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The Financial Express

Search results for: bangladesh

Pragati Life gets BSEC nod to raise Tk 230.27m in rights offer

Pragati Life gets BSEC nod to raise Tk 230.27m in rights offer

FE ONLINE REPORT 2020-08-16 12:11:48

The Bangladesh Securities and Exchange Commission (BSEC) has approved Pragati Life Insurance’s application to raise Tk 230.27 million through rights issue. The rights issue is an offer of new s...

Provisional GDP estimates didn’t capture Covid impact: CPD

Provisional GDP estimates didn’t capture Covid impact: CPD

FE ONLINE REPORT 2020-08-16 11:59:29

The provisional estimates of the country’s Gross Domestic Product (GDP) did not capture the impact of the Covid-19 pandemic on Bangladesh economy in the last fiscal year (FY20), according to a l...

Stocks soar at opening amid growing confidence

Stocks soar at opening amid growing confidence

FE ONLINE REPORT 2020-08-16 10:48:21

Stocks witnessed a steep rise in early trading on Sunday as enthusiastic investors continued their buying spree on large-cap issues riding on regulatory moves to restore discipline in the market. Fol...

NBR works out ways to legalise undisclosed cash; circular next month

NBR works out ways to legalise undisclosed cash; circular next month

DOULOT AKTER MALA 2020-08-16 10:01:53

People having undisclosed cash are expected to get the chance to legalise their money in three methods while filing return during the current fiscal year. The taxmen may allow the relevant taxpayers...

Concerted efforts a must to develop capital market

Concerted efforts a must to develop capital market

FE REPORT 2020-08-16 09:59:32

The securities regulator and other stakeholders have laid importance on sustainable development of the capital market to ensure its contribution to national economy. Their opinion came at a webinar a...

Project underway to help employ urban youths, migrant returnees

Project underway to help employ urban youths, migrant returnees

FHM HUMAYAN KABIR 2020-08-16 09:37:00

The World Bank (WB) is set to provide $150-million to create employment opportunities for low-income urban youths and migrant returnees and raise their productivity level, officials at the Economic Re...

Govt eyes dent in inequality

Govt eyes dent in inequality

FE REPORT 2020-08-16 09:34:16

The government expects a significant improvement in income inequality from its peak, amid sluggish economic activities. It eyes Gini coefficient-a measure of income distribution where 0 represents pe...

Ten issues grab 24pc transaction

Ten issues grab 24pc transaction

FE REPORT 2020-08-15 10:07:51

Ten most-traded stocks accounted for 24 per cent of the total transactions on the Dhaka Stock Exchange (DSE) in the outgoing week while Beximco Pharmaceuticals topped the list for the two consecutive...

Weekly market review: Core index adds 742 points in eight straight weeks

Weekly market review: Core index adds 742 points in eight straight weeks

BABUL BARMAN 2020-08-15 09:38:06

Stocks witnessed yet another strong bullish week that ended on Thursday, extending the winning streak for the eight consecutive weeks. The enthusiastic investors put fresh stakes on large-cap stocks...

Industrial engine loses steam

Industrial engine loses steam

FHM Humayan Kabir 2020-08-15 09:23:18

Bangladesh's industrial growth slumped in the last fiscal year, mainly due to the COVID pandemic, the government data show. The sector recorded notable growth in the previous couple of years. The man...

Pandemic leaves 20,000 people jobless in Khulna city alone

Pandemic leaves 20,000 people jobless in Khulna city alone

-- 2020-08-14 19:20:52

The coronavirus outbreak has left around 20,000 workers in Khulna city without a job over the last four months and forced the closure of 20 per cent business establishments. Another 20,000 workers of...

Economists caution against complacency about robust remittance inflow

Economists caution against complacency about robust remittance inflow

-- 2020-08-14 11:21:39

The record inflow of remittance in the last two months should not give any sense of complacence for Bangladesh as the situation in overseas labour market remains fluid and the migrant workers are poss...

Fisheries sector entrepreneurs get Tk 260m loans so far

Fisheries sector entrepreneurs get Tk 260m loans so far

TALHA BIN HABIB 2020-08-14 09:57:48

The government has disbursed around Tk 260 million as loans to the entrepreneurs of fisheries sector to help offset the financial losses due to the Covid-19 pandemic, an official said. The loans have...

City Bank approves 15pc cash div

City Bank approves 15pc cash div

FE DESK REPORT 2020-08-14 09:48:07

The 37th Annual General Meeting (AGM) of City Bank was held on Thursday on virtual platform. Aziz Al Kaiser, Chairman of the Bank, presided over the meeting, said a statement. Following the Board of...

BSEC restructures Z-category companies’ boards

BSEC restructures Z-category companies’ boards

FE Report 2020-08-14 09:42:19

The securities regulator has taken a number of decisions including restructuring the boards of 'Z' category companies for bringing positive changes in their operations. The decisions were taken on...

Govt cranks up bank borrowing

Govt cranks up bank borrowing

SIDDIQUE ISLAM 2020-08-14 09:20:55

The government started the new fiscal year with higher bank borrowing as July loans figure almost doubled as revenue collection fell, officials say. Its borrowing reached Tk 130.87 billion in the fir...

‘BD economy shows signs of positive growth despite global recession’

‘BD economy shows signs of positive growth despite global recession’

-- 2020-08-13 18:47:35

Bangladesh might be one of only two ASEAN and South Asian economies to register positive growth in 2020 when the world is almost certainly bound to a devastating recession caused by the coronavirus pa...

Berger’s EPS tumbles 79pc in Apr-Jun quarter

Berger’s EPS tumbles 79pc in Apr-Jun quarter

FE ONLINE REPORT 2020-08-13 16:28:39

The earnings per share (EPS) of Berger Paints Bangladesh Ltd has plunged 79 per cent year-on-year in April-June, 2020 quarter due to lower sales during the countrywide lockdown. The multinational com...

Stocks keep gaining riding on regulatory moves

Stocks keep gaining riding on regulatory moves

FE ONLINE REPORT 2020-08-13 15:27:39

Daily trade turnover on Dhaka Stock Exchange (DSE) scaled Tk 12-billion mark on Thursday once again as investors put fresh stakes on stocks amid growing confidence in the market. Turnover, a crucial...

GSP Finance declares 10.5pc dividend

GSP Finance declares 10.5pc dividend

FE ONLINE REPORT 2020-08-13 11:22:04

The board of directors of GSP Finance Company (Bangladesh) Ltd has recommended 6.0 per cent cash and 4.50 per cent stock dividend for the year ended on December 31, 2019. The final approval will come...

Stocks jump at opening amid growing confidence

Stocks jump at opening amid growing confidence

FE ONLINE REPORT 2020-08-13 10:58:36

Stocks on the bourses witnessed sharp rise in early trading on Thursday as enthusiastic investors continued their buying spree on large-cap issues riding on regulatory moves to restore discipline in t...

July revenue collection falls 22pc

July revenue collection falls 22pc

Doulot Akter Mala 2020-08-13 10:17:20

The overall revenue collection fell by 22.07 per cent to only Tk 123.34 billion in July last, the first month of the current fiscal year (FY), as compared to that of the same month of last year, accor...

Shahjalal Islami Bank approves 10pc dividend

Shahjalal Islami Bank approves 10pc dividend

FE DESK REPORT 2020-08-13 10:07:38

The 13th Extra-Ordinary General Meeting (EGM) and 19th Annual General Meeting (AGM) of Shahjalal Islami Bank Limited were held on Wednesday through digital platform, said a statement. Chairman of the...

Japan confirms largest ever loan package of US$ 3.15b for BD

Japan confirms largest ever loan package of US$ 3.15b for BD

FE Online Report 2020-08-12 16:28:39

Japan on Wednesday confirmed largest ever loan package of US$ 3.15 billion for Bangladesh to bankroll seven development projects in the country, officials said. Under the 41st Official Development As...

Stocks rebound strongly on regulatory moves

Stocks rebound strongly on regulatory moves

FE ONLINE REPORT 2020-08-12 15:39:05

Stocks rebounded strongly on Wednesday, after a single-day break, amid growing investors’ confidence following the securities regulator’s hard stance on the mandatory shareholding issue....

Investment-GDP ratio increases slightly in FY20

Investment-GDP ratio increases slightly in FY20

FE Online Report 2020-08-12 12:30:54

Country’s total investment in terms of Gross Domestic Product (GDP) increased modestly in the last fiscal year (FY20) ended on June 30, 2020. The provisional estimate of GDP, released by Bangla...

Agrani Insurance declares 10pc cash dividend

Agrani Insurance declares 10pc cash dividend

FE ONLINE REPORT 2020-08-12 10:28:28

The board of directors of Agrani Insurance Company Limited has recommended 10 per cent cash dividend for the year ended on December 31, 2019. The final approval will come during the annual general me...

General insurers’ share prices soaring sans PSI

General insurers’ share prices soaring sans PSI

FE REPORT 2020-08-12 09:58:55

Share prices of general insurance companies are soaring without having any undisclosed price sensitive information while three companies share price doubled in a month. Of the 35 general insurance co...

Govt fortifying BIDA to be investment-friendly

Govt fortifying BIDA to be investment-friendly

JASIM UDDDIN HAROON and REZAUL KARIM 2020-08-12 09:48:15

The government is strengthening the Bangladesh Investment Development Authority (BIDA) to make it is more sophisticated and investment-friendly. As part of reinforcing the investment promotion agency...

BB special funds for capital mkt: Lukewarm investment response from banks

BB special funds for capital mkt: Lukewarm investment response from banks

MOHAMMAD MUFAZZAL 2020-08-12 09:24:50

The country's capital market has so far received poor response in terms of investment from the banks under a special initiative of the central bank to help stimulate the ailing stock market, officials...