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The Financial Express

Search results for: Bangladesh

BB projects lower trade deficit in FY19

BB projects lower trade deficit in FY19

FE Online Report 2019-02-02 13:08:37

Bangladesh Bank has projected that deficit on merchandise trade in the country would drop moderately in the current fiscal year (FY19). In its outlook on Balance of Payments (BoP), the central bank h...

Weekly analysis: Stocks snap six-week rally

Weekly analysis: Stocks snap six-week rally

FE Report 2019-02-02 10:37:53

Stocks fell sharply in the last week that ended on Thursday, snapping a six-week rally, as investors adopted a 'cautious' stance following the release of the monetary policy statement (MPS) of the cen...

US Fed to assist BD in cyber-heist lawsuit

US Fed to assist BD in cyber-heist lawsuit

-- 2019-02-02 10:07:20

The Federal Reserve will lend a hand to Bangladesh’s central bank as it sues to recoup losses from one of the world’s largest cyber heists, even while the Philippine bank targeted by the l...

Launch of saving certificates online database tomorrow

Launch of saving certificates online database tomorrow

FE Report 2019-02-02 09:29:57

Saving certificates online database named 'national saving certificates online management system' will be launched tomorrow (Sunday). The move has been taken to see whether savings schemes are abused...

Heist: Philippine bank calls BB lawsuit ‘political stunt’

Heist: Philippine bank calls BB lawsuit ‘political stunt’

-- 2019-02-01 15:22:57

The Philippine bank being sued for conspiracy to steal Bangladesh Bank reserve has labelled the lawsuit as a “political stunt”. Quinn Emanuel, a US law firm, has been hired to defend the...

Stocks tumble on selling pressure

Stocks tumble on selling pressure

FE Report 2019-02-01 10:40:49

The prime index of the Dhaka Stock Exchange (DSE) dipped 1.07 per cent on Thursday, extending the losing streak for the second consecutive session, as most sectors saw sharp price correction. The big...

Intraco Refuelling moves to merge its five subsidiary companies

Intraco Refuelling moves to merge its five subsidiary companies

FE Report 2019-02-01 10:39:09

The Intraco Refuelling Station Limited (IRSL) has decided to merge its five subsidiary companies with itself to reduce the 'management cost' and avail 'tax benefit'. The boards of directors of the IR...

BB to focus on credit flow to priority sectors

BB to focus on credit flow to priority sectors

Siddique Islam 2019-02-01 10:32:03

The Bangladesh Bank (BB) will continue its intensive supervision in ensuring credit flow to the priority sectors to help create more and better jobs along with protecting the environment. "….B...

BD sues Philippine bank over cyberheist

BD sues Philippine bank over cyberheist

-- 2019-02-01 09:37:22

Bangladesh’s central bank on Thursday sued a Philippine bank to recoup losses it suffered when unidentified hackers stole $81 million from its account at the Federal Reserve Bank of New York nea...

BB holds on to cautious monetary policy stance

BB holds on to cautious monetary policy stance

Siddique Islam 2019-01-31 10:29:15

The monetary policy statement (MPS), announced Wednesday by the country's central bank for the second half (H2) of the current financial year, maintained a 'cautious' monetary policy stance with sligh...

IPO subscription of Runner Automobiles opens today

IPO subscription of Runner Automobiles opens today

FE Report 2019-01-31 10:25:22

The IPO (initial public offering) subscription of Runner Automobiles will open today (Thursday) and will continue till February 10. Some 5.60 million shares (40 per cent) will be issued to general in...

Dhaka bourse witnesses moderate loss

Dhaka bourse witnesses moderate loss

FE Report 2019-01-31 10:23:08

Dhaka bourse on Wednesday witnessed a moderate loss in broad index following price correction witnessed by major sectors. According to some market operators, the market witnessed correction as many i...

BB unveils monetary policy for January-June period

BB unveils monetary policy for January-June period

FE Report 2019-01-30 17:15:18

The central bank unveiled its second half-yearly (H2) monetary policy statement (MPS) on Wednesday keeping key policy rates unchanged. Bangladesh Bank (BB) Governor Fazle Kabir at a press conference...

Reserve heist: BB to file case against Philippines bank today

Reserve heist: BB to file case against Philippines bank today

-- 2019-01-30 13:51:14

The Bangladesh Bank will file a suit against Rizal Commercial Banking Corp and several undisclosed individuals over the heist of $81 million from its account at the New York Federal Reserve. The suit...

DSE holds meeting with Chinese strategic partners

DSE holds meeting with Chinese strategic partners

FE Online Desk 2019-01-30 13:41:56

A board meeting of Dhaka Stock Exchange (DSE) on Tuesday discussed different aspects of technical cooperation between the prime bourse of the country and Shenzen Stock Exchange and Shanghai Stock Exch...

13 companies witness mixed trends in Q2

13 companies witness mixed trends in Q2

FE Report 2019-01-30 11:27:44

Some 13 listed companies have displayed mixed performance for October-December (Q2), 2018 compared to same quarter of the previous year. The EPS (earnings per share) of many companies rose for Q2 com...

Currency devaluation, interest rate hike hit ACI earnings

Currency devaluation, interest rate hike hit ACI earnings

FE Report 2019-01-30 11:19:27

ACI Limited has incurred loss for October-December (Q2), 2018 due to five reasons including currency 'devaluation'. The company topped the chart of top 10 losers on Tuesday following the loss for Q2....

‘Govt should turn most SoBs into deposit banks’

‘Govt should turn most SoBs into deposit banks’

FE Report 2019-01-30 09:26:56

The government should turn the state-owned banks (SoBs) into only deposit-receiving banks to stop loan concentration and prevent accumulation of non-performing loans (NPLs), a leading economist has sa...

BB to unveil monetary policy for H2 Wednesday

BB to unveil monetary policy for H2 Wednesday

-- 2019-01-29 20:38:18

Bangladesh Bank (BB) is set to announce its monetary policy for the second half of the 2018-19 fiscal year on Wednesday. The central bank Governor Fazle Kabir will present the monetary policy stateme...

BB likely to file case with NY court over reserve heist Thursday

BB likely to file case with NY court over reserve heist Thursday

-- 2019-01-29 18:47:13

Bangladesh Bank (BB) is likely to file a lawsuit with a New York (NY) court on January 30 (January 31 in Bangladesh) to recover the money heisted by hackers from the central bank’s account with...

ECNEC approves nine projects worth Tk 164.33b

ECNEC approves nine projects worth Tk 164.33b

-- 2019-01-29 15:33:21

The Executive Committee of the National Economic Council (ECNEC) has approved nine projects involving an estimated cost of Tk 164.33 billion. Among the nine projects, it approved a Tk 86.90 billion p...

Infrastructure construction to increase in BD despite increased costs: AIIB

Infrastructure construction to increase in BD despite increased costs: AIIB

FE Online Desk 2019-01-29 14:10:33

Bangladesh will remain a priority market for the Asian Infrastructure Investment Bank (AIIB) in 2019 despite infrastructure stakeholders’ concerns about inflationary pressures and their projecte...

DSE edges down amid volatility

DSE edges down amid volatility

FE Online Report 2019-01-29 12:07:12

Dhaka bourse displayed volatility in the early of Tuesday’s session amid price correction witnessed by some major sectors. The market opened positively and soon later the DSE broad index DSEX d...

Core inflation up 1.0pc in 2018

Core inflation up 1.0pc in 2018

Siddique Islam 2019-01-29 10:51:38

The country's core inflation rose by more than 1.0 percentage point last year, posing a challenge for the next monetary policy of the central bank, officials said. The core inflation expanded to 4....

IFAD Autos acquires 49pc holding of Gulf Oil

IFAD Autos acquires 49pc holding of Gulf Oil

FE Report 2019-01-29 10:36:41

IFAD Autos has acquired 49 per cent holding of Gulf Oil (BD) at a cost of above Tk 119.07 million. In a disclosure, the company said all formalities regarding the acquisition have already been comple...

Standard Bank to raise Tk 5.0b

Standard Bank to raise Tk 5.0b

FE Report 2019-01-29 10:29:54

Standard Bank will raise a capital worth Tk 5.0 billion to strengthen its capital base as part of Tier-II Regulatory Capital requirement. The fund will be collected issuing coupon bearing non-convert...

Stocks down, GP recommends 155pc div

Stocks down, GP recommends 155pc div

FE Report 2019-01-29 10:26:11

Dhaka bourse declined marginally on Monday following the price correction witnessed by financial sectors. On the day, investors exerted selling pressure on general and life insurance sectors which re...

$5.9b flows out from BD in 2015: GFI      

$5.9b flows out from BD in 2015: GFI    

Asjadul Kibria 2019-01-28 22:59:01

At least US$ 5.90 billion flew out from Bangladesh illicitly in 2015 through misinvoicing in international trade with the advanced economies. The amount is closer to around two months' merchandise ex...

Dhaka stocks rally at midday

Dhaka stocks rally at midday

FE Online Report 2019-01-28 12:44:57

Dhaka bourse started the Monday’s session with a marginal rise amid mixed performance of the major sectors. The DSE broad index DSEX rose 0.19 per cent or 11.46 points to close at 5950.91 point...

Turnover hits 16-month high

Turnover hits 16-month high

FE Report 2019-01-28 10:28:36

Dhaka bourse witnessed marginal correction in broad index on Sunday following mixed performance displayed by major sectors. On the day, the turnover hit 16-month high as many investors injected fresh...