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The Financial Express

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Farmers incur Tk 565b loss on shutdown

Farmers incur Tk 565b loss on shutdown

FE REPORT 2020-06-05 09:27:48

The farmers incurred a loss worth Tk 565 billion during the 45-day general holidays announced by the government to prevent the spread of coronavirus, according to BRAC research released on Thursday....

RMG factories may slash workforce from June: BGMEA chief

RMG factories may slash workforce from June: BGMEA chief

-- 2020-06-04 20:52:29

The readymade garments (RMG) factories can now use only half their workforce due to the coronavirus crisis, which may lead them to shed jobs from June, Rubana Huq fears. She says the owners are ready...

Govt so far announces $12.11b stimulus to combat COVID-19

Govt so far announces $12.11b stimulus to combat COVID-19

-- 2020-06-04 20:23:57

The government has so far announced 19 stimulus packages worth over $12.11 billion (Tk 1,02,957 crore) to offset the COVID-19 shock on various sectors and minimise the sufferings of the people hit har...

Stocks keep losing amid growing coronavirus tension

Stocks keep losing amid growing coronavirus tension

FE ONLINE REPORT 2020-06-04 15:26:46

Stocks kept the losing streak on Thursday as concerns over the worsening Covid-19 situation and the floor prices mechanism kept the market almost muted. DSEX, the key index of the Dhaka Stock Exchang...

Forex reserves cross $34 billion mark for first time

Forex reserves cross $34 billion mark for first time

FE Online Report 2020-06-04 13:22:07

Bangladesh’s foreign exchange reserves have crossed US$34 billion mark for the first time, after a substantial amount of fund was received from a multilateral donor agency, officials said. The...

People urge govt to announce pro-poor budget

People urge govt to announce pro-poor budget

-- 2020-06-04 11:41:13

People who have been hit hard by the recent shutdown aimed at containing the coronavirus outbreak, have urged the government to announce a pro-poor national budget that saves both the lives and liveli...

Stocks open lower as investors mostly cautious   

Stocks open lower as investors mostly cautious  

FE Online Report 2020-06-04 11:30:03

Stocks witnessed downturn at opening on Thursday investors’ concerns over the worsening coronavirus situation and the floor prices mechanism kept the market almost muted. Within first 30 minute...

'Floor price' keeps buyers aloof

'Floor price' keeps buyers aloof

Mohammad Mufazzal 2020-06-04 10:03:16

Trading on both the bourses in the country remained dull as the majority of sale orders placed above the 'floor prices' kept the buyers aloof in last few sessions. As per existing system, the market...

5.4pc inflation rate likely next fiscal

5.4pc inflation rate likely next fiscal

FHM Humayan Kabir 2020-06-04 09:26:45

The government is likely to keep the average inflation rate within the 5.4 per cent limit in fiscal year 2020-21, officials said on Wednesday. The inflation target for the next fiscal will be propose...

Budget spending to go up by 11pc in FY '21

Budget spending to go up by 11pc in FY '21

SYFUL ISLAM 2020-06-04 09:25:54

The appointment of additional number of doctors and nurses to fight coronavirus pandemic will push up the operating expenditure of the government by around 11 per cent in the next fiscal year (FY'21)...

Stocks end lower again amid sluggish turnover

Stocks end lower again amid sluggish turnover

FE ONLINE REPORT 2020-06-03 15:09:18

Stocks extended their losing streak for the third straight session on Wednesday as investors fearing further economic contraction due to ongoing coronavirus crisis. DSEX, the key index of the Dhaka S...

Stocks witness slow trend amid virus tension

Stocks witness slow trend amid virus tension

-- 2020-06-03 11:48:51

Stocks witnessed very slow trend in early hour of trading on Wednesday amid growing tension over the impacts of coronavirus pandemic in the listed companies’ earnings as well as country’s...

IPO subscription of Express Insurance now start June 14

IPO subscription of Express Insurance now start June 14

FE Online Report 2020-06-03 10:51:09

The public subsection of Express Insurance Ltd now will begin from June 14 as the insurer announced fresh date for IPO subscription on Wednesday. The IPO subscription for shares of the non-life ins...

BSEC gets another commissioner

BSEC gets another commissioner

FE Report 2020-06-03 09:55:58

Md. Abdul Halim, former secretary of the industries ministry on Tuesday joined the securities regulator as a commissioner. Mr. Halim has joined the Bangladesh Securities and Exchange (BSEC) following...

Interest on treasury bond rises slightly

Interest on treasury bond rises slightly

SIDDIQUE ISLAM 2020-06-03 09:52:27

The interest rate on Bangladesh Government Treasury Bond (BGTB) increased slightly on Tuesday as banks were least interested in buying the instruments. The yield, generally known as coupon interest r...

RMG, footwear suffer most during pandemic

RMG, footwear suffer most during pandemic

MONIRA MUNNI 2020-06-03 09:40:10

Garment, footwear and construction sectors have suffered the biggest economic hit during the Covid-19 pandemic with supply chain disruption as the top challenge, according to a latest report. An esti...

Budget for FY 2021: Higher debt to drive up interest payment

Budget for FY 2021: Higher debt to drive up interest payment

FE REPORT 2020-06-03 09:28:34

With the government's bank and non-bank borrowing on a steep rise, the next fiscal's budget is likely to earmark an allocation of Tk 635.25 billion for paying interest. The allocation is up by Tk 64....

DSCC to collect tax from all 26 sectors

DSCC to collect tax from all 26 sectors

FE REPORT 2020-06-03 09:27:40

Dhaka South City Corporation (DSCC) will collect tax from all the 26 sectors, instead of the present nine, to increase the revenue income of the corporation without increasing tax burden on citizens...

This years’ budget is our 'survival budget'   

This years’ budget is our 'survival budget'  

-- 2020-06-03 00:59:44

This years’ budget must put thrust on ensuring our survival through strengthening health, medical and social security sector. Prominent economic analysts and experts shared such thought on up...

Inflation drops to 5.35pc in May

Inflation drops to 5.35pc in May

FE Online Report 2020-06-02 15:28:46

The point-to-point inflation rate in May dropped to 5.35 per cent compared to that of 5.96 per cent in the previous month (April), official data showed. A year ago in May 2019, the inflation rate was...

Stocks keep losing amid growing virus tension

Stocks keep losing amid growing virus tension

FE Online Report 2020-06-02 15:22:12

Stocks kept their losing streak on Tuesday amid growing tension over the impacts of coronavirus pandemic in the listed companies’ earnings as well as country’s overall economy. DSEX, the...

ECNEC clears two COVID-19 response projects worth Tk 24.92 billion

ECNEC clears two COVID-19 response projects worth Tk 24.92 billion

FE Online Report 2020-06-02 15:19:46

The government on Tuesday approved two COVID-19 response projects at a combined cost of Tk 24.92 billion aimed at combating the outbreak of the deadly coronavirus in the country. Along with both the...

BB files new case over 2016 cyber heist

BB files new case over 2016 cyber heist

-- 2020-06-02 12:12:45

Bangladesh Bank (BB) has filed a fresh civil case against 17 Philippine entities to recover the 81 million US stolen in a 2016 cyber heist, reports philstar.com. The case has been filed against the e...

ADB expands trade finance to support private sector in BD

ADB expands trade finance to support private sector in BD

FE Online Report 2020-06-02 11:48:49

The Asian Development Bank (ADB) has expanded the Trade Finance Program (TFP) to support private sector in Bangladesh by raising its financing limit to US$755 million from $518 million at the end of l...

Bourses open lower amid thin participation

Bourses open lower amid thin participation

FE Online Report 2020-06-02 11:31:44

Stocks saw downward trend in early hour of trading on Tuesday, maintaining the previous day’s downturn amid growing tension over the impacts of Covid-19 pandemic in the listed companies’ e...

Prime Bank’s EPS surges 13.5pc in Q1

Prime Bank’s EPS surges 13.5pc in Q1

FE Online Report 2020-06-02 10:56:11

Prime Bank’s consolidated earnings per share (EPS) rose 13.5 per cent year-on-year in the first quarter (Q1) for January-March, 2020, according to an official disclosure on Tuesday. The board o...

Two more MFs get another 10-year extension

Two more MFs get another 10-year extension

FE ONLINE REPORT 2020-06-02 10:46:00

Two more close-end mutual funds, managed by ICB Asset Management Company, each have got their tenure extension for another 10 years, said an official disclosure on Tuesday. Closed-end mutual funds ar...

BB, BSEC hold parley to develop capital market

BB, BSEC hold parley to develop capital market

FE Report 2020-06-02 10:11:09

The central bank and the securities regulator took a set of decisions in a meeting on Monday, including disbursement of the listed banks' cash dividends only among small investors, considering their w...

MBL puts thrust on financing health sector, MSME

MBL puts thrust on financing health sector, MSME

Siddique Islam 2020-06-02 10:01:14

Mercantile Bank Limited (MBL) has taken a series of measures to bring un-banked people into the banking network through boosting micro, small and medium enterprises (MSME) across the country. "We a...

Remittance inflow falls more than 14pc in May

Remittance inflow falls more than 14pc in May

FE REPORT 2020-06-02 09:36:11

The flow of inward remittance fell by more than 14 per cent in May following the coronavirus outbreak in different parts of the world, officials said. Remittance from Bangladeshis working abroad was...