The Financial Express

Search results for: Bangladesh

Govt searching funds for Dhaka-Ctg 8-lane project

MUNIMA SULTANA 2023-02-08 09:08:15

The government is trying to get funds from development partners to upgrade the Dhaka-Chattogram highway into an eight-lane one, including service lanes. The Roads and Highways Department (RHD) has es...

‘Investment must to sustain growth’

FE ONLINE REPORT 2023-02-07 21:00:25

Speakers at a programme on Tuesday stressed the need for more investment in the country to sustain the growth momentum. The Canada Bangladesh Chamber of Commerce and Industry (CBCCI) organised the pr...

JBCCI for EPA between Bangladesh, Japan to boost trade

-- 2023-02-07 19:55:52

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) laid emphasis on Economic Partnership Agreement (EPA) between Japan and Bangladesh to increase trade and investment between the two countries....

NBR collects Tk 400 billion more revenue in FY22

-- 2023-02-07 19:19:06

Finance Minister AHM Mustafa Kamal has said the National Board of Revenue (NBR) has earned Tk 400 billion more in the 2021-22 fiscal year compared to the previous fiscal. “The NBR has earned ov...

53 World Bank-funded projects underway, says Kamal

FE Online Desk 2023-02-07 18:22:04

Finance Minister AHM Mustafa Kamal has said the country is currently implementing some 53 projects involving $15 billion with World Bank finance. The finance minister said this in parliament while re...

Stocks witness upward trend on large-cap vibe

-- 2023-02-07 17:30:46

Stocks witnessed upward trend on Tuesday as major indices of both Dhaka and Chittagong Stock Exchanges were found rising with higher activities of some large-cap securities. The broader DSEX index of...

Scam-hit UFS assets lost Tk 2b, higher than reported

Mohammad Mufazzal 2023-02-07 09:11:18

A recent scrutiny reveals that Universal Financial Solutions' (UFS) top executive siphoned off Tk 2.07 billion from scam-hit four unit funds, higher than the reported Tk 1.58 billion. Ahmed Zaker &am...

Midland Bank's IPO subscription begins Feb 16

FE REPORT 2023-02-07 09:08:46

The initial public offering (IPO) subscription of Midland Bank is set to begin on 16 February, aiming to raise Tk 700 million under the fixed price method. The minimum required investment for the gen...

Money laundering: Minister rebukes actors, calls for urgent actions

FE REPORT 2023-02-07 09:06:44

A cabinet minister of the government came down heavily on Monday on the relentless act of money laundering and called for strict actions to prevent it for the sake of the country's economy. "A larg...

Mudarabah comes to feed cash-strapped Islamic banks

FE REPORT 2023-02-07 09:05:13

A new financial instrument styled Mudarabah Liquidity Support (MLS) comes for feeding the cash-strapped Islamic banking system, in the wake of reports of recent hefty withdrawals. Bangladesh Bank (BB...

Revenue needs to increase by Tk 2.34t in three FYs

FE REPORT 2023-02-07 08:57:09

Increasing revenue collection by Tk2.34 trillion in next three fiscals is necessary to raise Bangladesh's tax-GDP ratio to 9.5 per cent as prescribed in the International Monetary Fund (IMF) loan pack...

Inflation rate maintains declining trend for fifth consecutive month

-- 2023-02-06 21:21:13

The inflation rate eased further as it fell to 8.57 per cent in January down from 8.71 per cent last December, according to the monthly consumer price (CPI) index of the Bangladesh Bureau of Statistic...

Call for separate tax administration, policy-making institution

-- 2023-02-06 19:44:37

Experts, at a seminar 'Income Tax', have observed that tax administration and policy-making institutions should be separated to strengthen the country's tax management system. At the seminar on Monda...

BB relaxes rule for storing CMSMEs’ audited financial report

-- 2023-02-06 19:20:23

Bangladesh Bank (BB) has revised the directive to maintain the audited financial reports of loan renewals and file of new loans in accordance with the rules in order to bring order and transparency in...

Stocks perform mixed as major indices finish flat

-- 2023-02-06 18:14:18

Stocks performed mixed with major indices finishing flat on Monday. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day 5.81 points down at 6,280.72. The blue-chip DS30 and Shariah DS...

United Power’s net profits drops 29pc in Q2

FE ONLINE REPORT 2023-02-06 12:27:35

United Power Generation and Distribution Company Limited (UPGDCL) has reported a 29 per cent fall in its net profit year-on-year in the second quarter (Q2) ended December 2022 due to not receiving any...

Here's why steel makers are unable to benefit from global price fall

BABUL BARMAN 2023-02-06 09:51:23

Steel manufacturers could not reap any benefit when the prices of raw materials cooled off in the global market in recent months. They could not open letters of credit to buy less expensive materials...

Regulator approves revised rights proceeds utilisation by Alif Manufacturing

FE Report 2023-02-06 09:47:40

The securities regulator has consented to the revised plan to utilize right issue proceeds by Alif Manufacturing Company. The Bangladesh Securities and Exchange Commission (BSEC) gave the approval re...

Experts focus on cutting inequality, raising literacy

FE Report 2023-02-06 09:44:20

Reducing inequality and enhancing literacy are essential to help people get the benefits of digital economy, said speakers at a programme on Sunday. Time-befitting changes in education system and bet...

External agents now dictating relative autonomy of the state

FE Report 2023-02-06 09:07:41

External agents like World Bank and International Monetary Fund (IMF) are now dictating the relative autonomy of the state as the government has failed to ensure the same, said Distinguished Fellow of...

Half of GDP remains exempt from VAT

FE REPORT 2023-02-06 09:01:38

Around half of Bangladesh's gross domestic product (GDP) remains out value-added tax (VAT) purview in the form of exemption, an analysis show, narrowing scope of revenue receipt. In a keynote present...

Mattress money swells in July-December period

JASIM UDDIN HAROON 2023-02-06 08:40:01

A big chunk of money has been tucked under mattresses or hoarded in private strongroom recently as many believe scam 'rumours', besides bites of inflation, are driving away depositors from the banking...

Malaysia wants to recruit security guards from Bangladesh

-- 2023-02-05 20:51:17

Malaysian Home Affairs Minister Saifuddin Nasution Ismail has expressed his keenness in recruiting security guards from Bangladesh. He came up with the interest when he held a meeting with Bangladesh...

GDP growth rate 7.10pc, per capita income $2,793 in FY22

-- 2023-02-05 20:23:16

The gross domestic product (GDP) growth rate in the country in the last fiscal year (FY22) reached a healthy 7.10 per cent braving the shocks from the Covid-19 pandemic and the Russia-Ukraine conflict...

Take prompt actions to face fast-changing labour markets, Economists tell SANEM conference

FE Report 2023-02-05 09:16:41

Despite Bangladesh's informal sector creating a significant portion of the employment, a very limited effort has been made to ensure the workers' health and safety. Besides, a lack of proper implemen...

8 debentures listed on DSE matured at least one and a half decades ago

Mohammad Mufazzal 2023-02-05 09:06:20

If someone visits the website of the Dhaka Stock Exchange (DSE) from home and abroad, they will find that the number of listed securities is 657 including eight debentures. The debt instruments were...

‘Dhaka needs to join’ bilateral, regional pacts, South-South cooperation

FE REPORT 2023-02-05 08:38:49

Bangladesh should emphasize joining in bilateral and regional agreements and South-South cooperation amid ongoing realignments of the old global trade regime in the context of Russia-Ukraine war, two...

‘Reforms suggested by IMF as part of loan programme are rational’

-- 2023-02-04 20:53:36

State Minister for Planning Shamsul Alam thinks the IMF loans will positively impact Bangladesh’s economy. He also believes the reforms suggested by the IMF as part of the loan programme are &l...

Weekly market review: Stocks flat as investors digest earnings

FE REPORT 2023-02-04 10:11:27

Stocks ended nearly flat in the week to Thursday after a three-week rally as investors tried to rebalance their portfolios taking cues from the latest quarterly earnings reports. Investors mostly opt...

Genex Infosys tops turnover chart for fourth week

FE REPORT 2023-02-04 10:03:46

The ten most-traded stocks accounted for 48 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list for the fourth straight wee...