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Search results for: Bangladesh

Stock market gained over Tk 101.85b capital last week

Stock market gained over Tk 101.85b capital last week

-- 2023-01-28 17:47:21

The stock market has passed the fourth week of the current month (January) with a capital gain of Tk 101.85 billion in four days, according to the capital market’s data analysis on Saturday. Th...

Stocks stage cautious rally in earnings season

Stocks stage cautious rally in earnings season

FE REPORT 2023-01-28 06:50:56

The benchmark equity index notched a third week of gains on Thursday, as cautious investors hunt for sector-specific shares that are expected to be somewhat protected from earnings volatility amid mac...

Titas profit soars 29pc on non-operating income

Titas profit soars 29pc on non-operating income

FE REPORT 2023-01-27 09:14:14

Titas Gas Transmission & Distribution Company's profit jumped around 29 per cent year-on-year for Q2 of the FY23 ended in December last year, driven mainly by interest income and gas price hike....

Walton comes out of the red in Q2

Walton comes out of the red in Q2

FE REPORT 2023-01-27 09:08:31

Walton Hi-Tech Industries secured a profit of Tk 604.58 million in the second quarter of the FY23, a significant improvement from the loss incurred in the previous quarter. However, year-on-year prof...

Shipping ministry to implement 35 projects involving Tk 70.75b

Shipping ministry to implement 35 projects involving Tk 70.75b

FE REPORT 2023-01-27 09:05:02

The Ministry of Shipping will implement 35 projects during the ongoing fiscal year of 2022-23 (FY 23) involving a cost of over Tk 70.75 billion. Of the total projects, 31 are under annual development...

Call money rate rises to 7pc amid liquidity shortage

Call money rate rises to 7pc amid liquidity shortage

FE REPORT 2023-01-27 08:54:06

The inter-bank call money rate soared to its highest cap at 7.0 per cent -- a rise by nearly 200 per cent in a year since January 2022 -- on Wednesday amid a liquidity crisis on the financial market....

Hard access to finance, policy puzzle listed among barriers

Hard access to finance, policy puzzle listed among barriers

FE REPORT 2023-01-27 08:33:57

Difficulty in getting access to finance and land, policy unpredictability and taxes emerge as most business-hurting areas in Bangladesh, chambers and investors said Thursday while unveiling an index...

Borrowing at 9pc could be troubling for private banks, economists say

Borrowing at 9pc could be troubling for private banks, economists say

-- 2023-01-26 16:11:26

Some private sector banks are in deep crisis because of a lack of adequate liquidity and are being forced to borrow money from state-owned Sonali Bank at a 9.0 per cent interest rate to stay afloat.&n...

Singer’s revenue rises but profit plunges in 2022

Singer’s revenue rises but profit plunges in 2022

FE REPORT 2023-01-26 09:15:22

Singer Bangladesh reported a turnover of Tk 17.10 billion for the year ended in December 2022, growing at an 8.10 per cent from the previous year. The profit, however, fell around 86 per cent durin...

Berger's Q3 profit hit by currency shock

Berger's Q3 profit hit by currency shock

FE ONLINE DESK 2023-01-26 09:05:45

Berger Paints reported a 15.9 per cent year-on-year fall in profit in the third quarter of the FY23 ended in December despite a 4.29 per cent revenue growth during the time. It saw its profit slide a...

BD-Korea bilateral trade reaches record high

BD-Korea bilateral trade reaches record high

FE ONLINE REPORT 2023-01-25 22:57:16

The bilateral trade volume between Korea and Bangladesh has reached another record high in 2022 exceeding 3.0 billion US dollars. According to the statistics of the Korea International Trade Associat...

FBCCI urges Japanese investors to set up automobile industries in Bangladesh

FBCCI urges Japanese investors to set up automobile industries in Bangladesh

-- 2023-01-25 21:14:20

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged Japanese investors to set up automobile industries in Bangladesh. FBCCI could work closely with Japanese entrepreneurs...

Three more firms get land in economic zone

Three more firms get land in economic zone

-- 2023-01-25 19:03:50

Bangladesh Economic Zones Authority (BEZA) has signed land lease agreements with three organisations. The organisations are: Bangladesh Industrial Technical Assistance Centre (BITAC), Swan Internatio...

Marico's Oct-Dec profit growth outstrips two previous quarters

Marico's Oct-Dec profit growth outstrips two previous quarters

FE REPORT 2023-01-25 08:59:09

Marico Bangladesh reported a 13.1 per cent profit growth year-on-year to Tk 861.51 million in Oct-Dec last year. As a result, the earnings per share rose to Tk 30.93 for the third quarter of the FY23...

Simtex's profit falls marginally as import cost spikes

Simtex's profit falls marginally as import cost spikes

FE REPORT 2023-01-25 08:56:35

Simtex Industries saw a moderate decline in earnings per share (EPS) in October-December 2022, compared to the same quarter of the previous year mainly due to increased import costs. It has reported...

Parliament passes Universal Pension Management Bill, 2023

Parliament passes Universal Pension Management Bill, 2023

-- 2023-01-24 19:26:33

The Universal Pension Management Bill, 2023 was passed in the parliament with the aim to bring the country’s growing elderly population under a universal pension scheme. Finance Minister AHM Mu...

WB reiterates strong support for Bangladesh   

WB reiterates strong support for Bangladesh  

-- 2023-01-24 18:40:06

World Bank (WB) Managing Director for Operations Axel van Trotsenburg on Tuesday reaffirmed the World Bank's strong support for Bangladesh to help achieve its vision of upper-middle income status by 2...

As stabilisation fund rolls out, investors reap benefits

As stabilisation fund rolls out, investors reap benefits

Mohammad Mufazzal 2023-01-24 08:57:44

Saif Imam Zamir in September last year received Tk 0.142 million in cash dividend after he had claimed returns yet to be paid by a company where his mother invested 29 years ago. As many as 283 mor...

Peninsula Chittagong's EPS plunges 76pc

Peninsula Chittagong's EPS plunges 76pc

FE REPORT 2023-01-24 08:55:20

Peninsula Chittagong incurred a loss of 29.73 million in July-December (H1) of the fiscal 2023 against a profit of Tk 75.79 million in the same period of the previous year. It reported a profit of Tk...

Give soft loans to CMSMEs to uplift economy, FBCCI urges govt

Give soft loans to CMSMEs to uplift economy, FBCCI urges govt

FE REPORT 2023-01-24 08:47:50

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government on Monday to provide soft loans to cottage, micro, small and medium enterprises (CMSMEs) for betterment of...

Bangladesh loses billions to transfer pricing tricks

Bangladesh loses billions to transfer pricing tricks

DOULOT AKTER MALA 2023-01-24 08:42:36

Bangladesh could tap huge legitimate revenues lost to transfer mispricing by building capacity of taxmen to prevent such intra-company trade tricks also deemed linked to capital flight, according to...

Export Development Fund reduced by $1.0b

Export Development Fund reduced by $1.0b

-- 2023-01-23 22:34:56

The Export Development Fund, formed to help exporters with foreign currency on relaxed conditions, has dropped by $1.0 billion to $6.0 billion, a development that may ease pressure on forex reserves....

Pharma Aids reports first loss since 2018

Pharma Aids reports first loss since 2018

FE REPORT 2023-01-23 09:48:46

Pharma Aids incurred a loss of Tk 2.36 million for the second quarter of the FY23 in its first time since 2018 mainly due to a sharp rise in expenses. The ampoule producer has reported that sales fel...

Appellate Division approves Kay & Que-MultiSourcing merger

Appellate Division approves Kay & Que-MultiSourcing merger

FE REPORT 2023-01-23 09:47:55

Listed Kay & Que (Bangladesh) now has no bar to execute its plan of merger with IT company MultiSourcing Limited after receiving the go-ahead from the Appellate Division. The High Court earlier i...

WB lists dos for Bangladesh's uplift

WB lists dos for Bangladesh's uplift

FE REPORT 2023-01-23 08:50:28

Bangladesh needs higher and sustainable levels of infrastructure investment, digitization, human capital particularly in education, health and social protection to reach the next high of development a...

World Bank a key partner of Bangladesh’s economic growth: Finance minister

World Bank a key partner of Bangladesh’s economic growth: Finance minister

-- 2023-01-22 21:34:10

Finance Minister AHM Mustafa Kamal on Sunday praised the World Bank for its continued support towards Bangladesh’s development. He said Bangladesh's growth has increased by 74 times since 1972,...

Regulator finds 68 brokers guilty of siphoning money

Regulator finds 68 brokers guilty of siphoning money

Mohammad Mufazzal 2023-01-22 09:11:34

On a fine Monday morning in June 2020, investors discovered that the owner of Crest Securities Md Shahid Ullah absconded with Tk 420 million from the funds of its clients, having shut the brokerage fi...

Take multidimensional measurement approach to assess real poverty line, say economists

Take multidimensional measurement approach to assess real poverty line, say economists

FE Report 2023-01-22 08:52:34

Speakers at a discussion on Saturday emphasised on taking a multidimensional poverty measurement approach instead of income-based poverty measures to assess the real poverty line of Bangladesh. Alt...

Finance minister urges World Bank to extend more support in mega projects

Finance minister urges World Bank to extend more support in mega projects

-- 2023-01-21 21:07:43

Finance Minister AHM Mustafa Kamal has urged the World Bank to extend more support in mega projects of Bangladesh and also to make capital Dhaka more liveable to make memorable the 50-year partnership...

Ten most-traded firms grab 35pc of turnover

Ten most-traded firms grab 35pc of turnover

FE REPORT 2023-01-21 10:04:42

Ten most-traded companies accounted for 35 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Genex Infosys dominating the turnover list. Buoyed by the IT firm's...