The Financial Express

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Bourses open marginally higher

FE ONLINE REPORT 2022-06-08 11:25:55

The market opened marginally higher on Wednesday as the bargain hunters showed some buying interest in sector-wise lucrative stocks. Following the previous day’s modest correction, DSEX, the...

'Controlling inflation important during post-Covid recovery'

FE REPORT 2022-06-08 11:11:20

The Brac University Economics Club (BUEC) organised a technical workshop on national budget featuring Dr Zahid Hussain, the former Lead Economist at the World Bank, recently to give an overview of fis...

Meghna Insurance makes debut today

FE REPORT 2022-06-08 11:05:06

Meghna Insurance Company makes its debut trading today (Wednesday) under the 'N' category, a disclosure said. The Bangladesh Securities and Exchange Commission (BSEC) approved the company's IPO (init...

Defaulted loans: NBFIs asked not to write off until settlement

FE REPORT 2022-06-08 08:56:56

The central bank asks non-banking financial institutions (NBFIs) not to write off the defaulted loans swindled by scammers until the settlement of legal disputes, officials say. All the NBFIs have be...

Consumption squeezes under price pressures

DOULOT AKTER MALA 2022-06-08 08:43:15

Consumption pattern of middle-to lower-income groups has changed significantly under the squeezing impacts of constant economic challenges that force them to trim basic living costs, analysts say. Th...

Challenges lie in cutting inflation-fuelled woes

FE REPORT 2022-06-08 08:33:35

An estimated Tk 6.78 trillion worth of expansionary budget is coming tomorrow (Thursday) with government sights set on higher targets, amid soaring prices and inflationary pressures on the economy....

Taka depreciates further by 5.0 paisa against USD

FE ONLINE REPORT 2022-06-07 19:00:02

The local currency depreciated further on Tuesday against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. Bangladesh Taka (BDT) lost its value by...

Finance minister set to unveil Tk 6.80t national budget for FY23 on Thursday

-- 2022-06-07 16:47:37

Finance Minister AHM Mustafa Kamal is set to place the national budget of Tk 6.80 trillion at the Jatiya Sangsad for 2022-2023 fiscal year (FY23) on Thursday. The size of the budget will be about 15...

SANEM’s Selim Raihan wants govt to rethink mega projects

-- 2022-06-07 12:08:13

Dr Selim Raihan, the executive director of the South Asian Network on Economic Modeling, or SANEM, an economic think tank, has sought clear guidelines from the national budget to recover from the ongo...

Transfer undistributed dividends to CMSF account by June 10, BSEC asks issuers

FE REPORT 2022-06-07 09:56:51

The securities regular has asked issuer companies to transfer undistributed dividends into the account of Capital Market Stabilisation Fund (CMSF) within June 10. The Bangladesh Securities and Exch...

Move to reduce trading cycle for A, B-category

FE REPORT 2022-06-07 09:54:25

The securities regulator has moved to reduce the bourses' trading cycle to T+1 from T+2 for 'A' and 'B' category issues to pave the way of offloading such securities after a day of purchasing the se...

Cut out-of-pocket health cost, speakers tell pre-budget dialogue

FE REPORT 2022-06-07 09:30:16

Health sector allocations in the national budget must aim to reduce the share of out-of-pocket expenditure in the total health expenditure, said speakers at a pre-budget dialogue on Monday. Highlight...

One USD now costs Tk 91.95

FE ONLINE REPORT 2022-06-06 20:07:54

The local currency depreciated further significantly on Monday against the US dollar (USD) mainly due to higher demand for the greenback for settling import-payment obligations. Bangladesh Taka (BDT)...

'Out-of-pocket health expenditure must be reduced'

FE ONLINE DESK 2022-06-06 17:48:49

Speakers at a pre-budget dialogue organised by Bangladesh Health Watch and Unnayan Shamannay have said health sector allocations in the national budget must aim to reduce the share of out-of-pocket ex...

BDT weakens further against USD

FE ONLINE REPORT 2022-06-06 17:46:26

The exchange rate of the Bangladesh Taka (BDT) has again depreciated, by Tk 1.60, against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The loca...

Economist Zahid Hussain suggests a shift from conventional deficit budget

-- 2022-06-06 11:08:37

Economist Dr Zahid Hussain has suggested the government design an employment-friendly budget by keeping inflation in check and ensuring food security amid increasing import spending triggered by a ris...

Major sectors contribute to continuous market upturn

FE REPORT 2022-06-06 10:12:22

Dhaka bourse closed the week's first session with a moderate rise in broad index following investors' increased participation in transactions. Major sectors of listed securities on Sunday played a ma...

Actual inflation higher than official figures, CPD economic review observes

FE REPORT 2022-06-06 08:46:06

Local think tank Centre for Policy Dialogue (CPD) on Sunday said the actual rate of inflation or price surge in the market would be much higher than the official figures. It said the official statist...

VAT from retail outlets rises 10 times on EFD use

FE REPORT 2022-06-06 08:16:31

The collection of value added tax (VAT) from retail outlets has increased ten times in general after the shops have started issuing Electronic Fiscal Device (EFD) generated invoices. Top officials of...

Default debt increases to Tk 1.1344 trillion by third quarter of FY22

-- 2022-06-05 20:53:23

The size of defaulted debt in Bangladesh has increased to Tk 1.1344 trillion by the third quarter of the current fiscal (FY 2021-22), a Tk 101.67 billion jump alone from the second quarter. Confirmin...

Inflationary pressure may affect sustainable pandemic recovery, says CPD

-- 2022-06-05 19:22:48

In the national budget for the next fiscal year, fiscal measures relating to the external sector should focus on addressing the adverse impacts of imported inflation, according to the Centre for Polic...

BGMEA urges EU to continue duty-free facilities after LDC graduation

-- 2022-06-05 18:37:07

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the European Union (EU) to continue GSP facilities for 10 to 12 years more after the country's graduation to a developing n...

T-bond trading in secondary market: Stakeholders to sign deal on June 12

FE REPORT 2022-06-05 10:21:41

Stakeholders will sign an agreement on June 12 to commence the trading of treasury bonds in a bid to diversify the capital market with the participation of general investors. Bangladesh Bank, Banglad...

Minister for gradual cut in agri subsidy

FE REPORT 2022-06-05 08:30:47

Planning Minister MA Mannan on Saturday suggested slashing gradually the subsidies on agriculture despite massive price hike of the inputs in the international markets. "In recent years, the economic...

Focus on inflation, safety net

FE REPORT 2022-06-05 08:23:07

Budget focus should be on taming inflation, extending social- safety net and introducing ration cards for crisis-hit poor and low-income people rather than concentrating on growth only. Economists an...

Energy regulator to announce new gas price for consumers on Sunday

FE ONLINE DESK 2022-06-04 19:51:09

Bangladesh Energy Regulatory Commission (BERC) is going to announce a new price of natural gas at the consumer level on Sunday. BERC chairman Abdul Jalil is expected to hold a virtual press conferenc...

ICC Bangladesh endorses government's recommendations to avoid hard loans

FE ONLINE DESK 2022-06-04 19:33:39

ICC Bangladesh strongly endorses the recent recommendation made by the Ministry of Finance to avoid hard loans and discourage the import of luxury goods as this may reduce pressure on declining foreig...

A global recession in the making: Can Bangladesh avoid it?

-- 2022-06-04 11:45:47

World Bank President David Malpass and many other economists are worried over the possibility of a global recession, which they think is inevitable amid the Russia-Ukraine war following the pandemic....

Weekly market review: Stocks bounce back after four weeks of losses

FE REPORT 2022-06-04 10:51:14

The equities benchmark index bounced back in the week to Thursday after four consecutive weeks of losses as the Dhaka bourse tried to recover from sell-off with the increased participation of investor...

Ten companies grab 28pc of weekly DSE turnover

FE REPORT 2022-06-04 10:03:28

The ten most-traded stocks accounted for 28 per cent of the weekly market turnover on the Dhaka Stock Exchange (DSE) this week. Beximco topped the turnover chart as it generated a turnover of Tk 2....