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Search results for: bangladesh

Bourses extend trading time by 30 minutes to 12:30 pm

Bourses extend trading time by 30 minutes to 12:30 pm

FE ONLINE REPORT 2021-04-12 10:33:21

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) have extended the trading time by 30 minutes in line with the banking hours effective from today (Monday). Trading on the DSE an...

Islamic Finance declares 10pc cash dividend

Islamic Finance declares 10pc cash dividend

FE Online Report 2021-04-12 10:30:59

The board of directors of Islamic Finance & Investment has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the...

Economists suggest increasing budgetary spending so that money flows into people's pockets

Economists suggest increasing budgetary spending so that money flows into people's pockets

FE REPORT 2021-04-12 08:12:42

Country's leading economists on Sunday suggested the government pursue an expansionary fiscal policy and increase its spending to help money flow into the people's hands. They also recommended wideni...

Finance Minister Kamal upbeat about 7.4pc growth target

Finance Minister Kamal upbeat about 7.4pc growth target

FHM Humayan Kabir 2021-04-11 12:50:30

1. We are observing that the Bangladesh economy is showing 'signs of recovery' even after COVID-19 pandemic. Do you think that the economy will fully rebound within this FY2021 as the govt. targets...

Linde Bangladesh declares 400pc cash dividend

Linde Bangladesh declares 400pc cash dividend

FE Online Report 2021-04-11 11:48:43

The board of directors of Linde Bangladesh has recommended a 400 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual general...

Stocks open sharply lower

Stocks open sharply lower

FE ONLINE REPORT 2021-04-11 11:46:02

Stocks opened sharply lower on Sunday as risk-averse investors dumped their holdings following the strict lockdown news ahead and withdrawal of floor price restriction for 66 issues. The market fell...

Eastland Insurance recommends 10pc dividend

Eastland Insurance recommends 10pc dividend

FE Online Report 2021-04-11 11:36:46

The board of directors of Eastland Insurance Company has recommended 7.0 per cent cash and 3.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will...

Price erosion ceiling for 66 listed securities reduced

Price erosion ceiling for 66 listed securities reduced

FE REPORT 2021-04-11 11:11:12

The securities regulator has reduced the price erosion ceiling for 66 listed securities to avert the impact of their price fall on the benchmark index amid the ongoing lockdown. As per the regulatory...

Uttara Bank declares 12.5pc cash, 12.5pc stock dividend

Uttara Bank declares 12.5pc cash, 12.5pc stock dividend

FE Online Report 2021-04-11 10:56:10

The board of directors of Uttara Bank has recommended 12.50 per cent cash and 12.50 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come durin...

Adviser Mashiur Rahman backs business-friendly tax regime

Adviser Mashiur Rahman backs business-friendly tax regime

FE REPORT 2021-04-11 10:28:23

Prime Minister's Economic Affairs Adviser Dr Mashiur Rahman on Saturday stressed the need for a business-friendly tax regime that would not change frequently and hinder the business growth. "Frequent...

Finance minister wary of external shocks amid Covid-19

Finance minister wary of external shocks amid Covid-19

FHM Humayan Kabir 2021-04-11 08:37:34

Finance Minister AHM Mustafa Kamal has identified "external shocks and the possibility of slower global economic recovery" as the main challenges to Bangladesh's economic rebound amid the Covid-9 pa...

Stakeholders for economic recovery guideline in budget for FY22

Stakeholders for economic recovery guideline in budget for FY22

FE ONLINE REPORT 2021-04-10 20:18:31

Stakeholders and experts at a pre-budget discussion on Saturday called for a specific guideline in the next budget for economic recovery as the second wave is going on and it may have a huge implicati...

Capital market to follow banking sector's ‘lead’ during lockdown, BSEC says

Capital market to follow banking sector's ‘lead’ during lockdown, BSEC says

-- 2021-04-10 18:40:11

The capital market will continue its operation in the interest of investors in any situation during the Covid-19 pandemic if the banking activities continue. The Bangladesh Securities and Exchange Co...

Official assistance offsets Covid food insecurity: Study

Official assistance offsets Covid food insecurity: Study

FE REPORT 2021-04-10 12:54:46

The government's support strengthened the food security of rural households in 2021, following the Covid-induced lockdown during April-May last year, according to a study. However, the overall food...

Robi declares 3.0 per cent interim cash dividend

Robi declares 3.0 per cent interim cash dividend

-- 2021-04-10 11:21:37

Robi Axiata, the country's second largest telecom operator, has declared 3.0 per cent interim cash dividend for the year 2021. The company declared the interim cash dividend out of the retained earni...

Government’s bank borrowings during July-March period drop

Government’s bank borrowings during July-March period drop

Reuters 2021-04-10 09:17:55

The government's borrowing from the country's banking system dropped significantly in the first nine months of this fiscal year (FY), 2020-21, with an increasing reliance on the National Savings Depar...

Solar home system scheme benefits Bangladesh $1.7b

Solar home system scheme benefits Bangladesh $1.7b

FE Report 2021-04-09 17:22:09

Bangladesh's net benefit for using the solar home system (SHS) was estimated at US$1.7 billion at constant 2018 US dollar price, said a World Bank (WB) report. It said the net financial gain of Bangl...

Tax receipts from DSE jump 113pc in nine months

Tax receipts from DSE jump 113pc in nine months

Babul Barman 2021-04-09 17:19:11

The government's revenue earnings from the prime bourse marked a whopping 113 per cent rise in the first nine months of the current fiscal year (FY) compared to the same period of the previous fiscal....

Top business leaders press for more Covid aid

Top business leaders press for more Covid aid

FE REPORT 2021-04-09 14:02:21

The country's top business leaders have sought extension of the tenure and expansion of the coverage of incentive packages to offset Covid-19's impacts on the economy. Last year, the government annou...

Stocks snap three-day winning streak on ‘floor price’ lifting news

Stocks snap three-day winning streak on ‘floor price’ lifting news

FE ONLINE REPORT 2021-04-08 14:17:21

Stocks slumped on Thursday, snapping a three-day winning streak, as risk-averse investors dumped their holdings riding on the news that the securities regulator lifted the floor price of 66 companies....

Stocks slide at opening on floor price lifting news

Stocks slide at opening on floor price lifting news

FE ONLINE REPORT 2021-04-08 11:20:51

Stocks tumbled at the opening on Thursday, after a three-day gain, as cautious investors went for selling shares following the news that the securities regulator lifted the floor prices of 66 companie...

Floor prices of 66 issues lifted after one year

Floor prices of 66 issues lifted after one year

FE Report 2021-04-08 08:56:30

The securities regulator has lifted the floor prices of 66 listed securities to ease the transactions of their shares or units. The decision was taken on Wednesday at a meeting held at office of the...

BSEC approves green bond for first time in Bangladesh

BSEC approves green bond for first time in Bangladesh

-- 2021-04-07 21:46:40

Bangladesh Securities and Exchange Commission (BSEC) has allowed a non-governmental organisation to raise Tk 1.0 billion from the capital market by issuing green bonds for the first time in Bangladesh...

Bangladesh emphasises exploring all avenues for post Covid economic recovery, says foreign minister

Bangladesh emphasises exploring all avenues for post Covid economic recovery, says foreign minister

FE ONLINE REPORT 2021-04-07 20:09:45

In order to minimise the worsening effects of Covid-19 on the world economy, Bangladesh stresses the need for exploring all avenues for economic recovery through collaboration among the D-8 member sta...

Trade deficit crosses $11b level in eight months

Trade deficit crosses $11b level in eight months

FE Online Report 2021-04-07 19:43:41

Bangladesh’s merchandise trade gap with the rest of the world registered around 9.90 per cent growth in the first eight months of the current fiscal year (FY21) over the same period of FY20. Ba...

IMF scales up projection for Bangladesh's GDP growth to 5pc

IMF scales up projection for Bangladesh's GDP growth to 5pc

-- 2021-04-07 16:52:54

The International Monetary Fund (IMF) has scaled up its projection for Bangladesh's GDP growth to 5 per cent in 2021, from its previous forecast of 4.4 per cent in October last year, amid concerns ove...

Finance minister Kamal seeks $500m WB budgetary support

Finance minister Kamal seeks $500m WB budgetary support

-- 2021-04-07 08:45:45

Finance Minister AHM Mustafa Kamal has sought US$500 million as budgetary support from the World Bank to face the impacts of Covid-19 pandemic. The minister made the call on Monday night at a virtual...

Exports rise 12.59pc in March

Exports rise 12.59pc in March

FE REPORT 2021-04-07 08:35:08

The country's export earnings in March 2021 posted a 12.59 per cent growth to US$3.07 billion over that of the corresponding month of 2020, when Bangladesh fetched $2.73 billion in March last year. T...

Customs bond authorities fear abuse by BIN-locked firms

Customs bond authorities fear abuse by BIN-locked firms

DOULOT AKTER MALA 2021-04-07 08:18:11

The customs bond authority has suspended some 700 bond licences of export-oriented units in recent times. The suspension was put into effect after detecting irregularities of various types, one being...

‘Green Bond’ to be launched in capital market soon

‘Green Bond’ to be launched in capital market soon

-- 2021-04-06 19:20:54

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubaiyat-Ul Islam on Tuesday said that ‘Green Bond’ would be launched in the capital market for ensuring sustainab...