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The Financial Express

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Bangladesh Bank orders removal of treasury chiefs of six banks

Bangladesh Bank orders removal of treasury chiefs of six banks

-- 2022-08-08 20:41:47

Bangladesh Bank has ordered the removal of treasury chiefs of six banks for their involvement in raising the price of the US dollar by hoarding more greenbacks than necessary. The banks include five...

NBR signs deals with DPDC, DESCO, BRTA to trace errant landlords, car owners

NBR signs deals with DPDC, DESCO, BRTA to trace errant landlords, car owners

-- 2022-08-08 18:50:15

The National Board of Revenue (NBR) has struck three agreements to trace errant landlords and car owners as part of efforts to widen the tax net. The deals on Application Programming Interface (API)...

Black money whitening declined in FY22: NBR data

Black money whitening declined in FY22: NBR data

-- 2022-08-08 17:56:32

The number of black money holders paying taxes under an amnesty decreased by19.16 per cent to 2,300 in FY22, according to the latest NBR data availed on Monday In the last financial year, there was a...

T-Bonds likely to make trading debut Aug 16

T-Bonds likely to make trading debut Aug 16

FE REPORT 2022-08-08 11:21:50

Trading in Treasury Bonds (T-Bonds) is likely to begin on the secondary market on August 16 if the Dhaka Stock Exchange (DSE) can sort out some complexities that arose recently. As per the instructio...

'Bangladesh seeks IMF assistance on precautionary grounds'

'Bangladesh seeks IMF assistance on precautionary grounds'

FE REPORT 2022-08-08 09:06:07

Bangladesh has sought assistance from International Monetary Fund (IMF) on precautionary grounds to deal with future uncertainty unlike Sri Lanka and Pakistan where economy is already in distress, sai...

Inflation surge, wage stagnation erode people’s purchasing power

Inflation surge, wage stagnation erode people’s purchasing power

JASIM UDDIN HAROON 2022-08-08 08:24:31

Wage growth in Bangladesh remains stymied in relation to soaring headline inflation and the mismatch stokes concerns about shrinkage of people's real income and its compound fallout. As a result of t...

Undistributed stock dividend: CMSF likely to start settlement process this month

Undistributed stock dividend: CMSF likely to start settlement process this month

FE REPORT 2022-08-07 10:09:35

The Capital Market Stabilisation Fund (CMSF) is set to start the process of settlement of investors' claims for undistributed stock dividend this month. Officials said the CMSF has framed a guideli...

Stock market surge: MNCs see price hike up to 10.39pc

Stock market surge: MNCs see price hike up to 10.39pc

FE REPORT 2022-08-07 09:58:17

With the stock market surge that continued throughout the last week, share prices of the listed multinational companies (MNCs) gained between 1.67 per cent and 10.39 per cent. Buoyed by market-supp...

Ten firms account for 29pc of weekly turnover on DSE

Ten firms account for 29pc of weekly turnover on DSE

FE REPORT 2022-08-06 13:19:03

The ten most-traded companies accounted for 29 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Beximco dominating the turnover chart for the fourth straight week....

Weekly market review: 'Floor price' brings cheer to stocks

Weekly market review: 'Floor price' brings cheer to stocks

BABUL BARMAN 2022-08-06 12:53:24

Stocks rebounded strongly in the week to Thursday, paring two weeks of losses, amid high optimism as the securities regulator reintroduced the 'floor price' for all the equities. Continuous fall of s...

Bangladesh for securing SAFTA benefits in CEPA pact with India

Bangladesh for securing SAFTA benefits in CEPA pact with India

SYFUL ISLAM and REZAUL KARIM 2022-08-06 08:59:40

Bangladesh will push for securing the benefits it enjoys under the SAFTA deal when negotiations on Comprehensive Economic Partnership Agreement (CEPA) start with India soon, officials say. As a least...

Uncertainty, BDT depreciation fuel faster capital outflow

Uncertainty, BDT depreciation fuel faster capital outflow

JASIM UDDIN HAROON 2022-08-06 08:26:00

Bangladesh's capital market experiences tantrums amid unprecedented capital outflows since April, which many describe as a result of recurrent depreciation of the local currency against the dollar. B...

Bangladesh offers Nepal use of seaports for mutual benefits

Bangladesh offers Nepal use of seaports for mutual benefits

-- 2022-08-05 17:45:09

Bangladesh has again proposed Nepal to use Mongla and Chattogram seaports alongside Syedpur airport for mutual benefits.  Prime Minister Sheikh Hasina made the offer while a visiting parliamenta...

Bangladesh’s economic indices rebound in July

Bangladesh’s economic indices rebound in July

FE ONLINE DESK 2022-08-05 11:01:18

The pressure on Bangladesh’s economy, generated by rising imports against less-than-sufficient exports and falling remittances amid escalating inflation, has eased slightly as the indices have r...

Focus on separate board for startups in bourses

Focus on separate board for startups in bourses

FE REPORT 2022-08-05 10:03:06

Discussants at a conference made the suggestions of forming a separate board in the bourses along with ensuring support of the regulatory bodies concerned to facilitate growth of the country's startup...

BB Governor asks banks to operate in compliance, good governance

BB Governor asks banks to operate in compliance, good governance

-- 2022-08-04 20:14:13

Bangladesh Bank Governor Abdur Rouf Talukder said that banks must comply with rules in debt management and other activities assuring that the central bank will ensure good governance in the banking se...

BB asks to calculate investment limit at purchase price of stocks

BB asks to calculate investment limit at purchase price of stocks

-- 2022-08-04 19:50:11

The investment limit (exposure limit) of banks in the capital market will now be calculated at the purchase price instead of the market price, according to the Bangladesh Bank (BB).  The central...

Non-exploration of domestic gas blamed for energy crunch

Non-exploration of domestic gas blamed for energy crunch

-- 2022-08-04 18:31:34

Speakers at a seminar, organised by FBCCI, blamed the lack of initiative in local gas exploration for the current energy crisis.  “Despite huge potentials, why have we failed to explore ou...

Stocks post modest rise after bumpy ride

Stocks post modest rise after bumpy ride

FE Online Report 2022-08-04 16:46:06

Stocks witnessed a moderate rise on Thursday, extending the gaining streak for the fifth straight session, as the investors were active on both sides of the trading fence. The market moved positive a...

Zimbabwe vs Bangladesh T20 series: A comedy of a series

Zimbabwe vs Bangladesh T20 series: A comedy of a series

Neel Rahman 2022-08-04 16:19:23

Before the start of the three-match T20 International series against Zimbabwe, the Bangladesh Cricket Board director and the Tigers’ team director Khaled Mahmud had said that he would not be dis...

Stocks witness mixed trend at opening

Stocks witness mixed trend at opening

FE ONLINE REPORT 2022-08-04 11:40:44

Stocks witnessed a mixed trend on Thursday as the investors were active on both sides of the trading fence after a sharp rise in the past four days. Following the previous four days’ steep rise...

Hiring from Bangladesh falls 32pc in July

Hiring from Bangladesh falls 32pc in July

FE REPORT 2022-08-04 09:40:39

Bangladesh’s overseas employment dropped by more than 32 per cent in July 2022 over that of the previous month, as the recruitment demand from the vital job markets slowed to some extent, insi...

Central bank amends loan rescheduling policy

Central bank amends loan rescheduling policy

FE REPORT 2022-08-04 08:59:01

The central bank has amended loan-rescheduling and restructuring policy, asking banks to classify the rescheduled loans if the borrowers failed to repay their instalments within six months, officials...

AD banks can retain value-added amount for fifteen days

AD banks can retain value-added amount for fifteen days

SIDDIQUE ISLAM 2022-08-04 08:49:42

All authorized dealer (AD) banks can now retain value-added portion of export proceeds in foreign currency for 15 days, as the central bank bends rules to boost Bangladesh's forex reserves. The Bangl...

Fund flight occurs thru export-import mismatch

Fund flight occurs thru export-import mismatch

FE REPORT 2022-08-04 08:32:19

Finance Minister AHM Mustafa Kamal dismisses any link of the price hike of fertiliser and planned raise in prices of energy and power with conditions binding a proposed IMF loan, as he vows early ec...

Request for funds will safeguard Bangladesh from further deterioration: IMF

Request for funds will safeguard Bangladesh from further deterioration: IMF

-- 2022-08-03 20:25:21

The International Monetary Fund has reassured Bangladesh of support, saying funds requested by the country will “safeguard it from further deterioration of external conditions”. Even as B...

Bangladesh Bank eases rules on encashment of export proceeds 

Bangladesh Bank eases rules on encashment of export proceeds 

-- 2022-08-03 19:46:30

The Bangladesh Bank (BB) has eased rules on the encashment of the value-added portion of repatriated export proceeds in order to bring flexibility to trade transactions.   "To bring flexibi...

Kamal hopes BD economy will be back to previous track soon

Kamal hopes BD economy will be back to previous track soon

-- 2022-08-03 18:52:47

Finance Minister AHM Mustafa Kamal has said Bangladesh's economy will return to old track very soon overcoming the challenges of the Covid-19 pandemic and the Ukraine-Russia war.  "Now our first...

IMF loan would help economy gain stability in reserves, dollar market, experts say 

IMF loan would help economy gain stability in reserves, dollar market, experts say 

-- 2022-08-03 17:47:12

Bangladesh is expecting around USD $4.5 billion loan from the International Monetary Fund (IMF) as a precautionary measure and stabilising foreign exchange reserves.  In the wake of a record $30...

Stock turnover nears Tk 12b-mark

Stock turnover nears Tk 12b-mark

FE ONLINE REPORT 2022-08-03 15:57:35

The stock market extended the winning streak Wednesday with turnover reaching nearly Tk 12 billion after three months as investors are putting fresh funds into stocks riding on favourable regulatory i...