Search results for: Bangladesh

BD missions can play key role to attract FDI: Minister

FE Online Report 2019-06-25 18:56:58

Bangladesh missions abroad will play as a catalyst to promote economic growth by attracting foreign direct investment. Foreign Minister DR AK Abdul Momen made the observation on Tuesday at a seminar...

10 projects worth Tk 69b get ECNEC nod

-- 2019-06-25 17:46:32

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 10 development projects involving Tk 69 billion (Tk 6,967 crore), including modernization of 21 metre-gauge diesel-...

Stocks end flat, sentiment still fragile

FE Online Report 2019-06-25 16:10:34

Stocks witnessed another flat session on Tuesday, as investors mostly followed cautious stance ahead of June closing. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 1.80 points o...

Stocks edge up in volatility trade

FE Online Reports 2019-06-25 11:54:25

Stocks witnessed choppy trading in early hours of trading on Tuesday as investors mostly followed cautious stance. Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE)...

Ten-traded cos snare 28pc DSE turnover

FE Report 2019-06-25 10:25:17

Ten most-traded companies captured nearly 28 per cent transaction of the Dhaka Stock Exchange (DSE) on Monday while United Power topped the list for the three straight sessions. Market analysts sai...

External sector shows sign of recovery in H2

FE Report 2019-06-25 09:27:43

Current-account balance-to-GDP (gross domestic product) ratio improved during the second half (H2) of 2018 compared to the same period a year earlier. This means the country's export growth shows sig...

HC extends freeze on privilege for loan defaulters by 2 months

-- 2019-06-24 17:29:57

Loan defaulters will be barred from paying off their debts with 2 per cent down payment and 9 per cent interest rate as the High Court has extended its freeze on a Bangladesh Bank circular by two mont...

Stocks end slightly higher after two-day losing streak

FE Online Report 2019-06-24 16:45:25

Stocks ended slightly higher on Monday, after two-day losing streak, as investors mostly followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settle at 5,386, advancing...

'Proposal to impose tax on retained earnings may go'

-- 2019-06-24 16:36:07

The proposed tax on the retained earnings of a company may be withdrawn following businessmen’s demand. Salman F Rahman, prime minister’s adviser on private sector development, gave the i...

Economists sceptical about high GDP growth rate

FE Report 2019-06-24 11:57:17

Terming the official data 'inconsistent', speakers at a panel discussion on Sunday said there remains 'mismatch' between the government GDP growth projection and major economic indicators. They a...

Stocks fall on cautious trading at opening

FE Online Reports 2019-06-24 11:42:31

Stocks witnessed downward trend in early hours of trading on Monday as investors mostly followed cautious stance. Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) an...

BD receives record FDI in last calendar year

FE Online Report 2019-06-24 10:46:03

Bangladesh received its highest-ever FDI (Foreign Direct Investment) inflow in 2018 with around 68 per cent growth compared to the previous calendar year. According to the UNCTAD World Investment Rep...

Ten-traded cos snare 26pc turnover

FE Report 2019-06-24 10:31:21

Ten most-traded firms captured more than 26 per cent transaction of the Dhaka Stock Exchange (DSE) on Sunday while United Power topped the list. Market analysts said investors were active on the U...

Southeast Bank approves 10pc stock dividend

FE Desk Report 2019-06-24 10:26:14

The 24th Annual General Meeting (AGM) of Southeast Bank Ltd. was held on Sunday at Officers' Club in Dhaka city. Mr. Alamgir Kabir, FCA, Chairman of the Bank, presided over the meeting. Bank's Vice-C...

10 listed cos among loan defaulters

Mohammad Mufazzal 2019-06-24 09:34:43

As many as 10 companies in the capital market and one brokerage firm are among the top 300 loan defaulters, whose names were revealed in parliament on Saturday. These 11 companies have swallowed a to...

Stocks end marginally lower for second straight session

FE Online Report 2019-06-23 17:26:48

Stocks ended marginally lower for the second straight session on Sunday as cautious investors sold sector specific shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settle at 5,383, sh...

Poverty rate to be brought down to a level less than US: PM

-- 2019-06-23 17:00:35

Prime Minister Sheikh Hasina has said her government plans to bring down the poverty rate of the country to a level less than that of the USA. "At present, we have brought down the poverty rate to 21...

United Power to acquire 75pc stake of Leviathan Global

FE Online Report 2019-06-23 13:52:30

The board of directors of United Power has decided to acquire 75 per cent - equivalent to 3,00,000 ordinary shares - of Leviathan Global BD Ltd. (LGBDL) at a face value of Tk 10 per share each. Levia...

Pragati Life Insurance recommends 30pc dividend

FE Online Report 2019-06-23 12:36:18

The board of directors of Pragati Life Insurance Company has recommended 15 per cent cash and 15 per cent stock dividend for the year ended on December 31, 2018, said an official disclosure on Sunday....

Continental Insurance approves 10pc dividend

FE Online Desk 2019-06-23 11:35:17

The board of directors of Continental Insurance Limited has approved 5 per cent stock and 5 per cent cash dividend for the year ended on 31 December 2018. The final approval of the dividend came duri...

Stocks witness sluggish trading at opening

FE Online Report 2019-06-23 11:35:13

Stocks witnessed slow trading in early hour on Sunday as investors were waiting for decision on tax review issue. Following the previous week’s correction, the Dhaka Stock Exchange (DSE) and th...

300 loan defaulters eat up Tk 509b in over three years

FE Report 2019-06-23 10:38:08

Finance Minister AHM Mustafa Kamal on Saturday disclosed in parliament a list of the country's top 300 loan defaulters, who swallowed Tk 509.42 billion worth of bank money. This figure makes up aroun...

BSEC readies proposals before meeting with NBR Monday

Mohammad Mufazzal 2019-06-23 10:37:19

The securities regulator BSEC will submit a set of 'specific' proposals to the National Board of Revenue (NBR) tomorrow (Monday) on the measures, including the tax on reserves, in the proposed budget...

Prices of 41 cos up due to rise of institutional investments

FE Report 2019-06-23 10:32:41

Some 41 listed companies saw a rise of institutional investments ranging between 1.0 per cent and 8.0 per cent in May compared to April last, according to information of Dhaka Stock Exchange and Chitt...

Economists for performance-based tariff policy

FE Report 2019-06-23 09:41:50

Bangladesh could not achieve its desired economic growth through the existing anti-export bias promoting protectionism, economists said on Saturday. They said the country set a higher growth target o...

BIMSTEC leaders promise ‘peaceful, prosperous’ Bay region

-- 2019-06-22 21:47:49

Leaders of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) have promised to make a “peaceful and prosperous” Bay of Bengal region on the 22 yea...

'Default loan in Bangladesh now over Tk 1.02 trillion'

-- 2019-06-22 17:43:32

The number of total loan defaulters in the country is now 170,390 and total amount of defaulted loans is over Tk 1.02 trillion (Tk 102,315.19 crore). Finance Minister AHM Mustafa Kamal gave the infor...

Number of TIN holders exceeds four million

-- 2019-06-22 16:57:41

The number of total Tax Identification Number (TIN) holders in the country is now 40,37,429 (over 4.037 million). Finance Minister AHM Mustafa Kamal gave the information on Saturday in the parliament...

Bangladesh received $15.06b remittance till May in FY19

-- 2019-06-22 16:50:04

Bangladeshi expatriates have remitted US$15.06 billion till May in the current fiscal 2018-19, which is $1,462 million higher than same period of the last fiscal. Finance Minister AHM Mustafa Kamal g...

IBFB for establishing good governance

FE Online Desk 2019-06-22 13:47:43

  International Business Forum of Bangladesh (IBFB) said without establishing good governance and complying with the due diligence, the implementation of the new budget will not be possible....