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Mixed performance of six mutual funds

Mixed performance of six mutual funds

FE Report 2018-10-22 10:54:50

Some six closed-end mutual funds (MFs) have exhibited mixed performance for July-September, 2018 compared to same period of the previous year. During July-September, 2018 the earnings per unit (EPU...

BSECL to make smart prepaid meters

BSECL to make smart prepaid meters

FE Report 2018-10-22 10:51:26

A joint-venture smart prepayment meter-manufacturing firm-Bangladesh Smart Electrical Company Ltd (BSECL)-was established on Sunday. State-run West Zone Power Distribution Company Ltd (WZPDCL) and Ch...

Forex dealers call for cautious LC opening

Forex dealers call for cautious LC opening

Siddique Islam 2018-10-22 09:25:43

Bangladesh Foreign Exchange Dealers' Association (BAFEDA) will urge its member banks to be cautious about opening letters of credit (LCs) for import, considering the overall forex market situation. T...

Annual poverty reduction rate should reach 2.0pc: Muhith

Annual poverty reduction rate should reach 2.0pc: Muhith

FE Online Report 2018-10-21 21:16:32

Finance Minister Abul Maal Abdul Muhith has said the annual poverty reduction rate should reach 2.0 per cent to attain the government’s goal for eradicating poverty from the country. “Our...

DSE opens mixed

DSE opens mixed

FE Online Report 2018-10-21 12:21:41

The Dhaka Stock Exchange (DSE) was in a correction mood on Sunday morning as the major sectors performed mixed. DSEX, the broad index of the Dhaka bourse, stood at 5371.21 points with a loss of 0.19...

EPS of five companies up

EPS of five companies up

FE Report 2018-10-21 10:45:45

Some eight listed companies have disclosed their un-audited financial statements in last week for July-September (Q3), 2018. The earnings per share (EPS) of five companies marginally rose for July-Se...

Number of BO accounts remains unchanged

Number of BO accounts remains unchanged

FE Report 2018-10-21 10:19:15

The number of BO (Beneficiary Owner's) accounts remained almost static in last ten months due to reduced IPO (initial public offering) quota for general investors, stock brokers said. They said most...

Investors remain cautious, average turnover dips 34.50 per cent

Investors remain cautious, average turnover dips 34.50 per cent

FE Report 2018-10-20 10:55:10

The country's premier bourse witnessed moderate loss both in broad index and turnover as well amid 'nervy' trading. Selling spree was observed throughout the week as many investors opted to book prof...

'Poverty rate to come down to 10pc in next five years'

'Poverty rate to come down to 10pc in next five years'

-- 2018-10-19 20:42:31

Finance Minister Abul Maal Abdul Muhith has said poverty rate of Bangladesh would come down to 10 per cent if current government can get the mandate to govern the country for next five years. The min...

Aman Tex holds IPO road show

Aman Tex holds IPO road show

FE Report 2018-10-19 11:58:13

Aman Tex, a concern of Aman group, plans to go public by using the book building method to raise Tk 2.0 billion for its business expansion. The company held its IPO (initial public offering) road sho...

BB relaxes rules for intra-firm forex loans

BB relaxes rules for intra-firm forex loans

Siddique Islam 2018-10-19 10:06:30

The central bank has relaxed regulations for local industries in export processing and economic zones to get short term foreign currency loans from their sister concerns. Under the relaxed provision,...

‘Equilibrium’ champions in BICM contest

‘Equilibrium’ champions in BICM contest

FE Report 2018-10-18 10:17:08

Equilibrium, a team of students from finance department at Dhaka University, became champions in the Bangladesh Institute of Capital Market (BICM) Case Competition titled Invest Mastros. Fantastic...

Indo-Bangla Pharma's trading debut today

Indo-Bangla Pharma's trading debut today

FE Report 2018-10-18 10:08:56

The debut trading of Indo-Bangla Pharmaceuticals will take place on both the stock exchanges under 'N' category today (Thursday), according to the web posting of Dhaka Stock Exchange (DSE). The off...

Board meetings of 24 cos this month to declare div

Board meetings of 24 cos this month to declare div

FE Report 2018-10-18 10:00:36

At least 24 listed companies are scheduled to hold their board meetings this month to consider, among others, audited financial statements for the year ended on June 30, 2018. The meetings will be...

BD to push for connectivity, trade deals with Russia

BD to push for connectivity, trade deals with Russia

FHM Humayan Kabir 2018-10-18 09:40:53

Bangladesh will press for establishing direct connectivity and trade arrangements with Russia at an upcoming bilateral meeting in Moscow next week, officials said on Wednesday. Dhaka will also reques...

'Concentration on Dhaka hurting growth'

'Concentration on Dhaka hurting growth'

FE Report 2018-10-18 09:34:40

Excessive concentration of population and economic activities in Dhaka is impeding the growth of Bangladesh, experts cautioned at a seminar in the capital on Wednesday. The country's suburban areas,...

DSE shows mixed trend amid volatility

DSE shows mixed trend amid volatility

FE Online Report 2018-10-17 12:40:28

Dhaka bourse displayed volatility in broad index following mixed performance of major sectors. The market opened positively and soon later the broad index failed to continue the upward trend on Dha...

BRAC Bank strengthens financial and digital ecosystem

BRAC Bank strengthens financial and digital ecosystem

FE Report 2018-10-17 10:43:02

BRAC Bank has undertaken a number of projects aiming to become the best bank in Bangladesh using modern and world-class digital technologies by 2020, the bank's top executive has said. "We're now wor...

BSEC approves MF prospectus

BSEC approves MF prospectus

FE Report 2018-10-17 10:38:13

The securities regulator has approved the draft prospectus of Shanta Amanah Shariah Fund, an open-end mutual fund (MF). The approval came at a meeting at the office of the Bangladesh Securities and E...

BIMSTEC FTA: Dhaka differs with Delhi over rules of origin

BIMSTEC FTA: Dhaka differs with Delhi over rules of origin

Syful Islam 2018-10-17 09:42:17

Bangladesh has largely differed with India's proposal for the value addition requirement for 22 more products under the proposed BIMSTEC free trade area (FTA) agreement, officials said. The disagreem...

Bangladesh maintains steady progress in tackling hunger: GHI

Bangladesh maintains steady progress in tackling hunger: GHI

-- 2018-10-16 21:31:04

The country has maintained a steady progress in tackling hunger as it has improved position in the 2018 Global Hunger Index (GHI). According to the 2018 GHI, Bangladesh moved by two notches to 88th p...

BERC not to raise gas prices now

BERC not to raise gas prices now

-- 2018-10-16 19:49:18

Considering the present situation, Bangladesh Energy Regulatory Commission (BERC) has decided not to raise the gas prices. The BERC announced the decision at a press conference at its office in Dhaka...

Dhaka bourse creeps lower

Dhaka bourse creeps lower

FE Online Report 2018-10-16 13:22:14

Dhaka bourse declined marginally amid ups and downs observed on Tuesday. The market started the session with a positive note but shortly afterwards it failed to continue the upward trend. The majo...

IDLC net profit sees 1.0pc growth in Q3

IDLC net profit sees 1.0pc growth in Q3

FE Desk Report 2018-10-16 11:32:34

IDLC Finance Limited, reported net profit after tax of BDT 1,821.51 million in the first 9 months of 2018, posting a 1.0 per cent growth from the same period last year. Earnings per share (EPS) of th...

Mir Akhter holds IPO road show tomorrow

Mir Akhter holds IPO road show tomorrow

FE Report 2018-10-16 11:14:31

Mir Akhter Hossain Limited, a construction and engineering company, has moved to go public under the book building method. The company will raise a capital worth Tk 1.25 billion, said a release of...

BEZA to allot 30 acres of land to Berger

BEZA to allot 30 acres of land to Berger

FE Report 2018-10-16 11:08:38

Bangladesh Economic Zones Authority (BEZA) is set to allot 30 acres of land to Berger Paints Bangladesh Limited for expansion of its manufacturing facilities. A lease agreement in this regard is sc...

FDI inflow rises in BD amid global fall in Jan-Jun

FDI inflow rises in BD amid global fall in Jan-Jun

Asjadul Kibria 2018-10-16 10:20:28

The inflow of foreign direct investment (FDI) globally declined sharply in the first half of the current calendar year. The amount is estimated at $470 billion in the January-June period of 2018 whil...

BB relaxes terms on holding foreign loan collaterals

BB relaxes terms on holding foreign loan collaterals

FE Report 2018-10-16 10:12:24

The commercial banks are now allowed to hold collaterals on behalf of the on-resident lenders against external loans, availed by the state entities, without prior approval from Bangladesh Bank (BB)....

DSEX losses 28.62 point at midday

DSEX losses 28.62 point at midday

FE Report 2018-10-15 12:44:52

Dhaka bourse, the Dhaka Stock Exchange (DSE), started the Monday’s session with a down trend as losers took control over the gainers. The majors sectors including bank and financial instituti...

Top 10 traded cos capture 42pc market turnover

Top 10 traded cos capture 42pc market turnover

FE Report 2018-10-15 10:37:42

The top 10 turnover leaders on Sunday captured 41.95 per cent of the turnover featured by the Dhaka Stock Exchange (DSE). Three of the turnover leaders were also in the list of top 10 gainers. The...