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The Financial Express

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NBR misses revenue collection target in 10 months of FY22

NBR misses revenue collection target in 10 months of FY22

FE ONLINE DESK 2022-05-23 19:40:37

The National Board of Revenue (NBR) has missed the revenue collection target in the first 10 months (July-April) of the current fiscal year (FY22). The National Board of Revenue (NBR) has collected T...

Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI 

Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI 

-- 2022-05-23 19:30:15

The achievement of sustainable development goals by 2030 will be jolted unless a vigorous growth of tourism in the country, said the Federation of Bangladesh Chambers of Commerce and Industry on Monda...

Bangladesh Bank moves to encourage remittance inflow to boost forex 

Bangladesh Bank moves to encourage remittance inflow to boost forex 

-- 2022-05-23 18:26:51

Bangladesh Bank has withdrawn the provision of mandatory submission of documents for getting incentive against inward remittance of USD $5000 or Tk 50,0000 and upward, in a move to encourage greater i...

Stocks rebound strongly owing to govt moves

Stocks rebound strongly owing to govt moves

FE ONLINE REPORT 2022-05-23 15:56:17

The market rebounded strongly on Monday, snapping an eight-day sharp fall, as investors put fresh bets on major sector stocks, riding on the government steps to help revamp the ailing market. The sec...

Taka depreciates further by 40 paisa against US$

Taka depreciates further by 40 paisa against US$

Siddique Islam 2022-05-23 13:15:25

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

DSEX jumps over 100 points at opening on govt moves

DSEX jumps over 100 points at opening on govt moves

FE ONLINE REPORT 2022-05-23 11:48:29

The market witnessed a steep rise at the opening on Monday, after hitting an 11-month low the previous day, as the government framed rescue packages with fresh financial injections. Following the new...

Money whitening new bait : Bangladeshi passport holders can avail with penal tax

Money whitening new bait : Bangladeshi passport holders can avail with penal tax

Doulot Akter Mala 2022-05-23 08:56:13

The government envisages fresh baits for repatriating siphoned-off money with a budgetary measure allowing Bangladeshi-passport holders to get their 'black money' whitened with penal tax. The new mea...

Boost investment in stock market, Finance Minister directs regulators

Boost investment in stock market, Finance Minister directs regulators

-- 2022-05-22 19:52:01

Finance Minister AHM Mustafa Kamal at a meeting with Bangladesh Bank (BB) Governor Fazle Kabir and other senior officials of the ministry asked them to work on boosting stock market investment. He sa...

BSEC extends margin loan limit to increase liquidity

BSEC extends margin loan limit to increase liquidity

-- 2022-05-22 18:33:09

Bangladesh’s capital market regulator has increased the margin loan limit in an effort to increase liquidity in the market and counteract the recent dip in the stock market. On Sunday, the Bang...

BEA places Tk 20.50 trillion budget proposal for FY23 

BEA places Tk 20.50 trillion budget proposal for FY23 

-- 2022-05-22 17:32:42

The Bangladesh Economic Association (BEA) has placed a Tk 20.50 trillion (20,50,036-crore) budget proposal for the next fiscal year (FY23).  BEA President Dr Abul Barkat placed the proposals at...

Forex reserves improve slightly

Forex reserves improve slightly

FE ONLINE DESK 2022-05-22 16:42:49

Bangladesh’s foreign exchange reserves have improved a little to stand at $42.30 billion, which was at $41.92 billion on May 10. "Recently, the reserve of foreign exchange was a slight dip belo...

DSEX hits 11-month low as sell-off continues

DSEX hits 11-month low as sell-off continues

FE ONLINE REPORT 2022-05-22 15:10:22

Stocks witnessed yet another major setback on Sunday, with the key index of the Dhaka bourse sinking below the 6,200-mark after 11-month, as the jittery investors continued to sell off to exit from th...

Stocks open lower as sell-off continues

Stocks open lower as sell-off continues

FE ONLINE REPORT 2022-05-22 11:41:22

The market opened lower on Sunday as the jittery investors continued to sell-off their holdings amid growing concerns over the economic situation. Following the previous seven days’ major fall,...

Foreign stakes in small-cap listed companies drop

Foreign stakes in small-cap listed companies drop

FE REPORT 2022-05-22 10:22:23

Foreign stakes in many small-cap listed companies declined significantly in last 10 months as the foreigners offloaded their shares held in those companies. The foreign stakes in large-cap companies,...

Govt incorporates less fresh projects in next ADP

Govt incorporates less fresh projects in next ADP

FHM HUMAYAN KABIR 2022-05-22 08:53:47

The government has taken a cautious approach towards development budget spending this time around as it has incorporated less fresh projects in the upcoming Annual Development Programme (ADP) than in...

Stabilising forex market: Dealer banks makes six-point proposals

Stabilising forex market: Dealer banks makes six-point proposals

Siddique Islam 2022-05-22 08:40:49

The apex body of dealer banks has submitted six-point proposals to the central bank for stabilising the ongoing volatility in the country's foreign exchange (forex) market. The Bangladesh Foreign E...

Outward FDI sees big jump in 2021

Outward FDI sees big jump in 2021

FE ONLINE REPORT 2022-05-21 17:12:39

The outflow of foreign direct investment (FDI) from Bangladesh recorded a big jump in the last calendar year of 2021. According to the latest statistics, released by Bangladesh Bank last week, the ne...

BD Paints QIO subscription opens tomorrow

BD Paints QIO subscription opens tomorrow

FE REPORT 2022-05-21 10:07:36

The Qualified investor offer (QIO) of Bangladesh Paints Ltd. shares will open for subscription tomorrow (Sunday), aiming to raise Tk 120 million under fixed-price method. The paint manufacturer's sha...

Weekly market review: Stocks sink deeper as economic jitters grow

Weekly market review: Stocks sink deeper as economic jitters grow

BABUL BARMAN 2022-05-21 10:00:19

Stocks witnessed yet another major setback in the week to Thursday as nervous investors rushed to dump their holdings to avoid further erosion of their portfolios. The week saw four trading days inst...

Govt likely to require Tk 10.15t in three years for executing 1,349 ongoing projects

Govt likely to require Tk 10.15t in three years for executing 1,349 ongoing projects

FHM Humayan Kabir 2022-05-21 08:40:09

The government will require nearly Tk 10.15 trillion to implement some 1,349 ongoing projects over next three years, officials said on Wednesday. However, the government is likely to allocate Tk 8.21...

TIB bats for formation of advisory committee

TIB bats for formation of advisory committee

FE REPORT 2022-05-21 08:36:40

The Transparency International Bangladesh suggests formation of an independent economic strategy advisory committee to find ways to address the potential fallout from an unfolding global economic cris...

Inflation erodes yields for savers

Inflation erodes yields for savers

JASIM UDDIN HAROON 2022-05-21 08:23:41

Savers are losing out as high inflation makes inroads on yields from the savings instruments this section of people have invested in as their last resort, sources say. These individuals, who rely on...

BSEC suspends pre-opening session in bourses

BSEC suspends pre-opening session in bourses

FE ONLINE REPORT 2022-05-20 19:43:15

The Bangladesh Securities and Exchange Commission (BSEC) temporarily suspended the 15-minute pre-opening session on the bourses because of misuse of the opportunity. “Pre-opening session of the...

‘IFAD prioritises investment in Bangladesh’

‘IFAD prioritises investment in Bangladesh’

-- 2022-05-20 16:00:06

Reehana Rifat Raza, the Regional Director of the Asia and Pacific Division at the International Fund for Agricultural Development (IFAD), has said IFAD prioritises investment in Bangladesh. She menti...

No reserves crunch, loan ratio lowest in region: Kamal

No reserves crunch, loan ratio lowest in region: Kamal

FE REPORT 2022-05-20 12:27:01

No pressure is there on the country's foreign-exchange reserves as the loan-GDP ratio in Bangladesh is still lowest in the region, says Finance Minister AHM Mustafa Kamal. During pre-budget consult...

BSEC asks bourses to ensure trades through 'genuine' BO accounts

BSEC asks bourses to ensure trades through 'genuine' BO accounts

FE REPORT 2022-05-20 09:49:30

The securities regulator has asked the bourses and depository authority to ensure trades through 'genuine' BO (beneficiary owners) accounts only. The Bangladesh Securities and Exchange Commission (BS...

Singapore to help Bangladesh develop e-commerce sector

Singapore to help Bangladesh develop e-commerce sector

-- 2022-05-19 18:39:18

Singapore has assured Bangladesh of extending its utmost cooperation to build an ecosystem for the development of the e-commerce sector.   The Ministry of Trade and Industry of Singapore g...

Stocks keep bleeding for seven days

Stocks keep bleeding for seven days

FE ONLINE REPORT 2022-05-19 15:41:21

Stocks extended the losing streak for the seven straight days on Thursday as the jittery investors continued to dump their holdings despite the regulatory efforts to stop the market fall. The worry...

External debt to GDP ratio reaches 21.8pc

External debt to GDP ratio reaches 21.8pc

FE ONLINE REPORT 2022-05-19 15:33:37

The ratio of the country’s external debt to Gross Domestic Product (GDP) increased to 21.8 per cent in the last calendar year or 2021, according to the updated statistics of the central bank. Th...

DSEX plunges below 6300-mark at opening

DSEX plunges below 6300-mark at opening

DSEX plunges below 6300-mark at opening 2022-05-19 11:32:53

The market opened sharply lower on Thursday as the jittery investors continued to sell-off their holdings amid growing concerns over the economic situation. Following the previous six day’s maj...