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The Financial Express

Search results for: Bangladesh

Four state-owned banks urged to inject fresh funds into capital market

Four state-owned banks urged to inject fresh funds into capital market

MOHAMMAD MUFAZZAL 2022-04-21 10:07:05

The securities regulator has requested four state-owned commercial banks to inject fresh funds into the capital market through formation of special fund. The Bangladesh Securities and Exchange Commis...

Black money mostly skips whitening scheme

Black money mostly skips whitening scheme

DOULOT AKTER MALA 2022-04-21 08:27:18

Government's tightened money-whitening scheme for the current fiscal fails to rope in the hidebound wealth-holders because of high penal taxes charged for the seal of legitimacy. Economists and tax...

‘Digitising payments to boost GDP by 1.7pc’

‘Digitising payments to boost GDP by 1.7pc’

-- 2022-04-20 21:51:32

Digitisation of payments would boost gross domestic product (GDP) by 1.7 per cent, an addition of $6.2 billion (Tk 500.58 billion) annually to the economy of Bangladesh. The United Nations-based Bett...

Kamal to place national budget for FY23 on June 9

Kamal to place national budget for FY23 on June 9

-- 2022-04-20 19:46:36

Finance Minister AHM Mustafa Kamal has informed that the budget for the upcoming fiscal year (FY23) would be placed in parliament on June 9. The minister said this in a press briefing after a meeting...

Bangladesh Bank starts releasing new notes ahead of Eid

Bangladesh Bank starts releasing new notes ahead of Eid

-- 2022-04-20 18:12:25

Bangladesh Bank on Wednesday started releasing new notes of Tk 10, Tk 20, Tk 50 and Tk 100 in the market ahead of Eid-ul Fitr. The central bank will continue releasing new notes until April 28 throug...

BSEC raises lower limit circuit breaker to 5.0pc

BSEC raises lower limit circuit breaker to 5.0pc

FE Online Report 2022-04-20 17:41:33

The stock market regulator has imposed a standard downward circuit breaker limit of share to 5.0 per cent instead of 2.0 per cent--based on the previous trading day’s closing price. Bangladesh...

We are not looking at the right problems to solve

We are not looking at the right problems to solve

Ahnaf Wazed Khan 2022-04-20 16:53:21

The loss against South Africa in Tests added with shambolic 4th innings performances in both Tests has rattled Bangladesh’s recently brewing confidence in Test cricket. The scenario, showered wi...

DSEX crosses 6600-mark on buying spree

DSEX crosses 6600-mark on buying spree

FE ONLINE REPORT 2022-04-20 16:11:15

Stocks extended the rally for the second straight session on Wednesday as investors showed their buying interest in major sector issues riding on regulatory moves. The market opened higher and the...

Stocks open higher amid thin participation

Stocks open higher amid thin participation

FE ONLINE REPORT 2022-04-20 10:56:51

Stocks opened marginally higher on Wednesday as bargain hunters were showing their buying interest in the sector-wise issues at lucrative prices. Following the previous day’s rise, DSEX, the pr...

RADP execution reaches 45.56pc in July-March

RADP execution reaches 45.56pc in July-March

FE REPORT 2022-04-20 10:33:25

The country's development programme implementation scenario has shown a sign of recovery in the third quarter (Q3) of the current fiscal year (FY), 2021-22, as the execution rate during the July-Mar...

BSEC chief seeks investment from Japan

BSEC chief seeks investment from Japan

FE Report 2022-04-20 10:22:09

The chairman of the securities regulator has urged Japanese investors to come forward with portfolio investments along with enhancing foreign direct investments (FDI) in Bangladesh to avail benefits e...

Bangladesh can take cue from Korea

Bangladesh can take cue from Korea

FE REPORT 2022-04-20 09:26:06

Bangladesh can replicate South Korea's transformation from labour- intensive industries to export-oriented industrial sector, in order to face challenges after its LDC graduation, speakers said at a p...

IMF lowers Bangladesh growth forecast

IMF lowers Bangladesh growth forecast

FE REPORT 2022-04-20 08:53:33

The International Monetary Fund (IMF) has cut Bangladesh's growth forecast for FY 2022 in view of the fallout from Russian invasion of Ukraine. The IMF projects that the country's GDP (real) will gro...

Inflation flies 17-month high amid price spikes

Inflation flies 17-month high amid price spikes

FHM HUMAYAN KABIR 2022-04-20 08:33:01

Point-to-point inflation in Bangladesh hit a 17-month high at 6.22 per cent in March in a jump over government-set limit, officials said Tuesday, as prices of essentials spiked through declared and...

BSEC show caused 15 brokerage houses for unethical practices

BSEC show caused 15 brokerage houses for unethical practices

-- 2022-04-19 21:06:13

Bangladesh Securities and Exchange Commission (BSEC), the capital market regulator, has served show-cause letters to 15 brokerage houses for breaking the ethics code for their line of work, specifical...

Stable democracy helps Bangladesh pull ahead of India, Pakistan: Chicago Tribune

Stable democracy helps Bangladesh pull ahead of India, Pakistan: Chicago Tribune

-- 2022-04-19 20:50:06

Bangladeshis are economically better off than ever before as its stable democracy and strong women leadership helped the country pull ahead of neighbouring India and Pakistan, according to US daily Ch...

BGMEA president seeks cooperation from stakeholders for RMG industry

BGMEA president seeks cooperation from stakeholders for RMG industry

-- 2022-04-19 20:24:49

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has sought the support and cooperation of all stakeholders to make use of the opportunities that have been c...

BB relaxes agro credit payment schedule

BB relaxes agro credit payment schedule

-- 2022-04-19 19:23:32

Bangladesh Bank (BB) has relaxed the conditions for rescheduling short-term agricultural credit to enhance food production and growing agro-based industry in the country. The move came in the rece...

ECNEC approves 11 projects worth Tk 42.45 billion

ECNEC approves 11 projects worth Tk 42.45 billion

-- 2022-04-19 17:12:42

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 11 development projects involving an overall estimated cost of Tk 45.42 billion. The approval came from a ECNE...

Stocks bounce back amid rising turnover

Stocks bounce back amid rising turnover

FE ONLINE REPORT 2022-04-19 16:20:13

The market rebounded on Tuesday, snapping a two-day steep decline, as the bargain hunters put fresh bets on lucrative stocks. Following the previous two days’ sharp decline, the market opened...

Star Adhesives makes debut on SME Platform Wednesday

Star Adhesives makes debut on SME Platform Wednesday

FE ONLINE REPORT 2022-04-19 11:50:06

Trading of the shares of Star Adhesives -- a concern of Star Partex Group -- will commence on the SME Platform of the Dhaka Stock Exchange and Chittagong Stock Exchange on Wednesday. Star Adhesives...

Stocks open lower with persistent volatility

Stocks open lower with persistent volatility

FE ONLINE REPORT 2022-04-19 11:22:48

Stocks opened lower on Tuesday as the cautious investors kept their selling binge amid persistent volatility in the market. Following the previous two days’ steep decline, the market fell sha...

New EC of AACOBB

New EC of AACOBB

-- 2022-04-19 10:06:32

A new executive committee of Association of Anti-Money Laundering Compliance Officers of Banks in Bangladesh (AACOBB) for 2022-2023 has been elected unanimously at the CAMLCO Conference held in Cox's...

Regulator orders suspending 15 operators amid market volatility

Regulator orders suspending 15 operators amid market volatility

Mohammad Mufazzal 2022-04-19 08:52:10

The securities regulator Monday asked nine brokerages to suspend their 15 trading operators for executing their clients' sale orders sans mentioning any market price of the securities--at a time whe...

WB to provide $250m loan for post-pandemic recovery

WB to provide $250m loan for post-pandemic recovery

-- 2022-04-18 18:21:39

The World Bank is set to provide Bangladesh $250 million as loan to help the recovery of the country’s economy from the adverse effect of Covid-19 pandemic. To this end, an agreement was signed...

Central bank fixes interest rates for non-bank financial institutions

Central bank fixes interest rates for non-bank financial institutions

-- 2022-04-18 18:20:53

Bangladesh Bank has asked all non-bank financial institutions (NBFIs) to fix a maximum 7 per cent interest rate on deposits and a maximum 9 per cent interest rate on loans. The instruction will come...

How could Mohammedan not see this?

How could Mohammedan not see this?

Ahnaf Wazed Khan 2022-04-18 17:28:01

The stage is set for the Super Six now in DPL. The best six teams from the round-robin will face each other for the title this year. One heavyweight absentee from these six is Mohammedan, who got only...

DSEX sinks below 6500-mark on panic sales

DSEX sinks below 6500-mark on panic sales

FE ONLINE REPORT 2022-04-18 14:57:41

The prime index of the Dhaka Stock Exchange (DSEX) slumped below 6,500-mark on Monday after seven weeks as jitter investors went on a heavy sell-off to avoid further erosion of their portfolios. Th...

DSEX dips below 6500-mark at opening

DSEX dips below 6500-mark at opening

FE ONLINE REPORT 2022-04-18 11:40:55

Stocks opened sharply lower on Monday as the worried investors were selling shares fearing further decline amid persistent volatility in the market. Following the previous day’s steep fall, DSE...

Jute Spinner's price keeps rising despite huge losses

Jute Spinner's price keeps rising despite huge losses

FE REPORT 2022-04-18 10:05:53

Jute Spinners, a junk stock, incurred a net loss of Tk 55.25 million in nine months for July 2021 to March 2022 while the company's accumulated loss stood at Tk 741 million. The company has reporte...