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The Financial Express

Search results for: bangladesh

BB asks SoCBs to submit action plans

BB asks SoCBs to submit action plans

Siddique Islam 2018-05-08 09:34:51

The central bank has asked the five state-owned commercial banks (SoCBs) to submit their action plans as early as possible to improve financial health through reducing the volume of classified loans...

Next ADP size to reach Tk 1.73t

Next ADP size to reach Tk 1.73t

FHM Humayan Kabir 2018-05-08 09:27:21

The government is set to approve Tk 1.73 trillion Annual Development Programme (ADP) for the next fiscal year on Thursday, with the transport sector receiving the highest funds, officials said Monda...

MCCI chief calls for overcoming  hurdles to ensure green growth

MCCI chief calls for overcoming hurdles to ensure green growth

FE Report 2018-05-08 00:53:19

President of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) Nihad Kabir said Bangladesh has been facing several challenges in environmental front. The challenges include air and water pol...

Bangladesh foreign exchange reserves rise to $33.11b

Bangladesh foreign exchange reserves rise to $33.11b

-- 2018-05-07 16:24:54

Bangladesh’s foreign exchange reserves rose to $33.11 billion at the end of April, $709 million higher than one month earlier. The central bank on Sunday also said the reserves were up nearly 2...

Stocks extend losses for fourth day

Stocks extend losses for fourth day

FE Online Report 2018-05-07 16:24:54

Stocks witnessed another downward trend on Monday, extending the losing spell for the four consecutive sessions, as investors went on late hours selling spree, particularly bank and telecom stocks. M...

NBR investment promotion team embraces reps from pvt sector

NBR investment promotion team embraces reps from pvt sector

FE Report 2018-05-07 16:08:21

The National Board of Revenue (NBR) has formed an investment promotion team (IPT) comprising public and private sector representatives to frame investment-friendly tax policies. The 21-member IPT wou...

BD economy to post 7.4pc growth this fiscal: UNESCAP

BD economy to post 7.4pc growth this fiscal: UNESCAP

FE Online Report 2018-05-07 14:45:57

Bangladesh economy is set to post 7.40 per cent growth in the current fiscal year, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). The UN organisati...

NHFIL holds AGM, approves 19pc cash dividend

NHFIL holds AGM, approves 19pc cash dividend

FE Online Desk 2018-05-07 14:22:17

National Housing Finance and Investments Limited (NHFIL) recently organised its 19th Annual General Meeting (AGM) at the Eagle Hall of RAOWA Convention Hall in the capital. The board of directors in...

DSE, CSE open higher amid low trading

DSE, CSE open higher amid low trading

FE Online Report 2018-05-07 11:56:47

Prices of most of the shares on both bourses witnessed upward trend in early hour of trading Monday as investors were showing their buying appetite on sector-wise stocks. Following the previous three...

BB eases sale process for foreigners to attract FDI

BB eases sale process for foreigners to attract FDI

FE Report 2018-05-07 10:03:16

The central bank has simplified and rationalised the sale process of foreigners' equity investment in both public and private entities to attract more foreign direct investment (FDI) in Bangladesh. U...

Country-focused SEZs make little headway

Country-focused SEZs make little headway

Jasim Uddin Haroon and Jubair Hasan 2018-05-07 09:55:58

The government's initiative to develop country-specific special economic zones (SEZs) has so far made little headway, thus impeding efforts to help attract sizeable foreign investments. Though the Ba...

Govt's earning from DSE doubles in April

Govt's earning from DSE doubles in April

Babul Barman 2018-05-07 00:50:47

   The government's revenue earnings from the Dhaka bourse marked a 112 per cent rise month-on-month in April, 2018 with the increased trade volume. Market operators said the government ea...

Listed cement cos see moderate fall in Jan-Mar quarter earnings

Listed cement cos see moderate fall in Jan-Mar quarter earnings

Mohammad Mufazzal 2018-05-06 18:00:12

The earnings of listed cement companies declined moderately for January-March quarter of 2018 as compared to the same period of previous year as profit margins squeezed due to multiple reasons include...

IBN Sina completes sale of IBBL stake

IBN Sina completes sale of IBBL stake

FE Report 2018-05-06 17:56:29

IBN Sina Trust, one of the corporate sponsors of Islami Bank Bangladesh Limited (IBBL), has completed sale of its entire holdings in the company. Earlier on April 26, the trust expressed its intentio...

Experts paint dismal picture of land planning in country

Experts paint dismal picture of land planning in country

FE Report 2018-05-06 17:23:59

Planning experts at a programme on Saturday said Bangladesh could not bring even one per cent area under proper planning. Although it is claimed that 6.0 per cent of the country's land area has been...

Stocks inch down after volatile trading

Stocks inch down after volatile trading

FE Online Report 2018-05-06 16:25:50

Stocks finished slightly lower on Sunday after volatile trading as investors were active both sides of trading fence. Market operators said the market edged down as investors were busy with...

FDI from USA drops sharply

FDI from USA drops sharply

FE Online Report 2018-05-06 13:45:42

Net inflow of Foreign Direct Investment (FDI) from the United States of America (USA) to Bangladesh dropped by 23.50 per cent in 2017. Latest statistics, released by Bangladesh Bank, showed that net...

Most banks offer lower dividends in 2017

Most banks offer lower dividends in 2017

FE Report 2018-05-06 10:14:42

The board of directors of 16 banks, out of 30 listed banks, declared lower dividends for 2017 than that of the previous year as the profit margins declined due to huge provisioning. Only five banks d...

DCCI seeks cut in corporate tax, surcharge on net wealth

DCCI seeks cut in corporate tax, surcharge on net wealth

FE Report 2018-05-06 10:12:01

Dhaka Chamber of Commerce and Industry (DCCI) has urged the government to reduce corporate tax and surcharge on net wealth in the upcoming budget for the fiscal year (FY) 2018-19. It made the call fo...

Non-tax revenue sees negative growth in May-Feb

Non-tax revenue sees negative growth in May-Feb

Doulot Akter Mala 2018-05-06 10:09:54

The non-tax revenue dived even as the cumulative collection of domestic revenue grew 54.55 per cent to Tk 1.26 trillion in the eight months to February, the ministry of finance said. Tax, non-tax and...

Slow land dev delaying economic zones

Slow land dev delaying economic zones

Jasim Uddin Haroon and Jubair Hasan 2018-05-06 09:44:52

Land development and the construction of embankment have emerged as the most challenging task, raising fear about missing deadlines for the country's major economic zones. The problems pushed the bui...

Public subscription of SK Trims to start May 14

Public subscription of SK Trims to start May 14

FE Report 2018-05-05 16:46:43

The public subscription of SK Trims and Industries will start on May 14 and will be continued till May 22. SK Trims, which received BSEC approval in February, is set to collect Tk 300 million through...

BB suggests floating bonds, instead of bank loans

BB suggests floating bonds, instead of bank loans

Syful Islam 2018-05-05 16:08:01

The Bangladesh Bank (BB) has identified three reasons for finding alternative sources of long-term financing instead of the banking system. "Arranging long-term fund through floating corporate bonds,...

FDI from India hits record high

FDI from India hits record high

FE Online Report 2018-05-05 13:33:47

Net inflow of Foreign Direct Investment (FDI) from India to Bangladesh rose by 44.76 per cent in the past year, central bank statistics showed. The Bangladesh Bank data showed that the FDI from the n...

Stocks nosedive as large-cap issues tumble

Stocks nosedive as large-cap issues tumble

FE Online Report 2018-05-05 10:20:17

The benchmark index of the Dhaka bourse fell below 5,700-mark last week that ended Thursday as selling spree gripped the investors. Banking and telecom issues mostly faced the onslaught of selling pr...

Central bank’s combat plan takes shape by August

Central bank’s combat plan takes shape by August

Rezaul Karim 2018-05-05 09:53:36

Bangladesh Bank (BB) expects to unveil a three-year national strategy by August next aiming to take necessary actions against financial crimes, officials said. A draft roadmap for formulating 'nation...

Delay in approval affects third Indian LoC project execution

Delay in approval affects third Indian LoC project execution

FHM Humayan Kabir 2018-05-05 09:49:34

Project implementation under the latest $4.5 billion Indian line of credit (LoC) is getting affected at the beginning stage, as New Delhi is not approving three development projects under the third...

High interest rates hurting the poor: speakers

High interest rates hurting the poor: speakers

-- 2018-05-04 19:21:42

High interest rate is hurting the poor and banking sector is going through turmoil, said speakers at a discussion on Friday.   They also underscored the need for steps to overcome its challenges...

Political stability big challenge to continue growth: ADB 

Political stability big challenge to continue growth: ADB 

-- 2018-05-04 18:29:01

The Asian Development Bank (ADB) has said maintaining political stability in Bangladesh remains a big challenge for the country to continue the current development trend. "It's a big challenge for B...

Climate-smart farming can help tackle food security challenges

Climate-smart farming can help tackle food security challenges

FE Report 2018-05-04 16:44:32

Experts at a programme Thursday stressed the need for following open trade policies and focusing more on climate-smart agriculture to address the food security challenges. They criticised the dual po...