Search results for: Bangladesh

Stress on improving logistics efficiency and quality for economic growth

FE ONLINE REPORT 2022-11-17 21:01:30

Higher logistics costs, poor infrastructure, a lack of an investment-friendly environment, state-of-the-art technology, and inadequate financing are hurting the development of the logistics sector, th...

BB forms Tk 50b refinance scheme to ensure food security

-- 2022-11-17 20:41:52

Bangladesh Bank has formed a refinance scheme of Tk 50.0 billion to boost food production and strengthen the country's food security.  Farmers can take loans from this fund at a 4.0 per cent int...

Tipu for expanding export markets for LDC graduation

-- 2022-11-17 18:01:51

Commerce Minister Tipu Munshi has said that there is a need to move forward with a long-term plan to increase the country’s exportable items and also to expand the export markets considering the...

Sri Lanka-BD joint venture to invest $11.32m in BEPZA EZ 

-- 2022-11-17 17:22:26

JF&I Packaging (BD) Ltd, a Sri Lanka-Bangladesh joint venture enterprise, is going to establish a garments accessories manufacturing industry in BEPZA Economic Zone (EZ)) with an investment of US$...

No forex crisis from Jan 2023, Bangladesh Bank governor says

UNB 2022-11-17 12:10:10

Bangladesh Bank governor Abdur Rouf Talukder has said there will be no foreign exchange crisis from January 2023, as the country's exports and remittances have become surplus compared to imports. He...

BB suspends 480 MFS agents’ accounts

FE ONLINE DESK 2022-11-17 10:38:27

Bangladesh Bank has urged expatriates to send money through the banks, reminding them of legal consequences for using illegal means to conduct cross-border transactions. It also suspended 480 Mobile...

Global Islami Bank's debut loses steam as investors shun risks in depressed market

FE REPORT 2022-11-17 09:06:27

The debut trading of Global Islami Bank failed to draw in investors in an already depressed capital market, sending the message yet again that any newcomer will bear the shadow of pessimism rooted in...

Bangladesh Bank curtails banks’ power to waive interest on loans

-- 2022-11-16 19:43:07

Bangladesh Bank is seeking to curtail the powers of the board of directors of banks to waive interest on loans without consultations with the relevant departments. The central bank’s Banking Re...

DCCI urges Iraqi businesses to import vegetables, mangoes

-- 2022-11-16 19:12:09

Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman has said that Iraq can import vegetables, potatoes, mangoes and ICT products from Bangladesh. He also invited Iraqi investors to...

BB allows export income, remittance through MFS

-- 2022-11-16 17:30:31

Bangladesh Bank has allowed mobile financial service (MFS) providers to repatriate (conversion of foreign currency into local currency) export income and inward remittance. All authorised dealers wil...

Lugang Technology to invest $23m in Ishwardi EPZ

-- 2022-11-16 16:32:33

Lugang Technology (Bangladesh) Limited, a Hong Kong (China) owned company, is going to establish a textile industry at Ishwardi Export Processing Zone (IEPZ). This fully foreign-owned company will in...

Stocks down at opening amid confidence crisis 

FE ONLINE REPORT 2022-11-16 11:17:41

Stocks opened lower on Wednesday as the recent dismal earnings disclosures and looming economic uncertainties eroded confidence of investors. Following the previous three days’ fall, DSEX, the...

Summit Power's profit plummets on fuel price hike, foreign exchange loss

BABUL BARMAN 2022-11-16 08:56:34

Summit Power, the country's largest private sector power producer, has reported a 21 per cent fall year-on-year in earnings per share in the first quarter of the current fiscal year mainly due to fore...

Square Pharma sees low profit, weighed down by higher operating expenses

FE REPORT 2022-11-16 08:55:11

Square Pharmaceuticals' profit grew marginally at 9.93 per cent year-on-year for the first quarter of FY23, held low by a significant rise in operating expenses. The company reported that its conso...

BB governor for cut in interest rates on microcredit lending

FE REPORT 2022-11-16 08:49:11

Bangladesh Bank (BB) Governor Abdur Rouf Talukder on Tuesday urged the country's microfinance institutions to reduce interest rates on microcredit lending. "Making profits from the loans disbursed am...

Liquidity shortage a hoax, say bankers

FE REPORT 2022-11-16 08:45:07

Hearsay on liquidity shortage in Bangladesh's banking system is a hoax, now bankers also say and dismiss it as scaremongering by vested quarters. The Association of Bankers, Bangladesh (ABB) ruled...

LafargeHolcim declares 18pc interim dividend as strong growth momentum continues

FE ONLINE REPORT 2022-11-15 22:29:22

LafargeHolcim Bangladesh declared an interim cash dividend at 18 per cent for the ten months period ended on October 31, 2022. The declaration came at a meeting of the board of directors of the compa...

Beximco eyes boost to profit, helped by 5.25pc stake in BSC

FE REPORT 2022-11-15 09:06:13

Beximco Ltd bought a 5.25 per cent stake in the state-run Bangladesh Shipping Corporation (BSC) at the expense of around Tk 1.18 billion in anticipation of a boost to its own profit in the days to com...

Overpriced Orion Infusion plunges as disclosure jolts investors to reality

BABUL BARMAN 2022-11-15 09:05:17

Orion Infusion's stock plunged 12.58 per cent on Monday, becoming the day's worst loser, after soaring 'abnormally' by 12 times in the past five months. The stock skyrocketed from just Tk 79.70 on Ju...

Carry out reforms, get more loans, WB VP suggests

FE REPORT 2022-11-15 08:46:10

The World Bank suggested the government carry out the reforms earlier tagged with the lender's ongoing budgetary support worth US$500 million to pave the way for such loans in future, officials said o...

Per capita income now $2,824

-- 2022-11-14 22:02:27

The per capita income in Bangladesh rose by 9 per cent year-on-year to $2,824 in the fiscal year 2021-22, said the annual report of the fiscal year (FY) 2021-22 on ministries and divisions approved Mo...

Banks have Tk 1.69 trillion excess liquidity, reveals BB

-- 2022-11-14 19:01:37

Banks have excess liquidity of Tk 1.69 trillion, and rumours on social media are unfounded, Bangladesh Bank spokesperson Md. Abul Kalm Azad said on Monday. He was addressing a press conference at the...

Bourses change trading hours from Tuesday

-- 2022-11-14 16:54:49

Share trading of Dhaka Stock Exchange (DSE) will be held as per the new office schedule – from 10:00 am to 2:30 pm – from Tuesday, an official notification said. The Deputy General Manage...

'Graft, govt's centralisation, data shortage major hurdles to achieving SDGs'

FE REPORT 2022-11-14 13:41:32

Corruption, centralisation of the government's power, institutions and funds, and shortage of required and updated data are hindering achievement of the Sustainable Development Goals (SDGs) in the cou...

Renata's profit slumps despite growth in revenue

FE REPORT 2022-11-14 09:23:53

Renata Limited's stock plunged 6.55 per cent or Tk 85.3 on the Dhaka Stock Exchange to Tk 1,217.90 on Sunday after its disclosure of a 10 per cent fall in profit in the first quarter of the current fi...

Titas registers quarterly operating loss for the first time since 2008 listing

BABUL BARMAN 2022-11-14 09:19:52

Titas Gas Transmission & Distribution Company has reported operating losses for the July-September quarter of FY23 for the first time since it was listed with the stock market in 2008, mainly for...

NPLs swell 9.36pc to hit new high

FE REPORT 2022-11-14 08:20:58

Non-performing loans soared to a new high at Tk 1.34 trillion at the end of September, in what economists describe as "governance failure" in Bangladesh's banking system. The amount is 9.36 per cen...

Deposits of common people in banks totally safe, BB assures

-- 2022-11-13 20:56:58

The Bangladesh Bank has said that the deposits of common people in banks are totally safe. The central bank said this on Sunday in response to propaganda on various social media stating that the comm...

Kamal hopes getting $500m budget support from WB

-- 2022-11-13 17:55:55

Finance Minister AHM Mustafa Kamal has expressed his optimism that Bangladesh would get $500 million as budget support from the World Bank in the current fiscal year (FY23). He also informed that the...

Bangladesh aims to build cashless society within 3-4yr

-- 2022-11-13 15:51:42

Prime Minister's ICT Affairs Adviser Sajeeb Wazed Joy has said the government aims to build cashless society within next three or four years as part of it's target to bring cent percent people under b...