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The Financial Express

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Stocks extend gaining streak amid cautious optimism

Stocks extend gaining streak amid cautious optimism

FE ONLINE REPORT 2020-07-21 15:41:44

Stocks extended the gaining streak for the second day in a row on Tuesday as the buoyant investors showed their buying binge on major sectors’ issues at the lowest possible prices amid the floor...

Six BSCIC directors named for supervising SME loan activities

Six BSCIC directors named for supervising SME loan activities

-- 2020-07-21 15:24:51

The BSCIC Chairman has said that they will provide necessary assistance and supervise the government’s stimulus package of Tk 200.0 billion for the Small and Medium Enterprise (SME) sector. &ld...

Stocks positive at opening amid virus scare

Stocks positive at opening amid virus scare

FE ONLINE REPORT 2020-07-21 11:35:19

Stocks witnessed positive trend in early trading on Tuesday as investors showed their buying binge on major sectors’ issues at the lowest possible prices amid the floor price system. Within 30...

Kay & Que, Aziz Pipes back in public market after two years

Kay & Que, Aziz Pipes back in public market after two years

FE ONLINE REPORT 2020-07-21 11:30:30

Kay & Que, and Aziz Pipes Ltd back to the public market for transactions on Tuesday, after remaining two years in the spot market.  The stock market regulator has allowed low-cap companies...

Two more insurers recommend dividend

Two more insurers recommend dividend

FE ONLINE REPORT 2020-07-21 11:02:22

The board of directors of two more insurance companies have recommended dividends for the year ended on December 31, 2019, according to separate official disclosures on Tuesday. Islami Insurance: T...

Backlog raises RHD's fund demand by 1000pc

Backlog raises RHD's fund demand by 1000pc

Munima Sultana 2020-07-21 10:33:26

Backlog in road maintenance budget of Roads and Highways Department (RHD) during the last five years has increased the agency's fund demand by nearly 1000 per cent this year to keep its countrywide ro...

Rupali Bank for raising paid-up capital through issuance of rights

Rupali Bank for raising paid-up capital through issuance of rights

REZAUL KARIM 2020-07-21 09:57:10

The state-owned Rupali Bank has taken a move to increase its authorised capital to Tk 25 billion aiming to make its capital base sound and strong, officials said. Besides, the bank also wants to rais...

'Allow FDI in RMG sector'

'Allow FDI in RMG sector'

-- 2020-07-21 09:25:02

Bangladesh should allow foreign direct investment (FDI) in the apparel sector to help the industry weather the Covid-19 crisis, analysts and businesspeople said on Monday. They also said that over-co...

FY'20 ADP execution: Six state entities perform poorly

FY'20 ADP execution: Six state entities perform poorly

FHM HUMAYAN KABIR 2020-07-21 09:17:40

Six ministries and agencies could not spend even half of their development work in the last fiscal, in a blatant repeat of failure year after year, officials said on Monday. An economist said it has...

Floods destroy crops worth Tk 3.49b

Floods destroy crops worth Tk 3.49b

-- 2020-07-20 19:06:06

The government has estimated crop losses from flash floods at Tk 3.49 billion, Agriculture Minister Abdur Razzaque has said. "The floods have destroyed harvests of paddy, vegetables, jute and other c...

Stocks breach five-day losing streak

Stocks breach five-day losing streak

FE ONLINE REPORT 2020-07-20 15:49:01

Stocks broke a five-day losing streak on Monday as buoyant investors showed a buying binge at the lowest possible prices amid the floor price system. The market started on a positive note and the upw...

Pandemic forces people to spend savings for survival

Pandemic forces people to spend savings for survival

-- 2020-07-20 13:09:41

Farida Akhter, a homemaker living in Dhaka's Basabo, bought a 'Paribarik Sanchayapatra', a savings instrument, worth Tk 1.0 million two years ago. She used to draw Tk 8,640 a month in interest from it...

RMG export earnings in July 1-18 total $1.57b

RMG export earnings in July 1-18 total $1.57b

Monira Munni 2020-07-20 10:13:18

The country's ready-made garment (RMG) export earnings in the first 18 days of July stood at US$1.57 billion despite the Covid-19 pandemic, which local manufacturers consider as a good sign of revivin...

Indices of bourses escape large fall during Jan to March

Indices of bourses escape large fall during Jan to March

Mohammad Mufazzal 2020-07-20 09:49:36

Benchmark indices of both the bourses witnessed moderate correction against the sharp losses observed by some of the indices of south Asian stock exchanges amid Covid-19 pandemic. The market insiders...

Power Division implements 94pc project work under ADP

Power Division implements 94pc project work under ADP

FE REPORT 2020-07-20 09:40:21

The Power Division under the Ministry of Power, Energy and Mineral Resources, or MPEMR, has implemented 94.40 per cent of project work under the Annual Development Programme, or ADP, in the last fis...

NBR plans to prod taxpayers

NBR plans to prod taxpayers

DOULOT AKTER MALA 2020-07-20 09:36:37

The National Board of Revenue (NBR) has revived its plan to identify barriers that constrain making the online income tax returns user-friendly. The income tax wing of the board has formed a high-pow...

Interest rate spread on decline

Interest rate spread on decline

SIDDIQUE ISLAM 2020-07-20 09:34:09

Interest rate spread in the country's banking system improved slightly in May as banks slashed interest rates on deposits more than on lending. The spread defined as the gap between lending and depos...

ADB reorganises projects to offset pandemic effect

ADB reorganises projects to offset pandemic effect

SYFUL ISLAM 2020-07-20 09:25:01

The Asian Development Bank or ADB has reshuffled the current year's projects, pushed back a few and included some fresh programmes with the objective of offsetting the impact of the pandemic on life...

Stocks extend losses as Eid nears

Stocks extend losses as Eid nears

FE ONLINE REPORT 2020-07-19 16:17:37

Stocks extended the losing streak for the fifth straight session on Sunday as the risk-averse investors continued their sell-offs ahead of Eid-ul-Azha. Market operators said some retail investors sol...

Stocks witness sharp fall at open

Stocks witness sharp fall at open

FE ONLINE REPORT 2020-07-19 11:36:51

Stocks witnessed sharp decline in early trading on Sunday as investors mostly followed cautious stance amid ongoing virus fears. Within 30 minutes of trading, DSEX, the key index of DSE, lost more th...

Republic Insurance declares 14pc dividend

Republic Insurance declares 14pc dividend

FE Online Report 2020-07-19 11:35:06

The board of directors of Republic Insurance Ltd has recommended 7.0 per cent cash and 7.0 per cent stock dividend for the year ended on December 31, 2019. The final approval will come during the ann...

$3.0b RMG payment uncertain

$3.0b RMG payment uncertain

FE REPORT 2020-07-19 09:38:55

The readymade garment industry might fail to realise or face deferred payment worth US$3.0 billion because of the Covid-19 pandemic, exporters say. Local clothing exporters faced $3.18 billion work o...

'Easier SME financing the key to recovery'

'Easier SME financing the key to recovery'

FE REPOR 2020-07-19 09:28:55

Easy access to finance for smaller enterprises is required for employment generation and economic recovery during and after the pandemic, experts said on Saturday. They also called for creating a pro...

‘13 banks form low-interest special fund for capital market’

‘13 banks form low-interest special fund for capital market’

-- 2020-07-18 20:56:54

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam has said that a total of 13 banks have formed low-interest special fund to invest in the capital market...

Lower budgetary allocation brings challenges to RHD

Lower budgetary allocation brings challenges to RHD

MUNIMA SULTANA 2020-07-18 12:44:40

With the road network expanding, lower budgetary allocation for road development and maintenance work in this fiscal year is likely to put the authorities concerned in a fix. Although budgetary alloc...

BSEC extends timeframe for provisioning against unrealised losses

BSEC extends timeframe for provisioning against unrealised losses

FE REPORT 2020-07-18 10:52:26

The securities regulator has extended the timeframe for keeping provision against unrealised losses in accounts of the stock dealer, stockbrokers, and merchant banks' own and their client portfolios u...

Weekly review: Stocks stay positive despite sell-offs

Weekly review: Stocks stay positive despite sell-offs

FE REPORT 2020-07-18 10:43:26

Stocks kept the positive trend for the fourth straight week that ended on Thursday despite the last four sessions of the week witnessed profit booking sell-offs. The week featured five trading sessio...

Foreign funds in stocks keep falling amid bearish mkt

Foreign funds in stocks keep falling amid bearish mkt

Babul Barman 2020-07-18 10:31:44

Net foreign investment in the Dhaka bourse has been on a downward trend for the last 14 straight months as the overseas investors continued to pull out their fund amid prolonged bearish market trend....

Rewriting forex rules gains pace

Rewriting forex rules gains pace

JASIM UDDIN HAROON 2020-07-18 10:07:44

The government has expedited the process of replacing more than 70-year-old foreign exchange regulations in order to attract investments while improving the ease of doing business. The foreign exch...

Adopt action plan for four SoCBs to meet capital shortfalls

Adopt action plan for four SoCBs to meet capital shortfalls

REZAUL KARIM 2020-07-18 09:39:08

Bangladesh Bank (BB) has suggested the government adopt time-bound action plan for four state-owned commercial banks (SoCBs) to meet their existing capital shortfalls and make them operationally sound...