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Search results for: Bangladesh

Shinepukur Ceramics' price soaring sans PSI

Shinepukur Ceramics' price soaring sans PSI

FE REPORT 2022-06-28 10:36:03

Shinepukur Ceramics is witnessing an unprecedented price hike and increase in turnover in the recent weeks despite no undisclosed price sensitive information (PSI). The ceramic maker's share turnover...

Monetary policy to battle inflation

Monetary policy to battle inflation

SIDDIQUE ISLAM 2022-06-28 08:12:51

Checking the wayward inflation without hampering the economic growth is the cornerstone in a new monetary policy the central bank is set to roll out, officials say. Outgoing Governor of the Banglades...

Country turns again to IMF after a decade

Country turns again to IMF after a decade

FHM HUMAYAN KABIR 2022-06-28 08:09:55

After the lapse of a decade, Bangladesh is likely to borrow funds from the International Monetary Fund (IMF) to narrow its budget deficit, seen as a bit high in current context. Ministry of Finance...

Milk production loan scheme extended to December 2024

Milk production loan scheme extended to December 2024

-- 2022-06-27 22:41:34

Bangladesh Bank (BB) has extended the loan repayment time to December 2024 for the milk production loans scheme. As a result, the farmers, who borrowed for cows and calves’ farms at a 4 per cen...

Stocks close green amid cautious trading

Stocks close green amid cautious trading

FE ONLINE REPORT 2022-06-27 15:47:25

The stock market ended marginally higher on Monday, after a single-day break, as the bargain hunters went on late hours’ buying binge on sector-wise stocks. The market index moved between pos...

Padma Bridge rakes in nearly Tk 21m in tolls on opening day

Padma Bridge rakes in nearly Tk 21m in tolls on opening day

-- 2022-06-27 12:39:42

Authorities have collected nearly Tk 21 million in tolls as over 51,000 vehicles crossed the Padma Multipurpose Bridge on its first day of operation, bdnews24.com reports. After the bridge opened to...

Stocks open mixed amid choppy trading as most investors remain shaky

Stocks open mixed amid choppy trading as most investors remain shaky

FE ONLINE REPORT   2022-06-27 11:49:27

Stocks witnessed a mixed trend in early trading on Monday as most investors remained shaky amid lack of clear market direction. Following the previous day’s correction, DSEX, the prime index of...

Country's first ETFs: UK-based Dawn Global Management to provide technical support

Country's first ETFs: UK-based Dawn Global Management to provide technical support

FE REPORT 2022-06-27 10:18:10

UK-based Dawn Global Management Ltd has expressed its interest to provide necessary technical support and training in knowledge transfer for launching the country's first exchange-traded funds (ETFs)....

New monetary policy to seek balance between credit flow and inflation

New monetary policy to seek balance between credit flow and inflation

FE ONLINE DESK 2022-06-27 09:37:40

Amid an eight-year high CPI in May and record devaluation of the currency, both policy hawks and doves at the Bangladesh Bank have their sight on the four key challenges in the upcoming fiscal year- a...

Bangladesh Bank injects $7.34b into forex market in 11 months

Bangladesh Bank injects $7.34b into forex market in 11 months

SIDDIQUE ISLAM 2022-06-27 08:11:46

The central bank has pumped over US$7.0 billion into the country's overheated foreign-exchange (forex) market in around 11 months to defend exchange rate of the local currency against the greenback....

Capacity payment goes up to Tk 265.05b in FY22: CPD

Capacity payment goes up to Tk 265.05b in FY22: CPD

-- 2022-06-26 18:58:08

The Centre for Policy Dialogue (CPD) on Sunday said that the capacity payment to private sector power plants, including rental and quick rental plants, has gone up to Tk 265.05 billion in FY22 from Tk...

Banks selling dollar at highest-ever Tk 99

Banks selling dollar at highest-ever Tk 99

-- 2022-06-26 18:55:52

Banks are selling US dollars for import payment at Tk 98 to 99, which is the highest exchange rate of dollars ever in the banking channel. Though the Bangladesh Bank (BB) is selling US dollars at Tk...

DSE daily turnover hits one-month low

DSE daily turnover hits one-month low

FE ONLINE REPORT 2022-06-26 16:38:07

The stock market slipped into the red on Sunday, with turnover hitting a one-month low, as most investors were reluctant to put fresh funds in stocks amid persistent macroeconomic worries. Market a...

Hasina seeks more investment from Kuwait

Hasina seeks more investment from Kuwait

-- 2022-06-26 12:40:54

Prime Minister Sheikh Hasina on Sunday urged the Kuwait government to invest in Special Economic Zones of Bangladesh. She also urged the Middle Eastern country for recruiting more skilled and semi-sk...

Both bourses witness downturn at opening

Both bourses witness downturn at opening

FE ONLINE REPORT 2022-06-26 11:41:10

Stocks opened marginally lower on Sunday as the cautious investors selling shares amid persistent macroeconomic worries. Following the previous week’s correction, DSEX, the prime index of the D...

SME stocks keep rising amid bearish market

SME stocks keep rising amid bearish market

BABUL BARMAN 2022-06-26 10:18:24

Stock prices of Small Capital Platform are soaring in recent times amid an influx of investors despite the main trading board is incurring losses. Market insiders said participation of investors is r...

Padma Bridge will add Tk 423.62 billion to GDP in a year: BBS

Padma Bridge will add Tk 423.62 billion to GDP in a year: BBS

-- 2022-06-25 21:58:01

Newly-inaugurated Padma Bridge will add Tk 423.62 billion to the gross domestic product (GDP) in one year, according to the Bangladesh Bureau of Statistics (BBS). The estimated amount is equal to1.2...

Weekly market review Economic worries weigh on investor sentiment

Weekly market review Economic worries weigh on investor sentiment

BABUL BARMAN 2022-06-25 10:00:51

Stocks extended the losing streak for a second straight week to Thursday as cautious investors continued dumping their holdings amid persistent macroeconomic worries. The week saw five trading days a...

Nutrition interventions sought for boosting overall economy

Nutrition interventions sought for boosting overall economy

-- 2022-06-24 19:21:04

Nutrition interventions play a crucial role in empowering women, ensuring dietary diversity, building a climate-resilient food system, and boosting the overall economy, said experts at a seminar in th...

Overusing Shoriful and Taskin: BCB cannot make the same mistake again

Overusing Shoriful and Taskin: BCB cannot make the same mistake again

Ahnaf Wazed Khan 2022-06-24 15:18:04

Shoriful Islam has been called up for the 2nd Test against Windies. Everything indicates that he is going to be in the XI for this game. The way the pitch behaved in the first game and the assumption...

Malek Spinning to issue Tk 2.90b zero-coupon bond

Malek Spinning to issue Tk 2.90b zero-coupon bond

FE REPORT 2022-06-24 10:20:53

Malek Spinning Mills, a listed company, has planned to raise Tk 2.90 billion through a zero-coupon bond to finance its business expansion and reduce existing debts. The bond issue is subject to app...

'Tame inflation, cut trade deficit'

'Tame inflation, cut trade deficit'

FE REPORT 2022-06-24 09:03:33

Leading economist Dr Ahsan H Mansur has suggested focusing more on taming inflation, reducing trade deficit by adopting contractionary import policy, instead of chasing ambitious GDP-growth target i...

MCCI proposes budget revisions, tax-ceiling raise

MCCI proposes budget revisions, tax-ceiling raise

FE REPORT 2022-06-24 08:46:52

A premier trade chamber Thursday urged the government to amend some provisions in the new budget, including raising the tax-free income limit because of high inflation. The Metropolitan Chamber of...

Bangladesh bags record foreign aid in outgoing FY

Bangladesh bags record foreign aid in outgoing FY

FHM HUMAYAN KABIR 2022-06-24 08:39:14

Bangladesh received a record amount of US$8.42 billion in foreign aid in 11 months of the current fiscal year, 47-percent higher over the previous corresponding period, despite global currency crunc...

Padma-Plus plan mooted to maximise bridge benefit

Padma-Plus plan mooted to maximise bridge benefit

FE REPORT 2022-06-24 08:25:36

Economists and experts suggest that the government should formulate an integrated Padma-Plus plan to maximise multiple benefits of the Padma Multipurpose Bridge (PMB), set for opening tomorrow. At a...

Bangladesh's top-order batting collapse in Test cricket: A numerical look

Bangladesh's top-order batting collapse in Test cricket: A numerical look

Ahnaf Wazed Khan 2022-06-23 18:28:36

Top-order batting collapse is a serious headache for Bangladesh now. This problem is taking them out of the game before it properly starts. Despite all the efforts later, this deficit cannot be cove...

Bangladesh receives record $8.41b foreign loans in 11 months of FY22

Bangladesh receives record $8.41b foreign loans in 11 months of FY22

-- 2022-06-23 18:04:53

Bangladesh received a record US$8.41 billion in foreign loans in 11 months of the current FY22, the Economic Relations Division said on Thursday. At the current exchange rate, the amount is equivalen...

EU to help Bangladesh in improving capacity, safety at Ctg port

EU to help Bangladesh in improving capacity, safety at Ctg port

-- 2022-06-23 18:01:41

Bangladesh and the European Union (EU) have agreed to accelerate the removal of idle containers from the Chittagong Port premises in order to increase cargo-handling capacities and improve health and...

FY23 Budget: Call to reconsider tax withdrawal from plastic bags, impose higher tax

FY23 Budget: Call to reconsider tax withdrawal from plastic bags, impose higher tax

FE ONLINE REPORT 2022-06-23 17:42:44

Environment rights organisations on Thursday urged the government to reconsider the proposed tax withdrawal on all types of polythene bags and impose a higher tax on single-use plastic products. The...

Stocks edge up for second day

Stocks edge up for second day

FE ONLINE REPORT 2022-06-23 16:18:35

Stocks ended marginally higher for the second straight session on Thursday as late hours selling pressure wiped out most of the early gains. The market started on an upbeat note and the key index soa...