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The Financial Express

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Govt lobbying hard for WB budget aid

Govt lobbying hard for WB budget aid

FHM HUMAYAN KABIR 2020-08-18 09:20:51

The government is trying to receive $250 million budget support the World Bank pledged to offer, helping the country lower its fiscal deficit in the current financial year, officials said on Monday....

‘CPD actually acts on assumption, BBS deals with data’

‘CPD actually acts on assumption, BBS deals with data’

-- 2020-08-17 20:41:10

Dismissing recent statement of Centre for Policy Dialogue (CPD) on the country’s GDP growth, Finance Minister AHM Mustafa Kamal on Monday said the CPD acts on assumptions, whereas the Bangladesh...

US overtakes UAE as second biggest remittance hotspot for Bangladeshis

US overtakes UAE as second biggest remittance hotspot for Bangladeshis

-- 2020-08-17 20:09:48

Bangladesh has seen an increase in the remittance sent from the United States, the biggest economy in the world, along with an upward trend in investment in NRB savings bonds. Bangladeshi expatriates...

Stocks break three-day rally on profit booking

Stocks break three-day rally on profit booking

FE ONLINE REPORT 2020-08-17 15:25:49

Stocks broke the three-day sharp rally on Monday as risk-averse investors went for short-term profit booking on sector-specific shares. DSEX, the prime index of the Dhaka Stock Exchange, went down by...

Stocks down at opening as investors booking profits

Stocks down at opening as investors booking profits

FE ONLINE REPORT 2020-08-17 12:34:54

Stocks witnessed downward trend in early trading on Monday as risk-averse investors are booking profit on sector-wise issues after sharp recent upsurge. After hitting the DSE key index 10 months high...

Exports to China drop more than India in FY20

Exports to China drop more than India in FY20

FE Online Report 2020-08-17 10:23:29

The country’s receipt from exports in goods to China dropped heavily in the last fiscal year (FY20) compared to the decline in exports to India during the same period. Statistics compiled by Ex...

BB to ask banks, NBFIs to pace up

BB to ask banks, NBFIs to pace up

Siddique Islam 2020-08-17 09:31:15

The central bank is set to ask the banks and non-banking financial institutions (NBFIs) for faster implementation of the stimulus packages particularly the one for the CMSMEs to speed up recovery of...

CPD questions GDP growth data

CPD questions GDP growth data

FE REPORT 2020-08-17 09:29:28

The Centre for Policy Dialogue (CPD) on Sunday expressed reservations about the government's provisional estimate of real GDP growth rate for the fiscal year (FY) 2019-20, arguing it does not provide...

Dhaka nudges KL to launch FTA talks

Dhaka nudges KL to launch FTA talks

SYFUL ISLAM 2020-08-17 09:21:04

Bangladesh is pushing Malaysia for starting formal negotiations on signing a free trade area or FTA agreement as both had earlier agreed on such a deal to boost bilateral trade, officials say. The mi...

Bourses keep gaining amid soaring turnover

Bourses keep gaining amid soaring turnover

FE ONLINE REPORT 2020-08-16 16:12:34

Stocks kept the soaring trend with core index of the Dhaka Stock Exchange (DSE) crossed the 4,800-mark after 10 months as investors continued their buying spree on large-cap issues amid optimism. DSE...

Bangladesh a South Asian miracle, ToI says citing WDIs

Bangladesh a South Asian miracle, ToI says citing WDIs

FE ONLINE DESK 2020-08-16 14:08:54

To paint a picture of how India, Pakistan and Bangladesh have fared so far on living standards of people, Times of India in an article says Bangladesh is a South Asian miracle. The Indian media publi...

Pragati Life gets BSEC nod to raise Tk 230.27m in rights offer

Pragati Life gets BSEC nod to raise Tk 230.27m in rights offer

FE ONLINE REPORT 2020-08-16 12:11:48

The Bangladesh Securities and Exchange Commission (BSEC) has approved Pragati Life Insurance’s application to raise Tk 230.27 million through rights issue. The rights issue is an offer of new s...

Provisional GDP estimates didn’t capture Covid impact: CPD

Provisional GDP estimates didn’t capture Covid impact: CPD

FE ONLINE REPORT 2020-08-16 11:59:29

The provisional estimates of the country’s Gross Domestic Product (GDP) did not capture the impact of the Covid-19 pandemic on Bangladesh economy in the last fiscal year (FY20), according to a l...

Stocks soar at opening amid growing confidence

Stocks soar at opening amid growing confidence

FE ONLINE REPORT 2020-08-16 10:48:21

Stocks witnessed a steep rise in early trading on Sunday as enthusiastic investors continued their buying spree on large-cap issues riding on regulatory moves to restore discipline in the market. Fol...

NBR works out ways to legalise undisclosed cash; circular next month

NBR works out ways to legalise undisclosed cash; circular next month

DOULOT AKTER MALA 2020-08-16 10:01:53

People having undisclosed cash are expected to get the chance to legalise their money in three methods while filing return during the current fiscal year. The taxmen may allow the relevant taxpayers...

Concerted efforts a must to develop capital market

Concerted efforts a must to develop capital market

FE REPORT 2020-08-16 09:59:32

The securities regulator and other stakeholders have laid importance on sustainable development of the capital market to ensure its contribution to national economy. Their opinion came at a webinar a...

Project underway to help employ urban youths, migrant returnees

Project underway to help employ urban youths, migrant returnees

FHM HUMAYAN KABIR 2020-08-16 09:37:00

The World Bank (WB) is set to provide $150-million to create employment opportunities for low-income urban youths and migrant returnees and raise their productivity level, officials at the Economic Re...

Govt eyes dent in inequality

Govt eyes dent in inequality

FE REPORT 2020-08-16 09:34:16

The government expects a significant improvement in income inequality from its peak, amid sluggish economic activities. It eyes Gini coefficient-a measure of income distribution where 0 represents pe...

Ten issues grab 24pc transaction

Ten issues grab 24pc transaction

FE REPORT 2020-08-15 10:07:51

Ten most-traded stocks accounted for 24 per cent of the total transactions on the Dhaka Stock Exchange (DSE) in the outgoing week while Beximco Pharmaceuticals topped the list for the two consecutive...

Weekly market review: Core index adds 742 points in eight straight weeks

Weekly market review: Core index adds 742 points in eight straight weeks

BABUL BARMAN 2020-08-15 09:38:06

Stocks witnessed yet another strong bullish week that ended on Thursday, extending the winning streak for the eight consecutive weeks. The enthusiastic investors put fresh stakes on large-cap stocks...

Industrial engine loses steam

Industrial engine loses steam

FHM Humayan Kabir 2020-08-15 09:23:18

Bangladesh's industrial growth slumped in the last fiscal year, mainly due to the COVID pandemic, the government data show. The sector recorded notable growth in the previous couple of years. The man...

Pandemic leaves 20,000 people jobless in Khulna city alone

Pandemic leaves 20,000 people jobless in Khulna city alone

-- 2020-08-14 19:20:52

The coronavirus outbreak has left around 20,000 workers in Khulna city without a job over the last four months and forced the closure of 20 per cent business establishments. Another 20,000 workers of...

Economists caution against complacency about robust remittance inflow

Economists caution against complacency about robust remittance inflow

-- 2020-08-14 11:21:39

The record inflow of remittance in the last two months should not give any sense of complacence for Bangladesh as the situation in overseas labour market remains fluid and the migrant workers are poss...

Fisheries sector entrepreneurs get Tk 260m loans so far

Fisheries sector entrepreneurs get Tk 260m loans so far

TALHA BIN HABIB 2020-08-14 09:57:48

The government has disbursed around Tk 260 million as loans to the entrepreneurs of fisheries sector to help offset the financial losses due to the Covid-19 pandemic, an official said. The loans have...

City Bank approves 15pc cash div

City Bank approves 15pc cash div

FE DESK REPORT 2020-08-14 09:48:07

The 37th Annual General Meeting (AGM) of City Bank was held on Thursday on virtual platform. Aziz Al Kaiser, Chairman of the Bank, presided over the meeting, said a statement. Following the Board of...

BSEC restructures Z-category companies’ boards

BSEC restructures Z-category companies’ boards

FE Report 2020-08-14 09:42:19

The securities regulator has taken a number of decisions including restructuring the boards of 'Z' category companies for bringing positive changes in their operations. The decisions were taken on...

Govt cranks up bank borrowing

Govt cranks up bank borrowing

SIDDIQUE ISLAM 2020-08-14 09:20:55

The government started the new fiscal year with higher bank borrowing as July loans figure almost doubled as revenue collection fell, officials say. Its borrowing reached Tk 130.87 billion in the fir...

‘BD economy shows signs of positive growth despite global recession’

‘BD economy shows signs of positive growth despite global recession’

-- 2020-08-13 18:47:35

Bangladesh might be one of only two ASEAN and South Asian economies to register positive growth in 2020 when the world is almost certainly bound to a devastating recession caused by the coronavirus pa...

Berger’s EPS tumbles 79pc in Apr-Jun quarter

Berger’s EPS tumbles 79pc in Apr-Jun quarter

FE ONLINE REPORT 2020-08-13 16:28:39

The earnings per share (EPS) of Berger Paints Bangladesh Ltd has plunged 79 per cent year-on-year in April-June, 2020 quarter due to lower sales during the countrywide lockdown. The multinational com...

Stocks keep gaining riding on regulatory moves

Stocks keep gaining riding on regulatory moves

FE ONLINE REPORT 2020-08-13 15:27:39

Daily trade turnover on Dhaka Stock Exchange (DSE) scaled Tk 12-billion mark on Thursday once again as investors put fresh stakes on stocks amid growing confidence in the market. Turnover, a crucial...