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Search results for: bangladesh

Nordic companies urged to invest in Bangladesh

Nordic companies urged to invest in Bangladesh

FE ONLINE REPORT 2021-08-30 14:32:47

Stakeholders at a virtual discussion urged the Nordic investors to take advantage of an improved business climate in Bangladesh, highlighting the reforms initiated by the government in recent times....

AIMS approves dividends for its two MFs

AIMS approves dividends for its two MFs

FE REPORT 2021-08-30 08:50:42

The Trustee Committee of two closed-end mutual funds under management of AIMS of Bangladesh, the country's first private asset-management company (AMC), has approved dividends for the year ended on Ju...

Regulator to fine ICB companies for violation of rules

Regulator to fine ICB companies for violation of rules

FE REPORT 2021-08-30 08:39:22

The securities regulator has decided to penalise ICB Securities Trading Company for disbursing margin loans to its clients without any agreement, which is a violation of securities rules. However,...

Sri Lanka set to get another $100m from Bangladesh under swap arrangement

Sri Lanka set to get another $100m from Bangladesh under swap arrangement

SIDDIQUE ISLAM 2021-08-30 08:32:58

Bangladesh is set to send US$100 million more to Sri Lanka today (Monday) to help the island nation in minimising foreign-exchange crunch on their economy, officials said. The fund from Bangladesh...

Bata Shoe returns to profit in April-June

Bata Shoe returns to profit in April-June

FE ONLINE REPORT 2021-08-29 16:02:06

Bata Shoe Company (Bangladesh) has returned to profit in the second quarter (Q2) for April-June 2021 as against the same quarter last year thanks to a boost in sales.  The company has reported i...

Stocks drop further with falling turnover

Stocks drop further with falling turnover

FE ONLINE REPORT 2021-08-29 15:31:48

Stocks dropped further on Sunday, extending the losing streak for the third straight session, as investors mostly followed a cautious stance following the central bank’s ongoing investigation of...

Express Insurance declares 2.0pc final dividend

Express Insurance declares 2.0pc final dividend

FE ONLINE REPORT 2021-08-29 11:24:38

The board of directors of Express Insurance Company has recommended a 2.0 per cent final cash dividend for the year ended on December 31, 2020. With the latest, the company now declared a total 7.0 p...

Stocks open mixed with low turnover

Stocks open mixed with low turnover

FE ONLINE REPORT 2021-08-29 10:57:19

Stocks witnessed a mixed trend at the opening on Sunday, the first day of the week, as investors mostly followed a cautious stance amid the central bank’s investigation of banks investment in th...

BRAC Bank to issue Tk 6.0b bond to provide affordable housing finance

BRAC Bank to issue Tk 6.0b bond to provide affordable housing finance

FE ONLINE REPORT 2021-08-29 10:40:31

BRAC Bank has decided to issue non-convertible bonds worth up to Tk 6.0 billion to raise funds for providing affordable housing finance to lower and middle-income groups of the country. The bank wi...

Abnormal price rise of shares of 15 companies

Abnormal price rise of shares of 15 companies

FE REPORT 2021-08-29 09:35:46

Some 15 listed companies recently saw abnormal rise in share prices though there was no undisclosed price-sensitive information (PSI). According to information of Dhaka Stock Exchange (DSE), the co...

Regulator moves to remove IPO quota

Regulator moves to remove IPO quota

MOHAMMAD MUFAZZAL 2021-08-29 09:32:37

The securities regulator has moved to remove IPO quota gradually to ensure equal participation of general and institutional investors as the market is better now after 2010-11 debacle. As part of t...

Stakeholders call for developing local market, production capacity

Stakeholders call for developing local market, production capacity

FE DESK REPORT 2021-08-29 09:25:06

Speakers at a virtual dialogue on Saturday stressed the need for developing local market and manufacturing capacity to face emerging challenges and remain competitive in the post-LDC era. They also s...

Bangladesh's business recovery hurt by 2nd wave lockdown

Bangladesh's business recovery hurt by 2nd wave lockdown

FE REPORT 2021-08-29 09:04:22

The lockdown enforced to control the second wave of coronavirus transmission has slowed down the business-recovery process in Bangladesh as 64 per cent of the firms registered poor rebound from the pa...

Safety net payout thru’ MFS eases life, improves efficiency

Safety net payout thru’ MFS eases life, improves efficiency

FE REPORT 2021-08-29 08:57:45

Digitisation of the government aid and safety net allowance disbursement is directly helping in attaining social and financial inclusion of the marginalised people across the country. This digitisa...

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

Bangladesh in a geopolitical juncture with promises of blue economy: Analysts

FE ONLINE REPORT 2021-08-28 19:40:25

In the potential hotspot of great power rivalry and amid threats of civil war in the neighbourhood, Bangladesh needs to formulate a package of policies for pursuing economic interests utilising its se...

Govt mulls a watchdog for defaulting loans

Govt mulls a watchdog for defaulting loans

-- 2021-08-28 18:59:25

The government is mulling the formation of a watchdog that would deal with the systematic problems of non-performing loans that have troubled some banks and financial institutions over the years, acco...

MCCI foresees higher export receipts, remittance inflow

MCCI foresees higher export receipts, remittance inflow

FE REPORT 2021-08-28 10:50:13

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) forecasts an upturn in export receipts, import values and inward remittance at the end of the first quarter of this fiscal. According t...

'Policy shift under way to ease global trade'

'Policy shift under way to ease global trade'

FE REPORT 2021-08-28 10:08:45

In the wake of the Covid-19 pandemic, policy changes are taking place across the world in recent times to facilitate international trade. Keeping this in mind, stakeholders, especially bankers, shoul...

Lacklustre economic indicators weaken fiscal framework

Lacklustre economic indicators weaken fiscal framework

FE REPORT 2021-08-28 10:02:47

Bangladesh's premier trade chamber, MCCI, finds some less-promising economic indicators-revenue mobilisaiton and public expenditure in particular-are weakening the country's fiscal framework. The Met...

Insurance regulator devises bond coverage

Insurance regulator devises bond coverage

JASIM UDDIN HAROON 2021-08-28 09:46:07

The regulator is aggressively working to introduce insurance products for bond issuers that will guarantee repayment of the principal and all associated benefits to the bondholders in the event of iss...

Central bank further relaxes loan repayment policy

Central bank further relaxes loan repayment policy

Siddique Islam 2021-08-28 09:42:10

The central bank has further extended the policy relaxation regarding loan repayment to the scheduled banks by their borrowers to help recover the country's pandemic-hit economy, officials said. Unde...

Bangladesh's tax receipts from large units plummet in July

Bangladesh's tax receipts from large units plummet in July

DOULOT AKTER MALA 2021-08-28 09:41:04

Tax collection from Bangladesh's large manufacturing industries plummeted, registering a negative growth in VAT receipts in July, as a countrywide 'strict lockdown' for 18 days for checking corona tra...

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

ADB clears $1.78 billion in loans to improve transport, trade in Bangladesh

-- 2021-08-27 14:46:33

The Asian Development Bank has approved a $1.78 billion multi-tranche financing facility (MFF) to improve mobility, road safety, and regional trade along the Dhaka–Sylhet trade corridor in Bangl...

Action plan agreed upon to speed up execution of ADB-funded projects

Action plan agreed upon to speed up execution of ADB-funded projects

FE REPORT 2021-08-27 08:55:37

The government and the Asian Development Bank (ADB), in a tripartite portfolio review meeting (TPRM) on Thursday, agreed on an action plan to further accelerate the implementation of the ADB-assiste...

BSEC's 'no' to plea for waiver from payment of accrued interest

BSEC's 'no' to plea for waiver from payment of accrued interest

FE REPORT 2021-08-27 08:47:27

The securities regulator turned down the listed companies' association plea for waiving payments of accrued interest gained from undistributed dividends or un-refunded public-subscription funds. Al...

Association, tax intel punish errant e-commerce companies

Association, tax intel punish errant e-commerce companies

DOULOT AKTER MALA 2021-08-27 08:43:49

A series of anomalies has finally prompted the e-commerce apex trade body to penalize their errant members, as some buyers complained being cheated and tax intelligence found VAT evasion by a few....

IMF dollop of SDR to ease Bangladesh funding unease

IMF dollop of SDR to ease Bangladesh funding unease

FE REPORT 2021-08-27 08:25:02

The allocation of Special Drawing Right (SDR), an official currency of the International Monetary Fund, will ease many challenging funding conditions for Bangladesh, some economists say about a $650...

Stocks extend losses as BB starts money market probe

Stocks extend losses as BB starts money market probe

FE ONLINE REPORT 2021-08-26 17:11:19

Stocks extended the losing streak for the second straight sessions on Thursday as investors opted for booking profit following the central bank’s money market inspection news. After witnessing...

Stocks open positive amid volatile trading

Stocks open positive amid volatile trading

FE ONLINE REPORT 2021-08-26 10:51:49

Stocks witnessed a positive trend on Thursday, after the previous day’s mild correction, as bargain hunters remained in a buying mood on sector-wise issues. Following the single-day modest co...

Tamijuddin Textile Mills to invest Tk 500m in BMRE

Tamijuddin Textile Mills to invest Tk 500m in BMRE

FE REPORT 2021-08-26 09:07:49

Tamijuddin Textile Mills, which returned to the bourse's main market two months back, has decided to invest in balancing, modernisation, rehabilitation and expansion (BMRE) an estimated amount of Tk...