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The Financial Express

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Bangladesh announces discovery of 28th gas field

Bangladesh announces discovery of 28th gas field

-- 2021-08-09 21:00:12

State-run Bangladesh Petroleum Exploration Company (BAPEX) has discovered a new gas field in the Sylhet region of the country. State Minister for Power, Energy and Mineral Resources Nasrul Hamid form...

Consumption-GDP ratio declines slightly in FY21

Consumption-GDP ratio declines slightly in FY21

FE ONLINE REPORT 2021-08-09 19:13:04

In the midst of the pandemic, consumption spending at the current price stood at Tk 22.83 trillion in the last fiscal year (FY21), according to the provisional estimation of the Bangladesh Bureau of S...

DSE sets fresh records as investors stay afloat

DSE sets fresh records as investors stay afloat

FE ONLINE REPORT 2021-08-09 17:04:44

Increased participation of buoyant investors pushed Dhaka Stock Exchange (DSE) to set six new records on Monday. The premier bourse continued to break its previous records as all three indices, marke...

Stocks nosedive at opening on BB decisions

Stocks nosedive at opening on BB decisions

FE ONLINE REPORT 2021-08-09 11:04:21

Stocks nosedived at the opening on Monday as risk-averse investors are dumping their holdings after setting records in the previous session. DSEX, the prime index of the Dhaka Stock Exchange (DSE),...

Ten companies  snare 18.79pc of total turnover

Ten companies snare 18.79pc of total turnover

FE REPORT 2021-08-09 10:50:47

Top 10 turnover leaders grabbed 18.79 per cent of total turnover featured by Dhaka Stock Exchange (DSE) last week. During the week, the premier bourse DSE conducted transactions for three sessions an...

Listed general insurers see higher profits in first half

Listed general insurers see higher profits in first half

BABUL BARMAN 2021-08-09 10:02:46

Listed general insurers have bagged higher profits in the first half (H1) of 2021 thanks to lowering agents commission, reduced net claim and reduction in operational costs. A total of 38 general i...

Food aid recommended as prices rise

Food aid recommended as prices rise

FE REPORT 2021-08-09 09:55:39

Fiscal aid transfer and food support are immediately required for underprivileged and disadvantaged group of people, as food prices increased significantly in fiscal year (FY) 2020-21 against reduct...

VAT evasions galore despite exemptions

VAT evasions galore despite exemptions

FE REPORT 2021-08-09 09:46:46

Tax intelligence unearthed five times higher VAT evasions, year on year, in the last fiscal year (FY 2020-21) despite pandemic-time exemptions. According to an official statement released by the VAT...

Interest rate of deposits will not be less than inflation, central bank says

Interest rate of deposits will not be less than inflation, central bank says

-- 2021-08-08 20:39:14

The Bangladesh Bank has instructed all banks not to fix the interest rate of the deposits below the inflation rate. “Livelihood of depositors and a part of other depositors depends on the inter...

Release of GDP estimates restores rules of business, says Debapriya

Release of GDP estimates restores rules of business, says Debapriya

FE Online Report 2021-08-08 18:07:54

As the Bangladesh Bureau of Statistics (BBS) finally released the estimate of Gross Domestic Product (GDP) and its components in the last week, a leading economist appreciated the move. “The ne...

Hefty growth in earnings per share of MNCs

Hefty growth in earnings per share of MNCs

FE REPORT 2021-08-08 08:54:37

Most of the listed multinational companies (MNCs) have registered hefty growth in EPS for January-June, 2021 compared to same period of the previous year. Some of the companies have said they saw r...

Petrobangla owes NBR Tk 213b VAT arrears

Petrobangla owes NBR Tk 213b VAT arrears

DOULOT AKTER MALA 2021-08-08 08:42:48

The state-owned Petrobangla has suspended the submission of monthly VAT (value-added tax) returns since December 2020. The oil and gas company owes Tk 213.18-billion VAT arrears to the National Boa...

Import duty on rice to be reduced to 15pc

Import duty on rice to be reduced to 15pc

FE REPORT 2021-08-08 08:28:29

The government has decided to cut the total import duty on rice in a bid to rein in prices of the staple in the local market. Following the instruction of the Prime Minister, the National Board of...

‘COVID-19 takes away 2.26m jobs, increases poverty by 9.0pc’

‘COVID-19 takes away 2.26m jobs, increases poverty by 9.0pc’

FE ONLINE REPORT 2021-08-07 21:50:44

Bangladesh’s economy has suffered a setback with 2.26 million jobs lost due to the COVID-19 pandemic, which has battered the world for over one a half years. Dhaka Chamber of Commerce & Ind...

Microloan disbursement rises sharply

Microloan disbursement rises sharply

FE REPORT 2021-08-07 10:44:13

Both the amount of loan disbursed by micro-finance institutions (MFIs) and the number of microcredit beneficiaries have risen significantly across the country. Some 746 MFIs have been registered with...

Industrial slump drags down GDP, agriculture saves economy

Industrial slump drags down GDP, agriculture saves economy

FHM HUMAYAN KABIR 2021-08-07 08:11:20

After more than a decade, Bangladesh's industrial growth collapsed in the fiscal year (FY) 2019-20 in line with the contraction of the country's total economic output during the year, analysts said Fr...

Bangladesh's growth put at 5.47pc last fiscal

Bangladesh's growth put at 5.47pc last fiscal

FHM HUMAYAN KABIR 2021-08-06 09:09:39

Bangladesh's GDP has plunged severely due to the Covid-19 in the fiscal year (FY) 2019-2020 as the country's gross domestic output expanded at the rate of 3.51 per cent, official data showed. The e...

Bangladesh Bank to mop up idle money

Bangladesh Bank to mop up idle money

SIDDIQUE ISLAM 2021-08-06 08:42:29

The central bank moves to mop up excess liquidity from the market as private credit squeeze for investment stagnation as against increased money supply bloated banking system. Economists also appre...

Stocks’ record breaking rally continues on DSE

Stocks’ record breaking rally continues on DSE

FE Online Report 2021-08-05 16:12:36

Dhaka stocks continued to break their previous records, as all three indices and market-cap of the prime bourse hit a new high on Tuesday. Market experts said stocks kept their record-breaking rall...

Stocks open higher to hit new high

Stocks open higher to hit new high

FE ONLINE REPORT 2021-08-05 10:45:03

Stocks opened higher on Thursday, with the key index of the prime bourse hitting a new high, as investors continued to put fresh bets on major stocks amid high expectations. DSEX, the prime index of...

NLI First MF declares record 17.50pc cash dividend

NLI First MF declares record 17.50pc cash dividend

FE ONLINE REPORT 2021-08-05 10:30:02

The Trustee Committee of NLI First Mutual Fund, a closed-end mutual fund, has declared a record 17.50 per cent cash dividend for the year ended on June 30, 2021. The record date is set on August 29...

Leading non-banking financial institutions record higher earnings per share

Leading non-banking financial institutions record higher earnings per share

BABUL BARMAN 2021-08-05 10:26:52

The country's leading listed non-banking financial institutions (NBFIs) bagged higher profits in the first half (H1) of 2021 thanks to lower cost of funds, suspension of loan classification and capita...

Five companies' stocks keep rising sans price sensitive information

Five companies' stocks keep rising sans price sensitive information

FE REPORT 2021-08-05 09:49:44

Five listed companies' stocks are witnessing unusual price hike and an increase in the volume of shares in recent weeks despite no undisclosed price sensitive information (PSI). The companies are Son...

Minister Kamal bins CPD suggestion for checking income source of remiters

Minister Kamal bins CPD suggestion for checking income source of remiters

FE REPORT 2021-08-05 09:16:41

Finance Minister AHM Mustafa Kamal laughed off a think-tank's strong plea for crosschecking the source of income of remitters who send over US$5,000 at a time, as a robust remittance inflow amid the g...

Bangladesh loses Chinese investment momentum

Bangladesh loses Chinese investment momentum

FHM HUMAYAN KABIR 2021-08-05 08:36:50

Chinese investment bound for new destinations following US-China trade spat bypasses Bangladesh for unattractive bait, analysts say. Vietnam, Bangladesh's inveterate competitor on the global apparel...

No money from stimulus package enters stock market, finance minister says

No money from stimulus package enters stock market, finance minister says

-- 2021-08-04 19:54:29

Finance Minister AHM Mustafa Kamal has said that remittances and undisclosed money have entered the stock market of the country. “But no money from government’s stimulus package went to t...

Bangladesh's trade in services gap stands at $3b

Bangladesh's trade in services gap stands at $3b

FE Online Report 2021-08-04 11:52:36

The country’s deficit in trade in services with the rest of the world stood at $3.01 billion in the last fiscal year (FY21). This gap records 17 per cent rise over the previous fiscal year's tr...

Market stakeholders urged not to make comments that create controversies

Market stakeholders urged not to make comments that create controversies

FE REPORT 2021-08-04 10:35:40

A commissioner of the securities regulator has urged the stakeholders to refrain from making 'illogical' and 'unnecessary' comments which generate debate in the stock market. The commissioner of the...

Bangladesh's trade deficit snowballing as imports far outstrip exports

Bangladesh's trade deficit snowballing as imports far outstrip exports

SIDDIQUE ISLAM 2021-08-04 08:55:51

Trade deficit of Bangladesh widened by nearly 28 per cent in the just-concluded fiscal year for higher import-payment pressure on the economy amid lower receipts from external trade, officials said....

Health ministry worst performer among top 10 budget recipients

Health ministry worst performer among top 10 budget recipients

FE REPORT 2021-08-04 08:31:51

The health ministry could spend only 58 per cent of the ADP allocation in the last fiscal year (FY), which was the worst among top 10 recipients of the development budget, officials said on Tuesday....