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Search results for: bangladesh

Bangladesh to press India not to continue anti-dumping duty on jute goods

Bangladesh to press India not to continue anti-dumping duty on jute goods

SYFUL ISLAM 2021-07-17 08:45:40

The government will place arguments to India next month on why the neighbouring country should not further continue imposing anti-dumping duty on the export of Bangladeshi jute goods, officials said...

Bangladesh's exports to SAARC countries post impressive growth

Bangladesh's exports to SAARC countries post impressive growth

FHM HUMAYAN KABIR 2021-07-17 08:34:49

Bangladesh's export to the SAARC nations has been rising year on year, and it has swelled by 88 per cent in the last five years, analysts said on Friday. The growth of Bangladeshi products' shipment...

Bangladesh government's net bank borrowing falls

Bangladesh government's net bank borrowing falls

SIDDIQUE ISLAM 2021-07-16 08:01:07

The government's net bank borrowing fell sharply in the just concluded fiscal year (FY) due to lower implementation of the annual development programme (ADP) amid the pandemic. Higher sales of nation...

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

UNB 2021-07-15 19:12:49

As the government has planned to establish a vaccine institute, experts have appreciated it as a timely and bold move as they think Bangladesh has huge potential to grab the international vaccine mark...

DSEX crosses 6300-mark after 42-month

DSEX crosses 6300-mark after 42-month

FE Online Report 2021-07-15 16:28:20

The prime index of the Dhaka Stock (DSEX) surpassed the 6,300-mark on Thursday as buying binge added strength to the equity indices despite worries over the virus-infused shock to the country’...

Envoy Textile to set up spinning project expansion unit

Envoy Textile to set up spinning project expansion unit

FE ONLINE REPORT 2021-07-15 11:17:22

Envoy Textile has decided to set up a spinning project expansion unit at its existing factory premises with an estimated total cost of Tk 1761.90 million. The new expansion project will be set up at...

Stocks open higher as lockdown eased

Stocks open higher as lockdown eased

FE ONLINE REPORT 2021-07-15 10:59:33

Stocks opened higher on Thursday as investors continued their buying interest on sector-wise issues amid the resumption of vaccine roll-out and relaxed strict lockdown. A new issue – Baraka Pat...

GP declares 125pc interim cash dividend

GP declares 125pc interim cash dividend

FE ONLINE REPORT 2021-07-15 10:18:23

The board of directors of Grameenphone (GP), the largest market-cap listed company, has recommended a 125 per cent interim cash dividend for the year ending 2021. This interim cash dividend represent...

Target setting for new CMSMEs' package revised

Target setting for new CMSMEs' package revised

SIDDIQUE ISLAM 2021-07-15 08:39:56

The stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) has entered into its second phase with amending the target fixation method, officials said. Under the revised form...

Bonds aplenty, but not right ones

Bonds aplenty, but not right ones

MOHAMMAD MUFAZZAL 2021-07-15 08:37:31

The securities regulator and intermediaries have harped on different tunes about the market capacity of absorbing the bonds so far approved. Most of the bonds are being issued by banks to strengthe...

Two more SME firms get BSEC nod to raise funds through QIO

Two more SME firms get BSEC nod to raise funds through QIO

FE ONLINE REPORT 2021-07-14 20:33:05

The stock market regulator has approved two more SME firms’ proposals for raising capital worth Tk 100 million each through a qualified investor offer (QIO). The companies are Oryza Agro Indust...

Stocks keep gaining ahead of Eid festival

Stocks keep gaining ahead of Eid festival

FE ONLINE REPORT 2021-07-14 16:28:21

Stocks posted a modest gain on Wednesday, with the key index hitting more than three and a half months high, as investors were active on both sides of the trading fence ahead of Eid vacation. Followi...

Stocks open higher amid lax lockdown news

Stocks open higher amid lax lockdown news

FE ONLINE REPORT 2021-07-14 11:05:02

Stocks opened higher on Wednesday as investors continued their buying spree on major sector issues riding on the news of the resumption of vaccine roll-out and relaxed lockdown. Pre-Eid sale pre...

Record date for Beximco Sukuk subscription July 19

Record date for Beximco Sukuk subscription July 19

FE REPORT 2021-07-14 10:01:16

Bangladesh Export Import Company (Beximco) set the record date on July 19 for entitlement of rights to the existing shareholders of the company to subscribe the asset-backed Beximco Green-Sukuk al I...

Bangladesh Bank asks banks to take safeguards for export trade

Bangladesh Bank asks banks to take safeguards for export trade

FE REPORT 2021-07-14 09:00:11

The central bank has issued a guideline note asking authorized dealer (AD) banks to take appropriate safeguards for export trade, officials concerned said. The AD banks have been reminded about the...

‘Govt to provide financial support to ensure compliance in industries’

‘Govt to provide financial support to ensure compliance in industries’

UNB 2021-07-13 22:47:52

Prime Minister's Private Industry and Investment Affairs Adviser Salman F Rahman on Tuesday said like Accord and Alliance in the RMG sector, a body would be formed for the domestic industries to ensur...

Stocks rebound strongly; key index hit more than 42-month high

Stocks rebound strongly; key index hit more than 42-month high

FE ONLINE REPORT 2021-07-13 17:51:07

Stocks rebounded strongly on Tuesday, with the key index hitting more than a 42-month high, as investors went on buying spree on major sector issues riding on the new stimulus news. Prime Minister Sh...

PM announces five new stimulus packages worth Tk 32.0b

PM announces five new stimulus packages worth Tk 32.0b

-- 2021-07-13 16:11:11

Prime Minister Sheikh Hasina has announced five new financial packages amounting to Tk 32 billion to help low-income groups. The incentive packages are aimed at helping the people affected by lockdow...

Stocks open higher as pre-Eid sale pressure eases

Stocks open higher as pre-Eid sale pressure eases

FE ONLINE REPORT 2021-07-13 10:55:05

Stocks on both the bourses opened higher on Tuesday, after the previous day’s marginal correction, as pre-Eid sale pressure eased to some extent. Only four trading days are left before vacation...

45 issues being traded below face value

45 issues being traded below face value

FE REPORT 2021-07-13 10:25:24

Prices of 45 issues are being traded below their face value of Tk 10 each on the Dhaka Stock Exchange (DSE) despite the stock index soared more than 54 per cent in the past one year. According to ava...

Tk 400b stimulus enters 2nd phase, foreign companies included

Tk 400b stimulus enters 2nd phase, foreign companies included

SIDDIQUE ISLAM 2021-07-13 08:41:25

Implementation process of the second phase of the stimulus package worth Tk 400 billion for large industries and service sector business entities has started with the inclusion of foreign-owned comp...

Stocks post marginal fall as Eid nears

Stocks post marginal fall as Eid nears

FE ONLINE REPORT 2021-07-12 16:53:30

Dhaka stocks posted a marginal loss on Monday as cautious investors opted for booking profit on quick-gaining issues ahead of Eid vacation. The market started on a negative tone as the shaky investor...

Govt stipend that brings relief to millions

Govt stipend that brings relief to millions

-- 2021-07-12 15:48:31

Despite the onslaught of Covid-19 and subsequent lockdowns, 10 million families across the country have had a little relief receiving the full stipend of primary school education for the fiscal year o...

Stocks open lower ahead of Eid vacation

Stocks open lower ahead of Eid vacation

FE ONLINE REPORT 2021-07-12 11:07:10

Stocks opened marginally lower on Monday, the first session of the week, as cautious investors are booking profit on sector-wise issues ahead of Eid vacation. As per the banking schedule, trading day...

Rationalised land price for light engineering sector suggested

Rationalised land price for light engineering sector suggested

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

Policy reforms, aligned polices with the WTO directives, fiscal and non-fiscal benefits and domestic measures are key to overcome the challenges of LDC graduation for Bangladesh, speakers said in a di...

General insurance sector best performer in first half

General insurance sector best performer in first half

FE REPORT 2021-07-12 08:52:12

The general insurance sector was the best performer on the Dhaka Stock Exchange (DSE) in the first half (H1) of 2021 with 43 per cent return while the jute sector was the worst loser plunging by 30.60...

Interest rate spread widens in May

Interest rate spread widens in May

Siddique Islam 2021-07-12 08:49:54

The interest rate spread widened significantly in May, 2021 as the banks cut their deposit rates further while lending rates remained unchanged, bankers have said. The weighted average spread betwe...

Bangladesh’s impressive development did not benefit everyone equally

Bangladesh’s impressive development did not benefit everyone equally

-- 2021-07-11 19:51:48

Bangladesh’s journey in the post-independence period was tough. Bangladesh inherited a war-hit poor economy in 1971. Despite limited resources, Bangladesh has made spectacular economic progress...

Government set to release final draft policy on investing abroad

Government set to release final draft policy on investing abroad

FE Online Report 2021-07-11 19:37:33

The government is set to release a final draft policy titled ‘Bangladeshis Investment Policy Abroad-2021’ soon to allow the country’s investors to invest in other countries. To this...

Dhaka needs to scale up efforts for retaining pharma waiver beyond LDC era

Dhaka needs to scale up efforts for retaining pharma waiver beyond LDC era

FE REPORT 2021-07-11 10:17:46

Bangladesh needs to boost its negotiating and political efforts in Dhaka and other capitals to enjoy waiver on pharmaceuticals for least-developed countries (LDCs) for an indefinite period beyond gr...