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Location makes Mirsarai hot cake for investors

Location makes Mirsarai hot cake for investors

Jasim Uddin Haroon and Jubair Hasan 2018-05-13 10:04:31

Just 20 years back, land-starved Bangladesh was blessed with a considerable volume of land reclaimed from the Bay of Bengal at the Mirsarai point of Chattogram. And local people say the vast char lan...

Children likely to get priority in next budget

Children likely to get priority in next budget

Jasim Uddin Haroon 2018-05-12 16:54:40

The government is likely to prioritise issues relating to children in the upcoming budget to be placed on June 07 next as it believes investment in infants will have their lifelong impacts, said peopl...

Stocks tumble as large-caps keep falling

Stocks tumble as large-caps keep falling

Babul Barman 2018-05-12 11:20:22

The benchmark index of the Dhaka Stock Exchange (DSE) fell below the 5,600- mark last week that ended on Thursday as most of the investors continued to be on the selling spree amid poor quarterly ea...

14 sectors see correction, five gain

14 sectors see correction, five gain

FE Report 2018-05-12 11:16:40

The major sectors continued to suffer losses with the banking sector witnessing the highest correction as the market extended the losing streak for the third straight week. Of the 19 sectors listed...

Unapproved projects rule chart

Unapproved projects rule chart

FHM Humayan Kabir 2018-05-12 09:43:24

The government has included a record number of 1,664 unapproved fresh projects in the Annual Development Programme (ADP) for the next fiscal year, mostly on political considerations, insiders said F...

Land disputes threaten Sreehatta zone

Land disputes threaten Sreehatta zone

Jasim Uddin Haroon and Jubair Hasan 2018-05-12 09:39:01

The fate of Sreehatta economic zone is hanging in the balance because of the legal complexities over land acquisition. Such uncertainty has resulted in an unofficial halt in the development work of t...

FDI from China up slightly in 2017

FDI from China up slightly in 2017

FE Online Report 2018-05-11 16:39:02

Net inflow of Foreign Direct Investment (FDI) from China increased moderately in the past calendar year. Bangladesh Bank data showed that FDI from China in net term stood at $68.58 million in the pas...

Moheskhali’s blooming into industrial hub looks likely

Moheskhali’s blooming into industrial hub looks likely

Jasim Uddin Haroon and Jubair Hasan 2018-05-11 16:07:10

Southeastern Moheskhali may blossom into an 'integrated' industrial hub as the country's investment promotion agency has planned to set up seven economic zones on the Cox's Bazar island. The land are...

Pubali Bank AGM approves revised dividend

Pubali Bank AGM approves revised dividend

FE Report 2018-05-11 10:33:57

The shareholders of Pubali Bank Limited have 'unanimously' approved the company's revised dividend offer for the year ended on December 31, 2017. As per the revised offer, the bank will disburse 5...

Standard Bank approves 10pc stock dividend

Standard Bank approves 10pc stock dividend

-- 2018-05-11 10:28:37

Standard Bank Limited approved 10 per cent stock dividend for the shareholders for the year 2017 at the 19th annual general meeting (AGM) of the bank in the city on Thursday, according to a statement....

NGOs call for recognising  women’s unpaid work

NGOs call for recognising women’s unpaid work

FE Report 2018-05-11 00:27:26

There is a need for recognising women's unpaid work that usually falls outside the boundary of production, representatives of NGOs (non-governmental organisations) said Thursday. They said that the...

Stocks renew slide on bearish trend

Stocks renew slide on bearish trend

FE Online Report 2018-05-10 16:14:05

Stocks witnessed yet another bearish session Thursday, extending the losing streak for the seven consecutive sessions, as investors continued their selling binge amid poor quarterly earnings disclosur...

NEC approves Tk 1.73 trillion ADP for FY19

NEC approves Tk 1.73 trillion ADP for FY19

FE Online Report 2018-05-10 14:45:05

The National Economic Council (NEC) has approved a Tk 1.73 trillion worth of Annual Development Programme (ADP) for the next fiscal year (FY19). The approval came at a meeting at the NEC conference r...

India, Bangladesh finalise framework deal on $500m LOC

India, Bangladesh finalise framework deal on $500m LOC

-- 2018-05-10 13:59:12

India and Bangladesh on Wednesday finalized framework agreement to implement the Line of Credit (LOC) worth $500 million given by India last year for defence equipment needs of Bangladesh, according t...

Global Insurance recommends 5.0pc stock dividend

Global Insurance recommends 5.0pc stock dividend

FE Online Report 2018-05-10 12:29:56

The board of directors of Global Insurance Limited has recommended 5.0 per cent stock dividend for the year ended on December 31, 2017. The final approval of the dividend will come during the annual...

Exim Bank to issue Tk 6.0b bond

Exim Bank to issue Tk 6.0b bond

FE Online Report 2018-05-10 12:18:43

The board of directors of the Exim Bank Limited has adopted the resolution for the issuance of Mudaraba Subordinated Bond of Tk 6.0 billion, said an official disclosure on Thursday. “The boar...

Aamra Technologies to receive NIX License

Aamra Technologies to receive NIX License

FE Online Report 2018-05-10 11:35:30

The board of directors of Aamra Technologies has decided to receive National Internet Exchange (NIX) License from Bangladesh Telecommunication Regulatory Commission (BTRC). The National Internet Ex...

Bourses witness volatility in early trading

Bourses witness volatility in early trading

FE Online Report 2018-05-10 11:32:00

Stocks on both bourse witnessed volatility in early trading Thursday as investors remained followed cautious stance ahead of Ramadan. The presence of the investors on the trading floor is also thin...

Experts for corporate tax cut to deepen capital market

Experts for corporate tax cut to deepen capital market

FE Report 2018-05-10 10:33:10

Experts at a roundtable on Wednesday stressed the need for reducing corporate tax and listing companies having good fundamentals to deepen the capital market. They also emphasised on bringing disci...

IMF projects 7.0pc growth in FY '18

IMF projects 7.0pc growth in FY '18

FE Report 2018-05-10 10:22:45

Bangladesh economy is set to grow by 7.0 per cent in the current fiscal year (FY), according to the latest projection of the International Monetary Fund (IMF). Fund's regional economic outlook for...

Prices of four stocks soaring sans PSI

Prices of four stocks soaring sans PSI

FE Report 2018-05-10 10:21:33

Despite the market went through a correction mode, share prices of United Power, HR Textile, Shepherd Industries and Regent Textile were soaring without any price sensitive information (PSI). The s...

BSEC's two key posts fall vacant

BSEC's two key posts fall vacant

FE Report 2018-05-10 10:19:46

Two posts of commissioners of the securities regulator fell vacant recently due to expiry of respective tenures of two key persons. The tenure of Professor Helal Uddin Nizami, commissioner one of B...

Forex reserve falls below US$ 32b

Forex reserve falls below US$ 32b

Siddique Islam 2018-05-10 10:15:56

Country's foreign exchange reserve (forex) fell below US$ 32 billion again on Wednesday, following a regular bi-monthly payment to Asian Clearing Union (ACU) and the central bank's direct selling of U...

Singer witnesses record turnover in 2017

Singer witnesses record turnover in 2017

Babul Barman 2018-05-10 01:12:24

Singer Bangladesh Ltd hopes the demand of consumer durables will be accelerated in the coming days in the country as the government has taken a serious move to ensure access of electricity for all by...

NEC to approve Tk 1.73t Annual Development Programme today

NEC to approve Tk 1.73t Annual Development Programme today

FE Online Report 2018-05-09 19:07:45

The National Economic Council (NEC) is set to approve a Tk 1.73 trillion worth of Annual Development Programme (ADP) for the next fiscal today (Thursday), officials said Wednesday. The Council, heade...

'Fake audit reports hamper tax collection'

'Fake audit reports hamper tax collection'

FE Report 2018-05-09 17:08:36

Tax evasion by many a company forging financial statements is one of the key reasons behind the prevalence of black money in the country, the National Board of Revenue (NBR) chairman said on Tuesday....

Move to open direct banking channel with Russia

Move to open direct banking channel with Russia

Talha Bin Habib 2018-05-09 17:05:23

A move is underway to establish direct banking channel between Bangladesh and the Russian Federation, aiming to facilitate bilateral trade between the two countries, officials said. In the absence of...

Large loans make up 57.27pc of banks’ total lending

Large loans make up 57.27pc of banks’ total lending

FE Report 2018-05-09 16:53:26

Large loans account for around 57.27 per cent of the total lending by banks, mainly concentrated in Dhaka and Chattogram, according to a study. Foreign commercial banks (FCBs) have 73.09 per cent of...

Stocks slide for sixth day

Stocks slide for sixth day

FE Online Report 2018-05-09 15:33:02

Stocks witnessed yet another bearish session Wednesday, sliding for the sixth day in a row, as investors continued their selling binge amid poor quarterly earnings disclosures. Market operators said...

Green Delta re-elects chairman, elects vice chairperson

Green Delta re-elects chairman, elects vice chairperson

FE Online Desk 2018-05-09 13:06:44

The Board of Directors of Green Delta Insurance Company Limited has recently re-elected Mr. Md. Abdul Karim as Chairman. Ms. Shamsun Nahar Begum Chowdhury was elected as the new Vice Chairperson of...