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The Financial Express

Search results for: bangladesh

'Covid-19 lockdowns spark socio-economic crises'

'Covid-19 lockdowns spark socio-economic crises'

FE REPORT 2023-01-12 13:36:51

Lockdowns imposed across the world during the peak times of Covid-19 pandemic resulted in many socio-economic crises, which now raises the question of worthiness of such strict measures, according to...

Big buys spending Tk 195.35b get go-ahead

Big buys spending Tk 195.35b get go-ahead

FE REPORT 2023-01-12 09:11:02

Bangladesh will buy 2.10 million tonnes of refined fuel oil from India and five other countries under a package of purchases approved Wednesday to meet demands in 2023. The Cabinet Committee on Gover...

Bangladesh to earn $5b from ICT sector by 2025, Palak hopes

Bangladesh to earn $5b from ICT sector by 2025, Palak hopes

-- 2023-01-11 21:29:37

State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak has said the country's export earnings will be five billion US dollars from the ICT sector along with huge employme...

World Bank lowers Bangladesh growth forecast further to 5.2pc

World Bank lowers Bangladesh growth forecast further to 5.2pc

-- 2023-01-11 11:21:40

The World Bank has cut Bangladesh’s economic growth forecast for the 2022-23 fiscal year further by a 0.9 percentage point to 5.2 per cent, due to a combination of factors -- elevated inflation,...

Economic zones create 50,000 jobs so far

Economic zones create 50,000 jobs so far

FE REPORT 2023-01-11 10:26:46

The economic zones (EZs) across the country have already created 50,000 jobs and will create more in near future as new industrial units are set to go into operations there, said Bangladesh Economic Z...

RN Spinning gets permission to merge with Samin Food

RN Spinning gets permission to merge with Samin Food

FE REPOR 2023-01-11 10:11:10

The High Court has granted the merger of publicly-listed RN Spinning Mills with non-listed Samin Food and Beverage Industries and Textile Mills, which is expected to help the former get back to produc...

DSE aims at listing of at least 20 securities to boost trades on ATB

DSE aims at listing of at least 20 securities to boost trades on ATB

MOHAMMAD MUFAZZAL 2023-01-11 10:09:08

The Dhaka Stock Exchange is looking to increase the number of securities listed on the newly-launched Alternative Trading Board to make it vibrant. In doing so, the main board of the stock market ins...

Half-yearly monetary policy too soon

Half-yearly monetary policy too soon

JASIM UDDIN HAROON 2023-01-11 08:53:31

Bangladesh's central bank is agog to launch the country's half-yearly monetary policy Sunday, while many targets last set for up to December have gone missing largely for global and local disarrays....

Taiwanese apparel maker to invest $17m in Bay EZ

Taiwanese apparel maker to invest $17m in Bay EZ

FE REPORT 2023-01-10 10:58:37

Makalot (BD) Ltd, a Taiwanese apparel maker, is set to invest $17 million to establish an industrial unit at a private economic zone (EZ) in Bangladesh. The factory is expected to create job opportun...

Corrupt practices that put strain on 17pc of stock market

Corrupt practices that put strain on 17pc of stock market

BABUL BARMAN 2023-01-10 09:55:49

As many as 66 stocks trade below the face value of Tk 10, 12 of them entering the list in the last one year. They account for as much as 17 per cent of the stock market, a large enough pie to keep th...

Sending workers to Japan rises

Sending workers to Japan rises

ARAFAT ARA 2023-01-10 08:54:34

Sending manpower from Bangladesh to Japan has increased significantly in recent years following demand from the employers of different sectors. The East Asian nation hired 180 workers as technical in...

DSE organises awareness programme to speed up trading of government securities

DSE organises awareness programme to speed up trading of government securities

FE ONLINE REPORT 2023-01-09 21:09:20

The Dhaka Stock Exchange (DSE) held an awareness programme on Monday titled “The basics of government securities and trading on the stock exchange platform” as part of a series of initiati...

Bangladesh working to implement IMF conditions to get $4.5b loan

Bangladesh working to implement IMF conditions to get $4.5b loan

-- 2023-01-09 19:56:43

Bangladesh government is working to gradually implement almost all conditions of the International Monetary Fund (IMF) to get a US$4.5 billion loan from the Washington-based lender, to meet the foreig...

British investors keen to invest in various sectors of Bangladesh

British investors keen to invest in various sectors of Bangladesh

-- 2023-01-09 19:29:17

British Prime Minister's trade envoy to Bangladesh Rushanara Ali, MP, has said that British investors are interested to invest in various sectors of Bangladesh. The British MP said this, while she me...

Index Agro forecasts double-digit growth this year, riding on rising demand

Index Agro forecasts double-digit growth this year, riding on rising demand

BABUL BARMAN 2023-01-09 09:32:45

Index Agro Industries foresees a double digit growth this year as well, supported by the increasing demand for eggs, meat and chicken. Its revenue rose 13.12 per cent year-on-year to Tk 4.14 bill...

Interest rate caps to continue

Interest rate caps to continue

FE REPORT 2023-01-09 08:45:32

Bangladesh Bank (BB) governor Abdur Rouf Talukder has hinted at the continuation of the interest-rate caps on term and working-capital loans, at least, for the next six months. "This is not the time...

BB simplifies documentary formalities of NRBs for opening Taka accounts

BB simplifies documentary formalities of NRBs for opening Taka accounts

-- 2023-01-08 19:17:53

Bangladesh Bank (BB) has simplified documentary formalities for opening Non-Resident Investor's Taka Accounts (NITAs). The Foreign Exchange Investment Department (FEID) issued a circular on Sunday an...

CSE revises Shariah Index, effective from Jan 22

CSE revises Shariah Index, effective from Jan 22

FE ONLINE REPORT 2023-01-08 18:53:25

The Chittagong Stock Exchange (CSE) has reviewed its Shariah --- an index comprised of Shariah-compliant stocks based on performance of the listed companies. The new index will come into effect from...

Matarbari will become regional hub in South-Asian economy: Experts

Matarbari will become regional hub in South-Asian economy: Experts

-- 2023-01-08 16:42:15

The government is constructing a deep seaport at Matarbari of Cox's Bazar to help the country handle growing volumes of exports and imports and ease the pressure on the country’s principal seapo...

Universal Financial Solutions appears to have committed another fraud of Tk 500m

Universal Financial Solutions appears to have committed another fraud of Tk 500m

MOHAMMAD MUFAZZAL 2023-01-08 09:42:59

The National Bank Limited (NBL) emerges as a victim of another financial fraud by asset manager Universal Financial Solutions (UFS) Equity Partners as it has failed to track down its investment of...

Losses from road accidents 1.5 pc of GDP last year: RSF

Losses from road accidents 1.5 pc of GDP last year: RSF

FE REPORT 2023-01-08 09:13:59

Road accidents caused a loss of Tk180.46 billion or over 1.5 per cent of the country's gross domestic product (GDP) in 2022, according to the Road Safety Foundation (RSF). The RSF, in its report find...

Govt agencies often take development projects sans due diligence

Govt agencies often take development projects sans due diligence

FHM Humayan Kabir 2023-01-08 09:10:42

Some government agencies often take up development projects without specifying the scope of work, designs and detailed cost breakdown that cause wastage of public money, insiders said on Saturday. La...

Salehuddin stresses visible steps to restore 'good governance' in banking sector

Salehuddin stresses visible steps to restore 'good governance' in banking sector

-- 2023-01-07 18:35:50

Former central bank Governor Dr Salehuddin Ahmed has urged the concerned authorities to make public all the initiatives and operations undertaken in the banking and financial sector of the country. H...

Pharma sector tops DSE turnover chart

Pharma sector tops DSE turnover chart

FE REPORT 2023-01-07 10:08:56

The ten most-traded companies accounted for almost 41 per cent transactions on the Dhaka Stock Exchange (DSE) in the first week of 2023, with pharmaceuticals sector dominating the turnover list. The...

CAs should prepare to embrace disruptive technologies

CAs should prepare to embrace disruptive technologies

FE Report 2023-01-07 09:05:24

The Chartered Accountant (CA) professionals should prepare to embrace the disruptive technologies so that they can play their desired roles in businesses and the national economy, speakers viewed at a...

New monetary stance inspires slim hopes for rate caps

New monetary stance inspires slim hopes for rate caps

JASIM UDDIN HAROON 2023-01-07 08:41:28

The central bank may launch its half-yearly monetary policy stances for Bangladesh for H2 of this fiscal year on January 15, amidst skepticism on its efficacy with capped interest regime in place. Th...

Bangladesh now 35th largest economy: Visual Capitalist

Bangladesh now 35th largest economy: Visual Capitalist

-- 2023-01-06 18:27:24

Bangladesh is now the 35th largest economy in the world, according to a report titled 'The Top Heavy Global Economy', published by 'Visual Capitalist'. Bangladesh and India were the only two South As...

Low turnover strips away 30pc tax revenue in July-Dec

Low turnover strips away 30pc tax revenue in July-Dec

BABUL BARMAN 2023-01-06 09:33:56

The government's tax revenue from the Dhaka Stock Exchange (DSE) dropped 30 per cent year-on-year to Tk 1,661 million in the first half of the current fiscal year, owing to a plunge in turnover. The...

Stock dividends of Aamra Net, Aamra Tech approved on "good prospects"

Stock dividends of Aamra Net, Aamra Tech approved on "good prospects"

FE REPORT 2023-01-06 09:31:51

Aamra Networks and Aamra Technologies received regulatory approval to issue stock dividends for the fiscal year 2022 based on their "good prospects". The concerns of Aamra Group will pay 5 per cent a...

Inflation, foreign debt affect economy

Inflation, foreign debt affect economy

FE REPORT 2023-01-06 08:51:31

Persistent higher inflationary pressures, rising cost of foreign borrowing and debt burden overshadow Bangladesh's economic rebound, the central bank says. In its latest available quarterly economi...