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The Financial Express

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PM meets policymakers to prop up stock market

PM meets policymakers to prop up stock market

-- 2020-01-16 21:19:45

Prime Minister Sheikh Hasina has met capital market policymakers to discuss ways to pull the stocks out of a slump, a day after an MP called in parliament for her intervention. Khairul Hossain, the c...

Portfolio investors not blamed for poor turnover

Portfolio investors not blamed for poor turnover

FE Report 2020-01-16 11:06:11

The merchant bankers and stock brokers on Wednesday said withdrawl of funds by foreign portfolio investors is not responsible for the poor turnover of the bourses. The merchant bankers and stock brok...

FM seeks UAE declaration to recruit BD nationals in all sectors

FM seeks UAE declaration to recruit BD nationals in all sectors

UNB 2020-01-15 17:23:06

Bangladesh has urged the United Arab Emirates (UAE) to make an official declaration on opening of recruitment for Bangladesh nationals in all sectors in the UAE. Foreign Minister Dr AK Abdul Momen me...

BD on right track to attain SDGs: PM

BD on right track to attain SDGs: PM

-- 2020-01-15 12:10:35

Prime minister Sheikh Hasina has said Bangladesh is now on right track to attain the Sustainable Development Goals (SDGs) due to her government’s time-befitting initiatives. “We achieved...

Top bankers sceptical of 6.0pc deposit rate

Top bankers sceptical of 6.0pc deposit rate

FE REPORT 2020-01-15 10:02:20

The country's top bank executives evinced on Tuesday their grave concern over the 6.0 per cent interest rate on bank deposits as they believe such a poor rate will be "challenging" for mobilising fund...

Higher private sector credit flow to ensure more investment: DCCI

Higher private sector credit flow to ensure more investment: DCCI

FE Online Report 2020-01-14 17:32:02

Increased private sector credit flow will ensure more investment and economic growth, said the newly elected Board of Directors of Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday. They als...

WB unlikely to lift lending for BD

WB unlikely to lift lending for BD

FHM HUMAYAN KABIR 2020-01-14 10:09:11

The World Bank, or WB, is likely to provide US$4.50 billion in loans to Bangladesh over the next three-years, officials said on Monday, the same level as the current portfolio. Although the total aid...

BB gets new director

BB gets new director

FE Online Report 2020-01-13 14:44:14

The government has appointed Nazrul Huda, a former deputy governor of the central bank, as a member of Bangladesh Bank's Board of Directors.  With 35 years of central banking experience, Mr Huda...

Get policy right to develop non-apparel sectors

Get policy right to develop non-apparel sectors

FE REPORT 2020-01-13 11:02:21

Leather and footwear, plastics and light engineering have been identified as the potential sectors, which can help diversify the country's export basket. The sectors will also create greater access t...

Renata clocks 20pc growth against market growth of 17pc

Renata clocks 20pc growth against market growth of 17pc

Mohammad Mufazzal 2020-01-12 12:45:54

Listed pharmaceutical company Renata witnessed a steady growth in net profit for the last three fiscal years (FYs) as the company maintained its high professional standard in manufacturing 'quality' m...

Five large-cap cos shed prices up to 11.34pc

Five large-cap cos shed prices up to 11.34pc

FE Report 2020-01-11 10:46:28

Five large-cap companies having notable impact on index movement lost prices up to 11.34 per cent per share in last week. During the week, the DSEX, the broad index of Dhaka Stock Exchange (DSE), los...

Weekly market review: Free fall of index creates panic

Weekly market review: Free fall of index creates panic

FE Report 2020-01-11 10:45:08

Dhaka bourse closed the week with the highest single week fall in core index since 2013 following investors' panic sales executed in all sessions amid lack of confidence. The core index also hit the...

Deficit financing widens by 130pc in four months

Deficit financing widens by 130pc in four months

JASIM UDDIN HAROON 2020-01-11 09:53:25

The government's deficit financing grew by 130 per cent in the first four months of the current fiscal year compared to that of the same period of last fiscal, driven by a fall in resource mobilisatio...

WB projects 7.2pc GDP growth for Bangladesh in FY20

WB projects 7.2pc GDP growth for Bangladesh in FY20

UNB 2020-01-10 17:13:29

The World Bank has projected 7.2 per cent GDP growth for Bangladesh in the current fiscal year, FY 2019-20, while 7.3 per cent in the following fiscal year. Bangladesh, the third-largest economy in t...

Selling pressure continues on DSE

Selling pressure continues on DSE

FE Report 2020-01-10 10:40:03

The core index of Dhaka bourse on Thursday settled below 4200 points after losing 262 points in five sessions in a row amid investors' panic sales executed throughout the week. The Dhaka Stock Exchan...

NBR cancels transfer, posting, promotion of 350 officials

NBR cancels transfer, posting, promotion of 350 officials

FE Report 2020-01-10 10:33:31

The National Board of Revenue (NBR) has cancelled all the orders and circulars for transfer, posting and promotion of nearly 350 officials of the customs, VAT and income tax wings. The NBR cancelle...

100,000 Bangladeshi workers deported from abroad in 2019

100,000 Bangladeshi workers deported from abroad in 2019

ARAFAT ARA 2020-01-10 10:07:59

More than 100,000 Bangladeshi workers were sent back from abroad last year due to a host of reasons such as overstay and scarce jobs. Of the total, some 62,000 workers were deported from different co...

Bangabandhu- the people’s protagonist

Bangabandhu- the people’s protagonist

Atiur Rahman 2020-01-09 21:17:25

Bangabandhu is, in fact, a namesake of Bangladesh. He created the concept Bangladesh for which millions shed blood in 1971. He was a born leader who could inspire his fellow countrymen and women with...

The day Sheikh Mujib returns

The day Sheikh Mujib returns

Faruq Aziz Khan 2020-01-09 21:13:00

While handing over the office of the president to Zulfiquar Ali Bhutto on December 19, only three days after his army surrendered to the joint command in Dhaka, Yahya Khan passed on to Bhutto a sealed...

10 cos account for 35.51pc of DSE

10 cos account for 35.51pc of DSE

FE Report 2020-01-09 11:40:07

Ten most traded stocks accounted for 35.51 per cent of transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with Standard Ceramic Industries generating the highest turnover. The total turnove...

BB releases e-KYC guideline

BB releases e-KYC guideline

JASIM UDDIN HAROON 2020-01-09 11:37:50

The central bank of Bangladesh issued a circular on Wednesday pertaining to e-KYC (know your customer) applied to the country's financial institutions. The Bangladesh Bank (BB) released an e-KYC gu...

BD has enough room to gain in IT era, says economist

BD has enough room to gain in IT era, says economist

FE REPORT 2020-01-09 11:33:36

Emerging economies like Bangladesh can benefit to a great extent from the rapid global changes against backdrop of information technology (IT)-based services, Italian economist Nicolo Andreula has obs...

Only six China-funded projects roll so far

Only six China-funded projects roll so far

MIR MOSTAFIZUR RAHAMAN 2020-01-09 09:53:12

After a lapse of three years into signing a deal with China for executing $20 billion worth of 27 projects, only six has got going as of December 2019. Even Bangladesh has received only $904.50 milli...

Trade deficit ups slightly in July-Nov

Trade deficit ups slightly in July-Nov

FE Online Report 2020-01-08 12:30:39

Country’s bilateral trade deficit with the rest of the world increased slightly in the first five months of the current fiscal year (FY20), according to the provisional statistics of the centr...

Walton to raise Tk 1.0 billion under book building method

Walton to raise Tk 1.0 billion under book building method

FE Report 2020-01-08 12:00:57

Walton Hi-Tech Industries will raise a capital worth Tk 1.0 billion under book building method to expand business and repay bank loans. The Bangladesh Securities and Exchange Commission (BSEC) on Tue...

DSE loses Tk 710b in a year

DSE loses Tk 710b in a year

-- 2020-01-08 11:33:17

A rapid fall in share prices has wiped out around Tk 710 billion in market capital from the Dhaka Stock Exchange (DSE) in a year. Its main index, DSEX, shed 50 points to 4,281 on Tuesday following...

1.0pc cash incentive on FoB for RMG exporters

1.0pc cash incentive on FoB for RMG exporters

FE Report 2020-01-08 11:17:21

All readymade garment (RMG) exporters will receive 1.0 per cent cash incentive on freight on board (FoB) with effect from July 01, 2019. To this end, Bangladesh Bank issued a circular on Tuesday. Th...

ADP execution 26pc in first half

ADP execution 26pc in first half

FE REPORT 2020-01-08 10:39:28

The government agencies' execution of projects in the first half of this fiscal is poor as they spent only 26 per cent of the annual development programme (ADP). They utilised 27 per cent of the Tk 1...

Average inflation up, marginally, in 2019

Average inflation up, marginally, in 2019

FE REPORT 2020-01-08 10:07:07

The average inflation rate has increased by 0.04 percentage points for the 12 months in the just-concluded year 2019 to 5.59 per cent due to some volatility in commodity markets in the country, offici...

H1 corporate taxes from large units miss target by Tk 5.67b

H1 corporate taxes from large units miss target by Tk 5.67b

DOULOT AKTER MALA 2020-01-08 09:50:45

At least five large commercial banks paid less in corporate tax in the last fiscal year than that of the previous year, thus, adding to the woes of the National Board of Revenue (NBR). The five were...