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The Financial Express

Search results for: BAN

Shasha gets BB nod to remit acquired money to EOS Textile

Shasha gets BB nod to remit acquired money to EOS Textile

FE Online Report 2019-08-22 15:02:02

The Shasha Denims has received the Bangladesh Bank’s permission to remit EOS Textile Mills the acquired money amounting to Tk 1.11 billion, said an official disclosure on Thursday. The centra...

Tenure of six more MFs extended for another 10 yrs

Tenure of six more MFs extended for another 10 yrs

FE Online Report 2019-08-22 12:15:39

The tenure of six more closed-end mutual funds, managed by LR Global Bangladesh Asset Management Company, has been extended for another 10 years each, according to an official disclosure on Thursday....

DSE, CSE witness upward trend in early trading

DSE, CSE witness upward trend in early trading

FE Online Report 2019-08-22 11:41:46

The prices of most of the shares on both bourses witnessed an upward trend in early hour of trading on Thursday as investors were showing their buying appetite on sector-wise issues. Following the pr...

Govt borrows Tk 230b from banks in 35 days

Govt borrows Tk 230b from banks in 35 days

Siddique Islam 2019-08-22 10:57:56

The government borrowed nearly Tk 230 billion from the country’s banking system in the first 35 days of the current fiscal year (FY), 2019-20, to finance its budget deficit partly, officials sai...

BIDA launches massive hunt for entrepreneurs

BIDA launches massive hunt for entrepreneurs

-- 2019-08-21 21:19:20

The Bangladesh Investment Development Authority  (BIDA) has launched an innovative campaign across the country to bring out potential entrepreneurs for fostering investments and generating jobs....

Stocks slip into red after choppy session

Stocks slip into red after choppy session

FE Online Report 2019-08-21 16:08:16

Stocks slipped into the red on Wednesday, snapping a four-day gaining streak, as investors booked some profits on sector-wise shares. Market analysts said some investors preferred booking profit on s...

Bourses open with gains

Bourses open with gains

FE Online Report 2019-08-21 11:18:07

The prices of most of the shares on both bourses witnessed an upward trend in early hour of trading on Wednesday as investors were showing their buying appetite on sector-wise issues. Following the p...

Inflation inches up in July

Inflation inches up in July

FE Report 2019-08-21 10:07:08

The country's point-to-point inflation was recorded at 5.62 per cent in July, the first month of the current fiscal year (FY), 2019-20, showing a rising trend, according to official data. In July...

Stocks end flat amid cautious trading

Stocks end flat amid cautious trading

FE Online Report 2019-08-20 16:28:55

Stocks ended almost flat on Tuesday after volatile trading as investors booked some profits with cautious positioning. Market analysts said some investors preferred booking profit on stocks that saw...

Confidence Power Rangpur starts commercial operation

Confidence Power Rangpur starts commercial operation

FE Online Report 2019-08-20 12:40:23

The Confidence Power Rangpur Ltd, a 99 per cent subsidiary of Confidence Power Holdings Ltd, has started commercial operation from August 12, said an official disclosure on Tuesday. The Confidence Po...

Stocks open higher on both bourses

Stocks open higher on both bourses

FE Online Report 2019-08-20 11:44:29

The prices of most of the shares on both bourses witnessed an upward trend in early hour of trading on Tuesday as investors continued their buying appetite on sector-wise issues. Following the previo...

Many general insurance companies witness EPS rise in Jan-June

Many general insurance companies witness EPS rise in Jan-June

FE Report 2019-08-20 11:27:57

The earnings of most of the listed general insurance companies rose in the first half (H1) of 2019 compared to that of the corresponding period of last year. According to un-audited financial stateme...

$500m infrastructure investment fund likely

$500m infrastructure investment fund likely

Syful Islam 2019-08-20 10:47:03

A US$500 million fund is likely to be created with contributions from the government, bourses, banks and financial institutions to invest in various infrastructures, officials said. The private s...

FY'19 trade gap narrows

FY'19 trade gap narrows

Asjadul Kibria 2019-08-20 09:44:49

The country's merchandise trade deficit with the rest of the world narrowed in the past fiscal year (FY'19), despite slight rise in imports, the central bank said on Monday. The latest statistics sho...

Stocks keep gaining, turnover soars 49pc

Stocks keep gaining, turnover soars 49pc

FE Online Report 2019-08-19 16:54:23

Stocks posted a marginal gain for the third straight session on Monday as optimistic investors continued their buying binge on June-closing shares. DSEX, the prime index of the Dhaka Stock Exchange (...

Stocks witness gains in early trading

Stocks witness gains in early trading

FE Online Report 2019-08-19 11:31:50

The prices of most of the shares on both bourses witnessed an upward trend in early hour of trading on Monday as investors were showing their buying appetite on sector-wise issues. Following the prev...

Stocks post a modest gain after nine-day Eid vacation

Stocks post a modest gain after nine-day Eid vacation

FE Online Report 2019-08-18 16:00:50

Stocks posted a modest gain on Sunday, the first trading session after a nine-day Eid holiday, as investors were active on sector specific shares. Trading and official activities on the bourses remai...

Korea keen to invest in 10 PPP projects

Korea keen to invest in 10 PPP projects

Munima Sultana 2019-08-18 10:21:12

Korea has shown interest to invest in 10 public-private partnership (PPP) projects in the aviation, rail and power sectors under government-to-government arrangements. However, Bangladesh sought...

MNCs rule the roost in distributing dividends

MNCs rule the roost in distributing dividends

FE Report 2019-08-18 10:07:41

The listed multinational companies (MNCs) have continued their dominance in distributing dividends. The MNCs were the majority in the chart of top 20 listed companies which distributed dividends for...

Farmers, economy face onslaught

Farmers, economy face onslaught

Sajibur Rahman 2019-08-17 17:25:15

Outbreak of severe foot and mouth disease (FMD) of cattle across the country has been severely causing immense economic loss to the farmers as it is increasing drastically year-on-year basis, accordin...

Trading on DSE, CSE resumes tomorrow

Trading on DSE, CSE resumes tomorrow

FE Report 2019-08-17 11:02:54

Trading and official activities on both the bourses of the country will resume tomorrow (Sunday) after a nine-day Eid-ul-Azha holiday, officials said. Trading hours on the Dhaka Stock Exchange (DSE)...

Berger Paints posts steady growth in revenue, profitability

Berger Paints posts steady growth in revenue, profitability

Babul Barman 2019-08-17 10:59:07

Berger Paints Bangladesh Limited witnessed a consistent growth in revenue and profitability, registering a net profit growth of 16.84 per cent for the year ended on March 31, 2019. The multinational...

Tk 4.95b farm loans of six SoBs stuck in court cases

Tk 4.95b farm loans of six SoBs stuck in court cases

FE Report 2019-08-17 10:51:42

At least Tk 4.95 billion (495 crore) of six state-owned banks (SoBs) remained stuck against 157,273 cases filed to recover the money from farm loan borrowers, statistics show. Between January 1991 an...

Govt moves to allow all banks to handle Challan transactions

Govt moves to allow all banks to handle Challan transactions

Jasim Uddin Haroon 2019-08-17 10:15:51

All the 59 commercial banks are likely to be allowed to handle "challan" that serves as the biggest instrument of submitting money to the public exchequer. The Finance Division, which has been work...

Most NBFIs see EPS decline in H1

Most NBFIs see EPS decline in H1

FE Report 2019-08-16 11:24:16

Most listed non-bank financial institutions (NBFIs) have witnessed their earnings per share (EPS) decline in the January-June period of this year, compared to the same period of the previous year....

10 firms account for 45pc market-cap of DSE

10 firms account for 45pc market-cap of DSE

FE Report 2019-08-16 11:20:25

Ten listed companies accounted for 45 per cent of total market capitalisation of the Dhaka Stock Exchange (DSE) as of June this year, thanks to their strong performance. Grameenphone (GP), the lone...

Govt drafts policy to curb FDI in tobacco industry

Govt drafts policy to curb FDI in tobacco industry

Syful Islam 2019-08-16 10:46:46

The government is planning to restrict foreign direct investments (FDI) in the tobacco sector so that the supply of the harmful elements can be curtailed, officials said. The draft National Tobacco C...

WB suggests exploring new lending option

WB suggests exploring new lending option

FHM Humayan Kabir 2019-08-16 10:39:59

The World Bank (WB) has suggested Bangladesh avail new funding opportunity -- 'credit guarantee' -- for financing the country's development projects, officials said. Borrowing money for the credit gu...

Over 90pc businesses risk losing BINs

Over 90pc businesses risk losing BINs

Doulot Akter Mala 2019-08-16 10:36:41

Some 150,000 businesses accounting for over 90 per cent risk losing identification numbers for the non-compliance with the revenue board's directive to update their VAT registration information within...

Remittance inflow reaches $716m in nine days before Eid

Remittance inflow reaches $716m in nine days before Eid

-- 2019-08-15 21:59:48

Expatriate Bangladeshis have sent home an increased amount of money home before the Eid-ul-Azha, taking the figure in the first nine days of August to $716.2 million. Bankers also believe the governm...