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The Financial Express

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ADP implementation: MoRA outperforms all ministries in FY '22

ADP implementation: MoRA outperforms all ministries in FY '22

JASIM UDDIN HAROON 2022-08-22 11:08:35

The Ministry of Religious Affairs (MoRA) spent more than its development allocation in the first 10 months of the last fiscal year (FY) ending on June 30 last, outperforming all the ministries. In th...

'No respite from intractable inflation'

'No respite from intractable inflation'

FE REPORT 2022-08-22 08:37:54

Inflationary pressure would continue hurting people in days ahead, too, finance experts say as they see no sign of an immediate respite from spiralling prices. At a discussion in Dhaka on Sunday they...

‘Bangladesh economy has unease, but no crisis’

‘Bangladesh economy has unease, but no crisis’

-- 2022-08-21 21:10:12

State Minister for Planning  Shamsul Alam has said Bangladesh’s economy has discomfort, but there is no crisis yet.  Denying a section of economists' assumptions, he said the economy...

Stocks keep gaining for fourth day

Stocks keep gaining for fourth day

FE ONLINE REPORT 2022-08-21 15:58:52

Stocks extended the winning streak for the fourth straight sessions Sunday as the buoyant investors continued their buying interest on sector-wise issues amid positive expectations. The market opened...

Stocks open week on positive note

Stocks open week on positive note

FE ONLINE REPORT 2022-08-21 11:38:08

Stocks opened marginally higher on Sunday as the investors are putting fresh bets on lucrative issues. Following the previous week’s upturn, DSEX, the prime index of the DSE, went up by 11.15 p...

Beximco tops DSE turnover chart for sixth straight week

Beximco tops DSE turnover chart for sixth straight week

FE REPORT 2022-08-20 10:06:06

The ten most-traded companies accounted for 30 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Beximco dominating the turnover chart for the sixth straight week....

Weekly stock market review: Stocks rebound amid optimism

Weekly stock market review: Stocks rebound amid optimism

BABUL BARMAN 2022-08-20 10:03:53

The market rebounded this week to Wednesday, paring some losses from the previous week, as investors put fresh funds on stocks amid optimism following the central bank's move to stabilise the foreign...

Chattogram now 64th busiest seaport in the world

Chattogram now 64th busiest seaport in the world

-- 2022-08-19 19:58:24

The Chattogram seaport has become the 64th busiest port among the top 100 container ports across the world, according to Lloyd's List. Lloyd's List, one of the oldest shipping journals in the world,...

Bangladesh eyes more US investment in renewable energy sector

Bangladesh eyes more US investment in renewable energy sector

-- 2022-08-19 16:59:20

Dr Tawfiq-e-Elahi Chowdhury, adviser to the prime minister for Power, Energy and Mineral Resources Affairs, urged the US government for more investment through its International Development Finance Co...

Dollar manipulation: BB issues show-cause notices to six bank MDs

Dollar manipulation: BB issues show-cause notices to six bank MDs

-- 2022-08-18 16:21:10

Bangladesh Bank (BB) has issued show cause notices to the managing directors (MDs) of banks for their alleged involvement in dollar manipulation. Besides, the investigation is going on against 12 oth...

Achia Sea Foods jumps 392pc in a month

Achia Sea Foods jumps 392pc in a month

FE REPORT 2022-08-18 10:06:02

The stock price of Achia Sea Foods, which made its debut on the SME Platform of the the Dhaka Stock Exchange (DSE) just a month ago, has been rising 'abnormally' riding on short-term speculation. Wit...

Non-tax revenue notches down

Non-tax revenue notches down

JASIM UDDIN HAROON 2022-08-18 08:00:27

Non-tax revenue (NTR), the second-biggest source of government revenues, contracted more than 33 per cent in ten months to last April, with its impact on total resource mobilisation in the last fiscal...

Central bank fixes ceiling on profit for money changers

Central bank fixes ceiling on profit for money changers

-- 2022-08-17 18:40:28

After setting a cap on the gap between the buying and selling rates of the dollar against the Bangladesh currency in banks, the central bank has now fixed a ceiling on the profit by money changers. T...

Lending decision on Bangladesh in October, says IMF

Lending decision on Bangladesh in October, says IMF

-- 2022-08-17 17:00:14

Bangladesh has to wait until October for the International Monetary Fund (IMF) to take a final call on its request to borrow funds from the Washington-based lending agency,  according to a region...

Stocks extend winning streak for third day

Stocks extend winning streak for third day

FE ONLINE REPORT 2022-08-17 16:15:40

Stocks extended the winning streak for the third straight sessions Wednesday thanks to the higher participation of investors. The market opened higher and the key index rose about 37 points within th...

DSE, CSE open on positive note  

DSE, CSE open on positive note  

FE ONLINE REPORT  2022-08-17 11:41:50

Stocks opened higher on Wednesday as investors were putting fresh bets on the lucrative issues. Following the previous two days’ upturn, DSEX, the prime index of the DSE, went up by 31.50 point...

Bangladesh to get easier access to UK market in post-LDC era

Bangladesh to get easier access to UK market in post-LDC era

FE REPORT 2022-08-17 10:06:26

The United Kingdom (UK) on Tuesday launched the Developing Countries Trading Scheme (DCTS), offering 65 developing countries, including Bangladesh, an easier market access to their market with reduced...

IPO of ICB Golden Jubilee MF opens today

IPO of ICB Golden Jubilee MF opens today

FE REPORT 2022-08-17 09:57:42

The initial public offering (IPO) of 'ICB AMCL CMSF Golden Jubilee Mutual Fund' will open for subscription today and continue until August 24. To commemorate the 50th year of the country's independen...

Stress on BoP likely to continue

Stress on BoP likely to continue

FE REPORT 2022-08-17 08:52:28

The ongoing pressure on Bangladesh's balance of payments (BoP) is likely to continue in the coming years due to uncertainties surrounding global developments, an IMF spokesperson warned on Tuesday. H...

India wants to start CEPA talks in Sept

India wants to start CEPA talks in Sept

SYFUL ISLAM 2022-08-17 08:33:53

India wants to start negotiations with Bangladesh for signing a Comprehensive Economic Partnership Agreement (CEPA) soon, preferably next month, as a joint study on the proposed pact was accepted by...

BB sets cost limit for short-term trade finance in forex

BB sets cost limit for short-term trade finance in forex

-- 2022-08-16 19:59:16

Bangladesh Bank (BB) has set the all-in-cost ceiling for short-term trade finance in foreign exchange. A BB circular stated that all-in-cost will include the entire cost of a financial transaction, b...

Foreign ministry starts searching cheaper sources of oil

Foreign ministry starts searching cheaper sources of oil

FE ONLINE REPORT 2022-08-16 19:43:56

In line with the instruction of Prime Minister Sheikh Hasina, Bangladesh's foreign ministry has started looking for cheaper oil sources. The foreign ministry also keep Russia in mind as an alternate...

The Sabbir Rahman saga that makes no sense

The Sabbir Rahman saga that makes no sense

Ahnaf Wazed Khan 2022-08-16 18:58:25

Sabbir Rahman is back in the colours of the Bangladesh National team after 3 years. This time there’s actually a lot of hope, optimism and expectations because of his profile in T20Is along with...

177,681 BO accounts closed in one month

177,681 BO accounts closed in one month

FE REPORT 2022-08-16 10:23:22

The number of active BO (beneficiary owner's) accounts has declined 8.82 per cent in the past one month mainly because of non-payment of account maintenance fees. A total of 177,681 active BO account...

Seven sub-committees formed to address challenges of LDC graduation

Seven sub-committees formed to address challenges of LDC graduation

FE ONLINE DESK 2022-08-16 10:13:56

Some seven sub-committees are preparing draft strategies with a time-bound action plan to meet the challenges of LDC graduation. According to an official document,Bangladesh will be facing some chall...

NAVs of listed MFs decline as stock prices dip

NAVs of listed MFs decline as stock prices dip

FE REPORT 2022-08-16 10:11:30

The listed mutual funds (MFs) saw a decline in their net asset values (NAVs) as the stocks lost their value following price corrections in all four trading days of the last week. The fund managers ar...

Ashuganj port rail-link project: BIWTA to use govt fund instead of Indian LoC

Ashuganj port rail-link project: BIWTA to use govt fund instead of Indian LoC

FHM HUMAYAN KABIR 2022-08-16 08:50:42

The Bangladesh Inland Water Transport Authority (BIWTA) has denied Indian line of credit (LoC) for installing a railway connection with the Ashuganj river port, insiders said on Monday. Instead, the...

Banks’ provisioning shortfall narrows

Banks’ provisioning shortfall narrows

FE REPORT 2022-08-15 08:57:04

Overall loan-provisioning shortfall in Bangladesh's banking sector narrows a bit to Tk 132.19 billion, as of last June, and experts suggest quicker improvements as inadequate security is deemed risky....

BD economy under pressure

BD economy under pressure

FE REPORT 2022-08-15 08:51:17

Bangladesh's steadily-growing economy is under pressure for disruption to global supply chain for external disturbance, experts alert and say food security facing 'threat' amid high inflation. Rising...

Fuel price hike: 'I might start begging in the street'

Fuel price hike: 'I might start begging in the street'

-- 2022-08-14 21:59:28

Bangladesh, one of the world's fastest-growing economies, has raised fuel prices by more than 50 per cent in just a week. It blames rising oil prices in the wake of the war in Ukraine. A 35-year-old...