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The Financial Express

Search results for: bangladesh

Bangladesh, Australia going to strike TIFA deal

Bangladesh, Australia going to strike TIFA deal

SYFUL ISLAM 2021-08-20 09:41:44

Bangladesh and Australia are set to sign Trade and Investment Framework Agreement (TIFA) aimed at bolstering bilateral trade by way of removing barriers and tapping potential, officials said. Both th...

LankaBangla Finance's earnings skyrocket

LankaBangla Finance's earnings skyrocket

FE REPORT 2021-08-20 09:36:35

LankaBangla Finance posted an impressive 2900 per cent increase in its second-quarter (Q2) earnings for April-June 2021, compared to the same period last year, thanks to a bullish capital market and...

Bangladeshi depositors get higher returns than they should, says Kamal

Bangladeshi depositors get higher returns than they should, says Kamal

FE REPORT 2021-08-20 08:30:51

Finance Minister AHM Mustafa Kamal claimed Thursday Bangladeshi depositors get higher returns than they should as compared to the gains in other countries, thus deflating a different view. "In other...

Banks see surge in non-performing loans despite policy backup

Banks see surge in non-performing loans despite policy backup

SIDDIQUE ISLAM 2021-08-20 08:07:01

Classified loans in the banking sector went ballooning in the first half (H1) of the current calendar year despite policy perks coming from the central bank to stem the rot. The volume of non-perform...

Stocks edge down for second day after bumpy ride

Stocks edge down for second day after bumpy ride

FE Online Report 2021-08-19 16:16:23

Stocks edged down for the second straight sessions Thursday after high volatility as the risk-averse investors preferred to book profit on quick-gaining issues. The market moved between positive an...

Stocks open mixed with rising turnover

Stocks open mixed with rising turnover

FE ONLINE REPORT 2021-08-19 10:51:07

Stocks opened a mixed trend on Thursday, after the previous day’s modest correction, as investors are active on both sides of the trading fence. Following the previous day’s mild correc...

Authorities find ways to pay 75pc of foreigners' salaries in home countries

Authorities find ways to pay 75pc of foreigners' salaries in home countries

DOULOT AKTER MALA 2021-08-19 09:57:26

The authorities concerned met virtually on Wednesday, devising ways for the foreign nationals working in the mega projects here so that they can receive 75 per cent of the pay and perks in their hom...

BB asks banks to submit PIF statements quarterly

BB asks banks to submit PIF statements quarterly

FE Online Report 2021-08-18 20:47:58

The central bank of Bangladesh has instructed all the scheduled banks to submit their post import financing (PIF) statement to its Department of Off-Site Supervision (DOS) every quarter, officials sai...

Stock market snaps a four-day winning streak

Stock market snaps a four-day winning streak

FE ONLINE REPORT 2021-08-18 16:16:32

The stock market saw a moderate correction Wednesday, snapping a four-day winning streak, as risk-averse investors opted for booking profits on quick-gaining stocks. The market opened higher and the...

DSEX crosses 6800-mark at opening

DSEX crosses 6800-mark at opening

FE ONLINE REPORT 2021-08-18 10:57:22

Stocks opened on an upbeat note on Wednesday with the key index of the Dhaka bourse crossing the 6800-mark in the early trading as buoyant investors continued their buying spree. DSEX, the prime inde...

Anwar Galvanizing's price jumps on expansion news

Anwar Galvanizing's price jumps on expansion news

FE REPORT 2021-08-18 09:55:04

The share price of Anwar Galvanizing, a subsidiary of Anwar Group, soared following the news that the company has decided to double its production. The share price rose by 3.15 per cent on Tuesday...

Central bank asks non-banking financial institutions to lend rightly

Central bank asks non-banking financial institutions to lend rightly

SIDDIQUE ISLAM 2021-08-18 08:43:08

The central bank has instructed non-banking financial institutions (NBFIs) to ensure loan or lease financing appropriately for improving corporate governance in the financial sector, as some aberrat...

Stocks extend rally to set new highs

Stocks extend rally to set new highs

FE Online Report 2021-08-17 18:37:51

Stocks extended their rally on Tuesday with the key index of the Dhaka Stock Exchange (DSE) and market-cap setting new records as investors put fresh bets on bank and insurance issues. DSEX, the prim...

Govt to borrow Tk 73 billion in rest of the month

Govt to borrow Tk 73 billion in rest of the month

FE Online Report 2021-08-17 13:24:38

To meet the recurrent spending, the government wants to borrow some Tk 73 billion through treasury bills and bonds during the rest of the ongoing August. As a part to borrow the money from the financ...

Stocks open mixed after record-breaking rally

Stocks open mixed after record-breaking rally

FE ONLINE REPORT 2021-08-17 10:58:49

Stocks opened on a mixed trend on Tuesday, after the record-breaking rally in the previous session, as risk-averse investors are preferred to book profit on quick-gaining issues. DSEX, the prime inde...

National Housing share price rising sans PSI

National Housing share price rising sans PSI

FE REPORT 2021-08-17 09:40:45

National Housing Finance & Investment is witnessing an unprecedented price hike and increase in volume of shares despite no undisclosed price sensitive information (PSI). Within a week, the non...

No bid on BB bills accepted

No bid on BB bills accepted

SIDDIQUE ISLAM 2021-08-17 09:01:16

The central bank did not accept any bid from the auction of its two-type Bangladesh Bank (BB) bills on Monday as bidders quoted higher yields on the instruments, officials said. "No bid was accepted...

DSE daily turnover hits fresh decade high

DSE daily turnover hits fresh decade high

  FE ONLINE REPORT 2021-08-16 16:44:03

Dhaka Stock Exchange (DSE) registered a turnover of Tk 29.54 billion on Monday, a fresh high in a decade, as the buoyant investors put fresh funds on stocks after the securities regulator extended c...

DSEX crosses 6700-mark at opening riding on BSEC move

DSEX crosses 6700-mark at opening riding on BSEC move

FE ONLINE REPORT 2021-08-16 11:19:37

Stocks opened on an upbeat note Monday, the first trading day of this week, as the buoyant investors continued their appetite after the securities regulator extended credit facilities further to the i...

Rise in earning per unit of mutual funds

Rise in earning per unit of mutual funds

FE REPORT 2021-08-16 10:06:28

Many listed mutual funds (MFs) saw rise in earnings per unit (EPU) for April-June, 2021 compared to same period of the previous year riding on their returns from the stock market. Apart from recommen...

Tax receipts from DSE jump 54pc

Tax receipts from DSE jump 54pc

BABUL BARMAN 2021-08-16 09:57:24

The government's revenue earnings from the Dhaka Stock Exchange (DSE) rose 54 per cent year-on-year in the first month of the current fiscal year as trading volume was on the rise. Market analysts sa...

Microfinance institutions falling into non-performing loan trap

Microfinance institutions falling into non-performing loan trap

Siddique Islam 2021-08-16 08:42:02

The amount of classified loans in the micro-finance institutions (MFIs) jumped by 25 per cent in fiscal year (FY) 2019-20 mainly due to the Covid-19 pandemic, officials said. The non-performing loa...

Investors allowed to avail of credit facilities as per existing margin ratio

Investors allowed to avail of credit facilities as per existing margin ratio

FE REPORT 2021-08-15 09:57:44

Investors will be allowed to avail credit facilities as per the existing margin ratio until the broad index of the premier bourse exists below 8000 points. The Bangladesh Securities and Exchange Co...

Bangladesh's revenue receipts increase 21pc

Bangladesh's revenue receipts increase 21pc

DOULOT AKTER MALA 2021-08-15 08:32:09

The tax revenue collection recorded an impressive 21 per cent growth in the fiscal year (FY) 2020-21 over that of the previous FY. Greater mobilisation of corporate and withholding tax made the fea...

Govt giving importance to local, foreign investment for post-pandemic recovery

Govt giving importance to local, foreign investment for post-pandemic recovery

UNB 2021-08-14 18:52:24

With the pandemic hitting the economy hard as an external shock, the government gives immense importance to investments, both local and foreign ones, for ensuring balanced development and improving th...

Construction work of Karnaphuli tunnel in full swing as lockdown eased

Construction work of Karnaphuli tunnel in full swing as lockdown eased

FE REPORT 2021-08-14 10:04:08

CHATTOGRAM: The construction work of the second tube of the Bangabandhu Tunnel under the Karnaphuli River is going on in full swing in the post-lockdown period. Once established, the dream project wi...

Tamijuddin Textile returns to CSE's main market Monday

Tamijuddin Textile returns to CSE's main market Monday

FE REPORT 2021-08-14 09:56:16

Tamijuddin Textile Mills will be traded on the Chittagong Stock Exchange's main market from Monday (August 16), after remaining in the over-the-counter (OTC) market since 2009. The port city bourse h...

Securities regulator increases margin loan ratio

Securities regulator increases margin loan ratio

FE ONLINE REPORT 2021-08-14 09:49:18

BSEC has directed all TREC holders to extend the facility considering the pandemic. The loan ratio against the investment will be 80 per cent if the DSE main index DSEX remains below 8000, said the B...

Eight mutual funds declare cash dividends

Eight mutual funds declare cash dividends

FE REPORT 2021-08-13 09:57:30

Eight closed-end mutual funds managed by ICB Asset Management Company Ltd. (AMCL) have declared cash dividends for the year ended on June 30, 2021. The trustee committees of these funds have approved...

Bangladeshi banks may face asset quality challenge in post-Covid situation

Bangladeshi banks may face asset quality challenge in post-Covid situation

-- 2021-08-13 09:19:16

Maintaining the existing asset quality, now largely helped by generous government support regimes, may emerge as a key challenge in post-pandemic situation for Bangladesh's banking sector. Such progn...