Loading...
The Financial Express

Search results for: ban

Islami Bank approves 10pc cash div

Islami Bank approves 10pc cash div

FE DESK REPORT 2020-08-21 10:41:05

The 37th annual general meeting (AGM) of Islami Bank Bangladesh Limited was held online on Thursday, said a statement. Professor Md. Nazmul Hassan, Ph.D, Chairman of the bank, presided over the meeti...

Lub-rref gets nod to determine cut-off price for raising funds

Lub-rref gets nod to determine cut-off price for raising funds

FE Report 2020-08-21 10:20:46

The securities regulator has allowed Lub-rref (Bangladesh) Ltd to determine its cut-off price required to raise funds from the capital market under the book building method. The approval was given...

Kamal urges banks to embrace digital tech

Kamal urges banks to embrace digital tech

FE REPORT 2020-08-21 09:49:31

Finance minister AHM Mustafa Kamal has exhorted both public and private banks to use digital financial inclusion to take services to customers' doorsteps through an easy and safer mode. "I'm hopeful...

TF formed to fight fake audit reports

TF formed to fight fake audit reports

FE REPORT 2020-08-21 09:44:39

The Central Intelligence Cell (CIC) has set up a task force (TF) to curb submission of fake audit reports by corporate taxpayers to taxmen. The team of intelligence officials will also ensure submiss...

NRBs can now invest in 'open-end mutual funds'

NRBs can now invest in 'open-end mutual funds'

FE REPORT 2020-08-21 09:33:01

Foreign investors and non-resident Bangladeshis can now invest in 'open-ended mutual fund' through Non-resident Investors Taka Account (NITA), according to a circular issued by the Bangladesh Bank (BB...

Banks' excess liquidity hits record Tk 1.40t

Banks' excess liquidity hits record Tk 1.40t

SIDDIQUE ISLAM 2020-08-21 09:30:09

Banks' excess liquidity hit the all-time high of around Tk 1.40 trillion in June, fuelled by the government's higher borrowing from the country's banking system to partly meet its budget deficit. L...

Stocks end nearly flat amid technical glitch

Stocks end nearly flat amid technical glitch

FE ONLINE REPORT 2020-08-20 16:04:19

Stocks ended almost flat on Thursday amid choppy trading as investors continued to suffer due to slow load of the Dhaka Stock Exchange (DSE) new website. DSEX, the key index of the DSE, went up by 3....

Bourses extend trading time by 15 minutes for today

Bourses extend trading time by 15 minutes for today

FE ONLINE REPORT 2020-08-20 14:40:22

The country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) have extended the trading time by 15 minutes for today (Thursday). “This is to inform all...

Bangladesh receives record foreign loans in pandemic

Bangladesh receives record foreign loans in pandemic

-- 2020-08-20 14:34:28

The government received a record 1.98 billion US dollar in loans from donor countries and agencies in June amid the coronavirus (COvid-19) pandemic. The previous highest total foreign loans in a mont...

Investors continue suffer for slow DSE website

Investors continue suffer for slow DSE website

FE ONLINE REPORT 2020-08-20 13:41:01

Stock investors continued to suffer on Thursday as they are unable to access information on time as the website of the Dhaka Stock Exchange (DSE) was slow to load. Investors and stockbrokers alleged...

Express Insurance to make debut Aug 24

Express Insurance to make debut Aug 24

FE REPORT 2020-08-20 13:35:48

Express Insurance Ltd will make its debut trading on August 24 (Monday) on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange under ‘N’ category. The DSE trading code for Expres...

Stocks witness downturn at opening amid slow DSE website

Stocks witness downturn at opening amid slow DSE website

FE ONLINE REPORT 2020-08-20 13:22:47

Stocks witnessed a downward trend in early trading on Thursday as the new website of the Dhaka Stock Exchange (DSE) is hampering investors’ trading activities. The investors and stockbrokers...

Tax receipts from DSE drop 4.0pc in July

Tax receipts from DSE drop 4.0pc in July

Babul Barman 2020-08-20 10:14:13

The government's revenue earnings from the Dhaka Stock Exchange (DSE) fell nearly 4.0 per cent in the first month of the current fiscal year, after hitting 10 years low in the last fiscal. Market ana...

BD corporates urged to raise fund utilising 'Bangla Bond'

BD corporates urged to raise fund utilising 'Bangla Bond'

FE DESK 2020-08-20 10:05:33

The chairman of Chittagong Stock Exchange & former president, DCCI Asif Ibrahim on Wednesday invited UK companies to invest in the Bangladesh capital market. He also urged more Bangladeshi corpora...

Large companies foresee poor sale, tax payment

Large companies foresee poor sale, tax payment

Doulot Akter Mala 2020-08-20 09:41:23

Most of the large taxpayers are apprehending a sharp slide or poor growth in their sale and probable payment of consumption tax in the current fiscal year (FY), 2020-21. They have apprised the Large...

Stocks rebound strongly amid renewed optimism

Stocks rebound strongly amid renewed optimism

FE ONLINE REPORT 2020-08-19 16:05:51

Stocks rebounded strongly on Wednesday, after a two-day losing streak, as investors went on a buying spree on large-cap issues riding on a number of regulatory bold steps to restore discipline in the...

Technical glitch on DSE new website hampering investors

Technical glitch on DSE new website hampering investors

-- 2020-08-19 12:08:53

Technical glitch on Dhaka Stock Exchange (DSE) new website hampering investors’ trading activities smoothly, some investors told the FE on Wednesday morning. Some investors complained that they...

Stocks jump at opening amid revived optimism

Stocks jump at opening amid revived optimism

FE ONLINE REPORT 2020-08-19 11:57:09

Stocks witnessed a steep rise in early trading on Wednesday, after two-day correction, as enthusiastic investors are showing their buying spree on large-cap issues riding on regulator’s number o...

Savings certificates sales rise in pandemic

Savings certificates sales rise in pandemic

-- 2020-08-19 10:21:54

When people are struggling to earn enough to pay for basic needs like food and housing due to the coronavirus pandemic, sales of savings certificates have gone up in Bangladesh. Researchers have call...

BSEC for freezing bank account of C & A Textiles, Tung Hai Knitting directors

BSEC for freezing bank account of C & A Textiles, Tung Hai Knitting directors

FE REPORT 2020-08-19 09:58:13

The securities regulator has requested the central bank to freeze bank account of all directors, including managing directors, of two listed companies as they sold shares unlawfully. The Bangladesh S...

SBAC Bank approves 10pc stock dividend

SBAC Bank approves 10pc stock dividend

FE DESK REPORT 2020-08-19 09:56:09

The 7th Annual General Meeting of South Bangla Agriculture and Commerce (SBAC) Bank Limited was held online on Tuesday, said a statement. S.M. Amzad Hossian, Chairman of SBAC Bank, presided over the...

DSE seeks stimulus package to help brokerage houses

DSE seeks stimulus package to help brokerage houses

FE ONLINE REPORT 2020-08-18 20:39:53

The Dhaka Stock Exchange (DSE) Limited has sought low-cost fund as financial stimulus package to meet operational expenses of brokerage houses and merchant banks amid the ongoing Covid-19 pandemic. T...

ADB approves $50m to bankroll PPP infrastructure projects

ADB approves $50m to bankroll PPP infrastructure projects

FE Online Report 2020-08-18 18:14:24

The Asian Development Bank (ADB) on Tuesday approved US$50 million loan to Bangladesh for bankrolling some public-private partnership (PPP) infrastructure projects. The ADB financing will help implem...

Stocks extend losses as profit booking sell-offs continues

Stocks extend losses as profit booking sell-offs continues

FE ONLINE REPORT 2020-08-18 16:24:19

Stocks extended the losing spell for the two consecutive sessions on Tuesday as risk-averse investors continued their profit booking sell-offs on major sector shares. DSEX, the prime index of the Dha...

Pandemic creates a situation of hidden hunger in Bangladesh

Pandemic creates a situation of hidden hunger in Bangladesh

FE ONLINE DESK 2020-08-18 15:23:54

The coronavirus pandemic has created a situation of hidden hunger in Bangladesh, which can be detrimental to the physical and mental development of infants and children, according to a study report....

Subscription of Pragati Life’s rights to begin Sept 24

Subscription of Pragati Life’s rights to begin Sept 24

FE ONLINE REPORT 2020-08-18 12:03:48

Rights shares subscription of Pragati Life Insurance is set to begin September 24, aiming to raise Tk 230.27 million through rights issuance. The subscription period for the life insurer will be cont...

Bourses open higher after single-day break

Bourses open higher after single-day break

FE ONLINE REPORT 2020-08-18 11:58:27

Stocks witnessed an upward trend in early trading on Tuesday as optimistic investors showed their buying spree on sector-wise issues amid high expectations. Following the previous day’s major c...

Forex reserves cross $38b for first time

Forex reserves cross $38b for first time

-- 2020-08-18 09:55:45

Bangladesh’s foreign exchange reserves have crossed US$38 billion mark for the first time amid the coronavirus pandemic. The central bank's foreign reserves reached the milestone on Monday than...

Service-sector export earnings drop 5.56pc

Service-sector export earnings drop 5.56pc

FE REPORT 2020-08-18 09:30:50

Bangladesh's export earnings from the service sector stood at US$6.13 billion registering a 5.56 per cent negative growth in the just-concluded fiscal year 2019-20, the official data showed. The coun...

High net worth investors lift mkt

High net worth investors lift mkt

 Mohammad Mufazzal and Babul Barmon 2020-08-18 09:23:29

Active participation of high net worth individuals has given boost to the capital market in recent days, according to market insiders and experts. Other factors such as lower returns on the money mar...