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The Financial Express

Search results for: Bangladesh

Central bank launches Tk 5.0b scheme for returnee expats

Central bank launches Tk 5.0b scheme for returnee expats

-- 2022-01-03 19:39:40

Bangladesh Bank (BB) has created a Tk 5.0 billion refinance scheme to generate employment and to eliminate poverty for the expatriates who have returned home due to Covid 19 pandemic and other reasons...

Bangladesh seeks GSP support from Germany to face post-LDC challenges

Bangladesh seeks GSP support from Germany to face post-LDC challenges

-- 2022-01-03 18:37:58

Commerce Minister Tipu Munshi has sought GSP support from Germany for Bangladesh to face the post-LDC challenges after its final graduation as a developing nation. He also urged the European country...

Stocks extend rally amid optimism, turnover hits one-month high

Stocks extend rally amid optimism, turnover hits one-month high

FE ONLINE REPORT 2022-01-03 16:43:10

Stocks extended their rally on Monday with turnover hitting one month high on the major bourse as investors continued to put fresh funds on stocks riding on the high hope. The market started on a fly...

DSE key index crosses 6900-mark at opening

DSE key index crosses 6900-mark at opening

FE ONLINE REPORT 2022-01-03 11:45:39

Stocks opened sharply higher on Monday as the investors were putting fresh funds on large-cap issues amid high expectations. Following the flying start of the year on the previous day, DSEX, the prim...

KDS Accessories' price jumps on investment news

KDS Accessories' price jumps on investment news

FE REPORT 2022-01-03 10:48:32

KDS Accessories, a garment accessories manufacturer, has decided to invest a total Tk 43.94 million to add new machinery and replacement of machine parts to boost production capacity. Following the n...

Bangladesh's trade gap doubles to $12.53b in July-November period

Bangladesh's trade gap doubles to $12.53b in July-November period

SIDDIQUE ISLAM 2022-01-03 08:38:06

Bangladesh saw its trade deficit more than double in the first five months of the current fiscal year as higher import-payment pressure on the economy causes account imbalance, officials say. The def...

Remittance flow dips after unusual pickup in 2020

Remittance flow dips after unusual pickup in 2020

FE REPORT 2022-01-03 08:19:51

Remittance from migrant Bangladeshi workers dipped over 12 per cent in the past calendar year from an unusual pandemic-time pickup in 2020, for reasons that include their higher expenditure. The lure...

Bangladesh receives $22.07b in remittance last year

Bangladesh receives $22.07b in remittance last year

-- 2022-01-02 21:14:42

Bangladesh sent 6,17,209 workers overseas and received a record $22,070.87 million ($22.07 billion) in remittance in 2021 amid the Covid-19 pandemic. Describing the trend of overseas employment as sa...

December exports hit historic high at $4.9 billion

December exports hit historic high at $4.9 billion

-- 2022-01-02 21:06:03

Bangladesh has broken the monthly exports record once again, shipping goods worth over $4.9 billion in December as the country’s economic recovery continued to gather pace after a pandemic-induc...

Banks deduct excise duty from customers’ account in December

Banks deduct excise duty from customers’ account in December

-- 2022-01-02 18:22:52

As per the government’s directive, banks have deducted excise duty from customers’ accounts whose minimum balance reached Tk 0.10 million within 2021. If the balance of customers’ b...

Stocks start New Year with sharp rise

Stocks start New Year with sharp rise

FE ONLINE REPORT 2022-01-02 16:15:49

Stocks started the New Year 2022 with a steep rise on Sunday as investors showed their buying interest on sector-wise large-cap issues riding on the high hope. After passing a good year in 2021, the...

Stocks open New Year on optimistic note

Stocks open New Year on optimistic note

FE ONLINE REPORT 2022-01-02 11:34:08

Stocks opened sharply higher on Sunday, the first trading day of 2022, as the optimistic investors were showing their buying interest on sector-wise large-cap issues. After passing a good year in 202...

Transactions through DSE-Mobile app up over 50pc

Transactions through DSE-Mobile app up over 50pc

FE REPORT 2022-01-02 09:53:17

Transactions of the listed securities through DSE-Mobile app have continued to rise as the number of active users of this digital application rose 50.51 per cent in last two years. The number of acti...

Tax relief sought for all investors in all types of bonds

Tax relief sought for all investors in all types of bonds

MOHAMMAD MUFAZZAL 2022-01-02 08:36:47

The securities regulator has recommended making tax-exemption facility available for all investors in all types of bonds to help encourage mobilisation of funds from the capital market for the sake of...

No country can compete with Bangladesh, says Minister Kamal

No country can compete with Bangladesh, says Minister Kamal

FE REPORT 2022-01-02 08:21:38

Finance Minister AHM Mustafa Kamal says there is no country in the world that can compete with Bangladesh. "None can compete with us. Our capacity, skills, productivity have been enhanced a lot," h...

Allocation for agriculture likely to increase to reshape rural economy

Allocation for agriculture likely to increase to reshape rural economy

-- 2022-01-01 17:57:14

The allocation for the agriculture sector in the upcoming budget is likely to see a significant rise as the government has taken various initiatives for this vital sector to ensure food security, boos...

Miscellaneous sector posts 116pc gain in 2021

Miscellaneous sector posts 116pc gain in 2021

FE REPORT 2022-01-01 15:27:03

Miscellaneous sector was the best performer on the Dhaka Stock Exchange (DSE) in 2021, showing 116 per cent return while the jute sector was the worst loser, shedding 28 per cent. The sector, which c...

Bangladesh stocks bounce back in final week of 2021

Bangladesh stocks bounce back in final week of 2021

BABUL BARMAN 2022-01-01 14:34:40

Stocks bounced back in the final week of 2021, offering a ray of hope for the market into the New Year, with investors showing their buying interest in sector-specific issues. The week featured five...

Remitters further incentivised

Remitters further incentivised

FE ONLINE REPORT 2022-01-01 13:20:42

Amid the dwindling remittance inflow situation the government has enhanced the rate of incentives for remittance senders to 2.5 per cent from 2.0 per cent. The new rate is effective from Saturday, a...

Challenges lie ahead for Bangladesh: BCI president

Challenges lie ahead for Bangladesh: BCI president

FE REPORT 2022-01-01 09:50:52

Anwar-ul-Alam Chowdhury (Pervez), president at the Bangladesh Chamber of Industries (BCI) said that there are many challenges looming in the industrial sector in 2022 as the cost of doing business is...

Time for Bangladesh to thrive in 2022: DCCI president

Time for Bangladesh to thrive in 2022: DCCI president

FE REPORT 2022-01-01 09:00:48

Raising hopes for the economy in 2022, Dhaka Chamber of Commerce and Industries (DCCI) president Rizwan Rahman says Bangladesh survived in 2020, revived in 2021 and now is the time to thrive. "The re...

Hope and despair herald 2022

Hope and despair herald 2022

FHM HUMAYAN KABIR 2022-01-01 00:33:18

Bangladesh joins humanity to welcome 2022 with mixed feelings of hope and despair as lingering shadows of coronavirus impact long-term rosy macroeconomic and socioeconomic indicators despite a rebound...

Golden Harvest to extend time for use of rights proceeds

Golden Harvest to extend time for use of rights proceeds

FE REPORT 2021-12-31 10:03:40

Golden Harvest Agro Industries, which is engaged in the frozen food and ice cream business, has decided to extend time for utilisation of unused rights share issue fund until January 21, 2023. "Sha...

Development thinkers for transforming Bangladesh into ‘productivity, skill-based' nation

Development thinkers for transforming Bangladesh into ‘productivity, skill-based' nation

FE REPORT 2021-12-31 09:12:33

Speakers at a discussion on Thursday suggested Bangladesh's transforming into a 'skill- and productivity-based' economy instead of the current 'market access-based' one for competing in the global are...

Overseas employment of Bangladeshis grows 1.5 times in 2021

Overseas employment of Bangladeshis grows 1.5 times in 2021

FE REPORT 2021-12-31 09:04:51

Bangladesh's overseas employment is expected to increase 1.5 times in the outgoing calendar year (2021), said a RMMRU report on Thursday. It forecasts that the remittance income would climb by an e...

Bangladesh's capital market sees off eventful year

Bangladesh's capital market sees off eventful year

MOHAMMAD MUFAZZAL 2021-12-31 08:51:31

The country's capital market passed yet another eventful year with a 25 per cent return in the core index of the main bourse despite tussles between the two regulatory bodies concerned over some pol...

Central bank relaxes loan-repayment policy for all sectors

Central bank relaxes loan-repayment policy for all sectors

SIDDIQUE ISLAM 2021-12-31 08:31:07

The central bank relaxes further the loan-repayment policy for all the sectors to expedite Bangladesh's economic recovery from the fallout of Covid-19 pandemic. Under the relaxed stance, the borrow...

Bilateral trade volume between Bangladesh, South Korea to reach record high in 2021

Bilateral trade volume between Bangladesh, South Korea to reach record high in 2021

FE ONLINE REPORT 2021-12-30 19:49:11

Bilateral trade volume between Bangladesh and South Korea is expected to reach a record high this year, revealed statistics provided by the Korea Trade Association.  Between January and November...

Stocks end 2021 on a happy note

Stocks end 2021 on a happy note

FE ONLINE REPORT 2021-12-30 16:36:20

Stocks ended higher on Thursday, the last trading day of this year, as investors showed their buying interest on sector-wise issues amid high hopes in the New Year. DSEX, prime index of Dhaka Stock E...

Stocks open higher on last trading day of year

Stocks open higher on last trading day of year

FE ONLINE REPORT 2021-12-30 11:46:08

Stocks opened marginally higher on Thursday, the last trading day of the year 2021, as bargain hunters were showing buying interest on sector-wise issues. Following the previous day’s modest co...