Search results for: Bangladesh

Revival of ailing capital mkt: Merchant bankers for fast creation of special funds

SIDDIQUE ISLAM 2020-03-16 09:49:29

Top merchant bankers have urged the central bank to take effective measures to implement its policy regarding the creation of special funds for revival of the ailing capital market. At a meeting with...

DSEX sinks below 4,000-mark after five years

FE Online Report 2020-03-15 17:29:09

With fears of coronavirus dominating market sentiment, stocks tumbled further on Sunday amid incessant selling by investors to escape further losses. Within 15 minutes, DSEX slumped more than 200 poi...

BMBA holds 15th AGM

FE Online Desk 2020-03-15 13:00:32

The 15th Annual General Meeting (AGM) of Bangladesh Merchant Bankers Association (BMBA) was held on Saturday at The Westin Dhaka, Gulshan in the city. The meeting was presided over by Md. Sayad...

DSEX dips below 4,000-mark at open

FE Online Report 2020-03-15 11:04:51

Stocks tumbled at opening on Sunday amid growing tension over the impacts of coronavirus outbreak as more two cases of COVID-19 confirmed in Bangladesh. Within 15 minutes of trading, DSEX, the key in...

Company profile: Steady earnings growth of DBH

Babul Barman 2020-03-15 10:45:18

Delta Brac Housing Finance Corporation (DBH) has reported profit after tax of Tk 1,077 million in 2019, rising 2.78 per cent over the previous year. With Tk 44.30 billion housing loan portfolio, DBH...

Budget deficit swells in five months

JASIM UDDIN HAROON 2020-03-15 10:21:02

The country's budget deficit reached Tk 359 billion in the first five months to November, a 37 per cent jump over the same period last fiscal, the ministry of finance data show. During the period, to...

NBR to enroll 0.15m new VAT payers in Mujib Year

-- 2020-03-14 20:00:58

National Board of Revenue (NBR) has set a target to register 0.15 million new VAT payers to raise the tally to 0.3 million in Mujib Year, reports BSS. To this end, NBR already directed its 12 VAT Com...

Agreement on SASEC Dhaka-Northwest Corridor Road Sunday

FE Online Desk 2020-03-14 13:15:32

An agreement signing ceremony for the Second SASEC Dhaka-Northwest Corridor Road Project (Tranche 2) will be held on Sunday in Dhaka.  Ms. Fatima Yasmin, Secretary, Economic Relations Division (...

Weekly Review: Coronavirus scare wreaks havoc on stocks

Babul Barman 2020-03-14 11:52:55

Stocks kept tumbling for three straight weeks amid growing tension over the impacts of coronavirus outbreak across the world. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE),...

Square Pharma generates highest weekly turnover

FE Report 2020-03-14 11:49:44

Square Pharmaceuticals dominated the Dhaka bourse's transaction chart in the outgoing week while ten most-traded stocks accounted for one-fifth transactions. Market analysts said investors showed the...

Pharma sector dominates DSE turnover chart

FE Report 2020-03-13 11:37:46

The pharmaceuticals & chemicals sector dominated the top 10 turnover chart of the Dhaka Stock Exchange (DSE) on Thursday. Of the 10 top turnover leaders, six were from the pharmaceuticals & c...

BB upbeat on robust growth

FE REPORT 2020-03-13 10:24:15

Bangladesh Bank expects the economic growth to be buoyant during the current fiscal year, which will be in line with the budget target of 8.20 per cent. While the central bank is hopeful about keepin...

Yet one more player in non-bank FI sector

SIDDIQUE ISLAM 2020-03-13 10:08:49

Bangladesh Bank gave its final approval to one more non-banking financial institution on Thursday in a decision that raised eyebrows among analysts. The central bank asked Strategic Finance and Inves...

Access to finance, graft remain key barriers: IFC

FE REPORT 2020-03-12 10:23:38

Access to finance, corruption and political instability are three major barriers the private sector faces in Bangladesh, according to a study. The private sector arm of the World Bank on Wednesday pu...

Import orders drop by 12pc in January

Siddique Islam 2020-03-12 10:14:01

Bangladesh's import orders dropped by more than 12 per cent or nearly US$663 million in January last due to supply chain disruption caused by the coronavirus outbreak in China. Opening of letters of...

Postal savings interest returns to previous rates by March 17

FE ONLINE REPORT 2020-03-11 21:32:52

The interest of post office savings schemes will return to its previous rates by March 17. Finance Minister AHM Mustafa Kamal gave the information after inaugurating automation of postal savings sche...

Economy shows mix trend: ICCB

FE Online Report 2020-03-11 14:52:35

The performance of Bangladesh economy in 2019 with reference to global, macro and micro levels presents a mixed picture. Globally, the country did not suffer any major setback during the year, but som...

CGIA, BICM ink MoU

FE Online Desk 2020-03-11 14:47:58

US-based CGIA Institute, a globally recognized body of finance and investment professionals which provides the Chartered Global Investment Analysts (CGIA) designation on Monday signed a Memorandum of...

DSE-IFC team up for gender equality for 5th consecutive yr

FE Online Desk 2020-03-11 13:41:40

For the fifth consecutive year, IFC, a member of the World Bank Group, has partnered with the Dhaka Stock Exchange (DSE) as part of the global Ring the Bell for Gender Equality initiative to celebrate...

Postal savings schemes: Automation launch today to create savers’ database

FE REPORT 2020-03-11 10:32:38

Finance Minister AHM Mustafa Kamal will inaugurate an automation programme today (Wednesday) meant for creating a database of savers who will open savings accounts with directorate of posts. Two key...

Capital mkt investment: BB prods banks on special funds

SIDDIQUE ISLAM 2020-03-11 10:02:14

The central bank has advised more than a dozen of scheduled banks to expedite the ongoing process of creating their special funds for investment in the capital market. In the latest move, Bangladesh...

ADP implementation 37.09pc in eight months

-- 2020-03-10 17:29:03

The implementation rate of the Annual Development Programme (ADP) during July-February period of the current fiscal year (FY20) was 37.09 per cent with an expenditure of Tk 797.85.86 billion. Plannin...

ECNEC approves country’s first deep-sea port project

-- 2020-03-10 17:13:08

The Executive Committee of the National Economic Council (ECNEC) has approved the country’s first deep-sea port project to be built in Matarbari of Cox’s Bazar by 2026. The approval was g...

Confce on ‘VNR 2020 of Bangladesh: Positioning Non-State Actors’ on March 11

FE Online Desk 2020-03-10 13:44:02

Citizen’s Platform for SDGs, Bangladesh in association with 11 of its partner organisations is organising a day-long conference titled ‘VNR 2020 of Bangladesh: Positioning Non-State Actors...

Mkt looks much cheaper in terms of P/E ratio: CSE

FE Online Desk 2020-03-10 12:55:08

Chittagong Stock Exchange (CSE) has urged the banks to start their process to invest in the stock market as soon as possible. "Bangladesh Bank recently released a directive regarding capital market i...

SEC exec points fingers at unholy nexus

FE Report 2020-03-10 11:06:28

A top regulatory official on Monday said an "unholy game" is going on in the capital market involving issuers, issue managers, audit firms, and the company management to cheat the public and state. P...

Only two issues rise

FE Report 2020-03-10 11:03:46

The share prices of only two companies- Mutual Trust Bank (MTB) and Bangladesh Industrial Finance Company (BIFC)- rose on Monday on Dhaka Stock Exchange (DSE). Amid panic-driven sales exerted through...

BB buys US dollar from banks to keep forex market stable

SIDDIQUE ISLAM 2020-03-10 10:06:48

The central bank has resumed purchasing the US dollar from the commercial banks after around three years to help the country's foreign exchange (forex) market remain stable. As part of the move, the...

Nil return submission up

Doulot Akter Mala 2020-03-10 10:02:24

The number of zero return submission by both corporate and individual taxpayers has reached over 400,000 so far of the current fiscal year, in a sign taxpayers conceal the actual income. The submissi...

DSE sees massive fall on panic sale

FE Online Report 2020-03-09 12:47:17

Dhaka bourse witnessed a massive plunge on Monday amid investors’ panic driven sales observed from the beginning of the session. The DSE broad index--DSEX-- lost 4.29 per cent or 184 points to...