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Search results for: Bangladesh

Govt allows state-owned cos to deposit 50pc of funds in private banks

Govt allows state-owned cos to deposit 50pc of funds in private banks

-- 2020-01-20 17:37:48

The government has allowed state-owned companies to deposit up to 50 per cent of their surplus funds in private banks and non-bank financial institutions. The finance ministry’s Financial Insti...

BIBM workshop on Outsourcing in Financial Service Sector Jan 21

BIBM workshop on Outsourcing in Financial Service Sector Jan 21

FE Online Desk 2020-01-20 13:37:34

A Discussion Workshop on Outsourcing in Financial Service Sector (in association with BACCO & LICT) will be held at the auditorium of Bangladesh Institute of Bank Management on January 21. Mr. Zu...

Bangladesh’s exports to India cross $1.0b in 2019

Bangladesh’s exports to India cross $1.0b in 2019

FE REPORT 2020-01-20 11:25:30

Bangladesh's exports to India crossed US $ 1.0 billion mark in the last calendar year (2019), said Gurvinder Singh, Director (exhibitions) of Engineering Export Promotion Council of India (EEPC Indi...

Padma Oil Co approves 130pc dividend

Padma Oil Co approves 130pc dividend

Our Correspondent 2020-01-20 11:22:10

Padma Oil Company Limited (POCL), a leading fuel oil company of the country, has approved 130 per cent dividend for shareholders of the company for the 2018-19 financial year. The approval came at th...

Govt's credit growth target raised for H2

Govt's credit growth target raised for H2

FE Report 2020-01-20 10:00:36

Higher borrowing of the government during the first half (H1) of the current fiscal year (FY20) compelled the central bank to revise the growth rate of the borrowing significantly upward for the secon...

BB rolls out capital market support plan this week

BB rolls out capital market support plan this week

SIDDIQUE ISLAM 2020-01-20 09:47:27

The central bank is set to announce a long-term comprehensive plan this week aiming to support sustainable development of the country's capital market. Under the plan, the Bangladesh Bank (BB) will...

Dhaka stocks notch biggest gain since 2013

Dhaka stocks notch biggest gain since 2013

-- 2020-01-19 15:39:08

Dhaka stocks have gained 5.6 per cent, the biggest jump since the key index DSEX was introduced in January 2013. The shares on the Dhaka Stock Exchange were buoyed by Prime Minister Sheikh Hasina&rsq...

FDI stuck in low gear

FDI stuck in low gear

JUBAIR HASAN 2020-01-19 10:35:20

The declining trend in the net inflows of foreign direct investment, or FDI, in the country sustained until the third quarter of the immediate past calendar year, according to government data. The...

BD economy may grow by 7.80pc in FY20: UN

BD economy may grow by 7.80pc in FY20: UN

Asjadul Kibria 2020-01-18 17:35:15

Growth rate of the Gross Domestic Product (GDP) of Bangladesh may decline to 7.80 per cent in the current fiscal year (FY20) from 8.10 per cent in the previous fiscal year. Nevertheless, the projecte...

BB underscores branding of local teas

BB underscores branding of local teas

FE Online Report 2020-01-18 12:13:35

The central bank of Bangladesh has underscored branding of local varieties of tea to access the global market. “Branding is a vital factor for marketing the product in the international market,...

Secondary trading of treasury bills, bonds up by 89pc in 2019

Secondary trading of treasury bills, bonds up by 89pc in 2019

FE Online Report 2020-01-18 11:48:01

Secondary trading of the government’s fixed income tradable securities jumped by 89.21 per cent in the last calendar year, according to the central bank statistics. It showed that the total val...

Weekly review: Investors welcome PM's directives on mkts

Weekly review: Investors welcome PM's directives on mkts

FE Report 2020-01-18 10:37:50

Some market supportive measures helped Dhaka stocks end the sharp losing streak in the week ended on Thursday. Out of five trading sessions, the DSE broad index witnessed sharp fall in first three se...

Prices of five large-cap companies up

Prices of five large-cap companies up

FE Report 2020-01-18 10:31:32

The share prices of five large cap companies closed positively on Thursday following investors' increased participation. On the day, the DSEX, broad index of Dhaka Stock Exchange (DSE), also posted a...

Japanese 41st ODA fund use unsatisfactory

Japanese 41st ODA fund use unsatisfactory

SYFUL ISLAM 2020-01-18 10:19:28

The fund disbursement for 31 projects under the 41st Official Development Assistance (ODA) programme in nine months was only 42 per cent of the target which Japanese officials termed as unsatisfactory...

Indian LoCs: Project deadlines see pushback

Indian LoCs: Project deadlines see pushback

Mir Mostafizur Rahaman 2020-01-18 10:10:47

Dozens of projects for which the Indian government extended three credit lines over the past decade shows a dismal picture in project management, according to the latest review. According to the docu...

Unconventional non-bank debt up

Unconventional non-bank debt up

JASIM UDDIN HAROON 2020-01-18 09:56:21

The government's non-bank borrowing from unconventional sources has been growing fast, driven by its needs to meet higher public spending. Apart of savings tools, non-bank instruments include provide...

Dhaka, Delhi discuss joint study on proposed economic partnership deal

Dhaka, Delhi discuss joint study on proposed economic partnership deal

-- 2020-01-17 12:39:47

Bangladesh and India have discussed a number of issues of mutual interest including border haats and joint study for the proposed 'Comprehensive Economic Partnership Agreement' between the two countri...

DSEX adds 21 stocks, drops 18

DSEX adds 21 stocks, drops 18

FE Report 2020-01-17 11:04:55

The Dhaka Stock Exchange (DSE) has rebalanced two equities indices -- DSEX and DS30 -- as per the criteria set by S&P Dow Jones. It has added 21 companies to the DSEX, the benchmark index, and de...

'Non-execution of Delta Plan to shrink GDP'

'Non-execution of Delta Plan to shrink GDP'

FE Report 2020-01-17 10:21:01

The execution of a longer-term development blueprint will raise Bangladesh's annual economic growth by 1.5 percentage points, considering the impact of climate change. But if the government's Delta P...

PM meets policymakers to prop up stock market

PM meets policymakers to prop up stock market

-- 2020-01-16 21:19:45

Prime Minister Sheikh Hasina has met capital market policymakers to discuss ways to pull the stocks out of a slump, a day after an MP called in parliament for her intervention. Khairul Hossain, the c...

Portfolio investors not blamed for poor turnover

Portfolio investors not blamed for poor turnover

FE Report 2020-01-16 11:06:11

The merchant bankers and stock brokers on Wednesday said withdrawl of funds by foreign portfolio investors is not responsible for the poor turnover of the bourses. The merchant bankers and stock brok...

FM seeks UAE declaration to recruit BD nationals in all sectors

FM seeks UAE declaration to recruit BD nationals in all sectors

UNB 2020-01-15 17:23:06

Bangladesh has urged the United Arab Emirates (UAE) to make an official declaration on opening of recruitment for Bangladesh nationals in all sectors in the UAE. Foreign Minister Dr AK Abdul Momen me...

BD on right track to attain SDGs: PM

BD on right track to attain SDGs: PM

-- 2020-01-15 12:10:35

Prime minister Sheikh Hasina has said Bangladesh is now on right track to attain the Sustainable Development Goals (SDGs) due to her government’s time-befitting initiatives. “We achieved...

Top bankers sceptical of 6.0pc deposit rate

Top bankers sceptical of 6.0pc deposit rate

FE REPORT 2020-01-15 10:02:20

The country's top bank executives evinced on Tuesday their grave concern over the 6.0 per cent interest rate on bank deposits as they believe such a poor rate will be "challenging" for mobilising fund...

Higher private sector credit flow to ensure more investment: DCCI

Higher private sector credit flow to ensure more investment: DCCI

FE Online Report 2020-01-14 17:32:02

Increased private sector credit flow will ensure more investment and economic growth, said the newly elected Board of Directors of Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday. They als...

WB unlikely to lift lending for BD

WB unlikely to lift lending for BD

FHM HUMAYAN KABIR 2020-01-14 10:09:11

The World Bank, or WB, is likely to provide US$4.50 billion in loans to Bangladesh over the next three-years, officials said on Monday, the same level as the current portfolio. Although the total aid...

BB gets new director

BB gets new director

FE Online Report 2020-01-13 14:44:14

The government has appointed Nazrul Huda, a former deputy governor of the central bank, as a member of Bangladesh Bank's Board of Directors.  With 35 years of central banking experience, Mr Huda...

Get policy right to develop non-apparel sectors

Get policy right to develop non-apparel sectors

FE REPORT 2020-01-13 11:02:21

Leather and footwear, plastics and light engineering have been identified as the potential sectors, which can help diversify the country's export basket. The sectors will also create greater access t...

Renata clocks 20pc growth against market growth of 17pc

Renata clocks 20pc growth against market growth of 17pc

Mohammad Mufazzal 2020-01-12 12:45:54

Listed pharmaceutical company Renata witnessed a steady growth in net profit for the last three fiscal years (FYs) as the company maintained its high professional standard in manufacturing 'quality' m...

Five large-cap cos shed prices up to 11.34pc

Five large-cap cos shed prices up to 11.34pc

FE Report 2020-01-11 10:46:28

Five large-cap companies having notable impact on index movement lost prices up to 11.34 per cent per share in last week. During the week, the DSEX, the broad index of Dhaka Stock Exchange (DSE), los...