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The Financial Express

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Forex reserves now fall to $34.42 billion

Forex reserves now fall to $34.42 billion

JUBAIR HASAN 2022-11-08 08:37:08

Bangladesh's foreign-currency reserves further dropped as the central bank Monday cleared import bills amounting to US$ 1.35 billion to the Asian Clearing Union (ACU), officials said. With the paymen...

IMF for capacity building of BSEC

IMF for capacity building of BSEC

-- 2022-11-07 16:26:15

Visiting delegation of the International Monetary Fund (IMF) has suggested capacity building of the Bangladesh Securities and Exchange Commission (BSEC) to act in a way so that people from various bac...

Stocks open lower after our-day rise

Stocks open lower after our-day rise

FE ONLINE REPORT 2022-11-07 11:16:16

Stocks opened lower on Monday, after four-day rising trend, as the cautious investors booked some profits on quick-gaining shares. Following the previous day’s rise, DSEX, the prime index of th...

Associated Oxygen to issue bond for expansion

Associated Oxygen to issue bond for expansion

FE REPORT 2022-11-07 10:29:50

Associated Oxygen, which produces gas products for the last three decades, has decided to issue a convertible bond worth Tk 2.50 billion for its business expansion. Associated Oxygen signed a fund ar...

Non-banks go into losses, battered by interest rate cap, capital market

Non-banks go into losses, battered by interest rate cap, capital market

BABUL BARMAN 2022-11-07 10:25:00

The bearish stock market and the lending interest rate cap have been eating into profits of non-bank financial institutions, worsening the health of the overall sector. Most of the companies that l...

China to implement policies to boost private investment

China to implement policies to boost private investment

FE ONLINE DESK 2022-11-07 10:03:28

China's state planner on Monday issued a notice saying it would further improve the policy environment to encourage the development of private investment, the latest move to prop up the falterin...

IMF team enquires about power tariff of RNPP

IMF team enquires about power tariff of RNPP

M AZIZUR RAHMAN 2022-11-07 08:07:02

The visiting delegation from the International Monetary Fund (IMF) enquired with the country's energy regulator on Sunday about the tariff rate of power to be produced from the Rooppur Nuclear Power...

Dollar price raised again for export proceeds

Dollar price raised again for export proceeds

-- 2022-11-06 23:19:34

The foreign exchange dealers and banks have raised the exchange rate of the US dollar for export proceeds by Tk 0.5 to Tk 100. Afzal Karim, managing director of Sonali Bank and chairman of Bangladesh...

Markets open week on high note

Markets open week on high note

FE ONLINE REPORT 2022-11-06 11:14:00

Stocks opened marginally higher on Sunday, riding on the price appreciation in some selective stocks. Following the previous week’s gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE)...

British Int'l Investment to provide $50m climate loan to Pubali Bank

British Int'l Investment to provide $50m climate loan to Pubali Bank

FE DESK 2022-11-06 10:30:40

British International Investment (BII), the UK's development finance institution and impact investor, announces a $50 million loan to Pubali Bank Limited, a leading universal bank in Bangladesh. The...

Nine years on, DSE yet to get dividends from demutualisation

Nine years on, DSE yet to get dividends from demutualisation

MOHAMMAD MUFAZZAL 2022-11-06 09:19:11

Nine years have gone by but the Dhaka Stock Exchange has not yet benefitted from the 2013 demutualisation of the capital market-independent decision-making by a vibrant management detached from the gr...

Tax receipts from DSE drop 16pc in Oct

Tax receipts from DSE drop 16pc in Oct

BABUL BARMAN 2022-11-05 10:18:18

The government's revenue earnings from the Dhaka Stock Exchange (DSE) slumped 16 per cent month-on-month in October on the back of falling turnover value. Market analysts said the turnover fell sharp...

Mismatch deemed linked with forex flight

Mismatch deemed linked with forex flight

FHM HUMAYAN KABIR 2022-11-05 08:47:02

The correlation between manpower export and remittance inflow shows a mismatch in recent months, arousing apprehension about misdirection of foreign currencies earned by the expatriates. The correlat...

Secondary market needs supply of more T-bonds

Secondary market needs supply of more T-bonds

FE REPORT 2022-11-04 13:59:11

The country's stock market will see spontaneous transactions of treasury bonds (T-Bonds) if primary dealers inspire bondholders to sell such securities in the secondary market. Dr Shaikh Shamsuddin A...

LafargeHolcim stands out among cement makers: Here is why

LafargeHolcim stands out among cement makers: Here is why

BABUL BARMAN 2022-11-04 13:13:56

It is new products and an online distribution channel that helped LafargeHolcim grow at a time when other cement manufacturers are scrambling to make a profit and some even have endured the pain of si...

Farming may up by 7.0pc on weather forecast

Farming may up by 7.0pc on weather forecast

MIR MOSTAFIZUR RAHAMAN 2022-11-04 09:28:55

Bangladesh can increase its crop production by at least 7.0 per cent through using weather forecast, experts made this point while talking to The Financial Express. They also noted that farmers can r...

IMF team for fresh hike in fuel oil prices, cutting energy subsidies

IMF team for fresh hike in fuel oil prices, cutting energy subsidies

FE REPORT 2022-11-04 08:50:06

The visiting team of the International Monetary Fund (IMF) on Thursday suggested the authorities concerned adjust the prices of fuel oils and reduce energy subsidies to cut government spending on this...

BoP deficit widens, forex reserves fall further

BoP deficit widens, forex reserves fall further

JASIM UDDIN HAROON and JUBAIR HASAN 2022-11-04 08:47:37

Bangladesh's balance-of-payments (BoP) deficit widened to nearly US$3.45 billion in the July-September quarter of the current fiscal year, casting further strain on the country's falling foreign-curre...

‘US firms keen to explore renewable energy in Bangladesh’ 

‘US firms keen to explore renewable energy in Bangladesh’ 

-- 2022-11-03 18:46:57

United States (US) Ambassador Peter Hass has said the American companies are very interested to explore clean and renewable energy opportunities in Bangladesh while Washington DC has been providing su...

Bangladesh, Vietnam eye $2.0b trade in 2023

Bangladesh, Vietnam eye $2.0b trade in 2023

-- 2022-11-03 18:31:46

Vietnamese Ambassador to Bangladesh Pham Viet Chien has expressed optimism that the bilateral trade between the two countries will reach $2.0 billion mark in 2023 when the two countries will celebrate...

Govt's purchase committee approves 17 proposals

Govt's purchase committee approves 17 proposals

-- 2022-11-03 17:45:57

The government has approved separate proposals for procuring fertiliser, 5.50 million litres of soybean oil and 8,000 tonnes of lentil to meet the growing demand of the country.  The approvals c...

Bangladesh, Singapore to start talks to ink FTA this year

Bangladesh, Singapore to start talks to ink FTA this year

REZAUL KARIM 2022-11-03 15:17:04

Bangladesh and Singapore are expected to start negotiations soon to ink a free trade agreement (FTA) within this year, aiming to boost investment and trade between the countries. As part of the move,...

Bangladesh Shipping Corporation falls on DSE even after outstanding profit growth

Bangladesh Shipping Corporation falls on DSE even after outstanding profit growth

MOHAMMAD MUFAZZAL 2022-11-03 15:14:23

State-owned Bangladesh Shipping Corporation (BSC) suffered a fall on the stock market on Wednesday as investors were frustrated over 20 per cent cash dividend that it declared for the fiscal 2021-22 e...

BD Thai’s profit slumps 98pc, declares no dividend

BD Thai’s profit slumps 98pc, declares no dividend

FE ONLINE REPORT 2022-11-03 14:58:22

Bangladesh Thai Aluminium’s net profit tumbled 98 per cent for the year ended on June 30, 2022, compared to the previous year due to higher raw material prices and freight charges and dull econo...

Stocks open higher amid rising participation

Stocks open higher amid rising participation

FE ONLINE REPORT 2022-11-03 11:12:24

Stocks opened higher on Thursday as investors showed their buying interest in selective issues. Following the previous day’s gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went...

Merchandise export earnings declined by 7.85pc in October

Merchandise export earnings declined by 7.85pc in October

FE ONLINE REPORT 2022-11-02 16:53:06

The country's single-month merchandise export earnings in October this year declined by 7.85 per cent to US$ 4.35 billion year-on-year mainly because of the economic slowdown in the European Union cau...

DSE, CSE gain amid rising turnover

DSE, CSE gain amid rising turnover

FE ONLINE REPORT 2022-11-02 12:28:58

Stocks opened higher on Wednesday, riding on the price appreciation in some selective stocks as the securities regulator allowed investors to purchase shares before cheque encashment. Bangladesh Secu...

BSEC restores transactions before cheque encashment

BSEC restores transactions before cheque encashment

FE REPORT 2022-11-02 11:39:32

The securities regulator has further allowed transactions against investors' cheques before encashment, subject to liabilities borne by stock brokers and merchant banks for any failure. Also, if inst...

BAT's profit soars 39pc on cost cuts, tax-efficient strategies

BAT's profit soars 39pc on cost cuts, tax-efficient strategies

MOHAMMAD MUFAZZAL 2022-11-02 11:36:39

British American Tobacco Bangladesh Company (BATBC) gained more than 39 per cent growth year-on-year in profit for the third quarter through September, leading to 100 per cent cash interim dividend....

Repair, preventive steps cost rural households US$2.0 billion a year

Repair, preventive steps cost rural households US$2.0 billion a year

FE REPORT 2022-11-02 08:55:55

Households in rural Bangladesh spend almost US$2.0 billion yearly on repairing climate-related damage and preventive measures- twice as much as the national government spends and 12 times higher than...