The Financial Express

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Remittance recedes further as reserves also deplete

JUBAIR HASAN 2022-11-02 08:41:08

Inward remittance continues declining as Bangladesh saw the lowest receipt of foreign currencies from expatriates in eight months to October-in tandem with export fall-even though manpower export has...

IMF suggests BBS to release GDP data quarterly

FE REPORT 2022-11-02 08:38:24

The International Monetary Fund (IMF) on Tuesday suggested Bangladesh Bureau of Statistics (BBS) release quarterly data on gross domestic product (GDP) instead of existing annual reporting practice, o...

Bangladesh BSCIC Bill placed in parliament

-- 2022-11-01 21:06:55

Bangladesh Small and Cottage Industries Corporation (BSCIC) Bill, 2022 was placed today in parliament to make industrial entities of the organisation more effective. Industries Minister Nu...

Remittances drop for third month

-- 2022-11-01 20:40:57

Bangladesh's inward remittances have declined for the third month, failing to ease pressure on the dwindling foreign currency reserves. Remittances sent home by Bangladeshis abroad fell 7.3 per cent...

NBR announces November as tax service month

-- 2022-11-01 18:51:19

The National Board of Revenue (NBR) has announced November as the tax service month in a bid to facilitate the submission of tax returns for the year 2022-23. Each of the income tax zones will provid...

City Bank’s EPS falls marginally

FE REPORT 2022-11-01 14:11:23

The City Bank has reported consolidated earnings per share (EPS) of Tk 2.75 for January-September, 2022 as against Tk 2.77 for the same period a year ago. The company's consolidated net profit after...

DSE tech chief sent on forced leave after repeated trading disruptions

-- 2022-11-01 13:10:07

The Bangladesh Securities and Exchange Commission has decided to send the chief technology officer of the country’s largest stock market on forced leave pending an investigation into why t...

Bangladesh raises rate for dollars sent by doctors, engineers to Tk 107

FE ONLINE DESK 2022-11-01 12:48:54

The rate for dollars sent by doctors, engineers, lawyers, bankers, nurses and other expatriates holding so-called white-collar jobs has been raised to Tk 107, bdnews24.com reports. They were ge...

BATBC declares 100pc interim cash dividend

FE ONLINE REPORT 2022-11-01 11:42:04

The board of directors of British American Tobacco has recommended 100 per cent interim cash dividend for the year ending on December 31, 2022. The record date for entitlement of interim cash dividen...

DSE, CSE open higher after two-day slump

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

Stocks opened higher on Tuesday, riding on the price appreciation in some selective stocks amidst the ongoing earnings declarations. Following the previous day’s fall, DSEX, the prime index of...

BRAC Bank's Q3 profit rises but stock lies low

MOHAMMAD MUFAZZAL 2022-11-01 10:49:30

BRAC Bank is traded at depressed prices despite a whopping 53.66 per cent year-on-year profit growth in the third quarter to September this year. During this time, its consolidated earnings per share...

Deficit in confidence keeps big pharma low on bourses

BABUL BARMAN 2022-11-01 10:23:40

Big drug makers have made no movement from floor prices on the Dhaka Stock Exchange for a while even after declaring good year-on-year profit growths in the year ended in June. And the others are goi...

ADB to provide $420 million reconstruction support

FHM HUMAYAN KABIR 2022-11-01 08:45:53

The Asian Development Bank (ADB) is expected to provide a concessional loan of US$420 million in response to a call for its emergency support to rehabilitate mainly the rural infrastructure devastated...

‘Recent high growth increases unemployment rate’

FE ONLINE REPORT 2022-10-31 20:18:22

Bangladesh’s high growth in recent years failed to create the desired level of employment, causing high unemployment rate, economists said. In this connection, they emphasised ensuring employme...

Suspicious transactions increased by 62.32pc in FY22, says BFIU

-- 2022-10-31 17:16:32

The suspicious transaction reports (STR) and suspicious activity reports (SAR) have increased by 62.32 per cent in the fiscal year 2021-22, compared to that of the previous fiscal year. According to...

Bangladesh could lose a third of agricultural GDP due to climate effects by 2050: WB

FE ONLINE REPORT 2022-10-31 14:28:11

One-third of agricultural GDP could be lost in Bangladesh due to climate variability and extreme events by 2050, the World Bank has said in a report. Average tropical cyclones cost Bangladesh a...

Bourses marginally down at opening

FE ONLINE REPORT 2022-10-31 11:57:56

The stock market witnessed volatility at the opening on Monday as the shaky investors preferred profit-booking on sector-specific large-cap issues. Following the previous day’s correction, DSEX...

Beximco's profit doubles but stock plunges

BABUL BARMAN 2022-10-31 11:20:20

Bangladesh Export Import Company (Beximco) dropped to 'floor price' on Sunday after it declared a growth acceleration in fiscal year 2021-22 to double the profit it made in the previous fiscal year....

IDLC Finance’s profit drops 30pc in Q3

FE REPORT 2022-10-31 10:54:37

IDLC Finance, one of the leading non-bank financial institutions, has reported a 30 per cent year-on-year fall in profit in the third quarter of 2022, due to low income from investment. The company&r...

Price restriction: what good does it bring for stocks?

MOHAMMAD MUFAZZAL 2022-10-31 10:48:48

Investors are hesitant to buy even good stocks while stuck at floor prices because they wait for further price corrections, market operators say. Price correction and appreciation are the key part of...

RMG export target for FY23 unlikely to be achieved, says BGMEA

-- 2022-10-30 20:54:58

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has said Bangladesh’s export earnings target from the readymade garments (RMG) sector for the current fiscal year (FY 2022-23)...

‘223 investment proposals worth Tk 316.10b received in July-September quarter'

-- 2022-10-30 18:51:04

Fully foreign and joint venture investment proposals with Bangladesh Investment Development Authority (BIDA) rose by 809.75 per cent (Tk 170.80 billion) during the July-September quarter in 2022 compa...

BB will go slow in calculating forex reserves following IMF formula

-- 2022-10-30 18:28:28

The Bangladesh Bank (BB) has recently agreed to calculate reserves following the international standard as advised by the International Monetary Fund (IMF), but the process will be slow considering it...

Eastland Insurance's profit rises over 26pc

FE REPORT 2022-10-30 11:36:07

Eastland Insurance Company records positive growth in its net premium income and profit after tax for July-September, 2022. Net profit stood at Tk 25.44 million in the third quarter after a 26.19 per...

Robi's profit remains low as it burns cash

FE REPORT 2022-10-30 11:04:25

The country's second largest telecom operator Robi Axiata has reported positive earnings for July-September, 2022 after incurring loss in the immediate past quarter. The consolidated EPS, however, re...

DSE trading delayed due to 'technical glitch'

FE ONLINE REPORT 2022-10-30 10:54:15

Trading at the country’s premier bourse, the Dhaka Stock Exchange (DSE), has been delayed by one and a half hours for what authorities say is a “technical glitch”. The trading will...

Sustainability reporting by PLCs: Bangladesh ranks lowest in SA

FE REPORT 2022-10-30 09:02:52

Bangladesh ranked one of the lowest in sustainability reporting in 2019 among the South Asian publicly listed companies (PLCs), according to a latest research findings. Only 49 companies out of 320 l...

Government keen to expand digital banking, looks into digital currency launch

-- 2022-10-29 15:36:26

The government is optimistic about expanding digital banking in the country to accelerate financial inclusion with an aim to create more jobs for young jobseekers. According to an official document s...

Olympic Industries’ profit slumps to seven-year low on high production cost

FE REPORT 2022-10-29 13:15:26

The net profit of Olympic Industries Limited slumped to nearly Tk 1.21 billion in fiscal year (FY) 2021-22, the lowest in seven years, dented by higher production cost and rising raw materials prices....

Weekly market review: Stocks fall as investor sentiment dips

FE REPORT 2022-10-29 12:57:48

Stocks ended the outgoing week in the red, extending the losing streak to a third week, as the investors continued selloffs on sector-specific shares amid the ongoing earnings season. Of the five tra...