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The Financial Express

Search results for: Bangladesh

Bangladesh-tied money in Swiss banks swells 54pc

Bangladesh-tied money in Swiss banks swells 54pc

ASJADUL KIBRIA 2022-06-17 08:30:07

Funds parked by Bangladeshi nationals and entities in all the Swiss banks swelled by 54 per cent to around CHF (Swiss Franc) 871 million (Tk 83.18 billion) in the last calendar year, according to av...

CPD for fiscal policy to protect low earners

CPD for fiscal policy to protect low earners

-- 2022-06-16 19:40:12

Speakers at a dialogue of the Centre for Policy Dialogue (CPD) have laid emphasis on using appropriate fiscal policy to protect low and limited earners in the country.  They observed that the go...

PM seeks Japanese support to become developed nation by 2041

PM seeks Japanese support to become developed nation by 2041

-- 2022-06-16 19:25:28

Prime Minister Sheikh Hasina has sought Japanese support to fulfil Bangladesh's vision to become a developed nation by 2041.  The prime minister on Thursday said, "Japan-Bangladesh-Comprehensive...

Bangladesh to get $143m ADB loan to improve trade facilitation

Bangladesh to get $143m ADB loan to improve trade facilitation

-- 2022-06-16 17:54:32

The Asian Development Bank (ADB) and the government of Bangladesh have signed agreements for a $143 million policy-based loan to improve the volume, efficiency, predictability and security of cross-bo...

DSE key index exceeds 6400-mark

DSE key index exceeds 6400-mark

FE ONLINE REPORT  2022-06-16 17:07:44

Stocks extended the gaining streak for the second straight day on Thursday as bargain hunters continued their buying interest on lucrative issues.  The market opened higher in the morning and th...

Bourses witness uptrend in early trading

Bourses witness uptrend in early trading

FE ONLINE REPORT 2022-06-16 12:25:03

Stocks opened higher on Thursday, maintaining the previous day’s positive trend, as the bargain hunters continued their buying binge on lucrative issues. DSEX, the prime index of the Dhaka Stoc...

State minister supports merchant bankers' demand

State minister supports merchant bankers' demand

FE REPORT 2022-06-16 10:07:37

The state minister for planning Dr. Shamsul Alam has supported merchant bankers' demand of whitening undisclosed money in the capital market. The state minister echoed the merchant bankers' demand on...

Smuggled money be back, bourses to be bullish

Smuggled money be back, bourses to be bullish

FE REPORT 2022-06-16 08:30:42

It is systemic fault that creates black money in Bangladesh, says Finance Minister AHM Mustafa Kamal as he bets big on budget baits for repatriation of the siphoned-off funds. "Whoever possesses land...

BSEC allows Global Islami Bank to raise Tk 4.25b through IPO

BSEC allows Global Islami Bank to raise Tk 4.25b through IPO

FE ONLINE REPORT  2022-06-15 20:34:22

The stock market regulator has allowed Global Islami Bank to raise Tk 4.25 billion from the capital market under the fixed price method.  The approval came on Wednesday at a meeting held at the...

Almost all owners of flats, lands in Dhaka are black money holders: Finance minister

Almost all owners of flats, lands in Dhaka are black money holders: Finance minister

-- 2022-06-15 20:06:22

Almost all owners of flats or lands in Dhaka city are black money holders as they can register their properties showing much lower rates due to an improper system, according to Finance Minister AHM Mu...

Execution of mega projects won’t affect economy, says PM

Execution of mega projects won’t affect economy, says PM

-- 2022-06-15 19:16:10

Prime Minister Sheikh Hasina on Wednesday said the economy and foreign exchange reserves of the country will not face any adverse impact due to the implementation of the mega projects. The prime mini...

BB to release new notes on June 29

BB to release new notes on June 29

-- 2022-06-15 18:37:31

Bangladesh Bank (BB) will start releasing new notes of taka in exchange of old notes from June 29   ahead of Eid-Ul-Azha. The exchange will continue till July 7.  People can collect bu...

Stocks snap four-day losing streak

Stocks snap four-day losing streak

FE ONLINE REPORT  2022-06-15 18:07:25

Stocks ended marginally higher on Wednesday, snapping a four-day losing streak, as bargain hunters showed their buying interest in lucrative issues.  DSEX, the prime index of the Dhaka Stock E...

Decision on petroleum price hike soon, says finance minister

Decision on petroleum price hike soon, says finance minister

-- 2022-06-15 17:12:44

Finance Minister AHM Mustafa Kamal has said a decision on raising the petroleum prices will come soon. “You will get informed whenever the decision is made,” he told reporters while virtu...

Bangladesh vs West Indies 1st Test: Repetition of the past or a new story?

Bangladesh vs West Indies 1st Test: Repetition of the past or a new story?

Neel Rahman 2022-06-15 15:50:43

Bangladesh are in West Indies for a full tour, and the two-match Test series begins on June 16 at Antigua. For Bangladesh, this is a new chapter as Shakib Al Hasan will begin his third tenure as the...

Stocks open higher after four-day slump

Stocks open higher after four-day slump

FE ONLINE REPORT 2022-06-15 11:37:14

The stock market opened higher on Wednesday as the bargain hunters were showing their buying interest on sector-specific stocks after a four-day price correction. DSEX, the prime index of the Dhaka S...

Monno Fabrics keeps soaring sans PSI

Monno Fabrics keeps soaring sans PSI

FE REPORT 2022-06-15 10:08:18

Monno Fabrics has been witnessing an unprecedented price hike and increase in volume of shares even though there is no undisclosed price sensitive information (PSI). Just in five trading days, the co...

Push to improve financial literacy of women investors

Push to improve financial literacy of women investors

FE REPORT 2022-06-15 10:01:39

Experts at a workshop suggested improving the financial literacy of women investors to enhance their participation in the capital market. They said that if women investors come to the market with pri...

Dev projects finally pushed through

Dev projects finally pushed through

FE REPORT 2022-06-15 08:59:44

As often in Bangladesh, implementation of development projects goes great guns at the fag-end of fiscal year as government agencies recorded single-month performance at 16.5 per cent in May. The May...

Kuwait urged to recruit Bangladeshi medical professionals

Kuwait urged to recruit Bangladeshi medical professionals

-- 2022-06-14 18:37:33

The Foreign Minister Dr AK Abdul Momen has urged Kuwait to recruit more medical professionals including nurse and medical technicians from Bangladesh.  He made the remarks while outgoing Kuwat...

Japanese IT companies urged to explore business opportunities in Bangladesh

Japanese IT companies urged to explore business opportunities in Bangladesh

-- 2022-06-14 18:29:17

The Japanese Information technology (IT) companies have been urged to explore business opportunity in Bangladesh as Dhaka is offering various facilities and supports to the investors in the IT sector...

ADB to provide $250m to boost social protection in Bangladesh

ADB to provide $250m to boost social protection in Bangladesh

-- 2022-06-14 18:14:30

Bangladesh Government and the Asian Development Bank (ADB) have signed an agreement for a US$250 million policy-based loan to further improve the social protection system in the country for supporting...

ECNEC clears 10 projects involving Tk 108.85 billion 

ECNEC clears 10 projects involving Tk 108.85 billion 

-- 2022-06-14 17:31:18

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 10 projects involving Tk 108.85 billion.   The meeting on Tuesday approved six fresh projects and fo...

Stocks extend losing streak amid macroeconomic worries

Stocks extend losing streak amid macroeconomic worries

FE ONLINE REPORT 2022-06-14 16:36:09

Stocks extended the losing streak on Tuesday as investors continued sell-off shares amid the country’s macroeconomic worries. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down...

Stocks open mixed amid cautious trading

Stocks open mixed amid cautious trading

FE ONLINE REPORT 2022-06-14 11:42:36

The stock market opened with a mixed trend on Tuesday as investors were mostly cautious amid the instability of the exchange rate and rising inflation. DSEX, the prime index of the Dhaka Stock Exchan...

'Budget lacks clear outline to reduce inflation, boost private investment'

'Budget lacks clear outline to reduce inflation, boost private investment'

FE REPORT 2022-06-14 10:11:59

International Business Forum of Bangladesh (IBFB) on Monday said the country's proposed budget doesn't have a clear outline on how to reduce mounting inflation, boost private investment and find suppo...

DSE for widening tax gap between listed, non-listed companies

DSE for widening tax gap between listed, non-listed companies

FE REPORT 2022-06-14 09:50:36

Dhaka Stock Exchange (DSE) has urged the government to widen the gap between the rates of corporate tax paid by listed and non-listed companies. The premier bourse DSE said the gap between the rates...

New MPS reverses expansionary policy

New MPS reverses expansionary policy

SIDDIQUE ISLAM 2022-06-14 09:42:24

Formulating a new monetary policy for Bangladesh gets underway with top priority on curbing inflation and helping productive sectors for achieving maximum economic growth, officials say. The priori...

New global supports for LDCs sought at WTO meet

New global supports for LDCs sought at WTO meet

DOULOT AKTER MALA 2022-06-14 08:48:34

Bangladesh and other Least Developed Countries (LDCs) joined voices at the WTO ministerial conference to demand some "new international support measures" in the trade regime for salvaging their pand...

Taka loses its value by 50 paisa against US dollar

Taka loses its value by 50 paisa against US dollar

FE ONLINE REPORT 2022-06-13 20:53:30

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