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The Financial Express

Search results for: Bangladesh

Private sector commercially use national grid for power transmission on cards  

Private sector commercially use national grid for power transmission on cards  

-- 2022-05-17 22:53:10

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that the government will allow the private sector to commercially use the national grid for power transmission. "A draft p...

Bangabandhu satellite fetched Tk 3.0b in revenue over three years: BSCL

Bangabandhu satellite fetched Tk 3.0b in revenue over three years: BSCL

-- 2022-05-17 18:34:27

It was not up to expectations, but the Bangladesh Satellite Company Limited (BSCL) says the Bangabandhu satellite has generated Tk 3.0 billion in revenue over three years. The company released a stat...

NEC approves Tk 2.46 trillion ADP for FY23

NEC approves Tk 2.46 trillion ADP for FY23

-- 2022-05-17 16:29:11

The National Economic Council (NEC) on Tuesday approved a Tk 2.46 trillion Annual Development Programme (ADP) for the next fiscal year (FY23). The transport and communication sector has got the highe...

24 years of the historic 'Mohammad Rafique Show'

24 years of the historic 'Mohammad Rafique Show'

Shajedul Rahin 2022-05-17 16:25:13

The year 1998. Winning an ODI against any team was a hard row to hoe for Bangladesh. For 12 long years, Bangladesh had never won a single ODI match, having played 23 in that time period, until May 17,...

Stocks keep bleeding for five days

Stocks keep bleeding for five days

FE ONLINE REPORT 2022-05-17 15:23:07

Stocks extended the losing streak for the fifth straight sessions on Tuesday as the jittery investors continued to sell their holdings to avoid further erosion of their portfolios. Following the pr...

Stocks see downward trend at opening

Stocks see downward trend at opening

FE ONLINE REPORT 2022-05-17 11:42:11

The market opened marginally lower at opening on Tuesday, maintaining the previous day’s downturn, as the nervous investors kept selling binge amid concerns over the country’s macroeconomi...

A US dollar now costs Tk 97!

A US dollar now costs Tk 97!

FE ONLINE DESK 2022-05-17 11:13:16

The Bangladesh Bank has devalued the taka against the US dollar for the third time in two months to stabilise the currency market. The US dollar exchange rate for interbank transactions was revised t...

Govt set to approve Tk 2.46 trillion ADP for FY '23 today

Govt set to approve Tk 2.46 trillion ADP for FY '23 today

FHM HUMAYAN KABIR 2022-05-17 08:44:57

The government is set to approve a Tk 2.46 trillion annual development programme (ADP) for the next fiscal year (FY) 2022-23 today (Tuesday), aiming to facilitate quick recovery of the economy, offici...

Selloffs sink Bangladesh stocks

Selloffs sink Bangladesh stocks

FE REPORT 2022-05-17 08:27:50

Bangladesh stocks suffered a major setback Monday as jittery investors dumped their holdings to avert further losses out of worry over the country's macroeconomic matters, including devaluation of the...

Belgian team meets BEPZA EC, discuss investment potential

Belgian team meets BEPZA EC, discuss investment potential

-- 2022-05-16 17:22:16

A two-member delegation from Flanders Investment and Trade (Belgium), led by its Trade and Investment Commissioner Babette Desfossez, has made a courtesy call on Executive Chairman of BEPZA Major Gene...

Stocks tumble on panic sales

Stocks tumble on panic sales

FE ONLINE REPORT 2022-05-16 15:19:41

Stocks suffered a big loss on Monday as jitter investors went on a heavy sell-off on large-cap shares amid concerns over the country’s macroeconomic situation. The market witnessed a steep fall...

Taka depreciates by 80 paisa against US$

Taka depreciates by 80 paisa against US$

SIDDIQUE ISLAM 2022-05-16 12:21:58

The exchange rate of Bangladesh taka (BDT) has dropped significantly against the US dollar (US$) mainly due to higher demand for the greenback for settling import-payment obligations. The local...

Stocks plunge at opening on economic worries

Stocks plunge at opening on economic worries

FE ONLINE REPORT 2022-05-16 11:40:00

The markets fell sharply at opening on Monday as the nervous investors kept their selling binge, fearing further fall, amid concerns over the country’s macroeconomic situation. Following the pr...

Green Delta Insurance to sponsor MF, ETF

Green Delta Insurance to sponsor MF, ETF

FE REPORT 2022-05-16 09:51:48

Green Delta Insurance Company Ltd, a listed company, will sponsor an open-end mutual fund (MF) and an Exchange Traded Fund (ETF) through an aggregate amount of investment worth Tk 50 million. The c...

Listed power companies see EPS growth in 9 months

Listed power companies see EPS growth in 9 months

BABUL BARMAN 2022-05-16 09:47:45

Leading listed power generation companies in the private sector saw their profit rise in nine months for the current fiscal year riding on significant revenue income from their subsidiaries. Out of t...

T-bond trading on bourses likely to start in June

T-bond trading on bourses likely to start in June

JASIM UDDIN HAROON 2022-05-16 09:14:46

Much-awaited trading in treasury bonds on the market may begin in June as the stakeholders will sign a key operational agreement later this month, according to sources in the know. The country's st...

Most listed banks see moderate growth in EPS in Jan-March

Most listed banks see moderate growth in EPS in Jan-March

FE REPORT 2022-05-15 09:50:54

Many listed banks have registered moderate growth in EPS (earnings per share) for January-March (Q1), 2022 against the same period of the previous year. Of the banks which saw rise in earnings, the...

FY23 budget: Tk 23.53b more to feather-bed rail

FY23 budget: Tk 23.53b more to feather-bed rail

FHM HUMAYAN KABIR 2022-05-15 08:43:13

Despite its poor-performer image, the state rail service is going to get Tk 149.28 billion, which is up by Tk 23.53 billion, in the upcoming uplift budget, officials said on Saturday. The Bangladesh...

JMI Hospital Mfg Ltd tops weekly turnover chart

JMI Hospital Mfg Ltd tops weekly turnover chart

FE REPORT 2022-05-14 09:58:22

Ten most-traded stocks accounted for 28 per cent of weekly transactions while the newly listed JMI Hospital Requisite Manufacturing Ltd. topped the Dhaka bourse's turnover list in the outgoing week....

Weekly market review: Stocks extend losses on economic worries

Weekly market review: Stocks extend losses on economic worries

BABUL BARMAN 2022-05-14 09:49:21

Stocks extended the losing streak for the second straight week to Thursday as nervous investors continued their selling spree amid concerns over the country's macroeconomic situation. This week featu...

Manpower export grows, raises hope

Manpower export grows, raises hope

ARAFAT ARA 2022-05-14 08:51:29

A steady outflow of migrant workers in the last four months of this year raises hope for healthy growth in overseas labour employment - a vital source for Bangladesh's foreign-exchange reserves. Of...

ADB re-affirms commitment to Bangladesh's sustainable development

ADB re-affirms commitment to Bangladesh's sustainable development

-- 2022-05-13 19:31:32

The Asian Development Bank (ADB) will prioritise its assistance towards Bangladesh for graduation from LDC, climate change and sustainable development goals. This is to help the country achieve its g...

Spain wants "More In-depth Cooperation" with Bangladesh

Spain wants "More In-depth Cooperation" with Bangladesh

-- 2022-05-13 17:44:42

Spanish Ambassador to Bangladesh Francisco de As-s Ben-tez Salas has said Madrid is ready to go into "More In-depth Cooperation" as Bangladesh and Spain are reviewing its 50-year bilateral relationshi...

Two banks to issue Tk 16b bonds to raise capital

Two banks to issue Tk 16b bonds to raise capital

FE REPORT 2022-05-13 10:14:10

Two listed private commercial banks -Pubali Bank and Premier Bank-- have decided to issue subordinated bonds worth Tk 16 billion to strengthen their capital base. The subordinated bonds are non-conve...

Bangladesh's consumption soars 18.36pc to Tk 38.19t

Bangladesh's consumption soars 18.36pc to Tk 38.19t

FHM HUMAYAN KABIR 2022-05-13 09:41:09

Bangladesh's consumption rate has picked up to a record high of 18.36 per cent in the current fiscal year (FY), 2021-22, resulting in higher economic output. The consumption has swelled to Tk 38.19...

Kamal eyes return of laundered money

Kamal eyes return of laundered money

FE REPORT 2022-05-13 09:10:31

Finance minister AHM Mustafa Kamal on Thursday pinned hopes on getting back the money that has been laundered from the country over the years. "We're greatly hopeful that the money earlier sent abroa...

Black money whitening scope may go in next FY

Black money whitening scope may go in next FY

DOULOT AKTER MALA 2022-05-13 08:15:40

A special scheme on whitening black money heads for hitting the dead end with its tenure expiry as the government may skip it in the upcoming budget, officials say. The scheme is scheduled to expire...

Another spin-test awaits Mominul and co.

Another spin-test awaits Mominul and co.

Shajedul Rahin 2022-05-12 17:12:12

Bangladesh are all set to take on Sri Lanka in the 2-match Test series starting on 15 March 2022.  The matches will be played at ZACS, Chattogram and SBNCS, Dhaka, and as in the Test matches in...

Stocks extend losses on interest rate worries

Stocks extend losses on interest rate worries

FE ONLINE REPORT 2022-05-12 15:59:16

Stocks witnessed yet another bearish session on Thursday as the risk-averse investors kept their selling binge on sector-wise issues amid concerns over the country’s macroeconomic situation....

Stocks slump at opening on interest rate worries

Stocks slump at opening on interest rate worries

FE ONLINE REPORT 2022-05-12 11:38:19

The market fell at opening on Thursday as investors kept their selling spree, fearing further fall amid worries of regulatory intervention on the interest rate to fight inflation. Following the previ...