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The Financial Express

Search results for: BAN

Central bank revises cluster credit guidelines to boost small enterprises

Central bank revises cluster credit guidelines to boost small enterprises

-- 2022-08-14 21:14:57

Bangladesh Bank (BB) has revised guidelines easing its policy and definition of cluster financing to grow specialised products in a specific area in the country. SME & Special Programmes Departme...

91pc SMEs don't get bank loans

91pc SMEs don't get bank loans

-- 2022-08-14 19:52:31

The commercial banks are reluctant to provide loans to small and medium enterprises (SMEs) although the sector is the backbone of the country's economy, the experts said Sunday. "Commercial banks pro...

BB caps difference between dollar buying and selling rates at Tk 1

BB caps difference between dollar buying and selling rates at Tk 1

-- 2022-08-14 19:01:38

The gap between the buying and selling rates of the dollar against the Bangladesh currency will be a maximum of Tk 1.0, according to the central bank. Bangladesh Bank took the decision in a meeting w...

Bangladesh economy no longer dependent on foreign aid: Shirin

Bangladesh economy no longer dependent on foreign aid: Shirin

-- 2022-08-14 13:00:18

Speaker Dr Shirin Sharmin Chaudhury today (August 14, 2022) said Bangladesh economy is no longer dependent on foreign aid as she held a meeting with UNDP Assistant Secretary General Kanni Wignaraja at...

Losing to Zimbabwe is a reality check, but who cares?

Losing to Zimbabwe is a reality check, but who cares?

Neel Rahman 2022-08-14 12:47:30

Bangladesh were not supposed to lose even a single One-Day International to Zimbabwe in their tour. They didn't even have any nightmares about it. But they did. They didn’t just lose one, they...

BD an important country for dev financing: AFD

BD an important country for dev financing: AFD

FE Report 2022-08-14 08:48:08

The Agence Francaise de Developpement (AFD), the French government's funding agency, considers Bangladesh as an important country in South Asia for development funding since 22 projects with portfolio...

BB mulling fresh rules to manage forex volatility

BB mulling fresh rules to manage forex volatility

Siddique Islam 2022-08-14 08:34:23

The central bank is trying to set fresh rules on managing the volatility in foreign-exchange (forex) market and curb the falling trend of forex reserves. As part of the latest move, the Bangladesh Ba...

Many projects shelved or part-funded

Many projects shelved or part-funded

FHM HUMAYAN KABIR 2022-08-14 08:31:19

More than half of the ongoing development projects face implementation setback as the government has restricted funding to mitigate macroeconomic worries, insiders say, as a global financial crunch...

Credit card spending soars with increasing living costs

Credit card spending soars with increasing living costs

-- 2022-08-13 17:46:09

Credit card debt has surged as consumers struggle to keep up with the high cost of living amid rising inflation. As the prices of all kinds of products including essentials are on the rise in the mar...

BFIU sought illegal money information from Swiss banks repeatedly: BB

BFIU sought illegal money information from Swiss banks repeatedly: BB

-- 2022-08-13 16:49:02

Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from different countries including Switzerland about money laundered by Bangladeshis, said Bangladesh Bank (BB). In respons...

CSE awards 20 stock brokers

CSE awards 20 stock brokers

FE REPORT 2022-08-13 09:47:16

Chittagong Stock Exchange (CSE) has awarded 20 best performing stock brokers and dealers based on their turnovers in fiscal year 2021-22. The winners were selected in two categories -- dealer categor...

Weekly market review: Stocks retreat as investors weigh fuel oil price surge

Weekly market review: Stocks retreat as investors weigh fuel oil price surge

FE REPORT 2022-08-13 09:44:21

Stocks retreated this week to Thursday from the previous week's big gain as investors went defensive following the fuel oil price surge amid growing economic pressures. This week saw four trading day...

They suffer to make hilsa available on your plates

They suffer to make hilsa available on your plates

YASIR WARDAD 2022-08-13 08:45:08

The real income of the coastal fishermen have gradually been declining, forcing them to live in hunger and debt only to make Hilsa available on the plate of the Bangladeshi households. The marginal c...

'Fiscal situation worsens amid poor revenue, high public borrowings'

'Fiscal situation worsens amid poor revenue, high public borrowings'

FE REPORT 2022-08-12 11:16:39

Economist Dr Debapriya Bhattacharya on Thursday said the country's fiscal situation worsened especially over the past two months due to poor revenue growth and high public borrowings. Terming the fis...

'Floor price' to remain in place until further order: BSEC

'Floor price' to remain in place until further order: BSEC

FE REPORT 2022-08-12 09:29:27

The securities regulator says the 'floor price' imposed recently will remain effective until further order. The Bangladesh Securities and Exchange Commission (BSEC) made the announcement on its offic...

Default debts in Bangladesh’s banks balloon to Tk 1.25t

Default debts in Bangladesh’s banks balloon to Tk 1.25t

-- 2022-08-11 22:01:53

Amid criticism of the Bangladesh Bank for relaxing rules for repayment and rescheduling, the authorities have reported a Tk 118.16 billion rise in the size of defaulted loans in the last quarter of 20...

Comment on China loan: Finance minister sends rejoinder to FT

Comment on China loan: Finance minister sends rejoinder to FT

FE Online Report 2022-08-11 19:15:17

Finance Minister AHM Mustafa Kamal sent a rejoinder to the London-based daily the Financial Times on Thursday in connection with an interview published by the newspaper recently, ministry officials sa...

Why Afif should bat up the order

Why Afif should bat up the order

Neel Rahman 2022-08-11 15:44:28

Afif Hossain, since his debut in One-Day Internationals, has been depicted by the Bangladesh team management as a solution for number seven and thus has been denied to bat higher up the order. That i...

Walton EPS declines 26pc

Walton EPS declines 26pc

FE REPORT 2022-08-11 10:10:25

Walton Hi-Tech Industries PLC, a listed company, saw a 26 per cent decline in EPS (earnings per share) for the year ended on June 30, 2022, compared to the previous year. The company has also reporte...

Finance minister says govt evaluating impact of fuel price hike

Finance minister says govt evaluating impact of fuel price hike

-- 2022-08-10 21:46:23

The government is evaluating the impact of the fuel price hike on the livelihoods of common people, according to Finance Minister AHM Mustafa Kamal.  “Necessary steps will be taken in cons...

Dollar price in kerb market jumps to Tk 120

Dollar price in kerb market jumps to Tk 120

-- 2022-08-10 19:52:06

The price of US dollars jumped to Tk 120 in the open market, commonly known as kerb market, on Wednesday amid persistent short supply of the greenback against the growing demand from importers and tho...

RMG export growth could drop to 15pc this year

RMG export growth could drop to 15pc this year

-- 2022-08-10 19:16:54

Growth in Bangladesh's ready-made garment (RMG) exports could drop to about 15 per cent this year after an unusually strong expansion of more than 30 per cent in 2021, two industry leaders told Reuter...

Bangladesh hasn’t asked for specific info on Swiss bank accounts, says ambassador

Bangladesh hasn’t asked for specific info on Swiss bank accounts, says ambassador

FE ONLINE DESK 2022-08-10 15:17:35

The Bangladesh government has not asked for any specific information on the Swiss bank accounts of its citizens, according to Switzerland Ambassador to Bangladesh Nathalie Chuard.  “We hav...

Bangladesh Bank eases rules for inward remittances amid forex crunch

Bangladesh Bank eases rules for inward remittances amid forex crunch

-- 2022-08-10 13:58:56

The central bank has relaxed the banking rules governing remittance inflows amid an ongoing foreign currency crunch. Banks can now establish drawing arrangements, an official channel to receive...

Kamal warns on loans from China

Kamal warns on loans from China

FE Online Report 2022-08-09 22:13:32

AHM Mustafa Kamal, finance minister of Bangladesh, talks to the Financial Times (FT) South Asia correspondent Benjamin Parkin on Bangladesh's economic situation and Chinese debt. The full report is re...

Bangladesh's export to grow with 98pc duty-free market access: China

Bangladesh's export to grow with 98pc duty-free market access: China

-- 2022-08-09 21:31:43

The duty-free treatment of 98 per cent tariff lines goods will help Bangladesh to further increase its export to China, says the Chinese Embassy in Dhaka on Tuesday. State Councilor and Foreign Minis...

Stock brokers to help enhance liquidity support for market

Stock brokers to help enhance liquidity support for market

FE REPORT 2022-08-09 09:06:04

Stock brokers have agreed to work towards increasing liquidity support for the stock market to ensure its stability and development. They came up with this assurance at a meeting with the officials o...

BD's duty-free facility for Bhutan comes into effect

BD's duty-free facility for Bhutan comes into effect

DOULOT AKTER MALA 2022-08-09 08:29:14

Bangladesh has finally made the duty-free market-access facility under preferential trade agreement (PTA) effective for Bhutan through a much-awaited official gazette. The customs authority has offer...

IMF team due early Sept for negotiating major loan

IMF team due early Sept for negotiating major loan

FE REPORT 2022-08-09 08:01:15

An International Monetary Fund (IMF) delegation will visit Dhaka early next month to negotiate a major loan Bangladesh seeks specifically for funding budget deficit, officials say. Sources say the fo...

Inter-bank dollar exchange rate rises to Tk 95

Inter-bank dollar exchange rate rises to Tk 95

FE ONLINE DESK 2022-08-08 21:13:25

Bangladesh Bank has increased the inter-bank rate of a US dollar by 30 paisa in its latest move. According to media reports, the price of a US dollar now stands at Tk 95. On Monday, the central bank...