The Financial Express

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Bourses extend winning streak amid rising turnover

FE ONLINE REPORT 2020-07-08 15:59:16

Stocks extended the gaining streak for the three consecutive sessions on Wednesday as some investors continued to show their buying appetite following the minimum shareholding ultimatum by the regulat...

Bill placed in JS to raise BB governors’ age limit to 67 years

-- 2020-07-08 13:59:02

The Bangladesh Bank (Amendment) Bill, 2020 has been placed in Parliament to extend the age limit of the governor of the central bank to 67 years. Planning Minister MA Mannan, in absence of Finance Mi...

Stocks open positive as bourses back normal trading

FE ONLINE REPORT 2020-07-08 11:20:49

Stocks saw a positive trend in early trading on Wednesday as optimistic investors showed their appetite following the minimum shareholding ultimatum by the stock market regulator. Recently, the sec...

BJA seeks source tax cut on jute exports

FE Report 2020-07-08 10:16:42

Bangladesh Jute Association (BJA)has demanded reduction of source tax on their export earnings. It also sought facilities of stimulus package announced by the government for the businesses. To this...

Public subscription of Walton IPO to begin Aug 9

FE REPORT 2020-07-08 10:13:22

Public subscription of Walton Hi-Tech Industries Ltd is set to open on August 9 which will be continued until August 16. The company received the letter of consent from the Bangladesh Securities an...

Fighting Covid-19: Health ministry seeks Tk 5.0 billion

FE REPORT 2020-07-08 09:56:21

Health ministry has sought an estimated Tk 5.0-billion emergency fund from the government with an eye to fighting Covid-19, officials said. To this effect, central medical stores depot (CMSD) has rec...

Crest Securities owner, wife 'confesses to crime'

-- 2020-07-07 21:27:49

Crest Securities Ltd Managing Director Md Shahid Ullah and his wife Nipa Sultana have confessed to their involvement with the embezzlement of clients’ funds during primary interrogations, police...

BB relaxes regulations to attract FDI

FE ONLINE REPORT 2020-07-07 19:13:49

The central bank of Bangladesh has relaxed regulations aiming to attract foreign direct investment (FDI) through providing three more facilities to foreign investors. Under the relaxations, foreign i...

BD likely to continue steady growth rates: HSBC economist

-- 2020-07-07 18:32:29

As global growth recovers in the coming quarters, Bangladesh stands to benefit from its strong economic fundamentals and will likely continue to deliver steady growth rates despite COVID-19 pandemic....

Bourses back to regular trading hours Wednesday

FE ONLINE REPORT 2020-07-07 16:00:55

Trading on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will return to normal schedule of four hours tomorrow (Wednesday). As per the new decision, trading at the bourses will begin...

DSEX exceeds 4,000-mark after five weeks

FE ONLINE REPORT 2020-07-07 15:18:30

The prime index of the Dhaka Stock Exchange (DSE) crossed the 4,000-mark after five weeks on Tuesday as optimistic investors continued their buying binge on the regulatory move for ensuring mandatory...

DSEX touches 4,000-mark in early trading

FE ONLINE REPORT 2020-07-07 10:55:16

Stocks witnessed an upward trend in early trading on Tuesday as optimistic investors went on buying binge at the lowest possible prices riding on the regulatory move for ensuring mandatory shareholdin...

BR executes 57pc of ADP in FY '20

MUNIMA SULTANA 2020-07-07 09:43:59

Bangladesh Railway (BR) has implemented only 57.39 per cent of the Annual Development Programme (ADB) in the just concluded fiscal year (FY 2019-20). It could spend only Tk 58.82 billion till June th...

China requests BD to ensure virus-free food export

REZAUL KARIM 2020-07-07 09:34:55

China has requested Bangladesh to take adequate safety measures for ensuring that the food items being exported from Bangladesh to China remains free from contamination of coronavirus, officials said....

Tax receipt posts negative growth

Doulot Akter Mala 2020-07-07 09:23:11

Tax collection fell into negative territory in the just-concluded fiscal year due to, what officials described, economic disruptions caused by the Covid-19 pandemic. Tax receipt by the National Board...

PM suggests using forex reserve to finance development projects

-- 2020-07-06 23:11:14

Prime Minister Sheikh Hasina directed the authorities concerned to explore ways to channel funds from the country’s record-high foreign exchange reserves in the form of credit to finance the dev...

Boro farmers report 40pc deficit between actual and expected profit

-- 2020-07-06 22:29:44

Farmers who cultivated Boro paddy this year reported a 40 per cent deficit on average between their actual and projected profit amid COVID-19 pandemic, according to a survey. The Brac Institute of Go...

BB removes ONE Bank chairman over loan delinquency

-- 2020-07-06 20:26:15

Bangladesh Bank has removed ONE Bank Chairman Sayeed Hossain Chowdhury over bad loans tied to one of his companies. The episode of delinquency stems from his loans from Standard Bank. The loans borr...

Three highways set to be overhauled in current fiscal

-- 2020-07-06 18:40:55

Three highways will be upgraded into four-lane ones in the current fiscal (FY21) aiming to improve the national transport system and infrastructures for better road communications across the country....

Inflation up in June

FE Online Report 2020-07-06 16:52:57

The point-to-point inflation rate in last month June increased by 0.67 percentage points to 6.02 per cent due to significant rise of the food inflation, official data showed. In May, the rate of infl...

Stocks rebound amid rising turnover

FE ONLINE REPORT 2020-07-06 14:32:09

Stocks rebounded on Monday with soaring turnover as some investors went on buying binge riding on the regulatory move for ensuring mandatory shareholding rules. The stock market regulator has asked 6...

BSEC gets tough on minimum shareholding

FE ONLINE REPORT 2020-07-06 12:04:23

The stock market regulator has asked 61 directors of 22 listed companies to ensure a minimum 2.0 per cent shares in their own companies within 45 days to continue their directorship. The Bangladesh S...

Stocks down at opening on DSE, CSE

FE ONLINE REPORT 2020-07-06 11:09:29

Stocks witnessed a downward trend in early trading on Monday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minut...

Phoenix Insurance, Phoenix Finance declare dividend

FE ONLINE REPORT 2020-07-06 10:44:01

The board of directors of Phoenix Insurance Company, and Phoenix Finance & Investment have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures...

BSEC moves to formulate transaction rules for perpetual bonds

FE Report 2020-07-06 10:10:48

The securities regulator has moved to formulate rules for transactions of all perpetual bonds through the main trading platforms of the stock exchanges. The Bangladesh Securities and Exchange Commi...

New container line opens between Ctg, Kolkata ports

FE REPORT 2020-07-06 09:48:59

A new container line has started operating between Chattogram and Kolkata seaports in a significant move to boost Indo-Bangladesh trade. The vessel,Harmann Schepper, left the Ctgport on Thursday la...

Stakeholders divided on PPP-run jute mills

-- 2020-07-05 16:26:56

The government's plans to revitalise the flagging jute sector through public-private partnerships have been met with scepticism from stakeholders in the industry. It came after the government announc...

Stocks edge down amid low turnover

FE ONLINE REPORT 2020-07-05 14:06:48

Stocks edged lower on Sunday as investors remained cautious amid ongoing pandemic situation and floor price limitation. DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 5.21 points...

Four insurers declare dividend

FE ONLINE REPORT 2020-07-05 11:27:38

The board of directors of four insurance companies have recommended dividend for the year ended on December 31, 2019, according to separate official disclosures on Sunday. The companies are-- Eastlan...

Bourses see downward trend at opening

FE ONLINE REPORT 2020-07-05 11:01:05

Stocks saw a downward trend in early trading on Sunday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minutes of...