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IPDC Finance declares 10pc cash, 5.0pc stock dividend

IPDC Finance declares 10pc cash, 5.0pc stock dividend

FE DESK REPORT 2020-05-12 09:51:09

The 38th Annual General Meeting (AGM) of IPDC Finance Ltd was virtually held on Monday through a video conferencing. The company declared 10 per cent cash and 5.0 per cent stock dividend for the year...

Resumption of trading during lockdown depends on BSEC, says DSE

Resumption of trading during lockdown depends on BSEC, says DSE

FE REPORT 2020-05-12 09:46:09

The Bangladesh Securities and Exchange Commission (BSEC) is unable to deliver its decision required to resume the trading on the bourses as the regulatory body cannot hold its commission meeting due t...

Standard Bank's net profit jumps 243pc in Q1

Standard Bank's net profit jumps 243pc in Q1

FE Report 2020-05-12 09:45:03

The net profit of Standard Bank surged 243 per cent year-on-year to nearly Tk 365 million in the first quarter (Q1) for January-March, 2020 despite ongoing Covid-19 pandemic. The board of directors o...

BRAC Bank net profit rises to BDT 5,646m in 2019

BRAC Bank net profit rises to BDT 5,646m in 2019

FE Online Desk 2020-05-12 00:42:51

As the nation-wide COVID-19 shutdown continues, BRAC Bank held its earning disclosure for financial year 2019 through an online virtual platform. Local and foreign investment analysts, media profes...

BB asks banks not to disburse cash dividend till Sept 30

BB asks banks not to disburse cash dividend till Sept 30

-- 2020-05-11 22:00:29

Bangladesh Bank (BB) has asked the banks not to disburse cash dividend till September 30 with an aim to boost the fund flow in the banking system during the coronavirus outbreak. The central bank on...

Global stocks rise as more economies emerge from lockdown

Global stocks rise as more economies emerge from lockdown

REUTERS 2020-05-11 14:08:59

Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick-up in new coronavirus cases. Europea...

Govt to fulfill vacancies of top officials at BSEC

Govt to fulfill vacancies of top officials at BSEC

Mohammad Mufazzal 2020-05-11 10:29:50

The government will fulfill the vacancies of the top officials at the securities regulator timely to avoid disruptions in the operations of regulatory affairs. A top official of the financial institu...

DSE, CSE make donations to PM’s relief fund

DSE, CSE make donations to PM’s relief fund

FE Online Report 2020-05-10 20:13:55

Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) have donated Tk 10 million and Tk 2.50 million respectively to the Prime Minister’s Relief and Welfare Fund to help fight the C...

LafargeHolcim's net profit surges 46pc in quarter one

LafargeHolcim's net profit surges 46pc in quarter one

FE Report 2020-05-09 09:56:14

LafargeHolcim Bangladesh's net profit surged 46 per cent year-on-year to Tk 522.8 million in the first quarter for January-March, 2020 despite ongoing Covid-19 pandemic. The board of directors of t...

Eight banks declare total Tk 9.11b cash dividends

Eight banks declare total Tk 9.11b cash dividends

Babul Barman 2020-05-09 09:45:59

Eight listed banks declared aggregate cash dividends amounting to Tk 9.11 billion for the year ending on December 31, 2019 amid the ongoing Covid-19 pandemic. Of the 30 banks, listed on the Dhaka S...

IPDC net profit drops 5.47pc in Q1

IPDC net profit drops 5.47pc in Q1

FE Report 2020-05-08 14:21:34

IPDC Finance's net profit dropped 5.47 per cent year-on-year to Tk 150 million in first quarter for January-March, 2020 as operating expenses increased. The net profit of the first non-bank financial...

Pharma cos remain unfazed despite the onslaught of COVID-19

Pharma cos remain unfazed despite the onslaught of COVID-19

Mohammad Mufazzal 2020-05-07 10:02:29

Listed pharmaceuticals companies are expecting a growth in their earnings for January-March (Q3) as their productions, distributions and sales have almost remained 'unaffected' amid COVID-19 pandemic....

BAPLC for not changing category of listed companies

BAPLC for not changing category of listed companies

Mohammad Mufazzal 2020-05-07 00:42:43

Bangladesh Association of Publicly Listed Companies (BAPLC) has urged the securities regulator not to change the category of listed companies upon their failure in declaring or disbursing dividend at...

Stock markets to remain shut until May 16

Stock markets to remain shut until May 16

FE Online Report 2020-05-06 15:57:16

The country’s two bourses will remain closed until May 16 as the government further extended the ongoing holidays to contain the spread of deadly coronavirus. The government has further extende...

No job cut in Runner Auto

No job cut in Runner Auto

FE Report 2020-05-06 09:55:21

Runner Automobiles, one of the country's leading automobile makershas assured employees and staffs of not facing any job cut even though its sales and collections almost cameto a halt due to onslaught...

Earnings of three-fourths of listed textile cos slump

Earnings of three-fourths of listed textile cos slump

Babul Barman 2020-05-06 09:47:53

Earnings of three-fourth listed textile sector companies fell in the first half (H1) of the current fiscal year as exports endured declining trend while the financial expenses increased. There are 56...

DSE for two-hour digital trading from May 10

DSE for two-hour digital trading from May 10

Mohammad Mufazzal 2020-05-05 09:58:30

The Dhaka Stock Exchange (DSE) has sought regulatory approval to resume trading for two hours a day from May 10 amid the ongoing general holiday. The premier bourse DSE wants to resume trading connec...

Most MNCs declare hefty div despite bearish market

Most MNCs declare hefty div despite bearish market

Babul Barman 2020-05-04 10:25:02

Most of the listed multinational companies (MNCs) have recommended substantial amount of cash dividends for the year ended on December 31, 2019, maintaining their profit growth. There are eleven MNCs...

DSE to seek permission from BSEC today

DSE to seek permission from BSEC today

FE Report 2020-05-04 10:17:48

Dhaka Stock Exchange (DSE) will seek permission today (Monday) from the securities regulator to resume trading on May 10. The premier bourse DSE will send a letter to the Bangladesh Securities and Ex...

BSEC to form panel of independent directors for listed companies

BSEC to form panel of independent directors for listed companies

Mohammad Mufazzal 2020-05-03 10:01:09

The securities regulator has decided to form a panel of independent directors who will be appointed in the boards of listed companies. The Bangladesh Securities and Exchange Commission (BSEC) took th...

Reckitt Benckiser declares record 1250pc dividend

Reckitt Benckiser declares record 1250pc dividend

FE Online Report 2020-05-01 13:14:39

Reckitt Benckiser (BD) Ltd has declared a record 1250 per cent cash dividend for the year ended on December 31, 2019. The investors will get Tk 125 per share of face value of Tk 10 each. The board o...

DSE set to resume trading from May 10

DSE set to resume trading from May 10

FE Online Report 2020-04-30 21:29:40

Trading on the Dhaka Stock Exchange (DSE) is set to resume from May 10 after a 46-day break due to the Covid-19 pandemic. The DSE board of directors in a virtual meeting on Thursday agreed in princip...

Listed banks endure up to 72pc price erosion in one year

Listed banks endure up to 72pc price erosion in one year

Babul Barman 2020-04-30 09:51:30

Share prices of all listed banks tumbled up to 72 per cent in the past one year until March 25, 2020 amid prolonged bearish trend in the country's capital market. All the 30 banks listed on the Dhaka...

DSE brokers for allowing undisclosed money into stock market

DSE brokers for allowing undisclosed money into stock market

FE Report 2020-04-30 09:38:49

The DSE Brokers Association (DBA) has made a set of proposals, including the scope of investing undisclosed money into the capital market, to overcome the crisis created following the outbreak of COVI...

BSEC to seek public opinion on draft rules

BSEC to seek public opinion on draft rules

FE Report 2020-04-30 09:36:03

The securities regulator will fix new timeframe after opening its office to seek public opinion on the draft rules required to issue new TREC (trading right entitlement certificate). The decision was...

Marico BD declares final 200pc cash dividend

Marico BD declares final 200pc cash dividend

FE Online Report 2020-04-29 14:31:33

The board of directors of Marico Bangladesh Ltd has recommended final 200 per cent cash dividend for the year ended on March 31, 2020. The board recommended the dividend and approved the audited fina...

Asia shares extend gains as economies slowly re-open

Asia shares extend gains as economies slowly re-open

Reuters 2020-04-29 11:29:56

Asian shares rose for a third session on the trot on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world while oil prices jumped on hopes demand will pick up...

Boeing eyes major bond issue to raise funds 

Boeing eyes major bond issue to raise funds 

REUTERS 2020-04-29 10:58:15

Boeing is working with investment banks on a multibillion-dollar bond-fuelled financing package, aiming to shore up its balance sheet amid a sharp travel downturn from the pandemic, three people famil...

Poor paid-up capital of DSE brokers haunt investors

Poor paid-up capital of DSE brokers haunt investors

Mohammad Mufazzal 2020-04-28 09:27:17

Paid-up capital of a significant number of brokerage firms of Dhaka Stock Exchange (DSE) still remain poor compared to stipulated capital requirements set to avert the risk of doing business. The Ban...

Foreign funds in stocks keep falling

Foreign funds in stocks keep falling

Babul Barman 2020-04-27 09:22:01

Net foreign investment in the Dhaka bourse has been on a downward trend for the last one year as the overseas investors continued to pull out their fund amid prolonged bearish market trend. The forei...