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The Financial Express

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Sea Pearl price soars 46pc in five sessions

Sea Pearl price soars 46pc in five sessions

FE Report 2020-01-23 11:33:49

The share price of Sea Pearl Beach Resort & Spa rose 46 per cent in last five sessions executed from the day of publishing quarterly statement that shows the company's EPS has declined. The compa...

Govt to focus on financing next planning blueprint

Govt to focus on financing next planning blueprint

FHM HUMAYAN KABIR 2020-01-23 11:08:15

The government and donors will gather in the capital next week in a traditional parley to discuss national and global agenda, officials said on Wednesday. The Bangladesh Development Forum (BDF), sche...

Job growth rate too slow to meet 2030 target

Job growth rate too slow to meet 2030 target

FE REPORT 2020-01-22 10:05:19

Discussants at a dialogue held in Dhaka on Tuesday suggested the government not judging the country's macroeconomic scenario only by the growth rate but also by the generation of new jobs. The sugges...

Country gets $153.13b remittance in decade

Country gets $153.13b remittance in decade

BSS 2020-01-21 18:46:27

More than 6.60 million trained workers got employments abroad in the last one decade, from 2009 to 2019, and they remitted around $153.13 billion during the period. Expatriates’ Welfare and Ove...

ECNEC okays TK 205.26b project to establish 329 technical school and colleges

ECNEC okays TK 205.26b project to establish 329 technical school and colleges

-- 2020-01-21 16:36:23

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved a Taka 205.26 billion project to set up some 329 technical school and colleges at upazila level in a bid to build s...

Beacon Pharma tops turnover chart

Beacon Pharma tops turnover chart

FE Report 2020-01-21 10:55:40

Beacon Pharmaceuticals on Monday topped the scrip-wise turnover chart riding on investors' increased participation in main board and the transactions executed in block board. On the day, the company...

NBR to cut duty benefit on 21 power plant items

NBR to cut duty benefit on 21 power plant items

DOULOT AKTER MALA 2020-01-21 10:37:28

The National Board of Revenue (NBR) is going to cut duty-free benefit on import of 21 types of power plant equipments, categorising them 'locally available and consumable products.' The decision has...

SoEs' fund deposit: SoCBs to give 5.5pc interest rate

SoEs' fund deposit: SoCBs to give 5.5pc interest rate

FE REPORT 2020-01-21 10:34:33

State-owned enterprises (SoEs), which will deposit their funds in private commercial banks (PCBs) and financial institutions (FIs), will get interest at 6.0 per cent rate, and at 5.5 per cent from sta...

Merchant bankers' plea for raising funds

Merchant bankers' plea for raising funds

FE REPORT 2020-01-21 10:25:29

Merchant bankers on Monday called for increased fund support and quality public offerings to help restore stability in the country's capital market. To attract good and sound companies to the stock m...

Budget revision: Govt wants ministries to stick to original outlay

Budget revision: Govt wants ministries to stick to original outlay

JASIM UDDIN HAROON 2020-01-21 10:11:01

The government has alerted its ministries and divisions to avoid spending beyond the original budget allocations as resource mobilisation becomes slower. The push comes at the meetings on budget revi...

Emphasis on circular economy to address climate crisis, inequality, poverty

Emphasis on circular economy to address climate crisis, inequality, poverty

FE ONLINE REPORT 2020-01-20 19:30:20

Adopting circular economic principles can address overall climate crisis, global inequality and alleviate poverty. Experts came up with the remark on Monday at a panel discussion titled 'Circular Eco...

Govt allows state-owned cos to deposit 50pc of funds in private banks

Govt allows state-owned cos to deposit 50pc of funds in private banks

-- 2020-01-20 17:37:48

The government has allowed state-owned companies to deposit up to 50 per cent of their surplus funds in private banks and non-bank financial institutions. The finance ministry’s Financial Insti...

BIBM workshop on Outsourcing in Financial Service Sector Jan 21

BIBM workshop on Outsourcing in Financial Service Sector Jan 21

FE Online Desk 2020-01-20 13:37:34

A Discussion Workshop on Outsourcing in Financial Service Sector (in association with BACCO & LICT) will be held at the auditorium of Bangladesh Institute of Bank Management on January 21. Mr. Zu...

Bangladesh’s exports to India cross $1.0b in 2019

Bangladesh’s exports to India cross $1.0b in 2019

FE REPORT 2020-01-20 11:25:30

Bangladesh's exports to India crossed US $ 1.0 billion mark in the last calendar year (2019), said Gurvinder Singh, Director (exhibitions) of Engineering Export Promotion Council of India (EEPC Indi...

Padma Oil Co approves 130pc dividend

Padma Oil Co approves 130pc dividend

Our Correspondent 2020-01-20 11:22:10

Padma Oil Company Limited (POCL), a leading fuel oil company of the country, has approved 130 per cent dividend for shareholders of the company for the 2018-19 financial year. The approval came at th...

Govt's credit growth target raised for H2

Govt's credit growth target raised for H2

FE Report 2020-01-20 10:00:36

Higher borrowing of the government during the first half (H1) of the current fiscal year (FY20) compelled the central bank to revise the growth rate of the borrowing significantly upward for the secon...

BB rolls out capital market support plan this week

BB rolls out capital market support plan this week

SIDDIQUE ISLAM 2020-01-20 09:47:27

The central bank is set to announce a long-term comprehensive plan this week aiming to support sustainable development of the country's capital market. Under the plan, the Bangladesh Bank (BB) will...

Dhaka stocks notch biggest gain since 2013

Dhaka stocks notch biggest gain since 2013

-- 2020-01-19 15:39:08

Dhaka stocks have gained 5.6 per cent, the biggest jump since the key index DSEX was introduced in January 2013. The shares on the Dhaka Stock Exchange were buoyed by Prime Minister Sheikh Hasina&rsq...

FDI stuck in low gear

FDI stuck in low gear

JUBAIR HASAN 2020-01-19 10:35:20

The declining trend in the net inflows of foreign direct investment, or FDI, in the country sustained until the third quarter of the immediate past calendar year, according to government data. The...

BD economy may grow by 7.80pc in FY20: UN

BD economy may grow by 7.80pc in FY20: UN

Asjadul Kibria 2020-01-18 17:35:15

Growth rate of the Gross Domestic Product (GDP) of Bangladesh may decline to 7.80 per cent in the current fiscal year (FY20) from 8.10 per cent in the previous fiscal year. Nevertheless, the projecte...

BB underscores branding of local teas

BB underscores branding of local teas

FE Online Report 2020-01-18 12:13:35

The central bank of Bangladesh has underscored branding of local varieties of tea to access the global market. “Branding is a vital factor for marketing the product in the international market,...

Secondary trading of treasury bills, bonds up by 89pc in 2019

Secondary trading of treasury bills, bonds up by 89pc in 2019

FE Online Report 2020-01-18 11:48:01

Secondary trading of the government’s fixed income tradable securities jumped by 89.21 per cent in the last calendar year, according to the central bank statistics. It showed that the total val...

Weekly review: Investors welcome PM's directives on mkts

Weekly review: Investors welcome PM's directives on mkts

FE Report 2020-01-18 10:37:50

Some market supportive measures helped Dhaka stocks end the sharp losing streak in the week ended on Thursday. Out of five trading sessions, the DSE broad index witnessed sharp fall in first three se...

Prices of five large-cap companies up

Prices of five large-cap companies up

FE Report 2020-01-18 10:31:32

The share prices of five large cap companies closed positively on Thursday following investors' increased participation. On the day, the DSEX, broad index of Dhaka Stock Exchange (DSE), also posted a...

Japanese 41st ODA fund use unsatisfactory

Japanese 41st ODA fund use unsatisfactory

SYFUL ISLAM 2020-01-18 10:19:28

The fund disbursement for 31 projects under the 41st Official Development Assistance (ODA) programme in nine months was only 42 per cent of the target which Japanese officials termed as unsatisfactory...

Indian LoCs: Project deadlines see pushback

Indian LoCs: Project deadlines see pushback

Mir Mostafizur Rahaman 2020-01-18 10:10:47

Dozens of projects for which the Indian government extended three credit lines over the past decade shows a dismal picture in project management, according to the latest review. According to the docu...

Unconventional non-bank debt up

Unconventional non-bank debt up

JASIM UDDIN HAROON 2020-01-18 09:56:21

The government's non-bank borrowing from unconventional sources has been growing fast, driven by its needs to meet higher public spending. Apart of savings tools, non-bank instruments include provide...

Dhaka, Delhi discuss joint study on proposed economic partnership deal

Dhaka, Delhi discuss joint study on proposed economic partnership deal

-- 2020-01-17 12:39:47

Bangladesh and India have discussed a number of issues of mutual interest including border haats and joint study for the proposed 'Comprehensive Economic Partnership Agreement' between the two countri...

DSEX adds 21 stocks, drops 18

DSEX adds 21 stocks, drops 18

FE Report 2020-01-17 11:04:55

The Dhaka Stock Exchange (DSE) has rebalanced two equities indices -- DSEX and DS30 -- as per the criteria set by S&P Dow Jones. It has added 21 companies to the DSEX, the benchmark index, and de...

'Non-execution of Delta Plan to shrink GDP'

'Non-execution of Delta Plan to shrink GDP'

FE Report 2020-01-17 10:21:01

The execution of a longer-term development blueprint will raise Bangladesh's annual economic growth by 1.5 percentage points, considering the impact of climate change. But if the government's Delta P...