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BRT project cost doubles

BRT project cost doubles

Munima Sultana 2018-02-25 10:19:16

Cost of the Bus Rapid Transit (BRT) project has more than doubled due to an increase in budgets for its all components, sources said. They said Roads and Highways Department (RHD), leading implementi...

Loan-recovery drive falters as defaulters bamboozle Sonali

Loan-recovery drive falters as defaulters bamboozle Sonali

Jasim Uddin Haroon 2018-02-25 09:46:49

Sonali Bank's classified credits bloated to Tk 137.98 billion in 2017 with its recovery drive dropping to 8.0 per cent as the defaulters allegedly duped the bankers. Sources in the biggest bank of...

Businesses fear political chaos will lead to economic downfall

Businesses fear political chaos will lead to economic downfall

FE Online Report 2018-02-24 19:12:12

Dhaka Chamber of Commerce and Industry (DCCI) requested political parties to refrain from hampering economic development for personal benefits ahead of national elections.    “We call...

Disparity in distribution of wealth getting bigger: Study

Disparity in distribution of wealth getting bigger: Study

-- 2018-02-24 17:48:22

In Bangladesh rising GDP growth and rising income and wealth inequalities walk hand in hand, said the Norwegian envoy in Dhaka citing a study. A recent study by the Centre for Policy Dialogue (CPD) h...

Government to initiate project for creating women ICT entrepreneurs

Government to initiate project for creating women ICT entrepreneurs

-- 2018-02-24 17:05:45

The government has designed a project to create more female entrepreneurs in the Information and Communication Technology (ICT) sector.  The 'She Power Project’, developed under the guidan...

CSE-50 Index sees revision

CSE-50 Index sees revision

FE Online Desk Report 2018-02-24 13:51:00

The CSE-50 Index has been revised on the basis of performance of the CSE-listed companies. The new index will be effective from March 05, 2018. CSE 50 index is reviewed twice in a year. Trust Bank L...

Bangladesh budgeting 'least transparent' in South Asia

Bangladesh budgeting 'least transparent' in South Asia

Mehdi Musharraf Bhuiyan 2018-02-24 10:19:32

Bangladesh's budgeting process is least transparent in South Asia as the system lacks sufficient public participation or oversight, says a survey that attributed the lapses to institutional shortcomin...

Many nowadays prefer metal chests to banks for savings!

Many nowadays prefer metal chests to banks for savings!

Yasir Wardad 2018-02-24 10:00:27

People are now increasingly taking recourse to putting their money in metal chests, commonly known as sinduk, to avoid extra costs and risks of saving with the banking system. A spot check revealed t...

Muhith calls for boosting cotton production to cut import reliance

Muhith calls for boosting cotton production to cut import reliance

FE Report 2018-02-24 09:51:36

Finance Minister AMA Muhith has called for an end to the sugarcane cultivation in the country, saying that the lands used for growing the produce should be used for cotton production instead. "It is...

China likely to confirm $3.0b loan next month

China likely to confirm $3.0b loan next month

FHM Humayan Kabir 2018-02-24 09:35:10

The much-awaited US$3.0 billion (Tk 247.49 billion) Chinese loan for the Padma Bridge railway link mega project is likely to be confirmed next month, as Bangladesh has removed the 'obstacle' to get th...

Average turnover dips 27pc on premier bourse

Average turnover dips 27pc on premier bourse

Babul Barman 2018-02-24 00:00:00

Stocks nosedived last week that ended Thursday, after single-week break, as investors sold shares throughout the week amid ongoing liquidity shortage. Market operators said the persistent liquidity...

Muhith for weaning imported cotton

Muhith for weaning imported cotton

-- 2018-02-23 19:09:34

Finance Minister AMA Muhith Friday emphasised the need to increase cotton production in order to meet ready-made garment (RMG) sector as the sector relies heavily on imported cotton. "Now, the raw ma...

Removing inequalities vital for BD: Norway

Removing inequalities vital for BD: Norway

-- 2018-02-23 16:34:44

Norway has said Bangladesh needs to make sure that the benefits of economic growth continue to reach the poor to remove inequalities in the country.  "It's important to keep up the focus on poor...

BB lowers general provision to raise housing loans

BB lowers general provision to raise housing loans

-- 2018-02-23 14:03:07

The central bank has lowered the required general provision against unclassified housing finance from 2.0 per cent to 1.0 per cent allowing banks to extend more loans for housing. Following an execut...

Islamic banking investment jumps 19pc

Islamic banking investment jumps 19pc

FE Online Report 2018-02-23 13:29:37

The total investment in the country’s Islamic banking sector jumped 19 per cent at the end of December 2017, over the same period of the previous year (2016). Statistics release by the central...

Import from USA crosses $1b

Import from USA crosses $1b

FE Online Report 2018-02-23 12:13:00

Country’s annual import from the United States of America (USA) crossed the US$1 billion-level again after two years in 2017. Statistics release by the US Census Bureau showed that the annual e...

BSEC forms appraisal body after DSE proposal

BSEC forms appraisal body after DSE proposal

FE Report 2018-02-23 10:02:26

The securities regulator BSEC formed a four-member committee on Thursday to look into the proposal from the Dhaka Stock Exchange to pick a Chinese consortium as a strategic partner of Bangladesh's pre...

Ten cos grab 27pc turnover on DSE

Ten cos grab 27pc turnover on DSE

FE Report 2018-02-23 09:31:38

Ten top-traded companies accounted for over 27 per cent of transactions on the country's premier bourse on Thursday, with Square Pharmaceuticals topping the turnover list. Market-insiders said fund...

LTU serves show-cause  to BPDB

LTU serves show-cause to BPDB

FE Report 2018-02-23 00:29:50

The revenue authority issued a show-cause notice to the state-owned Bangladesh Power Development Board (BPDB) on Thursday, claiming payment of Tk 358 million 'unpaid' Value Added Tax (VAT). BPDB coll...

Five million ultra poor to get rice at Tk10

Five million ultra poor to get rice at Tk10

-- 2018-02-22 19:00:45

The government will bring down the price of rice at Tk 10 per kilogram for ultra-poor people from next month. Five million ultra-poor families across the country will get rice at Tk 10 per kilogram t...

DSE turnover dips 20-month low

DSE turnover dips 20-month low

FE Online Report 2018-02-22 15:50:05

Turnover on Dhaka Stock Exchange (DSE) dipped to Tk 2.89 billion Thursday, hitting nearly 20 months low, as investors were mostly inactive amid persistent liquidity shortage. Turnover, the crucial...

DSE submits Chinese proposal to BSEC

DSE submits Chinese proposal to BSEC

FE Online Report 2018-02-22 12:17:33

The board of directors of the Dhaka Stock Exchange (DSE) has finally submitted the Chinese consortium’s proposal to the securities regulator for approval. DSE Deputy General Manager (PR) Shafiq...

Stocks creep higher at opening

Stocks creep higher at opening

FE Online Report 2018-02-22 11:31:00

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading on Thursday as investors active on sector-wise stocks amid optimism. Following the previous four day...

IDB-UNESCAP deal to accelerate progress towards SDGs

IDB-UNESCAP deal to accelerate progress towards SDGs

FE Online Desk 2018-02-21 18:54:30

The Islamic Development Bank (IDB) one of the world’s largest multilateral development banks - has launched Engage, a new digital platform which will promote technological and scientific solutio...

Terms of trade unchanged in FY17

Terms of trade unchanged in FY17

FE Online Report 2018-02-21 14:34:08

Country’s Terms of Trade (ToT) remained unchanged in the past fiscal year (FY17), according to the statistics available with the Bangladesh Bank. It showed that terms of trade stood at 87.11...

Deposits of Islamic banking industry up by 14.15pc

Deposits of Islamic banking industry up by 14.15pc

FE Online Report 2018-02-21 13:26:50

The total deposits in the country’s Islamic banking industry increased by 14.15 per cent in the previous year, according to the latest statistics of the Bangladesh Bank. It showed that deposits...

Ten top-traded cos snare 32pc turnover

Ten top-traded cos snare 32pc turnover

FE Report 2018-02-21 11:34:06

The ten top-traded companies accounted for more than 32 per cent of the total transactions on the country's premier bourse on Tuesday. Unique Hotel & Resorts dominated the turnover chart. Brokers...

$360m ADB loan for railway

$360m ADB loan for railway

-- 2018-02-21 11:27:31

The Asian Development Bank (ADB) has approved loans totalling $360 million to boost the operational performance of Bangladesh Railway. The project will help the railway by introducing new technology,...

RMG market expansion faces lots of challenges

RMG market expansion faces lots of challenges

FE Report 2018-02-21 10:50:56

Low productivity, shortage of mid-level management professionals and limited backward and forward linkages are among major challenges that need to be addressed for further expansion of the country's R...

BPC seeks DCs’ help to curb fuel oil smuggling

BPC seeks DCs’ help to curb fuel oil smuggling

FE Report 2018-02-21 10:03:34

State-run Bangladesh Petroleum Corporation (BPC) recently sought intervention by deputy commissioners (DCs) of bordering districts to check smuggling out of fuel oil across the border. It also reques...