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The Financial Express

Search results for: Bangladesh

Stocks witness downturn at opening amid slow DSE website

Stocks witness downturn at opening amid slow DSE website

FE ONLINE REPORT 2020-08-20 13:22:47

Stocks witnessed a downward trend in early trading on Thursday as the new website of the Dhaka Stock Exchange (DSE) is hampering investors’ trading activities. The investors and stockbrokers...

Tax receipts from DSE drop 4.0pc in July

Tax receipts from DSE drop 4.0pc in July

Babul Barman 2020-08-20 10:14:13

The government's revenue earnings from the Dhaka Stock Exchange (DSE) fell nearly 4.0 per cent in the first month of the current fiscal year, after hitting 10 years low in the last fiscal. Market ana...

BD corporates urged to raise fund utilising 'Bangla Bond'

BD corporates urged to raise fund utilising 'Bangla Bond'

FE DESK 2020-08-20 10:05:33

The chairman of Chittagong Stock Exchange & former president, DCCI Asif Ibrahim on Wednesday invited UK companies to invest in the Bangladesh capital market. He also urged more Bangladeshi corpora...

Large companies foresee poor sale, tax payment

Large companies foresee poor sale, tax payment

Doulot Akter Mala 2020-08-20 09:41:23

Most of the large taxpayers are apprehending a sharp slide or poor growth in their sale and probable payment of consumption tax in the current fiscal year (FY), 2020-21. They have apprised the Large...

Stocks rebound strongly amid renewed optimism

Stocks rebound strongly amid renewed optimism

FE ONLINE REPORT 2020-08-19 16:05:51

Stocks rebounded strongly on Wednesday, after a two-day losing streak, as investors went on a buying spree on large-cap issues riding on a number of regulatory bold steps to restore discipline in the...

Technical glitch on DSE new website hampering investors

Technical glitch on DSE new website hampering investors

-- 2020-08-19 12:08:53

Technical glitch on Dhaka Stock Exchange (DSE) new website hampering investors’ trading activities smoothly, some investors told the FE on Wednesday morning. Some investors complained that they...

Stocks jump at opening amid revived optimism

Stocks jump at opening amid revived optimism

FE ONLINE REPORT 2020-08-19 11:57:09

Stocks witnessed a steep rise in early trading on Wednesday, after two-day correction, as enthusiastic investors are showing their buying spree on large-cap issues riding on regulator’s number o...

Savings certificates sales rise in pandemic

Savings certificates sales rise in pandemic

-- 2020-08-19 10:21:54

When people are struggling to earn enough to pay for basic needs like food and housing due to the coronavirus pandemic, sales of savings certificates have gone up in Bangladesh. Researchers have call...

BSEC for freezing bank account of C & A Textiles, Tung Hai Knitting directors

BSEC for freezing bank account of C & A Textiles, Tung Hai Knitting directors

FE REPORT 2020-08-19 09:58:13

The securities regulator has requested the central bank to freeze bank account of all directors, including managing directors, of two listed companies as they sold shares unlawfully. The Bangladesh S...

SBAC Bank approves 10pc stock dividend

SBAC Bank approves 10pc stock dividend

FE DESK REPORT 2020-08-19 09:56:09

The 7th Annual General Meeting of South Bangla Agriculture and Commerce (SBAC) Bank Limited was held online on Tuesday, said a statement. S.M. Amzad Hossian, Chairman of SBAC Bank, presided over the...

DSE seeks stimulus package to help brokerage houses

DSE seeks stimulus package to help brokerage houses

FE ONLINE REPORT 2020-08-18 20:39:53

The Dhaka Stock Exchange (DSE) Limited has sought low-cost fund as financial stimulus package to meet operational expenses of brokerage houses and merchant banks amid the ongoing Covid-19 pandemic. T...

ADB approves $50m to bankroll PPP infrastructure projects

ADB approves $50m to bankroll PPP infrastructure projects

FE Online Report 2020-08-18 18:14:24

The Asian Development Bank (ADB) on Tuesday approved US$50 million loan to Bangladesh for bankrolling some public-private partnership (PPP) infrastructure projects. The ADB financing will help implem...

Stocks extend losses as profit booking sell-offs continues

Stocks extend losses as profit booking sell-offs continues

FE ONLINE REPORT 2020-08-18 16:24:19

Stocks extended the losing spell for the two consecutive sessions on Tuesday as risk-averse investors continued their profit booking sell-offs on major sector shares. DSEX, the prime index of the Dha...

Pandemic creates a situation of hidden hunger in Bangladesh

Pandemic creates a situation of hidden hunger in Bangladesh

FE ONLINE DESK 2020-08-18 15:23:54

The coronavirus pandemic has created a situation of hidden hunger in Bangladesh, which can be detrimental to the physical and mental development of infants and children, according to a study report....

Subscription of Pragati Life’s rights to begin Sept 24

Subscription of Pragati Life’s rights to begin Sept 24

FE ONLINE REPORT 2020-08-18 12:03:48

Rights shares subscription of Pragati Life Insurance is set to begin September 24, aiming to raise Tk 230.27 million through rights issuance. The subscription period for the life insurer will be cont...

Bourses open higher after single-day break

Bourses open higher after single-day break

FE ONLINE REPORT 2020-08-18 11:58:27

Stocks witnessed an upward trend in early trading on Tuesday as optimistic investors showed their buying spree on sector-wise issues amid high expectations. Following the previous day’s major c...

Forex reserves cross $38b for first time

Forex reserves cross $38b for first time

-- 2020-08-18 09:55:45

Bangladesh’s foreign exchange reserves have crossed US$38 billion mark for the first time amid the coronavirus pandemic. The central bank's foreign reserves reached the milestone on Monday than...

Service-sector export earnings drop 5.56pc

Service-sector export earnings drop 5.56pc

FE REPORT 2020-08-18 09:30:50

Bangladesh's export earnings from the service sector stood at US$6.13 billion registering a 5.56 per cent negative growth in the just-concluded fiscal year 2019-20, the official data showed. The coun...

High net worth investors lift mkt

High net worth investors lift mkt

 Mohammad Mufazzal and Babul Barmon 2020-08-18 09:23:29

Active participation of high net worth individuals has given boost to the capital market in recent days, according to market insiders and experts. Other factors such as lower returns on the money mar...

Govt lobbying hard for WB budget aid

Govt lobbying hard for WB budget aid

FHM HUMAYAN KABIR 2020-08-18 09:20:51

The government is trying to receive $250 million budget support the World Bank pledged to offer, helping the country lower its fiscal deficit in the current financial year, officials said on Monday....

‘CPD actually acts on assumption, BBS deals with data’

‘CPD actually acts on assumption, BBS deals with data’

-- 2020-08-17 20:41:10

Dismissing recent statement of Centre for Policy Dialogue (CPD) on the country’s GDP growth, Finance Minister AHM Mustafa Kamal on Monday said the CPD acts on assumptions, whereas the Bangladesh...

US overtakes UAE as second biggest remittance hotspot for Bangladeshis

US overtakes UAE as second biggest remittance hotspot for Bangladeshis

-- 2020-08-17 20:09:48

Bangladesh has seen an increase in the remittance sent from the United States, the biggest economy in the world, along with an upward trend in investment in NRB savings bonds. Bangladeshi expatriates...

Stocks break three-day rally on profit booking

Stocks break three-day rally on profit booking

FE ONLINE REPORT 2020-08-17 15:25:49

Stocks broke the three-day sharp rally on Monday as risk-averse investors went for short-term profit booking on sector-specific shares. DSEX, the prime index of the Dhaka Stock Exchange, went down by...

Stocks down at opening as investors booking profits

Stocks down at opening as investors booking profits

FE ONLINE REPORT 2020-08-17 12:34:54

Stocks witnessed downward trend in early trading on Monday as risk-averse investors are booking profit on sector-wise issues after sharp recent upsurge. After hitting the DSE key index 10 months high...

Exports to China drop more than India in FY20

Exports to China drop more than India in FY20

FE Online Report 2020-08-17 10:23:29

The country’s receipt from exports in goods to China dropped heavily in the last fiscal year (FY20) compared to the decline in exports to India during the same period. Statistics compiled by Ex...

BB to ask banks, NBFIs to pace up

BB to ask banks, NBFIs to pace up

Siddique Islam 2020-08-17 09:31:15

The central bank is set to ask the banks and non-banking financial institutions (NBFIs) for faster implementation of the stimulus packages particularly the one for the CMSMEs to speed up recovery of...

CPD questions GDP growth data

CPD questions GDP growth data

FE REPORT 2020-08-17 09:29:28

The Centre for Policy Dialogue (CPD) on Sunday expressed reservations about the government's provisional estimate of real GDP growth rate for the fiscal year (FY) 2019-20, arguing it does not provide...

Dhaka nudges KL to launch FTA talks

Dhaka nudges KL to launch FTA talks

SYFUL ISLAM 2020-08-17 09:21:04

Bangladesh is pushing Malaysia for starting formal negotiations on signing a free trade area or FTA agreement as both had earlier agreed on such a deal to boost bilateral trade, officials say. The mi...

Bourses keep gaining amid soaring turnover

Bourses keep gaining amid soaring turnover

FE ONLINE REPORT 2020-08-16 16:12:34

Stocks kept the soaring trend with core index of the Dhaka Stock Exchange (DSE) crossed the 4,800-mark after 10 months as investors continued their buying spree on large-cap issues amid optimism. DSE...

Bangladesh a South Asian miracle, ToI says citing WDIs

Bangladesh a South Asian miracle, ToI says citing WDIs

FE ONLINE DESK 2020-08-16 14:08:54

To paint a picture of how India, Pakistan and Bangladesh have fared so far on living standards of people, Times of India in an article says Bangladesh is a South Asian miracle. The Indian media publi...