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The Financial Express

Search results for: BAN

ECNEC approves second revision of MRT-6 project

ECNEC approves second revision of MRT-6 project

-- 2022-07-19 17:55:35

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the second revision of the much-hyped Dhaka Mass Rapid Transit Development (Line-6) project with an additional cost...

Stocks keep bleeding as economic worry grows

Stocks keep bleeding as economic worry grows

FE ONLINE REPORT 2022-07-19 16:48:25

Stocks witnessed yet another major fall on Tuesday as the jittery investors continued to dump their holdings amid deepening economic uncertainty. The market saw a free-fall from the beginning of the...

DSEX sinks below 6200-mark at opening

DSEX sinks below 6200-mark at opening

FE ONLINE REPORT 2022-07-19 11:36:00

Stocks witnessed a steep fall in the early trading on Tuesday, maintaining the previous day’s trend, as the jittery investors were dumping their holdings amid growing economic tension. Followin...

DSE conducts third mock-test of T-bond

DSE conducts third mock-test of T-bond

FE REPORT 2022-07-19 10:11:46

The country's premier bourse conducted the mock test on treasury bonds for the third time on Monday as the final trading of much-hyped instruments will begin soon. Mock trading is conducted to assess...

Loan rescheduling time redoubled, costs slashed

Loan rescheduling time redoubled, costs slashed

Siddique Islam 2022-07-19 08:42:19

It comes as a bounteous bail-in for big borrowers as the central bank liberally relaxes loan- rescheduling liabilities trying to facilitate overall business activities in Bangladesh amid global crunch...

Emphasis on inclusive insurance, risk finance for all

Emphasis on inclusive insurance, risk finance for all

-- 2022-07-18 21:32:56

Speakers at a workshop on Monday called upon the government, development partners and private sector for enabling an environment for inclusive insurance and risk financing for the country's sustainabl...

Bangladesh, Indonesia for early conclusion of PTA for strengthening economic cooperation

Bangladesh, Indonesia for early conclusion of PTA for strengthening economic cooperation

-- 2022-07-18 17:37:38

Bangladesh and Indonesia have stressed concluding the bilateral preferential trade agreement (PTA) to further strengthen the economic cooperation between the two countries. Bangladesh and Indonesia h...

IMF airs concern over rising bad loans in banks

IMF airs concern over rising bad loans in banks

-- 2022-07-18 17:22:55

A visiting delegation of the International Monetary Fund (IMF) has expressed concern over the weakness of Bangladesh's banking system and the high rate of non-performing loans (NPL), according to a se...

Stocks plummet on panic sales

Stocks plummet on panic sales

FE ONLINE REPORT 2022-07-18 15:32:41

Stocks witnessed yet another setback Monday, with the key index of the bourse dipping below 6,300-mark after two months, as jittery investors dumped their holdings. The market saw a steep fall from t...

Bourses witness sharp fall at opening

Bourses witness sharp fall at opening

FE ONLINE REPORT 2022-07-18 11:46:28

Stocks witnessed a sharp fall in the early trading on Monday as the risk-averse investors dumped their holdings amid growing macroeconomic tension. Following the previous four days’ fall, DSEX,...

Mutual funds fail to meet investors' expectations: BSEC commissioner

Mutual funds fail to meet investors' expectations: BSEC commissioner

FE REPORT 2022-07-18 10:23:48

A commissioner of Bangladesh Securities and Exchange Commission Sunday said mutual funds play an important role in the stock market. But in the last 10 years, mutual funds have failed to meet the inve...

BB lifts interest rate ceiling on NFCDs

BB lifts interest rate ceiling on NFCDs

FE REPORT 2022-07-18 08:51:42

The Bangladesh Bank (BB) on Sunday withdrew the interest rate ceiling on non-resident foreign currency deposits (NFCDs) to raise the inflow of foreign currency into the country and ease the ongoing pr...

IMF team meets MoC secy

IMF team meets MoC secy

FE REPORT 2022-07-18 08:45:25

A delegation of the International Monetary Fund (IMF) met Senior Secretary of Ministry of Commerce (MoC) Tapan Kanti Ghosh at his secretariat office in the capital on Sunday. The delegation met him t...

Bank borrowing triples in FY ’22

Bank borrowing triples in FY ’22

SIDDIQUE ISLAM 2022-07-18 08:38:32

Government bank borrowings nearly tripled in the past fiscal, partly being pushed by need for financing budget deficit, officials say, raising its debt liability. Its aggregate net bank borrowings ro...

Non-resident Bangladeshis can now open foreign currency deposit accounts

Non-resident Bangladeshis can now open foreign currency deposit accounts

-- 2022-07-17 18:58:43

Bangladesh Bank has allowed authorised dealers (ADs) to open interest-bearing non-resident foreign currency deposit (NFCD) accounts in order to increase foreign currency flow. The non-resident Bangla...

Stocks keep losing amid confidence crisis

Stocks keep losing amid confidence crisis

FE ONLINE REPORT 2022-07-17 15:56:58

Stocks witnessed yet another bearish session on Sunday, extending the losing streak for the fourth straight session, as most investors followed a cautious stance amid growing macroeconomic worries. T...

Subscription of 'Sandhani AML SLIC Fixed Income Fund' begins today

Subscription of 'Sandhani AML SLIC Fixed Income Fund' begins today

FE ONLINE REPORT 2022-07-17 13:10:05

Subscription of 'Sandhani AML SLIC Fixed Income Fund' --- an open-end mutual fund --- will commence today (Sunday). The initial size of the fund is Tk 500 million. Of them, the sponsor of the fund --...

DSE witnesses marginal gain

DSE witnesses marginal gain

FE ONLINE REPORT 2022-07-17 11:54:53

Stocks witnessed a marginal gain in early trading on Sunday as some investors showed buying interest on lucrative issues. Following the previous three days’ modest fall, DSEX, the prime index o...

Tigers heading for another T20 World Cup disaster

Tigers heading for another T20 World Cup disaster

Neel Rahman 2022-07-16 18:07:01

Bangladesh have lost yet another T20 International series, and it seems like they just can’t get out of the cycle of disasters in this format at the moment. The two defeats in the Caribbeans to...

World Bank approves $500m to help Bangladesh improve disaster preparedness

World Bank approves $500m to help Bangladesh improve disaster preparedness

FE ONLINE REPORT 2022-07-16 13:32:36

The World Bank on Saturday approved a $500 million credit to help Bangladesh improve disaster preparedness against inland flooding in 14 flood-prone districts, benefiting over 1.25 million people.The...

Ten cos grab one third of weekly DSE turnover

Ten cos grab one third of weekly DSE turnover

FE REPORT 2022-07-16 10:39:05

Ten most-traded stocks accounted for nearly one-third of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Bangladesh Export Import Company (Beximco) leading the turnover list....

Weekly market review: Investors still in selling mode

Weekly market review: Investors still in selling mode

BABUL BARMAN 2022-07-16 10:25:52

Stocks witnessed yet another bearish week to Thursday, the shortened week after Eid vacation, as jittery investors remained in selling mode amid growing macroeconomic worries. This week saw three tra...

Trading in treasury bonds on bourses soon

Trading in treasury bonds on bourses soon

JASIM UDDIN HAROON 2022-07-16 08:34:53

Much-hyped trading in treasury bonds on the market may begin soon as the stakeholders completed most of the procedures, including mock trading, stoking hopes about a rebound of the bourses. The bonds...

Incentive waiver thru LDC graduation: Finance frames export strategy

Incentive waiver thru LDC graduation: Finance frames export strategy

REZAUL KARIM 2022-07-16 08:29:39

Lifting conditions regarding local value addition and gradual cut in HS Headings on apparel items are among measures envisaged as export booster after Bangladesh's LDC graduation that will banish cash...

Bangladesh loses $5-10b in leather export for environmental issues: Experts

Bangladesh loses $5-10b in leather export for environmental issues: Experts

-- 2022-07-15 17:37:23

Environmental issues are holding back the export of Bangladesh’s leather to Europe and the US and a potential earning of up to $10 billion a year, according to traders and exporters.  Indu...

Achia Sea Foods makes debut Monday

Achia Sea Foods makes debut Monday

FE REPORT 2022-07-15 09:49:43

Trading of the shares of Achia Sea Foods will commence on Monday (July 18) on the SME Platforms of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). Achia Sea Foods will be the 14th l...

BB set to enhance forex flow by $1.0b

BB set to enhance forex flow by $1.0b

SIDDIQUE ISLAM 2022-07-15 08:56:50

The central bank is set to enhance the foreign-exchange flow by nearly $1.0 billion as part of regulatory measures to manage the ongoing volatility in the market, officials say. Around $365 million w...

Bangladesh Bank announces new measures to ease strain on forex reserves

Bangladesh Bank announces new measures to ease strain on forex reserves

-- 2022-07-14 22:26:59

Bangladesh Bank has made several policy changes in a bid to ease the pressure on the country's foreign exchange reserves amid a global economic crisis.As part of the import monitoring framework, banks...

DSE turnover drops below Tk 6.0 billion-mark

DSE turnover drops below Tk 6.0 billion-mark

FE ONLINE REPORT 2022-07-14 16:18:33

Turnover on Dhaka Stock Exchange (DSE) dipped below Tk 6.0 billion-mark Thursday, as investors were mostly reluctant to put fresh funds in stocks amid growing microeconomic worries. Turnover, the cru...

Philippines court dismisses RCBC defamation case against Bangladesh Bank

Philippines court dismisses RCBC defamation case against Bangladesh Bank

-- 2022-07-14 15:22:07

A Philippines court has dismissed a defamation case filed by Rizal Commercial Banking Corp (RCBC) against Bangladesh Bank for linking it to the biggest cyber heist in the world. The Philippines court...