Search results for: Bangladesh

Budget does not reflect woes of pandemic-hit people: SANEM 

-- 2022-06-13 20:01:53

South Asian Network for Economic Modeling (SANEM) has said that there is no effort to mitigate the woes of the pandemic-hit people whose incomes were severely affected in the budget.  A large po...

BIDA, BCCCI ink deal for increasing Chinese investment 

-- 2022-06-13 18:40:51

Bangladesh Investment Development Authority (BIDA) and Bangladesh China Chamber of Commerce and Industry (BCCCI) has inked a Memorandum of Understanding (MoU) for working together to increase Chinese...

BGMEA wants to keep 0.5pc source tax for five years  

-- 2022-06-13 18:22:38

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to keep the source tax on export earnings unchanged for at least for next five years to help the sector over...

Is Liton the best wicketkeeper-batsman in the world now?

Neel Rahman 2022-06-13 17:21:30

Liton Das was an enigma for Bangladesh fans. Since his international debut in 2015, and even before for the followers of the domestic cricket of Bangladesh, Liton was something the country’s cri...

Bangladesh sees 22pc jump in fruit production in 12 years: Agriculture minister

-- 2022-06-13 15:01:10

Bangladesh has become a ‘global example of success’ in fruit production over the past few years, but needs to grow the industry more to meet local demand, said Agriculture Minister Abdur...

Shakib’s coincidental hat-trick of captaincy

Aniruddha Bhowmik 2022-06-13 14:42:06

Bangladesh’s greatest ever all-rounder is set to commence on his third stint as Bangladesh captain and as a miraculous coincidence, it's West Indies yet again against whom Shakib will be startin...

Bourses see modest fall at opening

FE ONLINE REPORT 2022-06-13 10:56:32

The stock market opened marginally lower on Monday, the second day after unveiling the national budget as the proposed budget appears to have failed to boost stock investors’ confidence. DSEX,...

Araihazar EZ to be test case to attract FDI, Japanese envoy tells a discussion

FE REPORT 2022-06-13 10:25:01

Japanese ambassador to Bangladesh Ito Naoki on Sunday said the under-construction Araihazar economic zone (EZ) will be a test case for Bangladesh to attract foreign investors at a large scale. Hailin...

Five junk stocks keep rising

FE REPORT 2022-06-13 10:20:58

Prices of five junk stocks are rising 'abnormally' on the Dhaka Stock Exchange (DSE) despite these firms are incurring huge losses and not giving dividends for a long time. Junk stocks have also freq...

MoU inked to begin trading of T-bonds

FE REPORT 2022-06-13 10:14:52

Stakeholders on Sunday signed a memorandum of understanding (MoU) to commence trading of Treasury Bonds (T-bonds) aiming to activate the country's bond market. The representatives of Bangladesh Bank...

No letup in exchange-rate instability, inflation rise

FE REPORT 2022-06-13 08:40:31

Bangladesh's central bank has predicted instability of exchange rate and inflation upturn in the days ahead, too, while the two problems already prevail in the economy. In its quarterly publication...

Planning minister emphasises social stability for budget implementation 

-- 2022-06-12 21:30:51

Planning Minister MA Mannan has said the economy is facing tough challenges now, and social stability is a must in such a situation to implement a budget whatever its size.  Bangladesh Bank and...

Banks must focus on digitalisation, cyber security, says BB governor  

-- 2022-06-12 20:58:20

Bangladesh Bank Governor Fazle Kabir has said banks have to raise attention to digitalisation along with investing more to protect financial operations from hackers.  He said with the developmen...

Forex reserve still at standard level: BB governor

-- 2022-06-12 18:47:49

Bangladesh Bank (BB) Governor Fazle Kabir has said that the country's foreign exchange reserves are still in a standard level.   "The reserves stood at US$41.7 billion, which is good enough to s...

City Bank holds 39th AGM virtually; approves 12.50pc cash, 12.50pc stock dividend

FE ONLINE DESK 2022-06-12 16:43:55

The 39th Annual General Meeting (AGM) of City Bank was held on Sunday on a virtual platform. The Audited Financial Statements for the Bank for the year ended December 31, 2021, were placed before the...

FDI in Bangladesh rose to $2.9bn in 2021, around pre-pandemic level: UNCTAD

-- 2022-06-12 13:13:25

With the economy back to normal amid a rapid fall in COVID-19 cases, foreign direct investment or FDI in Bangladesh has increased almost to the pre-pandemic level, according to the United Nations Conf...

Stocks open lower on post-budget session

FE ONLINE REPORT 2022-06-12 11:56:18

The market opened lower on Sunday, the first session after unveiling the national budget, as there were mixed investor reactions to the proposed budget. DSEX, the prime index of the Dhaka Stock Excha...

CSE for continuation of money whitening thru stock market

FE REPORT 2022-06-12 09:48:09

Chittagong Stock Exchange (CSE) has made a set of demands including the reconsideration of the scope of whitening undisclosed money through capital market by individual taxpayers. The port city b...

Swindled money repatriation: UnSy urges rethinking of decision

FE REPORT 2022-06-12 09:21:41

Local think-tank Unnayan Shamannay (UnSy) urges the government to reconsider its decision to allow launderers to bring back their money from abroad through paying some penalty. If such scheme is in p...

Economists slam less than expected SSNP allocation

FHM HUMAYAN KABIR 2022-06-12 09:04:09

Economists have strongly criticised reduction in budgetary allocations for social safety-net programmes (SSNP) amid higher inflationary pressure in the country. When vulnerable groups have the possib...

Govt liabilities over SOEs' loan guarantees growing

JASIM UDDIN HAROON 2022-06-12 08:41:09

Government liabities over outstanding loans of the state-owned enterprises (SOEs) goes ballooning as they owe Tk 926.01 billion to local and foreign lenders, sources say. The SOE debt overhang, fol...

Proposed budget keeps low-income people under tax net: Wahiduddin Mahmud

-- 2022-06-11 23:01:59

Renowned economist Professor Wahiduddin Mahmud has said proposed budget for upcoming fiscal year has kept low-income people under provision of income tax, avoiding effective measures against tax dodgi...

Abdur Rouf Talukder named central bank governor

FE ONLINE DESK 2022-06-11 17:05:16

Finance Secretary Abdur Rouf Talukder will lead the Bangladesh Bank as the governor for the next four years, the finance ministry's Financial Institutions Division said in a notice on Saturday. Accor...

Children get little attention in budget

SAJIBUR RAHMAN 2022-06-11 13:45:25

Like last two consecutive fiscal years, the child-centric budget report has not been published this year too, thus indicating the government's little attention on their development and wellbeing. T...

Weekly market review: Budgetary hopes keep stocks afloat

BABUL BARMAN 2022-06-11 10:47:13

Stocks extended the gaining streak for a second straight week to Thursday as bargain hunters put fresh bets on selective issues, with an eye on the national budget. Finance Minister AHM Mustafa Kam...

BCI sees FY23 budget as 'time-befitting'

FE REPORT 2022-06-11 09:40:53

The Bangladesh Chamber of Industries (BCI) hails the proposed national budget as 'time-befitting' as it attempted to prioritise people's needs amid challenges from the pandemic and the war. It, how...

Be frugal in forex spending, suggests MCCI

FE REPORT 2022-06-11 09:00:26

Hailing the Tk 6.78-trillion national budget proposed amid ongoing global uncertainties, Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) suggests the government to be frugal in spending...

DSE hails budget for economic dev plan

FE REPORT 2022-06-11 08:45:45

The Dhaka Stock Exchange (DSE) welcomed the proposed budget for the fiscal year (FY) 2022-23 as a 'far-reaching plan' for the country's overall economic development. Finance Minister A H M Mustafa...

‘Bangladesh conducts feasibility studies on 23 countries for inking trade deals’

-- 2022-06-10 18:07:01

Foreign Minister AK Abdul Momen has said Dhaka has already conducted feasibility studies on 23 countries for inking different kinds of economic deals while the country is opening up new markets to rea...

Bangladesh eyes JICA's support for economic development

-- 2022-06-10 17:59:16

While looking back on the cooperation with JICA so far, speakers at a seminar in Tokyo on Friday explored ways to further strengthen the partnership with Bangladesh in the future. They said reaching...