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Search results for: Bangladesh

Stressed advances now 17pc of banks'  outstanding loans

Stressed advances now 17pc of banks' outstanding loans

FE Report 2017-12-05 12:00:00

As of 2016, the country's banks' stressed advances -- the summation of non-performing, restructured and rescheduled loans -- stood at 17 per cent of their total outstanding loans, according a research...

Confusion causes delay in Jamuna tunnel study

Confusion causes delay in Jamuna tunnel study

Munima Sultana 2017-12-05 12:00:00

Any tangible task is yet to start on a planned tunnel under the river Jamuna as confusion over whether to do feasibility or pre-feasibility study clouds the way, sources said. They said though Bangla...

Interest rate spread drops slightly in October

Interest rate spread drops slightly in October

FE Report 2017-12-05 12:00:00

Overall interest rate spread in the country's banking sector fell slightly in October as the commercial banks slashed their interest rates more on lending than that of deposits, officials said. The w...

ADB to support Reliance LNG terminal, power project in BD

ADB to support Reliance LNG terminal, power project in BD

FE Online Desk 2017-12-05 12:00:00

The Asian Development Bank’s (ADB) Board of Directors in Manila has approved debt financing and partial risk guarantees totaling $583 million to develop the Reliance Bangladesh Liquified Natural...

Legacy Footwear extends time to resume production

Legacy Footwear extends time to resume production

FE Online Report 2017-12-05 12:00:00

The board of directors of Legacy Footwear Limited has extended more than one month time to complete the remaining unfinished work to resume production. The company’s production had been suspend...

Stocks up at opening Tuesday

Stocks up at opening Tuesday

FE Online Report 2017-12-05 11:42:47

Bangladesh’s stocks witnessed upward trend in early hour of trading on Tuesday as some optimistic investors are taking position on sector-wise stocks. Among the listed multinational companies,...

Tax receipts from DSE double in July-Nov

Tax receipts from DSE double in July-Nov

FE Report 2017-12-05 11:23:08

The government's revenue earnings from the prime bourse marked a whopping 112 per cent rise in the first five months of the current fiscal year (FY) compared to the same period a year ago amid rising...

UCBL signs agreement with CMP

UCBL signs agreement with CMP

-- 2017-12-05 05:36:44

United Commercial Bank Limited (UCBL) has signed an agreement with Chittagong Metropolitan Police (CMP) recently on ‘E-trafficking Prosecution and Fine Payment System’.  As per the a...

ACME Laboratories holds AGM

ACME Laboratories holds AGM

FE Online Desk 2017-12-05 03:43:27

The ACME Laboratories Limited (ACME) organised its 41stAnnual General Meeting (AGM) at the PSC Convention Hall in Dhaka on Monday. The shareholders of the ACME Laboratories has approved cash dividend...

DSE, CSE bounce back in green zone

DSE, CSE bounce back in green zone

FE Online Report 2017-12-05 02:58:37

Bourses returned to the green zone on Tuesday, but the turnover edged lower than the previous session as investors opted for buying riding on sector-specific issues. DSEX, the prime index of the DS...

CRISIL assigns “AA-” rating to ACME

CRISIL assigns “AA-” rating to ACME

FE Online Report 2017-12-04 12:12:23

Credit Rating Information and Services Limited (CRISL) has assigned the rating of The ACME Laboratories as “AA-” in the long-term, said an official disclosure on Monday”. The rati...

Nine banks' capital shortfall swells to Tk 177b in Q3

Nine banks' capital shortfall swells to Tk 177b in Q3

Siddique Islam 2017-12-04 12:00:00

Nine banks, four owned by the government, had an aggregate capital shortfall worth over Tk 177 billion at end of the third quarter (Q3) of the current calendar year as growing bad loans sapped their...

Bangabandhu hi-tech park to create 14,000 jobs

Bangabandhu hi-tech park to create 14,000 jobs

-- 2017-12-04 12:00:00

Bangabandhu Hi-tech Park will create 14,000 new jobs in Rajshahi. State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak said this while he was distributing rehabilitati...

BD's investment policy most liberal, PM tells Cambodian businessmen

BD's investment policy most liberal, PM tells Cambodian businessmen

-- 2017-12-04 12:00:00

Prime Minister Sheikh Hasina has said investment policy of Bangladesh is the most liberal in South Asia. “It (the policy) includes protection of foreign investment by law, generous tax holiday,...

DSE rises at opening, CSE slips

DSE rises at opening, CSE slips

FE Online Report 2017-12-04 11:37:36

The Dhaka Stock Exchange (DSE) witnessed positive trend while the port city’s bourse saw negative trend in early trading on Monday as investors mostly followed cautious stance. Within first 15...

OTC trading system to go live soon

OTC trading system to go live soon

Mohammad Mufazzal 2017-12-04 10:14:06

The automated trading system of the OTC (over-the-counter) market of the country's premier bourse is set to go live by February next under new regulation. The draft of regulation will also facilitate...

Stocks continue losing streak

Stocks continue losing streak

FE Online Report 2017-12-04 03:51:22

Stocks extended the losing streak for the two consecutive sessions on Monday as risk-averse investors continued to opt for booking profit on sector-wise stocks. Dealers said the cautious investors co...

Tosrifa starts partial commercial production of new dyeing unit

Tosrifa starts partial commercial production of new dyeing unit

FE Online Report 2017-12-03 12:17:43

Tosrifa Industries has partially started commercial operation of expanded dyeing unit of the company with initial public offering (IPO) fund located at Shreepur in Gazipur. Tosrifa, a flagship of Nor...

Foreign exchange reserves fall

Foreign exchange reserves fall

-- 2017-12-03 12:00:00

Bangladesh's foreign exchange reserves fell in November, although it rose by four per cent than that of previous year. November’s foreign exchange reserve fell to US$32.60 billion from the prev...

Bata, Marico contribute to workers' welfare fund

Bata, Marico contribute to workers' welfare fund

FE Online Report 2017-12-03 12:00:00

Bata Shoe Company Limited and Marico Bangladesh Limited have contributed Tk 17.62 million to the Bangladesh Workers' Welfare Foundation. Bata Shoe Company Bangladesh Limited Managing Director Chitpan...

Foreign credit use to rise for financing budget deficit

Foreign credit use to rise for financing budget deficit

-- 2017-12-03 12:00:00

A top official in Dhaka has said that the government wants to increase the use of foreign credit in offsetting the budget deficit. Economic Relations Division (ERD) Secretary Kazi Shafiqul Azam on Su...

IDLC wins ICSB award

IDLC wins ICSB award

FE Online Desk 2017-12-03 11:39:16

IDLC Finance Limited has won 4th ICSB National Award for Corporate Governance Excellence,  2016 under the Non Banking Financial Institution category. IDLC bagged gold medal for complying w...

Sonali Aansh recommends 10pc cash dividend

Sonali Aansh recommends 10pc cash dividend

FE Online Report 2017-12-03 11:15:26

The board of directors of Sonali Aansh Industries Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Sunday. The final approval of...

Bad debt grows faster than credit in Bangladesh!

Bad debt grows faster than credit in Bangladesh!

-- 2017-12-03 10:23:21

Only 20 per cent of the loans written off by banks in Bangladesh have been recovered in the last 12 years, says a new report. The study by LR Global Bangladesh says the country has the highest share...

Remittance inflow rises 4.47pc in Nov

Remittance inflow rises 4.47pc in Nov

-- 2017-12-03 08:47:39

The country's remittance inflow has witnessed a 4.47 per cent rise in the month of November compared with last month of October 2017.  The increase is 27.68 per cent higher than that of November...

Khulna receives 146,000 tax returns

Khulna receives 146,000 tax returns

-- 2017-12-03 08:22:24

The income tax zone in Khulna received a massive response from the individual taxpayers in the current fiscal year as the record numbers of return submission and revenue collection had been made. On...

SJIBL holds its 731st EC meeting

SJIBL holds its 731st EC meeting

-- 2017-12-03 07:31:22

Shahjalal Islami Bank Limited (SJIBL) has held its 731st meeting of the Executive Committee (EC) recently at the Board Room of Head Office of the Bank. Vice-Chairman of the Executive Committee Fakir...

DSEX falls below 6,300-mark

DSEX falls below 6,300-mark

FE Online Report 2017-12-03 03:26:43

Stocks slipped into the red on Sunday, snapping the previous two days gaining streak, as some risk-averse investors opted for booking profits on sector-wise stocks. Turnover, a crucial indicator of t...

AIUB team visits CSE

AIUB team visits CSE

FE Online Desk 2017-12-03 01:07:25

A 12-member AIUB team along with Dr. Nisar Ahmed, Director, MBA Program, AIUB visited  Chittagong Stock Exchange Ltd to gain practical experience on the operation of the exchange. The tea...

Bangladesh slips one step in global entrepreneurship index

Bangladesh slips one step in global entrepreneurship index

FE Report 2017-12-02 12:00:00

Bangladesh fell one notch down the latest Global Entrepreneurship Index to 134th position among 137 countries taken for global ranking, indicating some drawback to the country's business environment....