The Financial Express

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IPO subscription of Lub-rref to begin Jan 26

FE ONLINE REPORT 2020-12-28 10:40:25

The IPO subscription of Lub-rref (Bangladesh) – a local lubricant manufacturer – will open January 26, aiming to raise Tk 1.50 billion under the book-building method. The subscription of...

Bangladesh economy to become 28th largest in 2030

JASIM UDDIN HAROON 2020-12-28 09:34:02

Bangladesh’s economy will be 28th largest in 2030 and 25th largest in 2035 , the UK's Centre for Economics and Business Research (CEBR) has made the projection in a recent report. Austria now e...

1st auction of Bangladesh's Sukuk today

FE REPORT 2020-12-28 08:48:56

The first auction for Sukuk, the Islamic Shariah-compliant bond named Bangladesh Government Islamic Investment Sukuk will be held today (Monday) creating history in the country's financial market. On...

DSEX exceeds 5,300-mark after 18 months

-- 2020-12-27 16:31:45

The core index of the Dhaka Stock Exchange (DSE) crossed the 5,300-mark on Sunday after 18 months as investors continued to put fresh stakes on large-cap stocks amid high hopes. DSEX, the prime index...

Energypac Power to hold IPO lottery draw Jan 3

FE Online Report 2020-12-27 12:35:57

Energypac Power Generation is set to hold its IPO (initial public offering) lottery draw on January 3, aiming to allocate a total about 40.30 million ordinary shares among the successful applicants....

Stocks up at opening amid growing confidence

FE ONLINE REPORT 2020-12-27 11:45:35

Stocks witnessed sharp gains in early trading on Sunday as investors put fresh stakes on stocks riding on high expectations. Meanwhile, Robi’s share continued to rise for the second trading day...

Padma Oil declares 125pc cash dividend

FE Online Report 2020-12-27 10:43:05

The board of directors of state-run Padma Oil Company Ltd has recommended a 125 per cent cash dividend for the year ended on June 30, 2020. The final approval of the dividend will come during the ann...

190,480 beneficiary owner accounts added in two months

BABUL BARMAN 2020-12-27 10:03:06

The number of new beneficiary owner (BO) accounts continued to rise as the stock market is showing a signs of stability after the latest market debacle in 2010-2011. Market operators attributed the...

State-owned Krishi Bank seeks Tk 9.5b bailout

REZAUL KARIM 2020-12-27 09:40:35

Troubled by huge capital shortfall, the Bangladesh Krishi Bank (BKB) has recently sought Tk.9.5 billion from the government to raise its paid-up capital citing an altogether different reason. The cap...

Sustainable capital market within six months, says BSEC chief

FE ONLINE REPORT 2020-12-24 22:08:33

Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam expressed his firm optimism to get a sustainable capital market within the next six months. “Many evil...

BRICKS bank to help Bangladesh amass fund for development goals

-- 2020-12-24 18:50:13

Bangladesh had shown interest in joining the New Development Bank, BRICS Bank, when it was coming into being in 2014 only for it to lean towards the China-sponsored Asian Infrastructure Investment Ban...

Shares jump as Robi makes flying debut

FE ONLINE REPORT 2020-12-24 16:18:10

Stocks witnessed a big jump on Thursday, with turnover crossing Tk 14 billion-mark on the major bourse after more than four-month, as investors put fresh stakes on stocks amid expectations. DSEX, the...

Stocks open higher as Robi makes flying debut

FE ONLINE REPORT 2020-12-24 11:02:05

Stocks witnessed an upward trend in early trading on Thursday as Robi, the biggest-ever issue made a flying trading debut. Robi is the largest public offering in the history of Bangladesh's capital m...

Meghna Petroleum declares 150pc cash dividend

FE ONLINE REPORT 2020-12-24 10:53:06

The board of directors of Meghna Petroleum has recommended a 150 per cent cash dividend for the year ended on June 30, 2020. The final approval will come during the annual general meeting scheduled t...

BB making transition from LIBOR to alternative reference rate

FE REPORT 2020-12-24 09:06:10

The central bank on Tuesday issued a draft policy seeking opinions from the stakeholders concerned to set up alternative reference rate after phasing out of the London Inter-Bank Offered Rate (LIBOR...

Bangladesh issues Sukuk Monday to raise Tk 80b

JASIM UDDIN HAROON 2020-12-24 09:01:32

Sukuk, the Islamic Shariah-compliant bond, will be issued on Monday, marking the history in the country's financial market. The Bangladesh Government Islamic Investment Sukuk worth Tk 40 billion will...

PM orders fresh stimulus plan to tackle second Covid wave

-- 2020-12-23 22:07:16

Prime Minister Sheikh Hasina on Wednesday asked the finance ministry and other related ministries and divisions to formulate another financial stimulus package plan keeping the second wave of COVID-19...

Walton approves 200pc cash dividend

-- 2020-12-23 20:42:30

Walton Hi-Tech Industries Limited has approved 200 per cent cash dividend for the general shareholders and 75 per cent cash dividend for sponsors and directors for the financial year 2019-2020. ...

DSE daily turnover exceeds Tk 12b-mark

FE Online Report 2020-12-23 16:44:52

Stocks rebounded strongly on Wednesday, with a turnover crossing Tk 12 billion-mark on the major bourse after four-month, as bargain hunters put fresh stakes on stocks amid optimism. DSEX, the prim...

Indian minister assures Bangladesh of cooperation in ensuring barrier-free trade

-- 2020-12-23 15:39:06

India has assured Bangladesh of cooperation in ensuring barrier-free trade. Accordingly, the assurance was conveyed by Minister of Railways, Commerce & Industry, Consumer Affairs and Food & P...

Stocks witness mixed trend amid volatility

FE ONLINE REPORT 2020-12-23 10:52:04

Stocks witnessed mixed trend in early trading on Wednesday with choppy trading as investors mostly followed cautious and waited for debut of the largest ever issue Robi. Following the previous day&rs...

Bangabandhu Hi-Tech Park beckons entrepreneurship

SAIF UDDIN, BACK FROM RAJSHAHI 2020-12-23 10:20:52

The construction of key facilities at Bangabandhu Sheikh Mujib Hi-Tech Park in the northern education city of Rajshahi is set to finish by next year. The Tk 2.88-billion hi-tech park (HTP) will creat...

2nd wave Covid-19 fallout may slow down Bangladesh recovery, warns BB

Siddique Islam 2020-12-23 08:50:53

The slower global economic recovery amid the second wave of Covid-19 may hinder Bangladesh's effort to overcome the fallouts from the pandemic's first hit, according to a latest Bangladesh Bank (BB)...

Sukuk bond to be issued by December 30

-- 2020-12-22 21:51:36

Sukuk, a sharia-compliant bond-like instruments used in Islamic finance, would be issued in the country by December 30 this year. The Finance Division and the Bangladesh Bank on Tuesday signed an agr...

CSE revises Shariah Index with effect from Dec 30

FE Online Report 2020-12-22 17:13:25

The Chittagong Stock Exchange (CSE) has revised its Shariah Index on the basis of performance of the CSE listed companies. The new index will be effective from December 30. The CSE Shariah Index is r...

Stocks back to red after single-day break

FE ONLINE REPORT 2020-12-22 16:04:33

Stocks returned to the red on Tuesday, after a single-day break, as many investors freed funds to participate in the upcoming IPOs while some were waiting for the debut of the largest ever issue Robi....

Remittance outlook bleak for emerging economies like Bangladesh

REUTERS 2020-12-22 15:00:05

Larger-than-expected money transfers from migrants overseas have provided a tonic for several sickly economies during the coronavirus crisis, but the outlook for such flows remains fraught with uncert...

Stocks post marginal fall in early trading

FE ONLINE REPORT 2020-12-22 11:41:56

Stocks posted a marginal decline in the early trading on Tuesday as investors followed a cautious stance ahead of the trading debut of the country's largest-ever issue Robi. Following the previous da...

Business continuity plan to be piloted at two economic zones

FE Report 2020-12-22 10:19:34

The Planning Commission and Bangladesh Economic Zones Authority will conduct a piloting of business continuity plan (BCP) among the industries located in two economic zones aiming to strengthen resi...

Export policy review meeting today

FE REPORT 2020-12-22 09:57:11

The government will review the progress in implementation of the existing export policy 2018-21 aiming to help boost export, officials said. To this effect, the monitoring committee on the existing e...