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The Financial Express

Search results for: BAN

Non-payment of debt: Muhith slams BPC

Non-payment of debt: Muhith slams BPC

Syful Islam 2018-06-06 10:12:54

Finance Minister AMA Muhith expressed his deep annoyance at the Bangladesh Petroleum Corporation's (BPC's) failure to pay its debt to the government. "The BPC is violating both policy and rules conce...

BB asks banks to be diligent in loan disbursement

BB asks banks to be diligent in loan disbursement

FE Report 2018-06-06 09:26:21

The central bank has again directed the commercial banks to ensure that the loans they disburse are not diverted to uses other than the ones proposed originally, officials said on Tuesday. If any sor...

Education, healthcare, infrastructure will get priority in budget

Education, healthcare, infrastructure will get priority in budget

-- 2018-06-05 20:27:20

Healthcare, education and infrastructure development will get priority in the national budget for the financial year 2018-19 (FY19) to achieve sustainable development goals (SDGs). “The propose...

EBL approves 20pc cash dividend

EBL approves 20pc cash dividend

FE Online Desk 2018-06-05 16:20:00

Eastern Bank limited (EBL) has approves 20 per cent cash dividend for the year ending on December 31, 2017. The approval was given at its 26th annual general meeting (AGM) held at Police Convention...

Stocks spike into positive territory

Stocks spike into positive territory

FE Online Report 2018-06-05 14:51:49

Stocks spiked into positive territory, on Tuesday, snapping a six-day losing streak, as optimistic investors went on buying spree. Brokers said some investors showed their buying appetite on large-...

Baraka Power’s application to raise capital declined

Baraka Power’s application to raise capital declined

FE Online Report 2018-06-05 12:04:07

The securities regulator has turned down Baraka Power’s application to raise authorised capital through issuance of preference shares due to non-compliance of securities rules. The company fa...

DSE, CSE creep higher in early trading

DSE, CSE creep higher in early trading

FE Online Report 2018-06-05 11:41:45

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Tuesday as some investors are showing their buying appetite on sectors-wise stocks. Following the pr...

Low-cap cos' share prices continue to soar sans PSI

Low-cap cos' share prices continue to soar sans PSI

FE Report 2018-06-05 10:32:25

The share prices of some low-cap companies continued to soar 'abnormally' in a bearish market, despite having no price sensitive information (PSI). The share prices of Monno Jute Stafflers, Zeal Bang...

Skilled HR, tech-savvy banking help bring good returns for MTB

Skilled HR, tech-savvy banking help bring good returns for MTB

Mohammad Mufazzal 2018-06-05 10:17:26

Skilled human resources and tech-savvy banking products have yielded significant returns for Mutual Trust Bank (MTB) in the last consecutive five years. According to MTB top officials, eclectic and e...

Banking commission by this month: Muhith

Banking commission by this month: Muhith

FE Report 2018-06-05 10:08:02

Finance Minister AMA Muhith said on Monday the upcoming budget will see increase in taxes in a few areas as the national election looms. "The new taxes are a very few. The rate of increase will also...

Banks' provision shortfall swells by 18pc in Q1

Banks' provision shortfall swells by 18pc in Q1

FE Report 2018-06-05 10:03:49

Overall shortfall in provision against both classified and unclassified loans in the country's banking system swelled by nearly 18 per cent or Tk 11.91 billion in the first quarter (Q1) of the current...

Call to frame Islamic banking law

Call to frame Islamic banking law

FE Report 2018-06-05 09:52:08

The government should formulate a separate law to give Islamic banking a strong legal coverage, experts said on Monday. At the same time, Islamic banks in the country should look to introduce more Sh...

No new tax in upcoming budget, Muhith assures

No new tax in upcoming budget, Muhith assures

-- 2018-06-04 20:41:04

Finance Minister Abul Maal Abdul Muhith has said the government is not imposing any new tax in the upcoming national budget. “The good news is there is a very limited increase in tax rates. Hap...

Secondary trading of t-bills, bonds drops in April

Secondary trading of t-bills, bonds drops in April

FE Online Report 2018-06-04 18:52:14

Secondary trading of the treasury bills (t-bills) and treasury bonds (t-bonds) declined sharply in the month of April this year. Central bank statistics showed that total turnover of t-bills and t-bo...

Inflation rate drops slightly in May

Inflation rate drops slightly in May

FE Online Report 2018-06-04 16:54:21

The point-to-point inflation rate in the last month dropped to 5.57 per cent compared to that of 5.63 per cent in the previous month April, official data showed. Bangladesh Bureau of Statistic (BBS)...

Stocks give up initial gains

Stocks give up initial gains

FE Online Report 2018-06-04 15:03:10

Stocks gave up their earlier gains to turn lower, extending the losing streak for the sixth straight sessions, on Monday as investors continued their selling spree on sector specific stocks. The mark...

Q1 NPLs jump by 19pc to Tk 885.89b

Q1 NPLs jump by 19pc to Tk 885.89b

FE Report 2018-06-04 12:11:48

The volume of classified loans in the banking system jumped by more than 19 per cent or Tk 142.86 billion in the first quarter (Q1) of 2018 despite the central bank's close monitoring. The amount of...

Three cos’ share price rising sans PSI

Three cos’ share price rising sans PSI

FE Online Report 2018-06-04 11:47:32

Share prices of three companies – Monno Jute Stafflers, Alif Industries and Safko Spinning Mills—were rising despite having any price sensitive information (PSI). Despite the capital ma...

Markets open optimistic amid low trading

Markets open optimistic amid low trading

FE Online Report 2018-06-04 11:24:42

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading Monday as some investors are showing their buying appetite on sectors-wise stocks. Following the pre...

DSE sees Tk 2.83b net foreign fund withdrawal in May

DSE sees Tk 2.83b net foreign fund withdrawal in May

Babul Barman 2018-06-04 10:53:33

The net withdrawal of foreign funds invested in shares listed with the Dhaka Stock Exchange (DSE) hit Tk 2.83 billion (283 crore) in May last. The foreign investors were in a selling mood throughou...

Liberalise private foreign borrowing: Experts

Liberalise private foreign borrowing: Experts

-- 2018-06-04 10:43:12

Bangladesh should reform and liberalise its foreign currency borrowing regime to address the current liquidity shortage and attain its investment target, a leading think tank has said. At the same ti...

BSEC approves new rules

BSEC approves new rules

FE Report 2018-06-04 10:38:49

The securities regulator on Sunday approved the Bangladesh Securities and Exchange Commission (Substantial Share Acquisition, Takeover and Control) Rules 2018. The seal of approval was given at a mee...

Budgetary allocation for power and energy likely to dip

Budgetary allocation for power and energy likely to dip

-- 2018-06-03 18:37:38

Power and energy sector is likely to see a slashed budget allocation for the upcoming fiscal (FY19) compared to that of the previous fiscal (FY18) Tk 262.26 billion is likely to be allocated for the...

Remittance inflow jumps by 11pc ahead of Eid

Remittance inflow jumps by 11pc ahead of Eid

FE Online Report 2018-06-03 18:03:06

The flow of inward remittances jumped by more than 11 per cent in May over that of the previous month ahead of the Eid-ul-Fitr, officials said. The remittance inflow was estimated at $1.48 billion in...

DSEX dips to 16-month low on selling spree

DSEX dips to 16-month low on selling spree

FE Online Report 2018-06-03 17:06:55

Stocks extended the losing streak for the five straight sessions on Sunday, with key index of the major bourse dipping to 16 months low, as investors continued their selling spree on sector specific s...

Aman Cotton’s IPO subscription begins today

Aman Cotton’s IPO subscription begins today

FE Online Report 2018-06-03 12:20:44

The public subscription of Aman Cotton Fibrous has started today (Sunday) which will raise a capital worth Tk 800 million through book-building method. The initial public offering (IPO) subscription...

Stocks open positive amid volatility

Stocks open positive amid volatility

FE Online Report 2018-06-03 11:37:34

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading Sunday amid volatility as investors were seen active on both sides of the trading fence. Following t...

Draft amendment to MF rules remains shelved

Draft amendment to MF rules remains shelved

FE Report 2018-06-03 10:48:28

The securities regulator has not yet finalised the proposed amendment to the rules of mutual funds (MFs) despite it had approved a draft more than two and a half years ago. The Bangladesh Securitie...

Shurwid faces no bar to reduce paid-up capital

Shurwid faces no bar to reduce paid-up capital

Mohammad Mufazzal 2018-06-03 10:27:16

Shurwid Industries Limited would have no restriction to reduce its paid-up capital subject to the court's permission and compliance with the companies act, according to legal experts and officials. O...

Establish commission to speed up tax reform

Establish commission to speed up tax reform

FE Report 2018-06-03 10:22:50

Bangladesh needs major reforms in its tax and tariff scheme to stimulate growth and exports, a leading think-tank has said. To speed up the reform, the government should move to establish a tax refor...