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The Financial Express

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Take multidimensional measurement approach to assess real poverty line, say economists

Take multidimensional measurement approach to assess real poverty line, say economists

FE Report 2023-01-22 08:52:34

Speakers at a discussion on Saturday emphasised on taking a multidimensional poverty measurement approach instead of income-based poverty measures to assess the real poverty line of Bangladesh. Alt...

Finance minister urges World Bank to extend more support in mega projects

Finance minister urges World Bank to extend more support in mega projects

-- 2023-01-21 21:07:43

Finance Minister AHM Mustafa Kamal has urged the World Bank to extend more support in mega projects of Bangladesh and also to make capital Dhaka more liveable to make memorable the 50-year partnership...

Ten most-traded firms grab 35pc of turnover

Ten most-traded firms grab 35pc of turnover

FE REPORT 2023-01-21 10:04:42

Ten most-traded companies accounted for 35 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list. Buoyed by the IT firm's...

Weekly Market review: Stocks gain ground as investors return

Weekly Market review: Stocks gain ground as investors return

FE REPORT 2023-01-21 10:02:22

Stocks extended the winning streak for a second week straight to Thursday as the optimistic investors kept their buying binge on sector-specific issues in anticipation of quick gains. Of the five tra...

South Korea turning into a lucrative destination for B'desh migrants

South Korea turning into a lucrative destination for B'desh migrants

ARAFAT ARA 2023-01-21 08:59:51

South Korea has turned into a lucrative destination for Bangladeshi migrants in the post-pandemic period, as it hired a record number of workers from Bangladesh in the last calendar year. Bangladesh...

Bangladesh-World Bank devevelopment partnership celebration Sunday

Bangladesh-World Bank devevelopment partnership celebration Sunday

FHM HUMAYAN KABIR 2023-01-21 08:58:14

The government may request more assistance during World Bank Managing Director Axel van Trotsenburg's tour as he arrives today to join golden-jubilee celebration of development cooperation with Bang...

Interest payments squeeze space for growth support

Interest payments squeeze space for growth support

JASIM UDDIN HAROON 2023-01-21 08:53:41

The largest share of public finance usually goes for interest payments, as a single head, against government borrowings but the volume has been surging of late. Meanwhile, statistics show, government...

Commerce minister seeks duty-free cotton from USA

Commerce minister seeks duty-free cotton from USA

-- 2023-01-20 18:31:13

Commerce Minister Tipu Munshi has sought duty-free benefits from the United States of America (USA) for importing cotton. "Bangladesh is the second largest exporter of Ready-made Garments (RMG) in th...

RCBC appeals New York court loss to Bangladesh

RCBC appeals New York court loss to Bangladesh

-- 2023-01-20 18:26:12

A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank's motion to throw out the Bangladesh central bank's lawsuit ag...

DSE revises three lists of listed securities

DSE revises three lists of listed securities

FE REPORT 2023-01-20 10:21:56

The Dhaka Stock Exchange (DSE) has revised three lists of listed securities for three indices. All three rebalanced indices - the DSE broad index DSEX, DS30 index, and DSE SME Growth Index (DSMEX) -...

Reasons may vary but latest monetary policy is likely to boost capital market

Reasons may vary but latest monetary policy is likely to boost capital market

BABUL BARMAN 2023-01-20 10:18:27

The Bangladesh Bank's latest monetary policy removing the deposit floor rate is expected to improve the liquidity condition in the stock market, said EBL Securities. Savers will direct a part of thei...

Forex reserve falls to $32.48b after ACU payment

Forex reserve falls to $32.48b after ACU payment

FE REPORT 2023-01-20 08:59:35

Bangladesh's foreign exchange reserves stood at US$32.48 billion on Thursday, following a payment of over $1.1 billion to the Asian Clearing Union (ACU) last week. The reserve was $33.75 billion at...

Eliminate BB-FID diarchy for sound banking

Eliminate BB-FID diarchy for sound banking

JASIM UDDIN HAROON 2023-01-20 08:52:07

Elimination of the Bangladesh Bank-FID (Financial Institution Division) diarchy in the banking sector is among major reforms being suggested by experts for tidying the industry as a remake of the law...

Padma Bridge project: Cost set to rise 8.88pc, work to take one more year

Padma Bridge project: Cost set to rise 8.88pc, work to take one more year

MUNIMA SULTANA 2023-01-20 08:49:15

The government is set to revise the Padma Multipurpose Bridge (PMB) project with both cost escalation and time extension. Officials said the third revised development project proposal (DPP) would see...

Germany wants to develop Bangladesh’s solar irrigation system

Germany wants to develop Bangladesh’s solar irrigation system

-- 2023-01-19 18:19:49

German Parliamentary State Secretary for Economic Cooperation and Development Dr Barbel Kofler has expressed his country's interest to support Bangladesh in the development of a solar irrigation syste...

‘Bangladesh on right track to become trillion-dollar economy by 2035’

‘Bangladesh on right track to become trillion-dollar economy by 2035’

-- 2023-01-19 18:16:34

Foreign Minister AK Abdul Momen on Thursday laid emphasis on stronger partnership and collaborations, noting that Bangladesh is moving towards the right direction to become a trillion-dollar economy b...

AIIB urged to relax lending terms, rate

AIIB urged to relax lending terms, rate

FE REPORT 2023-01-19 15:10:05

Bangladesh has requested the Asian Infrastructure Investment Bank (AIIB) to relax its lending terms and conditions amid the global economic situation, officials said on Wednesday. Visiting AIIB Vice...

BSEC bans auditor of scam-hit MFs

BSEC bans auditor of scam-hit MFs

FE REPORT 2023-01-19 15:01:55

The securities regulator has banned Ahmed Zaker & Co. Chartered Accountants, an audit firm, for not attending the hearing scheduled as part of an enquiry into four scam-hit mutual funds. The Bang...

Prime Islami Life shows mismatch in financial statements

Prime Islami Life shows mismatch in financial statements

FE REPORT 2023-01-19 10:41:49

Stock price of Prime Islami Life Insurance rose 2.36 per cent to close at Tk 60.60 on Tuesday, even though its auditor reported a mismatch in its financial statements for the year ended in December 20...

Here is why some stocks swing while others don't

Here is why some stocks swing while others don't

MOHAMMAD MUFAZZAL 2023-01-19 10:25:28

The Dhaka Stock Exchange (DSE) enquired in 2021 and 2022 about the reasons behind the abnormal price hikes of Gemini Sea Food on the prime index. Not only did the stock demonstrate abnormal rises but...

Cashless BD campaign starts in Dhaka

Cashless BD campaign starts in Dhaka

FE REPORT 2023-01-19 09:18:37

The Bangladesh Bank (BB) launched 'Cashless Bangladesh, Smart Bangladesh' campaign from the capital's Motijheel area on Wednesday to bring small/micro merchants, like street vendors, under a low-cost...

AIIB keen to provide more support in Bangladesh's renewable energy

AIIB keen to provide more support in Bangladesh's renewable energy

-- 2023-01-18 21:44:17

State Minister for Planning Dr Shamsul Alam has said the Asian Infrastructure Investment Bank (AIIB) is eager to provide more support in helping strengthen the renewable energy sector and other green...

Bangladesh’s economy to reach $1 trillion by 2040

Bangladesh’s economy to reach $1 trillion by 2040

-- 2023-01-18 19:53:33

The size of Bangladesh’s economy will be $1.0 trillion by 2040, if the current consecutive growth of over 6.0 per cent continues while it will be achieved by 2030 if the growth goes over 8.0 per...

DSE daily turnover scales over Tk 9b-mark on buying spree

DSE daily turnover scales over Tk 9b-mark on buying spree

FE REPORT 2023-01-18 10:41:35

Stocks rallied on Tuesday with turnover scaling Tk 9 billion-mark as investors were in a buying spree with the hope that the macroeconomic pressure would ease in the coming days. Investors went for b...

Sea Pearl Beach Resort takes off on interest waiver, a matter still unsettled

Sea Pearl Beach Resort takes off on interest waiver, a matter still unsettled

BABUL BARMAN 2023-01-18 10:30:56

Sea Pearl Beach Resort and Spa has been flying high on the Dhaka Stock Exchange (DSE) as news has been circling around that it would get a big amount of interest waived by state-owned Investment Corpo...

Tk 56.51b project approved for elevated road over Kishoreganj haors

Tk 56.51b project approved for elevated road over Kishoreganj haors

-- 2023-01-17 17:48:18

The Executive Committee of the National Economic Council (ECNEC) has approved a Tk 56.51 billion project for the construction of an elevated road in the haor (wetland) region in Kishoreganj. The proj...

BB raises rates on LTFF loans

BB raises rates on LTFF loans

FE REPORT 2023-01-17 12:50:41

Bangladesh Bank has raised the interest rate regarding Long Term Financing Facility (LTFF) under Financial Sector Support Project (FSSP). Foreign Exchange Policy Department of the central bank issu...

MTB launches 'Ei Somoyer Islami Banking' campaign

MTB launches 'Ei Somoyer Islami Banking' campaign

FE REPORT 2023-01-17 10:52:39

Mutual Trust Bank (MTB) Limited on Monday formally launched a special campaign called 'Ei Somoyer Islami Banking', in order to promote its shariah-based banking operations 'MTB Yaqeen'. The top offic...

BSEC forms Shariah Advisory Council to attract investors

BSEC forms Shariah Advisory Council to attract investors

FE REPORT 2023-01-17 10:12:50

The securities regulator has formed a nine-member Shariah Advisory Council to facilitate the issuance of shariah-based securities and formation of Islamic Capital Market. Bangladesh Securities and Ex...

Monno Ceramic's corporate director sells 2m shares in a month to repay loans

Monno Ceramic's corporate director sells 2m shares in a month to repay loans

FE REPORT 2023-01-17 10:06:23

Monno Welfare Foundation, one of the corporate directors of Monno Ceramic Industries, is going to sell 200,000 more shares from its holding at the prevailing market price in the block market. The Fou...