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The Financial Express

Search results for: Bangladesh

DSEX falls below 5,400-mark as market keeps losing

DSEX falls below 5,400-mark as market keeps losing

FE Online Report 2018-05-20 15:33:07

Stocks extended the losing streak for 13 straight sessions on Sunday, with the core index of the major bourse falling below 5400-mark again, as investors mostly refrained from injecting fresh funds in...

BD economy to register 7.10pc growth: UN

BD economy to register 7.10pc growth: UN

FE Online Report 2018-05-20 14:07:52

Bangladesh economy is going to post 7.10 per cent growth in the current fiscal year, the United Nations says. The World Economic Situation and Prospects 2018, released by the United Nations, made the...

Bourses witness downturn at opening

Bourses witness downturn at opening

FE Online Report 2018-05-20 11:44:44

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading on Sunday as most of the investors remained cautious amid poor earnings disclosures. Following the p...

Land acquisition delay backpedals on regional railway project

Land acquisition delay backpedals on regional railway project

Munima Sultana 2018-05-20 10:15:55

The railway's regional connectivity project faced delay as over 100-kilometre rail line from Dohazari of Chattogram to Cox's Bazar could not be constructed upon failure to acquire land. Officials sai...

Govt set to earn over Tk 1.0b in capital gains tax

Govt set to earn over Tk 1.0b in capital gains tax

Mohammad Mufazzal 2018-05-20 10:03:44

The government would get around Tk 1.1 billion in taxes at source from the revenue earned by the Dhaka Stock Exchange (DSE) through the sale of its shares to the Chinese consortium, now a strategic pa...

Chinese co willing to build 2nd nuke power plant in BD

Chinese co willing to build 2nd nuke power plant in BD

Ismail Hossain from Sichuan 2018-05-20 09:55:22

China's state-owned company -- Dongfang Electric Corporation (DEC) -- wants to build the proposed second nuclear power plant in Bangladesh. A top official of the corporation said recently that the Ch...

Survey to locate reasons for 'jobless growth' is on

Survey to locate reasons for 'jobless growth' is on

Mehdi Musharraf Bhuiyan 2018-05-19 18:32:56

Amid growing concerns about the recent "jobless growth" phenomenon, the government is conducting a survey on employment, productivity and sectoral investment in the country. The survey, which is comm...

Govt decides to issue floating rate bonds

Govt decides to issue floating rate bonds

Rezaul Karim 2018-05-19 18:28:02

The government, for the first time, has decided to issue new investment bonds having a floating rate. The objective behind introducing the bonds is to meet the government's own rising financial need...

Corporate tax cut, higher exemption in next budget

Corporate tax cut, higher exemption in next budget

-- 2018-05-19 17:58:22

The taxpayers of the country are going to get some good news in the coming budget for 2018-19 fiscal.  The tax free income ceiling for the individual taxpayers would be increased, while there wo...

Financial account surplus almost double in nine months

Financial account surplus almost double in nine months

FE Online Report 2018-05-19 12:32:35

The country’s external financial account posted a surplus of $6.05 billion in the first nine months of the current fiscal year. This amount is almost twice as much as $3.13 billion registered i...

IDCOL roundtable to promote EET in RMG, textile

IDCOL roundtable to promote EET in RMG, textile

FE Desk Report 2018-05-19 12:24:51

Infrastructure Development Company Limited (IDCOL) has organised the 2nd CEO Roundtable to promote Energy Efficient Technologies (EET) in the textile and RMG sectors across Bangladesh. The 2nd CEO...

Square Pharma attains 20pc growth in 5 yrs

Square Pharma attains 20pc growth in 5 yrs

FE Report 2018-05-19 10:21:25

Square Pharmaceuticals has attained an average growth rate of 20 per cent in the past five years, beating the national average growth rate, riding on the expanded domestic market as well as new export...

Weekly analysis: Stocks nosedive as selling frenzy continues

Weekly analysis: Stocks nosedive as selling frenzy continues

Babul Barman 2018-05-19 09:49:59

Stocks extended the loss for fourth straight week as worried investors continued heavy sell-offs amid lack of confidence. Core index of the Dhaka bourse hit one-year low, much to the chagrin of gen...

LGED set to spend Tk 75b addl  fund for 'upgrading' rural roads

LGED set to spend Tk 75b addl fund for 'upgrading' rural roads

FHM Humayan Kabir 2018-05-19 00:51:11

The Local Government Engineering Department (LGED) is going to inject some Tk 75 billion in additional funds for upgrading rural roads, as those were not constructed by maintaining standard, officials...

BPC fears Tk 80b loss in next FY

BPC fears Tk 80b loss in next FY

Syful Islam 2018-05-19 00:48:30

The Bangladesh Petroleum Corporation (BPC) fears incurring a loss of about Tk 80 billion in the upcoming fiscal year because of selling fuel oil at lower rate than import price, officials said. To co...

Bashundhara Paper’s IPO lottery on May 30

Bashundhara Paper’s IPO lottery on May 30

FE Online Report 2018-05-18 19:35:44

The initial public offering (IPO) lottery of Bashundhara Paper Mills Limited will be held on May 30 to allocate ordinary shares among the successful applicants. The lottery programme will be held at...

Korea keen to invest in BD, send delegation soon  

Korea keen to invest in BD, send delegation soon  

-- 2018-05-18 19:14:12

Korean entrepreneurs have shown their interest to invest in Bangladesh and said they will send a trade delegation to Bangladesh soon, according to a UNB report. They expressed their interest at the B...

Export, import, forex to rise in May-June

Export, import, forex to rise in May-June

FE Report 2018-05-18 16:55:07

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has projected rise in the country's export earnings, import value and inward remittance flow at the end of this month (May) and next mon...

High rate of return on savings tools hobbles bond market: Experts

High rate of return on savings tools hobbles bond market: Experts

FE Report 2018-05-18 11:53:04

The yield rates on government savings instruments should be rationalised to help develop long-term securities markets in Bangladesh, experts said Thursday. They also recommended developing pension...

Chinese consortium has priorities set for DSE

Chinese consortium has priorities set for DSE

Mir Mostafizur Rahaman 2018-05-18 11:47:02

Lack of confidence and liquidity shortage are the main problems of the capital market in Bangladesh, and the first priorities of the consortium of Shanghai and Shenzhen stock exchanges would be to dev...

Net foreign investment in stocks trebles in March

Net foreign investment in stocks trebles in March

FE Report 2018-05-18 11:41:03

The net foreign investment in the country's capital market more than trebled year-on-year in March 2018 as overseas investors were tempted by the slump in the stock market, according to a quarterly...

Banking sector biggest downside risk to economy, says MCCI

Banking sector biggest downside risk to economy, says MCCI

FE Report 2018-05-18 09:53:10

Dhaka-based preeminent trade body MCCI has termed the country's banking sector the biggest downside risk to the economy. "The corruption-ridden banking sector is perhaps the biggest downside risk now...

Govt to phase out tariff value system from FY ‘19

Govt to phase out tariff value system from FY ‘19

Doulot Akter Mala 2018-05-18 00:51:06

The government is set to start phasing out the tariff value system from the upcoming fiscal year (FY), 2018-19, as it is found that consumers are not getting benefit of it. The National Board of Reve...

Muhith to sit with biggies  on long-term financing

Muhith to sit with biggies on long-term financing

FE Report 2018-05-18 00:49:56

Finance Minister AMA Muhith said on Thursday the state of long term financing in the country still remains 'poor,' as many banks and financial institutions choose to go for short-term and medium-term...

JETRO for augmenting bilateral growth through matching events

JETRO for augmenting bilateral growth through matching events

-- 2018-05-17 22:10:38

Japan’s export promotion agency JETRO presented a plan to arrange matching events between young Bangladeshi entrepreneurs with Japanese SMEs and investors to augment economic growth. Executive...

DSE hits record low amid continued slide

DSE hits record low amid continued slide

FE Online Report 2018-05-17 16:28:57

Stocks suffered a big fall Thursday, with prime index of Dhaka Stock Exchange (DSE) dipping to one year lowest level, amid persistent selling spree for the 12 sessions. Market operators said invest...

MCCI for all-out effort to mobilise investment

MCCI for all-out effort to mobilise investment

FE Online Report 2018-05-17 15:03:40

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has stressed the need for increasing the level of investment in the country. “(An) All-out effort will be needed to mobilise inve...

Renata to set-up subsidiary in UK

Renata to set-up subsidiary in UK

FE Online Report 2018-05-17 12:24:05

The board of directors of Renata Limited has given the approval to establish a subsidiary company in UK fulfilling the regulatory requirement to export in the EU countries in the name of Renata (UK)...

Bourses edge down at opening

Bourses edge down at opening

FE Online Report 2018-05-17 11:37:21

The bourses witnessed slightly downward trend amid slow movement in early trading Thursday as investors mostly followed cautious stance amid poor quarterly earnings declarations. Following the prev...

Stock exchanges to form CCBL in a week

Stock exchanges to form CCBL in a week

FE Report 2018-05-17 11:32:35

The country's stock exchanges will form a new company, namely Centre Counterparty Bangladesh Limited (CCBL), within a week to foster payments system against the shares sold through the trading platf...