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Search results for: Bangladesh

Govt to support businesses for job creation: Kamal

Govt to support businesses for job creation: Kamal

FE REPORT 2019-12-25 10:46:03

Finance Minister AHM Mustafa Kamal on Tuesday said the government will continue to support the growth of private sector so they can employ more people. He said, "Businesses should set a target to reg...

Kamal, DSE meet Jan 02 on policy support

Kamal, DSE meet Jan 02 on policy support

MOHAMMAD MUFAZZAL 2019-12-25 10:36:06

The Dhaka Stock Exchange (DSE) will sit with the finance minister to seek effective policy support for bringing back investors' confidence in the moribund stock market. The country's premier bourse f...

BB sets single-digit lending rate for industrial manufacturers

BB sets single-digit lending rate for industrial manufacturers

SIDDIQUE ISLAM 2019-12-25 09:43:39

The Bangladesh Bank (BB) board of directors has approved a proposal on a single-digit lending rate for industrial manufacturers to add an impetus to the country's economic growth. The approval came a...

DSE daily turnover hits 21-month low

DSE daily turnover hits 21-month low

FE Online Report 2019-12-24 16:03:15

The daily trade turnover on the Dhaka Stock Exchange (DSE) dropped to 21 months low Tuesday as investors were reluctant to make fresh investment in stocks amid ongoing bearish trend. Turnover, a cruc...

Uttara Finance to issue Tk 3.73b bond

Uttara Finance to issue Tk 3.73b bond

FE Online Report 2019-12-24 11:42:46

The board of directors of Uttara Finance and Investment Ltd will issue non-convertible zero coupon bonds through private placement at a discounted issue price of more than Tk 3.73 billion. Total face...

Bourses post marginal gain in early trading

Bourses post marginal gain in early trading

FE Online Report 2019-12-24 11:32:38

Stocks witnessed marginal gain in early hours of trading on Tuesday as investors mostly followed cautious stance. After hitting fresh 42-month, the Dhaka Stock Exchange (DSE) and the Chittagong Stock...

Square Pharma tops turnover chart

Square Pharma tops turnover chart

FE Report 2019-12-24 10:33:52

Square Pharmaceuticals dominated the Dhaka bourse's transaction chart Monday while ten most traded companies accounted for 29 per cent transactions. Market analysts said investors continued their sel...

BB set to issue circular on single-digit loan rate

BB set to issue circular on single-digit loan rate

SIDDIQUE ISLAM 2019-12-24 10:18:57

The central bank is set to issue a circular on single-digit interest rate on industrial loans after getting approval from its board of directors, officials said. A draft of the circular is expected t...

DSEX dips below 4,400-mark again

DSEX dips below 4,400-mark again

FE Online Report 2019-12-23 15:56:01

The key index of Dhaka Stock Exchange (DSE) dipped below the ‘psychological’ threshold of 4,400-mark on Monday as worried investors continued their selling on major sectors’ shares...

Stocks slip at opening amid selling spree

Stocks slip at opening amid selling spree

FE Online Report 2019-12-23 11:50:44

Stocks witnessed downward trend in early hours of trading on Monday as cautious investors continued their selling binge on sector-wise issues. Following the previous day’s decline, the Dhaka St...

Genex Infosys signs deal with Banglalink

Genex Infosys signs deal with Banglalink

FE Online Report 2019-12-23 11:30:32

The board of directors of Genex Infosys has approved an agreement with Banglalink Digital Communications Ltd, to be called ‘Agreement for Mobile Device Business.’ The company has signed t...

BSEC approves change of two MFs asset manager

BSEC approves change of two MFs asset manager

FE Report 2019-12-23 11:01:48

The securities regulator on Sunday gave approval to change the asset manager of two closed-end mutual funds as demanded by more than two-third unit holders. The mutual funds are DBH First Mutual Fund...

KPCL generates highest turnover

KPCL generates highest turnover

FE Report 2019-12-23 11:00:08

Khulna Power Company Ltd dominated the Dhaka Stock Exchange's transaction chart on Sunday while ten most traded companies accounted for 27 per cent transactions. Market analysts said investors showed...

NBR cuts AIT to 3.0pc on cement materials import

NBR cuts AIT to 3.0pc on cement materials import

Mohammad Mufazzal 2019-12-23 10:30:08

The government has reduced the rate of advance income tax (AIT) on import of cement raw materials to 3.0 per cent from 5.0 per cent. National Board of Revenue (NBR) issued a SRO (statutory regulatory...

Technip revises down construction cost estimate of oil refinery

Technip revises down construction cost estimate of oil refinery

M AZIZUR RAHMAN 2019-12-23 09:34:29

French firm Technip, which is keen to clinch the contract for building the country's second crude oil refinery, has revised down the estimated cost of its construction to US$ 2.23 billion. The oil re...

Stocks slip into red as GP’s share drops

Stocks slip into red as GP’s share drops

FE Online Report 2019-12-22 17:29:37

Stocks slipped back into the red on Sunday, after a single-day break, as worried investors went selling on sector-wise issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 25...

Envoy Textiles AGM approves 15pc cash dividend

Envoy Textiles AGM approves 15pc cash dividend

FE Online Desk 2019-12-22 13:41:21

The board of directors of Envoy Textiles Limited has approved 15 per cent cash dividend for the year ended on June 30, 2019. The final approval of the dividend came during the 24th Annual General Mee...

Bourses open week on negative note

Bourses open week on negative note

FE Online Report 2019-12-22 11:38:04

Stocks witnessed a downward trend in the early hours of trading on Sunday as investors mostly followed cautious stance. Following the previous week’s slump, the Dhaka Stock Exchange (DSE) and t...

Election on December 29: Three candidates to vie for DSE polls

Election on December 29: Three candidates to vie for DSE polls

FE Report 2019-12-22 10:33:43

Three shareholders of Dhaka Stock Exchange (DSE) have submitted their nomination papers to contest for posts of two shareholder directors of the premier bourse. The candidates are Shakil Rizvi, manag...

Ring Shine week's worst loser after debut

Ring Shine week's worst loser after debut

FE Report 2019-12-21 11:24:14

Ten most-traded firms accounted for one-fourth transactions of the Dhaka Stock Exchange (DSE) last week that ended on Thursday. Ring Shine Textiles, which made debut on December 12, emerged as the we...

E-commerce trade still poor in BD: WB report

E-commerce trade still poor in BD: WB report

Saif Uddin 2019-12-21 11:05:11

The rate of online sales through different e-commerce platforms accounts for a very limited portion of the total retail sales in Bangladesh, according to a World Bank (WB) study. "Global online purch...

July-Nov farm credit flow up by over 11pc

July-Nov farm credit flow up by over 11pc

Siddique Islam 2019-12-21 10:51:39

Farm credit disbursement grew by more than 11 per cent in the first five months of the current fiscal year (FY), 2019-20, as demand for such loan has been picked up due to seasonal effects. Disburs...

Financial sector's input to GDP drops for second year

Financial sector's input to GDP drops for second year

FHM HUMAYAN KABIR 2019-12-21 09:39:04

Irregularities and problems of various nature in the country's banking and financial sector have hit its growth, as the sector's expansion rate has fallen in the last fiscal year (FY), 2018-19, for th...

No bar to changing asset manager of two MFs, says BSEC lawyer

No bar to changing asset manager of two MFs, says BSEC lawyer

MOHAMMAD MUFAZZAL 2019-12-20 11:36:58

The securities regulator now can change the asset manager of two closed-end mutual funds (MFs) as the Supreme Court (SC) has stayed the status quo which barred the regulator from doing so, a jurist sa...

Genex Infosys generates highest turnover

Genex Infosys generates highest turnover

FE Report 2019-12-20 11:33:02

Ten most traded companies accounted for 27 per cent transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Genex Infosys Ltd. dominating the turnover chart. Market analysts said investors c...

MI Cement approves 10pc div

MI Cement approves 10pc div

FE Online Report 2019-12-20 11:30:03

MI Cement Factory Ltd., popularly known as Crown Cement, has approved 10 per cent cash dividend for its shareholders for the year ended on June 30, 2019. The approval came at the 25th annual general...

Nine PPP-G2G projects: Scope aplenty for $10b investment

Nine PPP-G2G projects: Scope aplenty for $10b investment

MUNIMA SULTANA 2019-12-20 10:11:10

Scope abounds for a whacking $10-billion investment in nine projects under public-private partnership (PPP) with the government-to-government (G2G) arrangement. The PPP Authority (PPPA) has so far si...

DSE, CSE break three-day losing streak

DSE, CSE break three-day losing streak

FE Online Report 2019-12-19 15:56:08

Stocks backed to the green on Thursday, snapping a three-day losing streak, as bargain hunters showed their buying appetite on large-cap shares. Analysts said the market edged up as the optimistic...

Markets drive gains in early trading

Markets drive gains in early trading

FE Online Report 2019-12-19 11:42:58

Stocks witnessed sharp gain in early hours of trading on Thursday as bargain hunters showed their appetite on sector-wise shares. Following the previous three days’ slump, the Dhaka Stock Excha...

Taka strengthens against dollar

Taka strengthens against dollar

SIDDIQUE ISLAM 2019-12-19 10:52:23

The local currency appreciated by two paisa against US dollar on Wednesday after nearly three years in the inter-bank foreign exchange (forex) market. Dollar was quoted at Tk 84.88 per unit on the...