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The Financial Express

Search results for: Bangladesh

How Bangladesh can benefit from IPEF

How Bangladesh can benefit from IPEF

JASIM UDDIN HAROON 2022-05-25 08:49:18

The just-launched US-led economic framework holds much potential for Bangladesh to leverage greater economic assistance and development finance, particularly for infrastructure and regional integratio...

Banks asked not to quote higher than BC selling rate

Banks asked not to quote higher than BC selling rate

SIDDIQUE ISLAM 2022-05-25 08:40:45

The central bank on Tuesday issued a fresh directive for quoting rates to the overseas exchange houses engaged in remitting money, aimed at reining in volatility on the forex market. The authorised...

NBFIs urge BB to revise interest rates upward

NBFIs urge BB to revise interest rates upward

FE REPORT 2022-05-25 08:38:36

Top executives of non-bank financial institutions (NBFIs) urge the central bank to revise up interest rates on both lending and deposits to facilitate the sector's smooth run. At a meeting Tuesday, t...

Capital market revised refinancing scheme: Tk 2.05b sought from Bangladesh Bank

Capital market revised refinancing scheme: Tk 2.05b sought from Bangladesh Bank

FE Report 2022-05-25 08:35:18

The capital market refinancing scheme supervision committee has sought Tk 2.05 billion from the central bank for disbursement among market operators under the revised scheme. The committee has sent a...

LDC graduation preparation: Lifting fiscal protection begins with next budget

LDC graduation preparation: Lifting fiscal protection begins with next budget

Doulot Akter Mala 2022-05-25 08:32:03

Phasing out fiscal protection to local industries begins in the upcoming fiscal year by way of taxing those as Bangladesh prepares for open competition after LDC graduation, sources say. In the openi...

Export of BJMC’s privately produced jute products begins

Export of BJMC’s privately produced jute products begins

-- 2022-05-24 20:38:45

Export activities of privately produced jute products has started today, said Textile and Jute Minister Golam Dastagir Gazi.  "The jute sector has been revived with the resumption of export of j...

Firstlead Securities investors seek money refund

Firstlead Securities investors seek money refund

FE ONLINE REPORT  2022-05-24 17:04:49

Affected investors of Firstlead Securities, which allegedly embezzled Tk 100 million of its clients’ funds, demanded their money back as early as possible.  Mohammad Ayub Khan, one of th...

Stocks fall after single-day break

Stocks fall after single-day break

FE ONLINE REPORT 2022-05-24 16:27:43

Stocks backed to the losing streak on Tuesday, after a single-day break, as cautious investors went on a selling binge on sector-wise issues amid ongoing market volatility. Following the previous day...

Bourses open marginally higher

Bourses open marginally higher

FE ONLINE REPORT 2022-05-24 11:36:58

The market opened marginally higher on Tuesday, as the bargain hunters continued to show their buying interest on sector-wise issues riding on the government moves to stabilise the ailing market. Fol...

Enhancing liquidity flow: BSEC raises EIs' investment limit

Enhancing liquidity flow: BSEC raises EIs' investment limit

FE REPORT 2022-05-24 10:22:43

The securities regulator has taken another initiative to increase liquidity flow in the capital market by enhancing the stipulated investment ceiling, set for availing IPO (initial public offering) qu...

Capital market refinancing scheme: Injection of Tk 3.0b into stocks soon

Capital market refinancing scheme: Injection of Tk 3.0b into stocks soon

MOHAMMAD MUFAZZAL 2022-05-24 08:45:41

Trade operators are set to receive around Tk 3.0 billion in immediate injection from the capital-market refinancing scheme worth 10.09 billion, amid government intervention to stimulate the bourses....

NBR misses revenue collection target in 10 months of FY22

NBR misses revenue collection target in 10 months of FY22

FE ONLINE DESK 2022-05-23 19:40:37

The National Board of Revenue (NBR) has missed the revenue collection target in the first 10 months (July-April) of the current fiscal year (FY22). The National Board of Revenue (NBR) has collected T...

Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI 

Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI 

-- 2022-05-23 19:30:15

The achievement of sustainable development goals by 2030 will be jolted unless a vigorous growth of tourism in the country, said the Federation of Bangladesh Chambers of Commerce and Industry on Monda...

Bangladesh Bank moves to encourage remittance inflow to boost forex 

Bangladesh Bank moves to encourage remittance inflow to boost forex 

-- 2022-05-23 18:26:51

Bangladesh Bank has withdrawn the provision of mandatory submission of documents for getting incentive against inward remittance of USD $5000 or Tk 50,0000 and upward, in a move to encourage greater i...

Stocks rebound strongly owing to govt moves

Stocks rebound strongly owing to govt moves

FE ONLINE REPORT 2022-05-23 15:56:17

The market rebounded strongly on Monday, snapping an eight-day sharp fall, as investors put fresh bets on major sector stocks, riding on the government steps to help revamp the ailing market. The sec...

Taka depreciates further by 40 paisa against US$

Taka depreciates further by 40 paisa against US$

Siddique Islam 2022-05-23 13:15:25

The exchange rate of Bangladesh taka (BDT) has dropped significantly against US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The local currency lost i...

DSEX jumps over 100 points at opening on govt moves

DSEX jumps over 100 points at opening on govt moves

FE ONLINE REPORT 2022-05-23 11:48:29

The market witnessed a steep rise at the opening on Monday, after hitting an 11-month low the previous day, as the government framed rescue packages with fresh financial injections. Following the new...

Money whitening new bait : Bangladeshi passport holders can avail with penal tax

Money whitening new bait : Bangladeshi passport holders can avail with penal tax

Doulot Akter Mala 2022-05-23 08:56:13

The government envisages fresh baits for repatriating siphoned-off money with a budgetary measure allowing Bangladeshi-passport holders to get their 'black money' whitened with penal tax. The new mea...

Boost investment in stock market, Finance Minister directs regulators

Boost investment in stock market, Finance Minister directs regulators

-- 2022-05-22 19:52:01

Finance Minister AHM Mustafa Kamal at a meeting with Bangladesh Bank (BB) Governor Fazle Kabir and other senior officials of the ministry asked them to work on boosting stock market investment. He sa...

BSEC extends margin loan limit to increase liquidity

BSEC extends margin loan limit to increase liquidity

-- 2022-05-22 18:33:09

Bangladesh’s capital market regulator has increased the margin loan limit in an effort to increase liquidity in the market and counteract the recent dip in the stock market. On Sunday, the Bang...

BEA places Tk 20.50 trillion budget proposal for FY23 

BEA places Tk 20.50 trillion budget proposal for FY23 

-- 2022-05-22 17:32:42

The Bangladesh Economic Association (BEA) has placed a Tk 20.50 trillion (20,50,036-crore) budget proposal for the next fiscal year (FY23).  BEA President Dr Abul Barkat placed the proposals at...

Forex reserves improve slightly

Forex reserves improve slightly

FE ONLINE DESK 2022-05-22 16:42:49

Bangladesh’s foreign exchange reserves have improved a little to stand at $42.30 billion, which was at $41.92 billion on May 10. "Recently, the reserve of foreign exchange was a slight dip belo...

DSEX hits 11-month low as sell-off continues

DSEX hits 11-month low as sell-off continues

FE ONLINE REPORT 2022-05-22 15:10:22

Stocks witnessed yet another major setback on Sunday, with the key index of the Dhaka bourse sinking below the 6,200-mark after 11-month, as the jittery investors continued to sell off to exit from th...

Stocks open lower as sell-off continues

Stocks open lower as sell-off continues

FE ONLINE REPORT 2022-05-22 11:41:22

The market opened lower on Sunday as the jittery investors continued to sell-off their holdings amid growing concerns over the economic situation. Following the previous seven days’ major fall,...

Foreign stakes in small-cap listed companies drop

Foreign stakes in small-cap listed companies drop

FE REPORT 2022-05-22 10:22:23

Foreign stakes in many small-cap listed companies declined significantly in last 10 months as the foreigners offloaded their shares held in those companies. The foreign stakes in large-cap companies,...

Govt incorporates less fresh projects in next ADP

Govt incorporates less fresh projects in next ADP

FHM HUMAYAN KABIR 2022-05-22 08:53:47

The government has taken a cautious approach towards development budget spending this time around as it has incorporated less fresh projects in the upcoming Annual Development Programme (ADP) than in...

Stabilising forex market: Dealer banks makes six-point proposals

Stabilising forex market: Dealer banks makes six-point proposals

Siddique Islam 2022-05-22 08:40:49

The apex body of dealer banks has submitted six-point proposals to the central bank for stabilising the ongoing volatility in the country's foreign exchange (forex) market. The Bangladesh Foreign E...

Outward FDI sees big jump in 2021

Outward FDI sees big jump in 2021

FE ONLINE REPORT 2022-05-21 17:12:39

The outflow of foreign direct investment (FDI) from Bangladesh recorded a big jump in the last calendar year of 2021. According to the latest statistics, released by Bangladesh Bank last week, the ne...

BD Paints QIO subscription opens tomorrow

BD Paints QIO subscription opens tomorrow

FE REPORT 2022-05-21 10:07:36

The Qualified investor offer (QIO) of Bangladesh Paints Ltd. shares will open for subscription tomorrow (Sunday), aiming to raise Tk 120 million under fixed-price method. The paint manufacturer's sha...

Weekly market review: Stocks sink deeper as economic jitters grow

Weekly market review: Stocks sink deeper as economic jitters grow

BABUL BARMAN 2022-05-21 10:00:19

Stocks witnessed yet another major setback in the week to Thursday as nervous investors rushed to dump their holdings to avoid further erosion of their portfolios. The week saw four trading days inst...