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Search results for: Bangladesh

Govt may revise decision on post office savings interest rate

Govt may revise decision on post office savings interest rate

-- 2020-02-19 19:36:35

The government would revise the recent decision of interest rate cut on post office savings schemes considering the concern of the marginalised and low-income people. Finance Minister AHM Mustafa Kam...

Bourses witness downtrend at open

Bourses witness downtrend at open

FE Online Report 2020-02-19 11:50:54

Stocks witnessed a downward trend in the early hours of trading on Wednesday as risk-averse investors opted for booking quick-profit on selective shares. Following the previous day’s modest c...

Reliance Insurance declares 25pc dividend

Reliance Insurance declares 25pc dividend

FE Online Report 2020-02-19 11:17:54

The board of directors of Reliance Insurance has recommended 25 per cent cash dividend for the year ended on December 31, 2019. The final approval will come during the annual general meeting schedule...

Banks' provision shortfall shrinks by 18pc in Q4

Banks' provision shortfall shrinks by 18pc in Q4

FE Report 2020-02-19 10:16:49

The shortfall in provisions against loans, mostly classified ones, in the banking system has narrowed by over 18 per cent in the fourth quarter of 2019 on the back of lower growth in default loans. T...

Power sector received Tk 522.6b as subsidy in 10 years

Power sector received Tk 522.6b as subsidy in 10 years

UNB 2020-02-18 20:19:34

State Minister for Power, Energy and Mineral Resources Nasrul Hamid informed the parliament on Tuesday that the government provided Tk 522.60 billion as subsidy to power sector in the last 10 years....

Stocks break five-day winning streak

Stocks break five-day winning streak

FE Online Report 2020-02-18 16:14:50

Stocks slipped into the red on Tuesday, snapping a five-day winning streak, as investors opted for quick-profit on selective large-cap issues. The market opened on upward trend and key index of the p...

Share prices of two cos’ keep soaring sans PSI

Share prices of two cos’ keep soaring sans PSI

FE Online Report 2020-02-18 13:51:50

The share prices of two companies - Orion Pharmaceuticals and Orion Infusions - have been soaring despite no undisclosed price sensitive information. Within 12 trading days, share price of Orion Phar...

UN initiative to improve environment, livelihoods and energy supply in Cox's Bazar

UN initiative to improve environment, livelihoods and energy supply in Cox's Bazar

FE Online Desk 2020-02-18 13:20:47

Three United Nations (UN) agencies have launched the Safe Access to Fuel and Energy Plus Livelihoods (SAFE Plus) project in Dhaka alongside the Government of Bangladesh to mitigate deforestation and i...

DSEX exceeds 4800-mark in early trading

DSEX exceeds 4800-mark in early trading

FE Online Report 2020-02-18 11:28:50

Stocks rose steeply in the early hours of Tuesday trading sending the DSE key index above the 4800-mark, as the enthusiastic investors maintained their buying interest on selective large-cap shares....

Bangladesh eyes stronger commercial ties with Qatar

Bangladesh eyes stronger commercial ties with Qatar

UNB 2020-02-17 18:30:06

Bangladesh and Qatar on Monday discussed ways to strengthen commercial ties further between the two countries and send more workers there ahead of the FIFA World Cup to be held in Qatar in November-De...

Stocks extend gaining streak amid optimism

Stocks extend gaining streak amid optimism

FE Online Report 2020-02-17 16:54:13

Stocks extended the winning streak for the fifth straight session on Monday as investors continued their buying binge on sector-wise shares. DSEX, the prime index of the Dhaka Stock Exchange, continu...

Walton Hi-Tech’s IPO share bidding begins Mar 2

Walton Hi-Tech’s IPO share bidding begins Mar 2

FE Online Report 2020-02-17 13:56:32

The bidding for discovering cut-off price for initial public offering (IPO) share of Walton Hi-Tech Industries by the eligible investors is set to begin on March 2. The electronic bidding will contin...

Stocks witness upturn at open

Stocks witness upturn at open

FE Online Report 2020-02-17 11:27:35

Stocks witnessed an upward trend in the early hours of trading on Monday as some investors kept their buying interest on sector-wise shares. Following the previous day’s sharp gain, the Dhaka S...

CIB database access: BB spurns securities regulator's request

CIB database access: BB spurns securities regulator's request

SYFUL ISLAM 2020-02-17 09:54:56

The central bank has refused to grant the securities regulator the access to its database for scrutinising the credit record of individuals or potential bond issuers, officials said. The Bangladesh S...

Interest rates of savings certificates not lowered

Interest rates of savings certificates not lowered

UNB 2020-02-16 21:11:01

The government has clarified that interest rates of different savings schemes with Post Office Savings Bank were lowered, not that of any savings certificate. The Ministry of Finance issued the clari...

DSEX exceeds 4,700-mark on heavy buying

DSEX exceeds 4,700-mark on heavy buying

FE Online Report 2020-02-16 16:17:53

Stocks kept soaring with the key index of the Dhaka Stock Exchange (DSE) hitting two and a half months on Sunday amid growing investors’ confidence in the market. The market started on a flying...

Stocks jump at open amid soaring turnover

Stocks jump at open amid soaring turnover

FE Online Report 2020-02-16 11:38:53

Stocks witnessed a sharp rise in the early hours of trading on Sunday as investors maintained their buying interest on major sectors’ shares. Market analysts the central bank’s market sup...

Islamic transactions snare 25pc of country's total banking assets

Islamic transactions snare 25pc of country's total banking assets

FE DESK 2020-02-16 10:56:29

At present, the market share of assets of the Islamic banking industry is around 25 per cent of the country's total banking assets. Among the top 35 jurisdictions in terms of domestic market share of...

Merchant bankers seek fiscal incentives to revamp stock mkt

Merchant bankers seek fiscal incentives to revamp stock mkt

FE REPORT 2020-02-16 10:17:53

Merchant bankers have suggested offering special fiscal incentives, including tax and VAT waivers, to help woo large and renowned companies to the stock market. They felt since mobilisation of funds...

ADB provides additional $170m for capital market reform

ADB provides additional $170m for capital market reform

-- 2020-02-15 16:26:43

The Asian Development Bank (ADB) has approved a second tranche loan of $170 million to conclude the Third Capital Market Development programme in Bangladesh. ADB approved the programme tota...

Weekly review: Stocks nudge higher on BB moves

Weekly review: Stocks nudge higher on BB moves

Babul Barman 2020-02-15 11:39:46

Stocks rebounded strongly in the outgoing week as investors put fresh stakes in shares thanks to the central bank's bailout package to boost the ailing capital market. Week-on-week, DSEX, the prime i...

LafargeHolcim tops turnover for fourth week

LafargeHolcim tops turnover for fourth week

FE Report 2020-02-15 11:34:49

Ten most traded firms accounted for 24 per cent transactions on the Dhaka Stock Exchange last week with LafargeHolcim continuing to dominate the chart for fourth straight weeks. Market operators sa...

CSE arranges event on trading of govt securities

CSE arranges event on trading of govt securities

FE Desk Report 2020-02-15 11:31:51

Chittagong Stock Exchange (CSE) Limited arranged an in-house training programme on Thursday at its conference hall on "Trading of Government Securities in the Secondary Platform of the Exchange" for e...

Service charge on export consignments likely

Service charge on export consignments likely

Rezaul Karim 2020-02-15 10:56:17

The government is contemplating imposing service charge on export consignment under the European Union's (EU) Registered Exporter System (REX) aiming to retain the GSP facility there, officials said...

Padma Bridge to create huge job opportunities: Finance minister

Padma Bridge to create huge job opportunities: Finance minister

BSS 2020-02-14 19:15:46

Finance Minister AHM Mustafa Kamal has said huge employment opportunities will be created after the beginning of vehicular movement on the Padma Bridge. “Those who are growing up now and studyi...

DSE to hold mock trading of treasury bonds soon

DSE to hold mock trading of treasury bonds soon

Mohammad Mufazzal 2020-02-14 11:19:20

The country's premier bourse will hold a mock trading session for listed treasury bonds soon in a move to activate the long-awaited trading of such government debt securities through bourses. The Dha...

Khulna Power lights up DSE turnover chart

Khulna Power lights up DSE turnover chart

FE Report 2020-02-14 11:17:27

Ten most-traded companies accounted for 24 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Khulna Power Company Ltd. generating the highest turnover. Market analysts said...

FDI flow far lower than pledged in three years

FDI flow far lower than pledged in three years

FE REPORT 2020-02-14 10:45:18

Investment in Bangladesh by overseas firms was far below their initial pledges in the past three consecutive years through 2018. Such a picture was painted in a written speech by AKM Mozammel Haque,...

Interest rate cap: Private banks' apathy could slow execution, says Fitch

Interest rate cap: Private banks' apathy could slow execution, says Fitch

FE REPORT 2020-02-14 10:07:32

Global ratings agency Fitch warns the execution of an interest rate cap will pose "severe" downside risks to Bangladesh's financial stability. "We believe an eventual implementation of a blanket inte...

Finance Minister denies observation of declining revenue collection

Finance Minister denies observation of declining revenue collection

-- 2020-02-13 20:48:05

Finance Minister said revenue collection has not dropped in the current fiscal year compared to that of the previous fiscal, amid economists’ observation that revenue collection is declining and...