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The Financial Express

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FY ’16 to be new GDP base year

FY ’16 to be new GDP base year

Yasir Wardad 2019-02-20 10:20:18

The local statistical agency has said it will adopt a new base year for calculating the Gross Domestic Product (GDP) effective from July 2020 and it is expected to raise the size of the economy by a...

Move to raise Tk 8.78t from bond mkt to propel economic growth

Move to raise Tk 8.78t from bond mkt to propel economic growth

Siddique Islam 2019-02-20 09:57:02

Coordinated efforts are on to raise Tk 8.78 trillion from the bond market for achieving 8.0 per cent plus economic growth by 2021, officials said. To this end, a tripartite committee has already been...

Stocks post marginal gain amid cautious trading

Stocks post marginal gain amid cautious trading

FE Online Report 2019-02-19 15:50:00

Daily trade turnover on prime bourse dipped below Tk 7.0-billion mark Tuesday after six weeks as most of the investors reluctant to make fresh investment in stocks. Turnover, a crucial indicator of t...

Stocks fall on selling binge

Stocks fall on selling binge

FE Online Report 2019-02-19 11:29:07

The prices of most of the shares on bourses witnessed downward trend in early hour of trading on Tuesday as investors continued their selling binge. Following the previous day’s sharp fall, the...

IDLC's performance highlights show resilience in 2018

IDLC's performance highlights show resilience in 2018

FE Desk Report 2019-02-19 10:50:10

IDLC Finance's total loan book increased by 17.39 per cent and now stands at BDT 83.9 billion in 2018. NPLs reduced to 2.20 per cent from 2.77 per cent in the previous year, reflecting an improvement...

StanChart projects 7.2pc growth for Bangladesh

StanChart projects 7.2pc growth for Bangladesh

FE Report 2019-02-19 09:46:04

Bangladesh economy is likely to grow at a rate of 7.2 per cent during the ongoing and the next fiscal years (FY), according to projections of the Standard Chartered (StanChart). "We project the Bangl...

Kishoreganj EZ obtains final licence

Kishoreganj EZ obtains final licence

-- 2019-02-18 20:35:40

The Kishoreganj Economic Zone (KEZ), a concern of Nitol Niloy Group, has obtained final licence from Bangladesh Economic Zones Authority (BEZA). BEZA Executive Chairman Paban Chowdhury handed over th...

Public subscription of New Line Clothings opens

Public subscription of New Line Clothings opens

FE Online Report 2019-02-18 18:42:06

Public subscription New Line Clothings opened on Monday which will raise a fund worth Tk 300 million from the capital market under the fixed price method. The initial public offering (IPO) subscripti...

DSEX slumps to six-week low on selling binge

DSEX slumps to six-week low on selling binge

FE Online Report 2019-02-18 17:01:00

Stocks plummeted on Monday, after remaining positive in the past three sessions as risk-averse investors went on selling binge. Market analysts said cautious investors sold amid disappointing earning...

Guardian Life posts 300pc growth in two straight years

Guardian Life posts 300pc growth in two straight years

FE Report 2019-02-18 14:41:10

Guardian Life Insurance Limited, the fastest growing life insurance company in Bangladesh, saw over 300 per cent growth rate in the last two consecutive years -- 2016 and 2017. The country's leading...

Bourses open downwards

Bourses open downwards

FE Online Report 2019-02-18 11:29:18

The prices of most of the shares on both the bourses witnessed a downward trend in the early hour of trading on Monday as risk-averse investors were selling shares on sector-wise stocks. Following th...

IDLC Finance recommends 35pc dividend

IDLC Finance recommends 35pc dividend

FE Online Report 2019-02-18 11:00:56

The board of directors of IDLC Finance Ltd has recommended 35 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Monday. The final approval of the dividend...

MBL businesses to grow more, two new subsidiaries in the offing

MBL businesses to grow more, two new subsidiaries in the offing

Special Correspondent 2019-02-18 10:45:06

Mercantile Bank Ltd (MBL) during the last three years witnessed a solid growth in all parameters of businesses due to concerted efforts, performed by a team of committed and dedicated professionals....

New money laundering rules define working areas of investigators

New money laundering rules define working areas of investigators

Doulot Akter Mala 2019-02-18 10:28:06

The Ministry of Finance (MoF) has issued the long-awaited rules of the Money Laundering Prevention Act 2012 by defining working areas of the investigators. Six government entities empowered to prob...

DSE for imposing lock-in on sponsors’ bonus shares

DSE for imposing lock-in on sponsors’ bonus shares

FE Report 2019-02-18 09:54:34

The Dhaka Stock Exchange (DSE) will sit with the securities regulator soon with a set of proposals to dig out the listed companies' wrongdoings that affect the interest of general investors. Before s...

Stocks begin week on positive note

Stocks begin week on positive note

FE Online Report 2019-02-17 17:53:55

Stocks ended marginally higher on opening day of the week as some investors showed their buying appetite on sector specific shares. Market analysts said bargain hunters took position on stocks whic...

Stocks end in green amid low turnover

Stocks end in green amid low turnover

FE Online Report 2019-02-17 15:58:30

Stocks ended marginally higher amid low turnover on Sunday, opening day of the week, as some investors showed their buying appetite on sector specific shares. Market analysts said bargain hunters too...

JMI to sell 11.10m shares to NIPRO at Tk 164.10 each

JMI to sell 11.10m shares to NIPRO at Tk 164.10 each

FE Online Report 2019-02-17 12:23:29

JMI Syringes & Medical Devices has decided to sell per share at Tk 164.10 to NIPRO Corporation of Japan, including Tk 154.10 as a premium. The decision was taken at an extra-ordinary general meet...

Shasha Denims to acquire 80pc stakes in EOS Textile

Shasha Denims to acquire 80pc stakes in EOS Textile

FE Online Report 2019-02-17 12:19:09

Shasha Denims has decided to acquire 80 per cent stakes in EOS Textile Mills instead of earlier decision of 40 per cent shares at a value of US$ 12 million (Tk 1,014 million). EOS Textiles Mills, a 1...

Stocks rise in early trading; DSEX gets 26 points

Stocks rise in early trading; DSEX gets 26 points

FE Online Report 2019-02-17 11:48:55

The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Sunday as investors are showing their buying spree. Following the previous week’s correction, th...

IPO subscription of New Line Clothings begins Monday

IPO subscription of New Line Clothings begins Monday

FE Report 2019-02-17 10:48:18

The subscription of initial public offering (IPO) of New Line Clothings will begin tomorrow (Monday). Through the IPO, the company will raise a fund worth Tk 300 million (30 crore) from the capital m...

Extended plant of GPH Ispat goes into production by June

Extended plant of GPH Ispat goes into production by June

Our Correspondent 2019-02-17 10:43:19

The extended plant of GPH Ispat is going into production with electric ark furnace quantum method (EAFQM) by June this year which will turn it into a reputed brand. This will enlighten the image of B...

Post-LDC challenge lies in incentivising exports

Post-LDC challenge lies in incentivising exports

Jasim Uddin Haroon 2019-02-17 09:40:12

Bangladesh in all likelihood would face challenges in relation to its export trade, once it shakes off its least developed country (LDC) status. The existing incentive regime will no more remain vali...

BIDA for reform of 'fiscal depreciation' provision in tax law

BIDA for reform of 'fiscal depreciation' provision in tax law

Doulot Akter Mala 2019-02-17 09:34:56

The Bangladesh Investment Development Authority (BIDA) has recently suggested updating of the fiscal depreciation, as mentioned in the third schedule of the income tax ordinance. During a meeting wit...

Weekly analysis: Major sectors lead stocks lower

Weekly analysis: Major sectors lead stocks lower

Babul Barman 2019-02-16 10:52:41

Stocks continued to decline, extending their losing streak for a third straight week that ended on Thursday, as investors keep selling shares of major sectors. The week featured five trading days as...

Fortune Shoes shines with highest turnover

Fortune Shoes shines with highest turnover

FE Report 2019-02-16 10:50:26

Fortune Shoes dominated the turnover chart of the Dhaka bourse last week that ended on Thursday while ten most traded companies accounted for nearly 28 per cent of the total transactions. Market anal...

Employment rate in BD exceeds global average: ILO

Employment rate in BD exceeds global average: ILO

-- 2019-02-15 21:55:34

International Labour Organisation (ILO) has said the employment rate in Bangladesh and other countries in the region exceeded the global average and was expected to remain so in the coming years in vi...

HR Textile to issue corporate bond

HR Textile to issue corporate bond

FE Online Report 2019-02-15 12:39:41

The board of directors of HR Textile Limited has decided to issue a seven years non-convertible redeemable fixed rate corporate bond with face value of Tk 500 million. The company has decided to issu...

Fortune Shoes tops turnover chart for third straight day

Fortune Shoes tops turnover chart for third straight day

FE Report 2019-02-15 10:47:48

Ten most traded companies grabbed more than 28 per cent of turnover of the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes remaining at the top of the chart for the third straight session....

Incentive pays off as exports to new mkts on upswing

Incentive pays off as exports to new mkts on upswing

Jasim Uddin Haroon 2019-02-15 09:49:41

The government's efforts to incentivise the exporters reaching out to new markets beyond the traditional export destinations are paying off, people familiar with the matter have told the FE. The proc...