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The Financial Express

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Bourses open higher after two-day slump

Bourses open higher after two-day slump

FE ONLINE REPORT 2022-10-25 11:30:54

Stocks opened higher on Tuesday, after the previous day’s reduced trading hours due to a technical glitch, as bargain hunters showed their buying interest in lucrative issues. A technical glitc...

IPDC profit drops 18pc, driven by subdued stock market, higher provision

IPDC profit drops 18pc, driven by subdued stock market, higher provision

BABUL BARMAN 2022-10-25 10:33:06

IPDC Finance Ltd has reported an 18 per cent year-on-year fall in its net profit in the third quarter of 2022, mainly due to higher provisions against loans and a decline in income from the stock mark...

First Security Islami Bank looks to strengthen footprint, riding on tech

First Security Islami Bank looks to strengthen footprint, riding on tech

JUBAIR HASAN 2022-10-25 10:29:39

First Security Islami Bank Limited (FSIBL) is putting increased emphasis on technological development, security and financial inclusion, in order to further strengthen its footprint in the country's f...

BSEC fines Swadesh Investment for breaching rules

BSEC fines Swadesh Investment for breaching rules

FE REPORT 2022-10-24 13:03:07

Bangladesh Securities and Exchange Commission (BSEC) has fined Swadesh Investment Management Tk 5.0 million for breaching the rules tied to the management of portfolios and public issues. Financial m...

Technical glitch halts trading at DSE

Technical glitch halts trading at DSE

FE ONLINE REPORT 2022-10-24 12:19:13

A technical glitch halted trading at Dhaka Stock Exchange (DSE) since 10:58 am on Monday. Top officials of the country’s premier bourse said they were trying to solve the glitch and resume trad...

Mutual Trust Bank aspires to be top digital bank

Mutual Trust Bank aspires to be top digital bank

JUBAIR HASAN 2022-10-24 11:47:18

Mutual Trust Bank (MTB) Limited is expediting business transformation with a high focus on digital banking, in a bid to further empower its customers. The key commercial bank that came into operation...

Stocks' volatility eats up govt earnings from DSE

Stocks' volatility eats up govt earnings from DSE

BABUL BARMAN 2022-10-24 11:44:59

The government's revenue earnings from the Dhaka Stock Exchange dropped 33 per cent year-on-year to Tk 881 million in the first quarter of the current fiscal year, owing to a decline in turnover and s...

BB to issue Tk 500 notes signed by new governor

BB to issue Tk 500 notes signed by new governor

FE REPORT 2022-10-24 09:39:46

Bangladesh Bank will issue new Tk 500 banknotes signed by its Governor, Abdur Rouf Talukder, today (Monday). The new notes will be available at the Bangladesh Bank head office today while at th...

NBR's Q1 revenue collection grows 16pc

NBR's Q1 revenue collection grows 16pc

DOULOT AKTER MALA 2022-10-24 09:14:17

The country's internal tax revenue collection grew by nearly 16 per cent (year-on-year) in the first quarter (Q1) of the current fiscal year despite posting a shortfall of Tk 40.74 billion against...

A World Cup of hope and possible despair

A World Cup of hope and possible despair

Neel Rahman 2022-10-23 16:30:21

After all the chit-chats and all the speculations, Bangladesh are finally on the verge of playing their first game in the 2022 T20 World Cup in Australia. Their first match is against the Netherlands...

Markets open marginally higher

Markets open marginally higher

BABUL BARMAN 2022-10-23 11:05:38

Stocks opened marginally higher on Sunday as bargain hunters showed their buying interest in lucrative issues. Following the previous day’s flat session, DSEX, the prime index of the Dhaka...

Inside information suspected behind abnormal ups and downs of stock prices

Inside information suspected behind abnormal ups and downs of stock prices

MOHAMMAD MUFAZZAL 2022-10-23 10:23:49

Quick stock price hikes before corporate declarations and then a slide just as swiftly after disclosures are the fallouts of trading based on insider information, sources in the capital market say. T...

50 industrial units, projects, facilities in EZs to be inaugurated on Oct 26

50 industrial units, projects, facilities in EZs to be inaugurated on Oct 26

-- 2022-10-21 22:48:20

As many as 50 industrial units, projects and facilities will be inaugurated in economic zones (EZs) across the country on October 26 marking 50 years of independence. Bangladesh Economic Zones Author...

Sending staff to Bangladesh for talks on new lending programmes, says IMF

Sending staff to Bangladesh for talks on new lending programmes, says IMF

-- 2022-10-21 21:17:47

The International Monetary Fund on Friday said it was sending a staff mission to Bangladesh from Oct 26 to Nov 9 for initial discussions on economic and financial reforms, with an eye to a future lend...

Bangladesh forex reserves sink below $36 billion despite spending restrictions

Bangladesh forex reserves sink below $36 billion despite spending restrictions

FE ONLINE DESK 2022-10-21 11:12:07

Bangladesh’s foreign currency reserves have dropped below $36 billion, 28 months after crossing the mark, despite the government’s austerity measures to save dollars, bdnews24.com re...

Grameenphone profit rises 6pc in Q3, driven by Internet use

Grameenphone profit rises 6pc in Q3, driven by Internet use

FE REPORT 2022-10-21 09:04:36

Grameenphone'snet profit grew by 6 per cent year-on-year in the third quarter to Tk 9.1 billion, helped by growth in data use. And 4G users grew by 15.9 per cent year-on-year. As a result, earnings...

Unilever Consumer Care grows riding on price hikes, efficiency

Unilever Consumer Care grows riding on price hikes, efficiency

MOHAMMAD MUFAZZAL 2022-10-20 08:46:53

Unilever Consumer Care has reported 15 per cent growth in the earnings per share (EPS) for July-September (Q3), 2022 compared to the same period in the previous year, riding on price hikes and opera...

Bangladesh plans to scrap tax fair for third consecutive year

Bangladesh plans to scrap tax fair for third consecutive year

-- 2022-10-19 19:58:43

People will have to look up the addresses of their respective tax offices once again to submit their returns as the National Board of Revenue decided not to organise the annual tax fair for the third...

BPC plans to import 5.46m tonnes of fuel in 2023

BPC plans to import 5.46m tonnes of fuel in 2023

-- 2022-10-19 17:27:46

Bangladesh Petroleum Corporation (BPC) is planning to purchase 5.46 million tonnes of fuel from the international market to meet the country's needs in 2023. The proposal for next year's fuel impor...

‘Dui Diner Duniya’ - an interesting story fails to hit the spot

‘Dui Diner Duniya’ - an interesting story fails to hit the spot

Shadique Mahbub Islam 2022-10-19 17:15:52

Dui Diner Duniya, a supernatural road thriller directed by Anam Biswas, the famed director of ‘Debi,’ and written by Ashraful Alam Shao, has been available on the OTT platform Chorki since...

Unilever’s EPS jumps 40pc in nine months

Unilever’s EPS jumps 40pc in nine months

FE ONLINE REPORT  2022-10-19 11:35:51

Unilever Consumer Care posted a 40 per cent profit growth in the nine months from January to September 2022 compared to the same period of the previous year, due mainly to efficiency in operating expe...

Stocks open higher snapping four-day slump

Stocks open higher snapping four-day slump

FE ONLINE REPORT  2022-10-19 10:58:22

Stocks opened higher on Wednesday after four-day slump, as bargain hunters showed their buying interest on lucrative issues. Following the previous four days’ fall, DSEX, the prime index of the...

Flying debut of Navana Pharma as investors' hopes hinge on the sector

Flying debut of Navana Pharma as investors' hopes hinge on the sector

BABUL BARMAN 2022-10-19 09:19:11

Navana Pharmaceuticals made a flying debut on Tuesday on the bourses as its share price hit the upper limit circuit breaker amid much hype among investors. The share price jumped 10 per cent, or Tk 2...

IMF team arrives on October 26 to discuss $4.5b loan

IMF team arrives on October 26 to discuss $4.5b loan

-- 2022-10-18 20:53:14

The Ministry of Finance on Tuesday said a team from the International Monetary Fund (IMF) will arrive in Bangladesh on October 26 to discuss the terms of a $4.5 billion loan to Bangladesh. The IMF te...

BB chief discusses $5.5bn loans with IMF, World Bank to build a buffer

BB chief discusses $5.5bn loans with IMF, World Bank to build a buffer

FE ONLINE DESK 2022-10-18 10:37:04

Bangladesh Bank Governor Abdur Rouf Talukder had quite a busy schedule over the weekend as he sat with top officials of both the International Monetary Fund, or the IMF, and World Bank, or the...

Apex Foods plummets amid selling pressure to avoid loss

Apex Foods plummets amid selling pressure to avoid loss

MOHAMMAD MUFAZZAL 2022-10-18 08:53:14

Apex Foods topped the list of the losers on Monday just after reporting a whopping 148 per cent growth in earnings per share (EPS) and 20 per cent cash dividend for the fiscal 2021-22. The stock fell...

Revenue collection drops by 13pc in Q1

Revenue collection drops by 13pc in Q1

-- 2022-10-17 19:27:17

Revenue collection fell by 13 per cent in the first quarter - July to September - after growth in the first two months of the current fiscal year 2022-23, NBR's latest data reveals. According to the...

Stocks witness modest rise at opening

Stocks witness modest rise at opening

FE ONLINE REPORT 2022-10-17 12:14:01

Stocks posted a modest rise on Monday amid volatile trading as investors were mostly cautious amid a lack of clear direction in the market trend. Following the previous day’s marginal correctio...

DESCO to give 10pc cash dividend as EPS goes down

DESCO to give 10pc cash dividend as EPS goes down

FE REPORT 2022-10-17 08:52:51

The Dhaka Electric Supply Company (DESCO) recommended 10% cash dividend for the fiscal 2021-22, having suffered a 14.52 per cent decrease in earnings per share or EPS. The EPS slid down to Tk 1.59...

IMF team due this week to discuss $4.5b loan request

IMF team due this week to discuss $4.5b loan request

-- 2022-10-16 18:46:40

A delegation from International Monetary Fund (IMF) will arrive in Dhaka this week to start negotiations on Bangladesh’s request for a US $4.5 billion loan as budgetary support, official sources...