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Search results for: Bangladesh

Kamal places budget of Tk 6.78 trillion for FY23

Kamal places budget of Tk 6.78 trillion for FY23

FE ONLINE DESK 2022-06-09 15:11:39

Finance Minister AHM Mustafa Kamal has unveiled the upcoming 2022-23 fiscal year's proposed national budget with a record outlay of Tk 6.78 trillion in the national parliament. He presented the budge...

Cabinet approves national budget for FY23

Cabinet approves national budget for FY23

-- 2022-06-09 15:01:53

The Cabinet at a special meeting on Thursday approved the proposed national budget for the fiscal year 2022-23. Prime Minister Sheikh Hasina presided over the meeting held at the cabinet room of the...

Stocks open higher on budgetary hopes

Stocks open higher on budgetary hopes

FE ONLINE REPORT   2022-06-09 11:49:47

The stock market opened higher on Thursday as investors kept their buying interest on sector-wise issues just ahead of unveiling the national budget. Finance Minister AHM Mustafa Kamal will unveil th...

Tax receipts from DSE drop 19pc in May

Tax receipts from DSE drop 19pc in May

BABUL BARMAN 2022-06-09 10:37:34

The government revenue earnings from the Dhaka Stock Exchange (DSE) dropped by 19 per cent month-on-month in May on the back of falling turnover value. The government collected revenue worth Tk 176 m...

'Impose more taxes on luxury items to save forex reserves'

'Impose more taxes on luxury items to save forex reserves'

FE REPORT 2022-06-09 10:33:45

Bangladesh needs to be careful about imports and should impose more taxes on luxury items to save foreign-exchange reserves in the country, said former Bangladesh Bank governor Dr Atiur Rahman. Speak...

Ceiling of mandatory investments in listed securities raised

Ceiling of mandatory investments in listed securities raised

FE REPORT 2022-06-09 10:28:49

Navana Pharmaceuticals will raise Tk 750 million from the capital market under book building method. The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday decided to approve the compa...

Taka gains against dollar after serial depreciation

Taka gains against dollar after serial depreciation

SIDDIQUE ISLAM 2022-06-09 08:50:32

A turnaround comes as the Bangladesh taka gained 50 paisa in its value against the US dollar Wednesday after a depreciation dive for four consecutive workdays. The US currency was quoted at Tk 91.50...

Taxation recast can ‘cut income inequality’

Taxation recast can ‘cut income inequality’

DOULOT AKTER MALA 2022-06-09 08:46:17

Income inequality in Bangladesh goes gaping to worst level after the pandemic as government's direct-tax measure proves futile in addressing the disparity, experts say. Despite Bangladesh having amon...

Budget for FY '23 today: Protecting poor, reviving growth top targets

Budget for FY '23 today: Protecting poor, reviving growth top targets

JASIM UDDIN HAROON 2022-06-09 08:43:35

Helping out marginalised people from price surges and economic-growth rebound top targets in a Tk 6.78-trillion new budget the government unfurls today (Thursday) at a worldwide crunch time. Agricult...

Bangladesh starts collecting extra $1.5b as budgetary support, says PM

Bangladesh starts collecting extra $1.5b as budgetary support, says PM

-- 2022-06-08 19:13:41

The government has started a process to collect an additional $1.5 billion as budgetary support to tackle future emergencies and economic crises due to the Russia-Ukraine war and the Covid-19 pandemic...

Kamal likely to place Tk 6.78 trillion budget for FY23 Thursday

Kamal likely to place Tk 6.78 trillion budget for FY23 Thursday

-- 2022-06-08 15:53:28

Finance Minister AHM Mustafa Kamal is likely to place a Tk 6.78 trillion budget for the next fiscal year (FY23) at Jatiya Sangsad (JS) on Thursday (tomorrow) with the major challenge of reining inflat...

Are the Bangladeshi batters ready for a carnage?

Are the Bangladeshi batters ready for a carnage?

Shajedul Rahin 2022-06-08 15:48:49

It has been a poor run in Tests for Bangladesh since their first victory in 2022 against New Zealand at Mount Maunganui. Although a failure in Test cricket implies being inferior to the opposition in...

Finland keen to support Bangladesh’s sustainable development

Finland keen to support Bangladesh’s sustainable development

-- 2022-06-08 15:27:57

Finland is keen to cooperate with Bangladesh in the field of sustainable and renewable energy, said Finnish non-resident ambassador to Bangladesh Ritva Koukku-Ronde on Wednesday. The envoy, who resid...

Bourses open marginally higher

Bourses open marginally higher

FE ONLINE REPORT 2022-06-08 11:25:55

The market opened marginally higher on Wednesday as the bargain hunters showed some buying interest in sector-wise lucrative stocks. Following the previous day’s modest correction, DSEX, the...

'Controlling inflation important during post-Covid recovery'

'Controlling inflation important during post-Covid recovery'

FE REPORT 2022-06-08 11:11:20

The Brac University Economics Club (BUEC) organised a technical workshop on national budget featuring Dr Zahid Hussain, the former Lead Economist at the World Bank, recently to give an overview of fis...

Meghna Insurance makes debut today

Meghna Insurance makes debut today

FE REPORT 2022-06-08 11:05:06

Meghna Insurance Company makes its debut trading today (Wednesday) under the 'N' category, a disclosure said. The Bangladesh Securities and Exchange Commission (BSEC) approved the company's IPO (init...

Defaulted loans: NBFIs asked not to write off until settlement

Defaulted loans: NBFIs asked not to write off until settlement

FE REPORT 2022-06-08 08:56:56

The central bank asks non-banking financial institutions (NBFIs) not to write off the defaulted loans swindled by scammers until the settlement of legal disputes, officials say. All the NBFIs have be...

Consumption squeezes under price pressures

Consumption squeezes under price pressures

DOULOT AKTER MALA 2022-06-08 08:43:15

Consumption pattern of middle-to lower-income groups has changed significantly under the squeezing impacts of constant economic challenges that force them to trim basic living costs, analysts say. Th...

Challenges lie in cutting inflation-fuelled woes

Challenges lie in cutting inflation-fuelled woes

FE REPORT 2022-06-08 08:33:35

An estimated Tk 6.78 trillion worth of expansionary budget is coming tomorrow (Thursday) with government sights set on higher targets, amid soaring prices and inflationary pressures on the economy....

Taka depreciates further by 5.0 paisa against USD

Taka depreciates further by 5.0 paisa against USD

FE ONLINE REPORT 2022-06-07 19:00:02

The local currency depreciated further on Tuesday against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. Bangladesh Taka (BDT) lost its value by...

Finance minister set to unveil Tk 6.80t national budget for FY23 on Thursday

Finance minister set to unveil Tk 6.80t national budget for FY23 on Thursday

-- 2022-06-07 16:47:37

Finance Minister AHM Mustafa Kamal is set to place the national budget of Tk 6.80 trillion at the Jatiya Sangsad for 2022-2023 fiscal year (FY23) on Thursday. The size of the budget will be about 15...

SANEM’s Selim Raihan wants govt to rethink mega projects

SANEM’s Selim Raihan wants govt to rethink mega projects

-- 2022-06-07 12:08:13

Dr Selim Raihan, the executive director of the South Asian Network on Economic Modeling, or SANEM, an economic think tank, has sought clear guidelines from the national budget to recover from the ongo...

Transfer undistributed dividends to CMSF account by June 10, BSEC asks issuers

Transfer undistributed dividends to CMSF account by June 10, BSEC asks issuers

FE REPORT 2022-06-07 09:56:51

The securities regular has asked issuer companies to transfer undistributed dividends into the account of Capital Market Stabilisation Fund (CMSF) within June 10. The Bangladesh Securities and Exch...

Move to reduce trading cycle for A, B-category

Move to reduce trading cycle for A, B-category

FE REPORT 2022-06-07 09:54:25

The securities regulator has moved to reduce the bourses' trading cycle to T+1 from T+2 for 'A' and 'B' category issues to pave the way of offloading such securities after a day of purchasing the se...

Cut out-of-pocket health cost, speakers tell pre-budget dialogue

Cut out-of-pocket health cost, speakers tell pre-budget dialogue

FE REPORT 2022-06-07 09:30:16

Health sector allocations in the national budget must aim to reduce the share of out-of-pocket expenditure in the total health expenditure, said speakers at a pre-budget dialogue on Monday. Highlight...

One USD now costs Tk 91.95

One USD now costs Tk 91.95

FE ONLINE REPORT 2022-06-06 20:07:54

The local currency depreciated further significantly on Monday against the US dollar (USD) mainly due to higher demand for the greenback for settling import-payment obligations. Bangladesh Taka (BDT)...

'Out-of-pocket health expenditure must be reduced'

'Out-of-pocket health expenditure must be reduced'

FE ONLINE DESK 2022-06-06 17:48:49

Speakers at a pre-budget dialogue organised by Bangladesh Health Watch and Unnayan Shamannay have said health sector allocations in the national budget must aim to reduce the share of out-of-pocket ex...

BDT weakens further against USD

BDT weakens further against USD

FE ONLINE REPORT 2022-06-06 17:46:26

The exchange rate of the Bangladesh Taka (BDT) has again depreciated, by Tk 1.60, against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The loca...

Economist Zahid Hussain suggests a shift from conventional deficit budget

Economist Zahid Hussain suggests a shift from conventional deficit budget

-- 2022-06-06 11:08:37

Economist Dr Zahid Hussain has suggested the government design an employment-friendly budget by keeping inflation in check and ensuring food security amid increasing import spending triggered by a ris...

Major sectors contribute to continuous market upturn

Major sectors contribute to continuous market upturn

FE REPORT 2022-06-06 10:12:22

Dhaka bourse closed the week's first session with a moderate rise in broad index following investors' increased participation in transactions. Major sectors of listed securities on Sunday played a ma...