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The Financial Express

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Bangladesh to attract FDI despite downturn: US report

Bangladesh to attract FDI despite downturn: US report

-- 2021-07-24 08:37:02

Bangladesh will remain the most resilient and continue to attract foreign direct investments (FDI) to live up to its image as a favourite place for global investors, despite the Covid-induced economic...

ADB approves $940m for Bangladesh Covid-19 vaccines

ADB approves $940m for Bangladesh Covid-19 vaccines

FE ONLINE DESK 2021-07-23 21:34:45

The Asian Development Bank (ADB) approved a loan package of $940 million on Wednesday for Bangladesh to purchase safe and effective vaccines against COVID-19. The package, which comprises a regular l...

Economic outlook for South Asia dampened, but Bangladesh recovering: ADB

Economic outlook for South Asia dampened, but Bangladesh recovering: ADB

-- 2021-07-23 21:17:29

The Asian Development Bank has said the economic outlook for South Asia is dampened by new waves of COVID-19, but the Bangladesh economy is recovering. The country’s exports in the first 11 mon...

New UK trading scheme to benefit Bangladesh

New UK trading scheme to benefit Bangladesh

-- 2021-07-20 14:29:28

The UK government has launched a new scheme that aims to drive trade with Bangladesh and other countries boosting jobs and growth. The new trading rules will help countries come out of poverty and he...

ACME Pesticides allowed to go public

ACME Pesticides allowed to go public

FE REPORT 2021-07-20 09:00:53

The securities regulator has approved the IPO (initial public offering) proposal of ACME Pesticides which will raise a capital worth Tk 300 million. The approval came Monday at a meeting held at the...

Bangladesh's inflation recorded at 5.56pc in 2020-21 fiscal

Bangladesh's inflation recorded at 5.56pc in 2020-21 fiscal

FE REPORT 2021-07-20 08:21:02

Bangladesh's average inflation rate in fiscal year (FY) 2020-21 was recorded at 5.56 per cent, up 0.16 percentage points from the government's target of 5.4 per cent, official data disclosed. However...

Bangladesh's startup ecosystem ‘needs systematic branding’

Bangladesh's startup ecosystem ‘needs systematic branding’

FE REPORT 2021-07-19 10:01:01

Bangladesh's startup ecosystem is an untapped digital goldmine of Asia which needs a systematic country branding in an effort to attract more foreign investments and expand accordingly. There is also...

Bangladesh's monetary policy targets economic recovery

Bangladesh's monetary policy targets economic recovery

SIDDIQUE ISLAM 2021-07-19 08:39:14

Bangladesh Bank (BB) has decided to continue with the expansionary monetary policy stance (MPS) during the current fiscal year (FY) to facilitate the recovery of the pandemic-hit economy, officials sa...

Trading at DSE resumes after brief technical glitch

Trading at DSE resumes after brief technical glitch

FE Online Report 2021-07-18 13:09:28

The trading at Dhaka bourse resumed at 12.30 pm on Sunday as the exchange resolved the technical glitch that halted trading from 11.09 am to 12.30 pm, officials said. Today’s trading, however,...

Tax receipts from Dhaka Stock Exchange hit 10-year high

Tax receipts from Dhaka Stock Exchange hit 10-year high

BABUL BARMAN 2021-07-18 12:13:45

The government's revenue earnings from the Dhaka bourse hit a 10-year high to Tk 2.66 billion in the just concluded fiscal year. Market operators said on the back of rising trading volume, the gove...

Lub-rref, NRBC Bank included into Dhaka Stock Exchange core index

Lub-rref, NRBC Bank included into Dhaka Stock Exchange core index

FE REPORT 2021-07-17 09:31:30

The Dhaka Stock Exchange (DSE) has included two new companies -- Lub-rref (Bangladesh) and NRB Commercial Bank to its key index (DSEX) as they met all the criteria of quarterly IPO addition. The pr...

Bangladesh to press India not to continue anti-dumping duty on jute goods

Bangladesh to press India not to continue anti-dumping duty on jute goods

SYFUL ISLAM 2021-07-17 08:45:40

The government will place arguments to India next month on why the neighbouring country should not further continue imposing anti-dumping duty on the export of Bangladeshi jute goods, officials said...

Bangladesh's exports to SAARC countries post impressive growth

Bangladesh's exports to SAARC countries post impressive growth

FHM HUMAYAN KABIR 2021-07-17 08:34:49

Bangladesh's export to the SAARC nations has been rising year on year, and it has swelled by 88 per cent in the last five years, analysts said on Friday. The growth of Bangladeshi products' shipment...

Bangladesh government's net bank borrowing falls

Bangladesh government's net bank borrowing falls

SIDDIQUE ISLAM 2021-07-16 08:01:07

The government's net bank borrowing fell sharply in the just concluded fiscal year (FY) due to lower implementation of the annual development programme (ADP) amid the pandemic. Higher sales of nation...

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

Vaccine institute in Bangladesh can be gamechanger for its economy, say experts

UNB 2021-07-15 19:12:49

As the government has planned to establish a vaccine institute, experts have appreciated it as a timely and bold move as they think Bangladesh has huge potential to grab the international vaccine mark...

DSEX crosses 6300-mark after 42-month

DSEX crosses 6300-mark after 42-month

FE Online Report 2021-07-15 16:28:20

The prime index of the Dhaka Stock (DSEX) surpassed the 6,300-mark on Thursday as buying binge added strength to the equity indices despite worries over the virus-infused shock to the country’...

Envoy Textile to set up spinning project expansion unit

Envoy Textile to set up spinning project expansion unit

FE ONLINE REPORT 2021-07-15 11:17:22

Envoy Textile has decided to set up a spinning project expansion unit at its existing factory premises with an estimated total cost of Tk 1761.90 million. The new expansion project will be set up at...

Stocks open higher as lockdown eased

Stocks open higher as lockdown eased

FE ONLINE REPORT 2021-07-15 10:59:33

Stocks opened higher on Thursday as investors continued their buying interest on sector-wise issues amid the resumption of vaccine roll-out and relaxed strict lockdown. A new issue – Baraka Pat...

GP declares 125pc interim cash dividend

GP declares 125pc interim cash dividend

FE ONLINE REPORT 2021-07-15 10:18:23

The board of directors of Grameenphone (GP), the largest market-cap listed company, has recommended a 125 per cent interim cash dividend for the year ending 2021. This interim cash dividend represent...

Target setting for new CMSMEs' package revised

Target setting for new CMSMEs' package revised

SIDDIQUE ISLAM 2021-07-15 08:39:56

The stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) has entered into its second phase with amending the target fixation method, officials said. Under the revised form...

Bonds aplenty, but not right ones

Bonds aplenty, but not right ones

MOHAMMAD MUFAZZAL 2021-07-15 08:37:31

The securities regulator and intermediaries have harped on different tunes about the market capacity of absorbing the bonds so far approved. Most of the bonds are being issued by banks to strengthe...

Two more SME firms get BSEC nod to raise funds through QIO

Two more SME firms get BSEC nod to raise funds through QIO

FE ONLINE REPORT 2021-07-14 20:33:05

The stock market regulator has approved two more SME firms’ proposals for raising capital worth Tk 100 million each through a qualified investor offer (QIO). The companies are Oryza Agro Indust...

Stocks keep gaining ahead of Eid festival

Stocks keep gaining ahead of Eid festival

FE ONLINE REPORT 2021-07-14 16:28:21

Stocks posted a modest gain on Wednesday, with the key index hitting more than three and a half months high, as investors were active on both sides of the trading fence ahead of Eid vacation. Followi...

Stocks open higher amid lax lockdown news

Stocks open higher amid lax lockdown news

FE ONLINE REPORT 2021-07-14 11:05:02

Stocks opened higher on Wednesday as investors continued their buying spree on major sector issues riding on the news of the resumption of vaccine roll-out and relaxed lockdown. Pre-Eid sale pre...

Record date for Beximco Sukuk subscription July 19

Record date for Beximco Sukuk subscription July 19

FE REPORT 2021-07-14 10:01:16

Bangladesh Export Import Company (Beximco) set the record date on July 19 for entitlement of rights to the existing shareholders of the company to subscribe the asset-backed Beximco Green-Sukuk al I...

Bangladesh Bank asks banks to take safeguards for export trade

Bangladesh Bank asks banks to take safeguards for export trade

FE REPORT 2021-07-14 09:00:11

The central bank has issued a guideline note asking authorized dealer (AD) banks to take appropriate safeguards for export trade, officials concerned said. The AD banks have been reminded about the...

‘Govt to provide financial support to ensure compliance in industries’

‘Govt to provide financial support to ensure compliance in industries’

UNB 2021-07-13 22:47:52

Prime Minister's Private Industry and Investment Affairs Adviser Salman F Rahman on Tuesday said like Accord and Alliance in the RMG sector, a body would be formed for the domestic industries to ensur...

Stocks rebound strongly; key index hit more than 42-month high

Stocks rebound strongly; key index hit more than 42-month high

FE ONLINE REPORT 2021-07-13 17:51:07

Stocks rebounded strongly on Tuesday, with the key index hitting more than a 42-month high, as investors went on buying spree on major sector issues riding on the new stimulus news. Prime Minister Sh...

PM announces five new stimulus packages worth Tk 32.0b

PM announces five new stimulus packages worth Tk 32.0b

-- 2021-07-13 16:11:11

Prime Minister Sheikh Hasina has announced five new financial packages amounting to Tk 32 billion to help low-income groups. The incentive packages are aimed at helping the people affected by lockdow...

Stocks open higher as pre-Eid sale pressure eases

Stocks open higher as pre-Eid sale pressure eases

FE ONLINE REPORT 2021-07-13 10:55:05

Stocks on both the bourses opened higher on Tuesday, after the previous day’s marginal correction, as pre-Eid sale pressure eased to some extent. Only four trading days are left before vacation...