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Stocks snap three-day winning streak on ‘floor price’ lifting news

Stocks snap three-day winning streak on ‘floor price’ lifting news

FE ONLINE REPORT 2021-04-08 14:17:21

Stocks slumped on Thursday, snapping a three-day winning streak, as risk-averse investors dumped their holdings riding on the news that the securities regulator lifted the floor price of 66 companies....

Stocks slide at opening on floor price lifting news

Stocks slide at opening on floor price lifting news

FE ONLINE REPORT 2021-04-08 11:20:51

Stocks tumbled at the opening on Thursday, after a three-day gain, as cautious investors went for selling shares following the news that the securities regulator lifted the floor prices of 66 companie...

Floor prices of 66 issues lifted after one year

Floor prices of 66 issues lifted after one year

FE Report 2021-04-08 08:56:30

The securities regulator has lifted the floor prices of 66 listed securities to ease the transactions of their shares or units. The decision was taken on Wednesday at a meeting held at office of the...

BSEC approves green bond for first time in Bangladesh

BSEC approves green bond for first time in Bangladesh

-- 2021-04-07 21:46:40

Bangladesh Securities and Exchange Commission (BSEC) has allowed a non-governmental organisation to raise Tk 1.0 billion from the capital market by issuing green bonds for the first time in Bangladesh...

Bangladesh emphasises exploring all avenues for post Covid economic recovery, says foreign minister

Bangladesh emphasises exploring all avenues for post Covid economic recovery, says foreign minister

FE ONLINE REPORT 2021-04-07 20:09:45

In order to minimise the worsening effects of Covid-19 on the world economy, Bangladesh stresses the need for exploring all avenues for economic recovery through collaboration among the D-8 member sta...

Trade deficit crosses $11b level in eight months

Trade deficit crosses $11b level in eight months

FE Online Report 2021-04-07 19:43:41

Bangladesh’s merchandise trade gap with the rest of the world registered around 9.90 per cent growth in the first eight months of the current fiscal year (FY21) over the same period of FY20. Ba...

IMF scales up projection for Bangladesh's GDP growth to 5pc

IMF scales up projection for Bangladesh's GDP growth to 5pc

-- 2021-04-07 16:52:54

The International Monetary Fund (IMF) has scaled up its projection for Bangladesh's GDP growth to 5 per cent in 2021, from its previous forecast of 4.4 per cent in October last year, amid concerns ove...

Finance minister Kamal seeks $500m WB budgetary support

Finance minister Kamal seeks $500m WB budgetary support

-- 2021-04-07 08:45:45

Finance Minister AHM Mustafa Kamal has sought US$500 million as budgetary support from the World Bank to face the impacts of Covid-19 pandemic. The minister made the call on Monday night at a virtual...

Exports rise 12.59pc in March

Exports rise 12.59pc in March

FE REPORT 2021-04-07 08:35:08

The country's export earnings in March 2021 posted a 12.59 per cent growth to US$3.07 billion over that of the corresponding month of 2020, when Bangladesh fetched $2.73 billion in March last year. T...

Customs bond authorities fear abuse by BIN-locked firms

Customs bond authorities fear abuse by BIN-locked firms

DOULOT AKTER MALA 2021-04-07 08:18:11

The customs bond authority has suspended some 700 bond licences of export-oriented units in recent times. The suspension was put into effect after detecting irregularities of various types, one being...

‘Green Bond’ to be launched in capital market soon

‘Green Bond’ to be launched in capital market soon

-- 2021-04-06 19:20:54

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubaiyat-Ul Islam on Tuesday said that ‘Green Bond’ would be launched in the capital market for ensuring sustainab...

Index Agro makes debut trading Wednesday

Index Agro makes debut trading Wednesday

-- 2021-04-06 09:18:56

Index Agro Industries will make its debut trading tomorrow (Wednesday) on completion of listing process, the officials said. The officials of Dhaka Stock Exchange (DSE) have confirmed the date of the...

Covid surge in Bangladesh clouds quarter-4 revenue collection

Covid surge in Bangladesh clouds quarter-4 revenue collection

DOULOT AKTER MALA 2021-04-06 08:12:00

The government's tax revenue collection efforts, economists have feared, might face a setback in the final quarter (April-June) of the current fiscal year (FY) because of the latest lockdown. The gov...

Banks, financial institutions asked to prepare business continuity plan to face any crisis

Banks, financial institutions asked to prepare business continuity plan to face any crisis

FE REPORT 2021-04-05 10:15:12

Banks and other financial institutions (FIs) have been asked to prepare a business continuity plan (BCP) to deal with any crisis in the coming days. BCP is defined as the capability of an organisatio...

Margin loan ceiling raised to curb free-fall of share prices

Margin loan ceiling raised to curb free-fall of share prices

FE REPORT 2021-04-05 09:02:09

The stock market regulator on Sunday increased the marginal loan limit for the investors to curb the free-fall of share prices. From now on, investors will be able to borrow more than before. The in...

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

FHM HUMAYAN KABIR 2021-04-05 08:53:32

The country received 6.62 per cent higher foreign assistance in the first eight months of the current fiscal year (FY2020-21) as compared to the corresponding period of the previous FY, officials sa...

Stocks in free fall amid panic-driven sell-offs

Stocks in free fall amid panic-driven sell-offs

FE Online Report 2021-04-04 16:37:38

Stocks witnessed a big fall on Sunday as investors dumped their holdings amid fears over the adverse impact of the coronavirus lockdown in the country. The market opened on a free fall which contin...

Stocks collapse at opening amid deepening worries

Stocks collapse at opening amid deepening worries

FE ONLINE REPORT 2021-04-04 11:21:17

Stocks tumbled at opening on Sunday as panic gripped investors fearing further fall of share prices riding on the news of a countrywide lockdown to slow the spread of the deadly coronavirus. The mark...

‘Commercial judicial system needs major reforms to do better in EODB index’

‘Commercial judicial system needs major reforms to do better in EODB index’

FE ONLINE REPORT 2021-04-03 19:26:48

In order to do better in the ease of doing business (EODB) index, Bangladesh needs to reform commercial law, improve land border facilities and more efficient banking system, said discussants and stak...

Number of Japanese firms in Bangladesh increases four times in 10 years

Number of Japanese firms in Bangladesh increases four times in 10 years

-- 2021-04-03 17:22:15

The number of Japanese companies operating in Bangladesh has increased around four times in 10 years as the government ensured better business climate for the foreign investors in the country. Accord...

Bourses to continue trading if bank operations remain unaffected

Bourses to continue trading if bank operations remain unaffected

FE ONLINE REPORT 2021-04-03 16:57:08

Trading and settlements at both the bourses will be continued if the banks provide their services amid covid-19 pandemic or any other situation, officials said on Saturday. In a statement, Dhaka Stoc...

Weekly market review: Corona panic grips investors, losing streak extended

Weekly market review: Corona panic grips investors, losing streak extended

FE Report 2021-04-03 13:24:44

Dhaka bourse passed the week with a moderate loss both in broad index and turnover as investors were panicked over the surge in covid infections and deaths. Amid selling pressure and cautious stanc...

FTA studies galore, but no deal yet for Bangladesh

FTA studies galore, but no deal yet for Bangladesh

SYFUL ISLAM 2021-04-03 12:39:43

Bangladesh examined the viability of striking free trade agreements (FTAs) with nearly two and a half dozen countries in the last decade, but it did not sign a single deal. Officials concerned have a...

Central bank to support SMEs build resilience

Central bank to support SMEs build resilience

-- 2021-04-02 22:49:22

Bangladesh Bank (BB) will provide a total of Tk 600 billion financing to Small and Medium Enterprises (SMEs) by 2023 to ensure economic resilience that will enhance GDP, employment, and inclusive deve...

Bangladesh's remittance earnings rise 35pc in July-March

Bangladesh's remittance earnings rise 35pc in July-March

FE REPORT 2021-04-02 10:54:23

Remittance inflow saw some 35 per cent growth during the July-March period of the current fiscal year (FY), 2020-21, compared to the same period a year back. During the first nine months of current F...

Dhaka Stock Exchange Index tumbles to three-month low

Dhaka Stock Exchange Index tumbles to three-month low

FE REPORT 2021-04-01 09:45:27

The benchmark index of Dhaka bourse tumbled to a three-month low on Wednesday, with most stocks ending in the red amid spike in Covid-19 infections. The DSEX, the key index of the Dhaka Stock Exchang...

We will suffer if pandemic affects global market, says finance minister

We will suffer if pandemic affects global market, says finance minister

-- 2021-03-31 20:00:25

Finance Minister AHM Mustafa Kamal has said Bangladesh’s economy will face sufferings if the coronavirus pandemic hugely affects the global market. The minister also expressed his hope that loc...

Bangladesh may see 7.20pc growth in current fiscal, says ESCAP

Bangladesh may see 7.20pc growth in current fiscal, says ESCAP

FE Online Report 2021-03-31 18:03:30

Bangladesh economy may rebound robustly in the current fiscal year (FY21) as the gross domestic product (GDP) is likely to post 7.20 per cent growth. Economic and Social Survey of Asia and the Pacifi...

Bangladesh’s GDP to increase by 3.6pc in current fiscal, World Bank says

Bangladesh’s GDP to increase by 3.6pc in current fiscal, World Bank says

-- 2021-03-31 16:13:30

Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 per cent in 2021 and 4.4 per cent in 2022, climbing from historic lows in 2020 and putting the region...

Mutual funds see price appreciation

Mutual funds see price appreciation

FE Report 2021-03-31 10:38:48

The majority number of listed mutual funds (MFs) witnessed price appreciation on Monday following investors' increased participation. On the day, the MFs also dominated the chart of top 10 gainers on...