Search results for: Bangladesh

Subscription of two perpetual bonds opens tomorrow

FE REPORT 2021-11-20 09:19:46

Two new mudaraba perpetual bonds -- IBBL 2nd Mudaraba Perpetual Bond and SJIBL Mudaraba Perpetual Bond -- will open for public subscription tomorrow (Sunday). The subscription through the electronic...

Banking shares drive market rally

BABUL BARMAN 2021-11-20 09:17:46

Stocks extended the winning streak for a second straight week that ended on Thursday, with smart investors putting fresh bets on heavyweight banking shares amid positive expectations. Of the five tra...

Bangladesh, Kenya agree to establish cooperation in education, IT, agriculture

-- 2021-11-19 19:55:15

Foreign Minister Dr AK Abdul Momen and Chief Administrative Secretary for Foreign Affairs of Kenya Ababu Namwamda agreed to establish cooperation in tourism, IT and agriculture sectors in addition to...

Baraka Power to issue zero-coupon bonds

FE REPORT 2021-11-19 09:10:00

Baraka Power has decided to issue zero coupon bonds amounting to Tk 1.80 billion in face value to repay the existing debts. The company will issue the bonds under private placement, the company said...

Stock brokers allowed to open two additional consolidated customers' accounts

FE REPORT 2021-11-19 09:07:03

The securities regulator has allowed stock brokers to open two additional consolidated customer's accounts (CCA) to smoothen the maintenance of investors' funds deposited for investment purposes. The...

Banking issues keep market afloat

FE REPORT 2021-11-19 09:05:22

Stocks ended higher on Thursday, maintaining the gaining streak for the fourth straight session, as buoyant investors put fresh bets on heavyweight banking sector issues. DSEX, the prime index of the...

ADB grants $150m loans for small enterprises in Bangladesh

-- 2021-11-18 16:54:18

The Asian Development Bank (ADB) has approved a USD150 million loan to Bangladesh to provide financing for cottage, micro, and small-sized enterprises (CMSEs) operated by youth, returning migrant wo...

Bangladeshi cos urged to expand operations in South Africa

FE ONLINE REPORT 2021-11-18 16:01:10

Admitting that the volume of bilateral trade between Bangladesh and South Africa is negligible, Dr Grace Naledi Mandisa Pandor, Minister of International Relations and Cooperation of the Republic of S...

Stocks stay upbeat as bank shares surge

FE ONLINE REPORT 2021-11-18 16:00:15

Stocks ended higher on Thursday, maintaining the gaining streak for the fourth straight session, as investors showed buying interest in the banking sector issues. After witnessing throughout the se...

DSE, CSE post marginal gains at opening

FE ONLINE REPORT 2021-11-18 11:52:00

Stocks posted marginal gains in the early hours of trading on Thursday as some bargain hunters were showing their buying interest on sector-wise issues. Following the previous day’s modest gain...

Union Insurance IPO subscription to open on December 15

FE REPORT 2021-11-18 09:33:23

The initial public offering (IPO) subscription of Union Insurance Company Ltd will begin December 15, aiming to raise Tk 193.60 million from the capital market. The subscription of the company's shar...

Institutional investors jack DSE turnover up

FE REPORT 2021-11-18 09:30:33

Stocks finished almost flat on Wednesday, with turnover crossing Tk 15 billion-mark on the Dhaka bourse, as investors were active on both sides of the trading fence. Following the previous day's stee...

Halt of hundi led to remittance growth during pandemic: Study

FE REPORT 2021-11-18 09:24:46

Stagnation of hundi, an illegal cross border financial transaction, during Covid lockdown periods, pushed the country's remittance up, according to a new study unveiled on Wednesday. There are some...

Sonali Bank's capital market exposure crosses limit, central bank seeks explanation

FE REPORT 2021-11-18 09:09:11

The central bank has asked the Sonali Bank to explain within three working days as to why their investment in the capital market has exceeded the permissible limit, officials said. The move came agai...

Vietnamese envoy for more export from Bangladesh to reduce trade gap

-- 2021-11-17 17:49:18

Ambassador of Vietnam to Bangladesh Pham Viet Chien has said that they want Bangladesh to export more to Vietnam for reducing the existing trade gap. The Ambassador said this when a seven-member dele...

Comoros for stronger ties with Bangladesh to boost trade

-- 2021-11-17 17:08:47

Comoros has shown keen interest to import ready-made garments and other products from Bangladesh as the African island nation would like to enhance trade and economic cooperation with Dhaka. The inte...

Stocks end almost flat after bumpy ride

FE ONLINE REPORT 2021-11-17 16:28:51

Stocks ended almost flat on Wednesday, with turnover crossing Tk 15 billion-mark, as investors were active on both sides of the trading fence. Following the previous day’s steep rise, the marke...

Stocks see downturn after first hour of trading

FE ONLINE REPORT 2021-11-17 11:40:28

Stocks witnessed a downturn in early trading on Wednesday, after the previous day’s sharp gain, as cautious investors were seen busy booking profit on quick-gaining issues. Following the previo...

Tk 1.0b to be injected into ICB

FE REPORT 2021-11-17 10:59:30

Capital Market Stabilisation Fund (CMSF) will make its maiden investment worth Tk 1.0 billion into Investment Corporation of Bangladesh (ICB) as TDR (transferable development rights) to boost liquidit...

Jute Spinners' liabilities exceed assets

FE REPORT 2021-11-17 10:38:02

Jute Spinners incurred a net loss of Tk 75.79 million during the year ended on June 30, 2021 while the company's accumulated loss stood at Tk 686.07 million. The company's liabilities stood at Tk 688...

Banks count revaluation losses on government securities

Siddique Islam 2021-11-17 08:40:08

Bangladesh's commercial banks, particularly the primary dealers (PDs), face revaluation losses on government securities as the yields on the borrowing tools increased significantly. Higher yields on...

Bangladesh for early conclusion of inclusive PTA with Indonesia

-- 2021-11-16 22:00:12

Bangladesh has stressed the importance of an early conclusion of bilateral Preferential Trade Agreement (PTA) with Indonesia by making it inclusive and mutually beneficial. Bangladesh observed that s...

Bill introduces penalties for buying savings certificates with false information

-- 2021-11-16 16:46:41

A bill specifying penalties for buying national savings certificates with false information has been placed in parliament for approval. Finance Minister AHM Mustafa Kamal tabled the ‘Public Deb...

DSEX exceeds 7000-mark as major sectors soar

FE ONLINE REPORT 2021-11-16 16:03:09

Stocks witnessed a big jump on Tuesday, with the key index of the Dhaka bourse crossing the 7000-mark, as buoyant investors put fresh bets on major sector shares riding on regulatory moves. The mar...

DSEX crosses 7000-mark at opening on BSEC moves

FE ONLINE REPORT 2021-11-16 12:19:02

Stocks opened sharply higher on Tuesday, as optimistic traders were showing their buying interest on selective shares following the regulatory moves on margin loans. The Bangladesh Securities and Exc...

BSEC to extend time-frame for offloading more shares by Berger, ICB, Walton Hi-Tech

MOHAMMAD MUFAZZAL 2021-11-16 10:34:04

Three large-cap companies including Berger Paints Bangladesh are set to be offered with time extension to offload more shares in a bid to avert negative impact on market prices. The Bangladesh Secu...

Most listed power generation companies see EPS growth

BABUL BARMAN 2021-11-16 10:26:26

Most listed power generation companies in the private sector posted moderate earnings growth in July-September 2021, thanks to higher income from subsidiaries and reduced corporate tax rate. Out of...

BSEC scraps index-based credit facilities

FE REPORT 2021-11-16 08:57:46

The securities regulator has further revised the ratio of credit facilities, scrapping the existing index-based credit ratio. In this regard, the Bangladesh Securities and Exchange Commission (BSEC...

Banks, financial institutions asked to lower NPLs, ramp up stimulus delivery

SYFUL ISLAM 2021-11-16 08:49:58

Government's finance authority asks the state-owned banks (SoBs) and financial institutions (FIs) to expedite implementation of stimulus packages by ramping up fund disbursement and recovery, and lowe...

Agriculture sector’s economic model needs change: Hossain Zillur Rahman

FE Report 2021-11-16 08:47:26

The country's agriculture sector needs to be upgraded to a development-intensified one from the current cheap labour-based economic model, Dr Hossain Zillur Rahman opined. "The agriculture sector is...