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The Financial Express

Search results for: bangladesh

Pandemic forces people to spend savings for survival

Pandemic forces people to spend savings for survival

-- 2020-07-20 13:09:41

Farida Akhter, a homemaker living in Dhaka's Basabo, bought a 'Paribarik Sanchayapatra', a savings instrument, worth Tk 1.0 million two years ago. She used to draw Tk 8,640 a month in interest from it...

RMG export earnings in July 1-18 total $1.57b

RMG export earnings in July 1-18 total $1.57b

Monira Munni 2020-07-20 10:13:18

The country's ready-made garment (RMG) export earnings in the first 18 days of July stood at US$1.57 billion despite the Covid-19 pandemic, which local manufacturers consider as a good sign of revivin...

Indices of bourses escape large fall during Jan to March

Indices of bourses escape large fall during Jan to March

Mohammad Mufazzal 2020-07-20 09:49:36

Benchmark indices of both the bourses witnessed moderate correction against the sharp losses observed by some of the indices of south Asian stock exchanges amid Covid-19 pandemic. The market insiders...

Power Division implements 94pc project work under ADP

Power Division implements 94pc project work under ADP

FE REPORT 2020-07-20 09:40:21

The Power Division under the Ministry of Power, Energy and Mineral Resources, or MPEMR, has implemented 94.40 per cent of project work under the Annual Development Programme, or ADP, in the last fis...

NBR plans to prod taxpayers

NBR plans to prod taxpayers

DOULOT AKTER MALA 2020-07-20 09:36:37

The National Board of Revenue (NBR) has revived its plan to identify barriers that constrain making the online income tax returns user-friendly. The income tax wing of the board has formed a high-pow...

Interest rate spread on decline

Interest rate spread on decline

SIDDIQUE ISLAM 2020-07-20 09:34:09

Interest rate spread in the country's banking system improved slightly in May as banks slashed interest rates on deposits more than on lending. The spread defined as the gap between lending and depos...

ADB reorganises projects to offset pandemic effect

ADB reorganises projects to offset pandemic effect

SYFUL ISLAM 2020-07-20 09:25:01

The Asian Development Bank or ADB has reshuffled the current year's projects, pushed back a few and included some fresh programmes with the objective of offsetting the impact of the pandemic on life...

Stocks extend losses as Eid nears

Stocks extend losses as Eid nears

FE ONLINE REPORT 2020-07-19 16:17:37

Stocks extended the losing streak for the fifth straight session on Sunday as the risk-averse investors continued their sell-offs ahead of Eid-ul-Azha. Market operators said some retail investors sol...

Stocks witness sharp fall at open

Stocks witness sharp fall at open

FE ONLINE REPORT 2020-07-19 11:36:51

Stocks witnessed sharp decline in early trading on Sunday as investors mostly followed cautious stance amid ongoing virus fears. Within 30 minutes of trading, DSEX, the key index of DSE, lost more th...

Republic Insurance declares 14pc dividend

Republic Insurance declares 14pc dividend

FE Online Report 2020-07-19 11:35:06

The board of directors of Republic Insurance Ltd has recommended 7.0 per cent cash and 7.0 per cent stock dividend for the year ended on December 31, 2019. The final approval will come during the ann...

$3.0b RMG payment uncertain

$3.0b RMG payment uncertain

FE REPORT 2020-07-19 09:38:55

The readymade garment industry might fail to realise or face deferred payment worth US$3.0 billion because of the Covid-19 pandemic, exporters say. Local clothing exporters faced $3.18 billion work o...

'Easier SME financing the key to recovery'

'Easier SME financing the key to recovery'

FE REPOR 2020-07-19 09:28:55

Easy access to finance for smaller enterprises is required for employment generation and economic recovery during and after the pandemic, experts said on Saturday. They also called for creating a pro...

‘13 banks form low-interest special fund for capital market’

‘13 banks form low-interest special fund for capital market’

-- 2020-07-18 20:56:54

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam has said that a total of 13 banks have formed low-interest special fund to invest in the capital market...

Lower budgetary allocation brings challenges to RHD

Lower budgetary allocation brings challenges to RHD

MUNIMA SULTANA 2020-07-18 12:44:40

With the road network expanding, lower budgetary allocation for road development and maintenance work in this fiscal year is likely to put the authorities concerned in a fix. Although budgetary alloc...

BSEC extends timeframe for provisioning against unrealised losses

BSEC extends timeframe for provisioning against unrealised losses

FE REPORT 2020-07-18 10:52:26

The securities regulator has extended the timeframe for keeping provision against unrealised losses in accounts of the stock dealer, stockbrokers, and merchant banks' own and their client portfolios u...

Weekly review: Stocks stay positive despite sell-offs

Weekly review: Stocks stay positive despite sell-offs

FE REPORT 2020-07-18 10:43:26

Stocks kept the positive trend for the fourth straight week that ended on Thursday despite the last four sessions of the week witnessed profit booking sell-offs. The week featured five trading sessio...

Foreign funds in stocks keep falling amid bearish mkt

Foreign funds in stocks keep falling amid bearish mkt

Babul Barman 2020-07-18 10:31:44

Net foreign investment in the Dhaka bourse has been on a downward trend for the last 14 straight months as the overseas investors continued to pull out their fund amid prolonged bearish market trend....

Rewriting forex rules gains pace

Rewriting forex rules gains pace

JASIM UDDIN HAROON 2020-07-18 10:07:44

The government has expedited the process of replacing more than 70-year-old foreign exchange regulations in order to attract investments while improving the ease of doing business. The foreign exch...

Adopt action plan for four SoCBs to meet capital shortfalls

Adopt action plan for four SoCBs to meet capital shortfalls

REZAUL KARIM 2020-07-18 09:39:08

Bangladesh Bank (BB) has suggested the government adopt time-bound action plan for four state-owned commercial banks (SoCBs) to meet their existing capital shortfalls and make them operationally sound...

BSEC body to investigate unusual transactions of Beacon Pharma, Central Pharma

BSEC body to investigate unusual transactions of Beacon Pharma, Central Pharma

FE Report 2020-07-17 10:13:41

The securities regulator has formed a two-member committee to look into the unusual transactions of the shares of two listed pharmaceuticals companies. The companies are Beacon Pharmaceuticals and Ce...

Kattali Textile, brokerage firm, individuals to face music

Kattali Textile, brokerage firm, individuals to face music

FE Report 2020-07-17 10:05:54

The securities regulator has imposed an aggregate amount of penalty worth Tk84 million on a listed company, a brokerage firm and some individuals for misuse of IPO fund and manipulating share price....

Economic activities could lose steam: BB

Economic activities could lose steam: BB

SIDDIQUE ISLAM 2020-07-17 09:19:41

The central bank has predicted domestic economic activities are likely to lose momentum in near future as side-effects of the shutdowns and slower growth in foreign trade. "The ordered implementation...

ICT-driven PPP to fight Covid-19

ICT-driven PPP to fight Covid-19

FE Online Desk 2020-07-16 20:32:35

As COVID-19 cases surge throughout the nation, it is imperative for Bangladesh to utilize ICT in the healthcare system to stave off the challenges posed by a catastrophe. The ICT Division of the Gove...

Govt fixes $48.0b export target for current fiscal

Govt fixes $48.0b export target for current fiscal

-- 2020-07-16 18:18:09

Commerce Minister Tipu Munshi on Thursday said that the government has fixed $48.0 billion export target for the current fiscal year 2020-2021. “$41.0 billion has been fixed for goods export se...

Stocks extend losses as virus fear grips markets

Stocks extend losses as virus fear grips markets

FE ONLINE REPORT 2020-07-16 16:25:21

Stocks extended the losing streak for the fourth straight session on Thursday as investors mostly remained watchful amid ongoing virus fears. The market opened on a downward trend and continued the t...

Stocks fall amid virus uncertainty

Stocks fall amid virus uncertainty

FE ONLINE REPORT 2020-07-16 11:24:54

Stocks witnessed downward trend in early trading on Thursday as investors mostly followed cautious stance amid static virus situation. Within 30 minutes of trading, DSEX lost more than 7.0 points whi...

Two more insurers declare dividend

Two more insurers declare dividend

FE ONLINE REPORT 2020-07-16 10:56:55

The board of two more insurance companies – Rupali Insurance and City General Insurance - have recommended dividend for the year ended on December 31, 2019. Rupali Insurance: The board of direc...

Bangladesh a promising IT hub: Oracle exec

Bangladesh a promising IT hub: Oracle exec

FE REPORT 2020-07-16 10:18:06

Bangladesh is a promising market for the latest global innovations on information technology, Oracle ASEAN and SAGE regional managing director Cherian Varghese said. "Seeing the prospects here, we've...

BSEC to help boost startup and venture capital ecosystem

BSEC to help boost startup and venture capital ecosystem

FE DESK REPORT 2020-07-16 09:52:29

A delegation from Venture Capital and Private Equity Association of Bangladesh (VCPEAB) led by Shameem Ahsan, Chairman of VCPEAB and General Partner of Pegasus Tech Ventures (former Fenox Venture Capi...

Alternative Trading Board to 'woo new investors'

Alternative Trading Board to 'woo new investors'

FE Report 2020-07-16 09:44:29

Stock exchanges will have to play an active role to ensure the vibrant operations of Alternative Trading Board (ATB) launched to facilitate the growth of non-listed companies and other securities....