The Financial Express

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Finland keen to support smart city, smart port solutions in Bangladesh

-- 2022-11-29 17:29:22

Finland, as a development partner of Bangladesh, is keen to support energy, smart city and smart port solutions in Bangladesh. The interest was shown at a seminar titled ‘Finland's Smart Infr...

Mutual funds promise good returns on long-term investments

Mohammad Mufazzal 2022-11-29 09:14:06

Investors can cut down risk and achieve good returns from long-term investments in mutual funds rather than crowd into weak stocks that rally for no good reasons. However, the stock market is dominat...

Right stocks chosen, today's bets will yield good returns in 2-3 yrs

Mohammad Mufazzal 2022-11-29 09:13:09

Today's depressed stock market offers an opportunity to invest for good returns in two-three years' time if one can choose right stocks to bet their money on, said asset manager Reaz Islam. The stock...

Bangladesh's economic growth to slow to 6.5pc

JASIM UDDIN HAROON 2022-11-29 08:44:03

Bangladesh's real GDP growth may taper down to 6.5 per cent in financial year (FY) 2022-23 from 7.2 per cent in the previous fiscal, Fitch Solutions says in view of numerous decelerators. Its forecas...

Foreign firms, JVs in EZs get permission to take loans in taka

-- 2022-11-28 20:13:31

Bangladesh Bank (BB) has allowed foreign firms and joint ventures (JVs) located in the economic zones (EZs) to take working capital loans in taka from the domestic banking system for their operations...

No liquidity crisis in banks: BAB

-- 2022-11-28 17:05:16

Bangladesh Association of Banks (BAB), an organisation of entrepreneurs and directors of private banks, in a statement has said that there is no liquidity crisis in the banks at present. In a stateme...

Too many issue managers chase too few IPOs

Mohammad Mufazzal 2022-11-28 09:03:26

It was 2016 when Swadesh Investment Management last performed as an issue manager while bringing out the initial public offering of Dragon Sweater and Spinning Limited. A fine of Tk 5 million has rec...

Govt's budget spending growth slows in FY 22

JASIM UDDIN HAROON 2022-11-28 08:45:12

The government's budget outlay spending growth slowed tremendously in the last fiscal year (FY), 2021-22, mainly due to various austerity measures and Covid-related reduced demand, leading to narrowin...

Government implementing some conditions to get IMF loan of $4.5b

-- 2022-11-27 20:13:38

The government has started implementing some of the conditions set by the International Monetary Fund (IMF) in the financial and energy sectors ahead of the global lender's board meeting to discuss Ba...

Foreign funds leave depressed stocks for gains elsewhere

Mohammad Mufazzal 2022-11-27 08:57:20

Foreign investors' sales volumes have been much higher than buy volumes in the stock market in the six months through September, indicating their intention to pull out of the market. The depreciation...

Offer incentive, tax benefit package for expats, speakers urge govt at FBCCI's meeting

FE REPORT 2022-11-27 08:52:19

Speakers at a programme on Saturday urged the government to announce a proper incentive and tax benefit package for skilled expatriate Bangladeshis so that they can return to the country with investme...

Income tax receipts not in tandem with rising TINs

FE Report 2022-11-27 08:42:02

The growth in income tax collection has not been consistent with the rise in the number of TIN (taxpayers' identification number) holders, raising concerns among the experts at a seminar on Saturday....

Stocks fall as bear tightens its grip

FE REPORT 2022-11-26 09:06:17

Investors' participation kept declining in the outgoing week, driving down the benchmark equities index for a third week as growing concerns about current economic climate and limited scope of liquida...

Ten most-traded cos account for 40pc of DSE turnover

FE REPORT 2022-11-26 09:05:01

Ten most-traded companies accounted for nearly 40 per cent of transactions on the Dhaka Stock Exchange (DSE) this week, with Genex Infosys making it to the top of the chart. During the week, these 10...

Foreign aid ebbs when forex needed much

FHM Humayan Kabir 2022-11-26 08:49:04

Foreign-aid flow into Bangladesh ebbs down amid slow development-project execution over the months following domestic belt-tightening and global doldrums, say analysts, when forex is much needed for t...

Bank lending rate being uncapped

JUBAIR HASAN 2022-11-26 08:46:31

Borrowers should brace for costlier funds as lending-rate caps are being phased out to give a much-coveted profitability raise to bankers who lament inflationary pressure on their earnings, sources...

Bangladesh poised to become trillion-dollar economy by 2040: US firm

-- 2022-11-25 19:10:49

Bangladesh is on course to emerge as a $1.0 trillion economy by 2040 at an average growth rate of 5.0 per cent, powered by a surge in middle and affluent consumers, an American consulting firm said in...

SME board's investment rules: A conundrum

BABUL BARMAN 2022-11-25 09:15:47

The Small Capital Platform Index -- DSMEX -- plummeted 40 per cent or 898 points to 1,346 over the three months to November 23 after the securities regulator had revised the minimum investment to Tk 3...

Auditor casts doubts on Beach Hatchery’s asset disclosure

FE REPORT 2022-11-25 09:13:19

The auditor of Beach Hatchery has casted doubts on the fair value of the factory building and hatchery equipment as these were dismantled by the government to construct marine drive. The auditor laid...

KDS Accessories holds AGM

Our Correspondent 2022-11-25 09:09:00

CHATTOGRAM: The 31st Annual General Meeting (AGM) of KDS Accessories Limited was held on a virtual platform on Thursday. The AGM approved the highest dividend since its IPO at the rate of 16 per cent...

Bangladesh to get 1-1.5m tonnes LNG annually from Brunei

-- 2022-11-24 18:54:26

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said Bangladesh is going to get 1-1.5 million tonnes of liquefied natural gas (LNG) from Brunei starting in early 2023. H...

Bangladesh call for expanding Intra-IORA trade

FE ONLINE REPORT 2022-11-24 18:20:06

Bangladesh on Thursday called upon all members of IORA to gear up efforts to expand intra-country trade by removing trade barriers. Despite the potential for trade and investment, even aft...

Pre-opening session to disappear in another move to keep stocks up

FE REPORT 2022-11-24 09:37:01

The securities regulator ordered removal of the five-minute pre-opening session from today (Thursday) to shun any negative impression on investors, created by daunting selling pressure during the time...

Forex reserves fall again

FE REPORT 2022-11-24 09:16:48

The foreign-currency reserves fell again in recent days, after a slight rise, due mainly to increased demand for the US dollar for meeting import-payment obligations, officials said. It stood at US$3...

Online income tax returns submission crosses 0.10m

-- 2022-11-23 21:54:46

The submission of income tax returns through electronic method or online on Wednesday crossed the milestone of 0.10 million, thanks to the huge interest created among the valued taxpayers on such meth...

BD urges for funding, equitable trade to ensure SDG implementation

FE ONLINE REPORT 2022-11-23 17:29:16

Bangladesh urged the world community to address the issue of funding for the successful implementation of the Sustainable Development Goals (SDG). “Arranging necessary financing for infra...

Unexpected gain at unexpected time: Square Pharma stays ahead of peers

Mohammad Mufazzal 2022-11-23 08:57:36

Square Pharmaceuticals has yet again proved its dominance in the industry and business acumen. Just like many other pharma and non-pharma companies, it has experienced a significant rise in administr...

CMSMEs to get credit guarantee facility

FE REPORT 2022-11-23 08:46:01

Alongside term loan, the cottage, micro, small and medium enterprises (CMSMEs) will now get credit-guarantee facility against working capital and trading capital under the Tk 250-billion refinancing s...

ECNEC approves 8 projects with Tk 48.26 billion

-- 2022-11-22 18:58:41

The Executive Committee of the National Economic Council (ECNEC) has approved a Tk 25.80 billion Coastal Towns Climate Resilience Project (CTCRP) to strengthen climate and disaster resilience in 22 co...

NBR falls short of revenue collection target for July-October

-- 2022-11-22 15:40:53

The National Board of Revenue (NBR) has collected Tk 909.02 billion in the July-October period of the current fiscal year (FY23), against the target of Tk 973.07 billion. According to NBR's latest da...