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The Financial Express

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Ring Shine Textiles holds IPO lottery draw

Ring Shine Textiles holds IPO lottery draw

FE Report 2019-10-02 10:50:54

Ring Shine Textiles to allocate 150 million ordinary shares among successful applicants as the company's IPO lottery draw was held on Tuesday. The lottery draw was held at 10:30am at the Auditorium...

Q1 remittance flow rises

Q1 remittance flow rises

Siddique Islam 2019-10-02 10:44:44

The inflow of remittances grew by more than 16 per cent in the first quarter (Q1) of this fiscal year (FY) as the government has announced a 2.0 per cent incentive on remittance receipts. The flow of...

'Higher FDI flow linked to growth momentum'

'Higher FDI flow linked to growth momentum'

MIR MOSTAFIZUR RAHAMAN 2019-10-02 10:19:02

Bangladesh needs to strengthen its capital market so that entrepreneurs remain dependent less on financial institutions for funds, said Graham Wrigley, Chairman of CDC Group Plc, the UK government's i...

ADB provides $150m for infrastructure development of two regions

ADB provides $150m for infrastructure development of two regions

-- 2019-10-01 20:54:28

The Asian Development Bank (ADB) agreed to give $150 million as loans aiming to develop crucial infrastructure such as roads, drains and capacity in Dhaka and Khulna. To this end, ADB and the govern...

Stocks eke out gains after choppy session

Stocks eke out gains after choppy session

FE Online Report 2019-10-01 15:38:23

Stocks ended flat on Tuesday after volatile trading as investors were active both sides of trading fence. Market analysts said a section of investors preferred booking profit while some others were b...

Golden Harvest to increase investment in Domino’s Pizza

Golden Harvest to increase investment in Domino’s Pizza

FE Online Report 2019-10-01 12:38:22

Harvest Agro Industries Ltd has decided to increase its equity investment in Domino’s Pizza through its associate company -- Golden Harvest QSR Ltd. The Golden Harvest QSR Ltd will invest Tk 11...

Fundraising thru IPO remains sluggish

Fundraising thru IPO remains sluggish

Babul Barman 2019-10-01 11:15:44

Fundraising through initial public offerings (IPOs) remained sluggish as only seven companies raised Tk 4.95 billion, including premium, through IPOs in January-September period of this year. The nin...

Robi likely to be listed soon: BSEC chief

Robi likely to be listed soon: BSEC chief

FE Report 2019-10-01 11:12:46

Robi, a multinational telecom operator, is likely to be listed on the stock exchanges within the shortest possible time frame, BSEC Chairman Prof M Khairul Hossain said on Monday. "The issue is under...

BIN update: NBR seeks curb on errant importers

BIN update: NBR seeks curb on errant importers

FE REPORT 2019-10-01 11:05:20

The National Board of Revenue has requested the central bank to ask banks not to open letters of credit in favour of any importers who skipped updating business identity. Importers are required to re...

Aug private sector credit growth falls

Aug private sector credit growth falls

SIDDIQUE ISLAM 2019-10-01 09:49:07

Private credit growth decelerated further in August as some banks had to prepare for complying with the central bank's revised advance-deposit ratio rules. Lower import growth also pushed down the pr...

Stocks fall; DSE turnover hits six-month high

Stocks fall; DSE turnover hits six-month high

FE Online Report 2019-09-30 15:49:32

Stocks slipped into the red on Monday, snapping a two-day winning streak, as risk-averse investors went on selling binge on large-cap shares. The market opened on positive negative note and the downw...

Ring Shine to hold IPO lottery Tuesday

Ring Shine to hold IPO lottery Tuesday

FE Online Report 2019-09-30 11:33:49

The Initial Public Offering (IPO) lottery of Ring Shine Textiles will be held tomorrow (Tuesday) to allocate 150 million ordinary shares among the successful applicants, officials said. The lottery d...

Stocks mixed in cautious trading at opening

Stocks mixed in cautious trading at opening

FE Online Report 2019-09-30 11:29:13

Stocks witnessed mixed trend in early hour of trading on Monday as investors were active on both sides of trading fence. Following the previous two days’ marginal gain, the Dhaka Stock Exchange...

Submarine Cable generates highest turnover on DSE

Submarine Cable generates highest turnover on DSE

FE Report 2019-09-30 10:40:41

Ten most traded companies snared one-fourth transactions on the Dhaka Stock Exchange (DSE) on Sunday, with the Bangladesh Submarine Cable Company making it to the top of the turnover list. Market a...

Two banks to issue perpetual bonds

Two banks to issue perpetual bonds

FE Report 2019-09-30 10:38:41

The board of directors of two private commercial banks -- ONE Bank Ltd and Jamuna Bank Ltd-- have decided to issue non-convertible perpetual bond worth Tk 4.0 billion each. ONE Bank: The ONE Bank wil...

Gas, tobacco sectors: Tax revenue receipts drop in July-August

Gas, tobacco sectors: Tax revenue receipts drop in July-August

DOULOT AKTER MALA 2019-09-30 10:32:27

The Large Taxpayers Unit (LTU) saw a drop in revenue collection in the July-August period of the current fiscal year (FY), 2019-20. The revenue collection growth took a hit as two large sectors -- ga...

Govt targets Tk 13.93b negative bank borrowing for Oct

Govt targets Tk 13.93b negative bank borrowing for Oct

Siddique Islam 2019-09-30 09:45:52

The government's net borrowing from the country's banking system is set to be negative in October, as it is scheduled to repay more than Tk 10 billion from surplus, officials said. The Ministry of Fi...

Stocks extend gaining spell as banks surge

Stocks extend gaining spell as banks surge

FE Online Report 2019-09-29 16:30:51

Stocks ended marginally for the second straight session on Sunday as investors showed their appetite on banking sector shares. The market opened on positive note and the key index rose more than 29 p...

Double-digit GDP growth in next five years: Kamal

Double-digit GDP growth in next five years: Kamal

FE Online Desk 2019-09-29 13:11:35

Finance minister AHM Mustafa Kamal today (Sunday) said Bangladesh's gross domestic product (GDP) growth will touch the double digit within the next five years. The country will make it with completio...

ONE Bank to issue Tk 4.0b perpetual bond

ONE Bank to issue Tk 4.0b perpetual bond

FE Online Report 2019-09-29 12:03:27

The board of directors of ONE Bank Ltd has decided to issue non-convertible perpetual bond (at floating rate) worth Tk 4.0 billion. The bank will issue the bond for raising fund to have regulatory ca...

Stocks open higher riding on bank issues

Stocks open higher riding on bank issues

FE Online Report 2019-09-29 11:27:04

Stocks witnessed an upward trend in early hour of trading on Sunday as optimistic investors were showing their buying binge on bank issues. Following the previous week’s correction, the Dhaka S...

'Every capable person to have employment opportunity by 2030'

'Every capable person to have employment opportunity by 2030'

-- 2019-09-28 19:01:46

Finance Minister AHM Mustafa Kamal has expressed his hope that all capable persons of the country will have employment opportunity by 2030. “I believe that by 2030, every capable person of the...

Weekly review: Stocks rebound riding on GP

Weekly review: Stocks rebound riding on GP

Babul Barman 2019-09-28 10:53:07

Stocks rebounded strongly in the outgoing week, snapping a four-week losing streak, as optimistic investors showed their buying spree on large-cap shares. Week on week, DSEX, the prime index of the D...

Ten cos snare one-fourth turnover

Ten cos snare one-fourth turnover

FE Report 2019-09-28 10:49:29

Ten most traded companies accounted for one-fourth transactions on the prime bourse in the outgoing week, with the Grameenphone (GP) generating the highest turnover. Market analysts said investors sh...

Ease of doing business: BD among top-20 improvers

Ease of doing business: BD among top-20 improvers

-- 2019-09-28 10:25:40

Bangladesh has taken its position among the top-20 improvers in the ease of doing business 2020 as the country has implemented various reform initiatives to create a business-friendly environment, acc...

‘Farmers to get machineries at subsidised rate from next season’

‘Farmers to get machineries at subsidised rate from next season’

-- 2019-09-27 19:10:48

Farmers will be provided with agricultural machinery at subsidiary rates in order to boost production and save them from losses, said Agriculture Minister Muhammad Abdur Razzaque. The minister told...

ACI to set up new subsidiary company

ACI to set up new subsidiary company

FE Online Report 2019-09-27 18:27:21

Advanced Chemical Industries Ltd (ACI), a listed company with local bourses, has decided to set up a new subsidiary company named – ‘ACI Marine and Riverine Technologies Ltd’. The d...

Japan strong partner in delivery of SDGs: Dr Bhattacharya

Japan strong partner in delivery of SDGs: Dr Bhattacharya

FE Online Report 2019-09-27 17:58:40

Japan is a strong development partner in delivery of Sustainable Development Goals (SDGs) in Bangladesh, said Dr Debapriya Bhattacharya. The economist said it while delivering a lecture in Tokyo on "...

Ten companies account for 27pc transactions on DSE

Ten companies account for 27pc transactions on DSE

FE REPORT 2019-09-27 11:32:22

Ten most traded companies accounted for nearly 27 per cent of transactions on the prime bourse on Thursday, with the National Tubes bagging the top spot of the turnover chart. The state-run National...

Govt to address time lag for WB funds

Govt to address time lag for WB funds

FHM Humayan Kabir 2019-09-27 10:48:25

The government on Thursday requested the World Bank to finance eight projects, promising those to implement in time, officials said. They said most of the projects are at the take-off stage, pending...