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The Financial Express

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PM to open special economic zone in N'gnaj tomorrow

PM to open special economic zone in N'gnaj tomorrow

FE Report 2022-12-05 08:56:47

Prime Minister Sheikh Hasina is scheduled to inaugurate Bangladesh Special Economic Zone (BSEZ) tomorrow (Tuesday). The BSEZ, when fully operational, is expected to draw investment worth $1.5 billi...

BB mulls injecting more funds into farming sector

BB mulls injecting more funds into farming sector

JASIM UDDIN HAROON AND JUBAIR HASAN 2022-12-05 08:52:56

Bangladesh Bank (BB) is planning to inject more funds into the farming sector through banking channels from the next calendar year for strengthening the country's food security amid warnings of a poss...

Govt posts July budget surplus

Govt posts July budget surplus

JASIM UDDIN HAROON 2022-12-05 08:51:08

Bangladesh reports a budget surplus in the month starting the current fiscal year, finance ministry shows in revenue-collection and spending data, which relieves feelings on bigger annual shortfall....

Bangladesh's RMG export to US rises 51pc

Bangladesh's RMG export to US rises 51pc

-- 2022-12-04 20:33:44

The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year....

Chinese Company to invest $40m in BEPZA Economic Zone 

Chinese Company to invest $40m in BEPZA Economic Zone 

-- 2022-12-04 17:25:48

Chinese company Fenix Garment Limited will set up a high-end garments manufacturing industry in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone (EZ) with an investment of around...

Stocks open mixed amid thin participation

Stocks open mixed amid thin participation

FE ONLINE DESK 2022-12-04 11:51:43

Stocks opened mixed trend on Sunday with thin participation of investors as majority shares remained stuck at floor due to lack of potential buyers. Following the previous day’s rise, DSEX, the...

Alternative Trading Board to begin trades of non-listed stocks in Jan

Alternative Trading Board to begin trades of non-listed stocks in Jan

Mohammad Mufazzel 2022-12-04 09:34:08

Over-the-counter trading of non-listed securities will come to an end with the Dhaka Stock Exchange's Alternative Trading Board (ATB) set in motion on January 1 next year. The platform will allow i...

Differing views on interest cap

Differing views on interest cap

FE REPORT 2022-12-04 09:13:12

Economists and experts at a conference on Saturday made differing views on the withdrawal of the banking rate cap in order to tame inflation and weather macro-economy. Almost all the economists favou...

Remake rundown economic growth model, policies

Remake rundown economic growth model, policies

FE REPORT 2022-12-04 09:05:19

Bangladesh ought to make major readjustments to its economic growth model and policies to sustain high growth, says a study, as innovations of the 1990s are a spent driving force these days. To sus...

Adopt bottom-up approach to frame inclusive policy, speakers say at dialogue

Adopt bottom-up approach to frame inclusive policy, speakers say at dialogue

FE Report 2022-12-04 08:50:27

Speakers at a programme on Friday urged the government to follow bottom-up approach while framing any policy to make it inclusive and representative to all citizens. They also observed that devel...

Weekly market review: DSEX snap three-week losses, driven by pharma stocks

Weekly market review: DSEX snap three-week losses, driven by pharma stocks

BABUL BARMAN 2022-12-03 09:14:20

Stocks bounced back in the outgoing week to Thursday, snapping a three-week losing streak, as bargain hunters put fresh bets on some selective stocks, although investors' participation continued to...

Ten firms grab 37pc transactions

Ten firms grab 37pc transactions

FE REPORT 2022-12-03 09:11:44

The ten most-traded companies accounted for 37 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover chart for a fourth straight...

Two power entities lavish money

Two power entities lavish money

FHM HUMAYAN KABIR 2022-12-03 09:05:22

Two power-distribution companies are found extravagant in their spending on development project-related land acquisition and procurement, overreaching government provisions, sources say. Bypassing th...

Augment concessional lending to emerging economies

Augment concessional lending to emerging economies

FE REPORT 2022-12-03 08:50:51

A clarion call comes for channeling more concessional loans through multilateral development system into emerging and developing economies to finance inclusive and sustainable development. Speakers...

Merchandise export fetches $5b in November

Merchandise export fetches $5b in November

-- 2022-12-02 15:33:04

Bangladesh earned over $5.0 billion from merchandise exports in November, a record income in a month thanks to a surge in apparel exports, according to official figures. The November export earnings...

Indo-Bangla Pharma fails to explain 48pc decline in profit

Indo-Bangla Pharma fails to explain 48pc decline in profit

FE REPORT 2022-12-02 10:33:00

Indo-Bangla Pharmaceuticals endured a 48.5 per cent year-on-year drop in income for the July-September quarter of FY23, caused by a significant decline in sales revenue. The company has not mentioned...

Non-operational Jute Spinners flies high on Dhaka bourse

Non-operational Jute Spinners flies high on Dhaka bourse

FE REPORT 2022-12-02 10:20:38

Jute Spinners -- a junk stock -- has been flying high on the Dhaka Stock Exchange while the company sees losses piling up without any sign of recovery for its operation remaining suspended for more th...

Tk 30b revenue collected till Nov 30

Tk 30b revenue collected till Nov 30

-- 2022-12-01 20:24:40

The National Board of Revenue (NBR) has collected over Tk 30.0 billion as revenue till November 30. "Some 2.40 million taxpayers have filed their income tax returns till November 30. Against the tax...

Apparel sector sees highest growth in EU market during January-August

Apparel sector sees highest growth in EU market during January-August

-- 2022-12-01 20:17:35

The European Union's (EU) apparel imports from Bangladesh saw the highest growth among all the top exporter countries during January-August this year, Eurostat, the statistical office of the EU, said....

Bangladesh sees 5pc remittance growth in 2022

Bangladesh sees 5pc remittance growth in 2022

-- 2022-12-01 16:50:38

Remittances to low and middle income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5.0 per cent to $626 billion. This is sharply lower than the 10.2 per cent increase in...

Welsh businesses keen to do business in Bangladesh

Welsh businesses keen to do business in Bangladesh

FE ONLINE REPORT 2022-12-01 16:27:23

Welsh investors have expressed their interest to do business in Bangladesh to make mutually beneficial economic relations, upon Brexit and LDC graduation of Bangladesh. The business networking meetin...

Relaxed block trades yet to pull big investors

Relaxed block trades yet to pull big investors

Mohammad Mufazzal 2022-12-01 08:57:13

The block board of the Dhaka bourse has not seen any boost to its daily turnover volume due to low investor participation even after the November 15 relaxation of the floor price restriction. The n...

Auditor rebukes Sonali Aansh for overstating income, asset

Auditor rebukes Sonali Aansh for overstating income, asset

FE REPORT 2022-12-01 08:56:11

Sonali Aansh Industries committed exaggerations in its citing of income and assets volume for the fiscal 2021-22 ended in June, according to the auditor. A revaluation of assets was carried out in...

Forex reserves recede further

Forex reserves recede further

JUBAIR HASAN 2022-12-01 08:48:29

Bangladesh's foreign-exchange reserves dropped below the official US$34-billion mark despite belt-tightening measures to stall the fall to navigate internal and external headwinds on the financial fro...

Does DSE prime index’s better performance reflect reality?

Does DSE prime index’s better performance reflect reality?

Mohammad Mufazzal 2022-11-30 09:03:04

It was March 8 when the securities regulator felt compelled to impose 2 per cent lower circuit breaker to stop the benchmark index of the Dhaka bourse from plunging further. The previous two weeks ha...

BSEC seeks fresh investments from Japan

BSEC seeks fresh investments from Japan

FE REPORT 2022-11-30 09:02:01

The securities regulator on Tuesday urged Japanese investors and non-resident Bangladeshis to invest in Bangladesh, considering the country's prospects. Prof. Shibli Rubayat Ul Islam, chairman of Ban...

Golachipa Bridge in Barishal: Land acquisition cost set to cross construction cost

Golachipa Bridge in Barishal: Land acquisition cost set to cross construction cost

FHM HUMAYAN KABIR 2022-11-30 08:58:03

Despite austerity measures amid economic turmoil, the Roads and Highways Department (RHD) has proposed to build a bridge in Barishal by spending higher funds for its land acquisition than the cost for...

Private sector credit growth rate falling, yet stays above policy target

Private sector credit growth rate falling, yet stays above policy target

JUBAIR HASAN 2022-11-30 08:53:36

Private-sector credit growth fell for the second consecutive month in October amid the central bank's measures to contain inflation and face foreign-currency shortage on the local money market, offici...

Bangladesh urges developed nations to double adaptation finance by 2025

Bangladesh urges developed nations to double adaptation finance by 2025

FE ONLINE REPORT 2022-11-29 20:04:05

Bangladesh urged the developed countries to double adaptation financing to developing countries by 2025. It also requested to establish a financing mechanism to avoid, reduce and address 'loss and...

BB okays MFS providers to bring remittance directly

BB okays MFS providers to bring remittance directly

-- 2022-11-29 18:39:12

Bangladesh Bank has allowed mobile financial service (MFS) providers to bring inward remittance, in order to increase remittance inflow. The foreign exchange policy department of Bangladesh Bank issu...