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The Financial Express

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Weekly review: Stocks slip back into red

Weekly review: Stocks slip back into red

FE REPORT 2020-11-14 11:03:45

Stocks slipped into the red in the outgoing week that ended on Thursday as shaky investors opted for booking profit on sector-wise issues based on the latest corporate declarations. Week-on-week, DSE...

China growth helps Bangladesh economy: Report

China growth helps Bangladesh economy: Report

FE REPORT 2020-11-14 09:53:59

Bangladesh is among top five economies recovering faster as a result of Chinese growth, according to an international publication. The five economies that are dodging bullets of COVID-19 are: China,...

Tax receipts rise minimally in July-Oct

Tax receipts rise minimally in July-Oct

FE REPORT 2020-11-13 10:20:32

Tax revenue collection registered only 1.14 per cent growth in the first four months of the current fiscal year (FY), 2020-21, with Tk 204.45 billion shortfall against the target. The National Board...

Minister believes document verification will boost tax receipt

Minister believes document verification will boost tax receipt

FE REPORT 2020-11-13 10:14:37

Finance minister AHM Mustafa Kamal on Thursday called upon the accountants to maintain transparency and accountability in discharging their professional responsibilities. He said accountants are the...

BB asks banks not to allow non-members in board meet

BB asks banks not to allow non-members in board meet

FE Report 2020-11-13 10:05:11

The central bank has asked all the scheduled banks to prohibit non-members from attending meetings of their board and board committees whatever the circumstance is, officials said. "We've issued the...

Govt adopts 5.2pc inflation target for FY22-23

Govt adopts 5.2pc inflation target for FY22-23

-- 2020-11-12 21:06:26

The Bangladesh government has adopted an inflation target of 5.2 per cent for the 2022-23 fiscal (FY22-23), a move which seems to be in line with its focus on boosting growth while keeping prices in c...

CSE holds 25th AGM, approves 5.0pc dividend

CSE holds 25th AGM, approves 5.0pc dividend

FE ONLINE REPORT 2020-11-12 18:28:35

The 25th annual general meeting (AGM) of Chittagong Stock Exchange (CSE) was held on Thursday at the CSE Conference hall in Agrabad, Chattogram. The shareholders of the CSE approved a 5.0 per cent ca...

Stocks rebound after choppy trading

Stocks rebound after choppy trading

FE Online Report 2020-11-12 16:30:05

Stocks returned to the green on Thursday, snapping a two-day losing streak, as bargain hunters showed their buying binge on selective issues based on corporate declarations. DSEX, the key index of...

Fortune Shoes declares 10pc divided

Fortune Shoes declares 10pc divided

FE ONLINE REPORT 2020-11-12 10:46:34

The board of directors of Fortune Shoes has recommended 5.0 per cent cash (excluding sponsors & directors) and 5.0 per cent stock dividend for all the shareholders for the year ended on June 30, 2...

Pandemic slows Bangladesh's development spending

Pandemic slows Bangladesh's development spending

FHM HUMAYAN KABIR 2020-11-12 10:15:26

The Covid-19 pandemic seriously affected the development project execution by the relevant government agencies during July-October period of the fiscal year (FY) 2020-21, officials said on Wednesday....

VAT online project awaits yet another extension

VAT online project awaits yet another extension

DOULOT AKTER MALA 2020-11-12 09:51:27

The government may extend the much-talked-about VAT Online Project (VOP) by another six months to June 30, 2021, as some of its key components are unlikely to be implemented with the December 31 deadl...

Back to the drawing board: Stakeholders' dialogue on quicker fund flow from stimulus packages

Back to the drawing board: Stakeholders' dialogue on quicker fund flow from stimulus packages

SYFUL ISLAM 2020-11-12 09:44:10

Amid slow disbursement of Covid-19 stimulus packages, the government has decided to hold dialogues with trade groups, banks, and the ministries concerned to find a way forward, officials said. The fi...

RMG export faces setbacks as Covid-19 surges in US, Europe again

RMG export faces setbacks as Covid-19 surges in US, Europe again

-- 2020-11-11 16:25:00

Bangladesh's forex-fetching readymade garment industry had begun to show signs of revival with expectations of a surge in foreign orders before the Christmas after a huge slump in export. But it is no...

Stocks extend losses after bumpy ride

Stocks extend losses after bumpy ride

FE ONLINE REPORT 2020-11-11 16:07:40

Stocks extended the losing streak for the two straight sessions on Wednesday as risk-averse investors continued their sell-offs on sector-wises issues. DSEX, the key index of the Dhaka Stock Exchange...

Dominage Steel to hold IPO lottery draw Nov 16

Dominage Steel to hold IPO lottery draw Nov 16

FE ONLINE REPORT 2020-11-11 13:31:27

Dominage Steel Building Systems is set to hold its IPO (initial public offering) lottery draw on November 16, aiming to allocate 30 million ordinary shares among successful applicants. The company...

Stocks witness negative trend at opening on profit booking

Stocks witness negative trend at opening on profit booking

FE ONLINE REPORT 2020-11-11 11:04:26

Stocks witnessed a downward trend in early hours trading on Wednesday as investors mostly followed cautious stance after corporate declarations of most of the companies. Following the previous day&rs...

Inter-factory transfer of raw materials to be taxable: NBR

Inter-factory transfer of raw materials to be taxable: NBR

FE REPORT 2020-11-11 10:20:42

Manufacturing industries will have to pay VAT for transferring raw materials from one factory to another, according to a clarification of the revenue board. However, the manufacturing units will get...

Stocks slump as large-cap issues fall

Stocks slump as large-cap issues fall

FE ONLINE REPORT 2020-11-10 16:00:56

Stocks ended lower on Tuesday, after remaining flat in the previous day, as risk-averse investors went on profit booking sell-offs on large-cap issues. DSEX, the key index of the Dhaka Stock Exchange...

PRAN-RFL Group to create 5000 jobs in Rajshahi

PRAN-RFL Group to create 5000 jobs in Rajshahi

FE ONLINE DESK 2020-11-10 14:51:01

PRAN-RFL Group’s Barind (Varendra) Industrial Park in Rajshahi will create four to five thousand jobs, of which 95 per cent job holder will be local, says a media release. It has plan to produc...

Cautious investors push markets into mixed territory

Cautious investors push markets into mixed territory

FE ONLINE REPORT 2020-11-10 11:52:24

Stocks witnessed mixed trends in early trading on Tuesday as investors mostly followed cautious stance after corporate declarations of most of the companies. Following the previous day’s negati...

ACI declares 90pc dividend

ACI declares 90pc dividend

FE ONLINE REPORT 2020-11-10 11:23:17

The board of directors of ACI Limited has recommended 80 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2020. The annual general meeting (AGM) will be held on December 24...

Companies show lukewarm response to submission of IPO proposals

Companies show lukewarm response to submission of IPO proposals

Mohammad Mufazzal 2020-11-10 10:20:39

Companies willing to raise funds showed lukewarm response to submit IPO proposals based on the financials for the year ended on June 30 as COVID-19 hit their businesses along with hampering preparatio...

Energypac Power’s IPO subscription opens Dec 7

Energypac Power’s IPO subscription opens Dec 7

FE ONLINE REPORT 2020-11-09 11:21:25

The initial public offering (IPO) subscription of Energypac Power Generation Ltd will commence on December 7, aiming to raise Tk 1.50 billion under the book-building method. The IPO subscription for...

DSE up, CSE down in early trading

DSE up, CSE down in early trading

FE ONLINE REPORT 2020-11-09 10:58:29

Stocks witnessed mixed trends in early trading on Monday as investors mostly followed cautious stance after corporate declarations of most of the companies. Following the previous day’s negativ...

Stocks back in red after single-day break

Stocks back in red after single-day break

FE Online Report 2020-11-08 16:24:03

Stocks slipped back into the red on Sunday, after a single-day break as risk-averse investors went on late hours selling binge on sector-wise issues. DSEX, the key index of the Dhaka Stock Exchange,...

Index Agro’s cut-off price fixed at Tk 62 each

Index Agro’s cut-off price fixed at Tk 62 each

FE Online Report 2020-11-08 15:56:19

The cut-off price of shares of Index Agro Industries has been fixed at Tk 62 each through electronic bidding by eligible investors. The eligible investors took part in the price discovery of the comp...

Power Grid declares 20pc cash dividend

Power Grid declares 20pc cash dividend

FE ONLINE REPOERT 2020-11-08 11:03:55

The board of directors of state-run Power Grid Company of Bangladesh has recommended a 20 per cent cash dividend for the year ended on June 30, 2020. The final approval of the dividend will come duri...

Bourses open week on positive note

Bourses open week on positive note

FE ONLINE REPORT 2020-11-08 10:55:30

Stocks witnessed positive trend in early trading on Sunday as bargain hunters remained active on sector-wise issues based on corporate declarations. Following the previous week’s upward trend,...

Banks bank on low provisioning

Banks bank on low provisioning

FE REPORT 2020-11-08 10:23:57

Most of the listed banks witnessed rise in EPS (earnings per share) for July-September, 2020 compared to same period of the previous year. Officials said the banks' EPS rose following the central ban...

72pc firms yet to receive stimulus: SANEM

72pc firms yet to receive stimulus: SANEM

-- 2020-11-07 20:07:13

Around 72 per cent of the firms surveyed are yet to receive any stimulus package, according to a survey of South Asian Network of Economic Modeling (SANEM). The major challenges include lack of packa...