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The Financial Express

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Modhumoti Bank distributes foods among poor families

Modhumoti Bank distributes foods among poor families

FE Online Desk 2020-04-19 16:02:46

Modhumoti Bank Limited has come forward to serve the humanitarian cause in the situation of coronavirus epidemic. Under the CSR program, Modhumoti Bank Limited has been providing food items to helples...

Govt requests World Bank for early release of US$250m budget aid

Govt requests World Bank for early release of US$250m budget aid

FHM HumayanKabir 2020-04-19 08:51:00

The government has requested the World Bank, or WB, to disburse US$250 million as budgetary support within this fiscal from the $750 million the global lender had pledged to offer as development suppo...

Export earnings fall 18.29pc in March

Export earnings fall 18.29pc in March

FE Online Report 2020-04-18 15:17:38

The country’s single month merchandise shipments in March’20 witnessed 18.29 per cent negative growth to $2.73 billion US dollar, the lowest during the current fiscal year, according to da...

Market review: DSE core index rides on large-cap companies

Market review: DSE core index rides on large-cap companies

Mohammad Mufazzal 2020-04-18 08:59:24

Large cap companies having notable impact on key index played a pivotal role behind the rise of broad index which crossed 4000-point mark in five sessions conducted before the closure of DSE. The sha...

Govt asks importers to expedite import of essential items

Govt asks importers to expedite import of essential items

RezaulKarim 2020-04-18 08:54:22

The government has stepped up measurers for enhancing imports of key essential commodities to keep their supply and prices stable in the market during Ramadan which will start in late April, officia...

Move to save fisheries sector from pandemic fallout

Move to save fisheries sector from pandemic fallout

TALHA BIN HABIB 2020-04-17 17:13:12

The government has taken measures to save the country’s fisheries sector from the possible financial damages caused by the coronavirus pandemic, an official said. Under the move, the Ministry o...

Existing infrastructure not supportive to resume stock trading

Existing infrastructure not supportive to resume stock trading

Mohammad Mufazzal 2020-04-17 09:16:07

Existing infrastructures and limited banking service do not support the continuation of trading in the capital market amid ongoing lockdown enforced by the government to contain the spread of COVID-19...

87pc RMG workers received wages: BGMEA

87pc RMG workers received wages: BGMEA

FE Online Report 2020-04-16 16:29:39

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday claimed that about 87 per cent of its listed factory workers received March wages, the deadline for the same set by appar...

DSE market PE ratio hits 10-year low

DSE market PE ratio hits 10-year low

Babul Barman 2020-04-16 09:17:07

The overall market price-earnings ratio of Dhaka Stock Exchange reached rock bottom at 10.58, a 10 years low as of March 25 this year amid free-fall of stock prices. The ratio, which is the current m...

BB asks banks to waive interest on credit card bills due after Mar 15

BB asks banks to waive interest on credit card bills due after Mar 15

-- 2020-04-15 21:37:08

After late fee waiver, Bangladesh Bank has ordered all banks not to charge interest on credit card bills payable from Mar 15 to May 31 as the COVID-19 crisis drags on with a surge in number of cases....

Returnee migrants to get govt loans

Returnee migrants to get govt loans

-- 2020-04-15 18:08:50

The government on Tuesday said it will arrange loans for returnee migrant workers to enable them to pursue viable income activities, particularly in the agriculture sector. The loans, to be arranged...

IMF lowers Bangladesh's FY20 growth estimate to 2pc

IMF lowers Bangladesh's FY20 growth estimate to 2pc

-- 2020-04-15 14:15:56

The International Monetary Fund (IMF) has predicted that Bangladesh’s GDP growth would come down to 2 per cent in the current fiscal year (FY2019-2020) due to the global coronavirus pandemic. I...

Comprehensive steps necessary for smooth container handling at Ctg Port

Comprehensive steps necessary for smooth container handling at Ctg Port

-- 2020-04-14 20:02:44

Terming Chattogram Port as economic lifeline of the country, speakers at a meeting have underscored the need for comprehensive measures to ensure smooth delivery of containers in the port to protect t...

BB issues stimulus guideline for cottage, MSMEs

BB issues stimulus guideline for cottage, MSMEs

-- 2020-04-14 18:13:43

Bangladesh Bank (BB) has issued a guideline for the stimulus package of Tk 200.00 billion announced by the government for the cottage, micro, small and medium enterprises to boost production and to ov...

Bearish market: One-fourth issues below face value

Bearish market: One-fourth issues below face value

Babul Barman 2020-04-14 09:51:19

The year-long depressed capital market trend sent at least one-fourth issues below their face value of Tk 10 in the Dhaka Stock Exchange. According to DSE data, some 92 issues, including 35 mutual fu...

DSE looks into legal notice served by stock brokers

DSE looks into legal notice served by stock brokers

FE Report 2020-04-14 09:44:14

Dhaka Stock Exchange (DSE) has moved to look into the legal notice served by its brokers challenging the exchange's opinion already submitted on the draft rules formulated for issuing new TREC to th...

BD asks missions abroad to explore new chances

BD asks missions abroad to explore new chances

REZAUL KARIM 2020-04-14 09:20:26

The government has exhorted its missions abroad to explore new business opportunities in the wake of the COVID-19 pandemic, officials said. The missions may seek such prospects and give necessary rec...

Economists stress devising proper strategies, effective economic diplomacy

Economists stress devising proper strategies, effective economic diplomacy

-- 2020-04-13 22:14:16

As Bangladesh will see a sharp decline in export earnings following the suspension of all trade activities across the globe amid the coronavirus onslaught, economists have underscored need for devisin...

BB cuts interest rate on farm loans to 4pc under stimulus

BB cuts interest rate on farm loans to 4pc under stimulus

-- 2020-04-13 16:40:12

The lending rate for credit under the Tk 50.0 billion stimulus package for farmers has been revised down to 4 per cent from 5 per cent. Banks participating in the scheme will receive a refinancing be...

DSE Brokers serves legal notice to DSE board

DSE Brokers serves legal notice to DSE board

FE Online Report 2020-04-13 11:30:20

The DSE Brokers Association has sent a legal notice to the DSE board, claiming the bourse has given the consent to the draft rules on issuing new TREC licence ignoring the interest of the DSE members...

Closure of DSE puts mkt's reputation at stake

Closure of DSE puts mkt's reputation at stake

FE DESK REPORT 2020-04-13 09:41:51

An international institutional investor has demanded resumption of trading on Bangladesh's stock market. "The indefinite closure of the Dhaka Stock Exchange (DSE) and the Bangladesh SEC's circular in...

DSE director demands financial bailout package for bourse

DSE director demands financial bailout package for bourse

FE Report 2020-04-13 09:39:24

A director of Dhaka Stock Exchange (DSE) has demanded financial package along with waiving tax at source from brokerage commission. DSE director Minhaz Mannan Emon made the demand as the market recen...

WB makes grim economic forecast; Kamal disagrees

WB makes grim economic forecast; Kamal disagrees

 FE REPORT 2020-04-13 09:10:13

Bangladesh's economic growth will be between 2.0 and 3.0 per cent in the current fiscal in the aftermath of coronavirus pandemic, the World Bank has forecast. The WB has made the forecast on Banglade...

Mar-May RMG exports might fall by $5.0b

Mar-May RMG exports might fall by $5.0b

Monira Munni 2020-04-13 08:50:52

Apparel makers say export income from the country's readymade garment might decline by around US$5.0 billion between March and May due to the impact of pandemic. They feel that the $38.20 billion-exp...

SANEM suggests steps to make agriculture stimulus effective

SANEM suggests steps to make agriculture stimulus effective

FE Online Report 2020-04-12 21:28:03

Welcoming the government's announcement of Tk 50 billion stimulus package for agriculture sector, Dr Selim Raihan, executive director of SANEM suggested some steps to make the disbursement of the pack...

BB raises lending ceiling

BB raises lending ceiling

-- 2020-04-12 20:18:57

Bangladesh Bank has raised advance to deposit ratio (ADR) by 2.0 percentage points, enabling banks to lend more during the coronavirus lockdown. ADR, which measures loans as the percentage of deposit...

Sector-wise turnover: Pharma cos rule the roost

Sector-wise turnover: Pharma cos rule the roost

Mohammad Mufazzal 2020-04-12 09:32:45

The country's capital market was mainly driven by pharmaceuticals and chemicals sector in March following investors' increased participation in share transactions. On the trading sessions executed...

Company profile: GSK posts ever highest EPS in 2019

Company profile: GSK posts ever highest EPS in 2019

Babul Barman 2020-04-12 09:23:00

GlaxoSmithKline Bangladesh Ltd has posted the ever highest earnings per share in 2019 thanks to closure of its unprofitable pharmaceuticals business in Bangladesh. The UK-based pharmaceuticals giant...

Shutdown lands cos in trouble

Shutdown lands cos in trouble

DoulotAkter Mala 2020-04-12 08:40:21

Businesses are facing difficulties in submitting VAT returns due to country-wide shutdown induced by COVID-19 outbreak. The deadline for return is April 15, 2020. Staffers of many business houses...

‘20m people in informal sector need emergency fund’

‘20m people in informal sector need emergency fund’

-- 2020-04-11 21:16:32

Informal Sector Industry Skills Council (ISISC) has demanded an emergency fund for around 20 million people involved in informal sector in the wake of coronavirus outbreak. The council also urged the...