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The Financial Express

Search results for: Bangladesh

Merchant banks, portfolio managers asked to invest 10pc of investable funds

Merchant banks, portfolio managers asked to invest 10pc of investable funds

FE REPORT 2022-08-03 10:24:00

Merchant bankers have assured of taking necessary steps to inspire portfolio managers and their clients to help stabilise the market injecting their investable funds. The assurance came from Banglade...

Tax receipts from DSE dip 50pc in July

Tax receipts from DSE dip 50pc in July

FE REPORT 2022-08-03 10:14:05

The government revenue earnings from the Dhaka Stock Exchange (DSE) tumbled 50 per cent year-on-year in July 2022 on the back of falling turnover and reduced trading days. The government collected...

Bangladesh Bank suspends five money changers

Bangladesh Bank suspends five money changers

-- 2022-08-02 18:49:32

Bangladesh Bank (BB) has suspended the operations of five money changers for keeping dollars beyond the limit and other irregularities.  The central bank also sent show-cause notices to 42 money...

Emphasis on building awareness for success of impact investment 

Emphasis on building awareness for success of impact investment 

-- 2022-08-02 18:44:20

Experts have observed that building awareness is critical to the success of impact investment in Bangladesh.  They opined that impact investment is defined as investments made with the intention...

ECNEC approves seven projects worth Tk 20.07 billion

ECNEC approves seven projects worth Tk 20.07 billion

-- 2022-08-02 17:11:54

The Executive Committee of National Economic Council (ECNEC) has development projects with an estimated cost of Tk 20.07 billion.  The meeting also suspended a Tk 2.36 billion project of Teletal...

Exports rise 14.70pc year-on-year in July

Exports rise 14.70pc year-on-year in July

FE Online Report 2022-08-02 16:41:45

The country's merchandise export earnings maintained moderate growth in the first month of the current fiscal year (FY23), posting over 14.70 per cent rise to $3.98 billion year-on-year as a result of...

DSE turnover hits nearly three-month high

DSE turnover hits nearly three-month high

FE ONLINE REPORT 2022-08-02 16:10:28

Stocks extended the winning streak on Tuesday with a turnover on the prime bourse hitting almost three months high as buoyant investors are putting fresh funds on stocks riding on regulatory support....

Teletalk's 5G expansion plan suspended amid forex crunch

Teletalk's 5G expansion plan suspended amid forex crunch

-- 2022-08-02 15:55:37

Prime Minister Sheikh Hasina has decided to put the Tk 2.36 billion 5G network expansion project by state-owned telecom operator Teletalk in ‘important’ Dhaka areas on hold amid Bangladesh...

BSEC for making investments forming own portfolios by issuers

BSEC for making investments forming own portfolios by issuers

FE REPORT 2022-08-02 15:00:06

The securities regulator has urged listed companies to play market supportive roles injecting fresh funds through possible ways including formation of their own portfolios. The Bangladesh Securities...

DSEX exceeds 6200-mark at opening

DSEX exceeds 6200-mark at opening

FE ONLINE REPORT 2022-08-02 12:28:54

The prime index of the Dhaka Stock Exchange (DSE) crossed the 6200-mark in the early trading on Tuesday as the bargain hunters put fresh bets on lucrative stocks riding on regulatory support. The con...

Bangladesh receives $2.09b remittance in July, highest in 14 months

Bangladesh receives $2.09b remittance in July, highest in 14 months

-- 2022-08-01 21:50:12

Expatriates sent inward remittances worth $2.09 billion in July, the first month of the current fiscal year, Bangladesh Bank (BB) report said. The BB report released on Monday stated that the remitta...

Trade deficit crosses $33b in FY22

Trade deficit crosses $33b in FY22

FE ONLINE REPORT 2022-08-01 19:11:38

The country’s deficit in trade in goods with the rest of the world crossed US$33 billion in the last fiscal year (FY22), according to the central bank’s updated statistics released on Mond...

BEPZA economic zone gets $28m more investment 

BEPZA economic zone gets $28m more investment 

-- 2022-08-01 18:46:04

M/s Nova Intima Limited, a Hong Kong-British Virgin Island owned ladies undergarments manufacturing company, has signed an agreement to invest $ 28 million in BEPZA Economic Zone (BEPZA EZ).  El...

Bangladesh Bank hikes interest rate of NFDC

Bangladesh Bank hikes interest rate of NFDC

-- 2022-08-01 18:16:51

Bangladesh Bank (BB) has increased and fixed the interest rate of non-resident foreign currency deposit (NFCD) accounts to encourage inward foreign currency.  For one year and up to three years...

Banks miss CMSMEs stimulus loans disbursement target: BB report

Banks miss CMSMEs stimulus loans disbursement target: BB report

-- 2022-08-01 17:33:36

Despite the central bank's priority, banks have failed to achieve the stimulus loans (phase-2) disbursement target among cottage, micro, small and medium entrepreneurs (CMSMEs). According to the late...

Stocks stay afloat amid increased turnover

Stocks stay afloat amid increased turnover

FE ONLINE REPORT 2022-08-01 16:28:50

Stocks extended the gaining streak for the second straight session on Monday as the bargain hunters showed their buying interest in sector-wise issues by putting some confidence. Following the previo...

Stocks open higher for second day

Stocks open higher for second day

FE ONLINE REPORT 2022-08-01 11:36:10

Stocks opened higher on Monday as the bargain hunters showed their buying interest in sector-wise issues by putting some confidence due to the re-introduction of floor prices. The continuous fall of...

Floor prices undesirable, but imposed to protect investors: BSEC chief

Floor prices undesirable, but imposed to protect investors: BSEC chief

FE REPORT 2022-08-01 09:03:20

The securities regulator had to impose floor prices of shares to 'protect' the general investors, its chief said on Sunday, conceding that such a measure is not desirable in the context of market regu...

Most NBFIs see Jan-June EPS fall

Most NBFIs see Jan-June EPS fall

FE REPORT 2022-08-01 08:32:40

Most of the listed non-bank financial institutions (NBFIs) witnessed fall in their earnings per share (EPS) in the January-June period of 2022 - compared to the same period of the previous year. Mark...

Upskilling youths begins for higher productivity

Upskilling youths begins for higher productivity

FE REPORT 2022-08-01 08:27:00

Upskilling employable youths begins soon for raising productivity at home and remittance from abroad from high-end jobs, as the government prepares a recipe to that end. Sources say the government ha...

Investment climate constraints impede higher growth: US report

Investment climate constraints impede higher growth: US report

FE Online Report 2022-07-31 19:51:29

Investment climate constraints, deficiencies in energy and transportation infrastructure and an opaque regulatory environment have prevented Bangladesh from achieving higher growth, said the US State...

Bangladesh to continue to attract increasing investment despite issues, US govt says 

Bangladesh to continue to attract increasing investment despite issues, US govt says 

-- 2022-07-31 18:30:37

Bangladesh will likely continue to attract increasing investment, despite severe economic headwinds created by the global outbreak of Covid-19, says the United States.  The US sees sustained eco...

Stocks climb as BSEC imposes ‘floor price’

Stocks climb as BSEC imposes ‘floor price’

FE ONLINE REPORT 2022-07-31 15:55:30

Stocks ended sharply higher on Sunday, with all three indices of the prime bourse rose more than 2.0 per cent each, as the stock market regulator set the floor price again on all securities. Followin...

Why can’t Bangladesh produce strikers?

Why can’t Bangladesh produce strikers?

Neel Rahman 2022-07-31 13:45:01

Another season of the Bangladesh Premier League football is closing, and Bashundhara Kings have secured their third title in a row. Considering their recruitment process, cash flow, and infrastructur...

Stocks jump at opening as BSEC sets floor price

Stocks jump at opening as BSEC sets floor price

FE ONLINE DESK 2022-07-31 12:08:18

Stocks jumped at opening on Sunday as the stock market regulator again set the floor price on all securities to arrest the free-fall of the market indices. Continuous fall of stock prices brought dow...

Listed MNCs perform mixed in earnings

Listed MNCs perform mixed in earnings

FE Report 2022-07-31 10:21:31

Listed multinational companies (MNCs) have performed mixed in earnings per share (EPS) for April-June, 2022 compared to the same period of the previous year. Some of the companies' EPS advanced due...

Trade, investment in post-LDC era: Tokyo to help Dhaka on roadmap

Trade, investment in post-LDC era: Tokyo to help Dhaka on roadmap

REZAUL KARIM 2022-07-31 08:09:40

Japan is expected to assist Bangladesh to prepare a roadmap with a view to facing challenges after its graduation from the Least Developed Countries (LDC) club in 2026. To this effect, a five-membe...

Legal framework on access to NDB loans drafted

Legal framework on access to NDB loans drafted

DOULOT AKTER MALA 2022-07-31 07:58:10

Bangladesh has drafted a legal framework to make the way for getting access to credit from the BRICS-led New Development Bank (NDB). The Economic Relations Division (ERD) under the Ministry of Financ...

PM adviser Salman says govt austerity measures, BB’s control paying off

PM adviser Salman says govt austerity measures, BB’s control paying off

FE ONLINE DESK 2022-07-30 10:39:11

Bangladesh prime minister’s Private Industry and Investment Adviser Salman F Rahman has said the austerity measures initiated by the government and the central banks to rein in a bullish trend o...

Ten companies account for 24pc of weekly turnover on DSE

Ten companies account for 24pc of weekly turnover on DSE

FE REPORT 2022-07-30 10:12:50

The ten most-traded companies accounted for 24 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Beximco leading the turnover chart for a third straight week. Mark...