The Financial Express

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A well-structured commodity exchange in five years

MOHAMMAD MUFAZZAL 2022-05-08 10:07:34

Chittagong Stock Exchange (CSE) has started its job to establish a well-structured commodity marketplace within five years to ensure fair prices of goods for consumers, producers and peasants. Chairm...

Imports jump 50pc in nine months of FY '22

SIDDIQUE ISLAM 2022-05-08 08:29:31

Bangladesh's overall imports jumped by nearly 50 per cent in the first nine months of this fiscal year (FY '22) following higher imports of fuel oils and industrial raw materials, officials said. The...

Income Tax Wing has four months to meet remaining 50pc target

-- 2022-05-07 18:10:36

The National Board of Revenue (NBR) has taken a tougher move to increase its collection from the Income Tax Wing by expanding its net and realising outstanding taxes, as in the first eight months of t...

Meghna Ins IPO subscription opens on May 11

FE REPORT 2022-05-07 09:51:54

The initial public offering (IPO) of Meghna Insurance Company will open for subscription on May 11, aiming to raise Tk 160 million from the capital market. Investors can make the IPO subscription t...

Most listed banks post higher EPS growth in 2021

BABUL BARMAN 2022-05-07 09:49:12

Most of the listed banks posted higher profits in 2021, compared to the previous year, largely due to higher operating income. According to market insiders, the central bank's latest relaxation on pr...

ADB to provide $500m more as budget support

FHM HUMAYAN KABIR 2022-05-07 09:10:38

Bangladesh is likely to get another $500 million worth of budget support from the Asian Development Bank (ADB) within this calendar year as the government has recently completed negotiations in this...

Provati Insurance to buy majority stakes of two companies

FE REPORT 2022-05-06 12:18:34

The board of directors of Provati Insurance Company, a listed general insurer, has decided to purchase majority stakes of two non-listed companies worth Tk 355 million. The insurance company has de...

Beximco Synthetics extends offer period for executing exit plan till May 30

FE REPORT 2022-05-06 11:53:53

Beximco Synthetics has extended the offer period for executing its exit plan till May 30 from April 28, 2022, a disclosure said. The shareholders who have not yet submitted their offer-Acceptance For...

Pharma cos perform mixed in Q3

FE REPORT 2022-05-06 10:12:51

Listed drug makers have performed mixed in reporting the growth of earnings per share (EPS) for January-March (Q3), 2022 compared to the same period of the previous year. Of 15 listed pharmaceutical...

Eid raises April remittance inflow to $2.01b

FE REPORT 2022-05-06 08:43:49

The flow of inward remittances increased further in April 2022 due to celebration of the Eid-ul-Fitr, the largest religious festival of the Muslims, officials said. The money, sent home by Banglade...

Remittance inflow in April reaches $2.09b

-- 2022-05-05 21:43:13

Bangladesh received $2.09 billion in remittances in April, the highest amount in a single month of the current fiscal year. Bangladesh Bank (BB) published the updated information on Thursday (May 05)...

NBR to speed up VAT collection to meet target

-- 2022-05-05 17:41:38

The National Board of Revenue (NBR) has asked its field offices to expedite the Value Added Tax (VAT) collection as the collection from the pocket is only 56.15 per cent in the first eight months of t...

Dhaka stocks remain dull after Eid holidays

FE ONLINE REPORT 2022-05-05 16:41:34

Dhaka stocks ended marginally lower on Thursday with sluggish turnover, the first day after Eid holidays, as the cautious investors continued their sell-off amid lower than expected earnings of some c...

Stocks open lower after Eid holidays

FE ONLINE REPORT 2022-05-05 11:43:37

The market opened lower on Thursday, after the Eid holidays, as the risk-averse investors continued their sell-off amid lower than expected earnings of many companies. The participation of investors...

DSE, CSE trading from Thursday

FE ONLINE REPORT 2022-05-04 13:28:22

Trading and official activities on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will resume tomorrow (Thursday) after the Eid holidays. Bourses remained closed for six days from...

Sovereign debt set to soar to Tk 16.30 trillion in FY 2022-23

-- 2022-05-01 19:16:22

The government's debt, that is the country's sovereign debt, is projected to reach Tk 16,306.5 billion in the next 2022-23 fiscal, before growing to Tk 18,732.30 billion in 2023-24. According t...

CMSF settles 93pc of total claims

FE REPORT 2022-05-01 09:22:17

Capital Market Stabilisation Fund (CMSF) has settled 93 per cent of total claims so far lodged with the fund authority to receive undistributed dividends. The CMSF, earlier formed to settle investors...

Remittance inflow rises ahead of Eid, expected to exceed $2,0b

-- 2022-04-30 20:21:01

Remittance inflow has increased ahead of Eid-ul-Fitr as Bangladesh received $1.82 billion as remittance on April 01- 27. Bangladesh Bank (BB) is expecting that the figure will exceed $2.0 billion as...

Ten cos account for 32pc of weekly transactions

FE REPORT 2022-04-30 08:43:05

Ten most-traded stocks accounted for nearly 32 per cent of weekly transactions on the Dhaka bourse in the outgoing week, with Bangladesh Export Import Company (Beximco) making its way to the top of th...

Foreign ministry fears further devaluation of taka

-- 2022-04-29 16:14:53

The foreign ministry has warned that the exchange rate of Bangladesh, taka, may plunge further amid its devaluation against the US dollar with no sign of a quick end to the Ukraine-Russia war. The US...

Union Capital's liabilities exceed assets

FE REPORT 2022-04-29 09:00:07

Union Capital, a listed non-bank financial institution, incurred a net loss over Tk 1.43 billion during the year ended on December 31, 2021 while the company's retained loss stood at nearly Tk 2.90 bi...

WB-IMF meeting praises Dhaka's success in economic recovery

-- 2022-04-29 08:45:11

The Spring Meeting of the World Bank (WB)-International Monetary Fund (IMF), 2022 praised Bangladesh for successful implementation of its policy to face Covid-19 pandemic and economic recovery from it...

Stocks slip into red ahead of Eid holidays

FE ONLINE REPORT 2022-04-28 17:36:50

Stocks slipped into the red on Thursday, the last trading day before Eid holidays, as cautious investors opted for booking profit amid ongoing corporate declarations. Trading and official activities...

What to expect from Nayeem Hasan

Shajedul Rahin 2022-04-28 15:41:59

As Mehidy Hasan Miraz has been ruled out of the first Test against Sri Lanka having injured his finger during a Dhaka Premier League match, the young off-spinner, Nayeem Hasan has been named as his re...

Stocks slump at opening

FE ONLINE REPORT 2022-04-28 12:14:56

The market opened lower on Thursday as the risk-averse investors sold shares ahead of Eid holidays at lower than expected earnings of many companies. This is the last trading day before Eid vacation...

Suspension on 15 traders withdrawn

FE REPORT 2022-04-28 09:59:22

The securities regulator has withdrawn suspension on 15 traders of nine brokerage firms of Dhaka Stock Exchange (DSE) taking into account the plea of the firms and their associations. The Bangladesh...

Kamal upbeat about 7.2pc growth this FY

FE REPORT 2022-04-28 08:36:06

Finance Minister A H M Mustafa Kamal on Wednesday expressed optimism about achieving the government's 7.2-per cent economic-growth target in the current fiscal year (FY), 2021-22, although the economy...

Bangladesh Bank increases working capital credit limit

-- 2022-04-27 21:41:35

Bangladesh Bank (BB) on Wednesday increased the working capital credit limit for maintaining the productivity and momentum of the country's overall economic activities, including imports and exports....

Stocks end nearly flat after a bumpy ride

FE ONLINE REPORT 2022-04-27 16:11:40

The market ended nearly flat on Wednesday with rising turnover as investors were active on both sides of the trading fence amid ongoing corporate declarations. The market moved between positive and n...

Stocks open marginally higher as investors cautious about putting fresh funds

FE ONLINE REPORT 2022-04-27 11:38:08

The market opened marginally higher on Wednesday as investors remained cautious to put fresh funds in stocks ahead of Eid festival. The market remained slow as only one trading day (Thursday) is left...