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The Financial Express

Search results for: Bangladesh

BB sets cost limit for short-term trade finance in forex

BB sets cost limit for short-term trade finance in forex

-- 2022-08-16 19:59:16

Bangladesh Bank (BB) has set the all-in-cost ceiling for short-term trade finance in foreign exchange. A BB circular stated that all-in-cost will include the entire cost of a financial transaction, b...

Foreign ministry starts searching cheaper sources of oil

Foreign ministry starts searching cheaper sources of oil

FE ONLINE REPORT 2022-08-16 19:43:56

In line with the instruction of Prime Minister Sheikh Hasina, Bangladesh's foreign ministry has started looking for cheaper oil sources. The foreign ministry also keep Russia in mind as an alternate...

The Sabbir Rahman saga that makes no sense

The Sabbir Rahman saga that makes no sense

Ahnaf Wazed Khan 2022-08-16 18:58:25

Sabbir Rahman is back in the colours of the Bangladesh National team after 3 years. This time there’s actually a lot of hope, optimism and expectations because of his profile in T20Is along with...

177,681 BO accounts closed in one month

177,681 BO accounts closed in one month

FE REPORT 2022-08-16 10:23:22

The number of active BO (beneficiary owner's) accounts has declined 8.82 per cent in the past one month mainly because of non-payment of account maintenance fees. A total of 177,681 active BO account...

Seven sub-committees formed to address challenges of LDC graduation

Seven sub-committees formed to address challenges of LDC graduation

FE ONLINE DESK 2022-08-16 10:13:56

Some seven sub-committees are preparing draft strategies with a time-bound action plan to meet the challenges of LDC graduation. According to an official document,Bangladesh will be facing some chall...

NAVs of listed MFs decline as stock prices dip

NAVs of listed MFs decline as stock prices dip

FE REPORT 2022-08-16 10:11:30

The listed mutual funds (MFs) saw a decline in their net asset values (NAVs) as the stocks lost their value following price corrections in all four trading days of the last week. The fund managers ar...

Ashuganj port rail-link project: BIWTA to use govt fund instead of Indian LoC

Ashuganj port rail-link project: BIWTA to use govt fund instead of Indian LoC

FHM HUMAYAN KABIR 2022-08-16 08:50:42

The Bangladesh Inland Water Transport Authority (BIWTA) has denied Indian line of credit (LoC) for installing a railway connection with the Ashuganj river port, insiders said on Monday. Instead, the...

Banks’ provisioning shortfall narrows

Banks’ provisioning shortfall narrows

FE REPORT 2022-08-15 08:57:04

Overall loan-provisioning shortfall in Bangladesh's banking sector narrows a bit to Tk 132.19 billion, as of last June, and experts suggest quicker improvements as inadequate security is deemed risky....

BD economy under pressure

BD economy under pressure

FE REPORT 2022-08-15 08:51:17

Bangladesh's steadily-growing economy is under pressure for disruption to global supply chain for external disturbance, experts alert and say food security facing 'threat' amid high inflation. Rising...

Fuel price hike: 'I might start begging in the street'

Fuel price hike: 'I might start begging in the street'

-- 2022-08-14 21:59:28

Bangladesh, one of the world's fastest-growing economies, has raised fuel prices by more than 50 per cent in just a week. It blames rising oil prices in the wake of the war in Ukraine. A 35-year-old...

Central bank revises cluster credit guidelines to boost small enterprises

Central bank revises cluster credit guidelines to boost small enterprises

-- 2022-08-14 21:14:57

Bangladesh Bank (BB) has revised guidelines easing its policy and definition of cluster financing to grow specialised products in a specific area in the country. SME & Special Programmes Departme...

91pc SMEs don't get bank loans

91pc SMEs don't get bank loans

-- 2022-08-14 19:52:31

The commercial banks are reluctant to provide loans to small and medium enterprises (SMEs) although the sector is the backbone of the country's economy, the experts said Sunday. "Commercial banks pro...

BB caps difference between dollar buying and selling rates at Tk 1

BB caps difference between dollar buying and selling rates at Tk 1

-- 2022-08-14 19:01:38

The gap between the buying and selling rates of the dollar against the Bangladesh currency will be a maximum of Tk 1.0, according to the central bank. Bangladesh Bank took the decision in a meeting w...

Bangladesh economy no longer dependent on foreign aid: Shirin

Bangladesh economy no longer dependent on foreign aid: Shirin

-- 2022-08-14 13:00:18

Speaker Dr Shirin Sharmin Chaudhury today (August 14, 2022) said Bangladesh economy is no longer dependent on foreign aid as she held a meeting with UNDP Assistant Secretary General Kanni Wignaraja at...

Losing to Zimbabwe is a reality check, but who cares?

Losing to Zimbabwe is a reality check, but who cares?

Neel Rahman 2022-08-14 12:47:30

Bangladesh were not supposed to lose even a single One-Day International to Zimbabwe in their tour. They didn't even have any nightmares about it. But they did. They didn’t just lose one, they...

BD an important country for dev financing: AFD

BD an important country for dev financing: AFD

FE Report 2022-08-14 08:48:08

The Agence Francaise de Developpement (AFD), the French government's funding agency, considers Bangladesh as an important country in South Asia for development funding since 22 projects with portfolio...

BB mulling fresh rules to manage forex volatility

BB mulling fresh rules to manage forex volatility

Siddique Islam 2022-08-14 08:34:23

The central bank is trying to set fresh rules on managing the volatility in foreign-exchange (forex) market and curb the falling trend of forex reserves. As part of the latest move, the Bangladesh Ba...

Many projects shelved or part-funded

Many projects shelved or part-funded

FHM HUMAYAN KABIR 2022-08-14 08:31:19

More than half of the ongoing development projects face implementation setback as the government has restricted funding to mitigate macroeconomic worries, insiders say, as a global financial crunch...

Credit card spending soars with increasing living costs

Credit card spending soars with increasing living costs

-- 2022-08-13 17:46:09

Credit card debt has surged as consumers struggle to keep up with the high cost of living amid rising inflation. As the prices of all kinds of products including essentials are on the rise in the mar...

BFIU sought illegal money information from Swiss banks repeatedly: BB

BFIU sought illegal money information from Swiss banks repeatedly: BB

-- 2022-08-13 16:49:02

Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from different countries including Switzerland about money laundered by Bangladeshis, said Bangladesh Bank (BB). In respons...

CSE awards 20 stock brokers

CSE awards 20 stock brokers

FE REPORT 2022-08-13 09:47:16

Chittagong Stock Exchange (CSE) has awarded 20 best performing stock brokers and dealers based on their turnovers in fiscal year 2021-22. The winners were selected in two categories -- dealer categor...

Weekly market review: Stocks retreat as investors weigh fuel oil price surge

Weekly market review: Stocks retreat as investors weigh fuel oil price surge

FE REPORT 2022-08-13 09:44:21

Stocks retreated this week to Thursday from the previous week's big gain as investors went defensive following the fuel oil price surge amid growing economic pressures. This week saw four trading day...

They suffer to make hilsa available on your plates

They suffer to make hilsa available on your plates

YASIR WARDAD 2022-08-13 08:45:08

The real income of the coastal fishermen have gradually been declining, forcing them to live in hunger and debt only to make Hilsa available on the plate of the Bangladeshi households. The marginal c...

'Fiscal situation worsens amid poor revenue, high public borrowings'

'Fiscal situation worsens amid poor revenue, high public borrowings'

FE REPORT 2022-08-12 11:16:39

Economist Dr Debapriya Bhattacharya on Thursday said the country's fiscal situation worsened especially over the past two months due to poor revenue growth and high public borrowings. Terming the fis...

'Floor price' to remain in place until further order: BSEC

'Floor price' to remain in place until further order: BSEC

FE REPORT 2022-08-12 09:29:27

The securities regulator says the 'floor price' imposed recently will remain effective until further order. The Bangladesh Securities and Exchange Commission (BSEC) made the announcement on its offic...

Default debts in Bangladesh’s banks balloon to Tk 1.25t

Default debts in Bangladesh’s banks balloon to Tk 1.25t

-- 2022-08-11 22:01:53

Amid criticism of the Bangladesh Bank for relaxing rules for repayment and rescheduling, the authorities have reported a Tk 118.16 billion rise in the size of defaulted loans in the last quarter of 20...

Comment on China loan: Finance minister sends rejoinder to FT

Comment on China loan: Finance minister sends rejoinder to FT

FE Online Report 2022-08-11 19:15:17

Finance Minister AHM Mustafa Kamal sent a rejoinder to the London-based daily the Financial Times on Thursday in connection with an interview published by the newspaper recently, ministry officials sa...

Why Afif should bat up the order

Why Afif should bat up the order

Neel Rahman 2022-08-11 15:44:28

Afif Hossain, since his debut in One-Day Internationals, has been depicted by the Bangladesh team management as a solution for number seven and thus has been denied to bat higher up the order. That i...

Walton EPS declines 26pc

Walton EPS declines 26pc

FE REPORT 2022-08-11 10:10:25

Walton Hi-Tech Industries PLC, a listed company, saw a 26 per cent decline in EPS (earnings per share) for the year ended on June 30, 2022, compared to the previous year. The company has also reporte...

Finance minister says govt evaluating impact of fuel price hike

Finance minister says govt evaluating impact of fuel price hike

-- 2022-08-10 21:46:23

The government is evaluating the impact of the fuel price hike on the livelihoods of common people, according to Finance Minister AHM Mustafa Kamal.  “Necessary steps will be taken in cons...