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Govt sets RMG export target at $50b in FY21

Govt sets RMG export target at $50b in FY21

BSS 2020-01-07 16:35:38

The government has set a target of $50.0 billion readymade garment (RMG) export in 2020-21 fiscal year in line with its commitment to enhance earnings from the sector in the ruling Awami League’...

Living cost rises 6.5pc in 2019: CAB

Living cost rises 6.5pc in 2019: CAB

FE Online Report 2020-01-07 13:05:01

Living costs increased by 6.5 per cent in Dhaka in the just ended calendar year 2019, which was 6.0 per cent in 2018, Consumers Association of Bangladesh (CAB) study has revealed. According to the st...

LafargeHolcim grabs top position

LafargeHolcim grabs top position

FE Report 2020-01-07 11:10:36

LafargeHolcim Bangladesh on Monday topped the charts of most traded stocks and top gainers as well on the Dhaka Stock Exchange (DSE). The company featured a turnover of above Tk 262 million and hoove...

VAT waiver of land mutation fees likely

VAT waiver of land mutation fees likely

FE REPORT 2020-01-07 10:49:11

The government is considering exempting 15 per cent VAT on land mutation fees as its justification has come into question. There is one kind of tax, which the local government department collects as...

After reserves, hackers now target export proceeds

After reserves, hackers now target export proceeds

FE Report 2020-01-07 10:16:55

The central bank has asked all banks to remain cautious about fraudulent emails, seeking transfer of export payment from foreign buyers. Bangladesh Bank, in a notice issued on Sunday, said besides do...

BSEC high official gets CGIA fellowship

BSEC high official gets CGIA fellowship

FE Report 2020-01-06 11:36:49

Professor Md. Helal Uddin Nizami, a commissioner of the Bangladesh Securities and Exchange Commission (BSEC), has been awarded a fellowship by New York-based Chartered Global Investment Analyst (CGIA)...

KPCL tops turnover chart

KPCL tops turnover chart

FE Report 2020-01-06 11:34:54

Top 10 traded stocks contributed 29 per cent in market turnover featured by Dhaka Stock Exchange (DSE) on Sunday. On the day, the turnover on the DSE declined 24 per cent to close at Tk 2.92 billion...

ADN Telecom makes debut

ADN Telecom makes debut

FE Report 2020-01-06 11:33:04

Trading of the shares of ADN Telecom has started today (Monday) on both the bourses under 'N' category. The ADN Telecom, which raised a capital worth Tk 570 million through book-building method, rece...

$10m fund set up to boost exports

$10m fund set up to boost exports

FE REPORT 2020-01-06 10:44:43

A $10-million financial grant, Export Readiness Fund (ERF), was launched on Sunday to rev up export earnings of the country's four target sectors. The fund is rolling out under the Export Competitive...

Lending, deposit interest rates: BB asks committee for fresh report

Lending, deposit interest rates: BB asks committee for fresh report

SIDDIQUE ISLAM 2020-01-06 10:22:18

A central bank committee has been reassigned to prepare a fresh report on single-digit interest rates on both lending and deposit after reviewing the overall banking situation. It has also been asked...

Private sector to be allowed to set up finance cos

Private sector to be allowed to set up finance cos

JASIM UDDIN HAROON 2020-01-06 10:07:11

The government is preparing a new law that will allow establishment of finance companies in the private sector in the country. Such finance companies will mainly focus on 'development financing' and...

'Move to send 750,000 workers aboard in Mujib Year'

'Move to send 750,000 workers aboard in Mujib Year'

BSS 2020-01-05 20:32:59

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad on Sunday said the government has set a target to send 750,000 workers aboard in the ‘Mujib Year’. “Skilled w...

Manpower export awaits 'big boost' in 2020

Manpower export awaits 'big boost' in 2020

UNB 2020-01-05 16:58:36

The government is planning to send more workers abroad in 2020 as some closed labour markets are expected to reopen this year. The Bureau of Manpower, Employment and Training (BMET) says, Bangladesh...

Active BO accounts down 7.25pc in 2019

Active BO accounts down 7.25pc in 2019

Mohammad Mufazzal 2020-01-05 10:43:10

The number of active BO (beneficiary owner's) accounts declined 7.25 per cent in the just concluded calendar year from the number of accounts observed at the end of previous year. The officials famil...

Vegetable can expedite pace of economic progress: Agriculture minister

Vegetable can expedite pace of economic progress: Agriculture minister

BSS 2020-01-04 17:05:10

Terming vegetable farming as a potential sector of the country, Agriculture Minister Dr M Abdur Razzaque has said vegetable can expedite the current pace of the country’s economic progress. &nb...

One-fourth of approved projects get revised in 2019

One-fourth of approved projects get revised in 2019

FHM HUMAYAN KABIR 2020-01-04 14:26:53

The top economic policymaking body has revised a good number of projects in the first year of the government, or one-fourth of the total approved in its second term, officials said. In its 22nd meeti...

Turnover on OTC market hits two-year low

Turnover on OTC market hits two-year low

FE Report 2020-01-04 12:21:19

Transaction on over-the-counter (OTC) market on the Dhaka Stock Exchange (DSE) slumped 68 per cent year-on-year in 2019, hitting two-year low amid gloomy market outlook. The shares of the companies,...

Stocks snap four-week losing streak

Stocks snap four-week losing streak

Babul Barman 2020-01-04 12:17:08

Stocks posted a modest gain last week, snapping a four-week losing streak as bargain hunters showed their appetite on sector-wise issues. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchan...

Private credit unlikely to grow: Bankers

Private credit unlikely to grow: Bankers

SIDDIQUE ISLAM 2020-01-04 10:25:31

Private credit growth is unlikely to pick up in the near future as most of the banks are reluctant to provide fresh loans after the move to enforce a single-digit interest rate. The government and th...

'Bangladesh economy to outshine Malaysia, Singapore, Hong Kong by 2024'

'Bangladesh economy to outshine Malaysia, Singapore, Hong Kong by 2024'

UNB 2020-01-03 19:51:11

Bangladesh’s economy will outshine the economy of Malaysia, Hong Kong and Singapore with its presence as the 30th largest economy in the world by 2024, says a new report. The global report, tit...

Private sector credit growth drops below 10pc

Private sector credit growth drops below 10pc

-- 2020-01-03 12:54:45

Before bringing down the lending rates to single digit, the growth of credit flow to the private sector has dropped below 10 per cent, which analysts have called “worrying” for the economy...

Gear up efforts to ensure duty-free market access

Gear up efforts to ensure duty-free market access

FE REPORT 2020-01-03 10:58:17

The government on Thursday directed the Bangladesh missions abroad to gear up efforts for ensuring duty-free access of the country's products to the global market in the post-LDC period. In a letter...

Khulna Power lights up turnover chart

Khulna Power lights up turnover chart

FE Report 2020-01-03 10:50:06

Ten most traded companies accounted for 29 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Khulna Power Company Ltd. (KPCL) generating the highest turnover. Market anal...

Anlima Yarn AGM approves 5.0pc div

Anlima Yarn AGM approves 5.0pc div

FE DESK 2020-01-03 10:48:45

Chairperson of Anlima Yarn Dyeing Limited Hubbun Nahar Hoque (2nd from left) presiding over the 24th annual general meeting (AGM) of the company on its factory premises at Karnapara in Savar recentl...

Vow to go by law to stem stock mkt rumours

Vow to go by law to stem stock mkt rumours

FE Report 2020-01-03 10:32:58

Finance minister AHM Mustafa Kamal on Thursday made it clear that existing laws will be enforced so that none can harm the capital market by spreading rumours. "Now rumours are driving the capital ma...

Bourses pop in early trading

Bourses pop in early trading

FE Online Report 2020-01-02 11:27:50

Stocks witnessed upward trend in early hours of trading on Thursday, the second day of the New Year, as optimistic investors are showing their appetite on sector-wise issues. Following the previous d...

ADN Telecom to make debut Jan 6

ADN Telecom to make debut Jan 6

FE Report 2020-01-02 11:12:49

Trading of the shares of ADN Telecom Ltd will commence on Dhaka Stock Exchange and Chittagong Stock Exchange on January 6 (Monday) under 'N' category, officials said. The DSE trading code for ADN Tel...

Trading through DSE mobile app up 30pc

Trading through DSE mobile app up 30pc

Mohammad Mufazzal 2020-01-02 11:10:59

Share transactions through DSE-Mobile app continued to rise as the number of active users of this digital application rose 30 per cent in the just concluded calendar year compared to previous year. T...

Foreign aid rises by 9.0pc in Jul-Nov

Foreign aid rises by 9.0pc in Jul-Nov

FHM HUMAYAN KABIR 2020-01-02 10:42:42

Foreign aid commitment to Bangladesh dropped by 47 per cent to US$2.6 billion in the first five months of the current fiscal year compared to that of the same period last fiscal, officials said on Mon...

Banks’ rural branches rise to 10,467

Banks’ rural branches rise to 10,467

FE REPORT 2020-01-02 10:39:32

Banks are fast expanding into rural areas to bring the yet unbanked people under financial inclusion to help economy grow, people in the banking system said. According to the data available with the...