Search results for: bangladesh

Trade with Russia: BD out to find payment option amid SWIFT ban

REZAUL KARIM 2022-10-29 08:48:03

Dhaka is desperately exploring alternative payment systems amid multiple sanctions, including SWIFT ban, against Russia as bilateral trade will suffer a setback sans a free and safe transaction mechan...

IMF support to enable govt to recharge reserves

SYFUL ISLAM 2022-10-29 08:16:23

The International Monetary Fund (IMF) says its support programme for Bangladesh will help the country replenish its foreign-currency reserves and enhance the capacity to deal with economic downturn fe...

Metro Spinning Mills to give 8.0pc dividend

FE REPORT 2022-10-28 11:56:02

Metro Spinning Mills has recommended an 8.0 per cent dividend for the year ending on June 30, 2022. Of 8.0 per cent dividend, 3.0 per cent will be distributed in cash and 5.0 per cent in stock. The...

Sinobangla stock jumps 30pc after disclosure of rights issue

FE REPORT 2022-10-28 11:21:59

The share price of Sinobangla Industries shot up by 30 per cent or Tk 18 to Tk 78.20 on Thursday after it announced rights issues to raise the paid-up capital. The board of directors decided to issue...

Low interest income brings down DBH Finance's profit by 24pc

BABUL BARMAN 2022-10-28 10:38:21

DBH Finance PLC posted a 24 per cent year-on-year fall in profit in the third quarter this year as interest income from loans dropped significantly. DBH Finance, formally known as Delta Brac Housing...

GSP, cotton to dominate next Ticfa talks

FE REPORT 2022-10-28 10:02:20

Commercec Minister Tipu Munshi on Thursday said cotton fumigation and generalised system of preference (GSP) issues would be discussed in details in the next meeting of the Trade and Investment Cooper...

Remake social protection schemes suiting new normal

FE REPORT 2022-10-28 09:01:40

Bangladesh's social-protection schemes need to be reshuffled to deal with emerging risks in the post-pandemic new normal wherein more vulnerable groups have to be served, South Asian Network on Econom...

FDI jumps by 37.20pc in FY22

Asjadul Kibira 2022-10-27 21:57:03

The net inflow of foreign direct investment (FDI) in the country again crossed the US$3.0 billion level, after two years, in the last fiscal year (FY22). The latest statistics, released by the centra...

Talks with IMF for $4.5b loan satisfactory, says BB

-- 2022-10-27 18:24:27

Bangladesh Bank (BB) on Thursday said the first round of dialogue with a visiting delegation of the International Monetary Fund (IMF) for obtaining a loan of $4.5 billion was satisfactory, an official...

Mongla Port activities see sharp rise after Padma Bridge opening

-- 2022-10-27 18:09:33

Amid import control and inflation in the economy, the Mongla Port, the country’s second-largest seaport, saw huge export and import in the last three and a half months in the current fiscal year...

US Commercial Service opens new office in Dhaka to boost trade ties

-- 2022-10-27 15:54:27

The United States has formally opened a new commercial service office at the US Embassy in Dhaka, which will play an important role in strengthening trade ties between the two countries. US Assistant...

Beacon Pharma's profit rises 8.28pc

FE REPORT 2022-10-27 13:18:49

Beacon Pharmaceuticals has registered a marginal growth in earnings per share for the fiscal 2021-22 compared to the previous year. The EPS rose 8.28 per cent to Tk 4.05 from the last fiscal year. T...

Linde's profit plummets on fall in Covid-induced demand for Oxygen

BABUL BARMAN 2022-10-27 13:11:42

Linde Bangladesh, a leading medical and industrial gas producer, has reported a 23 per cent year-on-year drop in net profits for the third quarter of 2022, driven mainly by a sharp revenue fall in its...

DSE, CSE gain at open

FE ONLINE REPORT 2022-10-27 11:27:22

Stocks opened higher on Thursday, riding on the price appreciation in some selective stocks amidst the ongoing earnings declarations. Following the previous day’s gain, DSEX, the prime index of...

Bangladesh seeks AIIB's enhanced budget support

FHM HUMAYAN KABIR 2022-10-27 10:24:29

Bangladesh has sought extended assistance, especially budget support, from the Asian Infrastructure Investment Bank (AIIB), officials said here on Wednesday. Amid the volatile global scenario, Financ...

Covid shocks still stalk education, job creation

FE REPORT 2022-10-27 10:17:53

Despite some economic recovery from the Covid-19 fallout, challenges still persist largely in health, education, employment generation and poverty reduction in Bangladesh, according to a survey. Besi...

IMF stocktaking on budgetary support begins

FE REPORT 2022-10-27 08:48:56

Finance officials appear upbeat about getting a US$4.5-billion loan approved as the International Monetary Fund (IMF) opens talks on the budget-support credit Bangladesh has sought to replenish fo...

IMF delegation arrives in Dhaka to discuss $4.5b loan

-- 2022-10-26 19:48:59

An International Monetary Fund (IMF) team is now in Dhaka to discuss the terms and conditions of a prospective $4.5 billion loan for the Bangladesh government.  Officials of the Ministry of Fina...

Speakers stress need for competitive tariff structure for post-LDC period

-- 2022-10-26 19:21:34

Speakers at a workshop have underscored the need for a competitive and rationalised tariff structure for the post-LDC period. They made the observation at a workshop on ‘Competitive tariff stru...

Tigers need strategic change ahead of the Proteas clash

Shajedul Rahin 2022-10-26 18:38:45

After about a decade and a half, Bangladesh finally won a match in the Super 12s, or simply the second round of the T20 World Cup, beating Netherlands by just 9 runs.  There are some positives t...

Bangladesh to get $3.41m from Jica for human resource development

-- 2022-10-26 16:22:42

Japan International Cooperation Agency (JICA) has signed a grant agreement with the government for the implementation of the Project for Human Resource Development Scholarship (JDS). The JDS is a gra...

Pacers show hope, batters as usual

Neel Rahman 2022-10-26 16:10:25

Bangladesh finally found a win in the Super 12 stage of a T20 World Cup with their nine-run win over Netherlands, and the pacers were the ones who brought them that. Taskin Ahmed was the star of the...

MJL Bangladesh's profit declines for rising costs amid devaluation of taka

MOHAMMAD MUFAZZAL 2022-10-26 11:49:56

MJL Bangladesh has recommended 50 per cent cash dividend for fiscal 2021-22 despite a decline in profits, only to maintain consistency with its previous records. Profits fell because of the rising co...

BSEC to probe unusual price movement of Gemini Sea Food

FE REPORT 2022-10-26 11:28:07

The securities regulator has formed a body to probe into unusual price and volume movements of Gemini Sea Food. Bangladesh Securities and Exchange Commission (BSEC) on Tuesday took the step in the in...

Traders lose appetite for treasury bonds as regulatory barriers get in the way

MOHAMMAD MUFAZZAL 2022-10-26 11:24:44

The long-anticipated trading of treasury bonds (T-Bonds) is not getting momentum because of a clash between the roles and rules of the two regulatory bodies. Bangladesh Bank is the regulator of T-bon...

Bangladesh an attractive business hub, says US envoy

FE REPORT 2022-10-26 10:11:41

Terming Bangladesh attractive as a trade destination, US Ambassador in Dhaka Peter D Haas said the more US companies explore Bangladesh market, the better the possibility of investment from them. US...

Q1 foreign aid drops

FHM HUMAYAN KABIR 2022-10-26 07:52:59

Foreign-aid flow into Bangladesh ebbed down in the first quarter (Q1) of the current fiscal as key multilateral donors appeared generous on pledge but tightfisted on fund disbursement, officials say....

IMF’s $4.5b loan to Bangladesh unlikely before January: officials

-- 2022-10-25 18:54:27

The $4.5 billion loan Bangladesh is seeking from the International Monetary Fund (IMF) is unlikely to arrive before January next year, according to officials familiar with the negotiations. An IMF te...

Chattogram EPZ to get $31.75m more investment

-- 2022-10-25 18:35:02

Bangladeshi company Ms Pacific Attires Limited is going to set up a high-end garments manufacturing industry in Chattogram Export Processing Zone (CEPZ). This company will invest US$31.75 million whe...

NHFIL to open Islamic Finance window 

FE ONLINE REPORT 2022-10-25 12:19:42

The board of directors of National Housing Finance and Investment has decided to commence Shariah-compliant business operations under Islamic Finance Window. The opening of the Islamic Finance Window...