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The Financial Express

Search results for: bangladesh

“Focus on external sources, not banks, to ease budget deficit”

“Focus on external sources, not banks, to ease budget deficit”

FE ONLINE REPORT 2020-07-11 19:17:26

More focus needs to be given on sourcing funds from external sources, reducing dependency on bank borrowing, to mitigate the budget deficit, according to the experts and stakeholders. Suggesting redu...

Govt defers fund release for low-priority projects

Govt defers fund release for low-priority projects

SYFUL ISLAM 2020-07-11 10:31:04

The government has decided to suspend fund release for implementation of low-priority projects under the Annual Development Programme (ADP) of this fiscal year (FY), 2020-21. The decision has been ta...

Lack of investment diversification among hurdles to boost FDI

Lack of investment diversification among hurdles to boost FDI

FE Report 2020-07-11 10:27:32

Speakers at a webinar identified lack of diversification in investment as a key challenge in boosting foreign direct investment (FDI) in the country. The speakers stressed on the need for policy meas...

Share price of Paramount Ins soaring sans PSI

Share price of Paramount Ins soaring sans PSI

FE REPORT 2020-07-11 10:06:34

The share price of Paramount Insurance Company is soaring without having any undisclosed price sensitive information. Within a week, the company's share price jumped more than 53 per cent or Tk 23 ea...

Weekly review: Stocks extend winning streak amid regulatory moves

Weekly review: Stocks extend winning streak amid regulatory moves

Babul Barman 2020-07-11 10:00:15

Stocks extended the winning streak for the third straight week that ended on Thursday as investors showed their appetite following the ultimatum for complying with minimum shareholding by the stock ma...

Foreign cos to invest in JV projects

Foreign cos to invest in JV projects

MIR MOSTAFIZUR RAHAMAN 2020-07-11 09:39:04

Several foreign companies have recently shown interest to invest in joint venture projects in the state-owned sugar mills, offering an opportunity for the BSFIC to revive the ailing mills. A consorti...

Yields on treasury bills fall in June   

Yields on treasury bills fall in June  

JASIM UDDIN HAROON 2020-07-11 09:35:06

The yields on treasury bills slid in June last over the same period of a year earlier, according to Bangladesh Bank data. The falling trend of the same was also continuing in this month of July amid...

‘Rural economy to be under pressure with returnees from cities’

‘Rural economy to be under pressure with returnees from cities’

-- 2020-07-10 19:18:09

Rural economy of the country is going to be under pressure as a significant number of people from urban areas are returning to their respective villages losing the sources of their earnings due to Cov...

Brokerage firms' mkt operations: Deficiencies found in many accounts

Brokerage firms' mkt operations: Deficiencies found in many accounts

FE Report 2020-07-10 09:48:21

The securities regulator and the premier bourse have strengthened monitoring over the brokerage firms' market operations to ensure the protection of investors' funds and shares. As part of the move...

Covid exposes inept health sector

Covid exposes inept health sector

FHM HumayanKabir 2020-07-10 09:38:00

The COVID pandemichas laid barethe health sector's horrible record, underscoring the ministry's worst performance in executing development projects in the last decade, officials said on Wednesday. An...

MoF blocks Tk 24.47b of road projects in FY 20

MoF blocks Tk 24.47b of road projects in FY 20

MUNIMA SULTANA 2020-07-10 09:29:24

Fund crisis caused by the coronavirus pandemic forced the government to block allocation of Tk 24.47 billion funds of different road infrastructure projects in last fiscal year (FY), 2019-2020. As a...

Stocks keep gaining amid soaring turnover

Stocks keep gaining amid soaring turnover

FE ONLINE REPORT 2020-07-09 16:21:29

Stocks extended the winning streak for the four consecutive sessions on Thursday as the optimistic investors continued their appetite following the minimum shareholding ultimatum by the securities r...

Bata Shoe declares ‘no’ final dividend

Bata Shoe declares ‘no’ final dividend

FE ONLINE REPORT 2020-07-09 11:43:24

The board of directors of the Bata Shoe Company (Bangladesh) has recommended ‘no’ final dividend for the year ended on December 31, 2019 due to the worldwide as well as the countrywide shu...

Stocks open higher amid soaring turnover

Stocks open higher amid soaring turnover

FE ONLINE REPORT 2020-07-09 11:30:43

Stocks witnessed an upward trend in early trading on Thursday as optimistic investors showed their appetite following the minimum shareholding ultimatum by the stock market regulator. Within 30 minut...

Indian economic zone: Delhi set to offer $115 million

Indian economic zone: Delhi set to offer $115 million

Saif Uddin 2020-07-09 10:46:24

The economic zone dedicated to Indian investors is set to avail US$115 million under the third credit line from the neighbouring country, a top official said on Tuesday. "The Indian government has re...

Dutch-Bangla Bank approves 25pc dividend

Dutch-Bangla Bank approves 25pc dividend

FE DESK REPORT 2020-07-09 09:40:32

The 24th Annual General Meeting (AGM) of Dutch-Bangla Bank Limited was held on Wednesday through virtual platform under the Chairmanship of Sayem Ahmed, Chairman of the board of directors of the ban...

Govt revenue from DSE hits 10-year low

Govt revenue from DSE hits 10-year low

Babul Barman 2020-07-09 09:37:58

The government's revenue earnings from the Dhaka Stock Exchange (DSE) hit more than 10 years low to Tk 1.04 billion in the just concluded fiscal year (FY) 2019-20due to bearish market trend. Market o...

Stimulus package: Banks wary amid soured loan fears

Stimulus package: Banks wary amid soured loan fears

Siddique Islam 2020-07-09 09:24:09

Most of the banks are moving carefully while implementing the government's stimulus package for industrial and services sectors to avoid being trapped into fresh defaulted loans. The lenders are scru...

Rice import duty cut may hurt Aman farmers

Rice import duty cut may hurt Aman farmers

Yasir Wardad 2020-07-08 19:47:54

The government's decision to reduce duty on rice import could hurt Aman farmers during the harvesting time, said insiders. They put emphasis on higher procurement from domestic sources as well as lim...

Bourses extend winning streak amid rising turnover

Bourses extend winning streak amid rising turnover

FE ONLINE REPORT 2020-07-08 15:59:16

Stocks extended the gaining streak for the three consecutive sessions on Wednesday as some investors continued to show their buying appetite following the minimum shareholding ultimatum by the regulat...

Bill placed in JS to raise BB governors’ age limit to 67 years

Bill placed in JS to raise BB governors’ age limit to 67 years

-- 2020-07-08 13:59:02

The Bangladesh Bank (Amendment) Bill, 2020 has been placed in Parliament to extend the age limit of the governor of the central bank to 67 years. Planning Minister MA Mannan, in absence of Finance Mi...

Stocks open positive as bourses back normal trading

Stocks open positive as bourses back normal trading

FE ONLINE REPORT 2020-07-08 11:20:49

Stocks saw a positive trend in early trading on Wednesday as optimistic investors showed their appetite following the minimum shareholding ultimatum by the stock market regulator. Recently, the sec...

BJA seeks source tax cut on jute exports

BJA seeks source tax cut on jute exports

 FE Report 2020-07-08 10:16:42

Bangladesh Jute Association (BJA)has demanded reduction of source tax on their export earnings. It also sought facilities of stimulus package announced by the government for the businesses. To this...

Public subscription of Walton IPO to begin Aug 9

Public subscription of Walton IPO to begin Aug 9

FE REPORT 2020-07-08 10:13:22

Public subscription of Walton Hi-Tech Industries Ltd is set to open on August 9 which will be continued until August 16. The company received the letter of consent from the Bangladesh Securities an...

Fighting Covid-19: Health ministry seeks Tk 5.0 billion

Fighting Covid-19: Health ministry seeks Tk 5.0 billion

FE REPORT 2020-07-08 09:56:21

Health ministry has sought an estimated Tk 5.0-billion emergency fund from the government with an eye to fighting Covid-19, officials said. To this effect, central medical stores depot (CMSD) has rec...

Crest Securities owner, wife 'confesses to crime'

Crest Securities owner, wife 'confesses to crime'

-- 2020-07-07 21:27:49

Crest Securities Ltd Managing Director Md Shahid Ullah and his wife Nipa Sultana have confessed to their involvement with the embezzlement of clients’ funds during primary interrogations, police...

BB relaxes regulations to attract FDI

BB relaxes regulations to attract FDI

FE ONLINE REPORT 2020-07-07 19:13:49

The central bank of Bangladesh has relaxed regulations aiming to attract foreign direct investment (FDI) through providing three more facilities to foreign investors. Under the relaxations, foreign i...

BD likely to continue steady growth rates: HSBC economist

BD likely to continue steady growth rates: HSBC economist

-- 2020-07-07 18:32:29

As global growth recovers in the coming quarters, Bangladesh stands to benefit from its strong economic fundamentals and will likely continue to deliver steady growth rates despite COVID-19 pandemic....

Bourses back to regular trading hours Wednesday

Bourses back to regular trading hours Wednesday

FE ONLINE REPORT 2020-07-07 16:00:55

Trading on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will return to normal schedule of four hours tomorrow (Wednesday). As per the new decision, trading at the bourses will begin...

DSEX exceeds 4,000-mark after five weeks

DSEX exceeds 4,000-mark after five weeks

FE ONLINE REPORT 2020-07-07 15:18:30

The prime index of the Dhaka Stock Exchange (DSE) crossed the 4,000-mark after five weeks on Tuesday as optimistic investors continued their buying binge on the regulatory move for ensuring mandatory...