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The Financial Express

Search results for: Bangla

ICB AMCL posts net profit of Tk 531.1m in FY '22

ICB AMCL posts net profit of Tk 531.1m in FY '22

FE REPORT 2022-10-16 08:35:51

ICB Asset Management Company Ltd. (AMCL), a subsidiary of the Investment Corporation of Bangladesh (ICB), has earned a net profit of Tk 531.10 million for the year ended on June 30, 2022. The compa...

Negotiations on $4.5 billion IMF loan open soon

Negotiations on $4.5 billion IMF loan open soon

FE REPORT 2022-10-16 08:26:03

Negations on a US$4.5-billion budget-support credit Bangladesh seeks from the International Monetary Fund open soon as an IMF mission arrives here this week for a firsthand view of the country's credi...

Economic effect of real effective exchange rate

Economic effect of real effective exchange rate

JASIM UDDIN HAROON 2022-10-16 08:22:23

Bangladesh derives some gains from a downturn in the country's real effective exchange rate (REER) recently due to record inflation in its top trading partners that also erodes their currencies' value...

LafargeHolcim logs 21pc growth in EPS for Q3

LafargeHolcim logs 21pc growth in EPS for Q3

FE REPORT 2022-10-15 09:03:30

LafargeHolcim Bangladesh Ltd. (LHBL) has reported a 21 per cent growth in its EPS (earnings per share) for the July-September (Q3) period of 2022, compared to the same quarter in the previous year. F...

Sri Lanka to pay back $200m loan by March, says BB chief

Sri Lanka to pay back $200m loan by March, says BB chief

FE ONLINE DESK 2022-10-14 15:22:00

Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023. Abdur Rouf Talukder, governor of Bangladesh Bank, provided a positive outlo...

BSEC asks DSE to look into Orion Infusion price hike

BSEC asks DSE to look into Orion Infusion price hike

FE ONLINE REPORT 2022-10-14 10:04:29

The securities regulator has asked the Dhaka Stock Exchange (DSE) to probe into unusual hike in the price of Orion Infusion, which skyrocketed 986 per cent over the last three months. The share price...

Misuse of public funds-IV: Sops found in CI sheet, dry food, blanket buys

Misuse of public funds-IV: Sops found in CI sheet, dry food, blanket buys

FHM HUMAYAN KABIR 2022-10-14 08:46:03

Twelve jeeps and cars were purchased for monitoring work of a disaster-related project, but those went for private use by high-ups not involved with the task, an official audit finds among other wrong...

Bangladeshi manufacturers to join Dutch Design Week 2022

Bangladeshi manufacturers to join Dutch Design Week 2022

-- 2022-10-13 10:19:26

For the first time in Europe, Bangladeshi manufacturers and entrepreneurs will be present at the prestigious #DDW2022 in Eindhoven, Netherlands, reports UNB. Every year, hundreds of designers, inno...

MTB bond gets BSEC nod

MTB bond gets BSEC nod

FE REPORT 2022-10-13 10:12:21

The securities regulator has approved the proposed Tk 5.0-billion subordinated bond issuance of the Mutual Trust Bank (MTB). The Bangladesh Secu-rities and Exchange Commission (BSEC), at a meeting on...

Update rules to build robust startup ecosystem

Update rules to build robust startup ecosystem

FE REPORT 2022-10-13 10:11:03

Speakers at a webinar suggested updating the existing rules and regulations to build a robust startup ecosystem in the country. They also called for providing support for the start-ups, saying that...

BB instructs banks to tighten monitoring of cryptocurrency transactions

BB instructs banks to tighten monitoring of cryptocurrency transactions

FE ONLINE DESK 2022-10-13 08:33:50

Bangladesh Bank has once again directed authorities to monitor cryptocurrency transactions after finding that people are still using bank accounts for the buying and selling of Bitcoin and other v...

Packages of dos for bourse dev: Bets for big-budget institutional investors stressed

Packages of dos for bourse dev: Bets for big-budget institutional investors stressed

FE REPORT 2022-10-13 07:51:32

Stakeholders Wednesday stressed big-budget institutional investment for progress of the country's capital market, as PM’s adviser Salman F. Rahman said retail ones reigned on the bourses. "Our...

PM urges countrymen to take initiatives from now on to prevent famine

PM urges countrymen to take initiatives from now on to prevent famine

-- 2022-10-12 16:42:23

Prime Minister Sheikh Hasina has urged the countrymen to make all-out efforts so that Bangladesh can avert any situation like famine and food insufficiency due to the prolonged Russia-Ukraine conflict...

Misuse of public funds-II: Marauding through 12 projects with billions misspent

Misuse of public funds-II: Marauding through 12 projects with billions misspent

FHM HUMAYAN KABIR 2022-10-12 09:00:22

Huge funds from 12 development projects under Local Government Engineering Department (LGED) have been stashed aside through bending rules governing the country's financial discipline, insiders say....

Sights set on bond market for long-term financing

Sights set on bond market for long-term financing

FE REPORT 2022-10-12 08:54:15

Now the focus turns on bond market for long-term financing of trade and industries--amid a financial crunch at home and overseas-as a cutting-edge meet Tuesday stressed creating awareness about the fi...

Over-reliance on RMG to be major barrier to sustaining growth in next 10 years: Report

Over-reliance on RMG to be major barrier to sustaining growth in next 10 years: Report

DOULOT AKTER MALA 2022-10-12 08:49:59

The overdependence on apparel exports could be a major barrier to sustaining the country's economic growth in the next 10 years, according to a latest research report. The report, titled 'Bangladesh...

BB eases single borrower, large loan exposure limit clauses

BB eases single borrower, large loan exposure limit clauses

FE REPORT 2022-10-12 08:46:42

The Bangladesh Bank (BB) has relaxed conditions on single-borrower and large-loan-exposure limit in order to support industrial growth by ensuring competitive financing. "In case of credit facilities...

IMF predicts Bangladesh's GDP would grow by 6.0pc in FY23

IMF predicts Bangladesh's GDP would grow by 6.0pc in FY23

FE ONLINE DESK 2022-10-11 21:54:58

The International Monetary Fund has projected that Bangladesh's GDP would grow by 6.0 per cent in fiscal 2022-23. The latest World Economic Outlook, released on Tuesday by the fund, show Bangladesh w...

ECNEC approves six projects worth Tk 70.19 billion

ECNEC approves six projects worth Tk 70.19 billion

-- 2022-10-11 17:33:26

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved six projects involving an estimated cost of Tk 70.19 billion. After the ECNEC meeting on Tuesday, Planning Ministe...

BSEC awards 11 institutions for best performance as capital market stakeholders

BSEC awards 11 institutions for best performance as capital market stakeholders

-- 2022-10-11 16:51:52

The stock market regulatory body, Bangladesh Securities and Exchange Commission (BSEC), has awarded 11 institutions the ‘Golden Jubilee Award of Freedom’ for best performance as capital ma...

Inflation 9.52pc in August, 9.10pc in September: BBS

Inflation 9.52pc in August, 9.10pc in September: BBS

FE ONLINE DESK 2022-10-11 15:59:56

Bangladesh witnessed a record 9.52 per cent inflation rate in August, the highest in 135 months years, and 9.10 per cent in September, according to Bangladesh Bureau of Statistics (BBS) data. Plannin...

Trial trading of govt securities starts, but no trade executed

Trial trading of govt securities starts, but no trade executed

FE REPORT 2022-10-11 10:18:02

The trial trading of 250 government securities began on both the stock exchanges of the country on Monday. However, no trade was executed due to a complexity that barred the transfer of the sec...

Singer BD to invest $78m in N'ganj EZ

Singer BD to invest $78m in N'ganj EZ

FE Report 2022-10-11 08:42:20

Singer Bangladesh Limited will invest US$78 million in Bangladesh Special Economic Zone (EZ) in Araihazar, Narayanganj, as it formally launched construction of its product-manufacturing plant on Monda...

Stocks snap recent gaining streak with hefty losses

Stocks snap recent gaining streak with hefty losses

-- 2022-10-10 18:32:34

Bangladesh stocks snapped a recent gaining streak with hefty losses on Monday, the first day of trading after a long weekend, tempering early optimism stemming from the debut of treasury bonds and bil...

Bangladesh's machinery import plans weighed down by economic jitters

Bangladesh's machinery import plans weighed down by economic jitters

-- 2022-10-10 14:07:19

In the face of a volatile foreign exchange market, the tightening of import controls has put the brakes on the opening of letters of credit to ship in goods from abroad at the start of the fiscal year...

Bangladesh bourses open trading in treasury bonds

Bangladesh bourses open trading in treasury bonds

-- 2022-10-10 12:26:41

Bangladesh has started trading in government bonds and bills on a trial basis on the Dhaka and Chattogram stock exchanges. In the hour after trading began at 9:30 am on Monday, no transactions involvi...

Bangladesh set to adopt $230bn plan to mitigate impacts of climate change

Bangladesh set to adopt $230bn plan to mitigate impacts of climate change

-- 2022-10-09 15:09:08

The Ministry of Environment, Forest and Climate Change is set to adopt a plan to spend $230 billion over the next 27 years in an effort to save Bangladesh from the impacts of climate change, bdnews24....

159 complaints of investors addressed through CCAM in nine months

159 complaints of investors addressed through CCAM in nine months

FE REPORT 2022-10-09 09:58:31

As many as 159 complaints submitted online by investors have been addressed in the last nine months, according to the Bangladesh Securities and Exchange Commission (BSEC) data. The online Custo...

Uniform online platform for stock market entities from January

Uniform online platform for stock market entities from January

FE REPORT 2022-10-09 09:52:05

All entities of the stock market will come under a uniform online communication platform for reporting to the securities regulator on January 1, 2023. The Bangladesh Securities and Exchange Com...

New BB tools to assess banks' strengths

New BB tools to assess banks' strengths

JASIM UDDIN HAROON AND REZAUL KARIM 2022-10-09 08:40:05

The central bank is preparing a stress-testing mechanism that would help the banks better understand their financial strengths in the events of any macroeconomic shock in the country. It has taken...