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The Financial Express

Search results for: Bangladesh

IMF lowers Bangladesh's FY20 growth estimate to 2pc

IMF lowers Bangladesh's FY20 growth estimate to 2pc

-- 2020-04-15 14:15:56

The International Monetary Fund (IMF) has predicted that Bangladesh’s GDP growth would come down to 2 per cent in the current fiscal year (FY2019-2020) due to the global coronavirus pandemic. I...

Comprehensive steps necessary for smooth container handling at Ctg Port

Comprehensive steps necessary for smooth container handling at Ctg Port

-- 2020-04-14 20:02:44

Terming Chattogram Port as economic lifeline of the country, speakers at a meeting have underscored the need for comprehensive measures to ensure smooth delivery of containers in the port to protect t...

BB issues stimulus guideline for cottage, MSMEs

BB issues stimulus guideline for cottage, MSMEs

-- 2020-04-14 18:13:43

Bangladesh Bank (BB) has issued a guideline for the stimulus package of Tk 200.00 billion announced by the government for the cottage, micro, small and medium enterprises to boost production and to ov...

Bearish market: One-fourth issues below face value

Bearish market: One-fourth issues below face value

Babul Barman 2020-04-14 09:51:19

The year-long depressed capital market trend sent at least one-fourth issues below their face value of Tk 10 in the Dhaka Stock Exchange. According to DSE data, some 92 issues, including 35 mutual fu...

DSE looks into legal notice served by stock brokers

DSE looks into legal notice served by stock brokers

FE Report 2020-04-14 09:44:14

Dhaka Stock Exchange (DSE) has moved to look into the legal notice served by its brokers challenging the exchange's opinion already submitted on the draft rules formulated for issuing new TREC to th...

BD asks missions abroad to explore new chances

BD asks missions abroad to explore new chances

REZAUL KARIM 2020-04-14 09:20:26

The government has exhorted its missions abroad to explore new business opportunities in the wake of the COVID-19 pandemic, officials said. The missions may seek such prospects and give necessary rec...

Economists stress devising proper strategies, effective economic diplomacy

Economists stress devising proper strategies, effective economic diplomacy

-- 2020-04-13 22:14:16

As Bangladesh will see a sharp decline in export earnings following the suspension of all trade activities across the globe amid the coronavirus onslaught, economists have underscored need for devisin...

BB cuts interest rate on farm loans to 4pc under stimulus

BB cuts interest rate on farm loans to 4pc under stimulus

-- 2020-04-13 16:40:12

The lending rate for credit under the Tk 50.0 billion stimulus package for farmers has been revised down to 4 per cent from 5 per cent. Banks participating in the scheme will receive a refinancing be...

DSE Brokers serves legal notice to DSE board

DSE Brokers serves legal notice to DSE board

FE Online Report 2020-04-13 11:30:20

The DSE Brokers Association has sent a legal notice to the DSE board, claiming the bourse has given the consent to the draft rules on issuing new TREC licence ignoring the interest of the DSE members...

Closure of DSE puts mkt's reputation at stake

Closure of DSE puts mkt's reputation at stake

FE DESK REPORT 2020-04-13 09:41:51

An international institutional investor has demanded resumption of trading on Bangladesh's stock market. "The indefinite closure of the Dhaka Stock Exchange (DSE) and the Bangladesh SEC's circular in...

DSE director demands financial bailout package for bourse

DSE director demands financial bailout package for bourse

FE Report 2020-04-13 09:39:24

A director of Dhaka Stock Exchange (DSE) has demanded financial package along with waiving tax at source from brokerage commission. DSE director Minhaz Mannan Emon made the demand as the market recen...

WB makes grim economic forecast; Kamal disagrees

WB makes grim economic forecast; Kamal disagrees

 FE REPORT 2020-04-13 09:10:13

Bangladesh's economic growth will be between 2.0 and 3.0 per cent in the current fiscal in the aftermath of coronavirus pandemic, the World Bank has forecast. The WB has made the forecast on Banglade...

Mar-May RMG exports might fall by $5.0b

Mar-May RMG exports might fall by $5.0b

Monira Munni 2020-04-13 08:50:52

Apparel makers say export income from the country's readymade garment might decline by around US$5.0 billion between March and May due to the impact of pandemic. They feel that the $38.20 billion-exp...

SANEM suggests steps to make agriculture stimulus effective

SANEM suggests steps to make agriculture stimulus effective

FE Online Report 2020-04-12 21:28:03

Welcoming the government's announcement of Tk 50 billion stimulus package for agriculture sector, Dr Selim Raihan, executive director of SANEM suggested some steps to make the disbursement of the pack...

BB raises lending ceiling

BB raises lending ceiling

-- 2020-04-12 20:18:57

Bangladesh Bank has raised advance to deposit ratio (ADR) by 2.0 percentage points, enabling banks to lend more during the coronavirus lockdown. ADR, which measures loans as the percentage of deposit...

Sector-wise turnover: Pharma cos rule the roost

Sector-wise turnover: Pharma cos rule the roost

Mohammad Mufazzal 2020-04-12 09:32:45

The country's capital market was mainly driven by pharmaceuticals and chemicals sector in March following investors' increased participation in share transactions. On the trading sessions executed...

Company profile: GSK posts ever highest EPS in 2019

Company profile: GSK posts ever highest EPS in 2019

Babul Barman 2020-04-12 09:23:00

GlaxoSmithKline Bangladesh Ltd has posted the ever highest earnings per share in 2019 thanks to closure of its unprofitable pharmaceuticals business in Bangladesh. The UK-based pharmaceuticals giant...

Shutdown lands cos in trouble

Shutdown lands cos in trouble

DoulotAkter Mala 2020-04-12 08:40:21

Businesses are facing difficulties in submitting VAT returns due to country-wide shutdown induced by COVID-19 outbreak. The deadline for return is April 15, 2020. Staffers of many business houses...

‘20m people in informal sector need emergency fund’

‘20m people in informal sector need emergency fund’

-- 2020-04-11 21:16:32

Informal Sector Industry Skills Council (ISISC) has demanded an emergency fund for around 20 million people involved in informal sector in the wake of coronavirus outbreak. The council also urged the...

Cargo handling increases in Chattogram port

Cargo handling increases in Chattogram port

-- 2020-04-11 19:37:37

Cargo handling activities have increased in Chattogram port as import of essential commodities targeting the upcoming Ramadan has increased to a great extent in the port. The activities have increase...

Bourses to remain shut until April 25 as holiday extended

Bourses to remain shut until April 25 as holiday extended

FE Online Report 2020-04-11 17:57:53

The country’s two bourses will remain closed until April 25 as the government further extended the ongoing holiday to contain the spread of deadly coronavirus.   The government has furt...

Most listed cement makers' earnings slump

Most listed cement makers' earnings slump

Babul Barman 2020-04-11 09:06:44

Earnings of most of the listed cement manufacturers slumped in the recent quarters compared to the same period in the previous year. Out of the seven cement makers listed on the Dhaka Stock Exchange,...

CSE hails bail-out package, puts thrust on speedy implementation

CSE hails bail-out package, puts thrust on speedy implementation

FE DESK 2020-04-11 09:00:32

Chittagong Stock Exchange Ltd (CSE) said a taskforce can be developed by the government for the proper implementation of the bail-out package, announced by the Prime Minister to stave off the economic...

Company profile: MJL dividends remain steady in three years

Company profile: MJL dividends remain steady in three years

Mohammad Mufazzal 2020-04-11 08:57:16

MJL Bangladesh, the country's largest lubricant company, distributed almost same amount of dividends in last three fiscal years (FY) amid its mixed performance observed in EPS during the same period...

Tourism sector reels from virus outbreak

Tourism sector reels from virus outbreak

Kamrun Nahar 2020-04-11 08:48:40

The domestic tourism industry, hardest hit by coronavirus, has downsized its manpower by 5,085 in the past three months since January, according to a survey. In its report styled 'Impacts on Banglade...

Pandemic impact: Govt seeks $500m budget aid from WB

Pandemic impact: Govt seeks $500m budget aid from WB

FHM Humayan Kabir 2020-04-11 08:10:25

The government has sought US$500 million budgetary support from the World Bank to help finance the annual public expenditure, officials said on Friday. The Economic Relations Division, or ERD, has re...

Bourses to remain shut until April 25

Bourses to remain shut until April 25

FE Online Report 2020-04-10 20:21:17

The country’s two bourses will remain closed until April 25 as the government further extended the ongoing holiday to contain the spread of deadly coronavirus. The government has further extend...

'BD seeks $700m from IMF'

'BD seeks $700m from IMF'

-- 2020-04-10 19:06:21

Bangladesh is seeking $700 million in financial assistance from the International Monetary Fund to mitigate the economic impact of the coronavirus crisis, Tokyo-based Nikkei Asian Review reports. "We...

Banks to close down branches in locked down areas

Banks to close down branches in locked down areas

-- 2020-04-10 17:50:46

The Bangladesh Bank has instructed all banks to shut down their branches in the areas put under lockdown by the government or local administration to prevent the spread of coronavirus. The central ba...

BB cuts CRR,  repo rate to enable banks to implement Tk 727.5b stimulus

BB cuts CRR, repo rate to enable banks to implement Tk 727.5b stimulus

-- 2020-04-09 19:20:19

Bangladesh Bank (BB) has re-fixed the Cash Reserve Ratio (CRR) at 4.0 per cent on bi-weekly average basis with a provision of minimum 3.5 per cent on a daily basis effective from April 15, 2020. ...