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Two more life insurers declare dividend

FE Online Report 2020-08-09 12:19:05

The boards of directors of two more life insurers have recommended cash dividend for the year ended on December 31, 2019. The companies are National Life Insurance Company and Sandhani Life Insurance...

Stocks open on flying note

FE ONLINE REPORT 2020-08-09 11:32:24

Stocks witnessed a sharp rise in the early trading on Sunday as optimistic investors were showing their buying spree on large-cap issues encouraged by the securities regulator’s tough action on...

BD seeks $2.5b as budget support, project aid from WB for FY'21

FHM HUMAYAN KABIR 2020-08-09 10:11:46

Bangladesh has sought a fund of US$ 2.5 billion from the World Bank (WB) to finance 15 different projects and programmes in the current fiscal year (FY 2020-21), officials said on Saturday. "We hav...

'Banks fully capable of executing stimulus packages'

SIDDIQUE ISLAM 2020-08-09 09:47:50

The banking sector is fully capable of implementing the government-declared financial stimulus packages despite its own pre-Covid-19 challenges, a top leader of the banking community has said. "Ban...

BSEC cracks down on faking financials

MOHAMMAD MUFAZZAL 2020-08-09 09:18:27

The securities regulator has stepped up its effort to combat the practice of submitting IPO (initial public offering) proposals with doctored financial statements. As part of the campaign, the Bangla...

Govt relooks at labour market to tap potentials with skilled workers

-- 2020-08-08 20:46:58

The government considers enhancing the skills of the country’s capable population and their productivity to fulfill the demand of the labour markets, both at home and abroad, aiming to face the...

City Bank’s business grows amid Covid-19

FE Online Desk 2020-08-08 19:38:01

City Bank Ltd, one of the first generation PCBs faced challenges to grow its business during first half of year due to capping on lending rate amid the havoc like Covid-19. However, having strong gro...

Covid erodes country’s business confidence severely

FE Online Report 2020-08-08 19:20:31

The overall status of business in the country in the last quarter (April-June, 2020) of the fiscal year 2019-2020 (FY20) was extremely poor due to negative impact of deadly coronavirus. While all the...

Weekly review: Stocks continue gaining amid growing optimism

BABUL BARMAN 2020-08-08 10:47:50

Stocks extended the winning streak for the seventh consecutive week that ended on Thursday as enthusiastic investors showed their buying spree on sector-wise issues throughout the week riding on new h...

BD gets $1.0b China loan to improve power grid

MIR MOSTAFIZUR RAHAMAN 2020-08-08 09:38:31

Bangladesh has got confirmation of another US$970 million loan from China to be used for strengthening its electricity grid. This loan will be provided to the state-run Power grid Company of Banglade...

Govt to form special fund for Delta Plan 2100

-- 2020-08-07 17:17:30

The government is going to form a special fund, 'Bangladesh Delta Fund', for implementing its long-term integrated master plan, ‘Delta Plan 2100’, to harness the huge potentials of Banglad...

Proposal of determining cut-off price of Energypac Power approved

FE Report 2020-08-07 09:55:47

The securities regulator has approved the proposal of determining cut-off price of the shares of Energypac Power Generation Limited (EPGL) as part of the process of offloading shares under book buildi...

Prime Bank sees 'robust financial strength' in H1

FE DESK REPORT 2020-08-07 09:43:54

Prime Bank Limited has announced its half yearly (H1) financial results of 2020. "The bank has been able to maintain capital adequacy and liquidity position within regulatory threshold and well ahead...

Dhaka Bank approves 5.0pc cash and 5.0pc stock dividend

FE DESK REPORT 2020-08-07 09:41:38

The 25th Annual General Meeting (AGM) of Dhaka Bank Limited was held on Thursday on a digital platform according to Bangladesh Securities and Exchange Commission's direction amid the Covid-19 pandemic...

BSEC revises panel of auditors

Mohammad Mufazzal 2020-08-07 09:39:26

The securities regulator has revised the panel of auditors for listed and non-listed companies which submitted IPO proposals dropping Ahmed Mashuque & Co., a chartered accountants firm from the li...

RMG exports to major markets plunge in H1

MONIRA MUNNI 2020-08-07 09:37:20

The country's apparel exports to its major destinations, including the US, Germany, Italy and the UK, witnessed a drastic fall during the first half (H1) of current calendar year, mainly due to the on...

BCC suggests steps against anti-competitive activities

FE Report 2020-08-07 09:37:17

Bangladesh Competition Commission (BCC) has suggested taking steps against any possible anti-competitive activities for ensuring competitive allocation and spending of the government-announced stimu...

Govt’s bank borrowing more than doubles  

SIDDIQUE ISLAM 2020-08-07 09:31:35

The government's net borrowing through selling savings tools dropped by more than 71 per cent to Tk 144.28 billion in FY '20 from Tk 499.39 billion a year ago, according to official figures. A dras...

DSE, CSE extend trading time by 30 minutes

FE Online Report 2020-08-06 17:39:42

Country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) have extended the trading time by 30 minutes to be effective from August 9 (Sunday). Trading at the...

Stocks extend winning streak on buying spree

FE ONLINE REPORT 2020-08-06 15:43:39

Stocks witnessed yet another buoyant session on Thursday, extending the winning streak for the 10 consecutive sessions, as optimistic investors continued their buying binge on large-cap issues amid op...

€150m AFD loan to support BD’s cash transfer programmes and Covid-19 response

FE Online Desk 2020-08-06 13:55:04

The Executive Board of the French Development Agency (Agence Française de Développement - AFD) has recently approved a Concessional Loan of 150 million euro to support the People's Repub...

ADB grants Bangladesh $3.0m to fight pandemic

-- 2020-08-06 13:13:50

The Asian Development Bank (ADB) has approved an additional $3.0 million in grant assistance for procuring urgently needed medical supplies for emergency response to the coronavirus pandemic in Bangla...

Covid-19 fallout: Govt eyes huge borrowing over three fiscal years next

UNB 2020-08-06 12:58:42

The government has planned to borrow Tk 5714.5 billion from various sources both at home and abroad over the next three fiscal years, including the running one, mainly to face the economic challenges...

Pandemic triggers big job losses in BD’s RMG sector: WTO

FE ONLINE REPORT 2020-08-06 12:18:40

The Covid-19 pandemic has triggered huge job losses, especially for women, in the ready-made garment (RMG) sector in Bangladesh exposing the sector's sensitivities by destabilising global supply chain...

Runner Auto to sign deal with Bajaj Auto

FE ONLINE REPORT 2020-08-06 11:57:36

The board of directors of Runner Automobiles is going to sign an agreement with Bajaj Auto Ltd for the authorised distributorship of KTM branded Motorcycles in Bangladesh. Bajaj Auto Ltd is one of In...

Bourses open higher with rising turnover

FE ONLINE REPORT 2020-08-06 11:24:33

The prices of most of the shares on bourses witnessed upward trend in early hour of trading Thursday as optimistic investors continued their buying appetite on sector-wise issues. Within first 30 min...

Another IPO cancelled

FE Report 2020-08-06 09:41:36

The securities regulator has cancelled the IPO (initial public offering) proposal of BD Paints after finding some inconsistencies in the company's financial statement. The incongruities detected in t...

BD emerges as 3rd largest apparel supplier to US

MONIRA MUNNI 2020-08-06 09:29:27

Bangladesh has emerged as the third largest sourcing country for the US-based apparel and fashion companies in 2020, advancing from the last year's sixth position despite the Covid-19 pandemic, acco...

DSEX exceeds 4,300-mark after five months

FE ONLINE REPORT 2020-08-05 15:38:10

The prime index of the Dhaka Stock Exchange (DSE) crossed the 4,300-mark on Wednesday after five months as optimistic investors continued their buying binge on selective issues riding on new hopes. D...

Eastern Bank declares 15pc cash dividend

FE Online Desk 2020-08-05 15:15:35

Eastern Bank Ltd (EBL) has declared 15 per cent cash dividend for the year ended on 31 December 2019. Shareholders unanimously approved the dividend at the 28th Annual General Meeting of the Bank hel...