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Search results for: Bangladesh

NCC Bank to issue Tk 5.0b perpetual bond

NCC Bank to issue Tk 5.0b perpetual bond

FE Online Report 2019-12-02 15:23:55

The board of directors of National Credit and Commerce Bank Ltd (NCCBL) has, in principle, decided to issue ‘NCC BANK Perpetual Bond’ for Tk 5.0 billion, said an official disclosure on Mon...

Stocks mixed after five days of gains

Stocks mixed after five days of gains

FE Online Report 2019-12-02 11:22:32

Stocks witnessed mixed trend in early hour trading on Monday as investors are active both sides trading fence. Following the previous five days’ gaining streak, the Dhaka Stock Exchange (DSE) o...

Sluggish turnover hits DSE earning

Sluggish turnover hits DSE earning

FE Report 2019-12-02 11:07:30

The government's revenue earnings from the Dhaka Stock Exchange slumped 21 per cent month-on-month in November this year as trading volume was on the decline. Market analysts said sluggish trading ac...

Economic slowdown in India to impact BD, fears Muhith

Economic slowdown in India to impact BD, fears Muhith

FE REPORT 2019-12-02 10:00:08

Former finance minister A M A Muhith has said Bangladesh's economic growth might be impacted by the slowing down of neighbouring India's economy. "To my mind, the ongoing sluggish trend of Indian eco...

Tax receipts from DSE dip 21pc in November

Tax receipts from DSE dip 21pc in November

FE Online Report 2019-12-01 18:21:54

The government’s revenue earnings from the Dhaka Stock Exchange fell 21 per cent month-on-month in November this year as trading volume was on the decline. Market analysts said sluggish trading...

Stocks extend winning streak for five straight sessions on Sunday

Stocks extend winning streak for five straight sessions on Sunday

FE Online Report 2019-12-01 18:19:38

Stocks extended the gaining streak for five straight sessions on Sunday as investors continued their appetite on selective large-cap issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), s...

Govt to form panel to ensure single digit interest rate

Govt to form panel to ensure single digit interest rate

-- 2019-12-01 17:22:25

The government is set to form a panel with the task of bringing interest rates down to a single digit. Finance Minister AHM Mustafa Kamal gave the information after a meeting with leaders of the bank...

Bourses open higher on investors' buying appetite

Bourses open higher on investors' buying appetite

FE Online Report 2019-12-01 11:44:20

Stocks witnessed an upward trend in the early hour of trading on Sunday as some investors continued their buying appetite on sector-wise issues. Following the previous week’s positive streak, t...

GBB Power to invest in GBB Tea Estate

GBB Power to invest in GBB Tea Estate

FE Online Report 2019-12-01 11:08:57

The board of directors of GBB Power Ltd has decided to invest in 49 per cent equity shares in “GBB Tea Estate Ltd”, a newly formed company. GBB Tea Estate initially plans to purchase 150...

50,000 workers may return home under Malaysia's B4G scheme

50,000 workers may return home under Malaysia's B4G scheme

ARAFAT ARA 2019-12-01 10:20:25

About 50,000 Bangladeshi workers would have to return home from Malaysia by this month under 'Back 4 Good (B4G) scheme announced by Kula Lumpur, according to Bangladesh High Commission there. The Mal...

FinMin’s parley with banking bosses: Troubled loans to top agenda

FinMin’s parley with banking bosses: Troubled loans to top agenda

REZAUL KARIM AND FHM HUMAYAN KABIR 2019-12-01 10:01:09

Finance minister will sit with chiefs of private and public sector banks to discuss the issues of non-performing loans and banking sector volatility, officials said. Officials said finance minister A...

Weekly review: DSE average turnover climbs 20pc

Weekly review: DSE average turnover climbs 20pc

Babul Barman 2019-11-30 10:30:24

Stocks posted a modest gain in the outgoing week that ended Thursday, snapping a two-week losing streak, as opportunist investors showed their appetite on financial issues. Week-on-week, DSEX, the...

LafargeHolcim generates highest weekly turnover

LafargeHolcim generates highest weekly turnover

FE Report 2019-11-30 10:27:20

Ten most traded companies accounted for one-fifth transactions to the Dhaka Stock Exchange (DSE) in the outgoing week that ended on Thursday. LafargeHolcim Bangladesh dominated the weekly turnover ch...

Taka losing value vs dollar

Taka losing value vs dollar

SIDDIQUE ISLAM 2019-11-30 10:10:24

The local currency has depreciated by Tk 1.0 against the US dollar so far this year in the inter-bank foreign exchange market as demand for the greenback grew. The dollar was quoted at Tk 84.90 eac...

Dhaka to seek $3.0b Chinese aid

Dhaka to seek $3.0b Chinese aid

FHM HUMAYAN KABIR 2019-11-30 10:06:03

Bangladesh will seek US$3.0 billion in aid from China for the next three years in the upcoming joint working group meeting to be held on Monday, officials said. It will also seek relaxation of term...

ADN Telecom holds IPO lottery draw

ADN Telecom holds IPO lottery draw

FE Report 2019-11-29 10:49:01

The lottery draw for the allotment of initial public offering (IPO) of ADN Telecom Ltd., which raised a fund of Tk 570 million through book-building method, was held on Thursday. The IT and telecommu...

Fortune Shoes generates highest DSE turnover

Fortune Shoes generates highest DSE turnover

FE Report 2019-11-29 10:47:14

Ten most traded companies grabbed more than 23 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes making it to the top of the turnover list. Market analysts sa...

Bangladesh can 'attract $20b from CACCI nations' investors'

Bangladesh can 'attract $20b from CACCI nations' investors'

FE Report 2019-11-29 10:40:05

Bangladesh may be able to attract new investments worth over US$ 20 billion in different sectors of the country. The member countries of the Confederation of Asia-Pacific Chambers of Commerce and Ind...

0.1m businesses take new BINs

0.1m businesses take new BINs

FE Report 2019-11-29 10:34:21

About 0.1 million businesses have taken 13-digit Business Identification Numbers (BINs) until Thursday through obtaining fresh one or updating their existing VAT registration number. The deadline for...

Third-party evaluation can cure ill cos: Analysts

Third-party evaluation can cure ill cos: Analysts

FE REPORT 2019-11-29 10:27:32

Analysts on Thursday laid emphasis on strict evaluation of the financial reports of the companies by a third-party to shield the financial market from vulnerabilities. They suggested the government...

Provisions shortfall soars in nine months

Provisions shortfall soars in nine months

Siddique Islam 2019-11-29 10:15:16

The provisions shortfall against classified loans in the country's banking system swelled by nearly 23 per cent or Tk 15.15 billion during the first nine months of the calendar year. The total shortf...

Stocks end flat after rough ride

Stocks end flat after rough ride

FE Online Report 2019-11-28 18:24:36

Stocks finished almost flat on Thursday after volatile trading as investors booked some profits with cautious positioning. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4731, ad...

Buying spree pushes markets up

Buying spree pushes markets up

FE Online Report 2019-11-28 11:58:30

Stocks witnessed positive trend in early hour trading on Thursday as some investors continued their buying appetite on sector-wise issues. Following the previous three days’ gaining streak, t...

Telecom, power, engineering, banking sector gain most

Telecom, power, engineering, banking sector gain most

FE Report 2019-11-28 11:19:20

Stocks witnessed yet another positive session Wednesday, extending the gaining streak for the third straight day, as investors showed their appetite on selective large-cap issues. The market opened...

BSEC approves Tk 6.0b Islami Bank bond

BSEC approves Tk 6.0b Islami Bank bond

FE Report 2019-11-28 11:16:03

The securities regulator has approved a mudaraba redeemable non-convertible subordinated bond worth Tk 6.0 billion in favour of Islami Bank Bangladesh. The approval was given at a commission meeting,...

Export diversification: New sectors missing out on bank credit

Export diversification: New sectors missing out on bank credit

FE Report 2019-11-28 10:33:53

Banking experts have underscored the need for better credit risk management and good corporate governance to reduce the volume of non-performing loans (NPLs) in banks and other financial institutions....

Finance minister rules out trade war fallout

Finance minister rules out trade war fallout

FE REPORT 2019-11-28 10:33:02

Finance minister AHM Mustafa Kamal said on Wednesday Bangladesh's economy would not face any shock from the ongoing global trade war due to its strong base. The minister said due to the ongoing tra...

Volume of NPL up 24pc in Q3

Volume of NPL up 24pc in Q3

SIDDIQUE ISLAM 2019-11-28 09:55:05

The volume of classified loans in the country's banking sector rose further to hit an all-time high at Tk 1.16 trillion (1.16 lakh crore) at the end of the third quarter of current calendar year despi...

AND Telecom's IPO lottery draw Thursday

AND Telecom's IPO lottery draw Thursday

FE Online Report 2019-11-27 20:42:59

AND Telecom Ltd,  which raised a fund worth Tk 570 million through book-building method, is set to hold initial public offering (IPO) lottery draw on Thursday. The lottery draw of the company wi...

Finance minister eyes 25pc growth in remittance inflow in FY20

Finance minister eyes 25pc growth in remittance inflow in FY20

-- 2019-11-27 18:40:24

Finance Minister AHM Mustafa Kamal on Wednesday said remittance inflow is likely to increase by at least 25 per cent in the fiscal 2019-20 (FY20) due to a number of government steps. “Remittanc...