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The Financial Express

Search results for: bangladesh

Union Capital downgraded to “Z” category

Union Capital downgraded to “Z” category

FE ONLINE REPORT 2020-08-03 10:57:51

Union Capital Limited has been placed in “Z” category from the existing “B” category with effect from tomorrow (Tuesday) as the company has recommended ‘no’ divid...

Economists fear double-whammy of unemployment may sow social tensions

Economists fear double-whammy of unemployment may sow social tensions

-- 2020-08-03 10:52:19

Piling on top of the pre-pandemic stock of jobless population, economists apprehend the newly unemployed resulting from firms severely scaling back on their activities as part of ‘lockdown&rsquo...

DSE, CSE trading resumes Monday

DSE, CSE trading resumes Monday

FE Online Report 2020-08-02 19:39:01

Trading and official activities on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will resume tomorrow (Monday) after three-day Eid holidays, officials said. The trading on the bo...

WB okays $202m to increase food storage capacity in Bangladesh

WB okays $202m to increase food storage capacity in Bangladesh

-- 2020-08-02 12:49:11

The World Bank’s Board of Executive Directors has approved $202 million in additional financing for the Modern Food Storage Facilities Project to increase the storage capacity of Bangladesh&rsqu...

WB likely to give $500m loan for dev of technical education

WB likely to give $500m loan for dev of technical education

FHM Humayan Kabir 2020-07-31 09:48:04

The World Bank (WB) is likely to provide US$500 million worth of loan for the development of Bangladesh's technical education including health education following the Covid-19 outbreak, officials said...

Pubali Bank approves 10pc cash dividend

Pubali Bank approves 10pc cash dividend

FE DESK REPORT 2020-07-31 09:47:41

The 37th Annual General Meeting (AGM) of Pubali Bank Limited was held at the bank's board room of the head office through digital platform on Thursday. M. Azizul Huq, Chairman of the board of director...

BSEC cancels IPO proposal of JMI Hospital

BSEC cancels IPO proposal of JMI Hospital

Mohammad Mufazzal 2020-07-31 09:43:18

The securities regulator has cancelled the IPO (initial public offering) proposal of JMI Hospital Requisite Manufacturing Ltd after finding a number of non-compliances including overstating the profit...

LNG imports up 64.61pc in FY ’20

LNG imports up 64.61pc in FY ’20

M AZIZUR RAHMAN 2020-07-31 09:36:53

Bangladesh's liquefied natural gas (LNG) import increased significantly by 64.61 per cent in last fiscal year (FY), 2019-20, to 4.164 million tonnes to meet the mounting domestic gas demand. The stat...

Safety nets bypass 'missing middle'

Safety nets bypass 'missing middle'

FE REPORT 2020-07-31 09:31:07

Speakers at a webinar stressed the need for reforming existing social protection programmes to reach the "missing middle" and vulnerable people after the Covid-19 pandemic that pushed millions back in...

Virus revives 'mattress' economy

Virus revives 'mattress' economy

JASIM UDDIN HAROON 2020-07-31 09:26:59

Money multiplier decreased in the last fiscal year as people are holding cash after the coronavirus pandemic, according to statistics prepared by the central bank. The data show that the key indicato...

BB acts to bring infra firms in stock mkt

BB acts to bring infra firms in stock mkt

SIDDIQUE ISLAM 2020-07-31 09:14:44

The central bank has announced a guideline for attracting non-listed private infrastructure companies, in which commercial banks have equity exposure, to the capital market to help lower risks. Under...

IFIC Bank to further revise ratio for rights issuance

IFIC Bank to further revise ratio for rights issuance

FE ONLINE REPORT 2020-07-30 12:14:18

The board of directors of IFIC Bank Ltd has further decided to revise the ratio of right shares subject to the approval of the shareholders and the stock market regulator. The rights issue is an offe...

Bourses open higher as BB unveils MPS

Bourses open higher as BB unveils MPS

FE ONLINE REPORT 2020-07-30 12:11:34

Stocks witnessed a positive trend in early trading on Thursday as investors continued their appetite for sector-wise issues following the central bank’s expansionary monetary policy statement....

'IBBL to launch global standard FinTech banking'

'IBBL to launch global standard FinTech banking'

Siddique Islam 2020-07-30 10:45:33

Islami Bank Bangladesh Limited (IBBL) has planned to launch real time online investment banking riding on the latest financial technology (FinTech) by the end of this calendar year, the bank's top exe...

MPS for enhancing depth of stock mkt

MPS for enhancing depth of stock mkt

FE Report 2020-07-30 09:59:13

Bangladesh Bank (BB) has said coordinated initiatives should be taken to enhance the market capitalisation through the listing of companies having good fundamentals. The BB laid emphasis on listing o...

BSEC fines 3 listed cos, mkt operators Tk 248m

BSEC fines 3 listed cos, mkt operators Tk 248m

FE REPORT 2020-07-30 09:50:14

The securities regulator has taken stern actions against three listed companies and some market operators by imposing an aggregate amount of penalty worth around Tk 248 million for their unlawful acti...

Economists heap praise on monetary policy

Economists heap praise on monetary policy

FE REPORT 2020-07-30 09:48:23

The monetary policy released by the central bank on Wednesday for the current fiscal year is towards the right direction, economists say warning of the possible abuse. The policy for 2020-2021 fiscal...

Revised incentive package for investors underway

Revised incentive package for investors underway

Mir Mostafizur Rahaman 2020-07-30 09:34:48

The country's investment promotion agencies are pulling their socks up to improve the country's investment climate, a prerequisite for snaring foreign investors. Analysts are of the opinion that th...

DSE, CSE extend gaining streak

DSE, CSE extend gaining streak

FE Online Report 2020-07-29 17:35:14

Stocks kept the gaining for the fifth straight sessions on Wednesday as the bargain hunters continued their appetite on selective issues amid gradual improvement of economic activities. DSEX, the key...

BB lowers borrowing costs to boost money flow

BB lowers borrowing costs to boost money flow

FE ONLINE REPORT 2020-07-29 16:17:50

The central bank unveiled an expansionary monetary policy on Wednesday for current fiscal year lowering borrowing costs to boost money flow for revamping the pandemic-hit economy. As part of the expa...

Japan cos' China exit: Bangladesh misses the train

Japan cos' China exit: Bangladesh misses the train

MIR MOSTAFIZUR RAHAMAN 2020-07-29 13:45:09

Bangladesh's hope for attracting 30 Japanese companies relocating from China has been dashed as these firms have already decided to move elsewhere. Experts said that strong political will from the hi...

Standard Insurance recommends 10pc cash dividend

Standard Insurance recommends 10pc cash dividend

FE ONLINE REPORT 2020-07-29 12:10:07

The board of directors of Standard Insurance Ltd has recommended 10 per cent cash dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the annual gene...

Stocks rise ahead of Eid holidays

Stocks rise ahead of Eid holidays

FE ONLINE REPORT 2020-07-29 11:47:45

Stocks witnessed positive trend in early trading on Wednesday as a section of investors continued their appetite on sector-wise issues amid expectation of improving economic activities ahead of Eid...

Bata Shoe revenue dips

Bata Shoe revenue dips

FE REPORT 2020-07-29 10:03:01

Bata Shoe Company's revenue plunged drastically by 85 per cent year-on-year in April-June, 2020 quarter due to lower sales amid Covid-19 pandemic. The multinational company's revenue stood at only Tk...

Diversification of stock mkt: Alternative Trading Board to prop up confidence

Diversification of stock mkt: Alternative Trading Board to prop up confidence

FE DESK 2020-07-29 10:01:17

Stock market stakeholders have welcomed the establishment of an alternative trading board as an important addition to the securities market and urged to develop the market to accommodate different inv...

Berger Paints Bangladesh declares 295pc cash dividend

Berger Paints Bangladesh declares 295pc cash dividend

FE DESK REPORT 2020-07-29 09:59:09

Rupali Chowdhury presided over the 47th AGM of Berger Paints Bangladesh Limited on Tuesday. Chairman of the Board Gerald K ADams along with other directors Anil Bhalla, Jean-Claude Loutreuil, Anis A....

Move to stop tax evasion on cars

Move to stop tax evasion on cars

Doulot Akter Mala 2020-07-29 09:45:37

The National Bard of Revenue (NBR) has joined its hand with the Bangladesh Road Transport Authority (BTRA) to scrutinize information of vehicle owners to check tax evasion. The step has also been tak...

Forex reserve crosses $37b-mark for first time

Forex reserve crosses $37b-mark for first time

-- 2020-07-28 21:53:31

The country’s foreign exchange reserve has touched a new record of $37.10 billion amid coronavirus crisis. The inflow of remittance has played a vital role to raise the foreign exchange reserve...

Country loses 30pc rawhide every year for improper preservation

Country loses 30pc rawhide every year for improper preservation

-- 2020-07-28 18:30:29

The country loses around 30 per cent of total rawhide every year due to improper skinning and environmental protection and preservation, the commerce ministry has said. Describing rawhides of sacrifi...

Annual trade gap crosses $17b in FY20

Annual trade gap crosses $17b in FY20

FE Online Report 2020-07-28 18:09:22

Country’s bilateral merchandise trade gap with the rest of the world crossed $17.0 billion mark in the last fiscal year (FY20), according to the latest statistics of Bangladesh Bank.  It s...