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Less important projects won't get budget money

FE RPORT 2020-04-24 09:01:29

The finance ministry has asked all ministries and divisions not to allocate funds for the less-important development projects as a portion will be diverted to the more important sectors amid consideri...

Marginalised people ‘at risk of famine’

FE Report 2020-04-24 08:53:34

Marginalised people in hard-to-reach areas like char, haor, coastal and hilly areas are at risk of famine as they remain out of the relief activities and social awareness campaign during the COVID-19...

IFC holds dialogue on textile sector recovery in post-pandemic Bangladesh

FE Online Desk 2020-04-23 22:06:36

  IFC, a member of the World Bank Group, brought together around 40 development partners, global apparel brands, industry representatives and financial intermediaries for a virtual dialogue to a...

Bourses to remain shut until May 5

FE Online Report 2020-04-23 19:12:30

The country’s two bourses will remain closed until May 5 as the government further extended the ongoing holidays to contain the spread of deadly coronavirus. The government has further extended...

SCB distributes food among jobless port workers in Sadarghat Terminal

FE Online Desk 2020-04-23 19:06:38

Shippers' Council of Bangladesh distributed 500 (five hundred) packets of food items in presence of State Minister for Shipping Khalid Mahmud Chowdhury, MP and BIWTA Chairman Comdr. Golam Sadek among...

BMBA places three proposals

FE Report 2020-04-23 09:24:43

Bangladesh Merchant Bankers Association (BMBA) has made three proposals including exemption of submitting monthly statements due to closure of the offices of market intermediaries. The BMBA has sub...

BSEC passes five years to finalise rules on MF

Mohammad Mufazzal 2020-04-23 09:19:28

The long-waited amendment to the rules of mutual funds (MFs) gathers dust for more than five years since the securities regulator approved the draft rules to bring disciplines in the MF industry. A...

GP revenue sees 3.7pc growth in Q1 of 2020

FE ONLINE DESK 2020-04-23 09:17:13

Grameenphone Ltd reported total revenues of BDT 36.2 billion for the first quarter of 2020, registering a 3.7 per cent growth from the same period last year. The operator also ended the quarter with...

Kamal rules out fresh rescue package

FHM Humayan Kabir 2020-04-23 08:39:07

Finance minister AHM Mustafa Kamal has said the government has no plan to offer any fresh stimulus package for businesses as they have already got better policy and fiscal supports. "I think the in...

Govt, owners working jointly on how to reopen RMG factories

FE Online Report 2020-04-23 00:23:22

The government and readymade garment (RMG) factory owners have started working jointly on how to reopen the units phase by phase, sources said. Top government officials and the factory owners discuss...

Move to ensure marketing of milk, egg, poultry products

-- 2020-04-22 17:23:25

Fisheries and Livestock Ministry has taken a move for marketing milk, egg, fish and poultry products produced by marginal farmers and entrepreneurs of the country. The ministry has issued a letter wi...

DCCI for engaging public banks for disbursing stimulus funds to MSMEs

-- 2020-04-22 16:45:03

Dhaka Chamber of Commerce and Industry (DCCI) has proposed engaging state-owned commercial banks (SOBs) to disburse stimulus funds particularly for micro, small and medium enterprises (MSMEs). The DC...

NBR resumes Ctg port in full swing

FE Online Report 2020-04-22 14:44:52

The National Board of Revenue (NBR) has resumed full fledged customs operation in Chittagong port to ease congestion. The customs wing has issued an order on Wednesday in this connection. Earlier, t...

Most listed food & allied companies' earnings dip

Babul Barman 2020-04-22 09:17:58

Earnings of most of the listed food & allied sector companies plunged in July-December, 2019 compared to the same period of the previous year. Market analysts said many companies are counting fur...

Cement cos for allowing gradual installments to pay gas, power bills and taxes

FE Report 2020-04-22 08:58:02

Cement manufacturers have urged the government to facilitate them creating the scope of gradual installments to pay the bills of gas and electricity and other taxes for July to December. Bangladesh...

GP approves 130pc cash dividend

FE ONLINE DESK 2020-04-22 08:54:17

The 23rd Annual General Meeting (AGM) of Grameenphone Ltd was held on Tuesday. In compliance with the directives set by the Bangladesh Securities and Exchange Commission and considering the health...

Bond yield drops as banks invest surplus liquidity

Siddique Islam 2020-04-22 08:52:24

The interest rate on Bangladesh Government Treasury Bonds (BGTBs) dropped on Tuesday as the commercial banks preferred investing their surplus liquidity created due to the coronavirus outbreak in the...

Yet another cut in tax revenue target likely

Doulot Akter Mala 2020-04-22 08:36:46

The government is considering revising further the tax collection target for the current fiscal year (FY2019-20) in view of the impact of coronavirus pandemic on the economy. The ministry of finance...

BD economy loses Tk 33b every day during shutdown: Study

-- 2020-04-21 18:37:03

The Bangladesh economy is losing Tk 33 billion every day from its service and agriculture sectors during the nationwide shutdown over the coronavirus outbreak, a new study says. Researchers from Dhak...

Govt rolls out Tk 1.0b in subsidy for farm machinery purchase

-- 2020-04-21 15:50:21

The government has allocated Tk 1 billion to provide subsidy to farmers for buying agricultural machinery in fiscal 2019-20 to reduce production costs and increase crop yield. The Ministry of Agricul...

Listed companies holding AGMs online

FE Report 2020-04-21 10:41:19

Some listed multinational companies (MNCs) including Grameenphone will hold their annual general meeting (AGM) through digital platform avoiding public gathering to contain COVID-19 infection. The mo...

Nialco Alloys to go public

Mohammad Mufazzal 2020-04-21 10:23:52

Nialco Alloys, a manufacturer of grade bronze and brass ingots, is awaiting the regulatory consent to raise a capital worth Tk 100 million from the SME Board of the Chittagong Stock Exchange (CSE)....

BB policy supports give banks manoeuvrability

SIDDIQUE ISLAM 2020-04-21 08:59:21

The central bank's policy support is helping banks manage their funds, despite higher withdrawal pressure on cash even as deposits shrink in the aftermath of coronavirus outbreak. People are now with...

Kamal seeks $1.0b budget support from ADB in FY21

-- 2020-04-20 19:29:45

Finance Minister AHM Mustafa Kamal has sought $1.0 billion budget support in the next fiscal year (FY21) in addition to $500 million budget support in current fiscal to overcome the shock of novel cor...

Tk 30b refinancing fund for low-income groups

-- 2020-04-20 18:54:50

The Bangladesh Bank has announced a Tk 30 billion refinancing fund for low-income professionals, farmers and small-business owners affected by the coronavirus shutdown. The interest rate on the loans...

Govt plans to reopen some export-oriented industries

-- 2020-04-20 17:17:41

Prime Minister Sheikh Hasina said the government has a plan to allow the reopening of some export-oriented industries on a limited scale if the guidelines on health and safety are properly maintained...

DSE directors at loggerheads over new membership

Mohammad Mufazzal 2020-04-20 11:16:11

The directors of Dhaka Stock Exchange (DSE) are at loggerheads over a regulatory move taken to issue new TREC (Trading Right Entitlement Certificate) required to conduct trading business by aspirant l...

'Fixing banking sector key to blunting coronavirus shock'

A.Z.M. ANAS 2020-04-20 08:58:12

Underlining the importance of overhauling the banking sector, the International Monetary Fund, or IMF, has said only a sound financial system can speed up an economic rebound as Bangladesh battles...

$100m sought from WB for poultry, dairy sectors: Minister

-- 2020-04-19 21:14:56

Fisheries and Livestock Minister SM Rezaul Karim on Sunday said he sent a proposal to the World Bank (WB) seeking about $100 million under its Livestock and Dairy Development Project (LDDP) as an emer...

Emphasis on reviving local economy to boost supply of essentials  

-- 2020-04-19 20:40:24

Civil society leaders at a virtual press conference on Sunday demanded that the local economy be revived even as health and safety measures are maintained, to boost production and sustain the supply c...