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The Financial Express

Search results for: bangladesh

Harnessing man-made fibre potential vital for Bangladesh economy

Harnessing man-made fibre potential vital for Bangladesh economy

MIR MOSTAFIZUR RAHAMAN 2021-09-18 08:34:50

As Bangladesh struggles to keep its position as the second-largest apparel exporter of the world, the country is desperately in need of policy support to make a solid foothold on potential man-made fi...

OTC market of bourses: Existing issues to leave after one month

OTC market of bourses: Existing issues to leave after one month

FE REPORT 2021-09-17 11:30:08

All the existing companies will not be allowed to operate in the OTC (over-the-counter) markets of the country's two bourses after one month. Some of the companies will be shifted to the exchanges' S...

CSE gets approval for 23 TRECs

CSE gets approval for 23 TRECs

FE REPORT 2021-09-17 10:08:20

The securities regulator has approved 23 proposals of new TRECs (Trading Right Entitlement Certificate) to be issued by Chittagong Stock Exchange (CSE). To this effect, the Bangladesh Securities and...

Money for poor pours into wrong pockets, says WB

Money for poor pours into wrong pockets, says WB

FE REPORT 2021-09-17 09:45:33

Some 49-66 per cent of Bangladesh's social-safety-net-allowance-and food-support beneficiaries are not poor, says the World Bank, indicating porous delivery system for the state annuity. It is one of...

Facebook, Google, Amazon pay Tk 45.99m VAT in August

Facebook, Google, Amazon pay Tk 45.99m VAT in August

-- 2021-09-16 16:55:17

Popular social media Facebook, e-commerce giant Amazon, and American multinational technology company Google have deposited Tk 4,60,73,460 as VAT to the state coffer. These three giants paid the amou...

Reallocation of transfer to the poorest can bring down Bangladesh’s poverty to 12pc: WB report

Reallocation of transfer to the poorest can bring down Bangladesh’s poverty to 12pc: WB report

FE ONLINE DESK 2021-09-16 13:16:52

Social Protection Programmes remain central to Bangladesh’s sustainable development policy and are progressively benefitting the poorer households, says the World Bank. It adds that by improvin...

BSEC says it would go tough against rumour mongers

BSEC says it would go tough against rumour mongers

FE Report 2021-09-16 10:27:51

The securities regulator has strengthened its efforts to contain rumours which are spread through social media to influence market prices of listed securities. The Bangladesh Securities and Exchange...

Non-banking financial institutions can reschedule loan or lease only thrice: BB notification

Non-banking financial institutions can reschedule loan or lease only thrice: BB notification

SIDDIQUE ISLAM 2021-09-16 08:27:50

The central bank now tightens noose around loose-run lending operations by non-banking financial institutions (NBFIs) limiting their loan or lease rescheduling to only thrice. Officials of the Bangla...

Walton to offload more shares

Walton to offload more shares

-- 2021-09-15 21:28:30

Walton Hi-Tech Industries Limited will offload another 4.03 per cent of its shares for public sale over three years.Bangladesh Securities and Exchange Commission ordered Walton and two other compani...

Bangladesh’s per capita foreign debt now Tk 24,890

Bangladesh’s per capita foreign debt now Tk 24,890

-- 2021-09-15 14:43:08

Finance Minister AHM Mustafa Kamal on Wednesday said the per capita foreign debt of Bangladesh citizens is now Tk 24,890. The minister revealed this information in parliament while replying to a tabl...

Four companies bleed after BSEC's probe order

Four companies bleed after BSEC's probe order

FE Report 2021-09-15 09:56:49

Shares of four listed companies which recently saw abnormal price hike lost prices ranging between 4.68 per cent and 9.70 per cent on Tuesday. One of those companies became the worst loser a day afte...

Beximco completes acquisition of Sanofi stake

Beximco completes acquisition of Sanofi stake

FE REPORT 2021-09-15 08:42:57

Beximco has completed a share-purchase agreement with Sanofi Bangladesh to acquire its majority stake. As per the agreement, the company will purchase 54.60 per cent of shares of Sanofi. The agreeme...

BB governor deplores lax governance in financial sector

BB governor deplores lax governance in financial sector

FE REPORT 2021-09-15 08:21:32

Bangladesh Bank (BB) governor Fazle Kabir on Tuesday termed the state of governance in the financial sector lax and underscored its improvement for the sake of sound economic health of the country. H...

Standoff between central bank, stock market regulator gets a new twist

Standoff between central bank, stock market regulator gets a new twist

FE REPORT 2021-09-15 08:14:33

Only a day after the central bank opposed the use of undisbursed dividend of banks and non-banking financial institutions by the capital market Stabilisation Fund (CMSF) in stock trading, Finance Mi...

BB to launch Tk 30b agriculture loan refinance scheme

BB to launch Tk 30b agriculture loan refinance scheme

-- 2021-09-14 20:56:46

Bangladesh Bank (BB) has decided to set up a Tk 30 billion refinance scheme for the agriculture sector to deal with the financial crisis caused by Covid-19 pandemic. "The Tk 30 billion fund, named "A...

Bangladesh seeks DFQF in GCC market

Bangladesh seeks DFQF in GCC market

FE ONLINE REPORT 2021-09-14 18:39:08

Bangladesh requested Oman to pursue the Gulf Cooperation Council (GCC) for DFQF market access for Bangladeshi products, foreign ministry said on Tuesday. The GCC is a coalition of six gulf countries...

Share prices of three large cap companies drop

Share prices of three large cap companies drop

FE REPORT 2021-09-14 09:17:53

Share prices of three large-cap companies on Monday declined significantly a day after the securities regulator asked them to increase free float shares up to 10 per cent of their paid-up capitals....

Dhaka urges London to amend 'goods graduation' provision

Dhaka urges London to amend 'goods graduation' provision

REZAUL KARIM 2021-09-14 08:48:27

Facing LDC graduation drawbacks for the current crisis, Bangladesh urges the UK to simplify its Generalised System of Preferences (GSP) system through amending its 'goods graduation' provision. The g...

Extended warehouse facility for exporters

Extended warehouse facility for exporters

DOULOT AKTER MALA 2021-09-14 08:36:41

The National Board of Revenue (NBR) has amended the relevant rules granting the exporters an extended time to avail bonded warehouse facility, as imported raw materials get stuck following external ma...

Bangladesh Bank blocks use of banks' unclaimed dividend

Bangladesh Bank blocks use of banks' unclaimed dividend

SIDDIQUE ISLAM 2021-09-14 08:26:46

The central bank has ruled out the use of unclaimed or undisbursed dividends of banks and non-banking financial institutions by the Capital Market Stabilisation Fund (CMSF). Bangladesh Bank officia...

Experts focus on redefining SMEs

Experts focus on redefining SMEs

FE REPORT 2021-09-13 08:52:23

Experts at a virtual dialogue on Sunday emphasised the need for redefining SMEs and startups in the proposed National Industrial Policy to ensure adequate financing - to have a vibrant private sector...

Public hearing on LPG pricing today

Public hearing on LPG pricing today

FE REPORT 2021-09-13 08:35:07

The public hearing to review the pricing formula to fix the retail price of LPG (liquefied petroleum gas) will be held today (Monday). It will continue on Tuesday too if the hearing is not finished...

Quick capital gains lure investors but operators, regulator unconcerned over market bull run

Quick capital gains lure investors but operators, regulator unconcerned over market bull run

MOHAMMAD MUFAZZAL AND BABUL BARMAN 2021-09-13 08:32:34

Capital gains largely lure investors into staking big bets on stocks which spur steady rally of the bourses as returns on bank deposits and other investment tools shrink, according to market analysts....

10 companies grab 21.28pc of weekly turnover at DSE

10 companies grab 21.28pc of weekly turnover at DSE

FE REPORT 2021-09-12 10:19:31

Top 10 companies saw rise in investors' participation in last week compared to previous week on Dhaka Stock Exchange (DSE). In last week, top 10 companies grabbed 21.28 per cent of weekly turnover...

BSEC chief confident of durability of stock market buoyancy

BSEC chief confident of durability of stock market buoyancy

-- 2021-09-12 10:13:06

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam expressed his firm optimism about the durability of the current capital market buoyancy, saying that no...

Bangladesh saw record budget deficit of Tk 1.87tn last fiscal year

Bangladesh saw record budget deficit of Tk 1.87tn last fiscal year

JASIM UDDIN HAROON 2021-09-12 10:09:43

Bangladesh's budget deficit amounted to a record Tk 1.87 trillion in the past financial year as stimulus packages and emergency health payouts bloated public spending against revenue shrinkage for p...

Bangladesh acquires 1.0pc stake of New Development Bank

Bangladesh acquires 1.0pc stake of New Development Bank

FHM HUMAYAN KABIR 2021-09-12 10:03:27

Bangladesh finally attains 1.0- per cent share in the Shanghai-based New Development Bank (NDB) as the country has been offered one of three fortunate shareholders after the five founding BRICS nati...

Economy faces challenges of revenue shortfall and defaulting bank loans: Document

Economy faces challenges of revenue shortfall and defaulting bank loans: Document

-- 2021-09-11 17:38:18

Revenue deficit defaulting bank loans and worsening poverty situation due to COVID-19 are causing some problems in the country’s economy. According to a budgetary document, revenue deficit and...

DSE market cap adds Tk 226b in a week

DSE market cap adds Tk 226b in a week

BABUL BARMAN 2021-09-11 09:16:31

The stock market witnessed yet another bullish week with market-cap of Dhaka Stock Exchange (DSE) climbing to a historical high, thanks to increased investor participation. The market capitalisatio...

Reduction in service charge for microfinance institutions uncertain

Reduction in service charge for microfinance institutions uncertain

ISMAIL HOSSAIN 2021-09-11 09:07:52

A government move to cut service charge for microcredit operations remains stuck in limbo, especially for non-cooperation from the sector. Seven months ago, the regulator initiated to slash the cur...