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The Financial Express

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GSP Finance declares 10.5pc dividend

GSP Finance declares 10.5pc dividend

FE ONLINE REPORT 2020-08-13 11:22:04

The board of directors of GSP Finance Company (Bangladesh) Ltd has recommended 6.0 per cent cash and 4.50 per cent stock dividend for the year ended on December 31, 2019. The final approval will come...

Stocks jump at opening amid growing confidence

Stocks jump at opening amid growing confidence

FE ONLINE REPORT 2020-08-13 10:58:36

Stocks on the bourses witnessed sharp rise in early trading on Thursday as enthusiastic investors continued their buying spree on large-cap issues riding on regulatory moves to restore discipline in t...

July revenue collection falls 22pc

July revenue collection falls 22pc

Doulot Akter Mala 2020-08-13 10:17:20

The overall revenue collection fell by 22.07 per cent to only Tk 123.34 billion in July last, the first month of the current fiscal year (FY), as compared to that of the same month of last year, accor...

Shahjalal Islami Bank approves 10pc dividend

Shahjalal Islami Bank approves 10pc dividend

FE DESK REPORT 2020-08-13 10:07:38

The 13th Extra-Ordinary General Meeting (EGM) and 19th Annual General Meeting (AGM) of Shahjalal Islami Bank Limited were held on Wednesday through digital platform, said a statement. Chairman of the...

Japan confirms largest ever loan package of US$ 3.15b for BD

Japan confirms largest ever loan package of US$ 3.15b for BD

FE Online Report 2020-08-12 16:28:39

Japan on Wednesday confirmed largest ever loan package of US$ 3.15 billion for Bangladesh to bankroll seven development projects in the country, officials said. Under the 41st Official Development As...

Stocks rebound strongly on regulatory moves

Stocks rebound strongly on regulatory moves

FE ONLINE REPORT 2020-08-12 15:39:05

Stocks rebounded strongly on Wednesday, after a single-day break, amid growing investors’ confidence following the securities regulator’s hard stance on the mandatory shareholding issue....

Investment-GDP ratio increases slightly in FY20

Investment-GDP ratio increases slightly in FY20

FE Online Report 2020-08-12 12:30:54

Country’s total investment in terms of Gross Domestic Product (GDP) increased modestly in the last fiscal year (FY20) ended on June 30, 2020. The provisional estimate of GDP, released by Bangla...

Agrani Insurance declares 10pc cash dividend

Agrani Insurance declares 10pc cash dividend

FE ONLINE REPORT 2020-08-12 10:28:28

The board of directors of Agrani Insurance Company Limited has recommended 10 per cent cash dividend for the year ended on December 31, 2019. The final approval will come during the annual general me...

General insurers’ share prices soaring sans PSI

General insurers’ share prices soaring sans PSI

FE REPORT 2020-08-12 09:58:55

Share prices of general insurance companies are soaring without having any undisclosed price sensitive information while three companies share price doubled in a month. Of the 35 general insurance co...

Govt fortifying BIDA to be investment-friendly

Govt fortifying BIDA to be investment-friendly

JASIM UDDDIN HAROON and REZAUL KARIM 2020-08-12 09:48:15

The government is strengthening the Bangladesh Investment Development Authority (BIDA) to make it is more sophisticated and investment-friendly. As part of reinforcing the investment promotion agency...

BB special funds for capital mkt: Lukewarm investment response from banks

BB special funds for capital mkt: Lukewarm investment response from banks

MOHAMMAD MUFAZZAL 2020-08-12 09:24:50

The country's capital market has so far received poor response in terms of investment from the banks under a special initiative of the central bank to help stimulate the ailing stock market, officials...

Kamal happy with GDP growth, per capita income attained in FY20

Kamal happy with GDP growth, per capita income attained in FY20

-- 2020-08-11 21:57:09

Finance Minister AHM Mustafa Kamal has expressed his satisfaction at the 5.24 per cent GDP growth rate and $2,064 per capita income attained by the country in the last fiscal year (FY20). Kamal expre...

'Connectivity initiatives by Bangladesh, India to reduce cost of trade'

'Connectivity initiatives by Bangladesh, India to reduce cost of trade'

FE ONLINE REPORT 2020-08-11 19:54:22

Indian High Commissioner in Dhaka, Riva Ganguly Das on Tuesday, said the excellent state of India- Bangladesh bilateral relations and the recent connectivity initiatives taken by both the countries in...

GDP growth rate reaches 5.24pc in FY20: BBS

GDP growth rate reaches 5.24pc in FY20: BBS

-- 2020-08-11 17:49:12

The GDP growth rate of Bangladesh has reached 5.24 per cent in the last fiscal year (FY20) despite the impact of coronavirus pandemic while the per capita income increased to $2,064, according to the...

BD economy grew 5.24pc in FY20 amid pandemic

BD economy grew 5.24pc in FY20 amid pandemic

-- 2020-08-11 13:39:15

Bangladesh has reported 5.24 per cent GDP growth in FY 2019-20 with the coronavirus pandemic ravaging the economy for at least a third of the financial year. The size of the GDP stood past Tk 27.96 t...

Premier Bank AGM approves 5.0pc cash, 5.0pc stock dividend

Premier Bank AGM approves 5.0pc cash, 5.0pc stock dividend

FE DESK REPORT 2020-08-11 09:56:47

The Premier Bank Limited held its 21st Annual General Meeting on digital platform on Monday. Chairman of the Bank Dr. H. B. M. Iqbal, Vice Chairman Moin Iqbal, Advisor Muhammed Ali and Managing Direct...

IPO subscription of Associated Oxygen opens Sept 10

IPO subscription of Associated Oxygen opens Sept 10

FE REPORT 2020-08-11 09:48:55

The initial public offering (IPO) subscription of Associated Oxygen Ltd is set to open on September 10, aiming to raise Tk 150 million from the capital market. The IPO subscription for shares of the...

Move to devise ways of stemming ADP leakage

Move to devise ways of stemming ADP leakage

FHM HUMAYAN KABIR 2020-08-11 09:30:47

The government is going to tighten its belt by reining in inflated costs and irregularities in development projects, officials said on Monday. The planning minister MA Mannan will sit with all secret...

Corona brings chance for digitalisation   

Corona brings chance for digitalisation  

FE REPORT 2020-08-11 09:26:46

Speakers at a dialogue on Monday said Covid-19 crisis puts unprecedented strains on markets, governments, businesses and individuals, but simultaneously it has brought opportunities for digitalisation...

BSEC hell-bent on holding minimum 2.0pc shares by directors of listed cos

BSEC hell-bent on holding minimum 2.0pc shares by directors of listed cos

Mohammad Mufazzal 2020-08-11 09:26:13

Directors of listed companies having not minimum 2.0 per cent shares must lose their directorship if they fail to hold the said amount of shares as per the latest directive. The chairman of the secur...

Interest rate spread drops slightly to 2.89pc in June

Interest rate spread drops slightly to 2.89pc in June

Siddique Islam 2020-08-11 09:23:52

Interest rate spread in the country's banking system fell slightly in June, as banks slashed interest rates on lending more than on deposit. The weighted average spread between lending and deposit...

90pc branches of banks fully online now

90pc branches of banks fully online now

FE Online Report 2020-08-10 17:17:40

At least 90 per cent branches of the country’s commercial banks are now fully online, according to the latest statistics of the central bank. It showed that the total number of branches of 59 s...

Stocks break 11-day winning streak

Stocks break 11-day winning streak

FE ONLINE REPORT 2020-08-10 15:42:17

Stocks slipped back into the red on Monday, snapping 11-day winning streak, as risk-averse investors opted for quick-profit on selective issues. The market opened on an upward trend and the key index...

Nine more closed-end MFs declare dividend

Nine more closed-end MFs declare dividend

FE ONLINE REPORT 2020-08-10 13:54:15

The Trustee Committees of nine more closed-end mutual funds have approved dividends for the year ended on June 30, 2020, according to separate disclosures on Monday. The mutual funds are: I...

Bourses open  positive amid rising turnover

Bourses open positive amid rising turnover

FE ONLINE REPORT 2020-08-10 12:56:54

Stocks witnessed positive trend in early trading on Monday as optimistic investors continued their buying spree on sector-wise issues encouraged by the securities regulator’s market supportive m...

Call for bigger budget for health sector

Call for bigger budget for health sector

FE REPORT 2020-08-10 09:54:18

Experts on Sunday sought increased budget allocation for health sector, strict implementation of hygiene guidelines and adaptation with the changed lifestyle in the wake of virus pandemic. They highl...

New forex law: Investors may get timely services

New forex law: Investors may get timely services

FE REPORT 2020-08-10 09:34:19

The government is mulling over incorporating time-bound services into the proposed foreign exchange law to attract potential overseas investors, said officials at the financial institutions division....

63.0pc of private foreign debt short-term

63.0pc of private foreign debt short-term

FE Online Report 2020-08-09 21:13:21

Around 63.0 per cent of the foreign borrowing of the country’s private sector is short-term in nature, according to the statistics released by the central bank. It showed that the outstanding p...

BB asks banks to open deposit accounts for NRBs

BB asks banks to open deposit accounts for NRBs

FE ONLINE REPORT 2020-08-09 16:31:43

The central bank has asked scheduled banks to introduce deposit accounts for non-resident Bangladeshis (NRBs) to encourage these people, who are working aboard, in saving their hard-earned money in Ba...

DSEX exceeds 4,500-mark on buying spree

DSEX exceeds 4,500-mark on buying spree

FE ONLINE REPORT 2020-08-09 16:15:20

The prime index of the Dhaka Stock Exchange (DSE) crossed the 4,500-mark on Sunday, after more than five months amid soaring turnover, as enthusiastic investors put fresh stakes on stocks. DSEX, the...