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The Financial Express

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Bangladesh holds talks with IMF for third day over budget support

Bangladesh holds talks with IMF for third day over budget support

FE ONLINE DESK 2022-06-29 22:48:59

The government officials held talks with the representatives of the International Monetary Fund (IMF) for the third day on Wednesday on borrowing funds from the Washington-based lender to narrow the b...

Bangladesh to get $500m WB loan for power supply modernisation

Bangladesh to get $500m WB loan for power supply modernisation

-- 2022-06-29 20:20:02

The government of Bangladesh has signed a loan agreement totaling US$500 million with the World Bank to modernise the rural electricity distribution system of Dhaka and Mymensingh. Economic Relations...

Millions risk malnutrition as wheat prices surge, warn FAO and OECD

Millions risk malnutrition as wheat prices surge, warn FAO and OECD

-- 2022-06-29 20:16:49

The war in Ukraine that has stalled its wheat exports will keep global prices high into the 2022/23 season, putting millions more people at risk of undernourishment, the United Nations' food agency an...

Uttara EPZ to get $8.5 million investment

Uttara EPZ to get $8.5 million investment

-- 2022-06-29 18:43:54

Bangladeshi company Texas Clothing Limited is going to establish a garments manufacturing industry in Uttara Export Processing Zone (UEPZ) with an investment of US$ 8.5 million. An agreement was sign...

BB to unveil monetary policy for FY23 Thursday

BB to unveil monetary policy for FY23 Thursday

-- 2022-06-29 18:28:19

Bangladesh Bank (BB) is set to announce its flagship monetary policy statement (MPS) on Thursday for fiscal year 2022-23 (FY23). BB Governor Fazle Kabir will unveil the MPS tomorrow (Thursday) at 3...

World Bank approves $1.03b to improve regional trade in Bangladesh, Nepal

World Bank approves $1.03b to improve regional trade in Bangladesh, Nepal

FE ONLINE REPORT 2022-06-29 17:13:36

The World Bank has approved $1.03 billion of financing to help improve regional trade in Bangladesh and Nepal by reducing trade and transport costs and transit time along the regional corridors. Th...

Stocks edge higher after bumpy ride

Stocks edge higher after bumpy ride

FE ONLINE REPORT 2022-06-29 16:12:07

Stocks edged higher for the third straight session on Wednesday, after high volatility, as many investors remained cautious amid the confidence crisis. The market opened higher and the key index ro...

What went wrong in West Indies?

What went wrong in West Indies?

Neel Rahman 2022-06-29 13:40:47

And with that deafening 10-wicket defeat, Bangladesh have finally got out of yet another horrendous Test series in West Indies. The margin reads 2-0 like the last time, only there was no innings defea...

Markets see modest rise at opening

Markets see modest rise at opening

FE ONLINE REPORT 2022-06-29 11:30:31

Stocks witnessed a modest rise in the early trading on Wednesday as some investors opted for bargain hunting on lucrative issues. Following the previous day’s marginal gain, DSEX, the prime ind...

BSEC okays Tk 1.0b CMSF Golden Jubilee Mutual Fund

BSEC okays Tk 1.0b CMSF Golden Jubilee Mutual Fund

FE REPORT 2022-06-29 10:21:58

The securities regulator has approved the prospectus of a new closed-end mutual fund named --- 'ICB AMCL CMSF Golden Jubilee Mutual Fund' worth Tk 1.0 billion. The approval came on Tuesday at a meeti...

Palli Sanchay Bank working to bring economic emancipation, its MD tells FE

Palli Sanchay Bank working to bring economic emancipation, its MD tells FE

FE REPORT 2022-06-29 10:08:00

Palli Sanchay Bank (PSB), a specialised non-scheduled bank is working to improve the fate of teeming millions and raise the standard of living of the poor and marginal rural people and also empower th...

13 Bangladeshi firms publish GRI sustainability reports

13 Bangladeshi firms publish GRI sustainability reports

FE ONLINE REPORT 2022-06-28 20:50:58

Thirteen companies, including seven listed firms, have published Global Reporting Initiative (GRI) sustainability reports. The companies released their reports at a Zoom platform meeting held on Mo...

Export earnings cross $50 billion in FY22

Export earnings cross $50 billion in FY22

-- 2022-06-28 20:48:52

The country's exports crossed $50 billion for the first time ever in the outgoing fiscal, thanks to a record year for the readymade garments sector, according to an anonymous source at Export Promotio...

Japan to provide Tk 114.09b to Bangladesh for three projects

Japan to provide Tk 114.09b to Bangladesh for three projects

-- 2022-06-28 19:52:58

Japan will provide some 165,989 million Yen or approximately Tk 114.09 billion to Bangladesh for three projects. Out of the total amount, Japan will provide 1,65,861 million Yen or approximately Tk 1...

Project to widen Cox's Bazar marine-drive gets ECNEC nod

Project to widen Cox's Bazar marine-drive gets ECNEC nod

-- 2022-06-28 17:02:58

The Executive Committee of the National Economic Council (ECNEC) has approved a project to widen Cox's Bazar marine-drive, involving Tk10.92 billion, aiming to developing tourism industry in the reg...

Stocks edge up for second consecutive day

Stocks edge up for second consecutive day

FE ONLINE REPORT 2022-06-28 16:12:00

Stocks edged higher for the second straight session on Tuesday as the bargain hunters showed their buying interest on selective lucrative issues. The market opened higher and the positive trend sus...

Frequent change of ball decided the game

Frequent change of ball decided the game

Ahnaf Wazed Khan 2022-06-28 13:27:19

A new ball brings new hope to the bowling attack. As a result, often the change of ball is interesting as it shifts the momentum somewhat. But the 2nd Test against Bangladesh vs Windies saw a bit more...

Bourses post modest gains at opening

Bourses post modest gains at opening

FE ONLINE REPORT 2022-06-28 11:38:14

Stocks posted marginal gains in the early trading on Tuesday as some investors went bargain hunting on lucrative issues. Following the previous day’s modest gain, DSEX, the prime index of the D...

Shinepukur Ceramics' price soaring sans PSI

Shinepukur Ceramics' price soaring sans PSI

FE REPORT 2022-06-28 10:36:03

Shinepukur Ceramics is witnessing an unprecedented price hike and increase in turnover in the recent weeks despite no undisclosed price sensitive information (PSI). The ceramic maker's share turnover...

Monetary policy to battle inflation

Monetary policy to battle inflation

SIDDIQUE ISLAM 2022-06-28 08:12:51

Checking the wayward inflation without hampering the economic growth is the cornerstone in a new monetary policy the central bank is set to roll out, officials say. Outgoing Governor of the Banglades...

Country turns again to IMF after a decade

Country turns again to IMF after a decade

FHM HUMAYAN KABIR 2022-06-28 08:09:55

After the lapse of a decade, Bangladesh is likely to borrow funds from the International Monetary Fund (IMF) to narrow its budget deficit, seen as a bit high in current context. Ministry of Finance...

Milk production loan scheme extended to December 2024

Milk production loan scheme extended to December 2024

-- 2022-06-27 22:41:34

Bangladesh Bank (BB) has extended the loan repayment time to December 2024 for the milk production loans scheme. As a result, the farmers, who borrowed for cows and calves’ farms at a 4 per cen...

Job opportunity at World Bank as a Young Professional

Job opportunity at World Bank as a Young Professional

FE Online 2022-06-27 17:24:41

The World Bank is a global financial institution that provides loans and financial services to low and middle-income countries.  The WBG YPP is a two-year leadership development program at the s...

Stocks close green amid cautious trading

Stocks close green amid cautious trading

FE ONLINE REPORT 2022-06-27 15:47:25

The stock market ended marginally higher on Monday, after a single-day break, as the bargain hunters went on late hours’ buying binge on sector-wise stocks. The market index moved between pos...

Padma Bridge rakes in nearly Tk 21m in tolls on opening day

Padma Bridge rakes in nearly Tk 21m in tolls on opening day

-- 2022-06-27 12:39:42

Authorities have collected nearly Tk 21 million in tolls as over 51,000 vehicles crossed the Padma Multipurpose Bridge on its first day of operation, bdnews24.com reports. After the bridge opened to...

Stocks open mixed amid choppy trading as most investors remain shaky

Stocks open mixed amid choppy trading as most investors remain shaky

FE ONLINE REPORT   2022-06-27 11:49:27

Stocks witnessed a mixed trend in early trading on Monday as most investors remained shaky amid lack of clear market direction. Following the previous day’s correction, DSEX, the prime index of...

Country's first ETFs: UK-based Dawn Global Management to provide technical support

Country's first ETFs: UK-based Dawn Global Management to provide technical support

FE REPORT 2022-06-27 10:18:10

UK-based Dawn Global Management Ltd has expressed its interest to provide necessary technical support and training in knowledge transfer for launching the country's first exchange-traded funds (ETFs)....

New monetary policy to seek balance between credit flow and inflation

New monetary policy to seek balance between credit flow and inflation

FE ONLINE DESK 2022-06-27 09:37:40

Amid an eight-year high CPI in May and record devaluation of the currency, both policy hawks and doves at the Bangladesh Bank have their sight on the four key challenges in the upcoming fiscal year- a...

Bangladesh Bank injects $7.34b into forex market in 11 months

Bangladesh Bank injects $7.34b into forex market in 11 months

SIDDIQUE ISLAM 2022-06-27 08:11:46

The central bank has pumped over US$7.0 billion into the country's overheated foreign-exchange (forex) market in around 11 months to defend exchange rate of the local currency against the greenback....

Capacity payment goes up to Tk 265.05b in FY22: CPD

Capacity payment goes up to Tk 265.05b in FY22: CPD

-- 2022-06-26 18:58:08

The Centre for Policy Dialogue (CPD) on Sunday said that the capacity payment to private sector power plants, including rental and quick rental plants, has gone up to Tk 265.05 billion in FY22 from Tk...