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The Financial Express

Search results for: Bangladesh

Navana Pharma’s cut-off price fixed at Tk 34 each

Navana Pharma’s cut-off price fixed at Tk 34 each

FE ONLINE REPORT 2022-07-13 19:08:08

The cut-off price per share of Navana Pharmaceuticals has been fixed at Tk 34 through electronic bidding by eligible investors. The eligible investors (EIs) took part in the price discovery of the co...

Stocks keep losing amid growing economic worries

Stocks keep losing amid growing economic worries

FE ONLINE REPORT 2022-07-13 16:13:46

Stocks extended the losing streak for the second straight session on Wednesday as investors released their holdings amid growing macroeconomic worries. The market opened on a positive note and the ke...

Stocks slide at opening amid cautious trading

Stocks slide at opening amid cautious trading

FE ONLINE REPORT 2022-07-13 11:13:04

Stocks opened lower on Wednesday as investors were mostly cautious amid growing macroeconomic worries. Following the previous day’s modest fall, DSEX, the prime index of the Dhaka Stock Exchang...

BD Paints keeps rising since debut

BD Paints keeps rising since debut

FE REPORT 2022-07-13 09:23:27

The stock price of newly-listed Bangladesh Paints is rising 'abnormally' since debut a month earlier as it created an 'irrational hype' among investors. Within a month since its debut, the SME compan...

Taming inflation to get top priority, says new central bank governor

Taming inflation to get top priority, says new central bank governor

-- 2022-07-12 22:18:42

Abdur Rouf Talukder, the new governor of Bangladesh Bank, has said containing inflation would be his top priority. The new governor also stressed the need for bringing back stability in the foreign e...

Forex reserves slip below $40b for first time in two years

Forex reserves slip below $40b for first time in two years

-- 2022-07-12 19:41:19

Bangladesh's foreign exchange reserves on Tuesday declined to US$39.77 billion, according to updated data from the central bank. This is the first time in two years that the reserve dropped below the...

Stocks drop post-Eid first session

Stocks drop post-Eid first session

FE ONLINE REPORT 2022-07-12 16:39:40

Stocks fell marginally on Tuesday, the first day after Eid holidays, as investors were mostly cautious amid growing macroeconomic worries. The market opened on a positive note and the key index rose...

Abdur Rouf Talukder joins Bangladesh Bank as governor

Abdur Rouf Talukder joins Bangladesh Bank as governor

-- 2022-07-12 14:38:03

Eight days after his predecessor left, former Senior Secretary Abdur Rouf Talukder has joined Bangladesh Bank as its twelfth governor. Abdur Rouf arrived at the central bank headquarters by car at...

Stocks open mixed after Eid break

Stocks open mixed after Eid break

FE ONLINE REPORT 2022-07-12 11:38:20

Stocks witnessed a mixed trend on Tuesday, after the Eid holidays, as investors were mostly cautious amid growing macroeconomic worries. After the first hour of trading, DSEX, the prime index of the...

Stock trading resumes Tuesday after Eid break

Stock trading resumes Tuesday after Eid break

FE ONLINE REPORT  2022-07-11 13:08:00

Trading and official activities on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will resume tomorrow (Tuesday) after Eid break.  The bourses remained closed for four days f...

Intraco tops DSE gainers’ chart riding on merger news

Intraco tops DSE gainers’ chart riding on merger news

FE REPORT 2022-07-09 08:40:59

Intraco Refueling Station Ltd (IRSL) led the gainers' chart of Dhaka Stock Exchange (DSE) in the outgoing week, as the company announced that it will merge its five subsidiaries with the parent comp...

Inflation, forex rate the key MPS challenges

Inflation, forex rate the key MPS challenges

FE REPORT 2022-07-08 08:22:55

Keeping inflation within a tolerable level and stabilising foreign-exchange rate would be the key challenges of the monetary policy for the current fiscal year (FY 2022-23), economists said at a progr...

Stocks end almost flat following bumpy ride

Stocks end almost flat following bumpy ride

FE ONLINE REPORT 2022-07-07 16:12:51

Stocks finished almost flat on Thursday amid persistent bearish sentiment as investors mostly cautious to put fresh funds in stocks ahead of Eid vacation. This was the last trading day before Eid hol...

Bangladesh tour of Zimbabwe: ODI series to be reduced to 3 matches

Bangladesh tour of Zimbabwe: ODI series to be reduced to 3 matches

Afif Chowdhury 2022-07-07 15:32:15

Bangladesh National Cricket Team will tour Zimbabwe this August to play three ODIs and the same number of T20 internationals revealed Bangladesh Cricket Board (BCB) CEO Nizam Uddin Chowdhury. Initial...

DSE up, CSE down at opening

DSE up, CSE down at opening

FE ONLINE REPORT 2022-07-07 11:42:36

Dhaka stocks opened marginally higher on Thursday while the Chittagong Stock Exchange saw a downturn in the early hour of trading. Market operators said most investors remained followed a cautious st...

Budget support: 2nd round of negotiation with IMF next week

Budget support: 2nd round of negotiation with IMF next week

FHM HUMAYAN KABIR 2022-07-07 08:42:04

The government will hold the second round of negotiations with the International Monetary Fund (IMF) next week to discuss terms and conditions of a proposed budgetary support, officials said. A missi...

AB Bank holds 40th AGM; approves 2pc cash, 3pc stock dividend

AB Bank holds 40th AGM; approves 2pc cash, 3pc stock dividend

FE ONLINE DESK  2022-07-06 21:33:46

AB Bank Limited held its 40th Annual General Meeting (AGM) through a virtual platform on Wednesday.  In the AGM, shareholders approved 2.0 per cent cash dividend and 3.0 per cent...

Bangladesh Bank tightens belt on forex reserve 

Bangladesh Bank tightens belt on forex reserve 

-- 2022-07-06 17:51:42

The central bank has tightened spending on the foreign exchange reserve to judiciously meet the cost of importing essential commodities and fuel.  As part of this move, Bangladesh Bank has impos...

Stocks back to losing after single-day break

Stocks back to losing after single-day break

FE ONLINE REPORT 2022-07-06 15:54:57

The stock market ended slightly lower on Wednesday, after a single-day break, as investors followed a cautious stance amid a global fuel price hike and possible impact on the country’s economy....

Stocks post modest rise as bargain hunters keep buying interest on selective issues

Stocks post modest rise as bargain hunters keep buying interest on selective issues

FE ONLINE REPORT 2022-07-06 11:31:35

Stocks opened marginally higher on Wednesday as the bargain hunters kept their buying interest on selective issues ahead of Eid festival. Only one trading day is left before Eid holidays as the marke...

ADN Telecom to acquire 60pc stake of SOS Developments

ADN Telecom to acquire 60pc stake of SOS Developments

FE REPORT 2022-07-06 11:02:05

ADN Telecom, a listed IT company, is going to acquire 60 per cent stake of non-listed SOS Developments. ADN will invest Tk 20 million to acquire the company. The telecommunication service provider h...

DSE refunds Tk 47.60m to 432 affected investors

DSE refunds Tk 47.60m to 432 affected investors

FE REPORT 2022-07-06 10:26:29

The affected investors whose funds were embezzled by three brokerage firms -- Banco Securities, Crest Securities and Tamha Securities-started to get back their money. The Dhaka Stock Exchange (DSE) h...

NBR upbeat on nearing tax target in FY22

NBR upbeat on nearing tax target in FY22

FE REPORT 2022-07-06 08:50:36

The kingpin of the revenue board pins high hopes on reaching closer to the target of tax-revenue collection in the just-concluded fiscal year. A target is given expecting high growth which may not be...

BD commercial debts swell to nearly $25b

BD commercial debts swell to nearly $25b

JASIM UDDIN HAROON 2022-07-06 08:38:44

Commercial borrowings under the private sector increased significantly by $6.3 billion to nearly $25.0 billion during the nine- month period of the immediate-past fiscal year. Of the commercial borro...

BB re-fixes MFS transaction limit

BB re-fixes MFS transaction limit

-- 2022-07-05 18:33:38

Bangladesh Bank (BB) has re-fixed the Mobile Financial Services (MFS) Transaction limit. The central bank has re-fixed the daily money transfer from Mobile Financial Service (MFS) to a bank account a...

Stocks rebound after two-day fall

Stocks rebound after two-day fall

FE ONLINE REPORT 2022-07-05 16:26:54

Stocks returned to the gaining on Tuesday, snapping a two-day losing streak, as pre-Eid sale pressure eased to some extent. Only two trading days are left before Eid holidays as the market will remai...

BGMEA targets $100 billion apparel export by 2030

BGMEA targets $100 billion apparel export by 2030

FE ONLINE REPORT 2022-07-05 15:14:59

The country’s readymade garment (RMG) exporters set US$ 100 billion export earnings by 2030. During the period, the sector is also expected to create employment for a total of 6.0 million peopl...

Govt bars import loans for luxury goods to rein in trade deficit

Govt bars import loans for luxury goods to rein in trade deficit

-- 2022-07-05 12:02:38

Banks have been instructed not to offer any credit facility for the import of luxury goods, including fruit, cars and electronics, in a bid to ease pressure on foreign currency reserves as Bangladesh'...

Silver jubilee celebration of ICSB held

Silver jubilee celebration of ICSB held

FE REPORT 2022-07-05 10:43:33

Demand for professionals like the chartered secretaries (CS) will be on the rise in coming days to help ensure corporate governance as more multinational companies are showing greater interest to inve...

Digital banking is the ‘quintessence of Dhaka Bank’, says its chairman

Digital banking is the ‘quintessence of Dhaka Bank’, says its chairman

SIDDIQUE ISLAM 2022-07-05 10:24:37

Dhaka Bank Limited wants to attract new customers through providing world-class services using the latest technologies, the bank's top policy maker has said. "We're committed to provide time-bound se...