Search results for: Bangladesh

Bangladesh's economic stability under threat: CPD

FE REPORT 2021-12-24 08:43:16

Economic stability in Bangladesh is not comfortable anymore because of some macroeconomic problems, policy think-tank CPD says and offers a set of recommendations for the government to follow. In its...

Bangladesh attracts $21.17b investment proposals in two years

-- 2021-12-23 18:58:09

Bangladesh has attracted more than US$21.17 billion worth of investment proposals in the last two years since the beginning of the Covid-19 pandemic in January 2020, according to statistics released b...

ADB to provide $940m loan for Bangladesh’s irrigation sector

-- 2021-12-23 16:23:40

Bangladesh and Asian Development Bank (ADB) have signed a $13.5 million additional loan agreement to improve the management, operation, and maintenance of large-scale irrigation schemes and protect pr...

Stocks slump amid lack of confidence

FE ONLINE REPORT 2021-12-23 15:57:43

Stocks ended sharply lower on Thursday, after the previous day’s flat ending, as nervous investors dumped their holdings to avoid further fall. DSEX, the prime index of the Dhaka Stock Exchange...

Fareast Islami Life Insurance holds 21st AGM

FE ONLINE DESK 2021-12-23 15:48:27

Fareast Islami Life Insurance Company Ltd held its 21st Annual General Meeting (AGM) virtually on Wednesday (yesterday).  Dr Md Rahmat Ullah, chairman of the Fareast Islami Life Insurance Compan...

Aramit Ltd approves 50pc final cash dividend

FE ONLINE DESK 2021-12-23 12:48:30

Aramit Limited, a unit of Aramit Group, has approved 50 per cent final cash dividend for the year ended on June 30, 2021. The approval was made by the shareholders in the 50th annual general meeting...

Stocks open mixed as investors remain cautious

FE ONLINE REPORT 2021-12-23 11:26:43

Stocks opened mixed trend on Thursday as investors mostly followed a cautious stance amid lack of clear market direction. Following the previous day’s slight loss, DSEX, the prime index of the...

UCB to issue Tk 10b subordinated bond

FE REPORT 2021-12-23 10:19:34

The board of directors of United Commercial Bank (UCB) has decided to issue 'UCB 5th Subordinated Bond' worth Tk 10 billion to strengthen its capital base. The bank will issue the bond as part of Tie...

ADB lends Bangladesh $2.6b, pledges $1.96b more

FE REPORT 2021-12-23 08:51:42

The Asian Development Bank (ADB) has confirmed US$$2.6 billion and pledged another tranche of $1.96 billion in assistance for Bangladesh to facilitate socioeconomic recovery and bankrolling its develo...

Spotlight on rapid IPO, mandatory listings

FE REPORT 2021-12-23 08:46:11

Reduced timing of clearing IPO proposals, rules for mandatory listing and proper branding of listed companies are among lures that can inspire corporate entities to go public, experts say about market...

Bangladesh to receive $27.21m from Japan

-- 2021-12-22 20:58:44

The government of Japan will provide an overall amount of $27.21 million to Bangladesh against two projects. Out of the amount, Japan will provide 462 million Japanese Yen (equivalent to approximatel...

Bangladesh gets Tk 11b Swiss investments

-- 2021-12-22 17:24:08

Switzerland will invest around 119 million Swiss francs (CHF) or Tk 11 billion to implement its programme in Bangladesh over the next four years. As Switzerland and Bangladesh are about to celebrate...

Stocks slip into red after single-day break

FE ONLINE REPORT 2021-12-22 16:35:14

Stocks slipped into the red on Wednesday, after a single-day break, as investors remained cautious amid a lack of clear market direction. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went...

World Bank lends $500m to modernise power system in Bangladesh

FE ONLINE REPORT 2021-12-22 16:02:50

The World Bank has approved US$500 million to help Bangladesh expand and modernise the electricity distribution system and support the sustainable transformation of its electricity system. The &l...

Navana Pharma holds IPO show for raising Tk 750m

FE ONLINE REPORT   2021-12-22 15:27:21

Navana Pharmaceuticals Ltd, one of the leading drug makers in the country, held a road show for raising Tk 750 million from the capital market through IPO under the book-building method. The company...

DSE, CSE open marginally higher

FE ONLINE REPORT 2021-12-22 11:51:57

Stocks opened marginally higher on Wednesday as bargain hunters are showing their buying interest in the sector-wise issues. Following the previous day’s modest rise, DSEX, the prime index of t...

OFID to give Bangladesh $75m as budgetary aid

FHM Humayan Kabir 2021-12-22 10:14:57

The OPEC Fund for International Development (OFID) is going to provide US$ 75 million loans shortly to support Bangladesh's high-deficit budget, officials said on Tuesday. The Vienna-based lender wou...

Richard Rozario new DBA president

FE REPORT 2021-12-22 10:10:17

Richard D' Rozario, managing director of Global Securities Ltd, has been elected president of DSE Brokers Association of Bangladesh (DBA), a platform of trading right entitlement certificate (TREC)...

Data support holds the key to post-LDC sustainability, says CPD's Debapriya

FE REPORT 2021-12-22 08:31:18

A deregulated liberalized economy emerging out of Bangladesh's LDC graduation needs full-blown information support to sustain, noted economists said Tuesday and suggested immediate cure for 'data blin...

Denmark, PPPA sign MoU to enhance Bangladesh’s economic growth

-- 2021-12-21 18:09:11

The Public Private Partnership Authority (PPPA), an autonomous government agency of Bangladesh, and Denmark have signed an MoU to enhance green infrastructure cooperation for Bangladesh’s sustai...

New initiatives, past investments empower Bangladesh to tackle pandemic

SHEIKH HASINA 2021-12-21 17:59:53

[Prime Minister Sheikh Hasina has written the following article in New York-based magazine FORTUNE on Monday.] Bangladesh could have fallen prey to COVID-19 but we acted fast to protect both our most...

Korea to provide $100m EDCF loan to Bangladesh for pandemic recovery

-- 2021-12-21 17:40:28

Bangladesh and South Korea have signed a loan agreement to provide US$100 million in concessional loans from the Economic Development Cooperation Fund (EDCF) to help the economic recovery of Banglades...

DSE daily turnover hits eight-month low

FE ONLINE REPORT 2021-12-21 15:45:16

Turnover on Dhaka Stock Exchange (DSE) plunged to Tk 6.52 billion on Tuesday, hitting an eight-month low, as investors were reluctant to make fresh investments in the market. The investors were strug...

Stocks open higher after 2-day fall

FE ONLINE REPORT 2021-12-21 11:56:19

Stocks opened higher on Tuesday, after a two-day sharp fall, as bargain hunters are showing their buying interest in the sector-wise issues. Following the previous two days’ sharp decline, DSEX...

Finance minister optimistic about 7.2pc GDP growth

FE REPORT 2021-12-21 08:37:39

Finance Minister AHM Mustafa Kamal is upbeat about attaining 7.2 per cent growth in gross domestic product (GDP) in the current fiscal year, true to the target set in the budget, following economic re...

Remittance to exceed $25b by end of FY22, says minister

-- 2021-12-20 17:59:01

Finance Minister AHM Mustafa Kamal has said that he is hopeful that the country’s remittance will exceed $25 billion by the end of the current fiscal year (FY22), up from the current $21 billion...

Kamal hopeful of 7.2pc GDP growth in FY22

-- 2021-12-20 17:43:12

Finance Minister AHM Mustafa Kamal has expressed his high optimism of achieving targeted 7.2 per cent GDP growth in the current fiscal year (FY22) since the country is on the right path towards develo...

Stocks keep falling amid confidence crisis

FE ONLINE REPORT 2021-12-20 16:16:36

Stocks extended the losing streak for the two consecutive sessions on Monday as cautious investors continued their selling binge on sector-wise issues. DSEX, the prime index of the Dhaka Stock Exchan...

Bourses down at opening amid thin participation

FE ONLINE REPORT 2021-12-20 11:45:53

Stocks witnessed a downward trend in the early trading on Monday as investors continued their sell-off in sector-wise issues to avoid further fall. Following the previous day’s steep decline,...

IMF asks Bangladesh to uncap lending, borrowing rates for fuelling credit flow

SIDDIQUE ISLAM 2021-12-20 09:38:58

The International Monetary Fund (IMF) suggests Bangladesh to phase out caps on the lending and borrowing rates to strengthen monetary transmission as lifeblood in the economic-recovery process. "Ca...