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The Financial Express

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Tk 2.07t revised development budget set to be approved

Tk 2.07t revised development budget set to be approved

FHM HUMAYAN KABIR 2022-03-01 08:49:29

The government is likely to approve a Tk 2.07-trillion revised annual development programme (RADP) for the current fiscal year (FY) tomorrow (Wednesday), trimming down 7.89 per cent fund from the orig...

Private credits grow as trade demand rises, BB stats suggest

Private credits grow as trade demand rises, BB stats suggest

SIDDIQUE ISLAM 2022-03-01 08:33:28

Credit flow into Bangladesh's private sector increases further as demand for loans, particularly for trade financing, grows for settling import payments. The reopening of the country's overall busine...

Industrial belt emerging in the Bay centering Matarbari

Industrial belt emerging in the Bay centering Matarbari

FE ONLINE REPORT 2022-02-28 20:06:53

Japan has been developing Bangladesh's first deep-sea port in Matarbari, south of Chittagong which constitutes the "Bay of Bengal Industrial Growth Belt”, said ITO Naoki, Ambassador of Japan to...

Renata to take over two subsidiaries

Renata to take over two subsidiaries

FE REPORT 2022-02-28 10:17:26

Renata, a listed company, will take over two subsidiary companies with their all assets and liabilities, said a disclosure. The company's board of directors has taken the decision and approved draft...

Megaprojects to see big cuts in allocations for failure to utilise money

Megaprojects to see big cuts in allocations for failure to utilise money

FHM HUMAYAN KABIR 2022-02-28 08:57:50

Most of the fast-track projects have proposed the authorities concerned to cut their respective allocations substantially in the development budget for the current fiscal year (FY) due to lagging behi...

Dhaka stocks post biggest fall in almost one year

Dhaka stocks post biggest fall in almost one year

FE REPORT 2022-02-28 08:37:07

Bangladesh's premier bourse Sunday nosedived with stocks extending a sharp losing streak for a second consecutive session amid worldwide uncertainties triggered by the Russia-Ukraine war. On the day,...

Industries ministry implements record 63pc of ADP in first seven months of FY23

Industries ministry implements record 63pc of ADP in first seven months of FY23

-- 2022-02-27 18:32:53

With 63 per cent of execution record, the Ministry of Industries has surpassed the national rate in implementing the Annual Development Programme (ADP). From July to January of the fiscal year 2022-2...

NBR moves to boost tax revenue

NBR moves to boost tax revenue

-- 2022-02-27 18:14:13

The National Board of Revenue (NBR) has intensified its tax survey, inspection, monitoring, and realisation to boost the Tax GDP ratio, currently the lowest in the South Asian region. The poor situat...

'Allocation of Chittagong port development fund should come from CPA's income'

'Allocation of Chittagong port development fund should come from CPA's income'

OUR CORRESPONDENT 2022-02-27 09:33:13

CHATTOGRAM: The Chittagong Port Development and Research Council (CPDRC) has suggested that the port's development funds should come from its own income. Addressing a meeting of the CPDRC on Saturday...

IPO subscription of JMI Hospital begins today

IPO subscription of JMI Hospital begins today

FE REPORT 2022-02-27 09:30:39

The IPO (initial public offering) subscription of JMI Hospital Requisite Manufacturing will open today (Sunday) as per the regulatory consent for raising Tk 750 million from the capital market. The I...

Most MNCs see marginal price correction at DSE

Most MNCs see marginal price correction at DSE

FE REPORT 2022-02-27 09:28:47

Majority number of listed multinational companies (MNCs) saw marginal price correction in last week amid a large fall observed in broad index of Dhaka Stock Exchange (DSE). Of 12 MNCs, the share pric...

Jittery investors drive DSEX down

Jittery investors drive DSEX down

FE REPORT 2022-02-26 09:23:22

Dhaka stocks extended the losing streak for a second week, with the benchmark index witnessing a free fall on the last trading day of the outgoing week as the Russian invasion of Ukraine prompted nerv...

Foreign investors want fixed wastage rate

Foreign investors want fixed wastage rate

FE REPORT 2022-02-26 09:13:42

Foreign investors demand that the government fix the wastage rate for home-textile and Teri-towel products to remove some hurdles and boost exports, officials say. In a letter the Foreign Investors C...

Small-cap companies dominate weekly gainers' chart

Small-cap companies dominate weekly gainers' chart

FE REPORT 2022-02-26 08:46:00

Small-cap companies dominated the weekly gainers' chart of the Dhaka bourse following investors' increased participation in those shares in the outgoing week. The share prices of top 10 gainers of th...

Annual development programme execution far below pre-pandemic level

Annual development programme execution far below pre-pandemic level

FHM HUMAYAN KABIR 2022-02-26 08:37:58

Project-implementation rate this fiscal looks a bit better than the covid-ridden last financial year's but the public agencies lag far behind the pre-pandemic marks, insiders say, largely as one vit...

Bangladesh to receive $300m WB financing designed to help 40m urban residents overcome Covid-19, future shocks

Bangladesh to receive $300m WB financing designed to help 40m urban residents overcome Covid-19, future shocks

FE ONLINE REPORT 2022-02-25 13:34:00

The World Bank on Friday approved $300 million to help Bangladesh strengthen its urban local government institutions to respond to the Covid-19 pandemic and improve preparedness to future shocks benef...

Two brokers receive FIX certification

Two brokers receive FIX certification

FE REPORT 2022-02-25 11:22:23

Two stock brokers--Shakil Rizvi Stock and United Financial Trading Company-- have received FIX (financial information exchange) certification for installing their own order management system (OMS)....

Settlement of negative equities weighs on stocks on DSE

Settlement of negative equities weighs on stocks on DSE

FE REPORT 2022-02-25 11:20:11

Shares of Dhaka Stock Exchange (DSE) on Thursday nosedived as majority number of listed securities lost prices. The president of Bangladesh Merchant Bankers Association (BMBA) Md. Sayadur Rahman sa...

20-day Bangladesh-Japan B2B meet begins virtually

20-day Bangladesh-Japan B2B meet begins virtually

FE REPORT 2022-02-25 10:07:52

Private-sector companies of Bangladesh and Japan started interacting in a three-week business meet for creating scopes of matchmaking between parties of the two countries. The 20-day business to bu...

Tipu Munshi stresses signing FTA with Malaysia

Tipu Munshi stresses signing FTA with Malaysia

-- 2022-02-24 20:04:23

Commerce Minister Tipu Munshi has stressed the need for signing a Free Trade Agreement (FTA) with Malaysia in order to boost the trade, commerce, and investment of the two countries. "Bangladesh has...

Accurate data essential for budget implementation, says CPD

Accurate data essential for budget implementation, says CPD

-- 2022-02-24 19:08:08

Speakers at a dialogue on Thursday said that the timely disclosure of accurate fiscal data is essential for improving the implementation of the national budget and attainment of the national developme...

DSE cracks down whip on Modern Securities

DSE cracks down whip on Modern Securities

-- 2022-02-24 17:29:31

The Dhaka Stock Exchange (DSE) has cracked the whip on Modern Securities Limited, having found a deficit of Tk 70 million in the consolidated customers’ account of the brokerage firm. The DSE h...

Dhaka stocks plunge as Russia-Ukraine crisis worsens

Dhaka stocks plunge as Russia-Ukraine crisis worsens

-- 2022-02-24 15:03:29

As global stocks tumbled amid reports of a Russian military offensive in Ukraine, its psychological effects have also rippled into the capital market in Bangladesh, bdnews24.com reports. The Dhaka St...

Mehzabin’s first OTT film 'Redrum' is a perfect crime thriller

Mehzabin’s first OTT film 'Redrum' is a perfect crime thriller

Shadique Mahbub Islam 2022-02-24 14:20:24

The corpse of a popular singer, his pregnant wife, a semi-dysfunctional family, a suave but conflicted detective, and a perfect crime - a perfect recipe for a detective thriller. Bangladeshi audience...

Textile issues grab 16.30pc of market turnover on DSE

Textile issues grab 16.30pc of market turnover on DSE

FE REPORT 2022-02-24 11:39:01

Broad index of Dhaka Stock Exchange (DSE) on Wednesday rose marginally and broke the losing streak of previous three sessions riding on some large cap companies. On the day, the market saw another...

Bangladesh government advised to cut taxes to tame soaring prices

Bangladesh government advised to cut taxes to tame soaring prices

FE REPORT 2022-02-24 08:04:14

Lower taxes on essential commodities for both import and domestic levels to contain the wayward inflation, economists suggest the government as prices spike. While presenting their budget proposals...

BIDA introduces eight more services to online OSS centre

BIDA introduces eight more services to online OSS centre

-- 2022-02-23 20:24:18

Bangladesh Investment Development Authority (BIDA) has included eight more services of four organisations with its online One Stop Service (OSS) centre to ensure ease and swift services for the invest...

Tipu for target of $5b ICT exports by 2025

Tipu for target of $5b ICT exports by 2025

-- 2022-02-23 17:50:22

Commerce Minister Tipu Munshi has underscored the need for attaining the target of 5.0 billion US dollar exports from the Information and Communication Technology (ICT) sector by 2025. "By 2025, ICT...

UCB to form subsidiary company in Singapore

UCB to form subsidiary company in Singapore

FE REPORT 2022-02-23 12:49:58

United Commercial Bank (UCB) has decided to form a subsidiary company in Singapore for 'remittance business' subject to the regulatory approval. The company's board of directors has taken the decisio...

Dominage Steel not allowed to issue stock dividend

Dominage Steel not allowed to issue stock dividend

FE REPORT 2022-02-23 12:48:47

The securities regulator has cancelled the proposal of issuing stock dividend by Dominage Steel Building Systems. The company sought regulatory consent on 5.0 per cent stock dividend earlier recommen...