Loading...
The Financial Express

Search results for: bangladesh

Karnaphuli tunnel to be ready for vehicular movement by next year

Karnaphuli tunnel to be ready for vehicular movement by next year

-- 2021-01-18 20:13:25

The 3.32-kilometre long tunnel under the Karnaphuli River in Chattogram is expected to be ready for vehicular movements by 2022.  “The overall progress of Karnaphuli Tunnel has reached 62...

Stocks down in early trading

Stocks down in early trading

FE ONLINE REPORT 2021-01-18 11:04:58

Stocks on both the bourses witnessed a downward trend in the early trading on Monday as many investors freed some funds to take positions on the new issue -- Energypac Power Generation. Energypac Pow...

Energypac Power makes trading debut Tuesday

Energypac Power makes trading debut Tuesday

FE ONLINE REPORT 2021-01-18 10:53:42

Energypac Power Generation will make its shares trading debut on Dhaka Stock Exchange and Chittagong Stock Exchange under the “N” category on Tuesday. The DSE trading code for Energypac P...

Desh General's IPO subscription to begin February 14

Desh General's IPO subscription to begin February 14

FE REPORT 2021-01-18 09:04:32

The IPO subscription of Desh General Insurance will open on February 14, aiming to raise Tk 160 million under the fixed price method. The company's initial public offering (IPO) subscription will b...

Interest spread up slightly; Banks' excess liquidity all-time high at Tk 2.0tn

Interest spread up slightly; Banks' excess liquidity all-time high at Tk 2.0tn

SIDDIQUE ISLAM 2021-01-18 08:27:21

The interest rate spread increased slightly in November 2020, as the banks slashed their deposit rates more than the lending ones, bankers have said. The interest on deposit decreased at comparativ...

Tk 10b refinance scheme set up for tech upgrading of export units

Tk 10b refinance scheme set up for tech upgrading of export units

FE REPORT 2021-01-18 08:15:54

Bangladesh Bank (BB) has formed a Tk10 billion refinancing scheme to provide low-cost loans to the export-oriented industries for upgrading technologies. The scheme is also meant for strengthening...

Agriculture minister hopeful of achieving 50pc irrigation efficiency by 2030

Agriculture minister hopeful of achieving 50pc irrigation efficiency by 2030

-- 2021-01-17 20:29:58

Agriculture Minister Abdur Razzaque on Sunday said the irrigation efficiency would be increased up to 50 per cent by 2030 aiming to expand more cost-effective irrigation facilities for the farmers. &...

Govt rolls out new stimulus worth Tk 27.0b for small businesses

Govt rolls out new stimulus worth Tk 27.0b for small businesses

-- 2021-01-17 17:24:04

The government has announced two more stimulus packages worth Tk 27 billion to help small, medium and cottage industries and expand social safety coverage. Prime Minister Sheikh Hasina has approved t...

Stocks slump on profit booking

Stocks slump on profit booking

FE ONLINE REPORT 2021-01-17 16:05:35

Stocks ended lower on Sunday, after a single-day break, as risk-averse investors booked profits on quick-gaining stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 58.87 po...

IsDB lends $47m to supplement stimulus packages for SMEs

IsDB lends $47m to supplement stimulus packages for SMEs

ISMAIL HOSSAIN 2021-01-17 12:28:24

The Islamic Development Bank (IsDB) has come forward with a US$47 million credit line to support the country's small and medium enterprises (SMEs), hit hard by the pandemic, but abandoned by banks as...

Bourses open week on higher note

Bourses open week on higher note

FE ONLINE REPORT 2021-01-17 11:02:18

Stocks on both the bourses witnessed an upward trend in the early trading on Sunday amid rising trading activities as investors were putting fresh bets on the market amid high hopes. Following the pr...

Stock market needs big players for healthy growth, not bull run

Stock market needs big players for healthy growth, not bull run

FE REPORT 2021-01-17 10:35:55

Country's stock market does need the listing big companies with strong fundamentals to help deepen and widen its base and reduce speculation-based trading, speakers told a webinar on Saturday. They a...

IPO subscription of Desh General Insurance to begin Feb 14

IPO subscription of Desh General Insurance to begin Feb 14

FE ONLINE REPORT 2021-01-17 10:29:03

The IPO subscription of Desh General Insurance will open on February 14, aiming to raise Tk 160 million under the fixed price method. The company’s initial public offering (IPO) subscription wi...

Apparel sector needs collaboration among stakeholders for recovery, experts say

Apparel sector needs collaboration among stakeholders for recovery, experts say

FE ONLINE REPORT 2021-01-16 21:17:45

A collaborative approach among governments, brands and suppliers will be the key to ensure better recovery of the global apparel sector which has suffered an unprecedented disruption in view of the CO...

SEC chairman warns against market manipulation

SEC chairman warns against market manipulation

-- 2021-01-16 19:48:05

Shibli Rubayat-Ul-Islam, chairman of Bangladesh Securities and Exchange Commission, has warned against market manipulation, saying that anyone trying to play dirty will get caught easily. “If s...

DSE witnesses milestone in stock trading

DSE witnesses milestone in stock trading

FE Report 2021-01-16 09:38:38

Dhaka bourse closed the week setting a milestone in market capital capitalisation riding on investors' enthusiastic participation in large cap sectors. Following the price appreciation witnessed by m...

Poor project implementation may lead to cutting development budget

Poor project implementation may lead to cutting development budget

FHM Humayan Kabir 2021-01-16 08:58:00

The annual development programme (ADP) is likely to be revised soon with a significant cut due to poor project execution by the ministries and agencies in the first half of the current fiscal, officia...

Only 24pc of development budget spent in first half

Only 24pc of development budget spent in first half

FHM HUMAYAN KABIR 2021-01-15 11:07:44

The government agencies executed only 24 per cent of the annual development programme in the first half of the current fiscal in a sign of sluggish project work, officials said on Wednesday. They s...

DSE market capitalisation crosses Tk 5.0-tn mark

DSE market capitalisation crosses Tk 5.0-tn mark

FE Report 2021-01-15 09:23:17

The market capitalisation of the Dhaka Stock Exchange (DSE) crossed Tk 5.0 trillion on Thursday, hitting an all-time high following the price appreciation witnessed by the majority number of listed se...

Bangladesh Bank further eases import payment

Bangladesh Bank further eases import payment

FE REPORT 2021-01-15 08:59:55

The central bank has extended the upfront import payment regime, allowing offshore banks and external financiers to pay under the buyer's credit. Currently, domestic banks are allowed to make such an...

Stimulus-induced liquidity may create inflationary pressure

Stimulus-induced liquidity may create inflationary pressure

FE Online Report 2021-01-14 10:46:47

The policy relaxations by Bangladesh Bank and low-cost refinancing lines of credit along with the government's big stimulus packages to support economic activities had already injected a big liquidi...

Bangladesh to export bandwidth to Saudi Telecom

Bangladesh to export bandwidth to Saudi Telecom

-- 2021-01-14 10:36:06

The Bangladesh Submarine Cable Company Limited (BSCCL) is set to export 600 Gbps (gigabits per second) bandwidth worth $3.6 million to the Saudi Telecom. The capacity will be transferred from the w...

Stock market regulator halts 'manipulation' probe as key index falls

Stock market regulator halts 'manipulation' probe as key index falls

FE Report 2021-01-14 09:27:36

Only a day after its issuance, the securities regulator on Wednesday deferred the execution of its order to investigate the reasons for the "abnormal" hike in share prices, trade volumes, and earnings...

Bank depositors in distress as real rate of returns recedes

Bank depositors in distress as real rate of returns recedes

FE REPORT 2021-01-14 08:57:23

The real rate of return on deposits in the money market had turned negative between the months of April and December last year. The average rate of interest on bank deposits went below or remained cl...

Economy may attain 7.40pc growth if second wave doesn’t cause downturn: BB policy review

Economy may attain 7.40pc growth if second wave doesn’t cause downturn: BB policy review

FE Online Report 2021-01-13 20:31:18

Bangladesh economy may reach the annual growth target of 7.40 per cent in the current fiscal year (FY21) as long as the second wave of Covid-19 does not restrain the economic activities and the develo...

BB unveils monetary policy review after six years

BB unveils monetary policy review after six years

FE Online Report 2021-01-13 19:58:48

Bangladesh Bank has released monetary policy review after six years, reviewing the central bank’s monetary policy stance for the current fiscal year (FY21). The latest monetary policy review is...

BSEC orders probe into abnormal share price fluctuation

BSEC orders probe into abnormal share price fluctuation

-- 2021-01-13 19:02:29

Bangladesh Securities and Exchange Commission (BSEC) has ordered the two bourses of the country to find out the reasons behind fluctuation of prices of some shares by over 50 per cent in the past one...

Bangladesh seeks five years to prepare for graduation to developing nation

Bangladesh seeks five years to prepare for graduation to developing nation

-- 2021-01-13 18:24:19

Bangladesh has sought the facilities reserved for the least developed countries for five years for preparations after graduating to the developing nation bracket. It floated the proposal at a virtual...

Bangladesh makes strong case for leaving the poor's club

Bangladesh makes strong case for leaving the poor's club

FE REPORT 2021-01-13 10:24:00

The government on Tuesday presented the macroeconomic and socioeconomic progresses achieved by Bangladesh in recent times and the latest position of the country regarding graduation from the least d...

China top investor in Bangladesh's economic zones

China top investor in Bangladesh's economic zones

DOULOT AKTER MALA 2021-01-13 08:57:59

China is top foreign investor in the country's economic zones (EZ) as the number of its formal proposals outstrips 13 other nations. Between fiscal year 2018 and December of 2020, China grabbed more...