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Search results for: Bangladesh

Menon eyes pvt sector’s investment in tourism

Menon eyes pvt sector’s investment in tourism

-- 2017-11-05 12:00:00

Civil Aviation and Tourism Minister Rashed Khan Menon Sunday urged the private sector to invest in the tourism sector of the country. Menon told the private sector to consider building resorts and m...

ICB recommends 35pc dividend

ICB recommends 35pc dividend

FE Online Report 2017-11-05 11:48:54

The board of directors of Investment Corporation of Bangladesh (ICB) has recommended 30 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure o...

Novozymes awards eight BD textile cos

Novozymes awards eight BD textile cos

FE Online Desk 2017-11-05 10:21:21

  The Danish company Novozymes, the world leader in biological solutions for wet processing, awarded textile manufacturers contributing to sustainable production in Bangladesh, said a statement....

BRAC Bank achieves Tk. 40b-mark in retail assets portfolio

BRAC Bank achieves Tk. 40b-mark in retail assets portfolio

FE Online Desk 2017-11-04 12:13:50

BRAC Bank Limited has celebrated yet another milestone as its Retail Assets Portfolio climbed to Tk 40 billion-mark, said a statement.   BRAC Bank is currently the largest retail bank in the co...

EBL, LebuPay ink deal

EBL, LebuPay ink deal

FE Online Desk 2017-11-04 12:00:00

Eastern Bank Ltd. (EBL) and LebuPay recently signed an agreement on online payment gateway service. Head of Consumer Banking M. Nazeem A. Choudhury and LebuPay MD and Chief Innovation Officer K...

Non-organic way to boost Hilsha output

Non-organic way to boost Hilsha output

-- 2017-11-04 12:00:00

Bangladesh Fisheries Research Institute (BFRI) has been carrying out intensive research to breed Hilsha in the hatchery using artificial methods.  The methods, which include producing larvae fro...

Japan jacks up lending rate to Bangladesh

Japan jacks up lending rate to Bangladesh

FHM Humayan Kabir 2017-11-04 10:06:55

The much-cherished softest lending by Japan is all over as the donor has hiked the interest rate to 1.0 per cent from 0.01 per cent for Bangladesh, officials said. The Asian economic powerhouse has a...

Bangladesh to get $457m loan from WB

Bangladesh to get $457m loan from WB

-- 2017-11-04 06:41:14

Bangladesh is set to receive a total of US$457 loan from the World Bank (WB) for implementing two projects regarding trade and business. To this end, two separate agreements will be signed with WB o...

ICB earns Tk 3.68b net profit in FY 2016-17

ICB earns Tk 3.68b net profit in FY 2016-17

FE Online Report 2017-11-04 04:27:41

The Investment Corporation of Bangladesh (ICB) has earned Tk 3.68 billion net profit after tax in 2016-2017 Fiscal Year (FY). Board of directors of the ICB approved the balance sheet and profit &am...

Int'l workshop on revival of waqf begins Saturday

Int'l workshop on revival of waqf begins Saturday

FE Online Desk 2017-11-03 12:07:53

A two-day international workshop on `Revival of Waqf for Socio Economic Development’ jointly organised by Islamic Research and Training Institute of Islamic Development Bank, Islami Bank Banglad...

Hard bargain holds back another mega PPP project

Hard bargain holds back another mega PPP project

FHM Humayan Kabir 2017-11-03 12:00:00

A hard bargain by a foreign donor held back Bangladesh's another public- private partnership (PPP) project as it made the funding of Dhaka Bypass conditional to government counter-guarantee. The proj...

Army may get new metro rail project

Army may get new metro rail project

Munima Sultana 2017-11-03 02:46:31

Bangladesh Army is likely to be engaged in a new metro rail development project in the city's corridor as per a recommendation made in 20-year transport plan. Though the Army has no experience in imp...

Ten cos grab 26pc turnover on DSE

Ten cos grab 26pc turnover on DSE

FE Report 2017-11-03 02:18:12

The top 10 traded companies, including five banks, accounted for more than 26 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Exim Bank making its way to the top of the tu...

BB maintains firm stance against digital hundi

BB maintains firm stance against digital hundi

-- 2017-11-02 12:00:00

Bangladesh Bank (BB) continues to maintain its strict position to stop digital hundi in order to enhance remittance inflow through mobile financial service, such as mobile banking. "The inflow of re...

Bourses witness buying spree for fourth session

Bourses witness buying spree for fourth session

FE Online Report 2017-11-02 12:00:00

Bourses of the country ended in the green zone for the fourth consecutive session on Thursday, as optimistic investors continued their buying spree. Trading on the premier bourse Dhaka Stock Exchange...

Stocks witness upturn in early trading

Stocks witness upturn in early trading

FE Online Report 2017-11-02 11:59:17

Stocks witnessed upward trend in early trading on Thursday as investors are active on banking sector stocks. Brokers said investors are taking position on sector specific issues as most of the listed...

LankaBangla’s rights subscription to begin Dec 17

LankaBangla’s rights subscription to begin Dec 17

FE Online Report 2017-11-02 11:49:45

Rights share subscription of LankaBangla Finance will begin on December 17 which will raise Tk 1.59 billion through rights issuance. The record date for entitlement of rights shares is on November 26...

Banks lack skilled workers in ICT: BIBM

Banks lack skilled workers in ICT: BIBM

-- 2017-11-02 07:52:20

A research of Bangladesh Institute of Bank Management (BIBM) Thursday said 80 per cent banks in the country do not have enough skilled and efficient manpower in the ICT section to face any accidents.A...

BD focuses on $1b trade with Vietnam

BD focuses on $1b trade with Vietnam

-- 2017-11-02 05:48:06

Bangladesh Ambassador to Vietnam Samina Naz has met Vietnam Prime Minister Nguyen Xuan Phuc and emphasised taking bilateral trade to US$ 1 billion by tapping newer potentials that the two countries ma...

Rupali Bank's thrust on SME investment

Rupali Bank's thrust on SME investment

Siddique Islam 2017-11-02 01:22:35

Rupali Bank Limited (RBL) has vowed to improve its overall financial health by the end of this calendar year through strengthening classified loans recovery drives. The state-owned commercial bank (S...

CSE offers motivational package for TREC holders

CSE offers motivational package for TREC holders

FE Online Desk 2017-11-01 12:56:43

Chittagong Stock Exchange (CSE) has offered a motivating knowledge sharing excursion at Malaysia for the CEO or high officials of its top ten performing TREC holders. The projected time schedule for t...

Stocks rise on buying appetite

Stocks rise on buying appetite

FE Online Report 2017-11-01 12:01:02

The prices of most of the shares on both bourses saw upward trend in early trading Wednesday as investors are showing their buying appetite on sector-wise issues. Brokers said investors are taking po...

Mutual funds trade with over 40pc discount

Mutual funds trade with over 40pc discount

FE Online Report 2017-11-01 12:00:00

Most of the mutual funds in Bangladesh stock market have a lower trading price against their Net Asset Values (NAVs). According to the Dhaka Stock Exchange (DSE), there are 36 mutual funds enlisted o...

Stocks end higher amid increasing turnover

Stocks end higher amid increasing turnover

FE Online Report 2017-11-01 12:00:00

Stocks ended higher Wednesday amid increase in trading activities as optimistic investors appeared to be interested in selective large-cap stocks. Brokers said the optimistic investors showed their b...

CAB to organise meeting aiming reducing power tariff

CAB to organise meeting aiming reducing power tariff

FE Online Desk 2017-11-01 12:00:00

The Consumer Association of Bangladesh (CAB) will arrange a meeting to discuss on Proposal of Reducing Electricity Tariff at 10:30 am on 02 November 2017 in the capital. Nasrul Hamid, MP, State Minis...

Tax fair begins targeting Tk 30b revenue

Tax fair begins targeting Tk 30b revenue

-- 2017-11-01 12:00:00

The weeklong Income Tax Fair-2017 has begun in the capital as elsewhere across the country with a revenue collection target of more than Tk 30 billion. The fair began to facilitate individual taxpaye...

BD implements 41pc of global TF measures

BD implements 41pc of global TF measures

FE Online Report 2017-11-01 12:00:00

Bangladesh has so far implemented around 41 per cent of the 31 common global trade facilitation (TF) measures to reduce trade cost. The revelation was made public on Wednesday in a report on the Seco...

BB cuts lending rate for FSSP fund

BB cuts lending rate for FSSP fund

-- 2017-11-01 12:00:00

Bangladesh Bank (BB) has cut the interest rate for the Long Term Financing Facility (LTFF) under the Financial Sector Support Project (FSSP). Under the FSSP fund for long-term financing, the banks ca...

Regent Textile recommends 10pc dividend

Regent Textile recommends 10pc dividend

FE Online Report 2017-11-01 11:48:29

The board of directors of Regent Textile Mills Limited has recommended 10 per cent cash dividend for the general shareholders only (excluding Sponsors/Directors) for the year ended on June 30, 2017, s...

Muhith wants ICT use for region’s development

Muhith wants ICT use for region’s development

-- 2017-11-01 08:01:30

Finance Minister AMA Muhith has urged all concerned to utilise the power of ICT for development of Asia-Pacific region. "ICT is not only a communication instrument, but also an innovative idea for de...