The Financial Express

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Most non-banking financial institutions lose profitability

Babul Barman 2020-11-07 10:47:47

The earnings per share (EPS) of most of the listed non-banking financial institutions (NBFIs) fell in the nine months to September this year compared to that of the corresponding period of last year...

Insurance regulator sharpens focus on governance of companies

Ismail Hossain 2020-11-07 10:35:12

The insurance regulator wants to popularise insurance in the country and ensure good governance in the companies in order to make the industry stable, accountable and transparent. Dr M Mosharraf Hoss...

WB to fund Bangladesh's western economic corridor project

FHM HUMAYAN KABIR 2020-11-07 09:52:32

The World Bank (WB) has agreed to finance the country's western economic corroder with a view to facilitating a smart connectivity there, an official said on Friday. The Washington-based lender wou...

Bangladesh among nations at bottom in greenfield FDI index

JASIM UDDIN HAROON 2020-11-07 09:44:21

Bangladesh has been ranked the third worst-performing country in the world in terms of attracting green-field foreign direct investment (FDI), according to a global ranking. "Greenfield" investment...

LDC graduation may cost Bangladesh $7.0b worth of exports a year

FHM Humayan Kabir 2020-11-06 09:40:09

Bangladesh is likely to lose US$7.0 billion worth of export earnings annually after graduation to a developing nation status in 2024, a government report estimates. The report said the country could...

Govt’s Tk 1.13t stimulus covers 8.0pc of total employment: CPD

FE Online Report 2020-11-05 18:28:42

Only 8.0 per cent of the country’s total employment has been covered by various stimulus packages worth Tk 1.13 trillion announced by the government to help offset the economic fallout from the...

‘Government working to build a vibrant blue economy’

-- 2020-11-05 17:38:53

Prime Minister Sheikh Hasina on Thursday said the government has been working to build a vibrant blue economy by utilising marine resources for Bangladesh's economic prosperity. "We not only want to...

Bangladesh-Pakistan trade reaches $543.90m in FY20

FE ONLINE REPORT 2020-11-05 16:06:05

The bilateral trade between Bangladesh and Pakistan reached US$543.90 million in the fiscal year 2019-20. Of the total trade, Bangladesh’s export to Pakistan stood at US$50.54 million while the...

Bangladesh's own business climate index in place of WB's

JASIM UDDIN HAROON 2020-11-05 11:27:19

Bangladesh is mulling the introduction of its own index to assess the country's business environment as the World Bank (WB) has halted the publication of its flagship report 'Ease of Doing Business'....

Stocks open higher amid optimism

FE ONLINE REPORT 2020-11-05 11:03:32

Stocks witnessed upward trend in early trading on Thursday as bargain hunters remained active on sector-wise issues based on corporate declarations. Following the previous day’s modest correcti...

Associated Oxygen declares 10pc dividend

FE ONLINE REPORT 2020-11-05 10:55:34

The board of directors of recently listed Associated Oxygen has recommended 2.0 per cent cash dividend to public shareholders other than sponsors- directors and 8.0 per cent stock dividend to all the...

Bangladesh’s inflation hits seven-year high

-- 2020-11-05 10:20:52

Bangladesh’s point-to-point general inflation rate has increased to 6.44 per cent in October, the highest in seven years, amid the coronavirus (COvid-19) pandemic. The country had the previous...

Policymakers urged to strategise recovery plan for newly vulnerable groups

FE REPORT 2020-11-05 09:47:23

Policymakers should focus more on newly-vulnerable population alongside the pre-existing marginalised groups while framing strategies for the pandemic recovery, experts have said. They also said many...

Forex reserves to reach $50b next year, finance minister says

-- 2020-11-04 18:11:11

Finance Minister AHM Mustafa Kamal has hoped that the country’s foreign currency reserves will reach $50 billion by December 2021. “Hopefully our foreign currency reserves will reac...

Stocks snap four-day gaining streak

FE ONLINE REPORT 2020-11-04 16:02:48

Stocks slipped into the red on Wednesday, snapping a four-day winning streak, as risk-averse investors opted for booking profit on quick-gaining issues. DSEX, the key index of the Dhaka Stock Exchang...

DSE to introduce pre-opening, post-closing sessions Nov 19

FE Online Report 2020-11-04 13:12:40

Dhaka Stock Exchange (DSE) will introduce new sessions such as pre-opening and post-closing session on November 19 to create the scope of determining justified opening and closing price of the listed...

BEZA seeks rational interest rate

FE REPORT 2020-11-04 09:43:15

Bangladesh Economic Zones Authority (BEZA) has sought rationalisation of the interest rate on loans it took out from a state-owned non-banking financial institution between 2015 and 2018. In a letter...

Listed companies may be barred from transferring funds to subsidiaries

Mohammad Mufazzal 2020-11-04 09:29:42

The listed companies might soon be barred from providing interest-free loans to their subsidiaries or non-listed companies. A move to this effect is under consideration of the securities regulator---...

BB publishes Manual of Credit Guarantee Scheme for banks

-- 2020-11-03 21:09:32

Bangladesh Bank on Tuesday published 'Manual of Credit Guarantee Scheme' for the banks to follow in facilitating loans for cottage, micro and small enterprises (CMS) under the government-announced eco...

Esquire Knit Composite declares 15pc cash dividend

FE Online Report 2020-11-03 20:35:22

The Board of Directors of Esquire Knit Composite, a business unit of the Esquire Group, has recommended a 15 per cent cash dividend for the year ended on June 30, 2020. The final approval will come d...

Stocks manage some gains to extend winning streak

FE ONLINE REPORT 2020-11-03 16:12:53

Stocks managed some gains on Tuesday to extend the winning streak for the fourth straight sessions as bargain hunters continued their buying binge on sector-wise issues. DSEX, the key index of the Dh...

Stocks rise at opening on corporate declarations

FE ONLINE REPORT 2020-11-03 11:36:21

Stocks witnessed positive trend in early trading on Tuesday as bargain hunters continued their buying appetite on sector-wise issues based on corporate declarations. Following the previous three days...

Alltex Industries shut factory for 45 days

FE ONLINE REPORT 2020-11-03 11:35:35

The board of directors of Alltex Industries has decided to temporarily shut down the factory for 45 days from Monday to carry out the refurbishment and reinstallation of underground gas lines. &ldquo...

DSEX exceeds 4,900-mark again

FE ONLINE REPORT 2020-11-02 16:05:10

Stocks posted a marginal gain on Monday, extending the gaining streak for the third straight sessions, as bargain hunters continued their buying binge on sector-wise issues based on corporate declarat...

Express Insurance declares 5.0pc interim cash dividend

FE ONLINE REPORT 2020-11-02 11:23:08

The board of directors of Express Insurance Ltd has declared a 5.0 per cent interim cash dividend based on nine months’ un-audited financial statements that ended on September 30, 2020. The rec...

Bourses open on upward note

FE ONLINE REPORT 2020-11-02 10:53:49

Stocks witnessed positive trend in early trading on Monday as bargain hunters continued their buying appetite on sector-wise issues based on corporate declarations. Following the previous day’s...

Listed companies can now disburse interim cash dividend

FE REPORT 2020-11-02 10:39:09

The securities regulator has allowed the listed companies to recommend and distribute interim cash dividend from retained earnings subject to fulfilment of other rules and requirements. The Banglades...

Brands, retailers need to better buying practice for post-pandemic recovery

Monira Munni 2020-11-02 10:09:45

Brands and retailers must improve their purchasing practices in meeting the post-Covid demand and protecting supply chain workers during the pandemic recovery, according to a global report. The repor...

Sponsor directors given Dec 9 deadline to hold 30pc company shares

FE REPORT 2020-11-02 10:00:05

The securities regulator has extended the deadline for sponsor-directors of the listed companies to comply with its directive to hold minimum of 30 per cent shares jointly up to December 9. The exten...

Economic reopening hardly serves the poor

FE REPORT 2020-11-02 09:42:38

The resumption of economic activities reduced the number of the crisis-caused "new poor" by only 1.1 percentage points to 21.7 per cent, according to a study. In the April study, the percentage of em...