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The Financial Express

Search results for: Bangla

Three Z-category cos share price soaring sans price sensitive info

Three Z-category cos share price soaring sans price sensitive info

FE Report 2018-02-13 10:50:28

Share price of three Z-category companies -- Beximco Synthetics, Sonargaon Textile and Information Services Networks - are soaring without any price sensitive information (PSI). In the last three mon...

New railway workshop to serve cross-border train corridor

New railway workshop to serve cross-border train corridor

FHM Humayan Kabir 2018-02-13 10:17:25

The government will establish Bangladesh's third railway workshop in Rajbari to provide backward-linkage service to cross-border train communications through Padma Bridge. Officials said Monday passe...

Govt offices owe power cos Tk 13b in unpaid bills

Govt offices owe power cos Tk 13b in unpaid bills

Syful Islam 2018-02-13 10:00:59

Power division has sought finance authorities' intervention to realise some Tk 13.83 billion in unpaid electricity bills from state entities, officials said, as recovery efforts failed. Officials sai...

Demutualisation of DSE draws scathing criticism

Demutualisation of DSE draws scathing criticism

FE Report 2018-02-13 09:40:08

Probe-body chief Khondoker Ibrahim Khaled said Monday a "powerful vested quarter", consisting of 200 persons, were behind the collapse of the stock-market and they still dictate terms. There is a "...

Lengthy IPO process hurting capital market

Lengthy IPO process hurting capital market

UNB 2018-02-12 23:06:44

Entrepreneurs are borrowing money from banks due the lengthy process of fixed pricing and book building in Initial Public Offering (IPO) system for withdrawing money from the share market. Researcher...

Income tax collection witnesses 12.6pc growth in seven months

Income tax collection witnesses 12.6pc growth in seven months

-- 2018-02-12 22:10:13

Income tax collection marked a 12.6 per cent growth in the first seven months of the current fiscal (FY18). Revenue authorities collected Tk 327.55 billion in FY18 some Tk 35.95 billion more from tha...

$20m ADB loan to support textile, garment sectors

$20m ADB loan to support textile, garment sectors

FE Online Report 2018-02-12 20:23:33

The Asian Development Bank (ADB) will provide US$20 million loan to the country’s private sector in a bid to support textile and clothing industries. The Manila-based lender on Monday signed a...

Bourses retreat on profit booking

Bourses retreat on profit booking

-- 2018-02-12 17:35:08

Bourses broke two-day gaining streak on Monday as cautious investors sold shares to bag profit on quick gaining stocks. Market operators said investors booked quick-profit on large-cap sectors - espe...

Capital market to remain ‘moderately bullish’ in 2018

Capital market to remain ‘moderately bullish’ in 2018

FE Report 2018-02-12 15:42:54

The capital market will remain moderately bullish in 2018, but local political instability will be the risk factor for the capital market this year, according to a recent survey of a leading stockbrok...

Green Delta Insurance recommends 20pc dividend

Green Delta Insurance recommends 20pc dividend

FE Online Report 2018-02-12 13:03:08

The board of directors of Green Delta Insurance has recommended 20 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday. The final approval will come...

Stocks fail to hold gains at midday

Stocks fail to hold gains at midday

FE Online Report 2018-02-12 12:27:05

Stocks on both bourses failed to maintain positive trend at midday on Monday as cautious investors went on booking quick-profit on sector-wise issues. Following the previous day’s sharp rise, t...

Stocks mostly higher on buying spree

Stocks mostly higher on buying spree

FE Online Report 2018-02-12 11:50:40

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Monday as investors showed their buying appetite on large-cap stocks. Market operators said investors...

Metro-rail depot land development ends a year before deadline

Metro-rail depot land development ends a year before deadline

Munima Sultana 2018-02-12 00:34:34

Metro-rail depot land development work to set up necessary infrastructures at Uttara 3rd phase in the city has come to an end a year before its deadline, officials said. They said it has been finishe...

Enhanced data repository to reduce cost of businesses

Enhanced data repository to reduce cost of businesses

Mehdi Musharraf Bhuiyan 2018-02-12 00:33:08

Bangladesh should develop an enhanced digital data repository for its citizens to facilitate quick, automated bank account opening and to expedite other financial service delivery, a top global banker...

ADP witnesses 33.35pc rise in FY18

ADP witnesses 33.35pc rise in FY18

-- 2018-02-11 21:41:54

The implementation rate of the Annual Development Programme (ADP) in first seven months of the current fiscal witnessed a 33.35 per cent rise. As per latest Implementation Monitoring and Evaluation D...

Better infrastructural platform will improve ‘Doing Business’ ranking

Better infrastructural platform will improve ‘Doing Business’ ranking

FE Online Report 2018-02-11 20:48:29

DCCI on Sunday laid emphasis on creating infrastructure platform for entrepreneurs to carry on their operations smoothly and improve the country’s ‘Doing Business’ ranking. DCCI chi...

Mahbub ul Alam promoted to MD of IBBL

Mahbub ul Alam promoted to MD of IBBL

FE Online Desk 2018-02-11 20:22:39

Md Mahbub ul Alam has been promoted to the Managing Director (MD) and CEO of Islami Bank Bangladesh Limited (IBBL). Bangladesh Bank, regulator of banking sector, formally approved the appointment fol...

Imports register 9.0pc growth in H1

Imports register 9.0pc growth in H1

FE Online Report 2018-02-11 19:53:17

Country’s overall imports marked more than 9.0 per cent growth or US$2.07 billion rise in the first-half (H1) of the current fiscal year (FY 18). Officials apprised this to higher import of foo...

Stocks rebound strongly as political tension eases

Stocks rebound strongly as political tension eases

FE Online Report 2018-02-11 17:06:08

Stocks rebounded strongly on Sunday after recent bearish mood as optimistic investors went on buying spree - especially riding on banking and telecommunication issues. Analysts said investors became...

Country clocks self-sufficiency in fish, meat production

Country clocks self-sufficiency in fish, meat production

FE Online Report 2018-02-11 14:34:04

The country for the first time in its history has attained self-sufficiency in fish and meat production. The fisheries ministry sources say the fish production target for 2016-17 was set at 4.05 mill...

DSEX exceeds 6,000-mark in early trading

DSEX exceeds 6,000-mark in early trading

FE Online Report 2018-02-11 11:21:47

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Sunday as investors showed their buying appetite on large-cap stocks. Brokers said investors became op...

DSE board endorses Chinese consortium as strategic partner

DSE board endorses Chinese consortium as strategic partner

FE Report 2018-02-11 10:27:40

The board of directors of the Dhaka Stock Exchange (DSE) has approved the proposal coming from a consortium of two Chinese stock exchanges - Shenzhen Stock Exchange and Shanghai Stock Exchange to be a...

Liquidity shortage hits ICB as banks withdraw deposits

Liquidity shortage hits ICB as banks withdraw deposits

Rezaul Karim 2018-02-11 10:18:25

The Investment Corporation of Bangladesh (ICB) has sought assistance of the Financial Institution Division (FID) of the Ministry of Finance to help meet its liquidity shortage. The Corporation has...

Govt to borrow another $450m hard-term WB loan

Govt to borrow another $450m hard-term WB loan

FHM Humayan Kabir 2018-02-11 09:53:25

Bangladesh is poised to borrow $450 million worth of loan from the Scale-up Facility Fund (SUF) of the World Bank (WB) soon, accepting the terms and conditions almost identical to those of the Bank's...

LTU-VAT collection marks 19pc growth

LTU-VAT collection marks 19pc growth

-- 2018-02-10 22:09:33

Collection of revenue under Large Taxpayer Unit (LTU) of Value Added Tax (VAT) has witnessed a staggering 19 per cent growth in first six months of fiscal 2017-18. LTU collection reached Tk 198.74 bi...

Advent Pharma’s IPO subscription begins today

Advent Pharma’s IPO subscription begins today

FE Online Report 2018-02-10 17:51:53

Advent Pharma limited is set to begin its initial public offering (IPO) subscription on Sunday which will raise a capital worth Tk 200 million from the public. The subscription for shares of the anim...

Over 80,000 get overseas job in Jan

Over 80,000 get overseas job in Jan

-- 2018-02-10 17:29:27

Over eighty thousand Bangladeshi people have got overseas job January 2018, according to an official of the Ministry of Expatriates' Welfare and Overseas Employment. With this fresh 81,846 people,...

Govt accounting of assets, liabilities on 'accrual' basis fails

Govt accounting of assets, liabilities on 'accrual' basis fails

Jasim Uddin Haroon 2018-02-10 10:35:40

A government move to convert its fiscal accounting to "accrual" system fails to sail through in eight years and, under the circumstances, the country does not get a realistic picture of transactions a...

Most banks not using risk tools

Most banks not using risk tools

Mehdi Musharraf Bhuiyan 2018-02-10 10:06:54

Almost two-third of the country's banking entities are not using risk tools in their decision making procedure, according to a recent survey conducted on the chief risk officers (CROs) of the banking...

BD seeks $ 1.37b from India for three projects under LoC-III

BD seeks $ 1.37b from India for three projects under LoC-III

FHM Humayan Kabir 2018-02-10 09:57:42

Dhaka sent three project proposals to New Delhi recently for getting endorsement of receiving nearly US$1.37 billion fund from the third phase of India's US$4.5 billion Line of Credit (LoC-III), offic...