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The Financial Express

Search results for: Bangladesh

Bangladesh's 'slow legal system' still impedes FDI: US report

Bangladesh's 'slow legal system' still impedes FDI: US report

SAJIBUR RAHMAN 2020-10-19 10:09:28

A weak and slow legal system along with the lack of enforcement of regulations in Bangladesh is a major impediment to foreign direct investment (FDI), according to a new United States government repor...

BB makes investing in startups easier now

BB makes investing in startups easier now

FE REPORT 2020-10-19 09:52:06

The central bank on Sunday said the new 'risk weight' applicable to investing in 'alternative' investments will remain valid until September, 2022 beginning from the third quarter of this year. An...

Productivity to be 5.6pc by 2031

Productivity to be 5.6pc by 2031

-- 2020-10-18 19:26:47

The government has set a target of increasing productivity in all sectors to 5.6 per cent from the current 3.8 per cent by 2031. The 15th meeting of the National Productivity Council (NPC) held on Su...

Insurance shares lift Dhaka stocks

Insurance shares lift Dhaka stocks

FE ONLINE REPORT 2020-10-18 13:08:10

Dhaka bourse displayed an enthusiastic start on Sunday as gainers took control over the losers following investors' participation in sector-specific stocks. Of the listed securities, insurers dominat...

Dhaka making fresh guidelines for FTAs, PTAs for boosting trade

Dhaka making fresh guidelines for FTAs, PTAs for boosting trade

DOULOT AKTER MALA 2020-10-18 09:57:10

The government has planned to frame a new guideline for preferential and free trade agreements to get prepared for the post-graduation period. Bangladesh is set to graduate from the least-developed c...

Experts recommend single-digit charge for mobile financial service

Experts recommend single-digit charge for mobile financial service

-- 2020-10-18 09:47:10

Experts have suggested that mobile financial service (MFS) providers cut cash-out charges to a single-digit as high transaction costs are keeping marginal people as well as more micro and small enterp...

BSEC slaps two-year lock-in on Robi employees' shares

BSEC slaps two-year lock-in on Robi employees' shares

FE Report 2020-10-18 09:29:35

The securities regulator has imposed a two-year lock-in on Robi Axiata's shares which will be allotted to its employees. The Bangladesh Securities and Exchange Commission (BSEC) has mentioned the loc...

Bangladesh spends least on social protection during pandemic: ESCAP-ILO report

Bangladesh spends least on social protection during pandemic: ESCAP-ILO report

MONIRA MUNNI 2020-10-18 09:27:00

Bangladesh's expenditure in social protection is the lowest in South and Southwest Asia and this poor safeguard system is hampering the resilience to Covid-19, according to a new report. The level of...

Experts suggests single-digit MFS cash-out charge

Experts suggests single-digit MFS cash-out charge

-- 2020-10-17 19:34:12

Experts have suggested bringing down the cash-out charge of mobile financial service (MFS) providers to a single-digit as high transaction cost is keeping marginal people as well as more micro and sma...

Bangladesh ahead of India on Global Hunger Index

Bangladesh ahead of India on Global Hunger Index

-- 2020-10-16 17:13:21

Bangladesh has moved 13 notches up to the 75th place among 107 qualifying countries on the latest Global Hunger Index (GHI), well ahead of neighbouring India. The 2020 Global Hunger Index, jointly pu...

BB asks MFS cos to inform clients about charges of products

BB asks MFS cos to inform clients about charges of products

FE REPORT 2020-10-16 14:34:31

The Bangladesh Bank (BB) has asked all the mobile financial service (MFS) providers to inform the customers about type and charges of the products in details in order to ensure transparency of their s...

ERF permanent office registration completed

ERF permanent office registration completed

FE Online Report 2020-10-15 19:46:56

The Economic Reporters Forum (ERF) completed the registration of its permanent office through a ceremony at its office at Purana Paltan in the capital on Thursday, says a press release. ERF President...

Stocks rebound amid low turnover

Stocks rebound amid low turnover

FE ONLINE REPORT 2020-10-15 15:44:41

Stocks rebounded on Thursday, after remaining flat in the previous session, as optimistic investors showed their buying appetite on sector-specific issues. DSEX, the prime index of the Dhaka Stock Ex...

Mercantile Bank to issue Tk 7.0b Perpetual Bond

Mercantile Bank to issue Tk 7.0b Perpetual Bond

FE ONLINE REPORT 2020-10-15 12:13:21

The board of directors of Mercantile Bank Limited (MBL) has decided to issue Perpetual Bond up to Tk 7.0 billion, said an official disclosure on Thursday. The bank will issue the bond for raising fun...

ACME launches Zolpidem tablet in the US market

ACME launches Zolpidem tablet in the US market

FE ONLINE REPORT 2020-10-15 10:57:35

The ACME Laboratories, the country’s oldest pharmaceutical company, has informed that they had launched Zolpidem (5 mg. and 10 mg.) tablet in the US market through contact manufacturing. The ph...

Covid-19 vaccine purchase may take up to $1.5b for Bangladesh

Covid-19 vaccine purchase may take up to $1.5b for Bangladesh

FHM Humayan Kabir 2020-10-15 09:44:08

The government has estimated that US$1.0 to 1.5 billion will be needed to procure COVID-19 vaccine with external funding, officials said on Wednesday. The estimate by the Ministry of Finance (MoF) ha...

e-banking in the country loses steam in Aug

e-banking in the country loses steam in Aug

JASIM UDDIN HAROON 2020-10-15 09:43:46

The transactions through most of the e-banking channels were poor in August over July in recent months with the increased movement of people. E-commerce transactions fell by Tk. 1.52 billion in Aug...

Bangladesh overtakes India in per capita GDP, IMF says

Bangladesh overtakes India in per capita GDP, IMF says

-- 2020-10-14 16:21:56

Bangladesh has overtaken its much-larger neighbour India in terms of per capita GDP in 2020, owing to a respectable performance on the economic front despite slowing growth coupled with a steep contra...

Stocks end mostly flat after volatile trading

Stocks end mostly flat after volatile trading

FE ONLINE REPORT 2020-10-14 16:11:19

Stocks ended almost flat on Wednesday after choppy trading as investors were active on both sides of the trading fence. Following the previous day’s gain, the market opened higher and the key i...

KDS Accessories to invest Tk 144.50m for automation

KDS Accessories to invest Tk 144.50m for automation

FE ONLINE REPORT 2020-10-14 11:47:04

The board of directors of KDS Accessories Ltd has decided to invest Tk 144.50 million (estimated) for finishing line automation. The said amount will be used for procuring machineries and civil const...

Stocks post modest gain at opening amid low turnover

Stocks post modest gain at opening amid low turnover

FE ONLINE REPORT 2020-10-14 11:02:27

Stocks posted a marginal gain in early trading on Wednesday as investors showed their buying appetite on sector-specific issues. Following the previous day’s positive trend, the Dhaka Stock Exc...

Bangladesh’s crisis-related borrowing will surge: IMF

Bangladesh’s crisis-related borrowing will surge: IMF

FE ONLINE REPORT 2020-10-14 10:02:33

The International Monetary Fund (IMF) expects that the government of Bangladesh will carry out an audit of Covid-19-related expenditures within 12 months of the end of the crisis. The global agency h...

Japanese investments in two SEZs unlikely in two years

Japanese investments in two SEZs unlikely in two years

MUNIMA SULTANA 2020-10-14 09:39:29

Japanese investments in two economic zones are unlikely to take place in next two years as those zones are not ready. According to insiders, the Japanese special economic zone on over 1000 acres of l...

Bangladesh exports to non-traditional market shrink

Bangladesh exports to non-traditional market shrink

MONIRA MUNNI 2020-10-14 09:35:36

The country's apparel exports to the non-traditional markets are still facing hurdles. Shipments to those destinations maintained negative growth during the first quarter (Q1) of the current fiscal y...

Dhaka to seek $5b WB soft loan in next 3 years

Dhaka to seek $5b WB soft loan in next 3 years

FHM HUMAYAN KABIR 2020-10-14 09:28:36

Bangladesh would seek funds worth US$5.0 billion from the World Bank's (WB's) IDA-19 package for the next three years to bankroll its socio-economic development activities, officials said on Tuesday....

GPH Ispat to export MS billet to China

GPH Ispat to export MS billet to China

FE ONLINE REPORT 2020-10-13 19:49:58

The board of directors of GPH Ispat Ltd has decided to enter into a contract for export of 25,000 metric tonnes MS billet to China. The contract value of the said export is about $10,175,000. This e...

Stocks return to green after three days

Stocks return to green after three days

FE ONLINE REPORT 2020-10-13 16:12:20

Stocks returned to the green on Tuesday, after remaining down in the past three trading sessions, as optimistic investors showed their buying appetite on sector-specific issues. DSEX, the prime index...

Envoy Textile recommends 5.0pc cash dividend

Envoy Textile recommends 5.0pc cash dividend

FE ONLINE REPORT 2020-10-13 10:48:08

The board of directors of Envoy Textile has recommended 5.0 per cent cash dividend for the year ended on June 30, 2020. The final approval of dividend will come during the Annual General Meeting (AGM...

Gold traders accuse tax officials of harassment

Gold traders accuse tax officials of harassment

DOULOT AKTER MALA 2020-10-13 09:49:01

The country's gold traders have alleged that they often face questions by tax officials on the gold they legalised through paying tax. Some VAT officials are seeking previous account details of the g...

Bangladesh's stimulus packages: Biggies look hungry, but minnows lose appetite

Bangladesh's stimulus packages: Biggies look hungry, but minnows lose appetite

SIDDIQUE ISLAM 2020-10-13 09:43:46

A major portion of the stimulus package for large industries and services has been implemented while only 24.18 per cent was executed in another package for the CMSMEs until September 30. Nearly Tk 2...