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The Financial Express

Search results for: Bangladesh

Banks’ savings deposits surge

Banks’ savings deposits surge

JASIM UDDIN HAROON 2022-07-23 08:27:44

Savings deposits in Bangladesh's banks have ballooned in recent years notwithstanding the pandemic and lower rates of interest, as, economists believe, investment activity slowed. Such deposit accumu...

Korean businesses encouraged to seize opportunity offered by Bangladesh

Korean businesses encouraged to seize opportunity offered by Bangladesh

-- 2022-07-22 18:12:54

Director General of the Korea Trade-Investment Promotion Agency (KOTRA) Kim Jong-won has encouraged the Korean business executives to reorient their focus and policy priorities toward Bangladesh and s...

WB increases support for climate action in developing countries

WB increases support for climate action in developing countries

FE ONLINE REPORT 2022-07-22 17:56:14

The World Bank Group on Friday announced its new Climate Change Action Plan aiming to provide record levels of climate financing to developing countries, reduction of emissions, strengthen adaptation,...

LafargeHolcim Q2 EPS jumps 10 per cent

LafargeHolcim Q2 EPS jumps 10 per cent

FE REPORT 2022-07-22 10:03:43

LafargeHolcim Bangladesh, a publicly listed company, has registered a 10 per cent growth in its EPS (earnings per share) for April-June (Q2) of 2022, compared to the same quarter of the previous year....

RAK Ceramics to set up bath fittings plant

RAK Ceramics to set up bath fittings plant

FE REPORT 2022-07-22 09:57:38

RAK Ceramics (Bangladesh), a UAE-Bangladesh joint venture company, is going to invest in faucets business by establishing a new plant at an estimated cost of Tk 950 million. "The board of directors o...

BSEC asks asset management companies to help revive market sentiment

BSEC asks asset management companies to help revive market sentiment

FE REPORT 2022-07-22 09:50:45

The securities regulator has asked the Asset Management Companies (AMCs) not to behave like retail investors, and instead play a supportive role to help revive the sluggish capital market. The Bangla...

Bangladesh Bank forms Credit Guarantee Department

Bangladesh Bank forms Credit Guarantee Department

FE REPORT 2022-07-22 09:20:11

The Bangladesh Bank (BB) has formed a new department named Credit Guarantee Department as part of expanding its activities relating to providing credit guarantee facilities to small firms, especially...

BDT slips further vs dollar

BDT slips further vs dollar

FE REPORT 2022-07-22 09:11:50

The Bangladesh Taka (BDT) has further depreciated significantly against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The local currency lost it...

BD growth exceeds projection: ADB

BD growth exceeds projection: ADB

FE REPORT 2022-07-22 08:43:34

Bangladesh's economic growth has exceeded the rate, as was projected by the Asian Development Bank (ABD). The Manila-based multilateral lender said this in its July Asian Development Outlook (ADO) su...

Debapriya emphasises roadmap for debt repayment of 20 mega projects

Debapriya emphasises roadmap for debt repayment of 20 mega projects

-- 2022-07-21 17:54:19

Economist Dr Debapriya Bhattacharya on Thursday called for a roadmap for debt repayment of the top mega projects which will be started between 2024 and 2026. "A major shock is coming to the economy b...

Stocks extend losses for eight days

Stocks extend losses for eight days

FE ONLINE REPORT 2022-07-21 16:49:58

Stocks extended the losing streak for the eight consecutive sessions Thursday as the late hours selling pressure wiped-out the early gains. The market opened higher and the key index rose about 60 po...

BIFC jumps 39pc in five days

BIFC jumps 39pc in five days

FE REPORT 2022-07-21 14:04:26

The share price of Bangladesh Industrial Finance Company (BIFC), a junk stock, is rising 'abnormally' as the company topped the gainers' list for the second straight session on Wednesday. The scam-hi...

Take steps to make capital market vibrant: PM

Take steps to make capital market vibrant: PM

FE REPORT 2022-07-21 13:33:42

Prime Minister Sheikh Hasina has advised the Bangladesh Securities and Exchange Commission (BSEC) to do the needful for keeping the country's stock market stable. "The Prime Minister wants to see a v...

Stocks open higher after seven-day slump

Stocks open higher after seven-day slump

FE ONLINE REPORT 2022-07-21 11:52:00

Stocks opened higher on Thursday, after a seven-day slump, as bargain hunters were showing their buying interest in lucrative issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up...

IMF team cites weaknesses on macroeconomic front

IMF team cites weaknesses on macroeconomic front

FE REPORT 2022-07-21 09:30:56

An International Monetary Fund (IMF) economic appraisal mission noted with concern Bangladesh's low tax-GDP ratio, non-performing loan (NPL) buildup in the banking system and rising inequality, offici...

Tk 300b tax revenue deficit in FY '22

Tk 300b tax revenue deficit in FY '22

DOULOT AKTER MALA 2022-07-21 08:42:28

The tax revenue collection has faced nearly Tk 300 billion shortfall in the previous fiscal year (FY), 2021-22, although the tax-collecting wings have achieved double-digit growth over their previous...

Bangladeshi startups net $90m in H1

Bangladeshi startups net $90m in H1

FE REPORT 2022-07-21 08:26:16

Bangladeshi startups have raised nearly $90 million in investment in the first half of the running calendar year, according to a study report. Of the latest investment, business-to-business platform...

BGMEA seeks IMF support in realising strategic vision of RMG industry

BGMEA seeks IMF support in realising strategic vision of RMG industry

-- 2022-07-20 20:55:05

BGMEA President Faruque Hassan has sought the support of the International Monetary Fund (IMF) in realising the vision of the RMG industry, which in turn would contribute to the development of Banglad...

We don’t need any loan from IMF right now, says finance minister

We don’t need any loan from IMF right now, says finance minister

-- 2022-07-20 18:43:10

Finance Minister AHM Mustafa Kamal has dismissed a media report that Bangladesh is seeking a loan of $4.5 billion in aid for economic recovery. “Neither had we placed any proposal to IMF for a...

Stocks extend losing streak for seven straight sessions

Stocks extend losing streak for seven straight sessions

FE ONLINE REPORT 2022-07-20 16:54:48

Stocks extended the losing streak for seven straight sessions on Wednesday as the jittery investors kept their sell-off amid deepening economic uncertainty. After witnessing volatility throughout the...

BB unveils refinancing scheme of Tk 250b for small businesses

BB unveils refinancing scheme of Tk 250b for small businesses

-- 2022-07-20 15:54:54

Bangladesh Bank (BB) has announced a refinancing scheme of Tk 250 billion for cottage, micro, small and medium entrepreneurs. Under this scheme, banks and financial institutions can disburse loans th...

Bangladesh sets export target of $67b for FY23

Bangladesh sets export target of $67b for FY23

-- 2022-07-20 15:17:06

Bangladesh is aiming to set a new record for export earnings in fiscal 2022-23 even as the war in Ukraine rattles the global economy. The government is targetting $67 billion in revenues from exports...

Bourses slump at opening

Bourses slump at opening

FE ONLINE REPORT 2022-07-20 12:24:37

Stocks opened lower on Wednesday, maintaining the bearish trend, as the edgy investors kept their sell-off to exit from the market amid the deepening economic uncertainty. Following the previous day&...

82,668 BO accounts closed in one and a half months

82,668 BO accounts closed in one and a half months

FE REPORT 2022-07-20 10:28:39

A total of 82,668 active BO (beneficiary owner) accounts were shut down in nearly one and a half months due to multiple reasons, including non-payment of account maintenance fees. The number of activ...

92.79pc ADP executed in FY22

92.79pc ADP executed in FY22

FE REPORT 2022-07-20 09:35:37

With the record-highest single-month spending, government agencies implemented 92.79 per cent of the Annual Development Programme (ADP) in fiscal year (FY) 2021-22, officials said on Tuesday. In the...

Recovery to rise, dev process to accelerate

Recovery to rise, dev process to accelerate

FE REPORT 2022-07-20 09:32:40

A fresh loan-rescheduling and- restructuring policy the central bank has just issued would help raise recovery of huge unpaid loans and facilitate overall economic activities amid the exigencies of pa...

Inflation bites, as rate soars to 9-year high

Inflation bites, as rate soars to 9-year high

FHM Humayan Kabir 2022-07-20 09:31:01

Bangladeshis also feel bitter bite of inflation as its point-to-point rate climbed to 7.56 per cent last month, a nine-year high, amid erratic price rises. Meanwhile, the average inflation rate in th...

Inflation hits nine-year high of 7.56pc in June

Inflation hits nine-year high of 7.56pc in June

-- 2022-07-19 18:19:39

Bangladesh witnessed an nine-year high of 7.56 per cent inflation rate in June, the last month of FY22, as per state-owned BBS data. This important indicator of the economy rose by 7.42 per cent in M...

ECNEC approves second revision of MRT-6 project

ECNEC approves second revision of MRT-6 project

-- 2022-07-19 17:55:35

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the second revision of the much-hyped Dhaka Mass Rapid Transit Development (Line-6) project with an additional cost...

Stocks keep bleeding as economic worry grows

Stocks keep bleeding as economic worry grows

FE ONLINE REPORT 2022-07-19 16:48:25

Stocks witnessed yet another major fall on Tuesday as the jittery investors continued to dump their holdings amid deepening economic uncertainty. The market saw a free-fall from the beginning of the...