing the banks to extend usance period in import of industrial raw materials by their clients up to maximum one year instead of the existing six month...

FICCI reiterates call to slash corporate tax

FE REPORT 2020-03-24 10:38:36

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has proposed bringing changes to the fiscal measures on a 'prospective' basis and reducing corporate taxes by 5.0 to 10 per cent for...

Virus vexes nearly $2.0b apparel export orders

FE REPORT 2020-03-24 09:25:17

Amid the outbreak of COVID-19, the BGMEA has requested the German government to encourage buyers in Germany to receive the apparel items already produced in Bangladesh and allow the suppliers to conti...

Autonomous bodies return Tk 55b to public exchequer

FE REPORT 2020-03-24 09:18:20

Autonomous and semi-autonomous bodies have started returning surplus funds to the public exchequer in line with the government's order, officials say. After the passage of a law in parliament, the go...

BB reduces repo rate to 5.75pc

-- 2020-03-23 21:15:01

Bangladesh Bank has decided to cut repo rate to 5.75 per cent from 6 per cent as part of efforts to boost liquidity amid a coronavirus pandemic. According to bdnews24.com, the central bank announced...

FBCCI lauds Bangladesh Bank’s liquidity measures

-- 2020-03-23 20:55:06

FBCCI President Sheikh Fazle Fahim on Monday described the central bank’s decision to buy Treasury bills and bonds from banks and non-bank financial institutions (NBFIs) as a landmark step to ha...

COVID-19 threatens Bangladesh economy: ICCB 

FE ONLINE REPORT 2020-03-23 15:46:00

The World Health Organization (WHO) officially declared the coronavirus (COVID-19) outbreak a global pandemic on March 11 this year, which has now spread to 170 countries and territories and infected...

Stocks post modest gains after single-day break

FE Online Report 2020-03-23 15:15:50

Stocks posted a modest gain on Monday, snapping a single-day losing streak, as the securities regulator imposed circuit breaker to boost the ailing market. DSEX, the key index of the Dhaka Stock Exch...

COVID-19: BB allows $0.5m advance payment to import medical goods

-- 2020-03-23 15:13:43

Bangladesh Bank (BB) has taken a decision to allow advance payment up to US$ 500,000 or equivalent other foreign currency in importing coronavirus-related lifesaving drugs, medical kits or equipment a...

Stocks make modest gains at opening

FE ONLINE REPORT 2020-03-23 11:59:05

Stocks posted a marginal gain in early trading on Monday as some banks have started to invest in the share market. However, growing tension over the impacts of coronavirus outbreak remained in the in...

Two more banks declare dividend

FE Online Report 2020-03-23 11:28:42

Two more banks - Mercantile Bank and Bank Asia have recommended dividend for the year ended on December 31, 2019, according to separate official disclosure on Monday. Mercantile Bank: The board of di...

Budget deficit could swell beyond original estimate

JASIM UDDIN HAROON 2020-03-23 09:44:01

Budget deficit that stood at Tk402 billion in the first six months to December would widen further in the aftermath of pandemic, economists fear. They say revenue mobilisation will fall significantly...

Virus fallout: Economy braces for soft landing, says BB

FE REPORT 2020-03-23 09:24:03

The disruption in global supply chain caused by the pandemic will dampen the country's economic growth prospect by the end of this fiscal year, predicts the central bank. "Looking ahead, domestic eco...

Dhaka stocks slide despite circuit breaker

FE Online Report 2020-03-22 15:16:17

Dhaka stock ended lower on Sunday, a day after the securities regulator imposed circuit breaker to boost the ailing capital market. DSEX, the key index of the Dhaka Stock Exchange, went down by 14.79...

Dhaka bourse down, Chittagong bourse up in early trading

FE ONLINE REPORT 2020-03-22 12:27:08

Dhaka stocks witnessed a downward trend in early trading on Sunday despite the securities regulator having imposed a new circuit breaker to boost the ailing capital market. Trading will be held betwe...

Two insurers declare dividend

FE Online Report 2020-03-22 11:59:35

The boards of directors of two insurers - United Insurance and Bangladesh General Insurance Company have recommended 11 per cent cash dividend each for the year ended on December 31, 2019. United Ins...

Initiative to foster growth of Bangladesh’s impact ecosystem launched

FE Online Desk 2020-03-21 12:47:55

An initiative to increase impact investment in the country’s social business as well as environmental sectors has been launched. Three organizations jointly launched the programme titled &lsquo...

Square Pharma tops weekly turnover

FE Online Report 2020-03-21 12:40:14

Square Pharmaceuticals dominated the Dhaka Stock Exchange’s transaction chart in the outgoing week while ten most-traded stocks accounted for 22 per cent transactions. Market analysts said inve...