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The Financial Express

Search results for: bangladesh

Market controlling mechanism: Is it a boon or a bane?

Market controlling mechanism: Is it a boon or a bane?

MOHAMMAD MUFAZZAL 2022-11-13 09:45:31

Regulatory measures have become frequent phenomena for the capital market since March 2020, either to prevent it from cascading down or to keep it upbeat, but experts say such interventions do not hav...

Healthcare Pharma launches Eli Lilly’s new diabetes drug in Bangladesh

Healthcare Pharma launches Eli Lilly’s new diabetes drug in Bangladesh

FE ONLINE REPORT 2022-11-12 20:12:35

Healthcare Pharmaceuticals Ltd, one of the largest pharmaceutical companies in Bangladesh, has launched Eli Lilly & Company’s Humalog® 200 for diabetes treatment in Bangladesh. Humalog&...

‘Despite Tk 20b credit guarantee, only Tk 1.92b loan disbursed to CMSMEs’

‘Despite Tk 20b credit guarantee, only Tk 1.92b loan disbursed to CMSMEs’

-- 2022-11-12 17:37:18

Bangladesh Bank's deputy governor Abu Farah Md. Nasser has said despite having a credit guarantee scheme of Tk 20 billion for cottage, micro, small, and medium enterprises (CMSME), loans of only Tk 1....

Stocks back in the red as traders weigh earnings

Stocks back in the red as traders weigh earnings

FE REPORT 2022-11-12 10:52:06

The stock market returned to the red this week, eroding prior week gains, as wary investors dumped their holdings of major sector shares amid increasingly gloomy and uncertain economic outlook. Moreo...

Beximco Pharma's profit drops in Q1 even as revenue up

Beximco Pharma's profit drops in Q1 even as revenue up

BABUL BARMAN 2022-11-12 10:42:44

Beximco Pharmaceuticals witnessed a 4.7 per cent drop in net profit in the first quarter (Q1) of the current financial year on the back of higher raw materials costs and sharp depreciation of local cu...

BD-Japan ties at 50: Prospects of trade, investment in focus

BD-Japan ties at 50: Prospects of trade, investment in focus

FE REPORT 2022-11-12 10:11:38

Foreign minister AK Abdul Momen said although the diplomatic relationship between Bangladesh and Japan has reached 50 years, the two friendly countries are still to exploit their true potential. He s...

Broad money growth gets stymied

Broad money growth gets stymied

JASIM UDDIN HAROON 2022-11-12 08:49:34

Growth in broad money that includes physical currency, some sorts of deposits in banks and very liquid securities gets stymied significantly as Bangladesh tightens belt to navigate a feared oncoming w...

Mapping right policies imperative

Mapping right policies imperative

FE REPORT 2022-11-11 11:25:27

Apart from managing finances from different sources, mapping and implementing the right combination of policies are imperative to restore macroeconomic stability in Bangladesh, Dr Ahsan H Mansur said...

New Robi CEO for continuity of telecom policies

New Robi CEO for continuity of telecom policies

FE REPORT 2022-11-11 11:05:53

Newly appointed Robi Axiata Chief Executive Officer (CEO) Rajeev Sethi wants continuity of policies in the country's telecom sector. "We seek continuity from the telecom regulator; nobody likes uncer...

Pharma Aids' profit drops 31pc in FY22

Pharma Aids' profit drops 31pc in FY22

FE REPORT 2022-11-11 10:00:38

Pharma Aids, the pioneer ampoules manufacturer in Bangladesh, has reported a 31 per cent decline in profit in the fiscal 2021-22, compared to the previous fiscal year, mainly for deferred tax expenses...

Pain of growth: Cement makers have to pay for unused capacity

Pain of growth: Cement makers have to pay for unused capacity

MOHAMMAD MUFAZZAL 2022-11-11 08:52:10

The capacity expansion of the cement industry since 2008 far outstripped demand leaving a significant part of it sitting idle to the cost of profit. The industry's production capacity rose an astonis...

Momen seeks Brazilian investment in energy, infrastructure, ICT sectors

Momen seeks Brazilian investment in energy, infrastructure, ICT sectors

-- 2022-11-10 16:44:21

Foreign Minister Dr AK Abdul Momen has invited Brazilian investors to invest in the energy, infrastructure and ICT sectors in Bangladesh. He said Bangladesh is the largest manufacturing hub in the re...

Stocks open higher after three-day slump

Stocks open higher after three-day slump

FE ONLINE REPORT 2022-11-10 11:18:50

Stocks opened higher on Thursday, after three-day fall, as the bargain showed their buying binge on sector-wise issues. The news that the International Monetary Fund (IMF) agreed to give a total $4.5...

Eastern Cables returns to profit after losses in 19 quarters

Eastern Cables returns to profit after losses in 19 quarters

BABUL BARMAN 2022-11-10 09:33:34

Eastern Cables, the state-run wire maker, reported to have gained a profit of Tk 8.98 million in the fiscal year 2021-22, even after incurring losses in the first three quarters amounting to Tk 56 mil...

IMF agrees to lend BD $4.5b

IMF agrees to lend BD $4.5b

SYFUL ISLAM 2022-11-10 09:02:33

The International Monetary Fund (IMF) agrees to lend Bangladesh US$4.5 billion to help replenish its foreign-currency reserves, weighed down by high global inflation, in a package that includes wide-s...

IMF loan to lessen economic shocks: Economists

IMF loan to lessen economic shocks: Economists

FHM HUMAYAN KABIR 2022-11-10 08:49:31

Economists see the IMF nod regarding a US$4.5 billion worth of budget support as positive in coping with Bangladesh's prevailing economic shocks. They also observed the IMF's willingness -- expressed...

Bangladesh, IMF reach initial deal for $4.5b loans

Bangladesh, IMF reach initial deal for $4.5b loans

-- 2022-11-09 16:17:31

Bangladesh and the International Monetary Fund (IMF) have reached a staff-level agreement that would see the country receive a total $4.5 billion in loan support amid global economic uncertainty due t...

Eastern Cables returns to profit after four years

Eastern Cables returns to profit after four years

FE ONLINE REPORT 2022-11-09 11:35:09

Eastern Cables, the state-run wire maker, returned to profit in the fiscal year 2021-22 after suffering losses in the past four fiscal years. The cable manufacturer raked a profit of Tk 8.98 mil...

Bourses open lower amid volatile trading

Bourses open lower amid volatile trading

FE ONLINE REPORT    2022-11-09 10:54:55

Stocks opened marginally lower on Wednesday as the shaky investors continued their sell-off in the major sector issues amid dismal earnings disclosure from most of the companies. Following the p...

Meghna Cement makes a turnaround gaining profit of Tk 55.87m in FY22

Meghna Cement makes a turnaround gaining profit of Tk 55.87m in FY22

BABUL BARMAN 2022-11-09 10:32:41

Meghna Cement Mills, a concern of Bashundhara Group, gained Tk 55.87 million in profit in the fiscal 2021-22 ended in June, a turnaround from Covid-induced losses the year before. As a result, earnin...

BBS data shows inflation further down in Oct

BBS data shows inflation further down in Oct

FE REPORT 2022-11-09 09:25:12

The rate of inflation (point-to-point) dropped further by 0.19 per cent to 8.91 per cent for the second consecutive month in October 2022 thanks to a fall in food prices in the domestic market. In Se...

EDF dollar loan made costlier

EDF dollar loan made costlier

FE REPORT 2022-11-09 09:16:18

The central bank of Bangladesh again raised the interest rate on a dollar loan from the EDF for manufacturers of exportable apparel, in an apparent measure to buttress the country's forex reserves. C...

Bangladesh changes stock trading hours after new government office time

Bangladesh changes stock trading hours after new government office time

-- 2022-11-08 20:47:09

Bangladesh Securities and Exchange Commission (BSEC) has revised the capital market transaction hours following the new government office timings, reports bdnews24.com. The capital market will now re...

BB raises interest rate for loans from Export Development Fund

BB raises interest rate for loans from Export Development Fund

-- 2022-11-08 19:10:22

Bangladesh Bank has raised the rate of interest on loans from the Export Development Fund by 1.0 percentage point to 4.0 per cent. The central bank also raised the rate of interest on borrowings from...

Bangladesh inflation slips below 9pc in October

Bangladesh inflation slips below 9pc in October

-- 2022-11-08 16:46:21

Planning Minister MA Mannan has said that overall inflation edged down to 8.91 per cent on a point-to-point basis in October and hoped it would maintain the downward trend in the coming days. Meanwhi...

Foreign investors continue share selling spree

Foreign investors continue share selling spree

FE REPORT 2022-11-08 11:38:04

Foreign investors continued selling shares in the last two months, dismayed by local currency depreciation among other reasons. Sales of shares surpassed the volume purchased during the period. Acco...

Stocks open higher after IMF-BSEC meeting

Stocks open higher after IMF-BSEC meeting

FE ONLINE REPORT 2022-11-08 11:09:10

Stocks open higher on Tuesday, after a single-day break, as the bargain hunters showed their buying binge in sector-wise issues. The market opened higher a day after a meeting was held between Intern...

Walton gets severe blow in July-Sept as consumers' purchasing power erodes

Walton gets severe blow in July-Sept as consumers' purchasing power erodes

BABUL BARMAN 2022-11-08 10:31:46

Walton Hi-Tech Industries PLC, the most valued local company in terms of market capitalisation, went into the red in the first quarter of the fiscal 2022-23, ended in September, for costlier raw mater...

REIT draft rules to be finalised soon

REIT draft rules to be finalised soon

FE REPORT 2022-11-08 10:28:22

The draft rules for the Real Estate Investment Trust (REIT) are set to be finalised soon by the securities regulator - to create an opportunity for general people to get dividends from the real-estate...

NSSS implementation makes little progress

NSSS implementation makes little progress

FE REPORT 2022-11-08 10:24:16

The implementation of the National Social Security Strategy (NSSS) has made little progress since its formulation in 2015 mainly because of inadequate and weak institutional capacities and lack of awa...