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The Financial Express

Search results for: bangladesh

Steps taken to make capital market vibrant: PM

Steps taken to make capital market vibrant: PM

-- 2019-07-08 12:09:31

Prime Minister Sheikh Hasina on Monday said her government has taken various steps to ensure a vibrant capital market that will supplement its efforts to make Bangladesh a developed country by the yea...

Non-merger of economic, admin cadres affects govt dev activities

Non-merger of economic, admin cadres affects govt dev activities

FHM Humayan Kabir 2019-07-08 11:56:28

Development activities in the public sector are being hampered due to non-effectiveness of the government's order to merge administration and economic cadres of the Bangladesh Civil Service (BCS), ins...

Prime Islami Life Ins, Int’l Leasing recommend div

Prime Islami Life Ins, Int’l Leasing recommend div

FE Report 2019-07-08 10:29:38

Two listed companies have recommended dividends ranging from 5.0 per cent to 12 per cent in last week for the year ended on December 31, 2018. The companies are Prime Islami Life Insurance and Intern...

Economists warn revenue shortfall may lead to debt trap

Economists warn revenue shortfall may lead to debt trap

FE Report 2019-07-08 10:04:19

As the government spending is growing, failure in meeting the revenue targets could put Bangladesh into a debt trap, economists warned on Sunday. To avoid such unpleasant macroeconomic situation, the...

BB heist: APG pledges pressure on Manila to refund money

BB heist: APG pledges pressure on Manila to refund money

FE Report 2019-07-08 09:46:13

The Asia Pacific Group (APG) on money laundering has assured Bangladesh of ratcheting up pressure on the Philippines to return the heisted reserve money, officials said. The Group said had the Philip...

Sonar Bangla Insurance approves 12pc dividend

Sonar Bangla Insurance approves 12pc dividend

FE Online Desk 2019-07-07 14:09:08

The board of directors of Sonar Bangla Insurance Ltd has approved 6 per cent cash and 6 per cent stock dividend for the year ended on December 31, 2018. The approval of the dividend came during the 1...

DSE negative trend continues at midday

DSE negative trend continues at midday

FE Online Report 2019-07-07 13:00:07

The Dhaka bourse opened the Sunday’s session on a negative note and continued the trend for around two hours. The day’s falling trend was triggered by price corrections witnessed by the m...

'Large-scale reform must to cut growing inequality'

'Large-scale reform must to cut growing inequality'

FE Report 2019-07-07 12:50:26

Large-scale structural reform is urgently needed in income generation and distribution process to reduce growing inequality in the society, economists opined at an international conference in the capi...

Mutual funds see highest price appreciation in last week

Mutual funds see highest price appreciation in last week

FE Report 2019-07-07 11:33:50

The listed mutual funds (MFs) saw the highest price appreciation in last week despite the turnover is yet to be significant compared to that of other sectors. The sector comprising 37 closed-end...

Dhaka Bank to expand businesses embarking on SME, digitisation

Dhaka Bank to expand businesses embarking on SME, digitisation

Ismail Hossain 2019-07-07 11:31:04

Dhaka Bank will decentralise its loan concentration from corporate to retail and small and medium enterprises (SME) to minimise credit risk, said the top executive of the leading private commercial ba...

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....