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The Financial Express

Search results for: Bangladesh

Bankers push for further taka devaluation

Bankers push for further taka devaluation

SIDDIQUE ISLAM 2022-05-27 08:36:46

Bangladesh's top bankers are going to suggest the central bank to let the local currency depreciate further by nearly Tk 2.0 against the US dollar to manage the intractable foreign-exchange market....

Serbia keen to invest in food storage industry in Bangladesh 

Serbia keen to invest in food storage industry in Bangladesh 

-- 2022-05-26 20:35:04

Serbian Foreign Affairs Minister Nikola Selakovic has expressed his country’s interest in investing in the food storage industry of Bangladesh.  The visiting minister expressed his interes...

BB to set uniform dollar exchange rate

BB to set uniform dollar exchange rate

-- 2022-05-26 19:24:33

Bangladesh plans to set a uniform dollar-taka exchange rate for international trade to curb currency volatility. Dealers will submit their proposal on Sunday and Bangladesh Bank (BB) will fix the rat...

Stocks stop falling riding on regulatory efforts

Stocks stop falling riding on regulatory efforts

FE ONLINE REPORT  2022-05-26 16:20:49

Stocks bounced back on Thursday amid choppy trading as bargain hunters went on late hours buying spree riding on the securities regulator’s latest effort to lower the downward circuit breaker...

Industrial hub proximity increases employability, finds BIDS study

Industrial hub proximity increases employability, finds BIDS study

FE REPORT 2022-05-26 12:08:20

Proximity to industrial areas tends to provide more employment opportunities in the manufacturing sector, especially for female workers, bridging the gender gap, a study has found. Participation of t...

Stocks open lower despite regulatory efforts

Stocks open lower despite regulatory efforts

FE ONLINE REPORT 2022-05-26 11:47:43

The market opened marginally lower on Thursday, despite the securities regulator imposed 2.0 per cent lowered circuit breaker again, amid confidence crisis among investors The Bangladesh Securities a...

BSEC sets 2.0pc circuit breaker at lower end

BSEC sets 2.0pc circuit breaker at lower end

FE REPORT 2022-05-26 08:59:49

The securities regulator has again set a 2.0-percent circuit breaker at the lower end for prices of all listed securities to contain the ongoing free fall of stocks. The Bangladesh Securities and E...

CAL Bangladesh aims to provide research-based investment services

CAL Bangladesh aims to provide research-based investment services

FE ONLINE REPORT 2022-05-25 17:05:46

CAL Bangladesh, a newly established and first joint-venture foreign brokerage firm in Bangladesh, has announced its plan of providing research-based investment services to investors and stock market....

Stocks extend losing streak amid confidence crisis

Stocks extend losing streak amid confidence crisis

FE ONLINE DESK 2022-05-25 15:20:42

Stocks extended losing streak for the second straight day on Wednesday, despite the regulatory efforts to revamp the ailing market, amid a confidence crisis among investors. Following the previous da...

How Bangladesh can benefit from IPEF

How Bangladesh can benefit from IPEF

JASIM UDDIN HAROON 2022-05-25 08:49:18

The just-launched US-led economic framework holds much potential for Bangladesh to leverage greater economic assistance and development finance, particularly for infrastructure and regional integratio...

Banks asked not to quote higher than BC selling rate

Banks asked not to quote higher than BC selling rate

SIDDIQUE ISLAM 2022-05-25 08:40:45

The central bank on Tuesday issued a fresh directive for quoting rates to the overseas exchange houses engaged in remitting money, aimed at reining in volatility on the forex market. The authorised...

NBFIs urge BB to revise interest rates upward

NBFIs urge BB to revise interest rates upward

FE REPORT 2022-05-25 08:38:36

Top executives of non-bank financial institutions (NBFIs) urge the central bank to revise up interest rates on both lending and deposits to facilitate the sector's smooth run. At a meeting Tuesday, t...

Capital market revised refinancing scheme: Tk 2.05b sought from Bangladesh Bank

Capital market revised refinancing scheme: Tk 2.05b sought from Bangladesh Bank

FE Report 2022-05-25 08:35:18

The capital market refinancing scheme supervision committee has sought Tk 2.05 billion from the central bank for disbursement among market operators under the revised scheme. The committee has sent a...

LDC graduation preparation: Lifting fiscal protection begins with next budget

LDC graduation preparation: Lifting fiscal protection begins with next budget

Doulot Akter Mala 2022-05-25 08:32:03

Phasing out fiscal protection to local industries begins in the upcoming fiscal year by way of taxing those as Bangladesh prepares for open competition after LDC graduation, sources say. In the openi...

Export of BJMC’s privately produced jute products begins

Export of BJMC’s privately produced jute products begins

-- 2022-05-24 20:38:45

Export activities of privately produced jute products has started today, said Textile and Jute Minister Golam Dastagir Gazi.  "The jute sector has been revived with the resumption of export of j...

Firstlead Securities investors seek money refund

Firstlead Securities investors seek money refund

FE ONLINE REPORT  2022-05-24 17:04:49

Affected investors of Firstlead Securities, which allegedly embezzled Tk 100 million of its clients’ funds, demanded their money back as early as possible.  Mohammad Ayub Khan, one of th...

Stocks fall after single-day break

Stocks fall after single-day break

FE ONLINE REPORT 2022-05-24 16:27:43

Stocks backed to the losing streak on Tuesday, after a single-day break, as cautious investors went on a selling binge on sector-wise issues amid ongoing market volatility. Following the previous day...

Enhancing liquidity flow: BSEC raises EIs' investment limit

Enhancing liquidity flow: BSEC raises EIs' investment limit

FE REPORT 2022-05-24 10:22:43

The securities regulator has taken another initiative to increase liquidity flow in the capital market by enhancing the stipulated investment ceiling, set for availing IPO (initial public offering) qu...

Capital market refinancing scheme: Injection of Tk 3.0b into stocks soon

Capital market refinancing scheme: Injection of Tk 3.0b into stocks soon

MOHAMMAD MUFAZZAL 2022-05-24 08:45:41

Trade operators are set to receive around Tk 3.0 billion in immediate injection from the capital-market refinancing scheme worth 10.09 billion, amid government intervention to stimulate the bourses....

NBR misses revenue collection target in 10 months of FY22

NBR misses revenue collection target in 10 months of FY22

FE ONLINE DESK 2022-05-23 19:40:37

The National Board of Revenue (NBR) has missed the revenue collection target in the first 10 months (July-April) of the current fiscal year (FY22). The National Board of Revenue (NBR) has collected T...

Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI 

Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI 

-- 2022-05-23 19:30:15

The achievement of sustainable development goals by 2030 will be jolted unless a vigorous growth of tourism in the country, said the Federation of Bangladesh Chambers of Commerce and Industry on Monda...

Bangladesh Bank moves to encourage remittance inflow to boost forex 

Bangladesh Bank moves to encourage remittance inflow to boost forex 

-- 2022-05-23 18:26:51

Bangladesh Bank has withdrawn the provision of mandatory submission of documents for getting incentive against inward remittance of USD $5000 or Tk 50,0000 and upward, in a move to encourage greater i...

Stocks rebound strongly owing to govt moves

Stocks rebound strongly owing to govt moves

FE ONLINE REPORT 2022-05-23 15:56:17

The market rebounded strongly on Monday, snapping an eight-day sharp fall, as investors put fresh bets on major sector stocks, riding on the government steps to help revamp the ailing market. The sec...

Taka depreciates further by 40 paisa against US$

Taka depreciates further by 40 paisa against US$

Siddique Islam 2022-05-23 13:15:25

The exchange rate of Bangladesh taka (BDT) has dropped significantly against US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The local currency lost i...

DSEX jumps over 100 points at opening on govt moves

DSEX jumps over 100 points at opening on govt moves

FE ONLINE REPORT 2022-05-23 11:48:29

The market witnessed a steep rise at the opening on Monday, after hitting an 11-month low the previous day, as the government framed rescue packages with fresh financial injections. Following the new...

Money whitening new bait : Bangladeshi passport holders can avail with penal tax

Money whitening new bait : Bangladeshi passport holders can avail with penal tax

Doulot Akter Mala 2022-05-23 08:56:13

The government envisages fresh baits for repatriating siphoned-off money with a budgetary measure allowing Bangladeshi-passport holders to get their 'black money' whitened with penal tax. The new mea...

Boost investment in stock market, Finance Minister directs regulators

Boost investment in stock market, Finance Minister directs regulators

-- 2022-05-22 19:52:01

Finance Minister AHM Mustafa Kamal at a meeting with Bangladesh Bank (BB) Governor Fazle Kabir and other senior officials of the ministry asked them to work on boosting stock market investment. He sa...

BSEC extends margin loan limit to increase liquidity

BSEC extends margin loan limit to increase liquidity

-- 2022-05-22 18:33:09

Bangladesh’s capital market regulator has increased the margin loan limit in an effort to increase liquidity in the market and counteract the recent dip in the stock market. On Sunday, the Bang...

BEA places Tk 20.50 trillion budget proposal for FY23 

BEA places Tk 20.50 trillion budget proposal for FY23 

-- 2022-05-22 17:32:42

The Bangladesh Economic Association (BEA) has placed a Tk 20.50 trillion (20,50,036-crore) budget proposal for the next fiscal year (FY23).  BEA President Dr Abul Barkat placed the proposals at...

Forex reserves improve slightly

Forex reserves improve slightly

FE ONLINE DESK 2022-05-22 16:42:49

Bangladesh’s foreign exchange reserves have improved a little to stand at $42.30 billion, which was at $41.92 billion on May 10. "Recently, the reserve of foreign exchange was a slight dip belo...