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Search results for: Bangladesh

Active BO accounts down 7.25pc in 2019

Active BO accounts down 7.25pc in 2019

Mohammad Mufazzal 2020-01-05 10:43:10

The number of active BO (beneficiary owner's) accounts declined 7.25 per cent in the just concluded calendar year from the number of accounts observed at the end of previous year. The officials famil...

Vegetable can expedite pace of economic progress: Agriculture minister

Vegetable can expedite pace of economic progress: Agriculture minister

BSS 2020-01-04 17:05:10

Terming vegetable farming as a potential sector of the country, Agriculture Minister Dr M Abdur Razzaque has said vegetable can expedite the current pace of the country’s economic progress. &nb...

One-fourth of approved projects get revised in 2019

One-fourth of approved projects get revised in 2019

FHM HUMAYAN KABIR 2020-01-04 14:26:53

The top economic policymaking body has revised a good number of projects in the first year of the government, or one-fourth of the total approved in its second term, officials said. In its 22nd meeti...

Turnover on OTC market hits two-year low

Turnover on OTC market hits two-year low

FE Report 2020-01-04 12:21:19

Transaction on over-the-counter (OTC) market on the Dhaka Stock Exchange (DSE) slumped 68 per cent year-on-year in 2019, hitting two-year low amid gloomy market outlook. The shares of the companies,...

Stocks snap four-week losing streak

Stocks snap four-week losing streak

Babul Barman 2020-01-04 12:17:08

Stocks posted a modest gain last week, snapping a four-week losing streak as bargain hunters showed their appetite on sector-wise issues. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchan...

Private credit unlikely to grow: Bankers

Private credit unlikely to grow: Bankers

SIDDIQUE ISLAM 2020-01-04 10:25:31

Private credit growth is unlikely to pick up in the near future as most of the banks are reluctant to provide fresh loans after the move to enforce a single-digit interest rate. The government and th...

'Bangladesh economy to outshine Malaysia, Singapore, Hong Kong by 2024'

'Bangladesh economy to outshine Malaysia, Singapore, Hong Kong by 2024'

UNB 2020-01-03 19:51:11

Bangladesh’s economy will outshine the economy of Malaysia, Hong Kong and Singapore with its presence as the 30th largest economy in the world by 2024, says a new report. The global report, tit...

Private sector credit growth drops below 10pc

Private sector credit growth drops below 10pc

-- 2020-01-03 12:54:45

Before bringing down the lending rates to single digit, the growth of credit flow to the private sector has dropped below 10 per cent, which analysts have called “worrying” for the economy...

Gear up efforts to ensure duty-free market access

Gear up efforts to ensure duty-free market access

FE REPORT 2020-01-03 10:58:17

The government on Thursday directed the Bangladesh missions abroad to gear up efforts for ensuring duty-free access of the country's products to the global market in the post-LDC period. In a letter...

Khulna Power lights up turnover chart

Khulna Power lights up turnover chart

FE Report 2020-01-03 10:50:06

Ten most traded companies accounted for 29 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Khulna Power Company Ltd. (KPCL) generating the highest turnover. Market anal...

Anlima Yarn AGM approves 5.0pc div

Anlima Yarn AGM approves 5.0pc div

FE DESK 2020-01-03 10:48:45

Chairperson of Anlima Yarn Dyeing Limited Hubbun Nahar Hoque (2nd from left) presiding over the 24th annual general meeting (AGM) of the company on its factory premises at Karnapara in Savar recentl...

Vow to go by law to stem stock mkt rumours

Vow to go by law to stem stock mkt rumours

FE Report 2020-01-03 10:32:58

Finance minister AHM Mustafa Kamal on Thursday made it clear that existing laws will be enforced so that none can harm the capital market by spreading rumours. "Now rumours are driving the capital ma...

Bourses pop in early trading

Bourses pop in early trading

FE Online Report 2020-01-02 11:27:50

Stocks witnessed upward trend in early hours of trading on Thursday, the second day of the New Year, as optimistic investors are showing their appetite on sector-wise issues. Following the previous d...

ADN Telecom to make debut Jan 6

ADN Telecom to make debut Jan 6

FE Report 2020-01-02 11:12:49

Trading of the shares of ADN Telecom Ltd will commence on Dhaka Stock Exchange and Chittagong Stock Exchange on January 6 (Monday) under 'N' category, officials said. The DSE trading code for ADN Tel...

Trading through DSE mobile app up 30pc

Trading through DSE mobile app up 30pc

Mohammad Mufazzal 2020-01-02 11:10:59

Share transactions through DSE-Mobile app continued to rise as the number of active users of this digital application rose 30 per cent in the just concluded calendar year compared to previous year. T...

Foreign aid rises by 9.0pc in Jul-Nov

Foreign aid rises by 9.0pc in Jul-Nov

FHM HUMAYAN KABIR 2020-01-02 10:42:42

Foreign aid commitment to Bangladesh dropped by 47 per cent to US$2.6 billion in the first five months of the current fiscal year compared to that of the same period last fiscal, officials said on Mon...

Banks’ rural branches rise to 10,467

Banks’ rural branches rise to 10,467

FE REPORT 2020-01-02 10:39:32

Banks are fast expanding into rural areas to bring the yet unbanked people under financial inclusion to help economy grow, people in the banking system said. According to the data available with the...

Medium-term strategy: 'Revenue think-tank' to support formulation

Medium-term strategy: 'Revenue think-tank' to support formulation

DOULOT AKTER MALA 2020-01-02 10:38:40

The government has decided to establish a 'revenue think-tank' to support its proposed medium-term revenue strategy (MTRS), aimed at increasing the tax-GDP ratio. The country's tax-GDP ratio -- aroun...

Remittance rises by 18pc in 2019

Remittance rises by 18pc in 2019

SIDDIQUE ISLAM 2020-01-02 10:17:01

Inward remittance grew by nearly 18 per cent to a record $18.42 billion in the just-passed 2019 for a government effort to incentivise remitters. The figures jumped from $15.53 billion in 2018, accor...

Kamal clueless about stock market behaviour

Kamal clueless about stock market behaviour

FE REPORT 2020-01-02 09:53:56

Finance minister AHM Mustafa Kamal Wednesday said he failed to understand the reasons for the stock market not behaving in line with other major economic indicators. He said everyone praises Banglade...

Single-digit interest rate likely from April: Minister

Single-digit interest rate likely from April: Minister

-- 2020-01-01 22:19:25

Finance Minister AHM Mustafa Kamal on Wednesday said the implementation of the proposed single-digit interest rate has been deferred by three months to avoid complications. “Hopefully, the sing...

Stocks start new year with positive note

Stocks start new year with positive note

FE Online Report 2020-01-01 11:32:19

Stocks witnessed upward trend in early hours of trading on Wednesday, the opening day of the New Year, as optimistic investors are showing their appetite on sector-wise issues. Following the previous...

Net foreign fund in stocks negative for two years

Net foreign fund in stocks negative for two years

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

Net foreign investment on Dhaka Stock Exchange remained negative for two straight years in 2018 and 2019 as the overseas investors continued to pull out their fund amid depressed market outlook. The...

Investors pessimistic about MFs

Investors pessimistic about MFs

MOHAMMAD MUFAZZAL 2020-01-01 10:58:11

The listed mutual funds (MFs) were in dire straits throughout 2019 as investors lost their confidence in the sector following their poor returns. Following investors' less participation, the unit pri...

Flashback 2019 Economy: RMG sector faces ups and downs

Flashback 2019 Economy: RMG sector faces ups and downs

MONIRA MUNNI 2020-01-01 10:38:51

The country's readymade garment (RMG) sector went through ups and downs last year, prompting industry insiders to seek immediate policy support to tackle the challenges still ahead of them. Althoug...

Retrieving laundered money: Govt body moots tax detectives in BD missions

Retrieving laundered money: Govt body moots tax detectives in BD missions

SYFUL ISLAM 2020-01-01 10:03:35

A government body has suggested appointing 'tax detectives' in Bangladesh missions abroad, updating the double-taxation deal with Switzerland and exchanging views with the countries where most of the...

Waiver of tax sought

Waiver of tax sought

FE Report 2019-12-31 12:26:59

A tripartite committee has made four proposals including the waiver of transaction tax to start the trading of Treasury Bond (T-Bond) and Treasury Bill (T-Bill) through the stock exchanges. A nine-me...

Flashback 2019 Economy: GDP growth only bright spot

Flashback 2019 Economy: GDP growth only bright spot

JASIM UDDIN HAROON 2019-12-31 11:57:11

Almost all key economic indicators fell in 2019, though GDP (gross domestic product) growth was robust in the outgoing year, according to official data. Economists said some new indicators that were...

Falling exports, slow pvt credit major weaknesses

Falling exports, slow pvt credit major weaknesses

ADNAN HOSSAIN BHUIYAN 2019-12-31 11:51:18

The country's businesses identified negative export growth, revenue shortfall, falling private sector credit growth, rising levels of default loans and heavy government bank borrowing as major worries...

Ministry doubles LNG import terminal, re-gasification capacity

Ministry doubles LNG import terminal, re-gasification capacity

M AZIZUR RAHMAN 2019-12-31 11:40:34

The power and energy ministry doubled the LNG import terminal and re-gasification capacity and added 2,153 megawatt (MW) of electricity totalling the country's overall installed capacity to 19,467 MW...