Search results for: bangladesh

Back to the drawing board: Stakeholders' dialogue on quicker fund flow from stimulus packages

SYFUL ISLAM 2020-11-12 09:44:10

Amid slow disbursement of Covid-19 stimulus packages, the government has decided to hold dialogues with trade groups, banks, and the ministries concerned to find a way forward, officials said. The fi...

RMG export faces setbacks as Covid-19 surges in US, Europe again

-- 2020-11-11 16:25:00

Bangladesh's forex-fetching readymade garment industry had begun to show signs of revival with expectations of a surge in foreign orders before the Christmas after a huge slump in export. But it is no...

Stocks extend losses after bumpy ride

FE ONLINE REPORT 2020-11-11 16:07:40

Stocks extended the losing streak for the two straight sessions on Wednesday as risk-averse investors continued their sell-offs on sector-wises issues. DSEX, the key index of the Dhaka Stock Exchange...

Dominage Steel to hold IPO lottery draw Nov 16

FE ONLINE REPORT 2020-11-11 13:31:27

Dominage Steel Building Systems is set to hold its IPO (initial public offering) lottery draw on November 16, aiming to allocate 30 million ordinary shares among successful applicants. The company...

Stocks witness negative trend at opening on profit booking

FE ONLINE REPORT 2020-11-11 11:04:26

Stocks witnessed a downward trend in early hours trading on Wednesday as investors mostly followed cautious stance after corporate declarations of most of the companies. Following the previous day&rs...

Inter-factory transfer of raw materials to be taxable: NBR

FE REPORT 2020-11-11 10:20:42

Manufacturing industries will have to pay VAT for transferring raw materials from one factory to another, according to a clarification of the revenue board. However, the manufacturing units will get...

Stocks slump as large-cap issues fall

FE ONLINE REPORT 2020-11-10 16:00:56

Stocks ended lower on Tuesday, after remaining flat in the previous day, as risk-averse investors went on profit booking sell-offs on large-cap issues. DSEX, the key index of the Dhaka Stock Exchange...

PRAN-RFL Group to create 5000 jobs in Rajshahi

FE ONLINE DESK 2020-11-10 14:51:01

PRAN-RFL Group’s Barind (Varendra) Industrial Park in Rajshahi will create four to five thousand jobs, of which 95 per cent job holder will be local, says a media release. It has plan to produc...

Cautious investors push markets into mixed territory

FE ONLINE REPORT 2020-11-10 11:52:24

Stocks witnessed mixed trends in early trading on Tuesday as investors mostly followed cautious stance after corporate declarations of most of the companies. Following the previous day’s negati...

ACI declares 90pc dividend

FE ONLINE REPORT 2020-11-10 11:23:17

The board of directors of ACI Limited has recommended 80 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2020. The annual general meeting (AGM) will be held on December 24...

Companies show lukewarm response to submission of IPO proposals

Mohammad Mufazzal 2020-11-10 10:20:39

Companies willing to raise funds showed lukewarm response to submit IPO proposals based on the financials for the year ended on June 30 as COVID-19 hit their businesses along with hampering preparatio...

Energypac Power’s IPO subscription opens Dec 7

FE ONLINE REPORT 2020-11-09 11:21:25

The initial public offering (IPO) subscription of Energypac Power Generation Ltd will commence on December 7, aiming to raise Tk 1.50 billion under the book-building method. The IPO subscription for...

DSE up, CSE down in early trading

FE ONLINE REPORT 2020-11-09 10:58:29

Stocks witnessed mixed trends in early trading on Monday as investors mostly followed cautious stance after corporate declarations of most of the companies. Following the previous day’s negativ...

Stocks back in red after single-day break

FE Online Report 2020-11-08 16:24:03

Stocks slipped back into the red on Sunday, after a single-day break as risk-averse investors went on late hours selling binge on sector-wise issues. DSEX, the key index of the Dhaka Stock Exchange,...

Index Agro’s cut-off price fixed at Tk 62 each

FE Online Report 2020-11-08 15:56:19

The cut-off price of shares of Index Agro Industries has been fixed at Tk 62 each through electronic bidding by eligible investors. The eligible investors took part in the price discovery of the comp...

Power Grid declares 20pc cash dividend

FE ONLINE REPOERT 2020-11-08 11:03:55

The board of directors of state-run Power Grid Company of Bangladesh has recommended a 20 per cent cash dividend for the year ended on June 30, 2020. The final approval of the dividend will come duri...

Bourses open week on positive note

FE ONLINE REPORT 2020-11-08 10:55:30

Stocks witnessed positive trend in early trading on Sunday as bargain hunters remained active on sector-wise issues based on corporate declarations. Following the previous week’s upward trend,...

Banks bank on low provisioning

FE REPORT 2020-11-08 10:23:57

Most of the listed banks witnessed rise in EPS (earnings per share) for July-September, 2020 compared to same period of the previous year. Officials said the banks' EPS rose following the central ban...

72pc firms yet to receive stimulus: SANEM

-- 2020-11-07 20:07:13

Around 72 per cent of the firms surveyed are yet to receive any stimulus package, according to a survey of South Asian Network of Economic Modeling (SANEM). The major challenges include lack of packa...

Most non-banking financial institutions lose profitability

Babul Barman 2020-11-07 10:47:47

The earnings per share (EPS) of most of the listed non-banking financial institutions (NBFIs) fell in the nine months to September this year compared to that of the corresponding period of last year...

Insurance regulator sharpens focus on governance of companies

Ismail Hossain 2020-11-07 10:35:12

The insurance regulator wants to popularise insurance in the country and ensure good governance in the companies in order to make the industry stable, accountable and transparent. Dr M Mosharraf Hoss...

WB to fund Bangladesh's western economic corridor project

FHM HUMAYAN KABIR 2020-11-07 09:52:32

The World Bank (WB) has agreed to finance the country's western economic corroder with a view to facilitating a smart connectivity there, an official said on Friday. The Washington-based lender wou...

Bangladesh among nations at bottom in greenfield FDI index

JASIM UDDIN HAROON 2020-11-07 09:44:21

Bangladesh has been ranked the third worst-performing country in the world in terms of attracting green-field foreign direct investment (FDI), according to a global ranking. "Greenfield" investment...

LDC graduation may cost Bangladesh $7.0b worth of exports a year

FHM Humayan Kabir 2020-11-06 09:40:09

Bangladesh is likely to lose US$7.0 billion worth of export earnings annually after graduation to a developing nation status in 2024, a government report estimates. The report said the country could...

Govt’s Tk 1.13t stimulus covers 8.0pc of total employment: CPD

FE Online Report 2020-11-05 18:28:42

Only 8.0 per cent of the country’s total employment has been covered by various stimulus packages worth Tk 1.13 trillion announced by the government to help offset the economic fallout from the...

‘Government working to build a vibrant blue economy’

-- 2020-11-05 17:38:53

Prime Minister Sheikh Hasina on Thursday said the government has been working to build a vibrant blue economy by utilising marine resources for Bangladesh's economic prosperity. "We not only want to...

Bangladesh-Pakistan trade reaches $543.90m in FY20

FE ONLINE REPORT 2020-11-05 16:06:05

The bilateral trade between Bangladesh and Pakistan reached US$543.90 million in the fiscal year 2019-20. Of the total trade, Bangladesh’s export to Pakistan stood at US$50.54 million while the...

Bangladesh's own business climate index in place of WB's

JASIM UDDIN HAROON 2020-11-05 11:27:19

Bangladesh is mulling the introduction of its own index to assess the country's business environment as the World Bank (WB) has halted the publication of its flagship report 'Ease of Doing Business'....

Stocks open higher amid optimism

FE ONLINE REPORT 2020-11-05 11:03:32

Stocks witnessed upward trend in early trading on Thursday as bargain hunters remained active on sector-wise issues based on corporate declarations. Following the previous day’s modest correcti...

Associated Oxygen declares 10pc dividend

FE ONLINE REPORT 2020-11-05 10:55:34

The board of directors of recently listed Associated Oxygen has recommended 2.0 per cent cash dividend to public shareholders other than sponsors- directors and 8.0 per cent stock dividend to all the...