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The Financial Express

Search results for: bangladesh

BSEC launches online BO account opening system

BSEC launches online BO account opening system

FE ONLINE REPORT 2021-02-10 11:53:07

The stock market regulator inaugurated the online beneficiary owners’ (BO) account opening system, in Dubai as well as at its own office in Dhaka on Tuesday. The Bangladesh Securities and Excha...

Stocks open positive amid rising turnover

Stocks open positive amid rising turnover

FE ONLINE REPORT 2021-02-10 11:47:26

Stocks opened higher on Wednesday, maintaining the previous day’s sharp rally, as bargain hunters were active on lucrative issues. Shares of Taufika Foods and Agro Industries, which made its de...

Dubai road show urges foreigners, NRBs to invest in Bangladesh capital market

Dubai road show urges foreigners, NRBs to invest in Bangladesh capital market

FE REPORT 2021-02-10 09:01:14

Stakeholders urged the foreign investors and non-resident Bangladeshis (NRBs) to invest more in Bangladesh capital market to get a better return. They were addressing the inauguration of a four-day r...

Bangladesh's imports picking up

Bangladesh's imports picking up

JASIM UDDIN HAROON 2021-02-10 08:22:38

Bangladesh's imports have started picking up for the first time since the Covid-19 pandemic paralysed the national economy, according to shipping executives. Imports surged in January by 5.0-6.0 pe...

Banks’ non-performing loans shrink, thanks to moratorium

Banks’ non-performing loans shrink, thanks to moratorium

SIDDIQUE ISLAM 2021-02-10 08:13:23

The size of the banks' non-performing loans (NPLs) shrank further at the end of the fourth quarter of 2020. The suspension of the usual practice of classifying loans that had been put into effect by...

Mask making helps rural women earn livelihood 

Mask making helps rural women earn livelihood 

-- 2021-02-09 18:25:13

Amid the tough time of coronavirus, women in Bangladesh's rural areas are making biodegradable, reusable Ella masks from garment scraps to cope with the pandemic-induced new social lifestyle and ensur...

Stocks see sharp rise at open after two-day free-fall

Stocks see sharp rise at open after two-day free-fall

FE ONLINE REPORT 2021-02-09 11:26:39

Stocks opened on higher on Tuesday, after free-fall in the past two days, as bargain hunters were active on lucrative issues. Meanwhile, a four-day long roadshow titled “Rising of Bengal Tige...

Padma Oil signs deal with two more LPG companies

Padma Oil signs deal with two more LPG companies

FE REPORT 2021-02-09 09:07:38

The state-run listed company Padma Oil Company has signed agreements with two more LPG companies - Bashundhara LP Gas and Petromax LPG-- as part of its business expansion. Under the agreement, the co...

Bangladesh's capital market road show begins in Dubai today

Bangladesh's capital market road show begins in Dubai today

FE REPORT 2021-02-09 09:04:18

A four-day long road show titled "Rising of Bengal Tiger: Potentials of Bangladesh Capital Markets", to attract foreign investors and non-resident Bangladeshis (NRBs) to the country's stock market beg...

Vietnamese firm to charge Tk 140m for continuing support to automated VAT admin

Vietnamese firm to charge Tk 140m for continuing support to automated VAT admin

DOULOT AKTER MALA 2021-02-09 08:24:26

The government will have to pay Tk 140 million to the Vietnamese firm FPT from its own coffer as per contract with the company to avail its support for continuing automated VAT administration after Ju...

SDG attainment would be tough without effective bureaucracy

SDG attainment would be tough without effective bureaucracy

FE REPORT 2021-02-09 08:11:08

Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood on Monday said the achievement of Sustainable Development Goals (SDGs) would be tough without effective and efficient bureaucratic practices. "...

Project aid in pipeline soars to $48b as state agencies fail to utilise funds

Project aid in pipeline soars to $48b as state agencies fail to utilise funds

FHM Humayan Kabir 2021-02-09 08:04:30

The volume of undisbursed project aid (PA) ballooned to more than US$48 billion until December last, as many public agencies failed to utilise the same, officials said on Monday. The amount is more...

Cyclone Amphan, COVID-19 pandemic push shrimp farmers into poverty

Cyclone Amphan, COVID-19 pandemic push shrimp farmers into poverty

-- 2021-02-08 19:46:36

This time last year the west coast of Bangladesh was a thriving place for shrimp farmers. It was a decent enough living and there was a healthy export market. Majnu Sardar, who lives in Koyra upazila...

Taufika Foods to make debut Wednesday

Taufika Foods to make debut Wednesday

FE ONLINE REPORT 2021-02-08 18:42:57

Taufika Foods & Agro Industries, which produces ice cream under the brand name “Lovello”, will make its share trading debut on bourses on Wednesday under “N” category, offi...

Stocks keep tumbling as major stocks plunge

Stocks keep tumbling as major stocks plunge

FE ONLINE REPORT 2021-02-08 16:21:45

Stocks continued to bleed for the two straight sessions on Monday as investors kept their panic sell-offs to avoid further losses. After losing roughly 143 points in the previous day, the market saw...

Stocks slide at open amid lackluster trade

Stocks slide at open amid lackluster trade

FE ONLINE REPORT 2021-02-08 11:17:07

Stocks plunged in early trading on Monday, maintaining the previous day’s sharp decline as investors kept their sell-offs on major issues. Following the previous day’s free-fall, the ke...

Padma Oil signs business deal with two more LPG cos

Padma Oil signs business deal with two more LPG cos

FE ONLINE REPORT 2021-02-08 10:40:47

The state-run listed company Padma Oil, as part of its business expansion, has signed agreements with two non-listed LPG companies - Bashundhara LP Gas and Petromax LPG. Under the agreement, the...

Interest rate spread widens as small savers hit hard

Interest rate spread widens as small savers hit hard

SIDDIQUE ISLAM 2021-02-08 08:54:31

The interest rate spread widened further in December last as the banks cut the deposit rates deeper than that of the lending rates, bankers have said. The weighted average spread between the lendin...

Customs delay bites Bangladesh businesses

Customs delay bites Bangladesh businesses

DOULOT AKTER MALA 2021-02-08 08:51:01

Businesses are facing delay and counting higher costs while complying with customs documentation at the ports, although the authorities have made significant improvements in recent times. In 50 per c...

Banks can give a maximum of 30pc dividend for 2020

Banks can give a maximum of 30pc dividend for 2020

FE REPORT 2021-02-08 08:45:35

The banking companies would be able to declare maximum 30 per cent dividend, including 15 per cent cash, for the year ended on December 31, 2020. The Bangladesh Bank (BB) has set the limit for the ba...

World Bank okays $40m for Bangladesh to expand e-GP coverage

World Bank okays $40m for Bangladesh to expand e-GP coverage

-- 2021-02-07 17:14:03

The World Bank has approved $40 million to help Bangladesh increase the coverage of electronic government procurement (e-GP) with new features to respond to the COVID 19 challenges. This additio...

DSEX sinks below 5,600-mark on panic sale

DSEX sinks below 5,600-mark on panic sale

FE ONLINE REPORT 2021-02-07 16:16:04

Stocks witnessed a free-fall on Sunday, with the core index of the Dhaka Stock Exchange (DSE) sinking below 5,600-mark as investors went for panic sell-offs to avoid further losses. The market opened...

Stocks volatile as mass vaccination begins

Stocks volatile as mass vaccination begins

FE ONLINE REPORT 2021-02-07 11:44:08

Stocks witnessed volatility on Sunday morning as the nationwide mass coronavirus vaccination rolled out across the country amid a lukewarm interest from the people in getting the shots. Bangladesh be...

Listed private power companies' EPS soars in July-Dec

Listed private power companies' EPS soars in July-Dec

BABUL BARMAN 2021-02-07 10:11:40

Earnings per share (EPS) of most listed power generation companies in private sector under 'fuel & power' sector showed better performance in first half (H1) of the current financial year despite...

Apparel exports to US drop about 12pc in 2020

Apparel exports to US drop about 12pc in 2020

MONIRA MUNNI 2021-02-07 09:51:51

The country's apparel exports to the United States fell by 11.73 per cent to US$ 5.22 billion in 2020 year on year mainly due to the adverse impact of Covid-19 pandemic. Bangladesh fetched $ 5.92 bil...

LDC graduation’s gains to outweigh any losses, says Kamal

LDC graduation’s gains to outweigh any losses, says Kamal

-- 2021-02-06 21:23:26

Finance Minister A H M Mustafa Kamal on Saturday said graduation from the Least Developed Country (LDC) status would be a matter of great honour and pride for the country. "Such pride and prestige ca...

LDC graduation to bring new opportunities, FBCCI president hopes

LDC graduation to bring new opportunities, FBCCI president hopes

FE ONLINE DESK 2021-02-06 19:25:52

FBCCI President Sheikh Fazle Fahim has said Bangladesh would get new facilities in commerce graduating out of the least developed country (LDC). Describing LDC graduation as a big achievement for the...

'Many corporations doctor financial statements'

'Many corporations doctor financial statements'

FE REPORT 2021-02-06 10:40:47

Many corporations are learned to manipulate their financial statements through supplying 'false information', which often misleads investors and causes monetary loss to them. Adoption of informatio...

Four out of 10 losers in last week's market are newly listed companies

Four out of 10 losers in last week's market are newly listed companies

FE REPORT 2021-02-06 09:49:34

Newly-listed companies, which rallied over the last few weeks, suffered the biggest hits in the outgoing week that ended on Thursday as four out of top ten losers were newcomers. Energypac Power Ge...

Fast-track projects to undergo review as half of mega schemes go off-track

Fast-track projects to undergo review as half of mega schemes go off-track

FHM Humayan Kabir 2021-02-06 09:46:32

A high-level review of the implementation of government's 'fast-track' projects will take place soon, officials said on Friday. The first-track project monitoring taskforce, headed by principal sec...