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The Financial Express

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ADB to provide $161m in project loans

ADB to provide $161m in project loans

FE REPORT 2019-11-26 11:20:35

Asian Development Bank (ADB) has committed to provide US$161 million for developing Bangladesh's technical manpower and urban sector facilities. The Economic Relations Division (ERD) signed three loa...

‘Bangladesh has huge competitive edge in manufacturing sector'

‘Bangladesh has huge competitive edge in manufacturing sector'

FE REPORT 2019-11-26 11:13:58

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh Fazle Fahim said the country has a huge competitive edge in the manufacturing sector. "Our competitiveness i...

ADB cautions against 13 problem projects

ADB cautions against 13 problem projects

FE REPORT 2019-11-26 10:11:00

The Asian Development Bank, or ADB, on Monday urged government agencies to implement projects in time, which faced hiccups in execution, officials said. The Manila-based lender has also cautioned tha...

ICC Bangladesh delegation calls on former UN secretary-general

ICC Bangladesh delegation calls on former UN secretary-general

FE Online Report 2019-11-25 18:38:36

ICC Bangladesh President Mahbubur Rahman called on former UN secretary-general and Chairman of the Global Commission on Adaptation Dr Ban Ki-moon during his recent visit to Dhaka. ICC Bangladesh Pre...

Cabinet approves draft law to unlock potential of blue economy

Cabinet approves draft law to unlock potential of blue economy

BSS 2019-11-25 17:32:45

The Cabinet has approved in principle the draft of Bangladesh Maritime Zones Act 2019 with an aim to unlock the potential of blue economy and checking crimes, particularly piracy on the sea. The appr...

Stocks post modest gain after bumpy ride

Stocks post modest gain after bumpy ride

FE Online Report 2019-11-25 16:05:01

Stocks posted a modest gain on Monday, after a single-day break, as investors showed their buying appetite on sector specific shares. DSEX, the prime index of the Dhaka Stock Exchange, went up by 5.1...

Confidence Power Bogra starts commercial operation

Confidence Power Bogra starts commercial operation

FE Online Report 2019-11-25 11:53:14

Confidence Power Bogra Limited, a 99 per cent subsidiary of Confidence Power Holdings Limited, has started commercial operation upon successful testing and commissioning. The Confidence Power Holding...

Stocks inch up on recovery hope

Stocks inch up on recovery hope

FE Online Report 2019-11-25 11:30:31

Stocks witnessed positive trend in early hour trading on Sunday as some investors are showing their buying appetite on sector-wise shares. Following the previous day’s correction, the Dhaka S...

IFAD Autos to issue coupon bearing bond

IFAD Autos to issue coupon bearing bond

FE Report 2019-11-25 10:29:16

IFAD Autos Ltd, the automobile dealer, has decided to raise up to Tk 3.0 billion through coupon bearing non-convertible fully redeemable bond, said an official disclosure on Sunday. The name of the b...

Bangladesh needs to diversify export basket: Experts

Bangladesh needs to diversify export basket: Experts

FE Report 2019-11-25 09:59:21

Bangladesh needs to diversify its export basket and comply with the rules of the World Trade Organisation (WTO) to overcome challenges that would emerge after the country's graduation from the group o...

GP shares drop following SC order

GP shares drop following SC order

-- 2019-11-24 20:48:35

Grameenphone shares fell by 5.58 per cent on Sunday after the Supreme Court ordered the operator to pay Tk 20 billion to the telecoms regulators as part of its disputed audit demand. The company&rsqu...

DSEX sinks below 4,700-mark again

DSEX sinks below 4,700-mark again

FE Online Report 2019-11-24 16:10:02

Stocks ended lower on Sunday, after a single-day break, as risk-averse investors went on selling binge on large-cap shares, particularly Grameenphone (GP). DSEX, the prime index of the Dhaka Stock Ex...

IFAD Autos to issue Tk 3.0b coupon bearing bonds

IFAD Autos to issue Tk 3.0b coupon bearing bonds

FE Online Report 2019-11-24 12:27:53

The board of directors of IFAD Autos Ltd has decided to raise up to Tk 3.0 billion only in the form of coupon bearing non-convertible fully redeemable bonds with a tenor of five years. The bond is kn...

Golden Harvest rights issue subscription begins Dec 8

Golden Harvest rights issue subscription begins Dec 8

FE Report 2019-11-24 10:43:32

The subscription period for rights shares of Golden Harvest Agro Industries Ltd. is set to begin on December 08, as the company aims to raise a capital of Tk 899.32 million. The subscription period w...

Most non-life insurers post higher EPS

Most non-life insurers post higher EPS

Babul Barman 2019-11-24 10:34:54

Majority of the listed non-life insurance companies saw higher earnings growth in nine months of 2019, compared to the same period a year earlier. The earnings for the January-September period rose d...

Tax shortfall: Lower import of 10 major items, exemptions blamed

Tax shortfall: Lower import of 10 major items, exemptions blamed

DOULOT AKTER MALA 2019-11-24 10:24:25

Revenue officials have delved into why tax shortfall has hit Tk 149.06 billion during the first quarter of the current fiscal year, missing the target. In a written paper, both customs and VAT wing e...

Foreign debt payment shoots up in first quarter

Foreign debt payment shoots up in first quarter

JASIM UDDIN HAROON and REZAUL KARIM 2019-11-24 09:53:04

The country's external debt payment reached a new high of nearly $500 million in the first quarter (Q1) of this fiscal year. The quarterly debt-servicing data released by the finance division showed...

Weekly review: Major sectors see mixed performance

Weekly review: Major sectors see mixed performance

FE Report 2019-11-23 10:41:57

Dhaka bourse closed the week almost flat following the mixed performance of the major sectors. In last week, many investors re-balanced their portfolios following the quarterly disclosures of the lis...

Sonadia Island's 'virginity' at risk

Sonadia Island's 'virginity' at risk

ABDUL MONAYEM KHAN 2019-11-23 10:38:00

Sonadia Island, a nine-square kilometre small island in the Bay of Bengal, is likely to lose its 'virginity' as the authorities concerned are building an eco-tourism park there, according to local peo...

10 cos snare 23.54pc of total turnover

10 cos snare 23.54pc of total turnover

FE Report 2019-11-23 10:37:01

Top 10 traded stocks captured 23.54 per cent of the total turnover featured by Dhaka Stock Exchange (DSE) in last week. The premier bourse DSE posted a total turnover of above Tk 19.81 billion in f...

Tapping tourism potential crucial to BD economy

Tapping tourism potential crucial to BD economy

SAIF UDDIN 2019-11-23 10:31:52

Despite enormous potential of tourism in Bangladesh, the sector is facing different challenges like inadequate infrastructure, high cost of doing business and lack of branding, according to a study....

Pilot project on Vannamei culture gets govt nod

Pilot project on Vannamei culture gets govt nod

-- 2019-11-23 10:15:24

The crisis-hit shrimp industry, which has seen a gradual fall in exports over the last five years, is now looking for a breakthrough by introducing a new variety called vannamei or white shrimp. Th...

Budget deficit hits 11-yr high in FY ‘19

Budget deficit hits 11-yr high in FY ‘19

JASIM UDDIN HAROON 2019-11-23 09:54:15

The country's budget deficit widened to over Tk 1.1 trillion in the past fiscal year, highest in more than a decade. The imbalance stood at 5.1 per cent of the gross domestic product, or GDP, in fi...

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

Chiefs of merchant banks allowed to conduct sell-buy of listed co shares

FE Report 2019-11-22 12:22:30

The securities regulator has allowed the chiefs of merchant banks to conduct sell-buy of the shares of listed companies. The Bangladesh Securities and Exchange Commission (BSEC) took the decision o...

BB waives PKB from keeping 13pc SLR

BB waives PKB from keeping 13pc SLR

FE REPORT 2019-11-22 12:15:30

The central bank has waived the Probashi Kallyan Bank (PKB) from maintaining the stipulated statutory liquidity ratio (SLR) in line with the existing Banking Companies Act 1991. The state-owned speci...

Online transactions hampered by new credit card rule

Online transactions hampered by new credit card rule

-- 2019-11-21 18:33:40

A new rule requiring customers to obtain a certificate before completing a transaction online is causing people a lot of grief with businessmen in the IT sector suffering in particular. Bangladesh Ba...

Remittance incentives: Conversion of local currency allowed

Remittance incentives: Conversion of local currency allowed

FE Report 2019-11-21 10:44:31

Remitters who will wire $1,500 or equivalent amount of other currencies or Tk 150,000 will be eligible for receiving 2.0 per cent cash incentives without showing any documents. The amount of local cu...

CPD warns of debt-servicing trouble

CPD warns of debt-servicing trouble

FE REPORT 2019-11-21 10:07:50

A think-tank on Wednesday warned that Bangladesh would face debt-servicing problem unless it proceeded with caution while securing foreign loans. "There are many countries who took loans without cons...

BD among top four countries in digital economy growth

BD among top four countries in digital economy growth

BSS 2019-11-20 20:51:37

Bangladesh is one of the top four countries in terms of 'improvement and remarkable growth' in digital economy in the last four years, according to Huawei Global Connectivity Index (GCI) 2019. The in...

Kamal seeks more Turkish investment

Kamal seeks more Turkish investment

-- 2019-11-20 12:37:38

Finance Minister AHM Mustafa Kamal has sought more Turkish investment in various sectors in Bangladesh. The Finance Minister called for the investment at the first day of the Bangladesh-Turkey Joint...