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Search results for: Bangladesh

Monno Fabrics keeps soaring sans PSI

Monno Fabrics keeps soaring sans PSI

FE REPORT 2022-06-15 10:08:18

Monno Fabrics has been witnessing an unprecedented price hike and increase in volume of shares even though there is no undisclosed price sensitive information (PSI). Just in five trading days, the co...

Push to improve financial literacy of women investors

Push to improve financial literacy of women investors

FE REPORT 2022-06-15 10:01:39

Experts at a workshop suggested improving the financial literacy of women investors to enhance their participation in the capital market. They said that if women investors come to the market with pri...

Dev projects finally pushed through

Dev projects finally pushed through

FE REPORT 2022-06-15 08:59:44

As often in Bangladesh, implementation of development projects goes great guns at the fag-end of fiscal year as government agencies recorded single-month performance at 16.5 per cent in May. The May...

Kuwait urged to recruit Bangladeshi medical professionals

Kuwait urged to recruit Bangladeshi medical professionals

-- 2022-06-14 18:37:33

The Foreign Minister Dr AK Abdul Momen has urged Kuwait to recruit more medical professionals including nurse and medical technicians from Bangladesh.  He made the remarks while outgoing Kuwat...

Japanese IT companies urged to explore business opportunities in Bangladesh

Japanese IT companies urged to explore business opportunities in Bangladesh

-- 2022-06-14 18:29:17

The Japanese Information technology (IT) companies have been urged to explore business opportunity in Bangladesh as Dhaka is offering various facilities and supports to the investors in the IT sector...

ADB to provide $250m to boost social protection in Bangladesh

ADB to provide $250m to boost social protection in Bangladesh

-- 2022-06-14 18:14:30

Bangladesh Government and the Asian Development Bank (ADB) have signed an agreement for a US$250 million policy-based loan to further improve the social protection system in the country for supporting...

ECNEC clears 10 projects involving Tk 108.85 billion 

ECNEC clears 10 projects involving Tk 108.85 billion 

-- 2022-06-14 17:31:18

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 10 projects involving Tk 108.85 billion.   The meeting on Tuesday approved six fresh projects and fo...

Stocks extend losing streak amid macroeconomic worries

Stocks extend losing streak amid macroeconomic worries

FE ONLINE REPORT 2022-06-14 16:36:09

Stocks extended the losing streak on Tuesday as investors continued sell-off shares amid the country’s macroeconomic worries. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down...

Stocks open mixed amid cautious trading

Stocks open mixed amid cautious trading

FE ONLINE REPORT 2022-06-14 11:42:36

The stock market opened with a mixed trend on Tuesday as investors were mostly cautious amid the instability of the exchange rate and rising inflation. DSEX, the prime index of the Dhaka Stock Exchan...

'Budget lacks clear outline to reduce inflation, boost private investment'

'Budget lacks clear outline to reduce inflation, boost private investment'

FE REPORT 2022-06-14 10:11:59

International Business Forum of Bangladesh (IBFB) on Monday said the country's proposed budget doesn't have a clear outline on how to reduce mounting inflation, boost private investment and find suppo...

DSE for widening tax gap between listed, non-listed companies

DSE for widening tax gap between listed, non-listed companies

FE REPORT 2022-06-14 09:50:36

Dhaka Stock Exchange (DSE) has urged the government to widen the gap between the rates of corporate tax paid by listed and non-listed companies. The premier bourse DSE said the gap between the rates...

New MPS reverses expansionary policy

New MPS reverses expansionary policy

SIDDIQUE ISLAM 2022-06-14 09:42:24

Formulating a new monetary policy for Bangladesh gets underway with top priority on curbing inflation and helping productive sectors for achieving maximum economic growth, officials say. The priori...

New global supports for LDCs sought at WTO meet

New global supports for LDCs sought at WTO meet

DOULOT AKTER MALA 2022-06-14 08:48:34

Bangladesh and other Least Developed Countries (LDCs) joined voices at the WTO ministerial conference to demand some "new international support measures" in the trade regime for salvaging their pand...

Taka loses its value by 50 paisa against US dollar

Taka loses its value by 50 paisa against US dollar

FE ONLINE REPORT 2022-06-13 20:53:30

The local currency further depreciated significantly against the US dollar on Monday, mainly due to higher demand for the greenback for settling import-payment obligations. The Bangladesh Taka (BDT)...

Budget does not reflect woes of pandemic-hit people: SANEM 

Budget does not reflect woes of pandemic-hit people: SANEM 

-- 2022-06-13 20:01:53

South Asian Network for Economic Modeling (SANEM) has said that there is no effort to mitigate the woes of the pandemic-hit people whose incomes were severely affected in the budget.  A large po...

BIDA, BCCCI ink deal for increasing Chinese investment 

BIDA, BCCCI ink deal for increasing Chinese investment 

-- 2022-06-13 18:40:51

Bangladesh Investment Development Authority (BIDA) and Bangladesh China Chamber of Commerce and Industry (BCCCI) has inked a Memorandum of Understanding (MoU) for working together to increase Chinese...

BGMEA wants to keep 0.5pc source tax for five years  

BGMEA wants to keep 0.5pc source tax for five years  

-- 2022-06-13 18:22:38

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to keep the source tax on export earnings unchanged for at least for next five years to help the sector over...

Is Liton the best wicketkeeper-batsman in the world now?

Is Liton the best wicketkeeper-batsman in the world now?

Neel Rahman 2022-06-13 17:21:30

Liton Das was an enigma for Bangladesh fans. Since his international debut in 2015, and even before for the followers of the domestic cricket of Bangladesh, Liton was something the country’s cri...

Bangladesh sees 22pc jump in fruit production in 12 years: Agriculture minister

Bangladesh sees 22pc jump in fruit production in 12 years: Agriculture minister

-- 2022-06-13 15:01:10

Bangladesh has become a ‘global example of success’ in fruit production over the past few years, but needs to grow the industry more to meet local demand, said Agriculture Minister Abdur...

Shakib’s coincidental hat-trick of captaincy

Shakib’s coincidental hat-trick of captaincy

Aniruddha Bhowmik 2022-06-13 14:42:06

Bangladesh’s greatest ever all-rounder is set to commence on his third stint as Bangladesh captain and as a miraculous coincidence, it's West Indies yet again against whom Shakib will be startin...

Bourses see modest fall at opening

Bourses see modest fall at opening

FE ONLINE REPORT 2022-06-13 10:56:32

The stock market opened marginally lower on Monday, the second day after unveiling the national budget as the proposed budget appears to have failed to boost stock investors’ confidence. DSEX,...

Araihazar EZ to be test case to attract FDI, Japanese envoy tells a discussion

Araihazar EZ to be test case to attract FDI, Japanese envoy tells a discussion

FE REPORT 2022-06-13 10:25:01

Japanese ambassador to Bangladesh Ito Naoki on Sunday said the under-construction Araihazar economic zone (EZ) will be a test case for Bangladesh to attract foreign investors at a large scale. Hailin...

Five junk stocks keep rising

Five junk stocks keep rising

FE REPORT 2022-06-13 10:20:58

Prices of five junk stocks are rising 'abnormally' on the Dhaka Stock Exchange (DSE) despite these firms are incurring huge losses and not giving dividends for a long time. Junk stocks have also freq...

MoU inked to begin trading of T-bonds

MoU inked to begin trading of T-bonds

FE REPORT 2022-06-13 10:14:52

Stakeholders on Sunday signed a memorandum of understanding (MoU) to commence trading of Treasury Bonds (T-bonds) aiming to activate the country's bond market. The representatives of Bangladesh Bank...

No letup in exchange-rate instability, inflation rise

No letup in exchange-rate instability, inflation rise

FE REPORT 2022-06-13 08:40:31

Bangladesh's central bank has predicted instability of exchange rate and inflation upturn in the days ahead, too, while the two problems already prevail in the economy. In its quarterly publication...

Planning minister emphasises social stability for budget implementation 

Planning minister emphasises social stability for budget implementation 

-- 2022-06-12 21:30:51

Planning Minister MA Mannan has said the economy is facing tough challenges now, and social stability is a must in such a situation to implement a budget whatever its size.  Bangladesh Bank and...

Banks must focus on digitalisation, cyber security, says BB governor  

Banks must focus on digitalisation, cyber security, says BB governor  

-- 2022-06-12 20:58:20

Bangladesh Bank Governor Fazle Kabir has said banks have to raise attention to digitalisation along with investing more to protect financial operations from hackers.  He said with the developmen...

Forex reserve still at standard level: BB governor

Forex reserve still at standard level: BB governor

-- 2022-06-12 18:47:49

Bangladesh Bank (BB) Governor Fazle Kabir has said that the country's foreign exchange reserves are still in a standard level.   "The reserves stood at US$41.7 billion, which is good enough to s...

City Bank holds 39th AGM virtually; approves 12.50pc cash, 12.50pc stock dividend

City Bank holds 39th AGM virtually; approves 12.50pc cash, 12.50pc stock dividend

FE ONLINE DESK 2022-06-12 16:43:55

The 39th Annual General Meeting (AGM) of City Bank was held on Sunday on a virtual platform. The Audited Financial Statements for the Bank for the year ended December 31, 2021, were placed before the...

FDI in Bangladesh rose to $2.9bn in 2021, around pre-pandemic level: UNCTAD

FDI in Bangladesh rose to $2.9bn in 2021, around pre-pandemic level: UNCTAD

-- 2022-06-12 13:13:25

With the economy back to normal amid a rapid fall in COVID-19 cases, foreign direct investment or FDI in Bangladesh has increased almost to the pre-pandemic level, according to the United Nations Conf...