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The Financial Express

Search results for: Bangladesh

South Korean envoy for strengthening infrastructure partnership  

South Korean envoy for strengthening infrastructure partnership  

-- 2022-09-27 17:41:58

South Korean Ambassador to Bangladesh Lee Jang-keun has stressed the importance of infrastructure cooperation in developing close bilateral ties between the two countries.  Bangladesh and South...

Bourses post marginal gains at open

Bourses post marginal gains at open

FE ONLINE REPORT 2022-09-27 12:00:43

Stocks opened marginally higher on Tuesday as bargain hunters showed their buying interest in lucrative issues amid cautious trading. Following the previous day’s modest fall, DSEX, the prime i...

Doreen Power posts 42.6pc profit growth

Doreen Power posts 42.6pc profit growth

FE REPORT 2022-09-27 10:31:21

Doreen Power Generations and Systems posted an increase of 42.6 per cent in its net profit for the year ended in June 2022, thanks to higher revenue earnings from its subsidiaries. In a filing with D...

Dollar exchange rates revised with Tk 107.50 cap

Dollar exchange rates revised with Tk 107.50 cap

FE REPORT 2022-09-27 08:23:01

Bangladesh's top bankers have decided on uniform rates in foreign-exchange dealings with a Tk 107.50 cap per dollar for inward remittances, to complement the government's bid to stabilise the wayw...

Bangladesh Bank re-fixes interest rate on pre-finance facility under SREUP

Bangladesh Bank re-fixes interest rate on pre-finance facility under SREUP

-- 2022-09-26 20:58:36

Bangladesh Bank (BB) has re-fixed the interest rate on the pre-finance facility under the support safety retrofits and environmental upgrades programme (SREUP). "At the customer level, the interest r...

Bangladesh allocates 300 acres of land for Saudi companies in EPZ

Bangladesh allocates 300 acres of land for Saudi companies in EPZ

FE ONLINE REPORT 2022-09-26 20:46:51

Bangladesh government has allocated 300 acres of land for Saudi companies in Bangabandhu EPZ. Saudi Ambassador in Dhaka said this while addressing a function organised to observe the 92nd National Da...

Stocks extend losing streak as investors reluctant to take new positions

Stocks extend losing streak as investors reluctant to take new positions

FE ONLINE REPORT 2022-09-26 16:02:29

Stocks extended the losing streak amid low turnover as investors were reluctant to take new positions amid the worldwide interest rate hike. The market moved between positive and negative several tim...

Girls won the battle on many fronts

Girls won the battle on many fronts

Neel Rahman 2022-09-26 13:28:47

Bangladesh's national women’s team produced something stellar in Nepal. It has already been repeated time and time over the media, especially after the grand reception they got with an open-de...

Bourses open mixed amid low turnover

Bourses open mixed amid low turnover

FE ONLINE REPORT 2022-09-26 12:19:01

Stocks witnessed a mixed trend at the opening on Monday with low turnover as investors were reluctant to take new positions amid the worldwide interest rate hike. F...

Asiatic Laboratories' IPO share bidding from Oct 10

Asiatic Laboratories' IPO share bidding from Oct 10

REUTERS 2022-09-26 10:31:49

A bidding to explore the cut-off price of shares of Asiatic Laboratories for its initial public offering (IPO) will begin at 3:00 pm on October 10. Eligible investors (EIs) will participate in the bi...

Bangladesh-China bilateral trade crosses $25b

Bangladesh-China bilateral trade crosses $25b

FE ONLINE REPORT 2022-09-25 18:03:56

Chinese ambassador Li Jiming informed that bilateral trade between Bangladesh and China exceeded US$25 billion. Terming the economic cooperation between the two countries 'most eye-catching’&nb...

World Bank study finds three obstacles to Bangladesh’s economic reform

World Bank study finds three obstacles to Bangladesh’s economic reform

-- 2022-09-25 17:55:20

World Bank, in a study, has found three obstacles to Bangladesh’s economic reform. Without massive reforms, Bangladesh’s gross domestic product (GDP) could fall below 4.0 per cent by 2035,...

Stocks slump as major sectors plunge

Stocks slump as major sectors plunge

FE ONLINE REPORT 2022-09-25 15:51:23

Stocks nosedived on Sunday as the jittery investors opted for booking profits from major sector shares following the recent price surge. DSEX, the key index of the Dhaka Stock Exc...

Stocks open week on mixed trend

Stocks open week on mixed trend

FE ONLINE REPORT 2022-09-25 12:14:32

Stocks witnessed mixed trends at opening on Sunday as investors were active on both sides of the trading fence. Following the previous week’s positive trend, DSEX, the prime inde...

Chartered Life's IPO opens today

Chartered Life's IPO opens today

FE REPORT 2022-09-25 10:17:17

The initial public offering (IPO) of Chartered Life Insurance Company opens for subscription today (Sunday), aiming to raise Tk 150 million from the capital market under the fixed-price method. The n...

83.9pc MIs faced Covid-induced business loss, says study

83.9pc MIs faced Covid-induced business loss, says study

FE ONLINE REPORT 2022-09-24 18:10:06

As high as 83.9 per cent of Microfinance Institutions (MIs) in the country faced reduced income or loss in business due to the Covid-19 pandemic in the country, according to a new study. Also, 40 per...

Orion Pharma, Beximco grab 25pc of weekly turnover on DSE

Orion Pharma, Beximco grab 25pc of weekly turnover on DSE

FE REPORT 2022-09-24 09:45:43

Ten most-traded companies accounted for 44 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Orion Pharma leading the turnover list. For the past few weeks, some s...

Weekly Market review: Stocks back in black after correction

Weekly Market review: Stocks back in black after correction

BABUL BARMAN 2022-09-24 09:31:03

Stocks bounced back in the outgoing week, returning to uptrend after a single-week correction, with investors mostly focused on selective large-cap issues. Of the five trading days this week, three s...

Returnees from reverse migration on repeat exodus

Returnees from reverse migration on repeat exodus

DOULOT AKTER MALA 2022-09-24 08:27:56

Gruelling inflation now forces a section of low-income people either to go back to villages or shift their family members as a coping strategy, in a repeat of the corona-driven reverse migration. S...

FBCCI seeks US investment in SEZ, hi-tech parks

FBCCI seeks US investment in SEZ, hi-tech parks

-- 2022-09-23 15:51:18

The Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) has invited US entrepreneurs to invest in Bangladesh‘s ICT sector after Prime Minister Sheikh Hasina declared to establ...

BSEC to probe into financial statements of Bay Leasing

BSEC to probe into financial statements of Bay Leasing

FE REPORT 2022-09-23 09:29:40

The stock market regulator has formed a three-member committee to investigate the financial statements of Bay Leasing & Investment for the year ended on December 31, 2021 as the company reported a...

A double regression on poverty, child labour feared

A double regression on poverty, child labour feared

DOULOT AKTER MALA 2022-09-23 08:53:30

Halima has sent her son to a motor workshop in Dhaka's Banglamotor area, at age as early as 11 years. It, evidently, represents a double regression, from progression in poverty alleviation and child-l...

NBR collects record Tk 87.33b VAT in Aug

NBR collects record Tk 87.33b VAT in Aug

-- 2022-09-22 18:08:14

National Board of Revenue (NBR) has collected Tk 87.33 billion of revenue from value added tax (VAT) in August – showing a 20 per cent year-on-year growth. NBR’s collected VAT revenue in...

BB yet to allow Rupee in foreign trade

BB yet to allow Rupee in foreign trade

-- 2022-09-22 16:53:08

Bangladeshi businesses won’t be able to use Indian Rupee for foreign trade as Bangladesh Bank (BB) is yet to enlist Rupee to settle letters of credit (LC). BB spokesperson and executive directo...

Stocks edge up after rocky ride

Stocks edge up after rocky ride

FE ONLINE REPORT  2022-09-22 15:01:29

Stocks finished marginally higher on Thursday, after a two-day correction, as bargain hunters showed their buying interest in sector-specific issues. The market moved between positive and negative tr...

Stocks witness volatility after two hours

Stocks witness volatility after two hours

FE ONLINE REPORT 2022-09-22 12:28:20

Stocks witnessed high volatility after two hours of trading on Thursday as investors were active on both sides of the trading fence. Following the previous day’s downward trend, DSEX, the prime...

Gaping inequality for wealth over-concentration raises alarm

Gaping inequality for wealth over-concentration raises alarm

DOULOT AKTER MALA 2022-09-22 08:13:37

Gales of economic blows are exposing aggravation of income inequality in Bangladesh as unbridled inflation is eroding commoners' ever-shriveling incomes while pampering the super-rich, surveys show....

ADB cuts growth forecast to 6.6pc

ADB cuts growth forecast to 6.6pc

FE REPORT 2022-09-22 08:04:01

Bangladesh may see lower GDP growth at 6.6 per cent in the current fiscal year for some global and local shocks to the economy, the Asian Development Bank says in its latest forecast. The ADB project...

JICA’s help sought for modernising power sector in south-western region 

JICA’s help sought for modernising power sector in south-western region 

-- 2022-09-21 19:29:22

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has sought the cooperation of the Japan International Cooperation Agency (JICA) to modernise the gas and electricity transmission an...

BSEC allows Midland Bank to raise Tk 700m through IPO

BSEC allows Midland Bank to raise Tk 700m through IPO

FE ONLINE REPORT 2022-09-21 18:32:34

The stock market regulator has allowed Midland Bank to raise Tk 700 million from the capital market under the fixed price method. The approval came on Wednesday at a meeting held at the office of the...