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IPO subscription of Baraka Patenga Power begins today

IPO subscription of Baraka Patenga Power begins today

FE ONLINE REPORT 2021-06-13 10:40:08

The IPO subscription of Baraka Patenga Power started today (Sunday), aiming to raise Tk 2.25 billion under the book-building method. The power generation company’s subscription through electron...

Steps beyond budget important for boosting private investment

Steps beyond budget important for boosting private investment

FE REPORT 2021-06-13 08:31:30

Issues such as infrastructure development, high cost of doing business and good governance should be addressed to boost private investment, as corporate tax cuts alone would not serve the purpose. Ex...

CSOs, coastal MPs demand allocation of Tk 150b for coastal embankment

CSOs, coastal MPs demand allocation of Tk 150b for coastal embankment

-- 2021-06-12 18:25:26

A group of civil society organisations (CSOs) and MPs from coastal areas on Saturday urged the government to allocate at least Tk 150 billion for coastal protection, particularly for climate-resilient...

ADB seeks final nod for floating offshore taka bond, Dhaka not in a hurry

ADB seeks final nod for floating offshore taka bond, Dhaka not in a hurry

FE REPORT 2021-06-12 08:32:23

The Asian Development Bank (ADB) has sought final approval from the government for floating offshore taka-denominated bond for Bangladesh, officials said. It has also forwarded a sample approval lett...

Marginal rise in Bangladesh government's liabilities likely in 2021-22

Marginal rise in Bangladesh government's liabilities likely in 2021-22

FE REPORT 2021-06-12 08:27:08

The government's liabilities in the next fiscal year (FY), 2021-22, are expected to rise marginally, as its domestic liabilities, which usually become higher than foreign loans, are likely shrink to s...

AFD to provide Tk 1,24b to support electricity grid digitisation

AFD to provide Tk 1,24b to support electricity grid digitisation

FE ONLINE DESK 2021-06-11 16:03:40

France Development Agency (AFD) and the Bangladesh government have signed a financing agreement of Tk 1.24 billion (EUR 12 million) to support advanced digital solutions in the power and energy sector...

Policy supports to importers extended until Dec 31

Policy supports to importers extended until Dec 31

FE REPORT 2021-06-11 10:02:51

The central bank has extended the tenure of its different policy supports to importers by six more months amid the ongoing Covid-19 pandemic, officials said. The importers will now enjoy the facili...

State-owned enterprises' loans with government guarantee soar 22pc

State-owned enterprises' loans with government guarantee soar 22pc

JASIM UDDIN HAROON 2021-06-11 09:51:39

The amount of outstanding loans of the state-owned enterprises (SOEs), backed by the government's guarantees, surged by nearly 22 per cent last year, according to budget document. The document said t...

Private sector credit growth falls further during 2nd wave of Covid-19

Private sector credit growth falls further during 2nd wave of Covid-19

SIDDIQUE ISLAM 2021-06-11 08:18:12

Private sector credit growth decreased further in April, mainly due to the second wave of the Covid-19 in the country, bankers said. The growth in credit flow to the private sector came down to 8.29...

Withdrawal of imposed supplementary duty on local tiles, sanitary products sought

Withdrawal of imposed supplementary duty on local tiles, sanitary products sought

-- 2021-06-10 21:09:10

Country’s ceramic makers sought the withdrawal of imposed supplementary duty (SD) on production and supply of all kinds of locally-made tiles and sanitary products in the proposed national budge...

Preparations underway to face LDC graduation challenges

Preparations underway to face LDC graduation challenges

UNB 2021-06-10 17:52:47

The government is preparing an action plan that will focus on helping the businesses to be more competitive in international export trade to face the new challenges after its graduation to a developin...

Stocks extend rally for third straight days

Stocks extend rally for third straight days

FE Online Report 2021-06-10 15:51:06

Stocks extended their rally for the third straight sessions on Thursday as enthusiastic investors continued to put fresh bets on sector-specific issues. Following the previous day’s record tu...

DSEX exceeds 6,100-mark at opening

DSEX exceeds 6,100-mark at opening

FE ONLINE REPORT 2021-06-10 11:08:53

The stock market opened sharply higher on Thursday with the key index of the major bourse crossing the 6,100-mark thanks to increased investor participation. The market jumped at the opening and the...

Dhaka bourse launches new IPO share allotment system

Dhaka bourse launches new IPO share allotment system

FE Report 2021-06-10 11:02:52

Dhaka bourse has introduced the electronic subscription system to allot IPO (initial public offering) shares on pro-rata basis instead of lottery. Previously, the IPO shares were allotted among the...

Dhaka Insurance declares 20pc cash dividend for 2020

Dhaka Insurance declares 20pc cash dividend for 2020

FE ONLINE REPORT 2021-06-10 10:48:22

The board of directors of Dhaka Insurance has recommended a 20 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual general m...

'6.0m people slide below poverty line in Bangladesh each year'

'6.0m people slide below poverty line in Bangladesh each year'

FE REPORT 2021-06-10 10:01:27

Around 6.0 million people slide down below the poverty line in the country every year due to higher personal costs for availing healthcare services amid poor budgetary allocation for health, according...

Stock probe body seeks help from intelligence agencies, BTRC

Stock probe body seeks help from intelligence agencies, BTRC

FE REPORT 2021-06-10 09:42:43

The committee formed to probe rumours about stock price prediction and price sensitive information has sought cooperation from intelligence agencies and the telecoms regulator in identifying the perso...

FTA with China crucial for absorbing post-graduation shock, experts say

FTA with China crucial for absorbing post-graduation shock, experts say

FE Online Report 2021-06-09 17:14:43

Free Trade Agreement (FTA) with China is crucial for Bangladesh not only to reduce the mammoth trade gap between the two countries but also to absorb the shock that Bangladesh is experiencing after gr...

DSE daily turnover scales Tk 27b-mark

DSE daily turnover scales Tk 27b-mark

FE ONLINE REPORT 2021-06-09 15:44:06

The daily trade turnover on Dhaka Stock Exchange (DSE) climbed to a fresh 10 and a half years high on Wednesday since the country’s stock market had developed bubbles that soon burst. Turnove...

New budget has no weakness, Kamal says

New budget has no weakness, Kamal says

FE Online Report 2021-06-09 15:31:08

Finance Minister AHM Mustafa Kamal said Wednesday that the proposed budget for the fiscal year 2021-22 has no weak side. “The budget has no weakness,” he said after a virtual meeting of t...

World Bank predicts 5.1pc Bangladesh GDP growth in FY22

World Bank predicts 5.1pc Bangladesh GDP growth in FY22

-- 2021-06-09 11:48:06

The World Bank expects Bangladesh to recover gradually from the pandemic crisis, with 5.1 per cent growth in the fiscal year 2021-22 on the back of 3.6 per cent in the outgoing financial year ending J...

Stocks open sharply higher with rising turnover

Stocks open sharply higher with rising turnover

FE ONLINE REPORT 2021-06-09 11:01:54

The stock market opened sharply higher on Wednesday with rising turnover as bargain hunters putting fresh bets on major sector issues, particularly financials. After crossing the 6000-mark in the pre...

Federal Insurance to pay 10pc dividend for 2020

Federal Insurance to pay 10pc dividend for 2020

FE ONLINE REPORT 2021-06-09 10:47:08

The board of directors of Federal Insurance Company has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will...

Steel manufacturers for slashing CD, AIT on scrap import

Steel manufacturers for slashing CD, AIT on scrap import

FE REPORT 2021-06-09 10:44:10

Steel manufacturers in the country on Tuesday urged the government to slash both customs duty (CD) and advance income tax (AIT) on the import of scrap - the key raw material for manufacturing steel -...

UCB declares 10pc dividend for 2020

UCB declares 10pc dividend for 2020

FE ONLINE REPORT 2021-06-09 10:18:12

The board of directors of United Commercial Bank (UCB) has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend wi...

Bangladesh Bank sets Sukuk allotment quota

Bangladesh Bank sets Sukuk allotment quota

SIDDIQUE ISLAM 2021-06-09 09:58:55

The central bank has set a Sukuk allotment quota, giving priority to the Shariah-based Islamic banks, non-banking financial institutions (NBFIs) and insurance companies, for the second auction of the...

Inflation declines to 5.26pc in May

Inflation declines to 5.26pc in May

-- 2021-06-08 18:55:24

The inflation rate declined by 0.30 per cent in May as it came down to 5.26 per cent from 5.56 per cent in April.  “The general point-to-point inflation rate in May fell to 5.26 percentage...

Nialco makes debut on CSE SME Platform Thursday

Nialco makes debut on CSE SME Platform Thursday

FE ONLINE REPORT 2021-06-08 16:25:29

The trading of the shares of Nialco Alloys will commence at the CSE SME Platform from Thursday under settlement category “N”. Nialco Alloys is the country’s first-ever small and med...

CMA professionals can help check evasion of tax, VAT

CMA professionals can help check evasion of tax, VAT

FE REPORT 2021-06-08 11:39:50

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) on Sunday urged the government to engage CMA professionals in tax and VAT audit to prevent potential evasion. The platform also...

Fortune Shoe's share price rising sans PSI

Fortune Shoe's share price rising sans PSI

FE REPORT 2021-06-08 11:37:41

Fortune Shoes is witnessing an unprecedented price hike and increase in volume of shares despite no undisclosed price sensitive information (PSI). Within the four trading days, the shoe maker's share...