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The Financial Express

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IPO subscription of Runner Automobiles opens today

IPO subscription of Runner Automobiles opens today

FE Report 2019-01-31 10:25:22

The IPO (initial public offering) subscription of Runner Automobiles will open today (Thursday) and will continue till February 10. Some 5.60 million shares (40 per cent) will be issued to general in...

Dhaka bourse witnesses moderate loss

Dhaka bourse witnesses moderate loss

FE Report 2019-01-31 10:23:08

Dhaka bourse on Wednesday witnessed a moderate loss in broad index following price correction witnessed by major sectors. According to some market operators, the market witnessed correction as many i...

BB unveils monetary policy for January-June period

BB unveils monetary policy for January-June period

FE Report 2019-01-30 17:15:18

The central bank unveiled its second half-yearly (H2) monetary policy statement (MPS) on Wednesday keeping key policy rates unchanged. Bangladesh Bank (BB) Governor Fazle Kabir at a press conference...

Reserve heist: BB to file case against Philippines bank today

Reserve heist: BB to file case against Philippines bank today

-- 2019-01-30 13:51:14

The Bangladesh Bank will file a suit against Rizal Commercial Banking Corp and several undisclosed individuals over the heist of $81 million from its account at the New York Federal Reserve. The suit...

DSE holds meeting with Chinese strategic partners

DSE holds meeting with Chinese strategic partners

FE Online Desk 2019-01-30 13:41:56

A board meeting of Dhaka Stock Exchange (DSE) on Tuesday discussed different aspects of technical cooperation between the prime bourse of the country and Shenzen Stock Exchange and Shanghai Stock Exch...

13 companies witness mixed trends in Q2

13 companies witness mixed trends in Q2

FE Report 2019-01-30 11:27:44

Some 13 listed companies have displayed mixed performance for October-December (Q2), 2018 compared to same quarter of the previous year. The EPS (earnings per share) of many companies rose for Q2 com...

Currency devaluation, interest rate hike hit ACI earnings

Currency devaluation, interest rate hike hit ACI earnings

FE Report 2019-01-30 11:19:27

ACI Limited has incurred loss for October-December (Q2), 2018 due to five reasons including currency 'devaluation'. The company topped the chart of top 10 losers on Tuesday following the loss for Q2....

‘Govt should turn most SoBs into deposit banks’

‘Govt should turn most SoBs into deposit banks’

FE Report 2019-01-30 09:26:56

The government should turn the state-owned banks (SoBs) into only deposit-receiving banks to stop loan concentration and prevent accumulation of non-performing loans (NPLs), a leading economist has sa...

BB to unveil monetary policy for H2 Wednesday

BB to unveil monetary policy for H2 Wednesday

-- 2019-01-29 20:38:18

Bangladesh Bank (BB) is set to announce its monetary policy for the second half of the 2018-19 fiscal year on Wednesday. The central bank Governor Fazle Kabir will present the monetary policy stateme...

BB likely to file case with NY court over reserve heist Thursday

BB likely to file case with NY court over reserve heist Thursday

-- 2019-01-29 18:47:13

Bangladesh Bank (BB) is likely to file a lawsuit with a New York (NY) court on January 30 (January 31 in Bangladesh) to recover the money heisted by hackers from the central bank’s account with...

ECNEC approves nine projects worth Tk 164.33b

ECNEC approves nine projects worth Tk 164.33b

-- 2019-01-29 15:33:21

The Executive Committee of the National Economic Council (ECNEC) has approved nine projects involving an estimated cost of Tk 164.33 billion. Among the nine projects, it approved a Tk 86.90 billion p...

Infrastructure construction to increase in BD despite increased costs: AIIB

Infrastructure construction to increase in BD despite increased costs: AIIB

FE Online Desk 2019-01-29 14:10:33

Bangladesh will remain a priority market for the Asian Infrastructure Investment Bank (AIIB) in 2019 despite infrastructure stakeholders’ concerns about inflationary pressures and their projecte...

DSE edges down amid volatility

DSE edges down amid volatility

FE Online Report 2019-01-29 12:07:12

Dhaka bourse displayed volatility in the early of Tuesday’s session amid price correction witnessed by some major sectors. The market opened positively and soon later the DSE broad index DSEX d...

Core inflation up 1.0pc in 2018

Core inflation up 1.0pc in 2018

Siddique Islam 2019-01-29 10:51:38

The country's core inflation rose by more than 1.0 percentage point last year, posing a challenge for the next monetary policy of the central bank, officials said. The core inflation expanded to 4....

IFAD Autos acquires 49pc holding of Gulf Oil

IFAD Autos acquires 49pc holding of Gulf Oil

FE Report 2019-01-29 10:36:41

IFAD Autos has acquired 49 per cent holding of Gulf Oil (BD) at a cost of above Tk 119.07 million. In a disclosure, the company said all formalities regarding the acquisition have already been comple...

Standard Bank to raise Tk 5.0b

Standard Bank to raise Tk 5.0b

FE Report 2019-01-29 10:29:54

Standard Bank will raise a capital worth Tk 5.0 billion to strengthen its capital base as part of Tier-II Regulatory Capital requirement. The fund will be collected issuing coupon bearing non-convert...

Stocks down, GP recommends 155pc div

Stocks down, GP recommends 155pc div

FE Report 2019-01-29 10:26:11

Dhaka bourse declined marginally on Monday following the price correction witnessed by financial sectors. On the day, investors exerted selling pressure on general and life insurance sectors which re...

$5.9b flows out from BD in 2015: GFI      

$5.9b flows out from BD in 2015: GFI    

Asjadul Kibria 2019-01-28 22:59:01

At least US$ 5.90 billion flew out from Bangladesh illicitly in 2015 through misinvoicing in international trade with the advanced economies. The amount is closer to around two months' merchandise ex...

Dhaka stocks rally at midday

Dhaka stocks rally at midday

FE Online Report 2019-01-28 12:44:57

Dhaka bourse started the Monday’s session with a marginal rise amid mixed performance of the major sectors. The DSE broad index DSEX rose 0.19 per cent or 11.46 points to close at 5950.91 point...

Turnover hits 16-month high

Turnover hits 16-month high

FE Report 2019-01-28 10:28:36

Dhaka bourse witnessed marginal correction in broad index on Sunday following mixed performance displayed by major sectors. On the day, the turnover hit 16-month high as many investors injected fresh...

Prices of ten companies rise 'unusually'

Prices of ten companies rise 'unusually'

FE Report 2019-01-28 10:26:51

The share prices of ten listed companies recently rose 'unusually' despite there was no undisclosed price sensitive information for such price hike of shares. The companies' share prices rose 17 per...

Far East Knitting posts steady growth in turnover

Far East Knitting posts steady growth in turnover

Mohammad Mufazzal 2019-01-27 10:35:04

Far East Knitting & Dyeing Industries (FEKDI) has posted a steady growth in turnover values in last five fiscal years (FYs) following the company's increased production capacity. But a mixed tren...

EPS of eight companies rise marginally in Q2

EPS of eight companies rise marginally in Q2

FE Report 2019-01-27 10:32:24

The EPS (earnings per share) of eight listed companies rose marginally for October-December (Q2), 2018 compared to same period of the previous year. The EPS of Miracle Industries, S. S. Steel, Dhak...

Worrying rise in government's pension payment liabilities

Worrying rise in government's pension payment liabilities

Jasim Uddin Haroon 2019-01-27 09:45:11

The government's pension payments are growing at a worrying rate -- nearly 22 per cent annually -- over the past three years for higher life expectancy and the latest rise in basic pay. Such payments...

Dev projects set to come under tighter monitoring

Dev projects set to come under tighter monitoring

FHM Humayan Kabir 2019-01-27 09:33:15

Development projects are set to come under strict monitoring as a high-powered government committee will travel outside Dhaka to oversee the implementation work from early next month, officials said o...

BD to import 1.42m tonnes petroleum in H1

BD to import 1.42m tonnes petroleum in H1

-- 2019-01-26 20:43:35

Bangladesh will import around 1.42 million tonnes of petroleum fuel through government-to-government (G-to-G) initiative from eight state-owned companies of different countries from January to June th...

NRB CIPs to triple for attracting more remittance

NRB CIPs to triple for attracting more remittance

-- 2019-01-26 18:59:16

The government will increase the number of Commercially Important Person (CIP) status of non-resident Bangladeshis (NRBs) nearly threefold from this year to encourage the expatriates to send more remi...

Faulty procedures behind recent unrest in RMG sector: CPD

Faulty procedures behind recent unrest in RMG sector: CPD

-- 2019-01-26 18:54:36

The Centre for Policy Dialogue (CPD) has identified faulty procedures in the implementation of the wage structure as the main cause of the recent unrest in the garment sector. The research organisati...

Padma rail project: Plan to cut need of fund by 38pc on slow work

Padma rail project: Plan to cut need of fund by 38pc on slow work

FHM Humayan Kabir 2019-01-26 10:10:19

The progress in work on the government's 'fast-track' Padma railway link project is slow and the authorities want to surrender 38 per cent of its allocated funds this year. Officials said on Friday...

Premier Bank tops week's turnover chart

Premier Bank tops week's turnover chart

FE Report 2019-01-26 09:53:24

Premier Bank led the week's turnover chart on the Dhaka Stock Exchange (DSE) last week that ended on Thursday, with four banks featuring in the list of ten most traded companies. Market analysts said...