Search results for: Bangladesh

Monno Ceramic tops DSE turnover chart this week

FE REPORT 2022-12-24 09:09:06

The ten most-traded companies accounted for one-third of transactions on the Dhaka Stock Exchange (DSE) this week, with Monno Ceramic Industries dominating the turnover chart. Market operators said t...

Big push for local units' renewable energy use, efficiency

FE REPORT 2022-12-24 08:57:12

The German KfW Development Bank will provide Euro 181.5 million in assistance to Bangladesh for increasing energy efficiency in local industries and developing renewable-energy sources here. The KfW...

DSE records lowest trade in 2.5 years after partial removal of floor

FE REPORT 2022-12-23 09:04:24

The daily trade turnover on the Dhaka Stock Exchange (DSE) tumbled to a 29-month low on Thursday despite the fact that the securities regulator partially relaxed floor prices. The Bangladesh Securiti...

Price restriction is to "serve big investors"

Mohammad Mufazzal 2022-12-23 09:03:05

The prime bourse recorded the lowest turnover on Thursday in more than two and a half years just the day after the regulator lifted the floor price restriction for 169 stocks. If inflation is taken...

GPH Ispat in the red for first time for foreign loan, currency shock

FE REPORT 2022-12-23 09:02:11

GPH Ispat Limited reported losses for the first quarter (Q1) ended in September 2022 for the first time since its listing on the bourses owing to costlier raw materials and exchange losses in foreign...

Labour market recovery: Structural issues, slow tech progress, skill gap main hurdles

FE REPORT 2022-12-23 09:00:37

Economists and stakeholders said structural issues of domestic labour market, slow technological advancement, skill gap between employment and academia, lack of soft and interpersonal skills, and dece...

ADP execution way down the mark

FHM HUMAYAN KABIR 2022-12-23 08:46:54

Tightening belts to weather a bad time amid a global crunch drove down development-programme implementation in Bangladesh as the rate was only 18.41 per cent in the first five months of this fiscal, o...

Yeakin Polymer may return to full production after ownership change

FE REPORT 2022-12-22 12:06:02

Yeakin Polymer is likely to return to full-scale production after the change of ownership already approved by the regulator in May. Its business collapsed just two years after it raised Tk 200 millio...

Saudi Arabia says 'no' to Bangladesh request for customs duty exemption

REZAUL KARIM 2022-12-22 09:43:00

The Kingdom of Saudi Arabia (KSA) has declined to provide any exemption from customs duties to Bangladeshi products due to a unified customs tariff system of Gulf countries. Bangladesh requested the...

Quarterly GDP data likely from next FY

FHM HUMAYAN KABIR 2022-12-22 08:32:55

The Bangladesh Bureau of Statistics (BBS) is likely to publish quarterly GDP data from next fiscal year (FY), 2023-24, by incorporating household activities, as it is working to build capacity of the...

BSEC withdraws floor price of 169 listed companies

FE ONLINE DESK 2022-12-21 19:00:23

Bangladesh Securities and Exchange Commission (BSEC) has withdrawn the floor price of 169 listed companies, according to BSS. The stock market regulator informed the decision in an order issued on We...

Top dividend provider Reckitt Benckiser looks to overcome adversities soon

BABUL BARMAN 2022-12-21 09:16:28

Reckitt Benckiser says it will soon bounce back overcoming short-term challenges that caused its profit fall by 14 per cent year-on-year in the nine months through September. The multinational compan...

Next budget Tk 7.46t, GDP growth target set at 7.5pc

FE REPORT 2022-12-21 08:46:13

Resource mobilisation from both internal and external sources remains a key challenge for the government to finance a big new budget outlined Tuesday apace with Bangladesh's aspired economic growth, e...

Stocks' abnormal rise after relisting on main index

Mohammad Mufazzal 2022-12-20 09:06:01

Three out of four companies have showed surprising performance in the Dhaka Stock Exchange after their transfer from the Over-the-Counter market in June last year. Representatives of the companies...

Libra Infusions declares losses in 2-year pending quarterly reports

FE REPORT 2022-12-20 09:05:11

Libra Infusions' losses widened 23 per cent year-on-year in the nine months through March 2021 as the company published pending quarterly results on Monday. It has reported a loss of Tk 6.44 per shar...

Adjusting banks' capital market overexposure: BB extends time until Dec 2023

FE REPORT 2022-12-20 08:57:52

The Bangladesh Bank (BB) has extended the timeframe by one more year to bring the commercial banks' overexposure limit on the capital market to the permissible level. The central bank's Department of...

Austerity, scarce project- aid matching funds squeeze ADP

FHM HUMAYAN KABIR 2022-12-20 08:54:33

Tightfisted spending for scarce funds amid global crisis squeezes Bangladesh's Annual Development Programme in the current fiscal as many public agencies seek smaller amounts than their project- aid...

Resource raising ineptitude increasing public debts

FE REPORT 2022-12-20 08:47:59

Resource-raising ineptitude is resulting in the ballooning of public debts and squeezing people's-welfare spending, economists and experts said Monday and stressed narrowing Bangladesh's wide tax-GDP...

RMG export to EU witnesses 16.27pc growth during July-Nov

-- 2022-12-19 19:58:46

The export of RMG items to the European Union (EU) has witnessed 16.27 per cent growth during the July-November period of this year compared to the same period last year.  As per the statistics...

Bangladesh Bank creates fund to utilise undisbursed portion of farm loans

-- 2022-12-19 19:51:37

Bangladesh Bank (BB) has taken a decision to form a fund, titled Bangladesh Bank Agricultural Development Common Fund (BBADCF), for increasing farm production. Under the initiative, banks would depos...

FBCCI keen to enhance bilateral trade relations with Mozambique 

-- 2022-12-19 19:50:04

The FBCCI Senior Vice President Mostofa Azad Chowdhury has said the federation is looking to enhance bilateral trade relations and investment opportunities between Bangladesh and Mozambique.  &l...

Process underway to sign manpower export MoUs with Croatia, Serbia: Minister

-- 2022-12-19 17:34:55

Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad has said a process continues to sign memorandum of understanding (MoUs) with several European countries including Croatia and Se...

SME stocks plunging since October despite generous dividends

BABUL BARMAN 2022-12-19 09:04:22

A majority of the companies listed with the SME board plunged since the first week of October, driving down the index by 23 per cent or 373 points to 1,277. Interestingly, the decline coincided with...

Asiatic Laboratories eyes to float IPO in Jan

FE REPORT 2022-12-19 09:01:05

Asiatic Laboratories is all set to float the first IPO of 2023, giving individual investors an opportunity to buy its primary shares at a 60 per cent discount to the price fixed for eligible investors...

Next budget size likely Tk 7.5t

FE REPORT 2022-12-19 08:38:16

With sights set on the upcoming general election, the government may target a larger annual budget for the next fiscal year as a coordination council on fiscal and monetary matters, and currency excha...

Loans won’t be considered ‘at risk of default’ if 50pc instalment paid by Dec: BB

-- 2022-12-18 18:25:41

Bangladesh Bank has allowed deferred payment, half of the instalment of the term loan (industrial loan) for the last quarter (October-December) of this year – to reduce classified loan volume....

Scam-hit FAS Finance searches for new investors to make a comeback

MOHAMMAD MUFAZZAL 2022-12-18 10:20:19

More than a year after the restructuring of the board of directors, scam-hit FAS Finance and Investment is yet to become functional again. Overburdened with loss and bad loans, it is in another uphil...

Export of services earning substantial forex

FHM Humayan Kabir 2022-12-18 08:59:24

Bangladesh's services sector sustains increased export earnings even during this global economic crisis as it posted 6.12-percent growth in the first quarter of the current fiscal, official data show,...

'China now largest FDI source of BD'

FE REPORT 2022-12-18 08:52:48

China has become the largest FDI (foreign direct investment) source country of Bangladesh in terms of the gross flow of $940 million for fiscal year 2022. It has also ranked top in foreign investors...

Banking sector heading for 'deep trouble'

FE REPORT 2022-12-18 08:47:44

Economists at a meet Saturday said the banking sector was heading for 'deep trouble' while the economy facing problems, leaving commoners in woes amid living-cost escalation. The Centre for Policy...