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Search results for: bangladesh

Stocks tumble at opening on lockdown worries

Stocks tumble at opening on lockdown worries

FE ONLINE REPORT 2021-06-27 11:08:20

Stocks tumbled at the opening on Sunday as panic gripped investors fearing further fall of share prices as the government announced a fresh strict lockdown to curb the spread of deadly coronavirus....

Experts suggest taking loan from reserve for adequate vaccination

Experts suggest taking loan from reserve for adequate vaccination

FE ONLINE DESK 2021-06-26 17:37:56

Experts of Unnayan Shamannay urged the government to take a loan from the reserve to bring 70 to 80 per cent of the citizens under the vaccination programme against COVID-19. “This initiative w...

Phoenix Finance to pay 12pc dividend for 2020

Phoenix Finance to pay 12pc dividend for 2020

FE REPORT 2021-06-26 10:22:10

Phoenix Finance and Investments has recommended 6.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2020. The board of directors of the company has approved the finan...

Foreign, joint venture companies outside EPZs seek loan facility

Foreign, joint venture companies outside EPZs seek loan facility

FE REPORT 2021-06-26 09:49:03

Foreign and joint-venture companies operating in Bangladesh are seeking loan facilities from the stimulus packages that the government is implementing to help the pandemic-hit businesses to make a tur...

Stocks led by banks, textiles rebound

Stocks led by banks, textiles rebound

BABUL BARMAN 2021-06-26 09:44:38

Stocks bounced back in the outgoing week, after a single-week break, as bargain hunters showed their appetite on major sector issues despite virus worries. Week-on-week, DSEX, the core index of the D...

Foreign currency reserves cross $45.0 billion

Foreign currency reserves cross $45.0 billion

-- 2021-06-25 16:15:18

The foreign currency reserves of Bangladesh have crossed the $45.0 billion mark with inward remittances continuing to boost despite the coronavirus crisis. The total figure of reserves at Bangladesh...

WB supports Afghanistan, Bangladesh to benefit from regional collaboration in higher education 

WB supports Afghanistan, Bangladesh to benefit from regional collaboration in higher education 

FE ONLINE DESK 2021-06-25 14:15:00

The World Bank has approved a $191 million credit to Bangladesh to help strengthen higher education and respond better to the Covid-19 pandemic. The WB Board of Executive Directors on Thurs...

Members of 34pc households lost jobs amid virus: Survey

Members of 34pc households lost jobs amid virus: Survey

FE REPORT 2021-06-25 10:59:59

At least one member of 34 per cent of households lost jobs or earning opportunities across the country in the last year due to the Covid-19 pandemic, according to a survey. Besides, 77.23 per cent of...

BSEC to take legal action against 11 sponsor-directors

BSEC to take legal action against 11 sponsor-directors

FE REPORT 2021-06-25 09:38:42

The securities regulator has decided to take legal action against 11 sponsor-directors and 33 external local shareholders of Ring Shine Textiles for their involvement in a financial scam related to th...

Improving manufacturing sector’s productivity crucial for Bangladesh to boost export: World Bank

Improving manufacturing sector’s productivity crucial for Bangladesh to boost export: World Bank

-- 2021-06-24 17:48:46

To boost export growth and help the economy rebound from the COVID 19 pandemic impacts, improving the manufacturing sector’s productivity will be crucial for Bangladesh, says a new World Bank re...

Stocks rebound on bargain hunting snapping previous day’s sharp fall

Stocks rebound on bargain hunting snapping previous day’s sharp fall

FE Online Report 2021-06-24 16:29:45

The market rebounded on Thursday, snapping the previous day’s sharp fall, as bargain hunters went on late hours buying spree on sector-specific stocks. However, daily trade turnover plunged to...

Stocks open on negative note amid lower turnover

Stocks open on negative note amid lower turnover

FE ONLINE REPORT 2021-06-24 10:56:55

Stocks opened marginally lower on Thursday as risk-averse investors went on selling shares amid rising virus cases and deaths in the country. Following the previous day’s sharp decline, the mar...

Pubali Bank’s Tk 5.0b perpetual bond: 10pc fund to be raised through public offer

Pubali Bank’s Tk 5.0b perpetual bond: 10pc fund to be raised through public offer

FE ONLINE REPORT 2021-06-24 10:22:50

The board of directors of Pubali Bank has now decided to issue Perpetual Bond worth Tk 5.0 billion in a revised manner in order to comply with the securities regulator’s latest directive. As pe...

BSEC initiates steps to make ailing companies viable

BSEC initiates steps to make ailing companies viable

MOHAMMAD MUFAZZAL 2021-06-24 09:56:16

The securities regulator has initiated a move to make the ailing listed companies, including state-owned ones, operationally sound and financially viable for the greater interest of the shareholders a...

Tk 30b Beximco Sukuk gets nod

Tk 30b Beximco Sukuk gets nod

FE REPORT 2021-06-24 09:49:34

The securities regulator has approved the proposal of issuing asset-backed Green-Sukuk bond worth Tk 30 billion by the BEXIMCO for the purpose of business expansion. The Bangladesh Securities and Exc...

DSEX dips below 6100-mark on selling spree

DSEX dips below 6100-mark on selling spree

FE ONLINE REPORT 2021-06-23 16:28:44

Stocks plunged on Wednesday as risk-averse investors opted for a quick profit on major sector issues amid the rising trend of virus infections and death in the country. Following the previous day&rsq...

Stronger private sector critical for Bangladesh to realise its economic potential: Report

Stronger private sector critical for Bangladesh to realise its economic potential: Report

FE Online Desk 2021-06-23 14:45:32

Bangladesh needs to embark on a new round of reforms to strengthen and modernise the private sector in a bid to unleash the country’s potential to drive diversified, export-led growth and create...

Stocks open marginally higher with rising turnover

Stocks open marginally higher with rising turnover

FE ONLINE REPORT 2021-06-23 10:57:39

Stocks opened marginally higher on Wednesday as investors showed their buying spree on low-cap textile sector issues. Following the previous day’s marginal correction, the market opened on a po...

IPDC Finance to issue Tk 1.5b subordinated bond

IPDC Finance to issue Tk 1.5b subordinated bond

FE ONLINE REPORT 2021-06-23 10:49:59

The board of directors of IPDC Finance has decided to issue Tk 1.50 billion non-convertible unsecured coupon-bearing subordinated bond with six years tenure. The bond will be issued through private p...

Bangladesh to receive $940m ADB loan to bankroll jab purchase

Bangladesh to receive $940m ADB loan to bankroll jab purchase

FE REPORT 2021-06-23 08:39:06

The Asian Development Bank (ADB) will provide Bangladesh with US$940 million for purchasing safe and effective vaccines against the coronavirus disease (COVID-19). The ADB Board gave the approval to...

Institutional structure necessary to protect char people, Atiur says

Institutional structure necessary to protect char people, Atiur says

-- 2021-06-22 19:15:36

Former governor of Bangladesh Bank and National Char Alliance President Dr. Atiur Rahman has urged the policymakers to take an effective initiative for building an institutional structure for the peop...

ACCA revisits its ‘12 Tenets of Tax’

ACCA revisits its ‘12 Tenets of Tax’

-- 2021-06-22 18:57:20

ACCA believes that a clear exposition of what makes an efficient and just tax system in the 21st century is essential. As tax rises up the political agenda, ACCA revisits its ‘12 Tenets of Tax&r...

Outward FDI from Bangladesh drops further in 2020

Outward FDI from Bangladesh drops further in 2020

FE Online Report 2021-06-22 15:23:48

Net outflow of foreign direct investment (FDI) from Bangladesh declined further in 2020, according to World Investment Report (WIR) 2021. Released by the United Nations Conference on Trade and Develo...

Dhaka stocks open marginally lower

Dhaka stocks open marginally lower

FE ONLINE REPORT 2021-06-22 10:54:42

Dhaka stocks opened marginally lower on Tuesday, after hitting a 41-month high the previous day, as cautious investors kept booking some profit on quick-gaining issues. Following the previous day&rsq...

Rupali Bank declares 10pc stock dividend for 2020

Rupali Bank declares 10pc stock dividend for 2020

FE Online Report 2021-06-22 10:44:04

The board of directors of state-run Rupali Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual gene...

Cash margin mandatory for issuance of bank guarantee for external loans

Cash margin mandatory for issuance of bank guarantee for external loans

FE REPORT 2021-06-22 10:12:33

The central bank has tightened its policy by imposing a minimum 5.0 per cent cash margin for issuance of bank guarantees against term loans from overseas sources to mitigate the risks involved, offici...

Prime Life Insurance declares ‘no’ dividend for first time after listing

Prime Life Insurance declares ‘no’ dividend for first time after listing

FE ONLINE REPORT 2021-06-22 10:02:57

The board of directors of Prime Islami Life Insurance has recommended ‘no’ dividend for the year ended on December 31, 2020. The life insurer declared ‘no’ dividend for the fi...

Hitting revenue target key challenge: PRI-MCCI webinar

Hitting revenue target key challenge: PRI-MCCI webinar

FE REPORT 2021-06-22 09:53:34

Although the FY2021-22 budget favours businesses, its implementation will be the key challenge, thanks to an uncertainty over meeting the revenue realisation target. It will be tough for the governme...

DSEX crosses 6,100-mark after 41 months

DSEX crosses 6,100-mark after 41 months

FE ONLINE REPORT 2021-06-21 16:34:07

The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 6,100-point mark on Monday. DSEX, the prime index of the DSE, rose 56 points or 0.92 per cent to settle at 6,125. It was the highest...

Recovery of FDI inflow in Bangladesh will be delayed, says UNCTAD

Recovery of FDI inflow in Bangladesh will be delayed, says UNCTAD

FE Online Report 2021-06-21 12:00:56

After the two consecutive years of decline in the inflows of foreign direct investment (FDI) in Bangladesh, the recovery is likely to take more time. World Investment Report (WIR) 2021, released by t...