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The Financial Express

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Standard Bank to issue perpetual bond worth Tk 5.0b

Standard Bank to issue perpetual bond worth Tk 5.0b

FE Report 2019-11-20 10:35:22

Standard Bank will raise a capital worth Tk 5.0 billion through issuance of perpetual bond as additional tier-I capital. The company's board of director has taken the decision of raising capital th...

Rise in issuance of T-bonds, bills pushes up yield curves

Rise in issuance of T-bonds, bills pushes up yield curves

JASIM UDDIN HAROON 2019-11-20 10:34:50

The increase in issuance of T-bonds and T-bills propelled their yield curves upward in last fiscal year (FY), 2018-19, according to the Bangladesh Bank (BB) statistics. Yield curve has direct relatio...

NBR gets Tk 3.57b tax on sixth day of fair

NBR gets Tk 3.57b tax on sixth day of fair

FE Report 2019-11-20 10:31:25

The National Board of Revenue (NBR) collected Tk 3.57 billion in tax on Tuesday, the sixth day of the countrywide Income Tax Fair (ITF) 2019, according to a statement. The revenue authority bagged...

BB cuts interest rates on EDF loans to boost exports

BB cuts interest rates on EDF loans to boost exports

FE Report 2019-11-20 10:25:13

The central bank has slashed interest rates on loans under the Export Development Fund (EDF) scheme by 1.0 percentage point to facilitate exporters. As per the revised policy, exporters will now ge...

BB increases home loan limit to Tk 20m

BB increases home loan limit to Tk 20m

-- 2019-11-19 19:35:37

The Bangladesh Bank has increased the maximum limit for home loans to Tk 20 million from Tk 12 million due to rising apartment prices and the purchasing capacity of people. The central bank on Tuesda...

BB slashes interest rate on exporters’ borrowing from EDF

BB slashes interest rate on exporters’ borrowing from EDF

-- 2019-11-19 18:04:39

The central bank has slashed the interest rate on loans from its Export Development Fund (EDF) by 1.0 percentage point to boost exports. From now, the EDF interest rate would be the six-month dollar...

FRB NY to give BB technical support

FRB NY to give BB technical support

SIDDIQUE ISLAM 2019-11-19 10:39:53

The Federal Reserve Bank (FRB) of New York has expressed willingness to provide technical assistances to the Bangladesh Bank (BB) for mitigating its operational risks. A four-member delegation, led b...

NBR collects Tk 3.11b on fifth day of income tax fair

NBR collects Tk 3.11b on fifth day of income tax fair

BSS 2019-11-18 19:52:22

The National Board of Revenue (NBR) has collected Taka 3.11 billion on Tuesday, the fifth day of the weeklong income tax fair. On the day, a total of 1,06,200 people submitted their income tax return...

Eastern Housing approves 20pc cash dividend

Eastern Housing approves 20pc cash dividend

FE Online Desk 2019-11-18 13:09:06

The 55th Annual General Meeting of Eastern Housing Limited was held at RAOWA Convention Hall, Mohakhali, Dhaka recently. The AGM was presided over by Manzurul Islam, Chairman of Eastern Housing Ltd....

PM seeks larger UAE investment in Bangladesh

PM seeks larger UAE investment in Bangladesh

-- 2019-11-18 11:43:21

Prime Minister Sheikh Hasina on Sunday sought both public and private investment from the UAE in larger volume in potential sectors such as RMG, IT, agriculture and special economic zones in Banglades...

BSEC halts Shepherd Industries' move

BSEC halts Shepherd Industries' move

FE Report 2019-11-18 10:33:14

The securities regulator has halted the execution of the Shepherd Industries' decision of purchasing the shares of another company 'Shepherd Jeans' by the assets of the former. The securities regul...

'Real-time' audit by CAG can help check fiscal anomalies

'Real-time' audit by CAG can help check fiscal anomalies

FE REPORT 2019-11-18 09:49:14

Collaboration among accountability organisations, including Comptroller and Auditor General (CAG), Anti-Corruption Commission (ACC), parliamentary committees and civil society organisations, can ensur...

Earnings of many textile cos down

Earnings of many textile cos down

Mohammad Mufazzal 2019-11-17 10:39:21

The EPS (earnings per share) of majority number of listed textile companies declined while some eight others incurred loss in the last fiscal year (FY) compared to previous FY. On the other hand, som...

Govt earnings from DSE fall 28pc in Oct

Govt earnings from DSE fall 28pc in Oct

FE Report 2019-11-16 10:52:14

The government's revenue earnings from the Dhaka bourse tumbled 28 per cent month-on-month in October this year as trading volume was on the decline. The turnover remains poor for months as unusual f...

Weak earning disclosures affect stock prices

Weak earning disclosures affect stock prices

Babul Barman 2019-11-16 10:45:50

Stocks backed to the red again in the outgoing week that ended on Thursday as risk-averse investors dumped their holdings amid 'poor' earning disclosures. Week-on-week, DSEX, the prime index of the D...

BB steps up forex support to banks

BB steps up forex support to banks

SIDDIQUE ISLAM 2019-11-16 09:56:59

The central bank has scaled up its foreign currency support to the commercial banks to help settle their import payment obligations, particularly for oil, officials said. The Bangladesh Bank, or BB,...

Wata Chemicals posts highest EPS growth among local cos

Wata Chemicals posts highest EPS growth among local cos

FE REPORT 2019-11-15 10:49:26

Wata Chemicals, a listed company in the pharmaceuticals & chemicals sector, posted the highest EPS (earnings per share) growth among its local peers in fiscal year (FY) 2018-19. The company's EPS...

Renata generates highest turnover

Renata generates highest turnover

FE Report 2019-11-15 10:47:45

Ten most traded companies accounted for nearly 27 per cent of transactions on the prime bourse on Thursday, with Renata generating the highest turnover. Market analysts said investors were active o...

IBN SINA approves 30pc cash dividend

IBN SINA approves 30pc cash dividend

FE DESK REPORT 2019-11-15 10:46:11

The 35th annual general meeting (AGM) of The IBN SINA Pharmaceutical Industry Ltd was held at Emmanuelle's Convention Centre in the city on Thursday, said a statement. Shah Abdul Hannan, Chairman of...

Govt adopts new strategy to curb money laundering

Govt adopts new strategy to curb money laundering

REZAUL KARIM 2019-11-15 10:42:27

The government has adopted a new strategy to combat trade-based money laundering and illicit financial outflow from the country with the incorporation of a few stringent provisions into it, officials...

Kamal vows to cut tax rates using all matrixes

Kamal vows to cut tax rates using all matrixes

FE REPORT 2019-11-15 10:19:10

Finance Minister A H M Mustafa Kamal has promised to reduce tax rates using all economic matrixes. The government will assess as to what extent it can reduce the tax rates by keeping tax collection c...

Top 20 defaulters: BB asks state banks to ramp up recovery

Top 20 defaulters: BB asks state banks to ramp up recovery

SIDDIQUE ISLAM 2019-11-15 09:59:49

The central bank has asked four state-owned commercial banks, or SoCBs, to gear up the recovery drive, keeping in mind top 20 defaulters. The instruction was given at a meeting held at the Banglade...

Stocks extend losses as major sectors tumble

Stocks extend losses as major sectors tumble

FE ONLINE REPORT 2019-11-14 18:10:34

Stocks extended the losing streak for the third straight session on Thursday as worried investors continued their selling binge on major sectors shares. DSEX, the prime index of the Dhaka Stock Excha...

Indian court delays ruling on ban on women entering Hindu temple

Indian court delays ruling on ban on women entering Hindu temple

-- 2019-11-14 12:59:18

India’s Supreme Court on Thursday referred a decision to lift a centuries-old ban on women of menstruating age entering a Hindu temple to a larger bench of judges, delaying a final verdict in th...

Jamuna Oil recommends 130pc dividend

Jamuna Oil recommends 130pc dividend

FE Online Report 2019-11-14 11:49:09

The board of directors of state-run Jamuna Oil Company Ltd has recommended 130 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Thursday. The final approval...

Stocks witness mixed trend amid cautious trades

Stocks witness mixed trend amid cautious trades

FE Online Report 2019-11-14 11:46:15

Stocks witnessed mixed trend in early hour trading on Thursday as investors are mostly followed cautious stance amid ongoing quarterly earnings declarations. Following the previous day’s downwa...

MI Cement to form three subsidiary cos

MI Cement to form three subsidiary cos

FE Report 2019-11-14 10:58:26

MI Cement Factory Ltd has approved formation of three subsidiary companies -- Ocean Voyager Shipping Lines, Ocean Victory Shipping Lines and Ocean Vision Shipping Lines. The board of directors of the...

Stocks plunge amid selling binge

Stocks plunge amid selling binge

FE Online Report 2019-11-13 16:12:13

Stocks ended lower on Wednesday, after remaining flat in the previous day, as investors mostly on selling binge on sector-wise large-cap shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Better logistics can help Bangladesh boost exports: WB

Better logistics can help Bangladesh boost exports: WB

-- 2019-11-13 14:54:37

Bangladesh needs to improve its transport and logistics systems to meet the needs of its growing economy and boost export growth, said a new World Bank report launched on Wednesday. The report &ndash...

Heidelberg to acquire Emirates Cement, Emirates Power

Heidelberg to acquire Emirates Cement, Emirates Power

FE Online Report 2019-11-13 13:54:07

The board of directors of Heidelberg Cement Bangladesh Ltd has approved the acquisition of 100 per cent shareholding of Emirates Cement and Emirates Power from UltraTech Cement Middle East Investmen...