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The Financial Express

Search results for: bangladesh

China's duty rebate yields little for Bangladesh

China's duty rebate yields little for Bangladesh

SYFUL ISLAM 2021-01-26 08:12:43

The prolonged tariff preferences have hardly helped Bangladesh boost exports to the Chinese market due to narrow product basket, stringent value addition requirement and the lack of competitiveness, s...

Finance minister says number of loan defaulters stands at 334,982

Finance minister says number of loan defaulters stands at 334,982

-- 2021-01-25 17:10:35

Finance Minister AHM Mustafa Kamal has said there are 334,982 loan defaulters in banks and other financial institutions in Bangladesh at present. Kamal highlighted the steps taken by the government f...

DSEX dips below 5,800-mark as investors continue profit booking on sector-wise issues

DSEX dips below 5,800-mark as investors continue profit booking on sector-wise issues

FE ONLINE REPORT 2021-01-25 16:33:16

Stocks extended the losing streak on Monday, with the key index of the major bourse dipping below 5,800-mark, as cautious investors continued their profit booking on sector-wise issues. DSEX, the pri...

Bangladesh sees slump in FDI inflow as foreign investment falls worldwide

Bangladesh sees slump in FDI inflow as foreign investment falls worldwide

FE REPORT 2021-01-25 12:53:08

Global inflow of foreign direct investment (FDI) showed a steep fall of US$859 billion in 2020 from $1.5 trillion a year earlier as the fallout of Covid-19, says a UN report. The provisional estimate...

Taufika Food's IPO lottery draw tomorrow

Taufika Food's IPO lottery draw tomorrow

FE REPORT 2021-01-25 12:50:58

The initial public offering (IPO) lottery draw of Taufika Foods & Agro Industries, which produces ice cream under the brand name of 'Lovello', to be held tomorrow (Tuesday). The event will begin...

Bangladesh's poverty rate may now be 20-22pc: Minister Mannan

Bangladesh's poverty rate may now be 20-22pc: Minister Mannan

FE Report 2021-01-25 12:35:50

Disagreeing with a recent survey that showed upper poverty rate reaching 42 per cent in the country in December 2020, Planning Minister M A Mannan on Sunday said current poverty rate might be within 2...

Bridges Division to return 43pc of funds for failing to implement projects

Bridges Division to return 43pc of funds for failing to implement projects

FHM Humayan Kabir 2021-01-25 12:35:38

The Bridges Division, failing to implement projects in time, has proposed to surrender more than 43 per cent of its fund allocations in the development budget, officials said on Saturday. The divisio...

Over half of BO accounts inactive in share market

Over half of BO accounts inactive in share market

MOHAMMAD MUFAZZAL 2021-01-25 12:28:04

More than 50 per cent of the active BO (beneficiary owner's) have no role in the country's capital market as those accounts have either 'zero' balance or 'never' been used for trading purpose. The nu...

Stocks break three-day winning streak

Stocks break three-day winning streak

-- 2021-01-24 16:24:14

Stocks ended marginally lower on Sunday, snapping a three-day positive session, as investors mostly followed cautious stance amid persistent profit-booking tendency. DSEX, the prime index of the Dhak...

Stocks gain at opening amid rising turnover

Stocks gain at opening amid rising turnover

FE ONLINE REPORT 2021-01-24 11:20:41

Stocks on both the bourses witnessed a positive note amid soaring turnover in the early trading on Sunday as investors went on buying spree on major sector stocks. Beximco Pharma’s share soared...

88pc customers' complaints addressed

88pc customers' complaints addressed

FE Report 2021-01-24 10:19:51

The securities regulator has addressed 88 per cent of the total complaints submitted online by investors since the introduction of online complaint module. After introduction of Customer Complaints...

Poverty doubles to 42pc; 28.5pc Bangladeshis extremely poor: SANEM survey

Poverty doubles to 42pc; 28.5pc Bangladeshis extremely poor: SANEM survey

FE REPORT 2021-01-24 08:54:30

Upper poverty rate in Bangladesh almost doubled to 42 per cent in December 2020 from 21.6 per cent in 2018 for Covid-19, according to a latest household survey. Lower or extreme poverty rate also inc...

Corruption, judicial weaknesses inhibit private investment

Corruption, judicial weaknesses inhibit private investment

FE REPORT 2021-01-24 08:47:32

Despite the single-digit interest regime, the private sector investment has remained stagnant because of both corruption and some weakness of the country's judicial system, an economist says. "The go...

Current account surplus exceeds $4.0b in Nov

Current account surplus exceeds $4.0b in Nov

FE REPORT 2021-01-23 09:54:32

The country's current account balance recorded a surplus for the fifth consecutive month, reaching US$ 4.1 billion in November 2020, as against a deficit of $1.4 billion recorded in the same period...

Role of mutual funds in building portfolios

Role of mutual funds in building portfolios

RAIHAN AMIN 2021-01-22 10:13:20

Financial security during old-age affects almost everyone. Bangladeshis, who can afford, tend to acquire property. While this strategy may increase wealth, especially in view of rising prices, the inc...

New IPO share allotment system from April 01

New IPO share allotment system from April 01

FE Report 2021-01-22 10:00:46

The Bangladesh Securities and Exchange Commission (BSEC) has issued a directive to introduce the new system of allotment of IPO shares among the general investors within March 31. From April 1, there...

Export volume exceeds pre-Covid level

Export volume exceeds pre-Covid level

JASIM UDDIN HAROON 2021-01-22 08:29:07

The country's merchandise exports exceeded the pre-Covid-19 level in December, showing a rebound in shipment, despite sluggish import. Some 55,905 twenty-foot equivalent units were shipped in Decembe...

Baraka Patenga Power share bidding to begin February 15

Baraka Patenga Power share bidding to begin February 15

FE REPORT 2021-01-21 09:26:11

Baraka Patenga Power's bidding to explore the cut-off price of its shares will commence on February 15 which will raise Tk 2.25 billion under the book-building method. The power generation company's...

NBR clarifies rule to re-export fertilizer to Nepal

NBR clarifies rule to re-export fertilizer to Nepal

Doulot Akter Mala 2021-01-21 08:50:49

The National Board of Revenue's (NBR) Customs Wing has given permission to re-export fertiliser to Nepal after importing it from China, under entrepot trade, imposing a condition of 10 per cent local...

Liquidity glut on the banks could fuel inflation, central bank warns

Liquidity glut on the banks could fuel inflation, central bank warns

SIDDIQUE ISLAM 2021-01-21 08:14:19

The surplus liquidity in the banking system might fuel inflationary pressure in the country in the near future, the Bangladesh Bank (BB) has said in its just-published annual report for the fiscal y...

Two African countries to take farmworkers from Bangladesh, informs minister

Two African countries to take farmworkers from Bangladesh, informs minister

FE ONLINE REPORT 2021-01-20 18:02:40

Bangladesh is in talks with several African countries to sending workers and Sudan and Kenya have already agreed to take Bangladeshi farmworkers, said Foreign Minister Dr AK Abdul Momen on Wednesday....

Stocks post slight gain after bumpy ride

Stocks post slight gain after bumpy ride

FE ONLINE REPORT 2021-01-20 16:27:11

Stocks posted a marginal gain on Wednesday after choppy trading as investors booked profits with cautious positioning. The market swung between positive and negative in the very beginning due to pers...

Stocks open higher amid low trading

Stocks open higher amid low trading

FE ONLINE REPORT 2021-01-20 11:28:18

Stocks on both the bourses witnessed an upward trend in the early trading on Wednesday as bargain hunters continued to put fresh bets on sector-wise issues. Following the previous day’s margina...

Bangladeshi women get lowest wage in Oman: Study

Bangladeshi women get lowest wage in Oman: Study

FE Report 2021-01-20 09:01:54

Bangladeshi women domestic workers receive the lowest wage in Oman, according to a study. It has showed that Filipino women call the highest rate of pay as elsewhere in the gulf region. The minimu...

Poor project execution prompts soul-searching

Poor project execution prompts soul-searching

FHM HUMAYAN KABIR 2021-01-20 08:45:24

The Planning Commission (PC) has taken a tough stance against the projects in the Barishal region that have made very poor progress, in terms of their execution. Planning Minister M.A. Mannan himse...

Dhaka Stock Exchange asked to set out 10-year business plan

Dhaka Stock Exchange asked to set out 10-year business plan

FE REPORT 2021-01-20 08:40:11

The securities regulator has sought a 'comprehensive' business plan of ten years from the Dhaka Stock Exchange (DSE). The regulatory instruction came Tuesday at a meeting held at the office of the...

Govt appoints Ahmed Jamal as central bank director

Govt appoints Ahmed Jamal as central bank director

-- 2021-01-19 20:14:15

The government has appointed Bangladesh Bank (BB) deputy governor Ahmed Jamal as the director of the Board of Directors and the member of the executive committee of the bank for the next three years....

Dhaka stocks down at opening

Dhaka stocks down at opening

FE ONLINE REPORT 2021-01-19 11:03:28

Stocks on Dhaka bourse witnessed a downward trend in the early trading on Tuesday as risk-averse investors continued their profit booking sell-offs on quick-gaining stocks. However, Energypac Power G...

Costs of mega projects escalate; RHD demands higher funds

Costs of mega projects escalate; RHD demands higher funds

FHM Humayan Kabir 2021-01-19 09:03:23

The Roads and Highways Department (RHD) has sought 10 per cent higher funds than its allocation to finance some mega projects ahead of the annual development programme (ADP) revision, officials said o...

Trade and Tariff Commission proposes withdrawal of VAT on cooking oil production, trading

Trade and Tariff Commission proposes withdrawal of VAT on cooking oil production, trading

SYFUL ISLAM 2021-01-19 08:59:14

Amid the skyrocketing prices of edible oils in the local market, a government body has suggested withdrawing value-added tax (VAT) to tame inflation. The Bangladesh Trade and Tariff Commission (BTTC)...