Search results for: Bangladesh

NCC Bank to raise capital to Tk 20b

FE Desk Report 2018-11-26 10:51:40

National Credit and Commerce Bank Ltd. has decided to enhance its authorised capital from Tk. 10 billion to Tk 20 billion. The approval was given in the Bank's 8th Extra-ordinary General Meeting (EG...

ACME to launch commercial operation of steroid, hormone, penicillin

FE Report 2018-11-26 10:48:08

The ACME Laboratories has registered a steady growth in profit earnings during last five fiscal years riding on 'efficient' management. During the period, the company's revenue, earnings per share...

Net foreign funds on DSE tumble in Jan-Oct

FE Report 2018-11-26 10:40:59

The net foreign fund in the prime bourse plunged year-on-year in ten months of the year as overseas investors are pulling out funds from the capital market fearing political jitters in the elections...

BB asks NBFIs to provide info about poll candidates

FE Report 2018-11-26 10:25:05

The central bank has asked non-banking financial institutions (NBFIs) to share information about default loans of the aspirants of the national elections, if any, with the returning officials. The...

Stocks end four-day gaining streak

FE Online Report 2018-11-25 17:33:17

Stocks ended lower on Sunday, snapping a four-day gaining streak, as investors booked some profits on sector-wise issues. Market operators said investors booked profit on some specific stocks while s...

FM expects ‘breakthrough’ in blue economy

-- 2018-11-25 14:02:21

Bangladesh can expect a 'breakthrough' in the field of blue economy through developing its capacity, said Foreign Minister. Foreign Minister AH Mahmood Ali told it to reporters at Sonargaon Hotel aft...

IDLC Finance to issue bond worth Tk 5.0b

FE Online Report 2018-11-25 12:23:19

The board of directors of IDLC Finance has decided to issue non-convertible zero coupon bonds worth Tk 5.00 billion (in face value). Denomination of the bond is Tk 1.0 million each with tenor up to f...

AMCL (PRAN) recommends 32pc cash dividend

FE Online Report 2018-11-25 12:06:13

The board of directors of Agricultural Marketing Company Limited (PRAN) has recommended 32 per cent cash dividend for the year ended on June 30, 2018, said an official disclosure on Sunday. The final...

Trading of 14 cos to remain suspended today

FE Report 2018-11-25 10:01:01

The share trading of 14 listed companies will remain suspended today (Sunday) because of their record dates. On the other hand, the share trading of other 17 companies will resume on Sunday after the...

Govt to seek $ 1.0b funds from ADB, China

FHM Humayan Kabir 2018-11-25 10:00:30

The government will seek nearly US$ 1.0 billion funds from the Asian Development Bank (ADB) and China to upgrade Faridpur-Barisal-Kuakata highways into four-lane, officials said on Saturday. They sai...

Atiur proposes fund for innovation, research

-- 2018-11-24 21:18:28

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while...

NBR to receive individual tax returns until December 2

-- 2018-11-24 19:26:50

The National Board of Revenue (NBR) will receive individual tax returns until December 2 as the last date of submission, November 30, is a weekly holiday. NBR Member (income tax admin) Zia Uddin Maho...

'Seaweed farming should be brought under purview of fisheries ministry'

-- 2018-11-24 17:12:21

Speakers at a discussion have urged authorities concerned to bring cultivation of seaweeds under the purview of the Ministry of Fisheries from the Ministry of Agriculture. They also underscored the n...

Weekly analysis: Stocks rebound as major sectors soar

FE Report 2018-11-24 12:43:28

Stocks ended higher last week as optimistic investors kept their appetite for large-cap issues. Brokers said most of the investors were active on sector-specific stocks throughout the week while some...

Dhaka likely to get $2.0b in add’l fund under IDA-18

FHM Humayan Kabir 2018-11-24 10:06:20

Bangladesh is likely to get nearly US$ 2.0 billion additional assistance from the World Bank (WB), as the latter has decided to divert unutilised funds from other member states to the country, officia...

Lower ins coverage poses major risk for economy

Mehdi Musharraf Bhuiyan 2018-11-24 10:02:10

The insurance gap in Bangladesh relative to its GDP is the highest in the world, which poses a major economic risk for the country in case of a catastrophe, warns a global report of Lloyd's. Affordab...

Most pharma cos post higher EPS for Q1

Babul Barman 2018-11-24 09:45:22

Most of the listed pharmaceuticals companies saw a rise in the earnings for July-September period this year, thanks to higher expense on healthcare. Of the 15 pharmaceuticals companies listed with Dh...

Banks' surplus liquidity falls ahead of nat'l polls

Siddique Islam 2018-11-24 09:35:57

The excess liquidity in banks dropped by nearly 15 per cent or Tk 140 billion in September mainly due to higher growth of currency outside banking system before the national elections. Officials said...

BB seeks info on classified loans of election aspirants

FE Report 2018-11-23 15:30:27

The central bank has asked the commercial banks to provide information on classified loans of the aspirants of the upcoming national election to the returning officials concerned. "We've taken the me...

BSEC to probe price hike of four cos

FE Report 2018-11-23 10:02:17

The securities regulator has formed a committee to probe the recent unusual price movement and the volume of shares of four companies. The two-member probe committee will submit its report within 30...

NBR taskforce to include BIDA, police, NSI officials

Doulot Akter Mala 2018-11-23 09:50:34

The tax authority will join hands with the law-enforcing agencies and investment promotion authority to find out illegal foreign residents working in the country to ensure proper tax collection from t...

BD needs to apply anew for Chinese buyer's credit

Munima Sultana 2018-11-23 09:40:51

Dhaka needs to apply anew for Chinese loans for the projects, deals on which were signed during Xi Jinping's visit to Dhaka in 2016, to match his government's new lending policy. China has reformed i...

BSEC forms probe body to investigate price hike of four companies’ shares

FE Online Report 2018-11-22 18:29:36

The Bangladesh Securities and Exchange Commission (BSEC) has formed a committee to investigate recent unusual price hike of shares of four companies. The securities regulator formed the enquiry commi...

DSE, CSE inch up, DSEX crosses 5,300-mark

FE Online Report 2018-11-22 15:26:21

Stocks ended slightly higher on Thursday with core index of the prime bourse crossing the 5,300-mark after one month as some investors showed their buying spree on sector-wise stocks. The market op...

Germany pledges to give €285.3m for dev

-- 2018-11-22 13:35:53

Germany has pledged to give €285.3 million for development in Bangladesh, reaching the overall amount to €3 billion since 1972. The European country also announced €29 million assis...

NBR collects Tk 170m in income tax in M’singh

-- 2018-11-21 18:00:50

The National Board of Revenue (NBR) has collected over Tk 170 million income taxes in the Tax Fair in Mymensingh. Zonal Taxes Commissioner, Mymensingh Abul Mansur said a total of 21,222 tax payers...

Merchant banks allowed provisioning facility

FE Report 2018-11-21 14:13:55

The securities regulator has allowed the merchant banks to avail provisioning facility like financial institutions (FIs) and mutual funds (MFs). The facility has been offered in case of provisionin...

Myanmar tops LDCs' FDI league, Bangladesh fifth

-- 2018-11-21 13:51:55

JAKARTA : Myanmar attracted the most foreign direct investment of any of the world's so-called "least developed countries" in 2017, even as the nation's reputation plummeted over its forced expulsion...

Attainment of SDGs: Experts for South Asia cooperation framework

FE Report 2018-11-21 10:38:47

The countries in South Asia need to develop an effective regional cooperation framework to accelerate the process of Sustainable Development Goals (SDGs) achievement, experts said at an international...

BIMSTEC sets 2019 deadline to make FTA operational

Mir Mostafizur Rahaman 2018-11-21 09:57:19

The BIMSTEC [Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation] has set 2019 as a deadline to make FTA [free trade agreement] operational. Sources said member countries o...