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The Financial Express

Search results for: bangladesh

DSEX exceeds 6100-mark at opening

DSEX exceeds 6100-mark at opening

FE ONLINE REPORT 2021-06-21 11:00:10

The market opened sharply higher on Monday with the key index of the Dhaka Stock Exchange (DSE) crossing the 6,100-mark in early trading as investors are showing buying spree on major sector issues....

GPH Ispat starts commercial production at new plant

GPH Ispat starts commercial production at new plant

FE ONLINE REPORT 2021-06-21 10:57:19

GPH Ispat, a listed steel manufacturing company, started commercial production at its new Tk 23.90 billion expansion plant on Monday. The company started commercial production using state-o...

'Investments, jobs key to economic recovery'

'Investments, jobs key to economic recovery'

FE REPORT 2021-06-21 10:49:31

Increasing investment, sustaining domestic demand, and creating employment in the coming days are vital for the economic recovery of the country that should pay special attention to the small and me...

Dhaka halves project cost to access Chinese loan

Dhaka halves project cost to access Chinese loan

MIR MOSTAFIZUR RAHAMAN 2021-06-21 10:09:43

The government has halved the commercial contract value of the project titled 'Establishing Digital Connectivity' to US$ 473 million from $ 984.70 million, apparently to ensure easy access to Chinese...

Activists call for mapping out green growth model for sustainable development

Activists call for mapping out green growth model for sustainable development

FE REPORT 2021-06-21 10:02:15

Speakers at a webinar on Sunday said the country needed a right kind of green growth model for its successful transition to sustainable development from a polluting one. The model should be formulate...

Experts for raising hygiene allocation in FY22 budget to fight Covid

Experts for raising hygiene allocation in FY22 budget to fight Covid

FE ONLINE REPORT 2021-06-20 19:52:23

Experts urged the government to raise the allocation on hygiene in the proposed national budget for 2021-22 fiscal year (FY22) as a key priority to fight Covid-19 and keep the progress to meet SDG goa...

IFIC Bank plans to raise Tk 10b through perpetual bonds

IFIC Bank plans to raise Tk 10b through perpetual bonds

-- 2021-06-20 17:59:08

International Finance Investment and Commerce (IFIC) Bank plans to issue Tk 10 billion worth of perpetual bonds to raise capital.Of the Tk 10 billion, Tk 9 billion will be sold through private placeme...

Issuance of Bangladesh's 1st municipal bond being delayed

Issuance of Bangladesh's 1st municipal bond being delayed

MOHAMMAD MUFAZZAL 2021-06-20 15:41:35

The issuance of the country's first municipal bond still hangs in balance even though two key government agencies issued clearance in this regard nine months ago. Dhaka North City Corporation (DNCC)...

Stocks open marginally lower on profit booking

Stocks open marginally lower on profit booking

FE ONLINE REPORT 2021-06-20 10:48:36

The market opened marginally lower on Sunday as risk-averse investors booked some profit on quick-gaining stocks. Following the previous week’s correction, the market opened lower and the DSE...

IFIC Bank to raise Tk 10b through perpetual bond

IFIC Bank to raise Tk 10b through perpetual bond

FE Online Report 2021-06-20 10:35:20

The board of directors of IFIC Bank has decided to raise Tk 10 billion through issuance of perpetual bonds to boost the capital base of the bank. The bank will issue the bond for raising funds as add...

Bond market needs to be made 'visible': Salman Rahman

Bond market needs to be made 'visible': Salman Rahman

FE REPORT 2021-06-20 08:55:13

Mr Salman F Rahman, adviser to the prime minister on private industry and investment, on Saturday laid emphasis on making the country's bond market 'visible' to the investors. "The basic problem of t...

Covid fallout may further weaken democracy in South Asia, says Indian economist Nayyar

Covid fallout may further weaken democracy in South Asia, says Indian economist Nayyar

FE Report 2021-06-20 08:46:53

The fallout from Covid may further weaken the democracy in South Asian region as the political governments there have been inclined to undermine the democratic practices, Professor Deepak Nayyar, a pr...

Govt seeks higher growth for lower poverty, says budget document

Govt seeks higher growth for lower poverty, says budget document

UNB 2021-06-19 20:02:12

A higher economic growth remains on top of the government's agenda for reducing poverty and inequalities that will lead to improved living standard of low-income people, according to a document in the...

Weak execution capacity creates corruption: SANEM conference

Weak execution capacity creates corruption: SANEM conference

FE REPORT 2021-06-19 11:53:08

The policies, rules and laws formulated through replicating the best practices create the scope of corruption in developing countries due to the weak implementation capacity of institutions, an econom...

South Bangla Bank's IPO subscription begins July 5

South Bangla Bank's IPO subscription begins July 5

FE REPORT 2021-06-19 11:24:56

The initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) will begin on 5 July, aiming to raise Tk 1.0 billion under the fixed price method. The private le...

Number of IPO applications for Sonali Life Ins falls drastically

Number of IPO applications for Sonali Life Ins falls drastically

FE REPORT 2021-06-19 10:48:40

The number of IPO applications for Sonali Life Insurance Company has dropped drastically in the newly introduced pro rata basis allotment. But the overall subscription in terms of amount was oversubsc...

$250m ADB loan for safety-net overhaul

$250m ADB loan for safety-net overhaul

FE REPORT 2021-06-19 09:02:21

The Asian Development Bank (ADB) would provide US$250 million policy-based loan to Bangladesh for facilitating reforms in improving social safety-net programmes amid the Covid-19 pandemic. The Board...

Regulator lifts floor prices of all shares

Regulator lifts floor prices of all shares

FE REPORT 2021-06-18 08:35:06

The country's stock market has returned to standard price movement system, as the securities regulator has lifted floor prices of all listed securities, set earlier to contain abnormal price fall amid...

Bangladesh-linked money in Swiss banks falls

Bangladesh-linked money in Swiss banks falls

ASJADUL KIBRIA 2021-06-18 08:25:56

Deposits in Swiss banks by Bangladeshi nationals and entities declined by 8.23 per cent to CHF (Swiss Franc) 562.86 million in 2020, according to latest data. The Bangladesh-linked money, considered...

Bangladesh urges IORA member states to enhance economic cooperation

Bangladesh urges IORA member states to enhance economic cooperation

UNB 2021-06-17 19:51:36

Bangladesh has urged the member states and dialogue partners of the Indian Ocean Rim Association (IORA) to formulate and implement projects for economic cooperation relating to trade facilitation and...

Stocks end week on flat note

Stocks end week on flat note

Stocks end week on flat note 2021-06-17 17:02:09

Stocks ended almost flat on Thursday, after remaining higher in the previous two days, as late hours selling pressure wiped out the early gains. The market opened on a positive note and the key index...

Stocks open marginally higher on investors' buying appetite

Stocks open marginally higher on investors' buying appetite

FE ONLINE REPORT 2021-06-17 11:00:41

The market opened marginally higher on Thursday as investors continued their buying appetite on sector-specific issues. Following the previous day’s modest gain, the market opened on a positi...

CSE revises Shariah Index

CSE revises Shariah Index

FE ONLINE REPORT 2021-06-17 10:44:38

The Chittagong Stock Exchange (CSE) has revised its Shariah Index on the basis of the performance of the CSE listed companies. After revision, 13 new companies have been included while eight companie...

SoCBs widen sector's Q1 provisioning shortfall

SoCBs widen sector's Q1 provisioning shortfall

Siddique Islam 2021-06-17 08:48:09

The provisioning shortfall against their loans in the country's banking system swelled in the first quarter (Q1) of current calendar year despite the fact loan classification has been on a relaxed m...

Bangladesh economy faces a fresh blow: MCCI

Bangladesh economy faces a fresh blow: MCCI

FE REPORT 2021-06-17 08:37:30

Bangladesh's economy is facing yet another blow due to the resurgence of Covid-19, the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has said. The economy showed signs of recovery in...

Minister Kamal sees two reasons behind money laundering

Minister Kamal sees two reasons behind money laundering

FE REPORT 2021-06-17 08:31:54

Finance Minister A H M Mustafa Kamal said on Wednesday some people launder money out of excessive greed for wealth, whereas some others are criminal by nature who indulge themselves in such offences...

Bangladesh could save $500m every year by recycling cotton

Bangladesh could save $500m every year by recycling cotton

REUTERS 2021-06-16 17:37:42

Bangladesh’s garment industry, the world’s second-largest exporter of clothes, could reduce its annual spending by half a billion dollars if it recycled cotton waste from its factories and...

Stocks ended marginally higher amid rising turnover

Stocks ended marginally higher amid rising turnover

FE Online Report 2021-06-16 16:22:41

Stocks ended marginally higher for the second straight sessions on Wednesday as investors continued their buying appetite on insurance sector issues. The market opened on a positive note which persis...

Rampal project work in slow lane

Rampal project work in slow lane

FHM Humayan Kabir 2021-06-16 12:49:09

The implementation of the Rampal 1320-megawatt (MW) thermal power plant, a fast-track project, is on the slow lane as only 66 per cent of the total job could be done as of April last, project insiders...

DSE halts Banco trading

DSE halts Banco trading

FE REPORT 2021-06-16 12:32:57

The Dhaka Stock Exchange (DSE) has suspended trading at Banco Securities, and filed a case against its owners over alleged embezzlement of clients' fund worth around Tk 660 million. The bourse has...