The Financial Express

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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...

IMF sets floor for net forex reserve at $24.4b for June

SYFUL ISLAM 2023-02-04 08:52:19

Bangladesh will have to maintain net international reserves of at least US$24.46 billion in June this year in line with the International Monetary Fund (IMF)'s BPM6 definition. The IMF set this floor...

Trading of Dhaka Bank Perpetual Bonds begins Sunday

FE REPORT 2023-02-03 09:05:06

Trading of Dhaka Bank Perpetual Bonds will commence on the stock exchanges on February 5 under the settlement category 'N' as an eighth listed perpetual bonds. The Dhaka Stock Exchange trading code f...

Aftab Automobiles evades loss as revenue jumps 131pc

FE Report 2023-02-03 09:00:35

Aftab Automobiles narrowly escaped loss in October-December of the FY23 only by raising revenue at nearly 131 per cent year-on-year. Its earnings per share (EPS) rose to Tk 0.01 for the second quar...

Bangladesh receives $476.2m in first tranche of IMF loan

-- 2023-02-02 20:31:05

The International Monetary Fund has released the first tranche of $476.2 million of the $4.7 billion loans it approved for Bangladesh. Bangladesh Bank spokesperson Mezbaul Haque said the funds were t...

Provisioning rules eased for broker, merchant banks

-- 2023-02-02 18:50:33

Bangladesh Bank (BB) has halved banks' general provisioning requirement to 1.0 per cent against their loans for brokerage firms, stock dealers, and merchant banks. "It has been decided that banks wil...

Bangladesh’s exports rise 5.89pc in January

-- 2023-02-02 17:39:49

Bangladesh managed to bring in more than 5.0 billion US dollars in export receipts for a third consecutive month in January, beating the expectations of businesses. Exports increased 5.89 per cent...

DSE turnover crosses Tk 2b-mark after first hour of trading

FE ONLINE REPORT 2023-02-02 11:49:48

Stocks opened marginally higher on Thursday as investors showed their buying interest in sector-specific issues whose financial performance was not affected by recent macroeconomic challenges. Turnov...

IFAD Autos' profit plunges on lower demand for imported vehicles

FE Report 2023-02-02 10:11:52

IFAD Autos saw a steep 75.9 per cent year-on-year fall in profit for the second quarter of the FY23, hit hard by revenue fall coupled with escalating foreign exchange loss. With the first quarter inc...

Renata's profit dips to 10-quarter low on stronger dollar

BABUL BARMAN 2023-02-02 09:41:44

Renata Limited's profit dropped below Tk 1 billion in October-December 2022 for the first time in 10 quarters due to a spike in the prices of raw materials driven by the dollar crisis. One of the lea...

Al-Madina Pharma to raise Tk 50m through QIO

FE Report 2023-02-02 09:38:45

Al-Madina Pharmaceuticals will raise a capital worth Tk 50 million through Qualified Investor Offer (QIO). The company will utilise the fund for expanding business and repaying loans along with cater...

Current-account deficit narrows

JASIM UDDIN HAROON 2023-02-02 08:49:07

Crunch-induced import restrictions come to the rescue as Bangladesh's current-account deficit (CAD) decreased over 36 per cent in six months to December from corresponding period a year before. Ban...