The Financial Express

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Bangladesh's imports drop over 10pc in April

Siddique Islam 2021-05-27 08:27:18

Bangladesh's overall imports dropped by more than 10 per cent or US$509.03 million in April last mainly due to the second wave of the Covid-19 pandemic, bankers said. Settlement of letters of credit...

FE budget webinar calls for additional support to address poverty, inequality

FE REPORT 2021-05-27 08:20:51

The budget for the upcoming fiscal year (FY) should have more than usual policy supports designed to deal with the worsening poverty situation and rising income inequality due to Covid-19 pandemic, op...

Pakistan may seek aid from Bangladesh in 2030, former WB Adviser says

BSS 2021-05-26 17:56:39

Highly praising Bangladesh’s economic growth and expressing concern over Pakistan’s current economic turmoil, a former World Bank (WB) adviser said that Pakistan could be seeking aid from...

Number of unapproved projects halved in next ADP

FE REPORT 2021-05-26 09:16:03

The government has incorporated nearly half the last fiscal's unapproved projects in the next annual development programme (ADP) as part of a cautious move amid the Covid-19 pandemic. It has included...

Government's net borrowing target likely at Tk 320 billion

FE REPORT 2021-05-26 08:41:54

The government is set to enhance, by over 50 per cent, the net borrowing target from National Savings Schemes to Tk 320 billion in the new fiscal year, up from the current fiscal's Tk 200 billion, sou...

Dhaka receives higher amount of foreign aid during Covid months

FHM HUMAYAN KABIR 2021-05-26 08:37:18

The development partners released US$4.82 billion worth of assistance during the first 10 months of the current fiscal year (FY2020-21), according to official figures. The disbursement was exactly th...

Securities regulator, insurers to explore ways of covering risks

JASIM UDDIN HAROON 2021-05-26 08:24:43

A move is underway to cover the risks associated with fixed-income financial instruments being approved by the securities regulator. The Bangladesh Securities and Exchange Commission (BSEC) has appro...

DSE daily turnover scales Tk 20b-mark again

FE ONLINE REPORT 2021-05-25 16:03:34

Daily trade turnover on Dhaka Stock Exchange (DSE) scaled Tk 20 billion-mark on Tuesday as enthusiastic investors continued to put fresh stakes on stocks amid high hopes. Turnover, a crucial indicato...

27 banks invest Tk 14 billion in stock market special fund

MOHAMMAD MUFAZZAL 2021-05-25 13:42:34

As many as 27 scheduled banks have so far invested Tk 14 billion in the stock market under the special fund, formed under the central bank's initiative to support the ailing market, officials said. T...

Markets open sharply higher as major sectors soar

FE ONLINE REPORT 2021-05-25 10:58:01

The market opened sharply higher on Tuesday like the previous day as investors continued putting fresh bets on major sector stocks amid high expectations. Following the previous day’s big...

Stocks rebound sharply after two-day slump

FE ONLINE REPORT 2021-05-24 16:05:28

The market rebounded strongly on Monday, snapping a two-day losing streak, as investors put fresh bets on large-cap stocks amid extended trading hours. Trading time extended by 30 minutes to 2:00pm f...

Experts suggest framing separate guideline for CMSMEs

FE REPORT 2021-05-24 13:48:33

Speakers at a programme on Sunday suggested framing a separate guideline and better coordination between the regulatory bodies and financial institutions to ensure credit flow to informal sectors. Th...

Sonali Paper to add new product line to meet growing demand

FE ONLINE REPORT 2021-05-24 12:59:51

Sonali Paper and Board Mills has decided to add a new product line -- Aluminum foil paper box unit -- by installing a new machine in its factory premises in Rupganj upazila of Naraynganj. The new mac...

'Health, nothing else, should get priority in next budget'

FE REPORT 2021-05-24 12:53:15

Noted economists and health experts at a discussion on Sunday suggested adopting balanced policies that would help sustain both 'life and livelihood' amid the Covid-19 pandemic. Instead of imposing a...

Stocks jump at open after two-day slump

FE ONLINE REPORT 2021-05-24 11:39:13

The market opened sharply higher on Monday, after two-day profit booking sell-offs, as investors showed their buying spree on major sector stocks. Following the previous two days’ major correct...

Two more general insurers declare dividend for 2020

FE ONLINE REPORT 2021-05-24 10:33:04

Two more general insurance companies – Standard Insurance and Mercantile Insurance- have declared dividends for the year ended on December 31, 2020. Standard Insurance: The board of directors o...

BSEC extends share trading time by 30 minutes from Monday

FE ONLINE REPORT 2021-05-23 21:42:35

The Bangladesh Securities and Exchange Commission (BSEC) has extended share trading time by 30 minutes until 2:00 pm in line with the banking hours effective from tomorrow (Monday). Trading on the Dh...

Corruption, bureaucracy impede growth of bilateral trade with US

FE ONLINE REPORT 2021-05-23 18:50:48

Speakers at a discussion blamed corruption, weak infrastructure, and unfriendly bureaucracy as impediments to the growth of bilateral trade and attracting investments between USA and Bangladesh. Addr...

DSEX dips below 5,800-mark in early trading

FE ONLINE REPORT 2021-05-23 11:19:29

The market opened marginally lower on Sunday as cautious investors opted for booking profits on sector-wise quick-gaining stocks. Following the previous session’s downward trend, the market ope...

Enhanced access to electricity important, says former BB governor

FE REPORT 2021-05-23 10:49:45

Ensuring access to electricity has been pivotal for the macroeconomic success of Bangladesh, former governor of Bangladesh Bank (BB) and Chairperson of Unnayan Shamannay Dr. Atiur Rahman said on Sat...

Fears of revenue shortfall push down government allocations

FHM HUMAYAN KABIR 2021-05-23 10:31:32

The government had to allocate Tk 414.49 billion less fund than the demand placed by different ministries under the new annual development programme (ADP) for the upcoming fiscal year (FY) due to a po...

Central Insurance declares 13.50pc dividend for 2020

FE ONLINE REPORT 2021-05-23 10:13:01

The board of directors of Central Insurance Company has recommended 6.0 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will...

Prices of listed MNCs fall

FE Report 2021-05-23 08:27:20

Majority number of listed multinational companies (MNCs) lost prices moderately along with featuring lower turnover in last week following investors' thin participation. The companies' share prices d...

Hard times for money changers, thanks to Covid restriction

JASIM UDDIN HAROON 2021-05-23 08:23:57

Money changers, who mostly trade in foreign currencies with individuals on physical counters in the open market, are struggling to survive for a drastic fall in the movement of international passeng...

Mega projects, not Covid priority areas, secure more allocations

FHM HUMAYAN KABIR 2021-05-22 08:21:55

The government allocated one-fourth of the next year's development budget to 10 mega projects notwithstanding their unimpressive implementation rate. Like the previous fiscals, the government has k...

Bangladesh surpasses India on per capita income

-- 2021-05-21 21:15:35

Bangladesh, which outpaced India in many indices of economic or human development, has surpassed its giant neighbour on per capita income. “Once described as a bottomless basket by US Secretary...

Regulator insists perpetual bonds must be listed through direct listing

FE REPORT 2021-05-21 10:35:47

The Bangladesh Securities and Exchange Commission (BSEC) has issued a directive saying that perpetual bonds which will be issued by the banks must be listed on the bourses through the direct listing m...

Trade deficit crosses $14b in nine months

FE ONLINE REPORT 2021-05-20 18:31:44

Bangladesh’s trade deficit has widened by more than 20 per cent in the first nine months of the current fiscal year (FY) because of rising import payment pressure on the economy, officials said....

BGIC declares 12pc cash dividend for 2020

FE ONLINE REPORT 2021-05-20 11:16:58

The board of directors of Bangladesh General Insurance Company (BGIC) has recommended a 12 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come...

Stocks open marginally lower on profit-booking

FE ONLINE REPORT 2021-05-20 11:06:21

Stocks opened marginally lower on Thursday as risk-averse investors opted for booking on quick gaining stocks. Following the previous day’s rise, the market opened slightly lower and DSEX, the...