Search results for: bangladesh

Bangladesh’s inflation hits seven-year high

-- 2020-11-05 10:20:52

Bangladesh’s point-to-point general inflation rate has increased to 6.44 per cent in October, the highest in seven years, amid the coronavirus (COvid-19) pandemic. The country had the previous...

Policymakers urged to strategise recovery plan for newly vulnerable groups

FE REPORT 2020-11-05 09:47:23

Policymakers should focus more on newly-vulnerable population alongside the pre-existing marginalised groups while framing strategies for the pandemic recovery, experts have said. They also said many...

Forex reserves to reach $50b next year, finance minister says

-- 2020-11-04 18:11:11

Finance Minister AHM Mustafa Kamal has hoped that the country’s foreign currency reserves will reach $50 billion by December 2021.  “Hopefully our foreign currency reserves will reac...

Stocks snap four-day gaining streak

FE ONLINE REPORT 2020-11-04 16:02:48

Stocks slipped into the red on Wednesday, snapping a four-day winning streak, as risk-averse investors opted for booking profit on quick-gaining issues. DSEX, the key index of the Dhaka Stock Exchang...

DSE to introduce pre-opening, post-closing sessions Nov 19

FE Online Report 2020-11-04 13:12:40

Dhaka Stock Exchange (DSE) will introduce new sessions such as pre-opening and post-closing session on November 19 to create the scope of determining justified opening and closing price of the listed...

BEZA seeks rational interest rate

FE REPORT 2020-11-04 09:43:15

Bangladesh Economic Zones Authority (BEZA) has sought rationalisation of the interest rate on loans it took out from a state-owned non-banking financial institution between 2015 and 2018. In a letter...

Listed companies may be barred from transferring funds to subsidiaries

Mohammad Mufazzal 2020-11-04 09:29:42

The listed companies might soon be barred from providing interest-free loans to their subsidiaries or non-listed companies. A move to this effect is under consideration of the securities regulator---...

BB publishes Manual of Credit Guarantee Scheme for banks

-- 2020-11-03 21:09:32

Bangladesh Bank on Tuesday published 'Manual of Credit Guarantee Scheme' for the banks to follow in facilitating loans for cottage, micro and small enterprises (CMS) under the government-announced eco...

Esquire Knit Composite declares 15pc cash dividend

FE Online Report 2020-11-03 20:35:22

The Board of Directors of Esquire Knit Composite, a business unit of the Esquire Group, has recommended a 15 per cent cash dividend for the year ended on June 30, 2020. The final approval will come d...

Stocks manage some gains to extend winning streak

FE ONLINE REPORT 2020-11-03 16:12:53

Stocks managed some gains on Tuesday to extend the winning streak for the fourth straight sessions as bargain hunters continued their buying binge on sector-wise issues. DSEX, the key index of the Dh...

Stocks rise at opening on corporate declarations

FE ONLINE REPORT 2020-11-03 11:36:21

Stocks witnessed positive trend in early trading on Tuesday as bargain hunters continued their buying appetite on sector-wise issues based on corporate declarations. Following the previous three days...

Alltex Industries shut factory for 45 days

FE ONLINE REPORT 2020-11-03 11:35:35

The board of directors of Alltex Industries has decided to temporarily shut down the factory for 45 days from Monday to carry out the refurbishment and reinstallation of underground gas lines. &ldquo...

DSEX exceeds 4,900-mark again

FE ONLINE REPORT 2020-11-02 16:05:10

Stocks posted a marginal gain on Monday, extending the gaining streak for the third straight sessions, as bargain hunters continued their buying binge on sector-wise issues based on corporate declarat...

Express Insurance declares 5.0pc interim cash dividend

FE ONLINE REPORT 2020-11-02 11:23:08

The board of directors of Express Insurance Ltd has declared a 5.0 per cent interim cash dividend based on nine months’ un-audited financial statements that ended on September 30, 2020. The rec...

Bourses open on upward note

FE ONLINE REPORT 2020-11-02 10:53:49

Stocks witnessed positive trend in early trading on Monday as bargain hunters continued their buying appetite on sector-wise issues based on corporate declarations. Following the previous day’s...

Listed companies can now disburse interim cash dividend

FE REPORT 2020-11-02 10:39:09

The securities regulator has allowed the listed companies to recommend and distribute interim cash dividend from retained earnings subject to fulfilment of other rules and requirements. The Banglades...

Brands, retailers need to better buying practice for post-pandemic recovery

Monira Munni 2020-11-02 10:09:45

Brands and retailers must improve their purchasing practices in meeting the post-Covid demand and protecting supply chain workers during the pandemic recovery, according to a global report. The repor...

Sponsor directors given Dec 9 deadline to hold 30pc company shares

FE REPORT 2020-11-02 10:00:05

The securities regulator has extended the deadline for sponsor-directors of the listed companies to comply with its directive to hold minimum of 30 per cent shares jointly up to December 9. The exten...

Economic reopening hardly serves the poor

FE REPORT 2020-11-02 09:42:38

The resumption of economic activities reduced the number of the crisis-caused "new poor" by only 1.1 percentage points to 21.7 per cent, according to a study. In the April study, the percentage of em...

Remittance inflow increases by 43pc in four months

-- 2020-11-01 21:38:02

Expatriate Bangladeshis sent $8,825 million remittances in the first four months of the current fiscal 2020-21, which is 43.24 per cent higher than the amount of the corresponding period of the previo...

CSE offers free bulk, foreign trade to members for three months

FE ONLINE REPORT 2020-11-01 19:14:27

The Chittagong Stock Exchange (CSE) has declared a three-month-long promotional programme to encourage more transactions in bulk and foreign windows. In a statement, the port-city bourse said its mem...

US keen to help Bangladesh diversify its private sector

-- 2020-11-01 16:56:38

The United States has said it wants to help Bangladesh to diversify its private sector to move some of it away from the ready-made garment (RMG) industry into other high-value areas including the digi...

Stocks open month on upbeat note; turnover slumps

FE ONLINE REPORT 2020-11-01 16:14:54

Stocks ended higher on Sunday, the first trading day of November, as bargain hunters showed a buying spree on lucrative issues based on corporate declarations. DSEX, the key index of the Dhaka Stock...

Berger to invest Tk 914.8m to set up 2nd unit of Jenson & Nicholson

FE Online Report 2020-11-01 12:16:01

Berger Paints Bangladesh Ltd is going to invest Tk 914.8 million by Jenson & Nicholson (Bangladesh) Ltd for the establishment of a second unit of the subsidiary at Savar. The project is expected...

Stocks make marginal gains at opening

FE ONLINE REPORT 2020-11-01 12:05:20

Stocks posted a marginal gain in early trading on Sunday as investors remained cautious amid the ongoing earnings and dividend declarations session. Following the previous week’s downturn, the...

Zeal Bangla’s share trading resumes today after 7-week

FE ONLINE REPORT 2020-11-01 11:57:13

Share trading of Zeal Bangla Sugar Mills resumes today (Sunday), after remaining suspended for the seven weeks due to abnormal price hike of its share price. The Bangladesh Securities and Exchange Co...

Local govt bodies given only 1.0pc of budgetary money

FE REPORT 2020-11-01 09:57:11

Speakers during a webinar on Saturday said local government institutions receive only around 1.0 per cent of the total fiscal budget. They highly depend on grants and central government transfers, al...

Dhaka wants IFC to cut lending rate

FE Report 2020-11-01 09:48:48

Finance Minister AHM Mustafa Kamal has called upon the International Finance Corporation (IFC), the private sector lending window of the World Bank Group, to reduce the rate of interest on its loan to...

Bangladesh's public spending in July-Sept quarter slowest in years

JASIM UDDIN HAROON 2020-11-01 09:36:08

The public expenditure increased in the first quarter (Q1) of the current fiscal year (FY2020-21) but at its slowest pace in many years. Officials blamed the Covid-19 pandemic for the decline in the...

Deposit-lending rate gap widens

SIDDIQUE ISLAM 2020-11-01 09:30:26

The interest rate spread in the country's banking system increased further in September 2020 as banks slashed rates on deposits more than those of lending. The weighted average spread between lending...