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The Financial Express

Search results for: bangladesh

OFID to provide $70m support to offset Covid-19 impacts

OFID to provide $70m support to offset Covid-19 impacts

FHM HUMAYAN KABIR 2020-10-01 10:11:38

The OPEC Fund for International Development (OFID) would provide US$70 million budgetary support to Bangladesh, for the first time, to weather the impacts of the Covid-19 pandemic on the economy. The...

Draft prospectus of SAML Income Unit Fund approved

Draft prospectus of SAML Income Unit Fund approved

FE Report 2020-10-01 10:05:04

The securities regulator has approved the draft prospectus of SAML Income Unit Fund whose initial size will be Tk 100 million. The approval came Wednesday at a meeting held at the office of the Bangl...

Interest rate spread rises in August

Interest rate spread rises in August

SIDDIQUE ISLAM 2020-10-01 09:36:22

The interest rate spread in the country's banking system increased slightly in August 2020 as banks further slashed rates on deposits but charged a little bit higher on lending. The weighted average...

Study favours FTA with Japan

Study favours FTA with Japan

SYFUL ISLAM 2020-10-01 09:21:43

Signing a free trade area (FTA) agreement with Japan will be immensely beneficial to Bangladesh in the post-LDC era when the country losses trade concessions, a study has found. Presently, all but a...

‘Further relaxation on loan repayment to help businesses’

‘Further relaxation on loan repayment to help businesses’

-- 2020-09-30 20:51:56

Defending the central bank’s move for further relaxation of the bank loan repayment by extending the moratorium until December 31, Finance Minister AHM Mustafa Kamal has said the step aims at he...

Easy funds from stimulus packages trigger inflation fears

Easy funds from stimulus packages trigger inflation fears

-- 2020-09-30 19:58:16

Bangladesh is eyeing a robust economic growth on government measures to ensure flow of money amid the coronavirus crisis, but easy funds from the stimulus packages have triggered fears of inflation....

Stocks extend losses as investors booking profit

Stocks extend losses as investors booking profit

FE ONLINE REPORT 2020-09-30 16:02:22

Stocks extended the losing streak for the two consecutive sessions on Wednesday as risk-averse investors continued profit booking on quick-gaining stocks. The market opened on an upbeat note and the...

Stocks fall as investors grab profit

Stocks fall as investors grab profit

FE ONLINE REPORT 2020-09-30 11:05:09

Stocks witnessed a downward trend in early hours of trading on Wednesday as risk-averse investors opted for booking profit on quick-gaining stocks. Following the previous day’s modest correctio...

Sukuk to 'widely contribute to development activities'

Sukuk to 'widely contribute to development activities'

FE ONLINE REPORT 2020-09-30 10:06:11

Participants at the closing ceremony of the 'Workshop on Issuance and Management of Sukuk in Bangladesh' held virtually on Tuesday The government is going to introduce Sukuk in the country, which is...

'Alternative' investing made easier

'Alternative' investing made easier

FE REPORT 2020-09-30 09:43:11

The central bank has cut the 'risk weight' for banks to invest in 'alternative' investments. An alternative investment is an investment in any asset class, excluding stocks, bonds, and cash. The r...

Govt seeks more aid from development partners

Govt seeks more aid from development partners

FHM HUMAYAN KABIR 2020-09-30 09:30:46

The government has sought extended financial support from the development partners for implementing the upcoming 8th five-year plan (FYP) to uplift employment and cut poverty to below 16 per cent, off...

Duty-free export market: Bangladesh mulls delay in LDC graduation

Duty-free export market: Bangladesh mulls delay in LDC graduation

FE REPORT 2020-09-30 09:29:40

Prime minister's private industry and investment adviser Salman Fazlur Rahman on Tuesday hinted that Bangladesh is considering 'postponement' of its LDC (least-developed country) graduation slated for...

Import orders drop by 20pc in August

Import orders drop by 20pc in August

SIDDIQUE ISLAM 2020-09-30 09:24:51

Bangladesh's import orders dropped by nearly 20 per cent or US$713.01 million in August last due to lower demand particularly for apparel and clothing because of the ongoing Covid-19 pandemic. Openin...

ECNEC approves four projects involving Tk 3.38b

ECNEC approves four projects involving Tk 3.38b

-- 2020-09-29 17:46:41

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved four projects involving a total cost of Tk 7.96 billion, including a Tk 3.38 billion one to make mouza and plot-bas...

Profit booking drags stocks down

Profit booking drags stocks down

FE ONLINE REPORT 2020-09-29 16:04:31

Stocks drifted lower on Tuesday after a single-day break as risk-averse investors opted for booking profits on quick-gaining stocks. The market opened on an upbeat note and the key index of the major...

BSEC revises margin loan limit

BSEC revises margin loan limit

FE Online Report 2020-09-29 13:04:24

The securities regulator has revised the margin loan limit announced recently based on the movement of the broad index of Dhaka Stock Exchange (DSE). The Bangladesh Securities and Exchange Commission...

Apex Tannery to sign contract with three companies to sell finished leather

Apex Tannery to sign contract with three companies to sell finished leather

FE ONLINE REPORT 2020-09-29 12:46:15

The board of directors of Apex Tannery Limited has decided to enter into a contract with three companies to sell its finished leather. The board has taken the decision to enter into a contract to sel...

Share bidding of Lub-rref (Bangladesh) begins Oct 12

Share bidding of Lub-rref (Bangladesh) begins Oct 12

FE ONLINE REPORT 2020-09-29 11:44:39

Price-bidding for eligible investors (EIs) to fix the cut-off price of shares of Lub-rref (Bangladesh) Ltd, a local lubricant producer, will commence from October 12 at 5:00pm. The Chattogram-based c...

Digital submission of IPO proposals in the offing

Digital submission of IPO proposals in the offing

Mohammad Mufazzal 2020-09-29 09:35:13

A specific time-frame of approving IPO proposals will be mentioned in a uniform law. "Presently, a move is underway to bring the activities of the securities regulator and operations of the capital m...

Remittance inflow increases amid 55pc fall of migrant jobs

Remittance inflow increases amid 55pc fall of migrant jobs

-- 2020-09-28 19:41:59

Although outflow of migrant workers in January-August period of this year has dropped by 55 per cent compared to same period a year earlier, Bangladesh witnessed 9.6 per cent increase in inflow of rem...

BB extends suspension of loan classification for more three months

BB extends suspension of loan classification for more three months

FE ONLINE REPORT 2020-09-28 19:00:59

The central bank of Bangladesh has extended suspension of adverse classification of any loan for more three months to facilitate business activities that have been adversely affected by the ongoing Co...

DSE, CSE rebound after single-day break

DSE, CSE rebound after single-day break

FE ONLINE REPORT 2020-09-28 17:27:25

Stocks rebounded in the upbeat note on Monday, after a single-day break, as optimistic investors showed their appetite on selective issues amid high expectations. The market opened on an upbeat note...

Energypac Power’s cut-off price fixed at Tk 35

Energypac Power’s cut-off price fixed at Tk 35

FE ONLINE REPORT 2020-09-28 16:05:09

The cut-off price of Energypac Power Generation shares has been fixed at Tk 35 each through electronic bidding by eligible institutional investors. The Dhaka Stock Exchange (DSE) on Monday disclosed...

Stocks open on firm note

Stocks open on firm note

FE ONLINE REPORT 2020-09-28 11:13:53

Stocks witnessed an upward trend in early hours of trading on Monday as optimistic investors showed appetite on sector-wise issues amid high expectations. Following the previous day’s marginal...

Energypac eyes bigger footprint in autogas industry

Energypac eyes bigger footprint in autogas industry

BABUL BARMAN 2020-09-28 09:58:44

Energypac Power Generation Limited (EPGL), one of the leading power engineering companies in Bangladesh, is set to invest more in LPG business from its IPO proceeds to grab a significant share of the...

Bangladesh Bank relaxes ESF conditions   

Bangladesh Bank relaxes ESF conditions  

FE REPORT 2020-09-28 09:48:44

Bangladesh Bank (BB) on Sunday amended the guidelines for the Entrepreneurship Support Fund (ESF) to make it easy for the entrepreneurs. The amendments included, cutting fees for application, definin...

July-Aug tax revenue collection up slightly

July-Aug tax revenue collection up slightly

DOULOT AKTER MALA 2020-09-28 09:43:36

The government's tax revenue collection improved slightly in the July-August period of this fiscal year (FY), 2020-21, with a nominal growth over the corresponding period of last FY. It happened so, a...

BSEC probe suggests DSE OMS upgrade

BSEC probe suggests DSE OMS upgrade

 FE REPORT 2020-09-28 09:34:37

The probe committee of the securities regulator has made a set of recommendations including upgrading OMS (order management system) for smooth execution of trading on Dhaka Stock Exchange (DSE). The...

Pragati Life Insurance holds 20th AGM

Pragati Life Insurance holds 20th AGM

-- 2020-09-27 17:47:29

The 20th Annual General Meeting (AGM) of Pragati Life Insurance Limited held on Sunday.  The chairman of the company Khalilur Rahman presided over the meeting online.   The shareholders un...

Mosharrof Hossain appointed chairman of IDRA

Mosharrof Hossain appointed chairman of IDRA

FE Online Report 2020-09-27 16:14:31

Dr M Mosharrof Hossain has been appointed chairman of the IDRA, the regulator of 79 life and non-life insurers in Bangladesh. The government on Sunday issued an order in this regard. Earlier, he was...