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Development thinkers for transforming Bangladesh into ‘productivity, skill-based' nation

Development thinkers for transforming Bangladesh into ‘productivity, skill-based' nation

FE REPORT 2021-12-31 09:12:33

Speakers at a discussion on Thursday suggested Bangladesh's transforming into a 'skill- and productivity-based' economy instead of the current 'market access-based' one for competing in the global are...

Overseas employment of Bangladeshis grows 1.5 times in 2021

Overseas employment of Bangladeshis grows 1.5 times in 2021

FE REPORT 2021-12-31 09:04:51

Bangladesh's overseas employment is expected to increase 1.5 times in the outgoing calendar year (2021), said a RMMRU report on Thursday. It forecasts that the remittance income would climb by an e...

Bangladesh's capital market sees off eventful year

Bangladesh's capital market sees off eventful year

MOHAMMAD MUFAZZAL 2021-12-31 08:51:31

The country's capital market passed yet another eventful year with a 25 per cent return in the core index of the main bourse despite tussles between the two regulatory bodies concerned over some pol...

Central bank relaxes loan-repayment policy for all sectors

Central bank relaxes loan-repayment policy for all sectors

SIDDIQUE ISLAM 2021-12-31 08:31:07

The central bank relaxes further the loan-repayment policy for all the sectors to expedite Bangladesh's economic recovery from the fallout of Covid-19 pandemic. Under the relaxed stance, the borrow...

Bilateral trade volume between Bangladesh, South Korea to reach record high in 2021

Bilateral trade volume between Bangladesh, South Korea to reach record high in 2021

FE ONLINE REPORT 2021-12-30 19:49:11

Bilateral trade volume between Bangladesh and South Korea is expected to reach a record high this year, revealed statistics provided by the Korea Trade Association.  Between January and November...

Stocks end 2021 on a happy note

Stocks end 2021 on a happy note

FE ONLINE REPORT 2021-12-30 16:36:20

Stocks ended higher on Thursday, the last trading day of this year, as investors showed their buying interest on sector-wise issues amid high hopes in the New Year. DSEX, prime index of Dhaka Stock E...

Stocks open higher on last trading day of year

Stocks open higher on last trading day of year

FE ONLINE REPORT 2021-12-30 11:46:08

Stocks opened marginally higher on Thursday, the last trading day of the year 2021, as bargain hunters were showing buying interest on sector-wise issues. Following the previous day’s modest co...

BSCCL jumps 8.82pc after share issue report

BSCCL jumps 8.82pc after share issue report

FE REPORT 2021-12-30 11:37:17

The share price of Bangladesh Submarine Cable Company jumped 8.82 per cent on Wednesday after the news that the company is going to issue over 14.86 million shares to the government against share mone...

Half of beneficiary owners' accounts exist in name only!

Half of beneficiary owners' accounts exist in name only!

MOHAMMAD MUFAZZAL 2021-12-30 08:42:44

Around half of the active BO (beneficiary owner) accounts have not played any role in daily transactions over the years as those accounts either have zero balance or have never been used in share trad...

BSEC keeps banks' 'full discretion' unchanged

BSEC keeps banks' 'full discretion' unchanged

MOHAMMAD MUFAZZAL 2021-12-30 08:39:29

The securities regulator has decided to keep unchanged the banks' 'full discretion' regarding cancellation of distributions or payments - to facilitate their capital formation through issuing perpet...

Bangladesh's GDP blowup dwarfs tax ratio

Bangladesh's GDP blowup dwarfs tax ratio

JASIM UDDIN HAROON 2021-12-30 08:37:36

A GDP blowup with many leftover economic activities now taken into basket downsizes the ratio of Bangladesh's tax receipts to the gross domestic product, making it region's lowest and hence warranting...

Hungry market devours government Sukuk

Hungry market devours government Sukuk

SIDDIQUE ISLAM 2021-12-30 08:29:59

Bangladesh's hungry securities market swallows a gain-only bond as the Tk 50-billion government Sukuk was oversubscribed nearly five times to Tk 233.04 billion in its auction held Wednesday. A tota...

Non-performing loans out of control now, says the prime minister’s adviser

Non-performing loans out of control now, says the prime minister’s adviser

FE REPORT 2021-12-30 08:22:46

Prime Minister's Economic Affairs Adviser Dr Mashiur Rahman has stressed reining in default loans which he felt have gone out of control at present. He has suggested strengthening the capacity of t...

Stocks slide after two-day gain

Stocks slide after two-day gain

FE ONLINE REPORT 2021-12-29 15:54:20

Stocks ended marginally lower on Wednesday after choppy trading as investors remained cautious ahead of year-end adjustment and concern over new coronavirus variant Omicron. The market moved between...

Stocks open marginally higher ahead of year-end

Stocks open marginally higher ahead of year-end

FE ONLINE REPORT 2021-12-29 11:41:04

Stocks opened marginally higher on Wednesday as bargain hunters were showing their buying interest on sector-wise issues ahead of the year-end. Following the previous day’s rise, DSEX, the prim...

General insurance issues grab almost 22pc of turnover

General insurance issues grab almost 22pc of turnover

FE REPORT 2021-12-29 10:32:57

The broad index of Dhaka bourse closed Tuesday's session moderately higher extending the gaining streak for the second consecutive session as major sectors played market supportive role. On the day,...

Development budget implementation snails far behind set goals

Development budget implementation snails far behind set goals

-- 2021-12-29 09:17:41

Government agencies couldn't speed up development-budget implementation to anywhere near pre-covid levels, officials said Tuesday, and two of them moved at the slowest pace. They said the Shipping Mi...

Doha LDC5 likely to be deferred

Doha LDC5 likely to be deferred

FE ONLINE REPORT  2021-12-28 16:31:03

The Fifth United Nations Conference on the Least Developed Countries (LDC5), scheduled to take place in Qatar’s capital Doha from 23 to 27 January 2022, is likely to be deferred due to the Omicr...

ICB to issue Mudaraba Sukuk worth Tk 10 billion

ICB to issue Mudaraba Sukuk worth Tk 10 billion

FE REPORT 2021-12-28 09:57:45

The state-run Investment Corporation of Bangladesh (ICB) will issue 'ICB 1st Mudaraba Sukuk' worth Tk 10 billion in a bid to support the country's capital market. The corporation's board of directors...

Foreign aid inflow soars almost 50pc in July-Nov period

Foreign aid inflow soars almost 50pc in July-Nov period

FHM HUMAYAN KABIR 2021-12-28 09:54:58

The foreign-aid inflow to Bangladesh has marked an impressive 49-per cent growth in the first five months of the current fiscal year (FY), 2021-22, official data showed on Monday. The overseas develo...

Foreigners in Bangladesh encouraged to repatriate wages through formal channels

Foreigners in Bangladesh encouraged to repatriate wages through formal channels

SIDDIQUE ISLAM 2021-12-28 09:05:17

Bangladesh relaxed regulations allowing foreigners working in the country to repatriate most of their wages monthly and the remainder at yearend to encourage them to send their incomes through officia...

People's purchasing power falls in 2021

People's purchasing power falls in 2021

YASIR WARDAD 2021-12-28 08:35:33

The purchasing power of a vast majority of the population fell substantially in 2021 as their cost of living far outstripped the income that also grew, but marginally. People, particularly from low-...

Premier Cement approves 20pc cash dividend in AGM

Premier Cement approves 20pc cash dividend in AGM

FE ONLINE REPORT 2021-12-27 17:20:58

The 19th Annual General Meeting (AGM) of Premier Cement Mills Limited was held on Sunday via a digital platform.  Mr Mohammad Mustafa Haider, Chairman of the company, chaired the meeting. A 20...

Stocks rebound after three down days

Stocks rebound after three down days

-- 2021-12-27 17:19:59

After witnessing a downward trend in the three sessions, stocks on Monday rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues. After witnessing vo...

Bangladesh Bank asked to transfer foreign exchange reserve from US soon

Bangladesh Bank asked to transfer foreign exchange reserve from US soon

FE ONLINE REPORT 2021-12-27 16:20:52

Authorities have been asked to deposit Bangladesh’s foreign exchange reserve with banks other than America’s to avoid possible US sanctions in the near future. A legal notice has been ser...

Meghna, Southeast banks get BSEC nod for Issuing bond

Meghna, Southeast banks get BSEC nod for Issuing bond

FE REPORT 2021-12-27 10:20:07

The securities regulator has allowed Meghna Bank and Southeast Bank to issue subordinated bond worth Tk 5.0 billion each. The approvals came in a meeting, held at the Bangladesh Securities and Exchan...

Sharif Anwar elected DSE's shareholder director

Sharif Anwar elected DSE's shareholder director

FE REPORT 2021-12-27 09:59:23

The shareholders of Dhaka Stock Exchange (DSE) have elected Sharif Anwar Hossain, managing director of Sahidullah Securities as the DSE's shareholder director. Mr Hossain on Sunday became the premier...

Price spiral spurs inflation in Bangladesh

Price spiral spurs inflation in Bangladesh

FE REPORT 2021-12-27 08:25:27

Bangladesh saw inflation barometer of the economy surge with increases in both food and non-food prices, partly in tune with global market and largely for lax local controls in analysts' view. The st...

Food insecurity in Bangladesh returns to pre-Covid level: IFPRI

Food insecurity in Bangladesh returns to pre-Covid level: IFPRI

FE REPORT 2021-12-27 08:15:19

The International Food Policy Research Institute (IFPRI) found that the moderate or severe food-insecurity situation in Bangladesh returned to the pre-pandemic level by January this year, which the ho...

Special audits of many listed companies being done by regulator: BSEC chief

Special audits of many listed companies being done by regulator: BSEC chief

FE REPORT 2021-12-26 10:19:49

The chairman of Bangladesh Securities and Exchange Commission (BSEC) said the regulator conducts special audits of many listed companies along with looking into their operations for the sake of the ma...