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The Financial Express

Search results for: BAN

Business model keeps state-run sugar mills from making profit

Business model keeps state-run sugar mills from making profit

MOHAMMAD MUFAZZAL 2023-01-17 10:02:51

General shareholders of two state-run sugar mills have no possibility of getting any return in foreseeable future as the mills have been squeezed more and more every year under the weight of losses pi...

Nigeria keen to invest in BD economic zones

Nigeria keen to invest in BD economic zones

FE REPORT 2023-01-17 08:50:17

A high-level delegation from Nigeria has shown keen interest to invest in Bangladesh's economic zones (EZ) in a bid to expand bilateral trade relations between the two countries. In response, the Ban...

Banks bet for deposit boost to replenish liquidity

Banks bet for deposit boost to replenish liquidity

JUBAIR HASAN 2023-01-17 08:45:43

Commercial banks have started pursuing their fresh deposit-alluring strategy as the newly monetary policy is changing the equations in the country's banking system for uncapping interest. In the mone...

3.5m Bangladeshis to remain jobless in 2023: Report

3.5m Bangladeshis to remain jobless in 2023: Report

MONIRA MUNNI 2023-01-17 08:43:11

Around 3.5 million people in Bangladesh would remain unemployed in 2023, surpassing the pre-pandemic level by 0.4 million, necessitating prudent government policy interventions. The International Lab...

External factors cast shadow on economic recovery: BB   

External factors cast shadow on economic recovery: BB  

FE ONLINE REPORT   2023-01-16 18:41:09

Bangladesh Bank (BB) made a note of caution, stating that a number of external factors have clouded the strong recovery of the country’s economic activities in the current fiscal year (FY23). T...

IMF board likely to approve $4.5b loan for Bangladesh on Jan 30

IMF board likely to approve $4.5b loan for Bangladesh on Jan 30

FE ONLINE REPORT 2023-01-16 13:33:24

The executive board of International Monetary Fund (IMF) is expected to consider approving the $4.5 billion loan programme with Bangladesh on January 30. Visiting Deputy Managing Director (DMD) of IM...

Regulator suspends IPO subscription of Asiatic Laboratories

Regulator suspends IPO subscription of Asiatic Laboratories

FE REPORT 2023-01-16 11:15:44

The securities regulator has suspended IPO (initial public offering) subscription of Asiatic Laboratories over the allegations regarding 'over valuation' of assets and 'disputes' in ownership. Bangla...

Eastland Insurance holds annual business confce

Eastland Insurance holds annual business confce

FE DESK 2023-01-16 10:17:26

The Annual Business Conference-2023 of the Eastland Insurance Company Limited was held at DCCI Auditorium in Dhaka's Motijheel on Sunday. Eastland Insurance Chairman Mahbubur Rahman inaugurated the c...

Export boom helps Shinepukur Ceramics stay ahead of peers

Export boom helps Shinepukur Ceramics stay ahead of peers

BABUL BARMAN 2023-01-16 10:15:43

Shinepukur Ceramics has sustained its profit growth, focusing on exports at a time when the domestic demand slumped. Its export jumped 64 percent in the FY22, making the tableware maker the largest e...

Policy underway to dispose of govt assets after economic life

Policy underway to dispose of govt assets after economic life

MUNIMA SULTANA 2023-01-16 08:47:04

The government has taken a move to dispose of all kinds of its assets at the end of their economic lives, aiming to increase revenue and save money spent on maintaining such assets. A disposal policy...

Islamic banks to rebound in 4-5 months: Rouf

Islamic banks to rebound in 4-5 months: Rouf

FE REPORT 2023-01-16 08:26:29

Dismissing the concern about sustainability of the non-conventional banking system, Bangladesh Bank (BB) Governor Abdur Rouf Talukder on Sunday said the central bank's corrective measures would help t...

IMF lauds Bangladesh for proactive economic management

IMF lauds Bangladesh for proactive economic management

-- 2023-01-15 18:59:03

The International Monetary Fund (IMF) has lauded Bangladesh for its proactive economic management amid the coronavirus pandemic. Quoting the IMF Deputy Managing Director (DMD) Antoinette Monsio Sayeh...

‘Cautiously accommodative’ MPS unveiled for second half of FY23

‘Cautiously accommodative’ MPS unveiled for second half of FY23

-- 2023-01-15 17:58:44

Bangladesh Bank (BB) on Sunday announced a ‘cautiously accommodative’ Monetary Policy Statement (MPS) for the second half of the current fiscal year 2022-23 (H2FY23), according to BSS. &l...

Bangladesh Bank raises repo rate by 25 basis points to 6.0pc

Bangladesh Bank raises repo rate by 25 basis points to 6.0pc

-- 2023-01-15 16:41:02

Bangladesh Bank has raised its key interest rate, or repurchase agreement rate, by 25 basis points to 6 per cent as part of its efforts to contain inflationary pressure. The decision came on Sunday,...

Recent scams cast doubt on roles played by trustees

Recent scams cast doubt on roles played by trustees

Mohammad Mufazzal 2023-01-15 09:08:28

The trustee shall act on behalf of and in the "exclusive interest of investors" as obliged by the trust deed and law, reads an agreement signed by Sandhani Life Insurance and fund manager Universal...

BB unveils crucial MPS today: Main thrust to be on inflation control

BB unveils crucial MPS today: Main thrust to be on inflation control

FE REPORT 2023-01-15 08:52:20

Relaxing rate caps comes as a predominant suggestion as the central bank is set to launch today a new monetary-policy stance within a space squeezed by higher inflation, banks' liquidity crunch and...

IMF deputy managing director in Dhaka to finalise $4.5b loan

IMF deputy managing director in Dhaka to finalise $4.5b loan

-- 2023-01-14 20:17:45

The deputy managing director (DMD) of the International Monetary Fund (IMF), Antoinette Monsio Sayeh, arrived in the capital on Saturday for a five-day visit. The high IMF official will stay in the c...

Asiatic Laboratories IPO opens Monday

Asiatic Laboratories IPO opens Monday

FE REPORT 2023-01-14 10:20:16

The IPO subscription of Asiatic Laboratories -- the first initial public offering of 2023 -- will open on Monday (January 16), aiming to raise Tk 950 million from the capital market under the book-bui...

Weekly market review: Bargain hunting pushes stocks up

Weekly market review: Bargain hunting pushes stocks up

BABUL BARMAN 2023-01-14 10:18:26

Stocks bounced back in the outgoing week that ended on Thursday, with turnover gaining momentum as bargain hunters, buoyed by regulatory moves, chased sector-specific shares. As the two regulators co...

Govt searches foreign funds for financing budget deficit

Govt searches foreign funds for financing budget deficit

FHM HUMAYAN KABIR 2023-01-14 08:51:34

Government officials gear up for getting released foreign aid already committed by "development partners" for bankrolling different projects, but held back, as confirmation of budget supports is delay...

BB to announce new monetary policy Sunday   

BB to announce new monetary policy Sunday  

-- 2023-01-13 18:22:30

Bangladesh Bank (BB) is going to announce a new monetary policy on Sunday in line with the advice of the International Monetary Fund (IMF). Bangladesh requested the IMF for a loan of $4.5 billion las...

Billion-dollar club: A bigger size could help make market less volatile

Billion-dollar club: A bigger size could help make market less volatile

Mohammad Mufazzal 2023-01-13 08:17:38

In September 2021, Beximco's market capitalisation was around $1.39 billion. Its share traded at Tk 136.30 each and the exchange rate was Tk 83 per dollar. At the time, the company could showcase its...

Insurance sector: FBCCI focuses on regaining client trust

Insurance sector: FBCCI focuses on regaining client trust

FE REPORT 2023-01-13 08:16:10

The apex trade body on Thursday laid stress on the need for regaining customer confidence for the betterment of the insurance sector. The Federation of Bangladesh Chambers of Commerce and Industry (F...

Headwinds from multiple fronts may hit Bangladesh economy

Headwinds from multiple fronts may hit Bangladesh economy

FE REPORT 2023-01-13 08:09:25

Bangladesh's economy is under risk of facing multiple headwinds, mainly from three fronts like inflation, debt crisis and severe commodity-price shocks, says the World Economic Forum (WEF) in its glob...

Advance-deposit ratio of banks rises

Advance-deposit ratio of banks rises

JASIM UDDIN HAROON 2023-01-13 08:05:14

Banks' loan-to-deposit ratio rose in December as deposit growth continued to slow, giving economists to predict its impact on the liquidity position. The advance-to-deposit ratio (ADR) increased to 7...

Q1 performance of FY23 budget satisfactory, says Kamal

Q1 performance of FY23 budget satisfactory, says Kamal

-- 2023-01-12 19:22:43

The position of basic macroeconomic indexes including revenue collection, remittances, export growth, annual development programme (ADP) expenditure and money supply in the first quarter (July-Septemb...

RMG exports to EU post 16.61pc growth

RMG exports to EU post 16.61pc growth

-- 2023-01-12 17:06:06

Bangladesh's apparel exports to the European Union (EU) increased by 16.61 per cent to $11.50 billion during the first half (July-December) period of the current fiscal year (FY23) compared to $9.87 b...

ICCB for steps to tackle recessionary risks of Bangladesh

ICCB for steps to tackle recessionary risks of Bangladesh

-- 2023-01-12 16:21:04

Although Bangladesh may not go into recession, the country is significantly prone to many of the recessionary risks if appropriate steps are not taken to diversify the export product and basket and in...

DSE turnover exceeds Tk 5b after a month

DSE turnover exceeds Tk 5b after a month

FE REPORT 2023-01-12 13:44:45

Daily trade turnover on the Dhaka Stock Exchange (DSE) crossed Tk 5 billion-mark after a month on Wednesday as investors chased sector-specific issues in anticipation of quick gains. Turnover, a cruc...

2023 to be year of recovery for market, with external factors well managed

2023 to be year of recovery for market, with external factors well managed

BABUL BARMAN 2023-01-12 13:41:35

The wounds that the stock market suffered last year will heal to some extent this year triggering a process of recovery even if businesses take cautionary approaches, said one of the top brokers in th...