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Search results for: Bangladesh

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

FE Report November 22, 2019 12:22:30

The securities regulator has allowed the chiefs of merchant banks to conduct sell-buy of the shares of listed companies. The Bangladesh Securities and Exchange Commission (BSEC) took the decision o...

BB waives PKB from keeping 13pc SLR

FE REPORT November 22, 2019 12:15:30

The central bank has waived the Probashi Kallyan Bank (PKB) from maintaining the stipulated statutory liquidity ratio (SLR) in line with the existing Banking Companies Act 1991. The state-owned speci...

Online transactions hampered by new credit card rule

-- November 21, 2019 18:33:41

A new rule requiring customers to obtain a certificate before completing a transaction online is causing people a lot of grief with businessmen in the IT sector suffering in particular. Bangladesh Ba...

Remittance incentives: Conversion of local currency allowed

FE Report November 21, 2019 10:44:32

Remitters who will wire $1,500 or equivalent amount of other currencies or Tk 150,000 will be eligible for receiving 2.0 per cent cash incentives without showing any documents. The amount of local cu...

CPD warns of debt-servicing trouble

FE REPORT November 21, 2019 10:07:50

A think-tank on Wednesday warned that Bangladesh would face debt-servicing problem unless it proceeded with caution while securing foreign loans. "There are many countries who took loans without cons...

BD among top four countries in digital economy growth

BSS November 20, 2019 20:51:37

Bangladesh is one of the top four countries in terms of 'improvement and remarkable growth' in digital economy in the last four years, according to Huawei Global Connectivity Index (GCI) 2019. The in...

Kamal seeks more Turkish investment

-- November 20, 2019 12:37:38

Finance Minister AHM Mustafa Kamal has sought more Turkish investment in various sectors in Bangladesh. The Finance Minister called for the investment at the first day of the Bangladesh-Turkey Joint...

Standard Bank to issue perpetual bond worth Tk 5.0b

FE Report November 20, 2019 10:35:22

Standard Bank will raise a capital worth Tk 5.0 billion through issuance of perpetual bond as additional tier-I capital. The company's board of director has taken the decision of raising capital th...

Rise in issuance of T-bonds, bills pushes up yield curves

JASIM UDDIN HAROON November 20, 2019 10:34:51

The increase in issuance of T-bonds and T-bills propelled their yield curves upward in last fiscal year (FY), 2018-19, according to the Bangladesh Bank (BB) statistics. Yield curve has direct relatio...

NBR gets Tk 3.57b tax on sixth day of fair

FE Report November 20, 2019 10:31:25

The National Board of Revenue (NBR) collected Tk 3.57 billion in tax on Tuesday, the sixth day of the countrywide Income Tax Fair (ITF) 2019, according to a statement. The revenue authority bagged...

BB cuts interest rates on EDF loans to boost exports

FE Report November 20, 2019 10:25:14

The central bank has slashed interest rates on loans under the Export Development Fund (EDF) scheme by 1.0 percentage point to facilitate exporters. As per the revised policy, exporters will now ge...

BB increases home loan limit to Tk 20m

-- November 19, 2019 19:35:37

The Bangladesh Bank has increased the maximum limit for home loans to Tk 20 million from Tk 12 million due to rising apartment prices and the purchasing capacity of people. The central bank on Tuesda...

BB slashes interest rate on exporters’ borrowing from EDF

-- November 19, 2019 18:04:40

The central bank has slashed the interest rate on loans from its Export Development Fund (EDF) by 1.0 percentage point to boost exports. From now, the EDF interest rate would be the six-month dollar...

FRB NY to give BB technical support

SIDDIQUE ISLAM November 19, 2019 10:39:53

The Federal Reserve Bank (FRB) of New York has expressed willingness to provide technical assistances to the Bangladesh Bank (BB) for mitigating its operational risks. A four-member delegation, led b...

NBR collects Tk 3.11b on fifth day of income tax fair

BSS November 18, 2019 19:52:22

The National Board of Revenue (NBR) has collected Taka 3.11 billion on Tuesday, the fifth day of the weeklong income tax fair. On the day, a total of 1,06,200 people submitted their income tax return...

Eastern Housing approves 20pc cash dividend

FE Online Desk November 18, 2019 13:09:06

The 55th Annual General Meeting of Eastern Housing Limited was held at RAOWA Convention Hall, Mohakhali, Dhaka recently. The AGM was presided over by Manzurul Islam, Chairman of Eastern Housing Ltd....

PM seeks larger UAE investment in Bangladesh

-- November 18, 2019 11:43:21

Prime Minister Sheikh Hasina on Sunday sought both public and private investment from the UAE in larger volume in potential sectors such as RMG, IT, agriculture and special economic zones in Banglades...

BSEC halts Shepherd Industries' move

FE Report November 18, 2019 10:33:14

The securities regulator has halted the execution of the Shepherd Industries' decision of purchasing the shares of another company 'Shepherd Jeans' by the assets of the former. The securities regul...

'Real-time' audit by CAG can help check fiscal anomalies

FE REPORT November 18, 2019 09:49:14

Collaboration among accountability organisations, including Comptroller and Auditor General (CAG), Anti-Corruption Commission (ACC), parliamentary committees and civil society organisations, can ensur...

Earnings of many textile cos down

Mohammad Mufazzal November 17, 2019 10:39:21

The EPS (earnings per share) of majority number of listed textile companies declined while some eight others incurred loss in the last fiscal year (FY) compared to previous FY. On the other hand, som...

Govt earnings from DSE fall 28pc in Oct

FE Report November 16, 2019 10:52:14

The government's revenue earnings from the Dhaka bourse tumbled 28 per cent month-on-month in October this year as trading volume was on the decline. The turnover remains poor for months as unusual f...

Weak earning disclosures affect stock prices

Babul Barman November 16, 2019 10:45:50

Stocks backed to the red again in the outgoing week that ended on Thursday as risk-averse investors dumped their holdings amid 'poor' earning disclosures. Week-on-week, DSEX, the prime index of the D...

BB steps up forex support to banks

SIDDIQUE ISLAM November 16, 2019 09:57:00

The central bank has scaled up its foreign currency support to the commercial banks to help settle their import payment obligations, particularly for oil, officials said. The Bangladesh Bank, or BB,...

Wata Chemicals posts highest EPS growth among local cos

FE REPORT November 15, 2019 10:49:26

Wata Chemicals, a listed company in the pharmaceuticals & chemicals sector, posted the highest EPS (earnings per share) growth among its local peers in fiscal year (FY) 2018-19. The company's EPS...

Renata generates highest turnover

FE Report November 15, 2019 10:47:45

Ten most traded companies accounted for nearly 27 per cent of transactions on the prime bourse on Thursday, with Renata generating the highest turnover. Market analysts said investors were active o...

IBN SINA approves 30pc cash dividend

FE DESK REPORT November 15, 2019 10:46:12

The 35th annual general meeting (AGM) of The IBN SINA Pharmaceutical Industry Ltd was held at Emmanuelle's Convention Centre in the city on Thursday, said a statement. Shah Abdul Hannan, Chairman of...

Govt adopts new strategy to curb money laundering

REZAUL KARIM November 15, 2019 10:42:27

The government has adopted a new strategy to combat trade-based money laundering and illicit financial outflow from the country with the incorporation of a few stringent provisions into it, officials...

Kamal vows to cut tax rates using all matrixes

FE REPORT November 15, 2019 10:19:11

Finance Minister A H M Mustafa Kamal has promised to reduce tax rates using all economic matrixes. The government will assess as to what extent it can reduce the tax rates by keeping tax collection c...

Top 20 defaulters: BB asks state banks to ramp up recovery

SIDDIQUE ISLAM November 15, 2019 09:59:49

The central bank has asked four state-owned commercial banks, or SoCBs, to gear up the recovery drive, keeping in mind top 20 defaulters. The instruction was given at a meeting held at the Banglade...

Stocks extend losses as major sectors tumble

FE ONLINE REPORT November 14, 2019 18:10:35

Stocks extended the losing streak for the third straight session on Thursday as worried investors continued their selling binge on major sectors shares. DSEX, the prime index of the Dhaka Stock Excha...