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The Financial Express

Search results for: Bangla

BB strengthens forex support to banks, sells $55m

BB strengthens forex support to banks, sells $55m

FE Report 2018-03-13 10:11:27

The central bank has strengthened its foreign currency support to the commercial banks to settle their import payment obligations, particularly for fuel oils, officials said. As part of the move, the...

Budget for FY19 to be placed on June 7

Budget for FY19 to be placed on June 7

-- 2018-03-12 21:15:26

Finance Minister Abul Maal Abdul Muhith on Monday said the next national budget will be placed before the parliament on June 7. He also hinted that the next budget will be of Tk 4.75 trillion. The...

VAT collection under LTU marks 30pc rise in Feb

VAT collection under LTU marks 30pc rise in Feb

-- 2018-03-12 20:09:29

Revenue collection under the Large Taxpayer Unit (LTU) of Value Added Tax (VAT) witnessed a 30 per cent growth in February of the current fiscal (FY18). LTU collection in February of FY18 was Tk 35.6...

Govt realises Tk 3.88b income tax in Rajshahi till Feb

Govt realises Tk 3.88b income tax in Rajshahi till Feb

-- 2018-03-12 14:28:48

The government has realised income taxes of Tk 3.88 billion in the first eight months of the current 2017-18 fiscal year in Rajshahi zone, more than Tk 1.00 billion in the same time of the previous fi...

DSE witness another fall

DSE witness another fall

FE Online Report 2018-03-12 12:56:25

The Dhaka stocks displayed another free fall in early hour of Monday’s session amid liquidity ‘crisis’ and investors’ shaky confidence. The market started the session positive...

IPO road show of Baraka Patenga Power March 28

IPO road show of Baraka Patenga Power March 28

FE Online Desk 2018-03-12 12:52:07

A road show for IPO of Baraka Patenga Power Limited will be held on March 28 at International Convention Centre Bashundhara in the city. Bangladesh Power Development Board (BPDB) earlier issued a Let...

Bangladesh, Singapore ink MoUs on air service, PPP

Bangladesh, Singapore ink MoUs on air service, PPP

-- 2018-03-12 11:54:52

Bangladesh has signed two Memorandum of Understanding (MoUs) on air service and public private partnership (PPP) with Singapore. The MoU was signed on Monday at the Istana, office of the President of...

Govt doles out Tk 20b  to recapitalise banks

Govt doles out Tk 20b to recapitalise banks

Rezaul Karim 2018-03-12 00:27:36

The government will give Tk 20 billion in a latest dollop to state-run banks to meet their capital shortfall, officials said, at a time when reports are rife on irregular big lending. The funds are s...

Muhith rules out ambitious target in next budget

Muhith rules out ambitious target in next budget

-- 2018-03-11 21:32:52

Finance Minister Abul Maal Abdul Muhith Sunday said there would be no ambitious target in the next national budget. He also said the budget size is likely to be in between Tk 4.60 trillion Tk 4.75 tr...

Businesses are too greedy: Muhith

Businesses are too greedy: Muhith

-- 2018-03-11 19:54:44

Finance Minister Abul Maal Abdul Muhith has termed Bangladesh’s businesses too greedy as 'they want to do business without taxes'. The finance minister made the allegation following a meeting w...

DSE witnesses sharp fall

DSE witnesses sharp fall

FE Report 2018-03-11 18:44:48

The Dhaka bourse closed the Sunday’s session with a sharp fall as investors’ participation in share trading declined significantly. The market started the session negatively and the decli...

Stocks decline amid low trading

Stocks decline amid low trading

FE Online Report 2018-03-11 12:00:17

The Dhaka bourse Sunday started the session with a declining mood amid investors’ less participation. After one hour session, the Dhaka Stock Exchange (DSE) displayed moderate loss in turnover...

Public subscription of VIPB Growth Fund begins today

Public subscription of VIPB Growth Fund begins today

FE Report 2018-03-11 11:42:49

The public subscription of VIPB Growth Fund, the second open-ended mutual fund of VIPB Asset Management starts today (Sunday). The investors will be able to purchase the units of the VIPB Growth Fund...

Stagnant private investment ‘poses a major challenge’

Stagnant private investment ‘poses a major challenge’

FE Report 2018-03-11 10:41:47

A "stagnant" state of private-sector investment as a ratio to GDP (gross domestic product) would stand as one of major challenges facing Bangladesh for smooth transition from the LDC status. Speakers...

Economists fret as money supply falls

Economists fret as money supply falls

Jasim Uddin Haroon 2018-03-11 10:14:59

Growth of "broad money" continues to decelerate in the country that implies that the money supply to the economy is gradually contracting as the government tightens the purse strings, sources said. E...

Govt mulls new farm policy to boost food production

Govt mulls new farm policy to boost food production

-- 2018-03-10 19:04:34

Every year up to two million people add up to Bangladesh’s 165 million population. To feed the yearly add-on, an additional 500,000 metric tons (MT) of food is required to produce. With the cu...

Weekly analysis: Stocks extend losses for third straight week

Weekly analysis: Stocks extend losses for third straight week

Babul Barman 2018-03-10 10:22:23

Stocks saw yet another bearish week, extending the losing streak for the third straight week, as investors remained mostly inactive to make fresh investment in stocks. Analysts said the bearish trend...

BCIC incurs Tk 3.9b in loss for gas shortage

BCIC incurs Tk 3.9b in loss for gas shortage

Jubair Hasan 2018-03-10 10:12:57

Bangladesh Chemical Industries Corporation (BCIC) is in a fix for witnessing a massive loss to the tune of Tk 3.9 billion after making profits in the recent years, said officials concerned. The offic...

Muhith still not convinced of Chinese consortium’s bid

Muhith still not convinced of Chinese consortium’s bid

Syful Islam 2018-03-10 09:55:01

Finance Minister AMA Muhith has again expressed his subtle opposition to the Dhaka Stock Exchange (DSE)'s stance on the Chinese consortium's offer to become its strategic partner. "It happens that fi...

Gas crisis hits industries, kitchens, CNG filling stations hard

Gas crisis hits industries, kitchens, CNG filling stations hard

FE Report 2018-03-10 09:47:15

Daily life becomes a misery in many parts of the capital for severe fall in pressure of the piped gas supply to households, city-dwellers lament, as they count an extra cost of living. Officials in t...

Sonali Bank seeks Tk 60b bailout urgently

Sonali Bank seeks Tk 60b bailout urgently

Rezaul Karim 2018-03-10 09:22:02

The state-owned Sonali Bank has sought guarantee worth Tk 60 billion from the government to meet its huge capital shortfall urgently, officials said. According to data available until September, Sona...

Ratio of direct green finance declines

Ratio of direct green finance declines

FE Online Report 2018-03-10 00:00:00

The ratio of direct green finance to total green finance by banks and financial institutions declined in the past year, according to latest central bank statistics. It showed that the ratio of direct...

CAPM discloses NAV of three MFs

CAPM discloses NAV of three MFs

FE Online Desk 2018-03-09 11:42:01

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM IBBL Islamic Mutual Fund. The total NAV of CAPM IBBL Islamic Mutual Fund stood at Tk. 668,909,421.01 on the basis of cost price and...

DSE strategic partnership: Regulator extends deal deadline

DSE strategic partnership: Regulator extends deal deadline

FE Report 2018-03-09 11:25:58

The securities regulator extended Thursday the deadline by three months for signing share sale agreement (SSA) between Dhaka Stock Exchange (DSE) and its strategic partner-a Chinese consortium of Sh...

CPD public dialogue on BD's graduation from  LDC Saturday

CPD public dialogue on BD's graduation from LDC Saturday

FE Online Desk 2018-03-09 11:16:26

A public dialogue titled 'Bangladesh’s Graduation from the LDC Group: Pitfalls and Promises' will be held Saturday in the city. The Centre for Policy Dialogue (CPD) organised the event , said...

Forex reserve slips below $32b

Forex reserve slips below $32b

Siddique Islam 2018-03-09 11:08:01

Country's foreign exchange reserves slipped below US$ 32 billion after more than two months due to highest-ever import payments settled bi-monthly with Asian Clearing Union (ACU). It paid $1.56 bil...

BD state-owned banks prone to sizeable liability risk: Moody's

BD state-owned banks prone to sizeable liability risk: Moody's

-- 2018-03-09 09:50:12

Bangladesh's banking sector risk has been assessed as 'moderate' by the international credit rating agency Moody's, which said it reflects sizeable contingent liability risks from state-owned banks....

IMF for market-based pricing of savings tools

IMF for market-based pricing of savings tools

FE Report 2018-03-09 09:29:01

The visiting International Monetary Fund (IMF) mission suggested tighter eligibility criteria and move towards market-based pricing to reduce reliance on national savings certificates, help strengthen...

DSE turnover hits fresh 20-month low

DSE turnover hits fresh 20-month low

FE Online Report 2018-03-08 16:28:21

Turnover on the Dhaka Stock Exchange (DSE) slipped to Tk 2.74 billion on Thursday, the lowest level in more than 20 months, as investors were mostly inactive amid persistent liquidity shortage. The...

DBH recommends 30pc dividend

DBH recommends 30pc dividend

FE Online Report 2018-03-08 13:55:30

The Board of Directors of Delta Brac Housing Finance Corporation Limited (DBH) has recommended 30 per cent cash dividend for the year ended on December 31, 2017. The final approval of the dividend wi...