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The Financial Express

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Luxury at the cost of development

Luxury at the cost of development

FHM Humayan Kabir 2019-07-06 12:05:42

Many government agencies are busy constructing luxury, multi-storied office buildings with billions of taka from the development budget overlooking the priority needs, analysts said on Friday. Deve...

Weekly analysis: Stocks fall despite tax review

Weekly analysis: Stocks fall despite tax review

Babul Barman 2019-07-06 10:44:40

Stocks slipped back into the red in the outgoing week that ended on Thursday as tax review measures failed to jack investors' confidence up. Although the government brought some changes to the budget...

Sea Pearl Beach Resort to make debut on DSE, CSE Tuesday

Sea Pearl Beach Resort to make debut on DSE, CSE Tuesday

FE Report 2019-07-06 10:38:38

Sea Pearl Beach Resort & Spa Ltd is set to make its share trading debut on Tuesday (July 09) on the bourses under 'N' category, officials said. Sea Pearl Beach Resort & Spa Limited (the owner...

Soaring NPL poses downside risk to growth momentum

Soaring NPL poses downside risk to growth momentum

Siddique Islam 2019-07-06 09:43:29

Rising non-performing loans (NPLs) and tight liquidity condition on the domestic front alongside external challenges are likely to pose downside risk to growth momentum, the central bank has said. Th...

Stocks slip back into red despite tax review

Stocks slip back into red despite tax review

Babul Barman 2019-07-05 21:36:00

Stocks slipped back into the red in the outgoing week that ended on Thursday as tax review measures failed to jack investors' confidence up. Although the government brought some changes to the budget...

'Salt farmers to get special protection for five years'

'Salt farmers to get special protection for five years'

-- 2019-07-05 18:38:49

The government will provide special protection to the salt farmers for next five years to achieve self-sufficiency in salt production. Industries Minister Nurul Majid Mahmud Humayun and State Ministe...

Sea Pearl Beach Resort to start share trading Tuesday

Sea Pearl Beach Resort to start share trading Tuesday

FE Online Report 2019-07-05 18:29:03

Sea Pearl Beach Resort & Spa Ltd is set to make its share trading debut Tuesday (July 09) on the bourses under ‘N’ category, officials said. The Sea Pearl Beach (The owner of “R...

Record gas price spike puts squeeze on BD garment makers

Record gas price spike puts squeeze on BD garment makers

FE Online Desk 2019-07-05 16:28:17

Apparel makers such as Dhaka-based Ananta Group are powering Bangladesh's economic expansion, the fastest in Asia, but a record high gas price spike threatens to derail the industry's growth, accordin...

BD among four countries to win US-China trade war

BD among four countries to win US-China trade war

-- 2019-07-05 12:48:52

Bangladesh, Vietnam, Taiwan and South Korea are victors in the US-China trade war, according to a CNN report. Americans are buying less from China. But rather than leaning on US producers, they're av...

Ten companies account for 23pc turnover on DSE

Ten companies account for 23pc turnover on DSE

FE Report 2019-07-05 11:47:54

Ten most traded companies accounted for 23 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with the National Life Insurance making it to the top of the turnover chart for the...

IFIC Bank approves 10pc div

IFIC Bank approves 10pc div

FE Desk Report 2019-07-05 11:45:16

IFIC Bank Limited held its extraordinary general meeting (EGM) and the 42nd annual general meeting (AGM) at the Officers' Club in the city on Thursday. Presided over by Vice-Chairman of the Board of...

Rupali Insurance approves 10pc stock dividend

Rupali Insurance approves 10pc stock dividend

FE Desk Report 2019-07-05 11:42:51

The 31st annual general meeting (AGM) of Rupali Insurance Company Limited was held at the Imperial Convention Centre in the city on Wednesday, says a statement. Mostafa Golam Quddus, Chairman of th...

Tax collection faces headwinds in FY 2019

Tax collection faces headwinds in FY 2019

FE Report 2019-07-05 09:27:00

Tax collection faced a Tk 600 billion shortfall in the just-concluded fiscal year (FY) against the revised target, lowest in five years. The National Board of Revenue (NBR) mobilised Tk 2.22 trillion...

Envoy Textile to issue 87m preference shares

Envoy Textile to issue 87m preference shares

FE Online Report 2019-07-04 15:51:29

The board of directors of Envoy Textile Limited has decided to issue 87 million preference shares at par through private placement to the potential investors. Preference share is a share which enti...

Stocks inch up after three-day slump

Stocks inch up after three-day slump

FE Online Report 2019-07-04 15:45:18

Stocks posted marginal gain on Thursday, snapping a three-day fall, as some investors went on late hours buying spree. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.58 points...

Stocks mixed as sentiment remains fragile

Stocks mixed as sentiment remains fragile

FE Online Reports 2019-07-04 11:44:45

Stocks witnessed mixed trend in early hours of trading on Thursday as investors mostly followed cautious after the final budget. Parliament passed the tax measures for fiscal 2019-20, reducing tax...

Private sector credit growth rebounds in Ramadan

Private sector credit growth rebounds in Ramadan

FE Report 2019-07-04 10:47:47

The private sector credit growth bounced back in May, following higher trade financing due to the holy month of Ramadan, after maintaining a falling trend in the previous seven consecutive months,...

Govt earnings from DSE rise 7.72pc in FY '19

Govt earnings from DSE rise 7.72pc in FY '19

FE Report 2019-07-04 10:44:46

The government's revenue earnings from the Dhaka Stock Exchange (DSE) soared 7.72 per cent in the just concluded fiscal year (FY) over the previous fiscal. Market analysts attributed the rise in reve...

ACME starts commercial production at steroid facility

ACME starts commercial production at steroid facility

FE Report 2019-07-04 10:42:01

The ACME Laboratories has announced the start of commercial production at its state-of-the-art steroid and hormone facility in Dhamrai following successful completion of trial production. The stero...

National Life tops DSE turnover chart

National Life tops DSE turnover chart

FE Report 2019-07-04 10:40:06

Ten most traded companies accounted for one-fifth of transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with the National Life Insurance Company making it to the top of the turnover chart....

BNICL approves 12pc dividend

BNICL approves 12pc dividend

-- 2019-07-04 10:37:43

Bangladesh National Insurance Company Limited (BNICL) approved 12 per cent cash dividend for the year 2018 at its 23rd annual general meeting (AGM) held at the Spectra Convention Centre in the city re...

EU-Vietnam FTA to hit BD trade hard

EU-Vietnam FTA to hit BD trade hard

FHM Humayan Kabir 2019-07-04 09:27:48

Bangladesh is likely to face a severe blow to its foreign trade, as its competitor country Vietnam signed a free-trade agreement (FTA) with the European Union (EU) on Sunday, analysts said on Tuesday....

Bangladesh one of great success stories in world: US envoy

Bangladesh one of great success stories in world: US envoy

-- 2019-07-03 20:47:28

US Ambassador to Bangladesh Earl R Miller on Wednesday said Bangladesh is one of the United States' most valued partners and one of the great development success stories in the world. "I'm proud of w...

No VAT on sanitary napkin, NBR clarifies

No VAT on sanitary napkin, NBR clarifies

-- 2019-07-03 19:52:05

The National Board of Revenue (NBR) on Wednesday said that the government has not imposed value added tax (VAT) on sanitary napkin in the national budget for the fiscal 2019-20. The central authority...

Move to improve living standard of 4.0m people in Dhaka

Move to improve living standard of 4.0m people in Dhaka

-- 2019-07-03 18:33:03

The United Nations Development Programme's (UNDP) in collaboration with the government of Bangladesh has launched a six-year project for improving the living standard of the capital's 4.0 million pove...

DSE, CSE keep losing amid low confidence

DSE, CSE keep losing amid low confidence

FE Online Report 2019-07-03 15:49:29

Stocks extended the losing streak for the three consecutive sessions Wednesday as investors kept their selling binge on major sectors’ shares. DSEX, the prime index of the Dhaka Stock Exchange...

Stocks witness mixed trend in cautious trading

Stocks witness mixed trend in cautious trading

FE Online Reports 2019-07-03 11:51:25

Stocks witnessed mixed trend in early hours of trading on Wednesday as investors mostly followed cautious after the final budget. Parliament passed the tax measures for fiscal 2019-20, reducing tax...

Ashuganj Power to float IPO worth Tk 1.0 billion

Ashuganj Power to float IPO worth Tk 1.0 billion

FE Report 2019-07-03 11:06:30

Ashuganj Power Station Company will raise a capital worth Tk 1.0 billion to conduct different development works including the land development. The company will raise the capital by issuing bond th...

Net foreign funds see negative trend after seven FYs

Net foreign funds see negative trend after seven FYs

FE Report 2019-07-03 11:01:11

Net foreign fund in stocks witnessed negative trend in the outgoing fiscal year (FY) after seven fiscals as overseas investors booked profit by selling shares. Foreign investors bought shares worth...

ADB may extend capital market loan deal tenure by one year

ADB may extend capital market loan deal tenure by one year

FE Report 2019-07-03 10:58:24

The Manila-based lender Asian Development Bank (ADB) is likely to extend the third Capital Market loan agreement by one more year as the term of the deal expired on June 30 last, an official said. He...