The Financial Express

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Stocks open positive, turnover remains low

FE ONLINE REPORT 2022-11-22 11:27:53

Stocks opened martially higher on Tuesday after the key index hitting three-month low on the previous day as bargain hunters showed buying interest in lucrative issues. Following the previous two day...

Jamuna Bank to establish exchange house in Spain

FE REPORT 2022-11-22 09:06:35

Jamuna Bank Ltd will establish an exchange house in Spain to bring foreign remittance to Bangladesh through the banking channel. The listed lender has received approval from the Bangladesh Bank to th...

SIBL aims to join leading Islami banks in next two years

JUBAIR HASAN 2022-11-22 09:03:29

Social Islami Bank Limited (SIBL) aspires to become one of the three leading Islami banks in the country by the next couple of years, with a greater focus on technological development. To reach the t...

DSE to elect two new shareholder directors

FE REPORT 2022-11-22 09:02:21

The Dhaka Stock Exchange (DSE) will hold an election to two posts of shareholder director on December 22, as the three-year tenure of two directors will expire this year in line with the demutualisati...

Bangladesh seeks GSP support from Italy to face post-LDC challenges

FE ONLINE REPORT 2022-11-21 17:21:01

Commerce Minister Tipu Munshi has sought GSP support from Italy for Bangladesh to face the post-LDC challenges after its final graduation as a developing nation. The minister also called upon the Eur...

IORA kicks off Tuesday in city eyeing inclusive, open Indian Ocean

FE ONLINE REPORT 2022-11-21 14:38:25

Sustainable use of maritime resources and an inclusive, open ocean will be the main focus of the three-day-long international conference of the Indian Ocean Rim Association (IORA), which will start in...

DSEX slips below 6200-mark at open

FE ONLINE REPORT 2022-11-21 11:21:35

Stocks opened lower on Monday, with the key index of the prime bourse dipping below the 6200-mark, as the recent dismal earnings disclosures and looming economic uncertainties eroded investors' confid...

Energy sector faces bleak prospect of escaping spell of declines

BABUL BARMAN 2022-11-21 09:02:32

The operations of fuel and power companies depend entirely on imports, and so when taka loses its value against dollar, pricier fuel in the global market gets even pricier, pushing several listed comp...

ICB EPS plunges 63pc in Q1

FE Report 2022-11-21 09:00:36

The state-run Investment Corporation of Bangladesh (ICB) saw a steep fall in earnings per share (EPS) for July-September (Q1) 2022, compared to the same quarter of the previous year. For the Q1 202...

ABG strikes deal with CSE on strategic partnership

FE REPORT 2022-11-21 08:40:29

ABG Ltd., a sister concern of Bashundhara Group, is set to become a key strategic partner of the Chittagong Stock Exchange (CSE) by acquiring 25-per cent stake of the bourse. A partnership deal was s...

Bangladesh keen to boost trade with seven sisters of India

-- 2022-11-20 21:32:06

Terming India as a friendly nation as well as a trade and development partner of Bangladesh, Commerce Minister Tipu Munshi has said that there is a huge scope for boosting trade and investment of Bang...

ABB chairman dismisses liquidity crisis rumours again

FE ONLINE DESK 2022-11-20 20:05:02

The Association of Bankers, Bangladesh (ABB) has ruled out rumours about a liquidity crisis in the banking system of Bangladesh. "It is most disappointing to see different posts on social media about...

Dollar crisis hits shipping sector as payment to MLOs face hurdles

FE ONLINE REPORT 2022-11-20 19:13:18

The ongoing foreign exchange reserve crisis has had a negative impact on the shipping sector as well, as shipping entrepreneurs are unable to remit funds to main line operators. If the situation cann...

Hasina urges entrepreneurs to keep up pace of industry to meet domestic demand

bdnews24.com 2022-11-20 14:01:18

Prime Minister Sheikh Hasina has urged factory owners and other titans of industry to continue working and meet the needs of Bangladesh’s populace despite the ongoing global economic uncer...

PM opens, lays foundation stones of 50 industrial units, infrastructures

UNB 2022-11-20 11:58:05

Prime Minister Sheikh Hasina on Sunday inaugurated and laid foundation stones of 50 industrial units and infrastructures at different economic zones on the occasion of the golden jubilee of the countr...

Gloomy business climate discourages companies to go public

Mohammad Mufazzal 2022-11-20 08:56:29

Initial public offering is a means to raise capital from public investors for the expansion of a business. But when companies are making less money, battered by inflation and other global worries, any...

Capital market growth needs more foreign investments: BSEC

FE Report 2022-11-20 08:54:46

Sustainable development of the capital market is possible if risks are minimized through investment literacy and foreign investors are attracted, said the securities regulator. "Foreign investments w...

Widen direct tax net to increase tax-GDP ratio, speakers say at seminar

FE Report 2022-11-20 08:53:29

Emphasising an increase in tax-GDP ratio, speakers at a programme on Saturday urged the revenue authorities to widen direct tax net while reducing pressure on indirect tax collection. If income tax c...

NBR fears revenue shortfall on austerity measures

DOULOT AKTER MALA 2022-11-20 08:50:11

The revenue board has identified four policy measures that could prove barriers to achieving revenue collection targets unless effective actions are taken to offset the fallout, according to a polic...

Macro-economy under stress, says MCCI

FE Report 2022-11-20 08:46:50

Despite showing some signs of recovery, the country's macro-economy is now under pressure due to the high rate of US dollar, increased import payments, negative current account balance, weak remitta...

Speakers for increasing direct tax net

-- 2022-11-19 22:06:43

Speakers at a discussion emphasised increasing direct income tax to reduce increasing inequality in the taxation system. They came up with the remarks in a seminar titled 'Combating Inequality...

Weekly market review: Stocks lose more ground amid sour sentiment

BABUL BARMAN 2022-11-19 09:07:07

Stocks witnessed yet another downbeat week, with the benchmark index plunging deeper into the red as investors, reeling from market turbulence, raced to sell off their holdings to avoid further erosio...

Islami Commercial Ins IPO opens tomorrow

FE REPORT 2022-11-19 09:05:32

The initial public offering (IPO) of Islami Commercial Insurance Company will open for subscription tomorrow (Sunday), aiming to raise over Tk 202.61 million from the capital market under fixed-price...

Interest equilibrium implies uncertain economic outlook

JASIM UDDIN HAROON 2022-11-19 08:49:18

Bangladesh's treasury yield curve has now flattened further due, many believe, to hikes in policy rates and other regulatory moves tightening the monetary stances to fight stubbornly high inflation....

50 industrial units in EZs to be inaugurated Sunday

-- 2022-11-18 20:06:33

Prime Minister Sheikh Hasina will inaugurate 50 industrial units, projects and facilities in Economic Zones (EZs) on Sunday, marking 50 years of independence. Bangladesh Economic Zones Authorit...

IPDC Finance and Premier Bank to raise funds through bonds

FE REPORT 2022-11-18 10:02:17

IPDC Finance and Premier Bank will raise Tk 1.50 billion and Tk 6.0 billion respectively by issuing subordinate bonds to strengthen their capital base and facilitate future growth. Bangladesh Secur...

Sonali Aansh to give 100pc stock dividend to meet regulatory obligation

FE REPORT 2022-11-18 09:54:15

Sonali Aansh Industries has declared a 100 per cent stock dividend for the fiscal 2021-22, the highest since its listing with the stock market, to expand its paid-up capital, a requirement set by the...

Here is how and why investors are crowding into open-end MFs

MOHAMMAD MUFAZZAL 2022-11-18 09:43:02

The 2010 capital market crash dragged the mutual fund sector into a dark abyss, but it started coming into light with the help of open-end MFs four years ago attracting new investments. Fund managers...

'End dilemmas, kick-start structural reform'

FE REPORT 2022-11-18 08:46:59

No use blaming only the global crunch, rather the government should kick-start structural reform in financial sector to remove anomalies to navigate oncoming crises, says an economic think-tank. The...

Forex reserves see scanty rise

FE REPORT 2022-11-18 08:38:12

Despite selling US$ 527 million to the banks in the last seven days, the foreign-exchange reserves increased slightly during the period thanks to a decline in import payments of late, according to o...