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The Financial Express

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Delta Hospital share bidding to begin Mar 22

Delta Hospital share bidding to begin Mar 22

FE Online Report 2020-03-05 14:54:31

The bidding period for eligible investors to discover the cut-off price of Delta Hospital Limited shares through electronic subscription system will commence from March 22. The electronic bidding wil...

Tax receipts from DSE slump 38pc in 8 months

Tax receipts from DSE slump 38pc in 8 months

Babul Barman 2020-03-05 10:57:20

The government's revenue earnings from the Dhaka Stock Exchange (DSE) fell 38 per cent year-on-year in eight months in the current fiscal year as trading volume was on the decline. Market analysts sa...

BSEC for allowing TREC to foreign firms

BSEC for allowing TREC to foreign firms

Mohammad Mufazzal 2020-03-05 10:51:53

The securities regulator has moved to issue fresh TREC (Trading Right Entitlement Certificate), to any firms, including foreign ones, for conducting trading operations in the country's capital market....

Central Pharma's share price soaring sans PSI

Central Pharma's share price soaring sans PSI

FE Report 2020-03-05 10:37:06

The share price of Central Pharmaceuticals Ltd is soaring without having any undisclosed price sensitive information. Within a month, the company's share price almost doubled to reach at Tk 16.90 on...

MCCI portrays a mixed picture, lists challenges

MCCI portrays a mixed picture, lists challenges

FE REPORT 2020-03-05 10:16:02

Outlining multiple challenges facing the country on business and fiscal fronts, the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, a leading trade body, has suggested that the government...

Special funds for capital mkt: Most PCBs still remain undecided

Special funds for capital mkt: Most PCBs still remain undecided

FE Report 2020-03-05 09:59:03

The central bank's special fund proposal for investment in the capital market has not seen much progress, as most of the private commercial banks (PCBs) are yet to make any concrete decision to that e...

BAPEX announces discovery of new gas field in Cumilla

BAPEX announces discovery of new gas field in Cumilla

-- 2020-03-04 18:21:57

The Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) announced discovery of a new gas field in Srikail of Cumilla’s Muradnagar upazila on Tuesday. The digging work starte...

South Korean company to invest $6.0m in Mongla EPZ

South Korean company to invest $6.0m in Mongla EPZ

-- 2020-03-04 16:53:11

South Korean Company Ms Jong Hyun Hi-Tech Industries Company Limited is going to establish a polyester staple fiber (PSF) manufacturing industry with an investment of US$ 6.0 million in Mongla Export...

Stocks back in the red amid low turnover

Stocks back in the red amid low turnover

FE ONLINE REPORT 2020-03-04 16:24:32

Stocks slipped back to the red on Wednesday, snapping a two-day gaining streak, as cautious investors went on selling binge on sector-wise stock DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Stocks witness modest gain at opening

Stocks witness modest gain at opening

FE Online Report 2020-03-04 11:48:09

Stocks witnessed a modest gain in early hours of trading on Wednesday as optimistic investors are showing their appetite on sector-wise shares. Following the previous two days’ gain, the Dhaka...

Envoy Textiles to issue preference shares

Envoy Textiles to issue preference shares

FE Report 2020-03-04 10:32:45

Envoy Textiles will raise a capital worth Tk 870 million issuing cumulative preference shares to expand business and repay high cost debt. The Bangladesh Securities and Exchange Commission (BSEC) on...

Top ten cos snare one-fifth turnover

Top ten cos snare one-fifth turnover

FE Report 2020-03-04 10:31:16

VFS Thread Dyeing dominated the Dhaka bourse's transaction chart Tuesday while ten most-traded stocks accounted for more than one-fifth transaction. Market operators said investors continued to show...

Inflation drops further in February

Inflation drops further in February

FE Online Report 2020-03-03 20:10:32

Monthly inflation rate, calculated on the basis of consumer price index (CPD), declined further in February this year to 5.46 per cent from 5.57 per cent in January. The rate was recorded at 5.75 per...

HC issues rule on 9pc interest rate

HC issues rule on 9pc interest rate

-- 2020-03-03 17:37:34

The High Court has issued a rule questioning the legality of Bangladesh Bank's circular fixing the interest rate on all loans, except for credit cards, at 9 per cent. Justice Abu Taher Md Saifur Rahm...

BEZA gets $20.5b investment proposals

BEZA gets $20.5b investment proposals

-- 2020-03-03 14:57:16

Bangladesh Economic Zones Authority (BEZA) has received investment proposals amounting to around 20.50 billion US Dollar from 151 local and foreign business entities, officials said. Out of the inves...

Stocks open on positive note amid low turnover

Stocks open on positive note amid low turnover

FE Online Report 2020-03-03 11:47:24

Stocks witnessed upward trend in early hours of trading on Tuesday as optimistic investors are showing their appetite on sector-wise shares. Following the previous day’s modest gain, the Dhaka...

DCCI for active bond market

DCCI for active bond market

FE REPORT 2020-03-03 11:37:21

The Dhaka Chamber of Commerce and Industry (DCCI) put forward on Monday a set of recommendations to the government that include development of bond market and infrastructure for the country's economic...

Capital mkt needs quality IPOs

Capital mkt needs quality IPOs

FE Report 2020-03-03 11:31:05

The country's capital market requires more companies having good fundamentals to enhance the market cap to GDP (gross domestic product) ratio like other neighbouring countries. The chairman of Dhaka...

Far Chemical generates highest turnover

Far Chemical generates highest turnover

FE Report 2020-03-03 11:29:33

Ten most-traded stocks accounted for 23 per cent transaction of Dhaka Stock Exchange (DSE) on Monday while Far Chemical Industries topped the turnover chart. Market insiders said investors continue...

Single-digit interest rate: ICB wants in on new regime

Single-digit interest rate: ICB wants in on new regime

SYFUL ISLAM 2020-03-03 10:55:07

The Investment Corporation of Bangladesh, or ICB, has requested the government to cut interest rate on term deposits it took from banks to support the stock market. Presently, the corporation has som...

Import fall pushes up tax revenue shortfall

Import fall pushes up tax revenue shortfall

FE Report 2020-03-03 10:50:10

Tax revenue shortfall aggravated further, hovering to a deficit worth Tk 374.97 billion against its target until January of the current fiscal year (FY), 2019-20, largely due to fall in import of reve...

Labour-saving tech shrinks job growth

Labour-saving tech shrinks job growth

FE REPORT 2020-03-03 09:54:14

Employment growth in the manufacturing sector has decelerated in recent years, accelerated by investment in higher productivity, according to an economist. Rizwanul Islam, visiting senior fellow of t...

Stocks break week-long losing streak

Stocks break week-long losing streak

FE Online Report 2020-03-02 15:58:11

Stocks rebounded in the positive terrain on Monday, snapping a seven-day losing streak, as bargain hunters showed their buying appetite on sector-wise shares. DSEX, the prime index of the Dhaka Stock...

Seminar on Role of Financial Reporting Tuesday

Seminar on Role of Financial Reporting Tuesday

FE Online Desk 2020-03-02 13:13:20

A seminar on “The Role of Financial Reporting in the Development of Capital Market, arranged by Bangladesh Merchant Bankers Association (BMBA) will be held on Tuesday. Dr. Mashiur Rahman, Econo...

IDLC to launch its first venture capital fund

IDLC to launch its first venture capital fund

FE Online Desk 2020-03-02 13:03:27

IDLC Finance will launch its first venture capital fund Tuesday. The launching event will be graced by Member of Parliament & State Minister of Information and Technology Division, Zunaid Ahmed P...

Bourses open higher amid low turnover

Bourses open higher amid low turnover

FE Online Report 2020-03-02 11:30:45

Stocks witnessed positive trend in early hours of trading on Monday as some investors are showing their buying appetite on sector-wise issues. Following the previous seven days’ fall, the Dhaka...

Listed cos under banking, NBFI, ins sectors should comply with IFRS

Listed cos under banking, NBFI, ins sectors should comply with IFRS

FE Desk Report 2020-03-02 11:19:21

All listed entities encompassing banks, non-banking financial institutions (NBFIs) and insurance sectors should follow the international financial reporting standards (IFRS) to ensure transparency and...

July-Feb remittance flow crosses $12b

July-Feb remittance flow crosses $12b

SIDDIQUE ISLAM 2020-03-02 10:15:09

The flow of inward remittances crossed US$12 billion in the first eight months of this fiscal year (FY), despite a significant fall in February, officials said. The inflow of remittances grew by more...

Stocks extend losses for seven days

Stocks extend losses for seven days

FE Online Report 2020-03-01 17:35:50

Stocks extended the losing streak for the seven straight sessions on Sunday as worried investors continued to dump their holdings, fearing further fall of share price. DSEX, the prime index of the Dh...

Writ challenges BB circular on single-digit loan interest

Writ challenges BB circular on single-digit loan interest

-- 2020-03-01 15:46:31

A writ petition was filed with the High Court on Sunday challenging a Bangladesh Bank circular that fixed 9 per cent loan interest. Law student Mahfuzur Rahman filed the petition with the High Court,...