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Search results for: bangladesh

Revenue collection grows 14pc

Revenue collection grows 14pc

DOULOT AKTER MALA 2022-12-31 08:58:36

Domestic revenue mobilisation posted more than 14-percent growth in the outgoing year 2022 amid inflation-fuelled economic slowdown and erosion of real income. Despite disrupted supply chain for the...

Adieu annus horribilis, hail 2023

Adieu annus horribilis, hail 2023

JASIM UDDIN HAROON 2022-12-31 08:55:15

A silver lining seems on the horizon as Bangladesh joins humanity to bid farewell to 2022 at sundown today with bitter feelings as price spirals following supply crunch and dollar spikes battered li...

Factors to play behind bear-or-bull market of 2023

Factors to play behind bear-or-bull market of 2023

BABUL BARMAN 2022-12-30 09:20:48

The stock market had a tough ride this year due to the war in Ukraine that intensified economic uncertainties and caused inflation to go a 12-year record high while floor prices turned most stocks i...

2023 may be better if regulators stop market intervention

2023 may be better if regulators stop market intervention

Mohammad Mufazzal 2022-12-30 09:19:35

Good governance should be the priority of the securities regulator and the central bank in 2023 to reduce volatility in the capital market and rejuvenate it. The major challenges that the stock mar...

HIES survey report to be out by Mar: Official

HIES survey report to be out by Mar: Official

FE REPORT 2022-12-30 09:14:33

The Household Income and Expenditure Survey (HIES) report will be published by March next year as the Bangladesh Bureau of Statistics (BBS) is going to complete its year-long data collection on Saturd...

Inward remittance to decline 3.17pc

Inward remittance to decline 3.17pc

FE REPORT 2022-12-30 09:07:29

The country's inward remittance is expected to decline 3.17 per cent in the outgoing calendar year, due to factors including sending money through unofficial channels, revealed a new report on Thursda...

Momen for reducing foreign aid dependency by strengthening income tax wing

Momen for reducing foreign aid dependency by strengthening income tax wing

-- 2022-12-29 20:33:42

Foreign Minister Dr AK Abdul Momen has put emphasis on strengthening the country's income tax wing to lessen the dependence on foreign aid. "The government can implement mega projects as the people o...

EU to provide €23m to PKSF for extreme poverty reduction

EU to provide €23m to PKSF for extreme poverty reduction

FE ONLINE REPORT 2022-12-29 16:50:17

The European Union (EU) and Palli Karma-Sahayak Foundation (PKSF) on Thursday signed a Grant Agreement to implement a new project for extreme poverty reduction in the country. The signing ceremony of...

DSE curbs access to market via app to continue services for free

DSE curbs access to market via app to continue services for free

MOHAMMAD MUFAZZAL 2022-12-29 11:31:56

Seven years have gone by since the Dhaka Stock Exchange (DSE) launched a mobile app to facilitate trading by investors from any corner of the world without the help of an intermediary, but it has...

Korean envoy for introducing technology to stop money laundering

Korean envoy for introducing technology to stop money laundering

FE ONLINE DESK 2022-12-28 19:15:48

South Korean Ambassador to Bangladesh Lee Jang-Keun has stressed the introduction of the While List System for parallel or illegal import mobile handsets so that terrorists and extremists or money lau...

Orion Infusion will now give only 20pc cash dividend

Orion Infusion will now give only 20pc cash dividend

FE REPORT 2022-12-28 09:07:00

Orion Infusion has failed to get the approval from the securities regulator for its recommended 10 per cent stock dividend and now decided to convert it to cash dividend as per the advice of the regul...

Manpower export review 2022: Outflow hits record, remittance inflow falls

Manpower export review 2022: Outflow hits record, remittance inflow falls

ARAFAT ARA 2022-12-28 09:00:05

With the opening of new markets, a record number of Bangladeshi nationals went abroad with jobs so far in the outgoing calendar year. Bangladesh sent more than 1.0 million people in the first 11 mo...

Teesta river management: Government goes slow on Chinese funding

Teesta river management: Government goes slow on Chinese funding

MIR MOSTAFIZUR RAHAMAN 2022-12-28 08:52:54

Bangladesh apparently slows down the process of receiving funds from China for the much-talked-about Teesta river-management project, officials with knowledge of the development told the FE. "We're...

Bangladesh, ADB sign $250m loan to strengthen resilience in coastal towns

Bangladesh, ADB sign $250m loan to strengthen resilience in coastal towns

-- 2022-12-27 22:39:32

The Asian Development Bank (ADB) and Bangladesh have signed agreements for $250 million in loans to strengthen climate and disaster resilience in 22 coastal towns in Bangladesh. Sharifa Khan, secreta...

HCA signed, €609m in loans approved by AFD for Bangladesh

HCA signed, €609m in loans approved by AFD for Bangladesh

-- 2022-12-27 22:10:03

In 2022, AFD and the Economic Relations Division of the government of Bangladesh signed a host country agreement (HCA) for the establishment of AFD activities in Bangladesh, a successful outcome of ye...

DSE AGM held, approves 6.0pc cash dividend

DSE AGM held, approves 6.0pc cash dividend

FE ONLINE REPORT 2022-12-27 20:24:51

The Dhaka Stock Exchange (DSE) has approved a 6.0 per cent cash dividend for its shareholders for the year ended June 30, 2022. The approval came at the premier bourse’s 61th annual general mee...

DSE key index drops to a 4.5-month low

DSE key index drops to a 4.5-month low

FE ONLINE REPORT 2022-12-27 17:31:37

The prime index of the Dhaka Stock Exchange (DSE) dropped to a 4.5-month low Tuesday as stocks continued to bleed since lifting the floor prices from certain issues that put further strain on the aili...

BB opens research cell to combat money laundering

BB opens research cell to combat money laundering

FE ONLINE DESK 2022-12-27 12:22:25

Bangladesh Bank has formed a research cell to look into the effectiveness of the country's anti-money laundering mechanisms and ways to recover illicit funds, bdnews24.com reports. The nine-str...

BSEC nod for Desh Garments, Queen South Textile to issue bonus shares

BSEC nod for Desh Garments, Queen South Textile to issue bonus shares

FE REPORT 2022-12-27 09:09:52

The Bangladesh Securities and Exchange Commission (BSEC) has given the green light to two textile companies -Desh Garments and Queen South Textile Mills -to issue bonus shares. In a filing with the...

Massive $2.47b education recuperation recipe ahead

Massive $2.47b education recuperation recipe ahead

FHM HUMAYAN KABIR 2022-12-27 08:56:41

A massive US$2.47-billion programme with World Bank assistance is in the offing for recovery of education upset by the global Covid-19 pandemic, according to officials. The WB is likely to lend US$70...

Rate caps doubly block bank, bourse development: WB

Rate caps doubly block bank, bourse development: WB

Mohammad Mufazzal 2022-12-27 08:54:47

Phased lifting of the rate cap on lending is among some key remedies the World Bank prefers for its engagement with Bangladesh's capital-market development under a major recipe, sources say. The mu...

Revenue collection posts 13.06pc growth in July-Nov

Revenue collection posts 13.06pc growth in July-Nov

-- 2022-12-26 21:23:40

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 13.06 per cent in the first five months (July-November) of the current fiscal year (FY23) fetching Tk 1.15 t...

Bangladesh signs $628.29m loan deal with ADB

Bangladesh signs $628.29m loan deal with ADB

-- 2022-12-26 19:05:34

The Asian Development Bank (ADB) and the government have signed loan agreements worth $628.29 million for the implementation of development, urban transport and climate resilience projects. Sharifa K...

Investment, business scope: Indian delegation keen on visiting Bangladesh

Investment, business scope: Indian delegation keen on visiting Bangladesh

FE REPORT 2022-12-26 10:18:15

An Indian delegation would like to visit Bangladesh, in order to understand the investment and business opportunities available in the two economies of South Asia. Kolkata-based Bengal Chamber of Com...

Yusuf Flour emerges as second-most expensive stock riding on abnormal price surge

Yusuf Flour emerges as second-most expensive stock riding on abnormal price surge

FE REPORT 2022-12-26 09:12:47

Yusuf Flour Mills, which returned to the SME Platform of Dhaka Stock Exchange (DSE) five months back after remaining in the over-the-counter market for a decade, became the second highest-priced stock...

Living gets harder as inflation outweighs wages

Living gets harder as inflation outweighs wages

JASIM UDDIN HAROON 2022-12-26 08:49:05

Commoners pay through their nose as wage growth in Bangladesh remains stubbornly far lower than consumer prices fueled by soaring headline inflation, economists say as official data show the gap. As...

Grameen Bank set to post 'highest profit' in 2022

Grameen Bank set to post 'highest profit' in 2022

ISMAIL HOSSAIN 2022-12-25 10:07:37

The microcredit pioneer Grameen Bank has recovered a record amount of classified loans in the past 11 months of the outgoing year 2022. All other indicators also showed positive developments. In con...

Paramount Textile to raise Tk 2.5b through zero-coupon bonds

Paramount Textile to raise Tk 2.5b through zero-coupon bonds

FE REPORT 2022-12-25 09:43:34

Paramount Textile Ltd. (PTL) will raise Tk 2.5 billion through issuing zero-coupon bonds to pay off its existing liabilities and fund the expansion of the company's business. The company's board of...

Next budget may bank on higher foreign aid

Next budget may bank on higher foreign aid

FHM HUMAYAN KABIR 2022-12-25 08:55:38

Development spending in the next fiscal may draw higher foreign assistance as the government envisages allocating Tk70 billion more as project aid (PA) in the financial year (FY) 2023-24 development b...

Weekly market review: Stocks wobble, turnover tumbles as investor sentiment remains low

Weekly market review: Stocks wobble, turnover tumbles as investor sentiment remains low

BABUL BARMAN 2022-12-24 09:10:14

Stocks retreated into the red in the outgoing week to Thursday, as it appears that the prolonged bearish market may not fizzle out anytime soon. In the absence of a major market trigger in these time...