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Search results for: Bangladesh

Germany to provide €33m to Bangladesh

Germany to provide €33m to Bangladesh

-- 2022-12-08 18:19:40

The governments of Bangladesh and Germany have signed two agreements under which the European country would provide 33 million Euros to Bangladesh as grants in renewable energy and climate change adap...

Bangladesh mandates ADB to advise on $400m expressway connecting 10 economic zones

Bangladesh mandates ADB to advise on $400m expressway connecting 10 economic zones

-- 2022-12-08 16:58:59

The Asian Development Bank’s Office of Public–Private Partnership (OPPP) has been mandated to provide transaction advice on Joydebpur-Mymensingh Road PPP project to be built along one of t...

Miraz is ready to be the next Shakib of Bangladesh cricket

Miraz is ready to be the next Shakib of Bangladesh cricket

Aniruddha Bhowmik 2022-12-08 14:45:36

The poster boy of Bangladesh cricket, Shakib Al Hasan's career, is drawing to its twilight. Bangladeshi cricket fans have long waited to find someone who would fill in the boots of Shakib, who has bee...

BSEC urges insurers to come up with fresh investments

BSEC urges insurers to come up with fresh investments

FE REPORT 2022-12-08 11:08:47

The securities regulator has urged the insurers to come up with fresh investments, in order to strengthen the liquidity flow in the ailing stock market. Bangladesh Securities and Exchange Commission...

ADN gets extended time, permission from shareholders to use IPO fund

ADN gets extended time, permission from shareholders to use IPO fund

FE REPORT 2022-12-08 10:17:58

ADN Telecom received approval from shareholders to utilize the unused IPO funds by the end of next year. The shareholders of the company in its 19th annual general meeting held Wednesday approved rea...

Launch of REIT: Fraudulent asset valuation makes regulator jittery

Launch of REIT: Fraudulent asset valuation makes regulator jittery

Mohammad Mufazzal 2022-12-08 10:13:52

Asset valuation has become an issue of anxiety for the securities regulator in the run up to the launching of the Real Estate Investment Trust (REIT). Ensuring that investors get good returns or divi...

BB sets up Tk 50b refinance scheme

BB sets up Tk 50b refinance scheme

FE REPORT 2022-12-08 08:09:35

Bangladesh Bank (BB) on Wednesday announced a new refinancing scheme worth Tk50 billion to promote green industry in the export and productive sectors. Under the scheme, the green entrepreneurs will...

Bangladesh eyes $10b exports in leather goods in 2030

Bangladesh eyes $10b exports in leather goods in 2030

-- 2022-12-07 20:37:06

Commerce Minister Tipu Munshi has said the government eyes US$10 billion in exports of leather and leather goods in 2030. "Bangladesh's potential export product is leather. There is a lot of scope fo...

Planning minister hopeful of achieving cent percent ADP implementation rate

Planning minister hopeful of achieving cent percent ADP implementation rate

-- 2022-12-07 19:50:19

Planning Minister MA Mannan has expressed his optimism about achieving cent per cent implementation rate in the Annual Development Programme (ADP) of the current fiscal year (FY23) despite the impacts...

BB disburses Tk 40b as liquidity support to five Islami banks 

BB disburses Tk 40b as liquidity support to five Islami banks 

-- 2022-12-07 18:27:36

Bangladesh Bank has disbursed Tk 40.0 billion as liquidity support to five Islami banks to meet the ongoing liquidity crisis, sources in the central bank said.  Five Islami banks had earlier app...

Bangladesh Bank tightens rules for banks' car purchase

Bangladesh Bank tightens rules for banks' car purchase

-- 2022-12-07 17:48:25

Bangladesh Bank (BB) has tightened the rules for banks' car purchases for avoiding high-value expenses and purchases of luxurious cars with a view to cutting operating expenses.  "Banks would be...

DSE edge up, CSE down after volatile trading

DSE edge up, CSE down after volatile trading

FE ONLINE REPORT 2022-12-07 16:10:22

Stocks closed mixed trend on Wednesday after choppy trading as investors were reluctant to put fresh bets on stocks amid persisting economic headwinds and the floor price restriction. DSEX, the bench...

Bangladesh seeks zero tariff on apparel exports to US at 6th TICFA meeting

Bangladesh seeks zero tariff on apparel exports to US at 6th TICFA meeting

FE ONLINE DESK 2022-12-07 13:00:08

Bangladesh has proposed zero tariff on finished apparel products — made with American cotton — being exported to the US. Bangladesh made the proposal at the 6th meeting of the US-Banglade...

Genex Infosys to triple its revenue in 5 years, bolstered by recent deals

Genex Infosys to triple its revenue in 5 years, bolstered by recent deals

BABUL BARMAN 2022-12-07 09:05:34

Genex Infosys forecasts its IT business to triple in the next five years on the back of three deals signed in recent times. The 10-year deal to help the National Board of Revenue boost its VAT collec...

Khan Brothers fails to show possession of land, auditor says

Khan Brothers fails to show possession of land, auditor says

FE Report 2022-12-07 09:02:54

The auditors of the Khan Brothers PP Woven Bag Industries (KBPPWBI) failed to confirm its possession of a piece of land worth Tk 140.88 million. The auditors, who visited the company, said in their q...

Monetary policy twice a year, says BB governor 

Monetary policy twice a year, says BB governor 

-- 2022-12-06 21:05:09

Bangladesh Bank (BB) has again decided to formulate monetary policy twice a year as per the advice of the International Monetary Fund (IMF).  The central bank in a meeting with economists on Mon...

Bangladesh signs $200m loan deal with ADB to strengthen microfinance

Bangladesh signs $200m loan deal with ADB to strengthen microfinance

-- 2022-12-06 17:00:53

The government of Bangladesh and the Asian Development Bank (ADB) on Tuesday signed an agreement for $200 million in loans to strengthen microfinance in Bangladesh. The deal would also support microe...

Bangladesh now a most ideal place for investment: PM

Bangladesh now a most ideal place for investment: PM

FE ONLINE DESK 2022-12-06 12:35:30

Prime Minister Sheikh Hasina today (Dec 6, 2022) called Bangladesh as the most ideal place for investment in the world, seeking larger foreign and local investment for mutual benefit. "Bangladesh...

PM opens operation of Japanese Economic Zone

PM opens operation of Japanese Economic Zone

FE ONLINE DESK 2022-12-06 12:33:35

Prime Minister Sheikh Hasina today (Dec 6, 2022) inaugurated the operation of the Japanese Economic Zone in Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj district on th...

Regulator defends floor price as a tool to protect retail investors

Regulator defends floor price as a tool to protect retail investors

FE REPORT 2022-12-06 09:02:00

The securities regulator has continued to keep the price movement restriction in place, even though it restrains the market operation, because of the dominant presence of individual investors. More t...

Envoy Textiles finalises €10.80m loan deal with ADB

Envoy Textiles finalises €10.80m loan deal with ADB

FE REPORT 2022-12-06 09:01:01

Envoy Textiles, a leading denim manufacturer and exporter, has finalised the deal with the ADB to get € 10.80 million in loan for purchasing machinery for its second spinning unit. The board has...

Introduction of commodity exchange to eliminate under, over-invoicing: BSEC Chairman

Introduction of commodity exchange to eliminate under, over-invoicing: BSEC Chairman

-- 2022-12-05 18:17:23

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam has said the scope for under-invoicing and over-invoicing can be eliminated by introducing the commodity exch...

Inflation falls to 8.85pc in November

Inflation falls to 8.85pc in November

-- 2022-12-05 16:20:28

Inflation declined to 8.85 per cent in November from 8.91 per cent in the previous month as food prices eased. That means the Consumer Price Index fell for the third straight month. Food inflation fe...

Investors stay away from stocks, dismayed by low profit from higher investment

Investors stay away from stocks, dismayed by low profit from higher investment

BABUL BARMAN 2022-12-05 09:00:25

An exodus of investors from the capital market reduced the number of beneficiary owner's (BO) accounts by 11.06 per cent, or 0.23 million, to 1.85 million in the six months through November 30. They...

PM to open special economic zone in N'gnaj tomorrow

PM to open special economic zone in N'gnaj tomorrow

FE Report 2022-12-05 08:56:47

Prime Minister Sheikh Hasina is scheduled to inaugurate Bangladesh Special Economic Zone (BSEZ) tomorrow (Tuesday). The BSEZ, when fully operational, is expected to draw investment worth $1.5 billi...

BB mulls injecting more funds into farming sector

BB mulls injecting more funds into farming sector

JASIM UDDIN HAROON AND JUBAIR HASAN 2022-12-05 08:52:56

Bangladesh Bank (BB) is planning to inject more funds into the farming sector through banking channels from the next calendar year for strengthening the country's food security amid warnings of a poss...

Govt posts July budget surplus

Govt posts July budget surplus

JASIM UDDIN HAROON 2022-12-05 08:51:08

Bangladesh reports a budget surplus in the month starting the current fiscal year, finance ministry shows in revenue-collection and spending data, which relieves feelings on bigger annual shortfall....

Bangladesh's RMG export to US rises 51pc

Bangladesh's RMG export to US rises 51pc

-- 2022-12-04 20:33:44

The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year....

Chinese Company to invest $40m in BEPZA Economic Zone 

Chinese Company to invest $40m in BEPZA Economic Zone 

-- 2022-12-04 17:25:48

Chinese company Fenix Garment Limited will set up a high-end garments manufacturing industry in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone (EZ) with an investment of around...

Stocks open mixed amid thin participation

Stocks open mixed amid thin participation

FE ONLINE DESK 2022-12-04 11:51:43

Stocks opened mixed trend on Sunday with thin participation of investors as majority shares remained stuck at floor due to lack of potential buyers. Following the previous day’s rise, DSEX, the...