Search results for: bangladesh

Index Agro makes debut trading Wednesday

-- 2021-04-06 09:18:56

Index Agro Industries will make its debut trading tomorrow (Wednesday) on completion of listing process, the officials said. The officials of Dhaka Stock Exchange (DSE) have confirmed the date of the...

Covid surge in Bangladesh clouds quarter-4 revenue collection

DOULOT AKTER MALA 2021-04-06 08:12:00

The government's tax revenue collection efforts, economists have feared, might face a setback in the final quarter (April-June) of the current fiscal year (FY) because of the latest lockdown. The gov...

Banks, financial institutions asked to prepare business continuity plan to face any crisis

FE REPORT 2021-04-05 10:15:12

Banks and other financial institutions (FIs) have been asked to prepare a business continuity plan (BCP) to deal with any crisis in the coming days. BCP is defined as the capability of an organisatio...

Margin loan ceiling raised to curb free-fall of share prices

FE REPORT 2021-04-05 09:02:09

The stock market regulator on Sunday increased the marginal loan limit for the investors to curb the free-fall of share prices. From now on, investors will be able to borrow more than before. The in...

Dhaka receives big budgetary supports from overseas aid in Jul-Feb

FHM HUMAYAN KABIR 2021-04-05 08:53:32

The country received 6.62 per cent higher foreign assistance in the first eight months of the current fiscal year (FY2020-21) as compared to the corresponding period of the previous FY, officials sa...

Stocks in free fall amid panic-driven sell-offs

FE Online Report 2021-04-04 16:37:38

Stocks witnessed a big fall on Sunday as investors dumped their holdings amid fears over the adverse impact of the coronavirus lockdown in the country. The market opened on a free fall which contin...

Stocks collapse at opening amid deepening worries

FE ONLINE REPORT 2021-04-04 11:21:17

Stocks tumbled at opening on Sunday as panic gripped investors fearing further fall of share prices riding on the news of a countrywide lockdown to slow the spread of the deadly coronavirus. The mark...

‘Commercial judicial system needs major reforms to do better in EODB index’

FE ONLINE REPORT 2021-04-03 19:26:48

In order to do better in the ease of doing business (EODB) index, Bangladesh needs to reform commercial law, improve land border facilities and more efficient banking system, said discussants and stak...

Number of Japanese firms in Bangladesh increases four times in 10 years

-- 2021-04-03 17:22:15

The number of Japanese companies operating in Bangladesh has increased around four times in 10 years as the government ensured better business climate for the foreign investors in the country. Accord...

Bourses to continue trading if bank operations remain unaffected

FE ONLINE REPORT 2021-04-03 16:57:08

Trading and settlements at both the bourses will be continued if the banks provide their services amid covid-19 pandemic or any other situation, officials said on Saturday. In a statement, Dhaka Stoc...

Weekly market review: Corona panic grips investors, losing streak extended

FE Report 2021-04-03 13:24:44

Dhaka bourse passed the week with a moderate loss both in broad index and turnover as investors were panicked over the surge in covid infections and deaths. Amid selling pressure and cautious stanc...

FTA studies galore, but no deal yet for Bangladesh

SYFUL ISLAM 2021-04-03 12:39:43

Bangladesh examined the viability of striking free trade agreements (FTAs) with nearly two and a half dozen countries in the last decade, but it did not sign a single deal. Officials concerned have a...

Central bank to support SMEs build resilience

-- 2021-04-02 22:49:22

Bangladesh Bank (BB) will provide a total of Tk 600 billion financing to Small and Medium Enterprises (SMEs) by 2023 to ensure economic resilience that will enhance GDP, employment, and inclusive deve...

Bangladesh's remittance earnings rise 35pc in July-March

FE REPORT 2021-04-02 10:54:23

Remittance inflow saw some 35 per cent growth during the July-March period of the current fiscal year (FY), 2020-21, compared to the same period a year back. During the first nine months of current F...

Dhaka Stock Exchange Index tumbles to three-month low

FE REPORT 2021-04-01 09:45:27

The benchmark index of Dhaka bourse tumbled to a three-month low on Wednesday, with most stocks ending in the red amid spike in Covid-19 infections. The DSEX, the key index of the Dhaka Stock Exchang...

We will suffer if pandemic affects global market, says finance minister

-- 2021-03-31 20:00:25

Finance Minister AHM Mustafa Kamal has said Bangladesh’s economy will face sufferings if the coronavirus pandemic hugely affects the global market. The minister also expressed his hope that loc...

Bangladesh may see 7.20pc growth in current fiscal, says ESCAP

FE Online Report 2021-03-31 18:03:30

Bangladesh economy may rebound robustly in the current fiscal year (FY21) as the gross domestic product (GDP) is likely to post 7.20 per cent growth. Economic and Social Survey of Asia and the Pacifi...

Bangladesh’s GDP to increase by 3.6pc in current fiscal, World Bank says

-- 2021-03-31 16:13:30

Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 per cent in 2021 and 4.4 per cent in 2022, climbing from historic lows in 2020 and putting the region...

Mutual funds see price appreciation

FE Report 2021-03-31 10:38:48

The majority number of listed mutual funds (MFs) witnessed price appreciation on Monday following investors' increased participation. On the day, the MFs also dominated the chart of top 10 gainers on...

Green Delta Insurance approves 32pc dividend

FE DESK REPORT 2021-03-31 10:34:04

Green Delta Insurance Company Limited has declared 32 per cent dividend (7.5 per cent stock dividend and 24.5 per cent cash dividend) for its shareholders for the year ended December 31, 2020. The an...

Bangladesh Bank frames policy on startup financing

FE REPORT 2021-03-31 08:50:32

The Bangladesh Bank (BB) has formulated a policy relating to the disbursement of funds worth Tk 5.0 billion for startups. The disbursement of funds to the startup clients will be made collateral-fr...

Premier Hasina calls for global action to address liquidity crisis, debt burden in post-Covid era

-- 2021-03-30 08:22:47

Prime Minister Sheikh Hasina on Monday stressed the need for concerted global actions and robust leadership to quick recovery of the liquidity crisis and sovereign debt burdens during and the post Cov...

Extreme poverty rate to come down to 3pc by 2030, Momen hopes

-- 2021-03-29 21:28:58

Foreign Minister AK Abdul Momen has expressed his optimism that extreme poverty rate will come down to 3 per cent by 2030 and the country will be free of poverty after 2041. "Once 80 per cent people...

Investment proposals increase by 68.50pc in Oct-Dec period, BIDA says

-- 2021-03-29 17:17:29

The number of investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by 68.50 per cent (Taka 95,794.719 million) during the October to December quarter in 2020 compared...

BEPZA attaches highest priority to workers' welfare, says law minister

-- 2021-03-29 08:55:00

Geographical location, inexpensive and easily trainable workforce and moderate production cost have helped Bangladesh become an attractive investment destination, Law Minister Anisul Huq said Sunday....

86pc of investors' complaints resolved through CCAM

FE Report 2021-03-29 08:38:11

Around 86 per cent of the investors' complaints so far submitted online have been addressed through the Customer Complaints Address Module (CCAM). The Bangladesh Securities and Exchange Commission (B...

BSEC to defer implementation of directive on margin loan interest cap for 6 months

FE Report 2021-03-29 08:25:59

The securities regulator is set to defer the implementation of its directive regarding the cap on margin loan interest for six months considering the interest of the market and its operators. The ass...

Leather sector seeks tax cuts

FE Report 2021-03-29 08:22:23

The Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) sought reduction of corporate income tax and source tax on export to stay competitive in global market. T...

Bangladeshi banks asked to charge lowest L/C margin for Ramadan imports

FE REPORT 2021-03-29 08:07:28

The central bank on Sunday asked the commercial banks to charge lowest level margin while opening letter of credit (LC) for importing essential commodities. The Bangladesh Bank (BB) issued the direct...

India coy about consultation on anti-dumping duty on Bangladeshi jute goods

SYFUL ISLAM 2021-03-29 07:56:57

Bangladesh, in the face of opposition from India, failed to accommodate a provision of 'pre-initiation consultation' on the anti-dumping issue in the MoU on trade remedial measures, signed between the...