The Financial Express

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Govt earnings from DSE fall 11pc in July

FE Report 2018-08-03 10:28:28

The government's revenue earnings from the Dhaka bourse fell 11 per cent year-on-year in July this year on the back of falling trade volume and value. Market insiders said the bearish market trend...

Internal audit dept to help recover loan: Study

FE Report 2018-08-03 10:20:24

Each bank has to establish a separate internal audit (IA) department, which will speed up the recovery of loan though legal measure, according to a study. The study, conducted by Bangladesh Institute...

Interest rate drops to single digit from Aug 9: Muhith

-- 2018-08-02 20:42:05

Finance Minister AMA Muhith has said the interest rate in the banking sector will come down to single digit from August 9. “The new initiative of the 6.0 per cent deposit rate and 9.0 per cent...

Investment proposals witness 11.89pc rise in FY18

-- 2018-08-02 18:56:46

The investment proposals from both local and foreign entrepreneurs increased by 11.89 per cent in the fiscal year 2017-18 (FY18). In FY18, Bangladesh Investment Development Authority (BIDA) received...

Stocks extend recovery rally

FE Online Report 2018-08-02 15:29:35

Stocks witnessed yet another bullish session on Thursday, extending the recovery rally for the third straight day, as investors continued their buying appetite on sector-wise stocks. Analysts said...

ADB provides $500m loan for 800MW power plant

FE Online Report 2018-08-02 14:37:31

The Asian Development Bank (ADB) has provided US$500 million loan to develop a state-of-the-art 800-megawatt (MW) power plant in Khulna. The fund will also be used for power transmission facilities...

City Bank declares H1 financial performance

FE Report 2018-08-02 13:17:37

City Bank recently presented its half yearly financial performance for the year 2018 through an 'Earnings Disclosure' webcast event held at the bank's head office, according to a statement. Existing...

ICB AMCL declares dividends on open-end MFs

FE Report 2018-08-02 13:10:33

The Trustee Committee of the five open-end mutual funds managed by ICB Asset Management Company Limited (AMCL) approved dividends for the fiscal year 2017-18. The unit holders, whose names appeared...

BSEC fines directors of two companies

FE Report 2018-08-02 13:05:50

The securities market regulator on Wednesday fined the directors of Delta Spinners and Bengal Fine Ceramics Tk 0.10 million each for breaching the securities rules. The capital market regulator imp...

Top 10 cos grab 26pc of DSE turnover

FE Report 2018-08-02 13:02:36

Top 10 traded companies captured more than 26 per cent transaction of the Dhaka bourse on Wednesday while BBS Cables dominating the chart. According to statistics available with the DSE, about 2.97...

Net foreign fund drops further at Dhaka bourse

FE Report 2018-08-02 12:54:57

The net foreign fund in the Dhaka Stock Exchange (DSE) remained negative in July, the fourth straight month, as the foreign investors remained reluctant to put fresh stakes. Analysts said overseas...

BRAC Bank registers 13pc profit growth in H1

FE Report 2018-08-02 11:24:29

BRAC Bank Limited recorded a growth of 13 per cent on consolidated profit after tax year-on-year (YoY) during the first half (January-June) of 2018, according to a statement. The bank reported a cons...

BIDA gets 11.89pc higher investment bids in FY 18

FE Report 2018-08-02 10:09:48

The amount involving the investment proposals with Bangladesh Investment Development Authority (BIDA) has increased by around 11.89 per cent during the last fiscal year (FY), 2017-18, according to its...

WB loans get costlier, its terms too

FHM Humayan Kabir 2018-08-02 09:27:39

Bangladesh will no longer eligible for concessional loan from the World Bank as it has started lending at 2.0 per cent rate. The Washington lender has made the higher rate effective from last month i...

Stocks end higher on buying spree

FE Online Report 2018-08-01 16:13:47

Stocks ended higher for the two consecutive sessions on Wednesday as investors continued their buying appetite on sector-wise stocks. Market insiders said investors’ enthusiasm sustained as loc...

Malaysia eyes Myanmar labourers as alternative to Bangladeshis

-- 2018-08-01 13:52:22

Malaysian factories are hiring Myanmar labourers directly, without charging them broker fees, because of a labour shortage, according to the Myanmar Overseas Employment Agencies Federation. “Em...

ICSB workshop on new Corporate Governance Code

FE Online Desk 2018-08-01 13:51:07

Institute of Chartered Secretaries of Bangladesh (ICSB) organised a workshop on Tuesday on the new ‘Corporate Governance Code’ and ‘Financial Reporting and Disclosures’notifica...

City Bank declares half yearly financial performance

FE Online Desk 2018-08-01 13:34:51

City Bank recently presented its half yearly financial performance for the year 2018 through an 'Earnings Disclosure' webcast event held at the Bank's head office. Existing and potential investors ac...

Sunlife Insurance recommends 2.0pc stock dividend

FE Online Report 2018-08-01 11:34:59

The board of directors of Sunlife Insurance Company has recommended only 2.0 per cent stock dividend for the year ended on 31 December 2017. The final approval will come during the annual general mee...

Bourses open optimistic after MPS

FE Online Report 2018-08-01 11:28:42

Stocks witnessed upward trend in early hour of trading on Wednesday as investors are showing buying appetite on sector-wise stocks after announcement of monetary policy. Bangladesh Bank on Tuesday...

Half of listed banks show lower EPS in H1

FE Report 2018-08-01 11:20:42

The earnings of half of the country's 30 listed banks declined during the first half of this year (H1) as compared to the same period of previous year, mainly due to increased non-performing loans (...

ICB declares Unit Fund dividend

FE Desk Report 2018-08-01 11:09:08

Investment Corporation of Bangladesh (ICB) has declared a dividend of Tk 40 per unit certificate of ICB Unit Fund for financial year (FY) 2017-18, according to a statement. The rate of dividend was...

UPGD leads DSE turnover chart

FE Report 2018-08-01 11:01:10

United Power Generation & Distribution Company (UPGD) dominated the Dhaka bourse's transaction chart while top ten traded companies accounted for about 28 per cent of the transaction on Tuesday...

Sonar Bangla Ins approves 10pc dividend

-- 2018-08-01 10:56:15

The 18th annual general meeting (AGM) of Sonar Bangla Insurance Limited was held at IDEB Bhaban in the city recently, according to a statement. The shareholders approved 10 per cent stock dividend (b...

Economists seem pitted against each other

Jasim Uddin Haroon 2018-08-01 09:58:01

Leading economists are divergent over the monetary policy stance of the central bank, with some seeing it as 'expansionary' while others call it 'contractionary'. Bangladesh Bank governor Fazle Kabir...

BB releases MPS aiming to spur growth, curb inflation

FE Report 2018-08-01 09:44:55

The central bank announced a new monetary policy statement (MPS) on Tuesday for promoting job-centric growth with a restraining approach to curb inflationary pressure on the economy. Bangladesh Ban...

BFIU finds evidence of Tk 40b capital flight

FE Report 2018-08-01 09:34:16

A group of businesses is reported to have been involved in capital flight amounting to Tk 40 billion in disguise of imports and exports. Bangladesh Financial Intelligent Unit (BFIU) has discovered...

Cooperation within South Asia very important for development: Muhith

FE Online Report 2018-07-31 20:31:14

Finance Minister AMA Muhith on Tuesday said cooperation within South Asian countries is very important for this region to develop including Bangladesh. “South-south cooperation is very importan...

Yield rates of long-term treasury bonds up in FY18

FE Online Report 2018-07-31 16:57:02

Average yield rates of the long-term treasury bonds (T-bonds) increase modestly in the past fiscal year. Latest statistics released by the central bank showed that weighted average yield rate of 10-Y...

Stocks break five-day losing streak

FE Online Report 2018-07-31 16:04:11

Stocks back to the green on Tuesday, snapping a five-day losing streak, as investors showed on buying spree on sector-wise stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up b...