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The Financial Express

Search results for: Bangladesh

Call for forming 'Banking Enquiry Commission' forthwith

Call for forming 'Banking Enquiry Commission' forthwith

FE Report 2018-02-26 09:48:00

The government should move to form a 'Banking Enquiry Commission' immediately to address the problems and irregularities that are 'eating away' at Bangladesh's financial sector, says an expert. "Th...

Infrastructure, policy-induced disincentives major hurdle for LLG export: Study

Infrastructure, policy-induced disincentives major hurdle for LLG export: Study

FE Online Report 2018-02-25 22:27:52

Problems regarding infrastructure pose as one of the major problems affecting the country’s leather and leather goods (LLGs) export, as per a study by Bangladesh Enterprise Institute (BEI).&nbsp...

Regulator asks banks to use Bangla in loan approval letters

Regulator asks banks to use Bangla in loan approval letters

-- 2018-02-25 19:57:55

The central bank has asked the scheduled banks to use Bangla in loan approval letters for implementing the objective of the "Bengali Language Introduction Act, 1987”. A Bangladesh Bank (BB) cir...

Utilising local coal resources a must for cheaper electricity

Utilising local coal resources a must for cheaper electricity

-- 2018-02-25 19:34:48

Fast depleting gas reserve and lack of major initiatives to develop local coal have made it difficult to achieve a sustainable local primary energy source. According to an estimate, Bangladesh would...

Key index slips below 5,900-mark on selling spree

Key index slips below 5,900-mark on selling spree

FE Online Report 2018-02-25 19:14:04

Stocks witnessed yet another bearish session on Sunday – thereby extending the losing streak for the fifth day in a row – with the key index of major bourse going below 5,900-mark. Market...

Shasha Denims to acquire 40pc shares of EOS Textiles

Shasha Denims to acquire 40pc shares of EOS Textiles

FE Online Report 2018-02-25 12:17:37

Shasha Denims Limited (SDL) will acquire 40 per cent stake of EOS Textiles Mills Limited worth approximately Tk 480 million, said an official disclosure on Sunday. The Shasha Denims said approximatel...

Legacy Footwear to open Unit-2

Legacy Footwear to open Unit-2

FE Online Report 2018-02-25 12:08:23

The board of directors of Legacy Footwear has taken a number of decisions including raising fund from the existing directors/sponsors as per the requirements of the company. In this regard, the compa...

United Finance recommends 15pc dividend

United Finance recommends 15pc dividend

FE Online Report 2018-02-25 12:02:46

The board of directors of United Finance has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday. The final app...

DBBL recommends 30pc cash dividend

DBBL recommends 30pc cash dividend

FE Online Report 2018-02-25 11:38:07

The board of directors of Dutch-Bangla Bank Limited (DBBL) has recommended 30 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Sunday. The final approval...

DSEX dips below 5,900-mark in early trading

DSEX dips below 5,900-mark in early trading

FE Online Report 2018-02-25 11:35:06

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading on Sunday as investors were on selling mood. Following the previous week’s sharp fall, the Dha...

BRT project cost doubles

BRT project cost doubles

Munima Sultana 2018-02-25 10:19:16

Cost of the Bus Rapid Transit (BRT) project has more than doubled due to an increase in budgets for its all components, sources said. They said Roads and Highways Department (RHD), leading implementi...

Loan-recovery drive falters as defaulters bamboozle Sonali

Loan-recovery drive falters as defaulters bamboozle Sonali

Jasim Uddin Haroon 2018-02-25 09:46:49

Sonali Bank's classified credits bloated to Tk 137.98 billion in 2017 with its recovery drive dropping to 8.0 per cent as the defaulters allegedly duped the bankers. Sources in the biggest bank of...

Businesses fear political chaos will lead to economic downfall

Businesses fear political chaos will lead to economic downfall

FE Online Report 2018-02-24 19:12:12

Dhaka Chamber of Commerce and Industry (DCCI) requested political parties to refrain from hampering economic development for personal benefits ahead of national elections.    “We call...

Disparity in distribution of wealth getting bigger: Study

Disparity in distribution of wealth getting bigger: Study

-- 2018-02-24 17:48:22

In Bangladesh rising GDP growth and rising income and wealth inequalities walk hand in hand, said the Norwegian envoy in Dhaka citing a study. A recent study by the Centre for Policy Dialogue (CPD) h...

Government to initiate project for creating women ICT entrepreneurs

Government to initiate project for creating women ICT entrepreneurs

-- 2018-02-24 17:05:45

The government has designed a project to create more female entrepreneurs in the Information and Communication Technology (ICT) sector.  The 'She Power Project’, developed under the guidan...

CSE-50 Index sees revision

CSE-50 Index sees revision

FE Online Desk Report 2018-02-24 13:51:00

The CSE-50 Index has been revised on the basis of performance of the CSE-listed companies. The new index will be effective from March 05, 2018. CSE 50 index is reviewed twice in a year. Trust Bank L...

Bangladesh budgeting 'least transparent' in South Asia

Bangladesh budgeting 'least transparent' in South Asia

Mehdi Musharraf Bhuiyan 2018-02-24 10:19:32

Bangladesh's budgeting process is least transparent in South Asia as the system lacks sufficient public participation or oversight, says a survey that attributed the lapses to institutional shortcomin...

Many nowadays prefer metal chests to banks for savings!

Many nowadays prefer metal chests to banks for savings!

Yasir Wardad 2018-02-24 10:00:27

People are now increasingly taking recourse to putting their money in metal chests, commonly known as sinduk, to avoid extra costs and risks of saving with the banking system. A spot check revealed t...

Muhith calls for boosting cotton production to cut import reliance

Muhith calls for boosting cotton production to cut import reliance

FE Report 2018-02-24 09:51:36

Finance Minister AMA Muhith has called for an end to the sugarcane cultivation in the country, saying that the lands used for growing the produce should be used for cotton production instead. "It is...

China likely to confirm $3.0b loan next month

China likely to confirm $3.0b loan next month

FHM Humayan Kabir 2018-02-24 09:35:10

The much-awaited US$3.0 billion (Tk 247.49 billion) Chinese loan for the Padma Bridge railway link mega project is likely to be confirmed next month, as Bangladesh has removed the 'obstacle' to get th...

Average turnover dips 27pc on premier bourse

Average turnover dips 27pc on premier bourse

Babul Barman 2018-02-24 00:00:00

Stocks nosedived last week that ended Thursday, after single-week break, as investors sold shares throughout the week amid ongoing liquidity shortage. Market operators said the persistent liquidity...

Muhith for weaning imported cotton

Muhith for weaning imported cotton

-- 2018-02-23 19:09:34

Finance Minister AMA Muhith Friday emphasised the need to increase cotton production in order to meet ready-made garment (RMG) sector as the sector relies heavily on imported cotton. "Now, the raw ma...

Removing inequalities vital for BD: Norway

Removing inequalities vital for BD: Norway

-- 2018-02-23 16:34:44

Norway has said Bangladesh needs to make sure that the benefits of economic growth continue to reach the poor to remove inequalities in the country.  "It's important to keep up the focus on poor...

BB lowers general provision to raise housing loans

BB lowers general provision to raise housing loans

-- 2018-02-23 14:03:07

The central bank has lowered the required general provision against unclassified housing finance from 2.0 per cent to 1.0 per cent allowing banks to extend more loans for housing. Following an execut...

Islamic banking investment jumps 19pc

Islamic banking investment jumps 19pc

FE Online Report 2018-02-23 13:29:37

The total investment in the country’s Islamic banking sector jumped 19 per cent at the end of December 2017, over the same period of the previous year (2016). Statistics release by the central...

Import from USA crosses $1b

Import from USA crosses $1b

FE Online Report 2018-02-23 12:13:00

Country’s annual import from the United States of America (USA) crossed the US$1 billion-level again after two years in 2017. Statistics release by the US Census Bureau showed that the annual e...

BSEC forms appraisal body after DSE proposal

BSEC forms appraisal body after DSE proposal

FE Report 2018-02-23 10:02:26

The securities regulator BSEC formed a four-member committee on Thursday to look into the proposal from the Dhaka Stock Exchange to pick a Chinese consortium as a strategic partner of Bangladesh's pre...

Ten cos grab 27pc turnover on DSE

Ten cos grab 27pc turnover on DSE

FE Report 2018-02-23 09:31:38

Ten top-traded companies accounted for over 27 per cent of transactions on the country's premier bourse on Thursday, with Square Pharmaceuticals topping the turnover list. Market-insiders said fund...

LTU serves show-cause  to BPDB

LTU serves show-cause to BPDB

FE Report 2018-02-23 00:29:50

The revenue authority issued a show-cause notice to the state-owned Bangladesh Power Development Board (BPDB) on Thursday, claiming payment of Tk 358 million 'unpaid' Value Added Tax (VAT). BPDB coll...

Five million ultra poor to get rice at Tk10

Five million ultra poor to get rice at Tk10

-- 2018-02-22 19:00:45

The government will bring down the price of rice at Tk 10 per kilogram for ultra-poor people from next month. Five million ultra-poor families across the country will get rice at Tk 10 per kilogram t...