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The Financial Express

Search results for: BAN

'Bangladesh now out of Sino-Indian shadow'

'Bangladesh now out of Sino-Indian shadow'

FE Report 2019-03-13 09:43:50

Lauding Bangladesh's tremendous economic progress, the US ambassador in Dhaka said on Tuesday it has come out of the shadow of both China and India. The South Asian nation is playing a bigger role in...

BD assigns lawyer to deal with case in Manila

BD assigns lawyer to deal with case in Manila

Siddique Islam 2019-03-13 09:26:02

Bangladesh has assigned a lawyer to look into all legal issues including a defamation suit filed by the Manila-based Rizal Commercial Banking Corporation (RCBC) recently against the country's central...

Nakshipalli project, five others get ECNEC nod

Nakshipalli project, five others get ECNEC nod

-- 2019-03-12 19:29:17

The government has decided to initiate a project with the aim to enhance facilities for Nakshi entrepreneurs, handloom and handicraft workers. To this end, the Executive Committee of National Economi...

BSEC approves Tk 1.50b IPO of Ring Shine Textiles

BSEC approves Tk 1.50b IPO of Ring Shine Textiles

FE Online Report 2019-03-12 17:49:51

The securities regulator has approved the initial public offering (IPO) proposal of Ring Shine Textiles to raise a capital worth Tk 1.50 billion from the capital market. The Bangladesh Securities a...

Stocks edge lower as banks keep losing

Stocks edge lower as banks keep losing

FE Online Report 2019-03-12 16:13:55

Stocks extended the losing streak for the second day in a row on Tuesday as investors continued to sell banks shares ahead of earnings and dividend declarations. Market analysts said risk-averse inve...

RCBC sues BB over reserve heist claim

RCBC sues BB over reserve heist claim

-- 2019-03-12 13:49:34

A Philippine bank has filed a lawsuit accusing Bangladesh’s central bank of defamation, hitting back at what it says are baseless claims of its complicity in the world’s biggest cyber heis...

Stocks mostly positive in early trading

Stocks mostly positive in early trading

FE Online Report 2019-03-12 11:59:40

The prices of most of the shares on both bourses witnessed a positive trend in early trading on Tuesday as some investors were showing their buying spree on sector-wise issues. Following the previous...

BATBC recommends 500pc cash, 200pc stock dividend

BATBC recommends 500pc cash, 200pc stock dividend

FE Online Report 2019-03-12 11:21:13

The board of directors of British American Tobacco Bangladesh Company (BATBC) has recommended 500 per cent cash and 200 per cent dividend for the year ended on December 31, 2018, said an official disc...

European markets now open for ACME Lab

European markets now open for ACME Lab

FE Report 2019-03-12 11:13:45

ACME Laboratories has received the certificate of GMP compliance from UK MHRA (Medicines and Healthcare Products Regulatory Agency of UK). ACME Laboratories, the country's oldest pharmaceuticals comp...

BOP posts $975m deficit in seven months

BOP posts $975m deficit in seven months

FE Report 2019-03-12 09:38:07

The country's overall balance of payments (BOP) registered a $975-million deficit during the July-January period of fiscal year (FY) 2018-19. The amount is $59 million less than the $1,034-million de...

BD earned $514m by exporting fish in FY18: Minister

BD earned $514m by exporting fish in FY18: Minister

-- 2019-03-11 18:51:14

State Minister for Fisheries and Livestock Md Ashraf Ali Khan Khasru on Monday said the country earned around US$ 514 million by exporting fish and fisheries items during the fiscal year (FY) 2017-18....

Stocks slip back to red after volatile trading

Stocks slip back to red after volatile trading

FE Online Report 2019-03-11 16:29:22

The prime index of the Dhaka Stock Exchange (DSE) dipped below 5700-mark again on Monday, after a single-day break, as risk-averse investors sold shares on sector-wise shares. Market analysts said in...

Meghna Cement to issue preference shares

Meghna Cement to issue preference shares

FE Online Report 2019-03-11 12:24:15

The board of directors of Meghna Cement has decided to issue preference shares to its existing sponsor directors/directors, said an official disclosure on Monday. Earlier on August 13, 2018, the comp...

Tax receipts from DSE slump 29pc in February

Tax receipts from DSE slump 29pc in February

Babul Barman 2019-03-11 09:32:40

The government revenue earnings from the Dhaka Stock Exchange (DSE) dipped 29 per cent month-on-month in February in lockstep with falling turnover. The government collected revenue worth Tk 232 mi...

Macroeconomic indicators satisfactory in Q1: Finance minister

Macroeconomic indicators satisfactory in Q1: Finance minister

-- 2019-03-10 20:46:44

The country’s macro-economic indicators; including export earning, remittance and foreign exchange reserve; were satisfactory in the first quarter (July-September) of the current fiscal (2018-19...

DSEX crosses 5,700-mark after four-day

DSEX crosses 5,700-mark after four-day

FE Online Report 2019-03-10 19:17:09

Stocks posted a marginal gain on Sunday as some investors showed their buying appetite on sector specific issues. Market analysts said following the news that banks got another six months to lower th...

SK Trims to invest Tk 35m in two cos

SK Trims to invest Tk 35m in two cos

FE Online Report 2019-03-10 13:45:30

The board of directors of SK Trims & Industries has decided to invest Tk 35 million in two unlisted companies, said an official disclosure on Sunday. As per the board decision, the company will i...

VFS Thread sets up new machinery from IPO fund

VFS Thread sets up new machinery from IPO fund

FE Online Report 2019-03-10 12:46:36

The VFS Thread Dyeing has informed that it utilised 100 per cent of its IPO fund and successfully implemented the set-up of new machinery. Last year, the company raised a capital worth Tk 220 million...

Stocks open week on optimistic note

Stocks open week on optimistic note

FE Online Report 2019-03-10 11:27:52

The prices of most of the shares on both the bourses witnessed a positive trend in early trading on Sunday as investors were showing their buying appetite on sector-wise shares. Following the previou...

BBS Cables posts steady revenue growth in 5 yrs

BBS Cables posts steady revenue growth in 5 yrs

FE Report 2019-03-10 10:32:48

BBS Cables witnessed a steady growth in revenue earning, net profit and earnings per share in last five consecutive years through 'effective cost management. For the year ended on June 30, 2018, the...

BD 39th among 50 economies in EM Logistics Index

BD 39th among 50 economies in EM Logistics Index

Mehdi Musharraf Bhuiyan 2019-03-10 09:56:43

A weak regulatory framework and poor corruption prevention measures are undermining Bangladesh's potential as a big logistics market, says a new global report. At the same time, factors such as polit...

NBR set to ease tax refund over excess payment

NBR set to ease tax refund over excess payment

Doulot Akter Mala 2019-03-10 09:37:35

Marginal taxpayers are set to get a maximum refund of Tk 25,000 directly from the taxmen in case they pay in excess of the payable amount. The move came after a National Board of Revenue (NBR) commit...

Investors active to hit the jackpot

Investors active to hit the jackpot

FE Report 2019-03-10 09:29:56

Around 220,766 new BO accounts were opened in the past seven months as investors were more confident in pouring funds into the primary market rather than the secondary one. Market analysts welcomed t...

Banks to provide 20pc of total loans to SMEs: Governor

Banks to provide 20pc of total loans to SMEs: Governor

-- 2019-03-09 20:56:26

Bangladesh Bank Governor Fazle Kabir has said all banks have been instructed to provide at least 20  per cent of their total loans to small and medium-sized enterprises (SMEs). The BB governor a...

'Skilled manpower necessary to boost remittance volume'

'Skilled manpower necessary to boost remittance volume'

-- 2019-03-09 19:55:12

Foreign Minister Dr A K Abdul Momen has said the concerned ministries and institutions should provide necessary skill training to the workforce intending to go abroad for giving a boost to the country...

Skill and technical capacity dev a must to make Delta Plan a success

Skill and technical capacity dev a must to make Delta Plan a success

-- 2019-03-09 14:24:30

International Business Forum of Bangladesh (IBFB) organised a seminar on Delta Plan in its Tajgaon Office recently. The seminar was chaired by IBFB President Humayun Rashid, where eminent educati...

Jt body reviews progress of Rooppur nuclear power plant

Jt body reviews progress of Rooppur nuclear power plant

FE Online Desk 2019-03-09 13:54:07

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CPD dialogue on power and energy sector on March 10

CPD dialogue on power and energy sector on March 10

FE Online Desk 2019-03-09 13:37:15

Centre for Policy Dialogue (CPD) will hold a dialogue titled Power and Energy Sector: Immediate Issues and Challenges March 10. Mr Nasrul Hamid, MP, State Minister, Ministry of Power, Energy...

Weekly analysis: Stocks extend loss amid liquidity shortage

Weekly analysis: Stocks extend loss amid liquidity shortage

Babul Barman 2019-03-09 10:13:02

Stocks ended lower for the sixth straight weeks that ended Thursday amid dull trading as investors continued their selling binge on sector-wise shares. Market analysts said majority investors were re...

Budget deficit grows in Q2 as revenue income tumbles

Budget deficit grows in Q2 as revenue income tumbles

Jasim Uddin Haroon 2019-03-09 09:14:53

The budget deficit widened to over Tk 162 billion during the second quarter (Q2) to December of the fiscal year, as increasing government spending overshot revenue earnings, according to an official d...