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The Financial Express

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BSEC frames code of conduct for eligible investors

BSEC frames code of conduct for eligible investors

FE Report 2018-02-21 09:45:58

The securities regulator has set some code of conduct for eligible investors (EIs) in the bidding process to ensure 'justified' price of IPO (initial public offering) shares under the book building me...

Six-month extension to bring down ADR limit

Six-month extension to bring down ADR limit

FE Online Desk 2018-02-20 21:24:37

The central bank has extended time for banks by six months to bring down respective advanced deposit ratio (ADR) within the new limit declared on January 30. A Bangladesh Bank (BB) circular on Tuesda...

NBR to step up monitoring against tax-dodging

NBR to step up monitoring against tax-dodging

-- 2018-02-20 20:10:12

The National Board of Revenue (NBR) is intensifying monitoring to check tax-dodging at source NBR Chairman Md Mosharraf Hossain Bhuiyan came up with the statement while speaking at the opening of a w...

BB for keeping 1pc provision for unclassified housing loans

BB for keeping 1pc provision for unclassified housing loans

-- 2018-02-20 20:10:05

Bangladesh Bank (BB) has asked the chief executives of all scheduled banks to maintain one per cent general provision against all unclassified housing finance loans under consumer financing. The cent...

Utilise inland waterways to ease port’s container jam: Experts

Utilise inland waterways to ease port’s container jam: Experts

-- 2018-02-20 18:56:03

Speakers have put emphasis on long-term infrastructure investment plan and more use of inland waterways to reduce container jam in Chittagong port.  Dhaka Chamber of Commerce and Industry (DCCI)...

25 missions fail to meet export target

25 missions fail to meet export target

-- 2018-02-20 18:55:41

Twenty five Bangladesh missions, out of 57 missions in abroad, have failed to achieve their respective export target in the first half (H1) of the current fiscal year (2017-18). The missions, like Be...

New markets in focus to help RMG sector sustain

New markets in focus to help RMG sector sustain

FE Online Report 2018-02-20 18:55:35

New and potential markets must be explored for diversification and sustainability of RMG sector, said participants at a workshop on Tuesday. They also stressed for variety of readymade garment (RMG)...

Stocks slide again, GP plunges

Stocks slide again, GP plunges

FE Online Report 2018-02-20 15:56:07

Stocks witnessed yet another bearish session Tuesday, extending the losing streak for the four sessions in a row, as investors went on late hours selling spree. Market insiders said the bourses kept...

Alif Industries to set up new business units

Alif Industries to set up new business units

FE Online Report 2018-02-20 15:13:53

The board of directors of Alif Industries has decided to set up two new business units investing in Tk 4.0 billion. According to an official disclosure on Tuesday, the two planned units will include...

IDB to lend €94.7m for low-cost housing

IDB to lend €94.7m for low-cost housing

-- 2018-02-20 13:41:29

The Islamic Development Bank or IDB recently approved €94.7 million in loans for housing projects in rural Bangladesh. IDB approved the loan at its board meeting which took place in recent time,...

DSE, CSE open optimistic Tuesday

DSE, CSE open optimistic Tuesday

FE Online Report 2018-02-20 11:32:59

Stocks witnessed upward trend in early hour of trading on Tuesday as investors active on sector-wise stocks amid optimism. Brokers said investors are optimistic as the Dhaka bourse reconfirmed the Ch...

DSE board 'reconfirms' Chinese consortium bid

DSE board 'reconfirms' Chinese consortium bid

FE Report 2018-02-20 10:21:32

The board of directors of Dhaka Stock Exchange (DSE) has 'reconfirmed' its previous decision favouring the proposal of a Chinese consortium to become the strategic partner of the premier bourse. Afte...

Share price of two cos soaring sans PSI

Share price of two cos soaring sans PSI

FE Report 2018-02-20 10:13:33

Share price of two listed companies - Apex Foods and Metro Spinning are soaring without any price sensitive information (PSI) or any expansion plan. The prices of Apex Foods soared 32 per cent or Tk...

Understaffed, untidy RHD longs for setup recast

Understaffed, untidy RHD longs for setup recast

Munima Sultana 2018-02-20 09:50:21

Government's Roads and Highways Department (RHD) long awaits its planned restructuring through upgradation of its organogram for proper upkeep of country's underserved ways and highways. Officials sa...

Loan, not easy equity from EEF: Bangladesh Bank

Loan, not easy equity from EEF: Bangladesh Bank

Syful Islam 2018-02-20 09:36:16

The central bank now suggests providing loan instead of equity from the Equity and Entrepreneurship Fund (EEF) so the money can be recovered in the event of project failure, officials said. Such a re...

Metro rail spending meagre until December last

Metro rail spending meagre until December last

FHM Humayan Kabir 2018-02-20 00:21:07

Only 13 per cent of Bangladesh's maiden metro rail (MRT-6) project has been implemented, in terms of spending allocation, until December last, officials said Monday. They said state-owned Dhaka Mass...

Medicine export marks 29.69pc rise, fetches Tk 31.96b

Medicine export marks 29.69pc rise, fetches Tk 31.96b

-- 2018-02-19 22:03:28

Earnings from Bangladesh’s medicine export recorded 29.69 per cent rise in the calendar year 2017 compared to the previous year. Health and Family Welfare Minister Mohammad Nasim made the revel...

Stocks extend losing streak for 3rd day

Stocks extend losing streak for 3rd day

FE Online Report 2018-02-19 16:30:01

Stocks witnessed yet another bearish session Monday, extending the losing streak for the three consecutive sessions, as investors were mostly cautious to take fresh stake. Analysts said investors w...

Reliance Insurance recommends 25pc dividend

Reliance Insurance recommends 25pc dividend

FE Online Report 2018-02-19 12:06:37

The board of directors of Reliance Insurance Limited has recommended 15 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Monday....

Bourses witness upward trend in early trading

Bourses witness upward trend in early trading

FE Online Report 2018-02-19 11:35:21

Stocks witnessed upward trend in early hour of trading on Monday as investors remained active on sector-wise stocks amid ongoing dividend declarations session. Following the previous day’s sh...

'Doubling tax-GDP ratio essential to meet SDGs'

'Doubling tax-GDP ratio essential to meet SDGs'

FE Report 2018-02-19 11:25:29

Bangladesh ought to double its tax-GDP ratio from the current 10 per cent or miss the UN-mandated Sustainable Development Goals (SDGs), a leading economists forewarned, citing some recent target failu...

Auditor detects mismatches in PGCB annual report

Auditor detects mismatches in PGCB annual report

FE Report 2018-02-19 10:07:26

The auditor has identified mismatches in the financial statement of Power Grid Company of Bangladesh (PGCB) for the year ended on June 30, 2017. Following the mismatches, the auditor said on the basi...

Two power projects face scrapping?

Two power projects face scrapping?

FHM Humayan Kabir 2018-02-19 00:13:28

The government is in a quandary over whether or not to discard Tk8.56 billion-worth two power projects as the executing agency only bought cars but failed to start work in five years, officials said....

Upswing in institutional capacity a must for boosting trade: Rehman Sobhan

Upswing in institutional capacity a must for boosting trade: Rehman Sobhan

-- 2018-02-18 20:34:31

Country’s prominent economist Professor Rehman Sobhan has stressed the need for increasing institutional capacity and creating value chain for boosting regional trade in South Asia. "Regional...

Dr Aziz, Dr Mahbub get BB award for economic contribution

Dr Aziz, Dr Mahbub get BB award for economic contribution

FE Online Report 2018-02-18 20:19:29

The central bank has honoured Dr Azizur Rahman and Dr Mahbub Hossain (Posthumous) through the Bangladesh Bank Award-2017 in recognition of their contribution to the economy. Finance minister AMA Mu...

Stocks tumble as worries persist over strategic partner

Stocks tumble as worries persist over strategic partner

FE Online Report 2018-02-18 17:40:23

Stocks tumbled on Sunday, extending the losing streak for the second consecutive day, as investors sold shares in bulk amid growing tension over selection of strategic partner. Analysts said growing...

UK withdraws air cargo flight ban, Biman audit begins Monday

UK withdraws air cargo flight ban, Biman audit begins Monday

FE Online Report 2018-02-18 17:32:07

The United Kingdom (UK) has lifted ban on direct cargo flights from Bangladesh after nearly two years, excepting for state-owned Biman. The development comes as the Western country has expressed...

Stocks open lower amid slow trading activities

Stocks open lower amid slow trading activities

FE Online Report 2018-02-18 11:40:57

The prices of most of the shares on both bourses witnessed downward trend in early hour of Sunday trading as many investors followed cautious stance ahead of divided declarations. Following the last...

IPO subscription of Advent Pharma closes tomorrow

IPO subscription of Advent Pharma closes tomorrow

FE Report 2018-02-18 10:26:10

The IPO (initial public offering) subscription of Advent Pharma will close tomorrow (Monday). The company opened its IPO subscription on February 11. The Bangladesh Securities & Exchange Commiss...

DSE board backs China in brawls over market buy

DSE board backs China in brawls over market buy

Mohammad Mufazzal 2018-02-18 10:12:08

Dhaka Stock Exchange is expected to propose to the securities regulator for approving Chinese consortium's offer as it qualified in the bidding as the bourse's 'strategic partner', outbidding its chal...