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Search results for: bangladesh

Living cost in Bangladesh rises by 6.88pc in 2020: CAB

Living cost in Bangladesh rises by 6.88pc in 2020: CAB

FE ONLINE REPORT 2021-06-16 11:54:31

The cost of living in Bangladesh rose by 6.88 per cent in 2020, with the prices of products and services going up by 6.31 per cent during the period, the Consumers Association of Bangladesh (CAB) ha...

Stocks open higher amid cautious optimism

Stocks open higher amid cautious optimism

FE ONLINE REPORT 2021-06-16 11:18:51

The market opened sharply higher on Wednesday after the previous day’s marginal rise as investors are putting fresh bets on stocks, Following the previous day’s marginal gain, the marke...

Two banks, one NBFI to issue Tk 14b bonds

Two banks, one NBFI to issue Tk 14b bonds

FE ONLINE REPORT 2021-06-16 10:47:34

The boards of directors of three companies, including two banks, have decided to issue bonds worth Tk 14 billion. According to separate filings with the Dhaka Stock Exchange (DSE) on Wednesday, Natio...

NPLs up despite relaxed loan classification

NPLs up despite relaxed loan classification

Siddique Islam 2021-06-16 08:47:59

The amount of classified loans in the banking sector increased slightly in the first quarter (Q1) of the current calendar year despite providing policy support by the central bank in relation to loa...

Stocks post marginal gain after two-day modest fall

Stocks post marginal gain after two-day modest fall

FE ONLINE REPORT 2021-06-15 16:13:42

Stocks posted a marginal gain on Tuesday, after a two-day moderate correction, as bargain hunters showed their buying interest on sector-wise issues. After opening on a positive note, the prime index...

Stocks open higher after two-day fall

Stocks open higher after two-day fall

FE ONLINE REPORT 2021-06-15 10:53:27

Stocks opened higher on Tuesday after two-day profit booking sell-offs as bargain hunters showed their buying appetite on insurance issues. Following the previous two days’ marginal correctio...

Land port operations should be brought under one umbrella: State minister

Land port operations should be brought under one umbrella: State minister

FE REPORT 2021-06-15 10:38:47

State Minister for Shipping Khalid Mahmud Chowdury said on Monday operations of land ports in the country along with their law-enforcers and customs officials concerned are required to be brought unde...

Trust Bank to pay 20pc dividend for 2020

Trust Bank to pay 20pc dividend for 2020

FE ONLINE REPORT 2021-06-15 10:20:47

The board of directors of Trust Bank has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2020. This is the bank’s doubled dividend declaration for...

Bangladesh's stock market set to post highest return in decade

Bangladesh's stock market set to post highest return in decade

MOHAMMAD MUFAZZAL 2021-06-15 08:55:01

The country's capital market is set to post the highest return in a decade in the outgoing fiscal year (FY), 2020-21, when most other sectors faced serious disruptions in their business operations due...

Central bank working on CCP to minimise risks

Central bank working on CCP to minimise risks

SIDDIQUE ISLAM 2021-06-15 08:45:44

The central bank is working on establishing a central clearing counterparty (CCP) as an independent authority to lower risks for government securities initially. It formed an eight-member high-powe...

Stocks extend losing streak as profit-booking continues

Stocks extend losing streak as profit-booking continues

FE ONLINE REPORT 2021-06-14 16:21:42

The market extended the losing streak for the second straight sessions on Monday as shaky investors continued their profit booking on quick-gaining stocks. The market swung between positive and negat...

Stocks down at opening

Stocks down at opening

FE ONLINE REPORT 2021-06-14 11:07:11

Stocks opened marginally lower on Monday as the shaky investors continued to book profit on quick-gaining stocks. Following the previous day’s correction, the market opened on a negative note t...

Dhaka to start negotiations with Colombo to sign PTA

Dhaka to start negotiations with Colombo to sign PTA

FE REPORT 2021-06-14 10:38:56

The government will soon start negotiations aiming to sign a preferential trade agreement (PTA) between Bangladesh and Sri Lanka by July, in a bid to increase bilateral trade volume between the friend...

FBCCI seeks major reform in tax regime

FBCCI seeks major reform in tax regime

DOULOT AKTER MALA 2021-06-14 10:20:51

The country's apex trade body has demanded bringing a major reform in the country's tax regime as it sought separation of the tax collection and policy wings to ensure time-befitting tax measures. As...

Only 14pc of development budget directly youth-focused: SANEM

Only 14pc of development budget directly youth-focused: SANEM

FE REPORT 2021-06-14 10:11:44

Only 14 per cent of the annual development programme (ADP) of the proposed budget was directly youth-focused, a SANEM study revealed on Sunday. It said considering the ADP of 22 ministries, it was fo...

Stocks snap three-day rally on profit booking

Stocks snap three-day rally on profit booking

FE Online Report 2021-06-13 15:53:16

Stocks slipped into the red on Sunday, snapping a three-day gaining streak, as risk-averse investors opted for booking profit on quick-gaining stocks. The market moved between positive and negative s...

Facebook now registered taxpayer in Bangladesh

Facebook now registered taxpayer in Bangladesh

FE ONLINE REPORT 2021-06-13 14:37:43

Social media giant Facebook has obtained VAT registrations from the National Board of Revenue (NBR) on Sunday complying with the government’s law to operate as a registered taxpayer. From now...

Stocks rise at opening amid high trading activities

Stocks rise at opening amid high trading activities

-- 2021-06-13 11:45:13

Stocks opened marginally higher on Sunday amid high trading activities as investors continued to put fresh bets on sector-specific issues. Despite witnessing some volatility initially, the prime in...

Four OTC cos make trading on bourses' main market

Four OTC cos make trading on bourses' main market

-- 2021-06-13 11:38:48

Four more OTC market companies started trading on the bourses’ main market from today (Sunday), after remaining in the over-the-counter (OTC) market for more than 10 years. The companies are Ba...

IPO subscription of Baraka Patenga Power begins today

IPO subscription of Baraka Patenga Power begins today

FE ONLINE REPORT 2021-06-13 10:40:08

The IPO subscription of Baraka Patenga Power started today (Sunday), aiming to raise Tk 2.25 billion under the book-building method. The power generation company’s subscription through electron...

Steps beyond budget important for boosting private investment

Steps beyond budget important for boosting private investment

FE REPORT 2021-06-13 08:31:30

Issues such as infrastructure development, high cost of doing business and good governance should be addressed to boost private investment, as corporate tax cuts alone would not serve the purpose. Ex...

CSOs, coastal MPs demand allocation of Tk 150b for coastal embankment

CSOs, coastal MPs demand allocation of Tk 150b for coastal embankment

-- 2021-06-12 18:25:26

A group of civil society organisations (CSOs) and MPs from coastal areas on Saturday urged the government to allocate at least Tk 150 billion for coastal protection, particularly for climate-resilient...

ADB seeks final nod for floating offshore taka bond, Dhaka not in a hurry

ADB seeks final nod for floating offshore taka bond, Dhaka not in a hurry

FE REPORT 2021-06-12 08:32:23

The Asian Development Bank (ADB) has sought final approval from the government for floating offshore taka-denominated bond for Bangladesh, officials said. It has also forwarded a sample approval lett...

Marginal rise in Bangladesh government's liabilities likely in 2021-22

Marginal rise in Bangladesh government's liabilities likely in 2021-22

FE REPORT 2021-06-12 08:27:08

The government's liabilities in the next fiscal year (FY), 2021-22, are expected to rise marginally, as its domestic liabilities, which usually become higher than foreign loans, are likely shrink to s...

AFD to provide Tk 1,24b to support electricity grid digitisation

AFD to provide Tk 1,24b to support electricity grid digitisation

FE ONLINE DESK 2021-06-11 16:03:40

France Development Agency (AFD) and the Bangladesh government have signed a financing agreement of Tk 1.24 billion (EUR 12 million) to support advanced digital solutions in the power and energy sector...

Policy supports to importers extended until Dec 31

Policy supports to importers extended until Dec 31

FE REPORT 2021-06-11 10:02:51

The central bank has extended the tenure of its different policy supports to importers by six more months amid the ongoing Covid-19 pandemic, officials said. The importers will now enjoy the facili...

State-owned enterprises' loans with government guarantee soar 22pc

State-owned enterprises' loans with government guarantee soar 22pc

JASIM UDDIN HAROON 2021-06-11 09:51:39

The amount of outstanding loans of the state-owned enterprises (SOEs), backed by the government's guarantees, surged by nearly 22 per cent last year, according to budget document. The document said t...

Private sector credit growth falls further during 2nd wave of Covid-19

Private sector credit growth falls further during 2nd wave of Covid-19

SIDDIQUE ISLAM 2021-06-11 08:18:12

Private sector credit growth decreased further in April, mainly due to the second wave of the Covid-19 in the country, bankers said. The growth in credit flow to the private sector came down to 8.29...

Withdrawal of imposed supplementary duty on local tiles, sanitary products sought

Withdrawal of imposed supplementary duty on local tiles, sanitary products sought

-- 2021-06-10 21:09:10

Country’s ceramic makers sought the withdrawal of imposed supplementary duty (SD) on production and supply of all kinds of locally-made tiles and sanitary products in the proposed national budge...

Preparations underway to face LDC graduation challenges

Preparations underway to face LDC graduation challenges

UNB 2021-06-10 17:52:47

The government is preparing an action plan that will focus on helping the businesses to be more competitive in international export trade to face the new challenges after its graduation to a developin...