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City Bank to issue Tk 4.0b perpetual bonds

City Bank to issue Tk 4.0b perpetual bonds

FE Online Report 2019-07-29 11:55:49

The board of directors of The City Bank Limited has decided to raise Tk 4.0 billion through issuance of perpetual bonds, said an official disclosure on Monday. The City Bank will issue the bonds fo...

Stocks post marginal gain at opening

Stocks post marginal gain at opening

FE Online Report 2019-07-29 11:50:52

Stocks witnessed modest gain in early trading on Monday, after passing a flat session in the previous day, as some investors were active on sector specific issues. Following the previous day’...

Progressive Life declares dividends

Progressive Life declares dividends

FE Report 2019-07-29 10:54:50

The board of directors of Progressive Life Insurance has recommended 'no' dividend for two consecutive years - one ending on December 31, 2013 and the other on December 31, 2014. However, the board...

United Power leads turnover chart

United Power leads turnover chart

FE Report 2019-07-29 10:51:49

Ten most traded companies accounted for 28 per cent of transactions on the Dhaka Stock Exchange (DSE) on Sunday, with the United Power Generation and Distribution Company Ltd. securing the top spot on...

Coppertech gets DSE listing nod

Coppertech gets DSE listing nod

FE Report 2019-07-29 10:38:48

The country's premier bourse has finally given the go-ahead to enlist the much-anticipated Coppertech Industries. The Dhaka Stock Exchange (DSE) sent a letter to the company on Sunday, approving it...

Monetary policy to beef up capital market

Monetary policy to beef up capital market

Siddique Islam 2019-07-29 09:49:16

The central bank is set to unveil its first half-yearly (H1) monetary policy for the current fiscal year, 2019-20, on Wednesday, with the policy rates likely to remain unchanged. The monetary instrum...

BB to unveil MPS on Wednesday

BB to unveil MPS on Wednesday

-- 2019-07-28 20:08:23

The Bangladesh Bank will unveil its monetary policy statement (MPS) for the first half of the current fiscal year (2019-20) on Wednesday. “BB Governor Fazle Kabir will unveil the MPS at 11.30am...

Stocks end almost flat after choppy trading

Stocks end almost flat after choppy trading

FE Online Report 2019-07-28 16:04:19

Stocks ended almost flat on Sunday after choppy trading as investors mostly followed cautious stance amid prevailing volatile market trend. Market analysts said a section of investors became active i...

Industrial share of GDP to reach 40pc by 2021: Humayun

Industrial share of GDP to reach 40pc by 2021: Humayun

-- 2019-07-28 15:24:34

Industries minister Nurul Majid Mahmud Humayun today (Sunday) said contribution of industrial sector to GDP will reach 40 per cent by 2021 as the government is providing all sorts of efforts in this r...

Bata Shoe’s EPS slumps 54pc in Q2

Bata Shoe’s EPS slumps 54pc in Q2

FE Online Report 2019-07-28 14:04:52

The Bata Shoe Company’s (Bangladesh) earnings per share (EPS) plummeted 54 per cent in April-June quarter (Q2) of 2019 compared to the corresponding period of the previous year. The multination...

Stocks witness uptrend in early trading

Stocks witness uptrend in early trading

FE Online Report 2019-07-28 11:36:40

After a volatile week, stocks witnessed an upward trend in early trading on Sunday as some investors were active on sector specific shares. Following the previous week’s flat ending, the Dhaka...

MTB sees steady growth

MTB sees steady growth

FE Report 2019-07-28 10:54:29

Mutual Trust Bank (MTB), a leading private commercial bank, has witnessed a steady growth in financial indicators. Skilled human resources and tech-savvy products of the bank played important roles...

Liquidity shortage pushes up private banks’ deposit rates

Liquidity shortage pushes up private banks’ deposit rates

Siddique Islam 2019-07-28 09:53:26

The ongoing liquidity crunch has forced many private commercial banks to raise their deposit rates, particularly that of term deposits. The hike has made the government move to lower the lending rate...

Fortune Shoes shines bright on weekly turnover chart

Fortune Shoes shines bright on weekly turnover chart

FE Report 2019-07-27 10:53:17

Ten most traded companies accounted for 23 per cent transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with the Fortune Shoes making it to the top of the turnover list again. Mark...

Stocks crawl back into green on regulatory interventions

Stocks crawl back into green on regulatory interventions

Babul Barman 2019-07-27 10:23:33

Stocks inched up in the outgoing week, snapping a three-week losing streak, as institutional investors came forward to stop the big declines. Week on week, DSEX, the prime index of the Dhaka Stock Ex...

BIDA's tax-reform recipe to NBR

BIDA's tax-reform recipe to NBR

Doulot Akter Mala 2019-07-27 09:40:39

The Bangladesh Investment Development Authority (BIDA) has requested the National Board of Revenue (NBR) to initiate some tax reforms as suggested in an action plan, prepared to help improve the count...

BEZA allocates 6,077 acres land for 53 industrial units at BSMSN

BEZA allocates 6,077 acres land for 53 industrial units at BSMSN

-- 2019-07-26 21:47:56

The Bangladesh Economic Zones Authority (BEZA) has allocated a total of 6,077 acres of land among the 53 business houses in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram for setting...

$1.0t dream budget before 2034: Kamal

$1.0t dream budget before 2034: Kamal

FE Report 2019-07-26 11:28:20

Finance minister AHM Mustafa Kamal said on Thursday the size of the country's annual budget would stand at $1.0 trillion even before 2034. "Such a $1.0-trillion budget is our dream and we'll reach th...

BB raises maximum limit of US dollar for travellers

BB raises maximum limit of US dollar for travellers

FE Report 2019-07-26 11:21:38

The central bank has increased the maximum limit of cash US dollar for travellers' to $12,000 from the existing level of $5,000 and $7,000 for a calendar year. The revised limit of foreign exchange f...

Suspension of approvals to affect other businesses also: GP

Suspension of approvals to affect other businesses also: GP

FE Report 2019-07-26 11:15:30

Grameenphone (GP), the country's largest mobile phone operator, has protested the telecom regulator's decision to withhold issuing any kind of approvals, including NOCs (no-objection certificate), t...

Shahjalal Islami Bank approves 10pc stock div

Shahjalal Islami Bank approves 10pc stock div

FE Desk Report 2019-07-26 11:11:03

The 18th annual general meeting (AGM) of Shahjalal Islami Bank Limited was held at RAOWA Convention Hall-1 in Dhaka on Thursday, with Chairman of the Board of Directors of the bank Akkas Uddin Mollah...

WB likely to give $4.5b aid to BD in three years

WB likely to give $4.5b aid to BD in three years

FHM Humayan Kabir 2019-07-26 11:08:55

The World Bank (WB) is likely to provide some US$ 4.5 billion assistance to Bangladesh in next three years, officials said early this week. The Economic Relations Division (ERD) officials said the Wa...

United Power generates highest turnover

United Power generates highest turnover

FE Report 2019-07-26 11:06:15

The ten most traded companies accounted for 29 per cent transactions on the Dhaka Stock Exchange (DSE) on Thursday, with the United Power bagging the top spot of the turnover list. Market analysts...

‘Budget for 2034 will be of a trillion dollar’

‘Budget for 2034 will be of a trillion dollar’

-- 2019-07-25 16:40:24

Finance Minister AHM Mustafa Kamal on Thursday said that the national budget in Bangladesh for the year 2034 will reach around a trillion US dollar, reports UNB. “We’ve given over Taka Fi...

Delta Life Insurance approves 26pc cash dividend

Delta Life Insurance approves 26pc cash dividend

FE Online Desk 2019-07-25 15:06:17

The board of directors of Delta Life Insurance Company Limited has approved 26 per cent cash dividend for each share of Tk 10 for the year 2018. Chairman of the board of directors Lt Gen M Noor Uddin...

GSK’s EPS jumps 206pc in April-June

GSK’s EPS jumps 206pc in April-June

FE Online Report 2019-07-25 12:19:49

The GlaxoSmithKline (GSK) Bangladesh’s earnings per share (EPS) soared 206 per cent in April-June (Q2) quarter of 2019 compared to the same period last year. The multinational company’s...

Marico declares 250pc interim cash div

Marico declares 250pc interim cash div

FE Online Report 2019-07-25 12:11:21

The board of directors of the Marico Bangladesh Ltd has declared 250 per cent interim cash dividend based on three months financials for the period ended on June 30, 2019. The record date for entitle...

Stocks witness mild upturn in early trading

Stocks witness mild upturn in early trading

FE Online Reports 2019-07-25 12:09:32

Stocks witnessed a moderate upward trend in early trading on Thursday, after passing a flat session in the previous day, as some investors were active on sector specific shares. Following the previou...

BSEC asks DSE to take steps for Coppertech listing

BSEC asks DSE to take steps for Coppertech listing

FE Report 2019-07-25 10:48:37

The securities regulator has asked the premier bourse to take steps for the listing of Coppertech Industries as per the section 5(4) of the listing regulations. The Bangladesh Securities and Exchange...

Square Pharma tops DSE turnover chart

Square Pharma tops DSE turnover chart

FE Report 2019-07-25 10:46:31

The ten most traded companies accounted for 26 per cent transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with Square Pharmaceuticals bagging the top spot on the turnover chart. Market...