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The Financial Express

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Forex falls fast on import financing, market feeding

Forex falls fast on import financing, market feeding

SIDDIQUE ISLAM 2022-05-12 08:23:14

Bangladesh's foreign-exchange reserves fell to US$41.95 billion following the feeding of the dollar-hungry money market over the months and a latest large import payment. Official sources say the cen...

Bangladesh may restructure non-essential projects due to Russia-Ukraine war

Bangladesh may restructure non-essential projects due to Russia-Ukraine war

-- 2022-05-11 19:21:43

Finance Minister AHM Mustafa Kamal on Wednesday said the government of Bangladesh may restructure non-essential projects to tackle the impacts of Russia-Ukraine war. According to the minister, the wh...

US wants to expand trade ties with Bangladesh

US wants to expand trade ties with Bangladesh

-- 2022-05-11 19:00:05

US Ambassador to Bangladesh Peter Haas has said Bangladesh and the United States can “go fastest together” in building trade and investment relationships between the two countries. &n...

BSEC to hold roadshow in Qatar to attract FDI

BSEC to hold roadshow in Qatar to attract FDI

-- 2022-05-11 16:50:53

The Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Investment Development Authority (BIDA) are going to organise a roadshow in Qatar from May 18 to May 19 to attract more foreign...

DSEX drops below 6600-mark amid panic sale

DSEX drops below 6600-mark amid panic sale

FE ONLINE REPORT 2022-05-11 16:30:12

Stocks fell sharply on Wednesday, extending the losing streak for the two consecutive sessions, as investors went for a panic-driven sell-off amid concerns over the country’s macroeconomic sit...

Stocks open lower amid high volatility

Stocks open lower amid high volatility

FE ONLINE REPORT 2022-05-11 12:25:14

The market opened marginally lower with high volatility on Wednesday as the risk-averse investors sold shares for booking profit on sector specific issues. Following the previous day’s correcti...

BSEC okays draft prospectus of Investasia Growth Fund

BSEC okays draft prospectus of Investasia Growth Fund

FE REPORT 2022-05-11 10:14:09

The stock market regulator has approved a draft prospectus of an open-end mutual fund named -Investasia Growth Fund. The approval came on Tuesday at a meeting held at the office of Bangladesh Securit...

Tax receipts from DSE jump 41pc in 10 months

Tax receipts from DSE jump 41pc in 10 months

BABUL BARMAN 2022-05-11 09:59:09

The government revenue earnings from Dhaka Stock Exchange (DSE) jumped 41 per cent in 10 months of the current fiscal year compared to the same period last fiscal backed by rising trading volume. Mar...

Central bank tightens LC rules, doubles margin for non-essential imports  

Central bank tightens LC rules, doubles margin for non-essential imports  

SIDDIQUE ISLAM 2022-05-10 22:49:56

The central bank has tightened the letter of credit (LC) rules, doubling the margin for all imports, save some essentials, to ease import-payment pressure on the economy, according to officials. Unde...

ECNEC approves 11 projects involving Tk 58.25 billion

ECNEC approves 11 projects involving Tk 58.25 billion

-- 2022-05-10 17:04:24

The Executive Committee of the National Economic Council (ECNEC) has approved a total of 11 projects involving Tk 58.25 billion including setting up ‘Sheikh Kamal IT Training Incubation Center (...

Bangladesh’s per capita income surges to $2,824

Bangladesh’s per capita income surges to $2,824

-- 2022-05-10 16:37:23

The country’s per capita income increased by US$ 233 to US$ 2,824 during FY22, as per a provisional estimate by the Bangladesh Bureau of Statistics (BBS). Planning Minister MA Mannan disclosed...

Stocks fall after two-day rise

Stocks fall after two-day rise

FE ONLINE REPORT 2022-05-10 16:24:55

Stocks ended lower on Tuesday, snapping a two-day gain, as the risk-averse investors opted for booking profit on quick-gaining issues in the final hour. Following the previous two days’ gain, t...

Bangladesh’s GDP growth estimated at 7.25pc in FY22: BBS

Bangladesh’s GDP growth estimated at 7.25pc in FY22: BBS

-- 2022-05-10 15:28:15

Bangladesh’s economy has begun to overcome the hurdles of the COVID-19 pandemic and has, once again, reached 7 per cent GDP growth. “Real GDP growth has hit 7.25 per cent in the ongoing 2...

Bourses post marginal gains at opening

Bourses post marginal gains at opening

FE ONLINE REPORT 2022-05-10 11:45:25

The market opened marginally higher on Tuesday as investors were active on both sides of the trading fence. Following the previous two days’ gain, DSEX, the prime index of the Dhaka Stock Excha...

NBR bags 62pc revenue target in July-March

NBR bags 62pc revenue target in July-March

DOULOT AKTER MALA 2022-05-10 08:33:47

The revenue authority collected Tk 2.04 trillion or 62 per cent of the total tax revenue target for the entire fiscal year (FY) 2021-22 until March - leaving a large task for its last or fourth quarte...

BDT falls more against US$

BDT falls more against US$

SIDDIQUE ISLAM 2022-05-10 08:29:45

The exchange rate of Bangladesh taka (BDT) again dropped against the US dollar (US$)- mainly due to higher demand for the greenback for settling import-payment obligations. The local currency lost it...

Debt discomfort may stare at Bangladesh too

Debt discomfort may stare at Bangladesh too

FE REPORT 2022-05-10 08:27:38

Bangladesh too may get into "discomfort" with its foreign debt after the fiscal year 2024-25 particularly following big borrowings for megaprojects having little immediate returns, says CPD's Dr Debap...

Finance minister thanks ADB for providing budget aid to tackle pandemic

Finance minister thanks ADB for providing budget aid to tackle pandemic

-- 2022-05-09 22:48:01

Finance Minister AHM Mustafa Kamal on Monday thanked Asian Development Bank (ADB) for providing Bangladesh with $1.0 billion as budget aid to face the adverse economic impact of the Covid-19 pandemic....

Bangladesh earns $4.73 billion from exports in April

Bangladesh earns $4.73 billion from exports in April

-- 2022-05-09 20:18:34

Bangladesh’s exports have continued to grow, with a 51.18 per cent year-on-year rise in April, despite the ripple effects of the Ukraine-Russia war across the globe. In the same period last yea...

Bangladesh Bank struggles to meet dollar demand

Bangladesh Bank struggles to meet dollar demand

-- 2022-05-09 19:08:00

Bangladesh Bank (BB) is struggling to meet the growing demand for the US dollar amid a sharp rise in post-pandemic economic activities. The number of credit bonds or LCs for importing goods is incr...

Spending of high-value foreign debt increases at nonproductive sector, CPD says

Spending of high-value foreign debt increases at nonproductive sector, CPD says

-- 2022-05-09 17:52:34

Although Bangladesh remains in a suitable position on public debt, it may be pushed to yellow rate after FY 25 as spending of high-value foreign debt increases at the nonproductive sector, a CPD study...

‘US entrepreneurs keen to invest in smart Bangladesh'

‘US entrepreneurs keen to invest in smart Bangladesh'

-- 2022-05-09 16:43:04

Prime Minister's Private Sector Industry and Investment Adviser Salman F Rahman on Monday said the visiting delegation of the US Bangladesh Business Council has expressed their keenness to invest in '...

DSE turnover crosses Tk 12b-mark

DSE turnover crosses Tk 12b-mark

FE ONLINE REPORT 2022-05-09 16:06:29

Daily trade turnover on Dhaka Stock Exchange (DSE) crossed Tk 12 billion-mark on Monday, after two and a half months, as buoyant investors put fresh funds on stocks anticipating positive momentum ah...

Stocks open higher amid increased participation

Stocks open higher amid increased participation

FE ONLINE REPORT 2022-05-09 11:37:08

The market opened higher on Monday as bargain hunters showed their buying interest in sector-wise stocks. The number of investors on the trading floor also surged as most investors returned to Dhaka...

Lanka forex crunch: Bangladesh extends loan tenure

Lanka forex crunch: Bangladesh extends loan tenure

FE REPORT 2022-05-09 08:44:22

Bangladesh extends the tenure of a bilateral currency-swap agreement with Sri Lanka by a year in consideration of foreign-exchange crunch the cash-strapped island nation suffers. Officials Sunday sai...

Current-account deficit balloons to $14 billion

Current-account deficit balloons to $14 billion

SIDDIQUE ISLAM 2022-05-09 08:24:50

Bangladesh's current-account deficit hits an 'all-time high' at $14.07 billion as widening trade gap coupled with lower remittance receipts affects the macroeconomic balance, officials say. The count...

Shahjalal Bank to issue Tk 5.0b bond

Shahjalal Bank to issue Tk 5.0b bond

FE ONLINE REPORT 2022-05-08 20:06:40

Shahjalal Islami Bank Ltd has decided to issue ‘SJIBL 3rd Mudaraba Subordinated Bond’ of Tk 5.0 billion to strengthen the capital base of the bank. The board of the bank has taken the d...

Stocks bounce back with high turnover

Stocks bounce back with high turnover

FE ONLINE REPORT 2022-05-08 15:36:42

The market rebounded in the gaining streak on Sunday, snapping a two-day losing streak, as bargain hunters showed their buying interest in sector-wise stocks. The market opened higher and went throug...

Bourses open week on upbeat note

Bourses open week on upbeat note

FE ONLINE REPORT 2022-05-08 11:39:39

The markets opened higher on Sunday, the opening day of the week, as the bargain hunters showed their buying interest in sector-wise stocks based on the latest corporate declarations. The participati...

IT cos' mixed performance in Q3 EPS

IT cos' mixed performance in Q3 EPS

FE REPORT 2022-05-08 10:14:48

Listed IT companies registered mixed performance in the growth of EPS (earnings per share) for January-March, 2022 (Q3) compared to the same period of the previous year. Of 11 listed IT companies, th...