The Financial Express

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Post office savings tools: No manual deposit in general A/Cs from July

FE Report 2023-02-20 08:27:22

Investors in the government's post office savings certificates will not be able to deposit in general accounts under the manual system from July 1, 2023. However, they will get the deposit yield of...

NPL falls as spl classification comes into play

JASIM UDDIN HAROON AND JUBAIR HASAN 2023-02-20 08:01:40

Non-performing loans (NPL) in Bangladesh's banking sector decreased by 1.20 percentage points to over Tk 1.20 trillion at the end of last December, following a special classification that economists s...

Robi’s net profits increase 2.81pc in 2022

FE ONLINE REPORT 2023-02-19 10:54:16

Robi Axiata, the country’s second largest telecom operator, posted a 2.81 per cent growth in profit year-on-year to Tk 1.83 billion in 2022. Based on the profit, the multinational company decla...

Mid-cap drug makers lose, wiping out much of market value

MOHAMMAD MUFAZZAL 2023-02-19 09:25:37

The pharmaceuticals and chemicals sector lost over 6.5 per cent in market capitalisation to Tk707.6 billion in the three months through February 16 this year, at a time when a good number of stocks on...

Laurels for remittance heroes

FE REPORT 2023-02-19 09:17:42

Bangladesh Consulate General in Dubai has given awards to 52 expatriates and 39 commercially important persons (CIPs) this year for contributing to the country's economy by sending remittance through...

Access to finance still a 'big issue', Principal Secretary tells MCCI meet

FE Report 2023-02-19 09:16:10

Access to finance for the country's businesses was still remaining a "big issue", said Principal Secretary to Prime Minister M. Tofazzel Hossain Miah on Saturday. "We have achieved milestones in acce...

Govt boasts Tk 31.38b Jul-Oct budget surplus

JASIM UDDIN HAROON 2023-02-19 08:55:16

Two unusual financial developments helped the government put aside a budget surplus of Tk 31.38 billion in the first four months of the current fiscal year, which economists, however, believe is trans...

Weekly market review: Stocks flounder on selling spree

FE REPORT 2023-02-18 09:20:25

Stocks extended the losing streak for a third straight week to Thursday as sellers kept their dominance on the trading floor amid lack of clear direction of the market. Some of the recently rallied s...

Confidence Cement's Q2 profit slides 20pc

FE REPORT 2023-02-18 09:17:39

Confidence Cement Limited, a concern of Chattogram-based Confidence Group, on Thursday reported a 20 per cent drop in profit year on year in the second quarter (Q2) of fiscal year 2023. The company a...

FBCCI calls for protecting intellectual property

FE REPORT 2023-02-18 09:05:55

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to protect intellectual property to boost up the country's economic growth and raise revenue collection...

Despite inflation, most food makers earn double-digit profit growth in H1, FY23

BABUL BARMAN 2023-02-17 09:14:44

A majority of listed food makers gained double-digit profit growth year-on-year in the first half of the ongoing financial year even when inflation is sky high and all other indicators portray a tur...

Central bank devising scheme to issue guarantee against big farm credit

JUBAIR HASAN 2023-02-17 08:52:19

Bangladesh Bank (BB) is planning to introduce a credit guarantee scheme (CGS) for small and medium enterprises (SMEs) and agriculture sectors to boost agriculture production through facilitating farme...

Banks, FIs can give loans to CMSMEs from AIIB fund

FE REPORT 2023-02-17 08:36:04

The Bangladesh Bank (BB) on Thursday said the banks and financial institutions (FIs) can now sanction term loans to the cottage, micro, small, and medium enterprises (CMSMEs) from the Asian Infrastruc...

Dollar crisis casts shadow over operation of Rampal power plant

-- 2023-02-16 18:51:23

The 1320 MW Rampal power plant has resumed its partial production, but officials still worry about its uninterrupted operation due to dollar crisis that may again disrupt the import of coal, the plant...

French businessmen to get benefited if they invest in Bangladesh, says Tipu

-- 2023-02-16 18:27:52

Commerce Minister Tipu Munshi has said that French businessmen would be benefited more if they invest in Bangladesh capitalizing on the excellent business-friendly environment in the country. Tipu al...

DSE ponders changing rules to shake up ATB

MOHAMMAD MUFAZZAL 2023-02-16 17:53:55

The Dhaka Stock Exchange has been considering bringing changes in the rules of the Alternative Trading Board (ATB) to boost investor participation and attract more companies to offload shares. Since...

BSEC allows one more open-end MF of Tk 500m

FE REPORT 2023-02-16 10:40:30

The stock market regulator has approved the draft prospectus of an open-end mutual fund named PLI AML 1st Unit Fund -- with an initial target size of Tk 500 million. The approval came on Wednesday at...

Midland Bank’s IPO subscription opens today

FE ONLINE REPORT 2023-02-16 10:22:48

The initial public offering (IPO) subscription of Midland Bank opens today (Thursday) and will continue until February 23, which will raise Tk 700 million under the fixed price method. The fourth-gen...

Korea EPZ problem is a serious one, says JANG Sung Min

FE ONLINE REPORT 2023-02-15 21:26:09

Special Envoy of the President of the Republic of Korea JANG Sung Min has said that problems faced by the Korean company YoungOne for the Korean EPZ in Chittagong are serious and such problems need to...

Japan wants to invest more in Bangladesh, says Kiminori Iwama

-- 2023-02-15 21:03:45

Newly appointed Japanese Ambassador to Bangladesh, Kiminori Iwama, has said that he will encourage Japanese companies to expand their business in Bangladesh to help the country achieve expected econom...

BB to release new Taka 1000 notes from Thursday

-- 2023-02-15 18:19:51

Bangladesh Bank (BB) is going to issue new banknotes of Taka 1,000 denomination signed by its governor, Abdur Rouf Talukder, from Thursday. It will initially be issued from the Motijheel office of th...

Cheaper bank stocks yielded more than others in 2022

MOHAMMAD MUFAZZAL 2023-02-15 09:06:16

In 2022 when the stock market was highly illiquid for the imposition of floor prices, the possibility of capital gains dwindled, often to nil for stretches of time for majority securities. Companies'...

Premier Cement returns to profit in Q2, riding on higher revenue

FE REPORT 2023-02-15 09:05:17

Premier Cement Mills PLC, one of the leading cement makers in Bangladesh, returned to profit in the second quarter of the fiscal year 2022-23 (FY23) after suffering a big loss in the first quarter, ri...

Checking inflation a major challenge for economy now, state minister for planning says

FE REPORT 2023-02-15 09:03:01

Containing inflation and taking it to the previous (tolerable) level as much as possible is a major challenge for the country's economy at present, State Minister for Planning Dr Shamsul Alam said o...

0.1m Bangladeshi workers find jobs overseas in Jan

FE REPORT 2023-02-15 08:59:49

Over 0.1 million Bangladeshi workers found jobs in different destination countries in the first month of the current calendar year (2023). The number is the fourth highest in the past 13 months, show...

Slight rise in interest rate spread in Dec '22

JUBAIR HASAN 2023-02-15 08:39:00

After months of continuous fall, the spread between the banks' lending and deposit rates went up slightly in December last apparently due to unofficially relaxing the rate cap on consumer loans four m...

BBS to calculate inflation on new base year per IMF advice

-- 2023-02-14 19:25:42

Bangladesh Bureau of Statistics (BBS) is making radical changes in the inflation calculation considering the present financial situation and the IMF suggestions. The inflation will be calculated for...

City General Insurance’s profit jumps 34pc in 2022

FE ONLINE REPORT 2023-02-14 12:12:41

City General Insurance has reported higher profit for the year that ended on December 31, 2022, on the back of higher premium earnings. The general insurer reported earnings per share of Tk 2.25 for...

Reliance Insurance bags record profit in 2022 on high premium income

FE REPORT 2023-02-14 08:59:33

Reliance Insurance, one of the leading general insurers in Bangladesh, posted a record profit in 2022, despite it being a challenging year, backed by higher gross premium income. The insurer's profit...

IFIL looks to grow through investments in sustainable, small businesses

ISMAIL HOSSAIN 2023-02-14 08:58:43

Islamic Finance and Investment Limited (IFIL) has been giving priority to cottage, micro, small and medium enterprises (CMSME) in making sustainable and socially responsible investments for its future...