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The Financial Express

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DSEX dips below 5,400-mark as Eid near

DSEX dips below 5,400-mark as Eid near

FE Online Report 2018-08-13 16:06:24

Stocks ended lower on Monday, with core index of the major bourse dipping below 5,400-mark, as investors opted for booking profits on sector-wise stocks. Brokers said the market witnessed correction...

Novartis Bangladesh approves 20pc cash dividend

Novartis Bangladesh approves 20pc cash dividend

FE Online Desk 2018-08-13 16:01:07

The board of directors of Novartis (Bangladesh) Limited has approved 20 per cent cash dividend for the year ended on December 31, 2017. The approval of the dividend came during the 45th Annual Genera...

Eastern Bank to issue Tk 5.0b bond

Eastern Bank to issue Tk 5.0b bond

FE Online Report 2018-08-13 12:18:11

The board of directors of Eastern Bank Ltd has unanimously decided to issue non-convertible subordinated bond of Tk 5.0 billion, said an official disclosure on Monday. The bank is going to issue the...

Apex Tannery recommends 40pc dividend

Apex Tannery recommends 40pc dividend

FE Online Report 2018-08-13 12:12:53

The board of directors of Apex Tannery Limited has recommended 40 per cent cash dividend for the year ended on June 30, 2018, said an official disclosure on Monday. The final approval of dividend w...

Stocks inch up amid low turnover

Stocks inch up amid low turnover

FE Online Report 2018-08-13 11:42:16

The bourses inched up amid amid low trading activities in early hour of trading on Monday as some investors active on sector-wise stocks. Following the previous day’s flat ending, the Dhaka S...

Dhaka-Ctg Expressway project: Cost soars to Tk 335b for huge land acquisition

Dhaka-Ctg Expressway project: Cost soars to Tk 335b for huge land acquisition

Munima Sultana 2018-08-13 10:59:41

The projected high spending for land acquisition has propelled the cost of Dhaka-Chittagong Expressway project to Tk 335 billion. The cost for land acquisition in the project is 68 per cent higher...

Runner Automobiles' IPO bidding to begin Sept 10

Runner Automobiles' IPO bidding to begin Sept 10

FE Report 2018-08-13 10:45:47

The bidding for discovering cut-off price for Runner Automobiles IPO shares under the book-building method is set to begin on September 10. Institutional bidding is a must for a company intends to...

Top ten companies grab 25pc turnover of DSE

Top ten companies grab 25pc turnover of DSE

FE Report 2018-08-13 10:43:14

Top 10 traded companies captured more than 25 per cent transaction of the Dhaka Stock Exchange (DSE) on Sunday with BBS Cables dominating the chart. According to statistics available with the DSE,...

Bangabandhu’s killing hit ‘economic take-off’

Bangabandhu’s killing hit ‘economic take-off’

FE Report 2018-08-13 10:11:21

Participants at a seminar in the city on Sunday recalled the unparalleled role of Father of the Nation Bangabandhu Sheikh Mujibur Rahman in the development of the country's economy until the last mome...

BDT depreciation set to fuel external debt stocks

BDT depreciation set to fuel external debt stocks

Jasim Uddin Haroon 2018-08-13 09:24:59

The local currency's depreciation against dollar is set to raise external debt stocks and interest payments largely, according to economists. According to economics parlance, taka's depreciation agai...

Stocks end flat amid choppy trading

Stocks end flat amid choppy trading

FE Online Report 2018-08-12 16:39:23

Stocks finished almost flat on Sunday after choppy trading as investors were active both sides of trading fence ahead of Eid-ul-Azha. Analysts said the some investors sold shares while some were acti...

Seven go to 'Z' category within two to seven years of listing

Seven go to 'Z' category within two to seven years of listing

Mohammad Mufazzal 2018-08-12 10:43:45

Some seven companies have been shifted to 'Z' category within two to seven years of listing due to poor performance. The prices of the stocks, barring one, presently remain below the face value of Tk...

Padma bridge may miss deadline

Padma bridge may miss deadline

FHM Humayan Kabir 2018-08-12 09:58:33

Slightly over two-fifths of physical work of the Padma bridge project was completed until last fiscal, although its execution deadline will end in December, officials said. Officials said they were l...

Stocks end flat as investors reshuffle portfolio

Stocks end flat as investors reshuffle portfolio

FE Report 2018-08-11 10:29:54

The capital market passed a flat week that ended Thursday as investors mostly rebalanced their portfolio after quarterly earnings declaration. Analysts said the market finished almost flat as a se...

Most of the major sectors suffer losses

Most of the major sectors suffer losses

FE Report 2018-08-11 10:28:11

Most of the sectors faced correction last week that ended on Thursday with telecommunication sector sustained a big hit after quarterly earnings declaration. Of the 19 sectors listed with the Dhaka S...

Outbound jobs drop by 24 per cent

Outbound jobs drop by 24 per cent

FE Report 2018-08-11 10:11:53

The country's overseas employment dropped by more than 24 per cent in last seven months compared to that of the corresponding period last year. According to the data available with Bureau of Manpower...

Ratio of BD's black economy slipping, says IMF paper

Ratio of BD's black economy slipping, says IMF paper

Asjadul Kibria 2018-08-11 10:05:10

The ratio of the shadow economy in Bangladesh in terms of the Gross Domestic Product (GDP) has been declining for more than one decade. Shadow economy, also known as the black economy, means all econ...

Company profile: bKash witnesses steady growth

Company profile: bKash witnesses steady growth

Mohammad Mufazzal 2018-08-10 10:33:07

Mobile Financial Service (MFS) operator bKash has exhibited a steady growth in number of customers and transactions during last five years. The BRAC Bank subsidiary also registered steady growth in...

ML Dyeing publishes IPO lottery result

ML Dyeing publishes IPO lottery result

FE Online Report 2018-08-09 20:06:41

ML Dyeing Ltd will allocate 20 million ordinary shares among the successful applicants as the company’s initial public offering (IPO) lottery draw was held on Thursday. The IPO lottery draw was...

$350m ADB assistance for Rohingya rehabilitation, education, power

$350m ADB assistance for Rohingya rehabilitation, education, power

FE Online Report 2018-08-09 17:59:17

The Asian Development Bank (ADB) will provide US$350 million assistance to Bangladesh for Rohingya rehabilitation, education, and power sector development. The Manila-based lender will provide $100 m...

Stocks end flat as large-cap stocks plunge

Stocks end flat as large-cap stocks plunge

FE Online Report 2018-08-09 17:34:33

Stocks ended almost flat on Thursday as investors selling some large-cap stocks in later part of the session. Analysts said the some investors sold shares especially large-cap Grameenphone, Square Ph...

Two more mutual funds declare dividend

Two more mutual funds declare dividend

FE Online Report 2018-08-09 13:09:34

The Trustee Committees of two more mutual funds (MFs) have declared dividend for the year ended on June 30, 2018, according to separate official disclosures on Thursday. CAPM BDBL Mutual Fund:  ...

India's rural-urban mobile ownership gap is worse than Bangladesh

India's rural-urban mobile ownership gap is worse than Bangladesh

-- 2018-08-09 12:01:54

India has nearly one billion phone users and yet there is a wide gap between the ownership of mobiles in the country, according to report published on India Today. According to a report by a Sri Lank...

United Power recommends 110pc dividend

United Power recommends 110pc dividend

FE Online Report 2018-08-09 11:51:12

The board of directors of United Power Generation & Distribution Company Limited has recommended 90 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2018, said an offici...

Stocks on both bourses open higher

Stocks on both bourses open higher

FE Online Report 2018-08-09 11:34:27

The prices of most of the shares saw a positive trend in the early hour of trading on Thursday as investors were showing their buying spree on sector-wise stocks. Following the previous day’s u...

IPO subscription of Indo-Bangla Pharma opens today

IPO subscription of Indo-Bangla Pharma opens today

FE Report 2018-08-09 10:24:10

 The public subscription of Indo-Bangla Pharmaceuticals Ltd begins today (Thursday) for raising a fund worth Tk 200 million. The public subscription by the eligible investors will be continued t...

‘$44b export target set for FY19’

‘$44b export target set for FY19’

-- 2018-08-08 18:24:12

Commerce Minister Tofail Ahmed on Wednesday said the government has set an export target of US$44 billion for fiscal 2018-19 (FY19). “Of the total, $39 billion is targeted for goods export whil...

Bangladesh sending caregivers to Japan

Bangladesh sending caregivers to Japan

-- 2018-08-08 17:30:32

Bangladesh is going to send caregivers to Japan for the first time this year opening a new opportunity of remittance inflow. A total of seven women aged between 18 and 23 years are taking final train...

DSEX exceeds 5400-mark after six weeks

DSEX exceeds 5400-mark after six weeks

FE Online Report 2018-08-08 16:06:34

Stocks ended higher for the two consecutive sessions Wednesday with core index of the premier bourse crossing the 5,400-mark as enthusiastic investors continued their buying spree. Brokers said the m...

‘No changes’ to yield rates of savings tools before next election

‘No changes’ to yield rates of savings tools before next election

FE Report 2018-08-08 14:50:14

Finance Minister AMA Muhith has ruled out the possibility of reducing the yield rates of state-run savings instruments before the upcoming national elections. "We are not making any changes to the...