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The Financial Express

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GP declares 90pc interim cash dividend

GP declares 90pc interim cash dividend

FE Online Report 2019-07-15 11:35:53

The board of directors of Grameenphone (GP) has recommended interim cash dividend for the year 2019 at the rate of 90 per cent cash dividend out of the audited net profits of the company for the half...

Stocks slump at opening amid panic sell-offs

Stocks slump at opening amid panic sell-offs

FE Online Reports 2019-07-15 11:32:24

Stocks witnessed sharp fall in early hours of trading on Monday as investors went on selling spree amid lack of confidence in the market. Market analysts said the investors who have already been gr...

Baraka Shikalbaha Power starts commercial operation

Baraka Shikalbaha Power starts commercial operation

FE Report 2019-07-15 10:29:07

The Baraka Shikalbaha Power Limited (BSPL) started commercial operation of its 105 mw HFO-fired IPP power plant situated at Shikalbaha in Chattogram. BSPL is a 51 per cent subsidiary of Baraka Pateng...

Paramount Textile to buy brand new machinery

Paramount Textile to buy brand new machinery

FE Report 2019-07-15 10:25:50

The board of directors of Paramount Textile has decided to purchase some brand new capital machinery from abroad worth nearly Tk 117 million, said an official disclosure on Sunday. The textile compan...

Govt decides to take ADB loan, finally

Govt decides to take ADB loan, finally

Munima Sultana 2019-07-15 10:13:53

The government has finally decided to take out loan from Asian Development Bank (ADB) to reconstruct and expand the Dhaka-Sylhet highway, sources said. They said the costly Dhaka-Sylhet four-lane pro...

Korea willing to invest in energy, infra, ICT

Korea willing to invest in energy, infra, ICT

FE Report 2019-07-15 10:05:56

Visiting South Korean Prime Minister Lee Nak-yon said his country is willing to invest in energy, infrastructure, and ICT in Bangladesh to boost economic cooperation between the two nations. The Asia...

Korean PM wants stronger economic ties with Bangladesh

Korean PM wants stronger economic ties with Bangladesh

-- 2019-07-14 17:57:54

Visiting South Korean Prime Minister Lee Nak-yon on Sunday expressed his country's desire to take Bangladesh-Korea ties to the next level through stronger collaboration in key areas to bring mutual pr...

Stocks keep losing Sunday amid low confidence

Stocks keep losing Sunday amid low confidence

FE Online Report 2019-07-14 16:33:03

Stocks witnessed yet another bearish session on Sunday as worried investors continued their selling spree on major sectors’ shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went...

Paramount Textile to purchase brand new machinery

Paramount Textile to purchase brand new machinery

FE Online Report 2019-07-14 12:39:29

The board of directors of Paramount Textile has decided to purchase some brand new capital machinery from abroad worth nearly Tk 117 million, said an official disclosure on Sunday. The company will p...

CSE, DSE witness downturn in early trading

CSE, DSE witness downturn in early trading

FE Online Report 2019-07-14 11:52:46

Stocks witnessed a downward trend in early hours of trading on Sunday as most investors went on the selling spree amid lack of confidence in the market. Market analysts said the government’s mo...

DSE suspends shares trading of People’s Leasing

DSE suspends shares trading of People’s Leasing

FE Online Report 2019-07-14 10:59:47

The board of directors of Dhaka Stock Exchange (DSE) has suspended the trading of shares of People’s Leasing and Financial Services from Sunday. The prime bourse has decided to suspend its shar...

Women workers' outflow up 10pc in Jan-Jun

Women workers' outflow up 10pc in Jan-Jun

Arafat Ara 2019-07-14 10:57:49

The number of outbound women workers has increased by more than 10 per cent in the first six months of the current calendar year amid allegation of different types of workplace exploitation. Accord...

CA firms face music for professional misconduct

CA firms face music for professional misconduct

Mohammad Mufazzal 2019-07-14 10:23:52

The Institute of Chartered Accountants of Bangladesh (ICAB) has taken disciplinary actions against some auditors and CA (Chartered Accountant) firms for professional 'misconducts'. The council of t...

Significant rise in transactions through DSE mobile app

Significant rise in transactions through DSE mobile app

FE Report 2019-07-14 10:21:21

The country's premier bourse witnessed a significant rise in share transactions through DSE mobile app in the just concluded fiscal year (FY) compared to previous FY. The number of orders for share...

Minimum value for customs assessment made neutral

Minimum value for customs assessment made neutral

Doulot Akter Mala 2019-07-14 10:10:50

The National Board of Revenue (NBR) has introduced a country-neutral minimum value for customs assessment from the current fiscal year (FY) with an upward revision for the majority of products. Min...

Finance minister seeks AIIB support for energy sector

Finance minister seeks AIIB support for energy sector

FE Report 2019-07-13 21:33:48

China-led Asian Infrastructure Investment Bank (AIIB) on Friday assured Bangladesh of providing all-out support to the country's development. The assurance came when finance minister AHM Mustafa Kama...

'Bangladesh to seek Korean investment for innovative production'

'Bangladesh to seek Korean investment for innovative production'

-- 2019-07-13 21:00:10

Bangladesh will seek Korean investment for producing new and diverse products in the country as South Korean Prime Minister Lee Nak-yon arrived in Dhaka on Saturday afternoon on a three-day official v...

National Life generates highest turnover

National Life generates highest turnover

FE Report 2019-07-13 10:23:03

Ten most traded firms accounted for 21 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with the National Life Insurance Company bagging the top spot on the turnove...

Stocks keep sinking as investor confidence hits rock bottom

Stocks keep sinking as investor confidence hits rock bottom

Babul Barman 2019-07-13 10:20:13

Stocks suffered a big jolt in the outgoing week as investor confidence hit rock bottom, triggering panic selling that sent the benchmark index of the prime bourse reeling down in all five sessions...

Advance Tax puts importers in a tight spot

Advance Tax puts importers in a tight spot

FE Report 2019-07-13 09:38:53

Importers said they have been bleeding after the slapping of a 5.0 per cent advance tax (AT) on imports, effective from July 01. Many importers said they require extra money to pay it at a time when...

Call for FTA with KL to boost trade

Call for FTA with KL to boost trade

Siddique Islam, from Kuala Lumpur 2019-07-12 12:08:33

Bangladesh business leaders and experts have accentuated the signing of a free trade agreement (FTA) with Malaysia to boost bilateral trade and investment. They made the recommendation at a programme...

DSE board decides on Coppertech listing

DSE board decides on Coppertech listing

FE Report 2019-07-12 11:27:46

The board of the country's premier bourse has asked its management to take an initiative for the listing and trading of the shares of much-talked-about Coppertech Industries on the Dhaka Stock Exchang...

National Life tops turnover chart

National Life tops turnover chart

FE Report 2019-07-12 10:27:57

The ten most traded companies accounted for 23.73 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with the National Life Insurance Company making its way to the top of the tu...

WB to help BD achieve middle-income status

WB to help BD achieve middle-income status

FE Report 2019-07-12 10:01:51

The World Bank said it will continue support Bangladesh in its quest for achieving the upper-middle income country status by ensuring green growth. Chief executive officer of the global lender Krista...

Businesses, taxmen differ on corporate tax rates

Businesses, taxmen differ on corporate tax rates

Doulot Akter Mala 2019-07-12 09:51:00

Businesses and tax-officials are holding opposite views over the existing corporate tax rates, taking into consideration the country's poor tax-GDP (gross domestic product) ratio and investment scenar...

Bangladesh to form body to negotiate FTA with Malaysia

Bangladesh to form body to negotiate FTA with Malaysia

-- 2019-07-11 19:30:46

Bangladesh will form a committee to negotiate signing Free Trade Agreement (FTA) with Malaysia. The information was revealed at the ‘Showcase Bangladesh-Go Global’ at the Royale Chulan Ho...

Queen Maxima highly praises financial inclusion in BD

Queen Maxima highly praises financial inclusion in BD

-- 2019-07-11 17:35:26

Visiting Dutch Queen Maxima Zorreguieta Cerruti on Thursday highly praised the expansion of financial inclusion in Bangladesh through simplification of the digital financial services. She also assure...

National Life Ins tops turnover chart

National Life Ins tops turnover chart

FE Report 2019-07-11 10:38:12

National Life Insurance Company Limited (NLICL) topped the turnover chart of Dhaka Stock Exchange (DSE) following investors' increased participation. On Wednesday, the company posted a turnover of ab...

BB assures People's Leasing depositors

BB assures People's Leasing depositors

FE Report 2019-07-11 09:54:59

The central bank said as a regulator it will not shoulder the responsibility of failure on the part of the People's Leasing and Financial Services Ltd (PLFSL), which is now facing liquidation. "Liqui...

Bangladesh should further open up its economy: Joy

Bangladesh should further open up its economy: Joy

-- 2019-07-10 22:11:04

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy has said Bangladesh should further open up its economy for more foreign investments. “We are now living in an age of globalisation. W...