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Search results for: bangladesh

Share prices of two insurers soaring sans PSI

Share prices of two insurers soaring sans PSI

FE REPORT 2021-04-19 10:23:21

The share prices of two non-life insurers --- Desh General Insurance Company and Federal Insurance Company - are soaring without having any undisclosed price sensitive information (PSI). Share price...

Structural reforms unlikely, says Kamal blaming pandemic resurgence

Structural reforms unlikely, says Kamal blaming pandemic resurgence

FE REPORT 2021-04-19 09:16:06

Finance Minister AHM Mustafa Kamal on Sunday said the budget for upcoming fiscal year will strike a balance between the government's revenue collection and the profit earning of the businesses. The...

Stocks extend gaining streak despite lockdown

Stocks extend gaining streak despite lockdown

FE Online Report 2021-04-18 15:36:15

Stocks extended the gaining streak for the fourth straight session on Sunday despite ongoing countrywide lockdown. The market witnessed high volatility in the first half of the day’s session as...

e-fund transfer system resumes at Bangladesh Bank after five days

e-fund transfer system resumes at Bangladesh Bank after five days

-- 2021-04-18 15:10:38

Inter-bank cheque settlement and electronic fund transfer system of Bangladesh Bank resumed on Sunday morning after five days of suspension. The system was suspended on Tuesday last due to a technica...

Stocks open mixed trend amid lockdown

Stocks open mixed trend amid lockdown

FE ONLINE REPORT 2021-04-18 11:11:27

Stocks witnessed volatility in early trading on Sunday after three days' rally, as cautious investors opted for booking quick-profits on sector-wise issues amid the ongoing lockdown. Presence of inve...

BSEC sees no complications in issuing IPO shares among employees of two companies

BSEC sees no complications in issuing IPO shares among employees of two companies

MOHAMMAD MUFAZZAL 2021-04-18 10:26:47

The officials of the securities regulator see no complications in issuing IPO (initial public offering) shares among the employees of two companies which recently have received the regulatory approval...

Bangladesh sees 17m 'new poor', loses 3pc jobs during pandemic

Bangladesh sees 17m 'new poor', loses 3pc jobs during pandemic

FE REPORT 2021-04-18 10:01:59

The Covid-19 pandemic has rendered about 3.0 per cent of the country's labour force jobless and created an estimated 16.38 million 'new poor', a study report has revealed. Day-labourers, numbering ab...

Experts for more growth-friendly, transparent tax system

Experts for more growth-friendly, transparent tax system

-- 2021-04-17 22:58:40

The National Board of Revenue (NBR) should reduce tax deduction at source (TDS) following global practices and need to modernise and simplify the country's tax system. The regulator should offer ince...

Business leaders emphasise tax reform for attracting FDI, expanding exports for recovery

Business leaders emphasise tax reform for attracting FDI, expanding exports for recovery

FE ONLINE REPORT 2021-04-17 21:45:04

A panel of business leaders and experts on Saturday suggested removing regulatory, fiscal and legal barriers to investment so that both local and foreign investors can invest and do business smoothly...

Youth unemployment, growth of informal sector may hinder SDG 8 achievement, experts say

Youth unemployment, growth of informal sector may hinder SDG 8 achievement, experts say

FE Online Report 2021-04-17 17:35:01

Country’s youth unemployment, rising employment in the informal sector and child labour, which are worsening in the pandemic, may restrain the achievement of SDG 8 and economic growth by 2030....

Stocks snap four-week losing streak despite lockdown

Stocks snap four-week losing streak despite lockdown

BABUL BARMAN 2021-04-17 15:03:43

Stocks rebounded in the outgoing week, snapping a four weeks losing streak, as bargain hunters took benefit of the low prices of shares despite 'strict' lockdown and reduced trading hours. However, p...

ADN Telecom's IPO fund utilisation time extended

ADN Telecom's IPO fund utilisation time extended

FE REPORT 2021-04-17 12:50:42

ADN Telecom has informed that the Bangladesh Securities and Exchange Commission (BSEC) has approved its application for alteration and the time extension of utilisation schedule of IPO proceeds. The...

Livelihoods, recovery to be in focus in next budget

Livelihoods, recovery to be in focus in next budget

SYFUL ISLAM 2021-04-17 10:00:17

The national budget for the fiscal year 2021-22 will focus on measures to face Covid-19 challenges, save lives and livelihoods of people and recover the economy. Officials said the budget would be...

Bangladesh's 2020 debt rises to almost 40pc of GDP

Bangladesh's 2020 debt rises to almost 40pc of GDP

JASIM UDDIN HAROON 2021-04-17 09:22:58

The government debt of Bangladesh surged to a new high in 2020 than in 2019. However, the country's other sectoral debts declined during the period under review. The picture came up in an analysis on...

Inflation rises to 5.47pc in March

Inflation rises to 5.47pc in March

FE REPORT 2021-04-16 09:36:37

The point-to-point inflation increased to 5.47 per cent in March last as the prices of some essential items went up mainly in the rural areas, according to official data released on Thursday. The B...

Bangladesh's development budget execution lowest in 11 years

Bangladesh's development budget execution lowest in 11 years

FHM HUMAYAN KABIR 2021-04-16 09:16:44

The government agencies implemented only about 42 per cent of the revised development projects in the first three quarters of the current fiscal year (FY) which is the lowest in more than a decade, of...

Stocks extend winning streak despite strict lockdown

Stocks extend winning streak despite strict lockdown

FE ONLINE REPORT 2021-04-15 15:07:48

Stocks extended the winning streak amid the shortened trading hours on Thursday despite the ongoing strict lockdown across the country. The government enforced a seven-day fresh lockdown from April 1...

Stocks rise at opening as trading resumes amid lockdown

Stocks rise at opening as trading resumes amid lockdown

FE ONLINE REPORT 2021-04-15 10:52:21

The market opened higher on Thursday as stock trading resumed on a limited scale in line with the banking hours amid the countrywide strict lockdown. Instead of the regular four hours, the trading wi...

Bangladesh receives more than $1.0b World Bank financing for vaccination, meeting Covid-19 challenges

Bangladesh receives more than $1.0b World Bank financing for vaccination, meeting Covid-19 challenges

FE Online Desk 2021-04-14 13:13:30

The government of Bangladesh has signed three financing agreements worth over $1.04 billion with the World Bank to respond to the pandemic and to build resilience to future crises, including vaccinati...

DSE adds three new companies to core index

DSE adds three new companies to core index

FE REPORT 2021-04-14 10:15:57

The Dhaka Stock Exchange (DSE) has added three newly listed companies to its Broad Index (DSEX) as they met all the criteria of quarterly IPO addition. The companies are Robi Axiata, Energypac Powe...

Stocks soar beating strict lockdown worries

Stocks soar beating strict lockdown worries

FE Online Report 2021-04-13 16:35:18

Stocks soared on Tuesday, defeating worries of the seven-day strict-lockdown, as bargain hunters continued to put fresh bets on low-priced lucrative issues. The stock market will remain shut during...

Japan not keen on joint FTA study

Japan not keen on joint FTA study

MUNIMA SULTANA AND SYFUL ISLAM 2021-04-13 13:13:52

Japan has shown its reluctance to take forward a proposal by Bangladesh for conducting a joint feasibility study on the possibility to sign a free trade agreement (FTA) between the two countries. The...

Eastern Bank declares 17.50pc cash, 17.50pc stock dividend

Eastern Bank declares 17.50pc cash, 17.50pc stock dividend

FE ONLINE REPORT 2021-04-13 12:22:07

The board of directors of Eastern Bank has recommended 17.50 per cent cash and 17.50 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come duri...

CSE extends timeframe for applying for new TREC licence until May 30

CSE extends timeframe for applying for new TREC licence until May 30

FE REPORT 2021-04-13 12:17:46

The Chittagong Stock Exchange (CSE) has extended the timeframe for applying for new TREC licence from the port city's bourse by one and half months until May 30. The board of directors of CSE has d...

Bangladesh's poverty rate rises to 30pc amid pandemic

Bangladesh's poverty rate rises to 30pc amid pandemic

FE Report 2021-04-13 11:18:11

As the country is set to embrace a 'hard' lockdown from tomorrow (Wednesday), the World Bank (WB) on Monday released the Bangladesh Development Update (BDU) highlighting the impact of the Covid-19 on...

Stocks slide at opening as market to remain closed during lockdown

Stocks slide at opening as market to remain closed during lockdown

FE ONLINE REPORT 2021-04-13 11:08:50

Stocks opened marginally lower on Tuesday after witnessing a modest rise the previous day riding on the news of stock market closure during the forthcoming lockdown. Trading and settlement activities...

Pubali Bank declares 12.50pc cash dividend for 2020

Pubali Bank declares 12.50pc cash dividend for 2020

FE Online Report 2021-04-13 10:34:43

The board of directors of Pubali Bank has recommended 12.50 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual general meet...

Brac Bank declares 10pc cash, 5.0pc stock dividend

Brac Bank declares 10pc cash, 5.0pc stock dividend

FE ONLINE REPORT 2021-04-13 10:34:20

The board of directors of Brac Bank has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the a...

Bangladesh recovery beckons: WB

Bangladesh recovery beckons: WB

FE ONLINE DESK 2021-04-12 12:50:22

Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination programme. This has been reflected in a new Worl...

Stocks rise at opening on bargain hunting

Stocks rise at opening on bargain hunting

FE ONLINE REPORT 2021-04-12 11:01:32

Stocks witnessed an upward trend on Monday after a sharp fall in the past two days as bargain hunters were mostly active on sector-wise lucrative issues. Meanwhile, the bourses have extended the trad...