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The Financial Express

Search results for: BAN

Higher non-operating income: State-run energy companies deviating from business norm

Higher non-operating income: State-run energy companies deviating from business norm

Mohammad Mufazzal 2023-02-26 08:48:49

TITAS Gas Transmission & Distribution Company's profit grew at 27 per cent year-on-year for the October-December quarter of the FY23, mainly riding on non-operating income. Its non-operating in...

Poor assistance, policy support mount climate vulnerabilities

Poor assistance, policy support mount climate vulnerabilities

SAJIBUR RAHMAN, BACK FROM SATKHIRA 2023-02-26 08:27:21

A good number of climate victims are currently suffering from economic and health vulnerabilities as they received little financial assistance and inadequate policy support from the government to face...

Foreign aid flow into BD falling headlong

Foreign aid flow into BD falling headlong

FHM HUMAYAN KABIR 2023-02-26 08:16:30

Foreign-aid flow into Bangladesh is ebbing down drastically in recent months as the country received 62-percent less assistance confirmation in July-January period, officials said Saturday and aired d...

City Bank signs MoU with Bangladesh Agricultural University

City Bank signs MoU with Bangladesh Agricultural University

FE ONLINE DESK 2023-02-25 12:02:27

City Bank recently signed an agreement with Bangladesh Agricultural University at City Bank Center. Under this agreement both organizations will work together to establish a knowledge partnership whi...

BSC sails to top of DSE turnover chart

BSC sails to top of DSE turnover chart

FE REPORT 2023-02-25 10:36:59

Ten most-traded firms accounted for 43 per cent of the transactions on the Dhaka Stock Exchange (DSE) in the outgoing week to Thursday, with Bangladesh Shipping Corporation (BSC) dominating the turnov...

Stocks stare at more losses as investor sentiment drops

Stocks stare at more losses as investor sentiment drops

FE REPORT 2023-02-25 09:56:46

Stocks extended losses for a fourth week to Thursday, as gloomy economic outlook continues to weaken investor confidence amid liquidity crisis in the market. Jittery investors opted to liquidate thei...

Current BD budget deficit widens

Current BD budget deficit widens

JASIM UDDIN HAROON 2023-02-25 08:38:48

Bangladesh sees widening budget deficit, amounting to Tk 71.53 billion during the July-November period in an over 62-percent increase year on year, amid lower revenue collection, official statistics s...

ISA to support Bangladesh in solar energy

ISA to support Bangladesh in solar energy

-- 2023-02-24 21:05:54

The International Solar Alliance (ISA) will provide technical support to Bangladesh to pull in financing for the renewable energy sector. "We'll help Bangladesh find a right policy to introduce a rig...

Canada wants to assist BD in developing food storage

Canada wants to assist BD in developing food storage

-- 2023-02-24 17:42:02

Canada is keen to collaborate with Bangladesh in the agriculture sector particularly in the development of food storage and small-scale farmers. Canadian Minister of International Development Harji...

Aramit's profit halves in Oct-Dec

Aramit's profit halves in Oct-Dec

FE REPORT 2023-02-24 08:44:39

Aramit Ltd saw a whopping 45 per cent year-on-year fall in profit in October-December (Q2) of the FY22. Though the company's expenses declined, including the cost of goods sold, it failed to secure a...

BD has resilience to geo-economic shocks: DCCI

BD has resilience to geo-economic shocks: DCCI

FE REPORT 2023-02-24 08:41:21

The Dhaka Chamber of Commerce and Industry (DCCI) said on Thursday that Bangladesh economy is resilient enough to overcome the current geo-economic challenges. It made the observation at a seminar st...

Credit package for Bangladesh to cure financial faults

Credit package for Bangladesh to cure financial faults

SYFUL ISLAM 2023-02-24 08:24:16

Bangladesh's economic health will improve if the ongoing IMF loan programme is implemented properly, says an executive of the Fund that disapproves of blanket subsidies. Krishna Srinivasan, director...

Some more US companies show interest to invest in Bangladesh, says Peter Hass

Some more US companies show interest to invest in Bangladesh, says Peter Hass

-- 2023-02-23 20:34:56

US Ambassador to Bangladesh Peter Hass on Thursday said some more companies from the USA have expressed keen interest to invest in Bangladesh. Peter Hass said this when he called on Bangladesh’...

DSE fails to get top ten gainers

DSE fails to get top ten gainers

FE ONLINE REPORT 2023-02-23 16:09:28

Stocks continued bleeding for the four consecutive sessions Thursday as risk-averse investors opted for liquidating their position to escape from further losses on their portfolios. The stock market...

Stocks down at open amid sluggish turnover

Stocks down at open amid sluggish turnover

FE ONLINE REPORT 2023-02-23 12:27:02

Stocks witnessed a downward trend at the opening on Thursday as cautious investors kept their sell-off amid a lack of clear market direction. Following the previous three days’ fall, DSEX, the...

Save LafargeHolcim, cement industry takes severe blow in 2022

Save LafargeHolcim, cement industry takes severe blow in 2022

BABUL BARMAN 2023-02-23 08:55:29

2022 was a year of bad business for the overall cement industry. Out of the seven cement companies listed, three went into the red and three others saw their profit slowing down at 15-30 per cent. L...

Anomalies spotted in SS Steel financials

Anomalies spotted in SS Steel financials

FE REPORT 2023-02-23 08:54:25

An auditor has found some inconsistencies in the financials of SS Steel for the year ended on June 30, 2022. Mentioning some inconsistencies, including violation of Financial Reporting Council (FRC)...

Robi launches eSIM facilities

Robi launches eSIM facilities

FE REPORT 2023-02-23 08:52:43

The country's second-largest telecom operator - Robi Axiata Ltd -has launched eSIM facility for its customers. Robi customers would be able to enjoy digital services without the need for a physical S...

Expatriates can send higher remittance sans declaration

Expatriates can send higher remittance sans declaration

FE REPORT 2023-02-23 08:50:31

Bangladeshis working abroad can now send home higher remittance sans declaration as the central bank raised the limit, under current government drives for recharging the country's receding foreign-e...

British businesses keen to invest in Bangladesh

British businesses keen to invest in Bangladesh

FE REPORT 2023-02-23 08:43:45

British businesses are interested to invest in the financial, aviation and education sectors of Bangladesh as the country offers an environment where good firms can do good business. British High Com...

Implementing IMF loan package: Prelude to pruning tax exemptions ensues

Implementing IMF loan package: Prelude to pruning tax exemptions ensues

DOULOT AKTER MALA 2023-02-23 08:35:54

An analysis of loss of revenues incurred in the incentives provided to industries is to begin soon to help prune the waiver facility prudently. The International Monetary Fund (IMF) and the Asian D...

Spike in funding costs strains Bangladesh banks’ profitability: Moody’s

Spike in funding costs strains Bangladesh banks’ profitability: Moody’s

-- 2023-02-22 19:10:13

Spiking import costs, declines in remittance inflows, and high inflation have drained Bangladesh’s banking system of its liquidity, Moody’s Investors Service said in a report. The credit...

How to explain listed MFs' latest double-digit returns on investments

How to explain listed MFs' latest double-digit returns on investments

MOHAMMAD MUFAZZAL 2023-02-21 08:27:06

Half of listed mutual funds (MFs), which have been receiving lukewarm responses from investors since the 2010 stock market debacle, surpassed all other listed securities in terms of latest annual yiel...

Automation goes on to stop manipulation: Regulator

Automation goes on to stop manipulation: Regulator

FE REPORT 2023-02-21 08:26:15

The securities regulator has continued its effort to complete the automation in data handling to curb manipulations in the stock market. Officials of the Bangladesh Securities and Exchange Commission...

Agent banking changes rural socioeconomic landscape

Agent banking changes rural socioeconomic landscape

JUBAIR HASAN 2023-02-21 08:21:43

Agent banking continues changing rural socioeconomic landscape with formal credit inflow, deposit netting and injection of inward remittance marking a remarkable increase in the heretofore backwoods...

BSEC appoints four new independent directors at Dhaka Stock Exchange

BSEC appoints four new independent directors at Dhaka Stock Exchange

-- 2023-02-20 19:52:14

Bangladesh Securities and Exchange Commission (BSEC) has appointed four new independent directors at Dhaka Stock Exchange (DSE). A letter signed by the Additional Director of BSEC Mohammad Nazrul Isl...

Stocks extend losing streak amid lack of confidence

Stocks extend losing streak amid lack of confidence

FE ONLINE REPORT 2023-02-20 15:33:51

Stocks extended the losing streak for the second straight session on Monday as sellers kept their dominance on the trading floor amid a lack of clear direction in the market. Some of the recently ral...

Reckitt Benckiser's 2022 profit falls on declining demand for hygiene products

Reckitt Benckiser's 2022 profit falls on declining demand for hygiene products

FE REPORT 2023-02-20 08:48:38

Reckitt Benckiser Bangladesh reported an 18.4 per cent year-on-year drop in profit in 2022, mainly for costlier raw materials and a sharp devaluation of local currency against the dollar. The listed...

Forex loss halves Robi's profit in 2022, snatching away its "moment of glory"

Forex loss halves Robi's profit in 2022, snatching away its "moment of glory"

FE REPORT 2023-02-20 08:45:56

Foreign exchange loss dealt a heavy blow to Robi Axiata's financials as it wiped out 49 per cent of its profit after tax in 2022. The gradual fall of the taka against the dollar eat up Tk 1.79 bill...

Remove hurdles to better investment climate

Remove hurdles to better investment climate

FE REPORT 2023-02-20 08:37:59

Business leaders have demanded removing the existing bottlenecks in the business environment related to customs and tax, in order to help boost both domestic and foreign investment in the country. Th...