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The Financial Express

Search results for: BAN

Banks allowed to maintain Yuan accounts to settle cross-border transactions

Banks allowed to maintain Yuan accounts to settle cross-border transactions

-- 2022-09-15 20:09:41

Bangladesh Bank (BB) has allowed banks to maintain accounts in Yuan with their corresponding branches abroad to settle cross-border transactions in Chinese currency. "To bring wider scope, it has bee...

Tipu hopes road communication with Bhutan will help in boosting trade

Tipu hopes road communication with Bhutan will help in boosting trade

-- 2022-09-15 18:59:30

Commerce Minister Tipu Munshi has said that the launching of road communication with Bhutan via a third country would boost bilateral trade, commerce and tourism. He also opined that communication be...

Tigers' World Cup squad looks perfect to bring the anticipated change

Tigers' World Cup squad looks perfect to bring the anticipated change

Neel Rahman 2022-09-15 18:00:55

After days of mulling, Bangladesh announced their 15-man squad for the upcoming T20 World Cup in Australia and the tri-series in New Zealand prior to that. The squad finally saw Mahmudullah Riyad axe...

ADB to provide $500m loan to Bangladesh as budget support

ADB to provide $500m loan to Bangladesh as budget support

-- 2022-09-15 16:55:12

The Asian Development Bank (ADB) would provide $500 million to Bangladesh as budget support on soft conditions. ADB Country Director to Bangladesh Edimon Ginting said this to reporters after meeting...

BB increases shippers' EDF facility

BB increases shippers' EDF facility

-- 2022-09-15 16:33:20

Bangladesh Bank (BB) has introduced a facility for exporters to repay the loans taken from its Export Development Fund (EDF) in instalments. From now, the entire loan liability can be repaid in three...

Bourses rebound after single-day break

Bourses rebound after single-day break

FE ONLINE REPORT 2022-09-15 15:01:33

Stocks bounced back Thursday, after a single-day break, as the bargain hunters revealed their buying interest in sector-specific issues. The market moved between positive and negative several times b...

Stocks witness positive trend at opening

Stocks witness positive trend at opening

FE ONLINE REPORT 2022-09-15 12:18:17

The stock market witnessed a positive trend at the opening on Thursday as bargain hunters went on a buying spree in selective issues. Following the previous day’s fall, DSEX, the prime index of...

IPO of Global Islami Bank to open October 16

IPO of Global Islami Bank to open October 16

FE REPORT 2022-09-15 10:23:44

The initial public offering (IPO) of Global Islami Bank will open for subscription on October 16, aiming to raise Tk 4.25 billion from the capital market under the fixed-price method. The IPO subscri...

Govt appoints Genex Infosys for VAT collection

Govt appoints Genex Infosys for VAT collection

-- 2022-09-14 18:41:00

Genex Infosys Limited, a leading IT service provider, will provide and install 300,000 VAT collecting machines in Dhaka city and its adjoining areas as well as in Chottagram city in the next three yea...

‘Market-based foreign exchange rate on the cards’

‘Market-based foreign exchange rate on the cards’

-- 2022-09-14 17:01:27

Finance Minister AHM Mustafa Kamal has said that the government is considering introducing market-based foreign currency exchange rates. “We’re contemplating going for market-based foreig...

DSEX drops blow 6500-mark again as investors book profit on large-cap stocks

DSEX drops blow 6500-mark again as investors book profit on large-cap stocks

FE ONLINE REPORT 2022-09-14 14:55:59

The stock market fell sharply on Wednesday, with the prime index of the major bourse dipping below 6,500-mak again, as the investors booked profit on large-cap stocks. DSEX, the prime index of the Dh...

Bourses witness positive trend as bargain hunters active on selective issues

Bourses witness positive trend as bargain hunters active on selective issues

FE ONLINE REPORT    2022-09-14 12:12:13

The stock market witnessed an upward trend at opening on Wednesday as bargain hunters went on buying spree on selective issues. Following the previous day’s modest gain, DSEX, the pri...

IPDC to avail loan of 15m euros from German institution

IPDC to avail loan of 15m euros from German institution

FE REPORT 2022-09-14 10:28:34

IPDC Finance has received the regulatory approval to avail long-term financing of 15.0 million euros from Deutsche Investitions-und Entwicklungsgesellschaft (DEG), a development finance institution...

Akhaura-Agartola railway line project: ECNEC extends its deadline yet again

Akhaura-Agartola railway line project: ECNEC extends its deadline yet again

FE REPORT 2022-09-14 08:49:11

Failure in completing an India-funded 10km cross-border railway line installation project has compelled the government to extend the deadline on the fourth occasion, officials said on Tuesday. The go...

Central bank website shows Tk 106.15 as highest inter-bank dollar exchange rate

Central bank website shows Tk 106.15 as highest inter-bank dollar exchange rate

FE ONLINE DESK 2022-09-13 20:25:30

The website of the Bangladesh Bank shows Tk 106.15 as the highest inter-bank rate of dollar exchanges and Tk 101.67 as the lowest rate. According to the website of the central bank, these prices were...

Bourses edge up after two-day slump

Bourses edge up after two-day slump

FE ONLINE REPORT     2022-09-13 14:51:37

Stocks finished marginally higher on Tuesday, after a two-day correction, as bargain hunters showed their buying interest on sector specific issues. DSEX, the key index of the Dhaka Stock Exchange (D...

Stocks open higher after two-day slump

Stocks open higher after two-day slump

FE ONLINE REPORT     2022-09-13 11:55:47

The stock market witnessed an upturn at the opening on Tuesday after a two-day slump, as bargain hunters went on buying spree on selective issues. Following the previous day’s correction, DSEX,...

Post-listing non-performance: BSEC asks some merchant banks to explain

Post-listing non-performance: BSEC asks some merchant banks to explain

FE REPORT 2022-09-13 11:01:21

The securities regulator has asked several merchant banks to explain why their issue management activities will not be suspended over their involvement in the listing of non-performing companies. The...

JMI Hospital Requisite keeps rising sans PSI

JMI Hospital Requisite keeps rising sans PSI

FE REPORT 2022-09-13 09:59:47

The stock price of JMI Hospital Requisite Manufacturing was rising 'abnormally' since its debut five months back amid an 'irrational hype' involving investors. The medical equipment manufacturer's sh...

BD can earn $20b more from exports to EU, UK

BD can earn $20b more from exports to EU, UK

MONIRA MUNNI 2022-09-13 08:58:48

Bangladesh could earn an additional US$20 billion through export of goods to the European Union (EU) and the United Kingdom (UK), as full potentials of the markets still remain untapped, according to...

Dollar gets costlier by Tk 1.0

Dollar gets costlier by Tk 1.0

FE ONLINE REPORT 2022-09-12 21:52:07

The taka depreciated further against the US dollar on Monday, more than a month after a similar fall. The local currency lost its value by Tk 1.0 on the interbank foreign exchange (forex) market on t...

BBG discuss ways to overcome trade challenges after Bangladesh’s LDC graduation

BBG discuss ways to overcome trade challenges after Bangladesh’s LDC graduation

FE ONLINE DESK 2022-09-12 19:11:06

The British Business Group (BBG) Bangladesh recently organised an event to discuss on the preparation, planning, implementation, and monitoring of the possible challenges of Bangladesh’s LDC gra...

Economic benefit of hydrocele surgery outweighs cost by 15 times

Economic benefit of hydrocele surgery outweighs cost by 15 times

-- 2022-09-12 18:47:52

The economic benefit of hydrocele surgery outweighs the cost by 15 times, said International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b) on Monday. It noted that patients with scrota...

BCB lacks the vision to change Bangladesh in T20 cricket

BCB lacks the vision to change Bangladesh in T20 cricket

Ahnaf Wazed Khan 2022-09-12 17:28:03

Bangladesh are going to prepare for the World cup properly now. The making of two new wickets of concrete in the BCB academy is reportedly at its final stage. Concrete wickets usually help more for b...

Stocks keep falling for second day

Stocks keep falling for second day

FE ONLINE REPORT    2022-09-12 16:40:40

Stocks passed another downbeat session on Monday as cautious investors preferred for booking profits on sector-specific large-cap issues. The market opened on a positive note and the key index rose a...

Navana Pharma launches IPO Tuesday

Navana Pharma launches IPO Tuesday

FE REPORT 2022-09-12 14:04:15

The initial public offering (IPO) of Navana Pharmaceuticals will open for subscription tomorrow (Tuesday), aiming to raise Tk 750 million under the book-building method. The IPO subscription period w...

Markets witness volatility at opening

Markets witness volatility at opening

FE ONLINE REPORT   2022-09-12 11:52:14

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

NBL to issue $100m foreign bond

NBL to issue $100m foreign bond

FE REPORT 2022-09-12 11:19:21

National Bank Ltd (NBL) will issue foreign currency-dominated subordinated bond worth USD 100 million to strengthen its capital base under Basel-III guidelines. The company's board of directors has t...

Foreign currency dealers, banks cap dollar exchange rates

Foreign currency dealers, banks cap dollar exchange rates

-- 2022-09-11 18:48:32

Foreign currency dealers and banks have finally capped the dollar exchange rates following Bangladesh Bank’s instructions amid a lingering crisis centring the greenback. The ceiling will be Tk...

Rice acreage declines both in Aus and Aman season

Rice acreage declines both in Aus and Aman season

YASIR WARDAD 2022-09-11 18:30:28

Rice acreage in both Aus and Aman seasons, which comprise 45 per cent of the country's rice supplies combined, has shrunk notably this year, causing a great concern for food security. The astronomica...