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The Financial Express

Search results for: Bangladesh

Sonadia Island's 'virginity' at risk

Sonadia Island's 'virginity' at risk

ABDUL MONAYEM KHAN 2019-11-23 10:38:00

Sonadia Island, a nine-square kilometre small island in the Bay of Bengal, is likely to lose its 'virginity' as the authorities concerned are building an eco-tourism park there, according to local peo...

10 cos snare 23.54pc of total turnover

10 cos snare 23.54pc of total turnover

FE Report 2019-11-23 10:37:01

Top 10 traded stocks captured 23.54 per cent of the total turnover featured by Dhaka Stock Exchange (DSE) in last week. The premier bourse DSE posted a total turnover of above Tk 19.81 billion in f...

Tapping tourism potential crucial to BD economy

Tapping tourism potential crucial to BD economy

SAIF UDDIN 2019-11-23 10:31:52

Despite enormous potential of tourism in Bangladesh, the sector is facing different challenges like inadequate infrastructure, high cost of doing business and lack of branding, according to a study....

Pilot project on Vannamei culture gets govt nod

Pilot project on Vannamei culture gets govt nod

-- 2019-11-23 10:15:24

The crisis-hit shrimp industry, which has seen a gradual fall in exports over the last five years, is now looking for a breakthrough by introducing a new variety called vannamei or white shrimp. Th...

Budget deficit hits 11-yr high in FY ‘19

Budget deficit hits 11-yr high in FY ‘19

JASIM UDDIN HAROON 2019-11-23 09:54:15

The country's budget deficit widened to over Tk 1.1 trillion in the past fiscal year, highest in more than a decade. The imbalance stood at 5.1 per cent of the gross domestic product, or GDP, in fi...

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

FE Report 2019-11-22 12:22:30

The securities regulator has allowed the chiefs of merchant banks to conduct sell-buy of the shares of listed companies. The Bangladesh Securities and Exchange Commission (BSEC) took the decision o...

BB waives PKB from keeping 13pc SLR

BB waives PKB from keeping 13pc SLR

FE REPORT 2019-11-22 12:15:30

The central bank has waived the Probashi Kallyan Bank (PKB) from maintaining the stipulated statutory liquidity ratio (SLR) in line with the existing Banking Companies Act 1991. The state-owned speci...

Online transactions hampered by new credit card rule

Online transactions hampered by new credit card rule

-- 2019-11-21 18:33:40

A new rule requiring customers to obtain a certificate before completing a transaction online is causing people a lot of grief with businessmen in the IT sector suffering in particular. Bangladesh Ba...

Remittance incentives: Conversion of local currency allowed

Remittance incentives: Conversion of local currency allowed

FE Report 2019-11-21 10:44:31

Remitters who will wire $1,500 or equivalent amount of other currencies or Tk 150,000 will be eligible for receiving 2.0 per cent cash incentives without showing any documents. The amount of local cu...

CPD warns of debt-servicing trouble

CPD warns of debt-servicing trouble

FE REPORT 2019-11-21 10:07:50

A think-tank on Wednesday warned that Bangladesh would face debt-servicing problem unless it proceeded with caution while securing foreign loans. "There are many countries who took loans without cons...

BD among top four countries in digital economy growth

BD among top four countries in digital economy growth

BSS 2019-11-20 20:51:37

Bangladesh is one of the top four countries in terms of 'improvement and remarkable growth' in digital economy in the last four years, according to Huawei Global Connectivity Index (GCI) 2019. The in...

Kamal seeks more Turkish investment

Kamal seeks more Turkish investment

-- 2019-11-20 12:37:38

Finance Minister AHM Mustafa Kamal has sought more Turkish investment in various sectors in Bangladesh. The Finance Minister called for the investment at the first day of the Bangladesh-Turkey Joint...

Standard Bank to issue perpetual bond worth Tk 5.0b

Standard Bank to issue perpetual bond worth Tk 5.0b

FE Report 2019-11-20 10:35:22

Standard Bank will raise a capital worth Tk 5.0 billion through issuance of perpetual bond as additional tier-I capital. The company's board of director has taken the decision of raising capital th...

Rise in issuance of T-bonds, bills pushes up yield curves

Rise in issuance of T-bonds, bills pushes up yield curves

JASIM UDDIN HAROON 2019-11-20 10:34:50

The increase in issuance of T-bonds and T-bills propelled their yield curves upward in last fiscal year (FY), 2018-19, according to the Bangladesh Bank (BB) statistics. Yield curve has direct relatio...

NBR gets Tk 3.57b tax on sixth day of fair

NBR gets Tk 3.57b tax on sixth day of fair

FE Report 2019-11-20 10:31:25

The National Board of Revenue (NBR) collected Tk 3.57 billion in tax on Tuesday, the sixth day of the countrywide Income Tax Fair (ITF) 2019, according to a statement. The revenue authority bagged...

BB cuts interest rates on EDF loans to boost exports

BB cuts interest rates on EDF loans to boost exports

FE Report 2019-11-20 10:25:13

The central bank has slashed interest rates on loans under the Export Development Fund (EDF) scheme by 1.0 percentage point to facilitate exporters. As per the revised policy, exporters will now ge...

BB increases home loan limit to Tk 20m

BB increases home loan limit to Tk 20m

-- 2019-11-19 19:35:37

The Bangladesh Bank has increased the maximum limit for home loans to Tk 20 million from Tk 12 million due to rising apartment prices and the purchasing capacity of people. The central bank on Tuesda...

BB slashes interest rate on exporters’ borrowing from EDF

BB slashes interest rate on exporters’ borrowing from EDF

-- 2019-11-19 18:04:39

The central bank has slashed the interest rate on loans from its Export Development Fund (EDF) by 1.0 percentage point to boost exports. From now, the EDF interest rate would be the six-month dollar...

FRB NY to give BB technical support

FRB NY to give BB technical support

SIDDIQUE ISLAM 2019-11-19 10:39:53

The Federal Reserve Bank (FRB) of New York has expressed willingness to provide technical assistances to the Bangladesh Bank (BB) for mitigating its operational risks. A four-member delegation, led b...

NBR collects Tk 3.11b on fifth day of income tax fair

NBR collects Tk 3.11b on fifth day of income tax fair

BSS 2019-11-18 19:52:22

The National Board of Revenue (NBR) has collected Taka 3.11 billion on Tuesday, the fifth day of the weeklong income tax fair. On the day, a total of 1,06,200 people submitted their income tax return...

Eastern Housing approves 20pc cash dividend

Eastern Housing approves 20pc cash dividend

FE Online Desk 2019-11-18 13:09:06

The 55th Annual General Meeting of Eastern Housing Limited was held at RAOWA Convention Hall, Mohakhali, Dhaka recently. The AGM was presided over by Manzurul Islam, Chairman of Eastern Housing Ltd....

PM seeks larger UAE investment in Bangladesh

PM seeks larger UAE investment in Bangladesh

-- 2019-11-18 11:43:21

Prime Minister Sheikh Hasina on Sunday sought both public and private investment from the UAE in larger volume in potential sectors such as RMG, IT, agriculture and special economic zones in Banglades...

BSEC halts Shepherd Industries' move

BSEC halts Shepherd Industries' move

FE Report 2019-11-18 10:33:14

The securities regulator has halted the execution of the Shepherd Industries' decision of purchasing the shares of another company 'Shepherd Jeans' by the assets of the former. The securities regul...

'Real-time' audit by CAG can help check fiscal anomalies

'Real-time' audit by CAG can help check fiscal anomalies

FE REPORT 2019-11-18 09:49:14

Collaboration among accountability organisations, including Comptroller and Auditor General (CAG), Anti-Corruption Commission (ACC), parliamentary committees and civil society organisations, can ensur...

Earnings of many textile cos down

Earnings of many textile cos down

Mohammad Mufazzal 2019-11-17 10:39:21

The EPS (earnings per share) of majority number of listed textile companies declined while some eight others incurred loss in the last fiscal year (FY) compared to previous FY. On the other hand, som...

Govt earnings from DSE fall 28pc in Oct

Govt earnings from DSE fall 28pc in Oct

FE Report 2019-11-16 10:52:14

The government's revenue earnings from the Dhaka bourse tumbled 28 per cent month-on-month in October this year as trading volume was on the decline. The turnover remains poor for months as unusual f...

Weak earning disclosures affect stock prices

Weak earning disclosures affect stock prices

Babul Barman 2019-11-16 10:45:50

Stocks backed to the red again in the outgoing week that ended on Thursday as risk-averse investors dumped their holdings amid 'poor' earning disclosures. Week-on-week, DSEX, the prime index of the D...

BB steps up forex support to banks

BB steps up forex support to banks

SIDDIQUE ISLAM 2019-11-16 09:56:59

The central bank has scaled up its foreign currency support to the commercial banks to help settle their import payment obligations, particularly for oil, officials said. The Bangladesh Bank, or BB,...

Wata Chemicals posts highest EPS growth among local cos

Wata Chemicals posts highest EPS growth among local cos

FE REPORT 2019-11-15 10:49:26

Wata Chemicals, a listed company in the pharmaceuticals & chemicals sector, posted the highest EPS (earnings per share) growth among its local peers in fiscal year (FY) 2018-19. The company's EPS...

Renata generates highest turnover

Renata generates highest turnover

FE Report 2019-11-15 10:47:45

Ten most traded companies accounted for nearly 27 per cent of transactions on the prime bourse on Thursday, with Renata generating the highest turnover. Market analysts said investors were active o...