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The Financial Express

Search results for: BAN

Ecnec okays revised Padma Bridge Rail Link Project

Ecnec okays revised Padma Bridge Rail Link Project

-- 2018-05-22 16:16:37

The Executive Committee of the National Economic Council (Ecnec)has approved the Padma Bridge Rail Link Project (first revised) involving Tk 392.46 billion. It also cleared 15 other projects, includi...

Stocks slip back into the red

Stocks slip back into the red

FE Online Report 2018-05-22 15:06:25

Stocks returned to the red territory Tuesday, after a single-session break, as investors mostly refrained from injecting fresh funds into the market. Analysts said the ongoing pessimism coupled with...

Stocks witness negative trend at opening

Stocks witness negative trend at opening

FE Online Report 2018-05-22 11:35:53

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed negative trend in early hour of trading on Tuesday as investors remained followed cautious stance. Following the pre...

Berger Paints recommends 300pc dividend

Berger Paints recommends 300pc dividend

FE Online Report 2018-05-22 10:53:02

The board of directors of Berger Paints Bangladesh Limited has recommended 200 per cent cash and 100 per cent stock dividend for the year ended on March 31, 2018, said an official disclosure on Tuesda...

Share price of  Queen South Textile, Legacy Footwear soaring sans PSI

Share price of Queen South Textile, Legacy Footwear soaring sans PSI

FE Report 2018-05-22 10:41:24

The share prices of two companies -- Queen South Textile and Legacy Footwear -- are soaring without any price sensitive information (PSI). Within four trading sessions, the share price of Queen South...

Subscription hits 9-time high, lottery on May 30

Subscription hits 9-time high, lottery on May 30

FE Report 2018-05-22 10:36:29

Bashundhara Paper Mills, a concern of Bashundhara Group, will hold IPO lottery on May 30 to allocate shares among the successful general applicants. The company's initial public offering (IPO) hit...

PC to revise DPP for curbing misuse of taxpayers' money

PC to revise DPP for curbing misuse of taxpayers' money

FHM Humayan Kabir 2018-05-22 10:33:30

The Planning Commission (PC) is set to revise the existing Development Project Proposal (DPP) format in a bid to check fraud and misappropriation of public funds, officials said Monday. They said the...

IFC offers $40m loan to lower middle-income group

IFC offers $40m loan to lower middle-income group

Rezaul Karim 2018-05-22 10:26:19

The International Finance Corporation (IFC) has proposed investing up to US$ 40 million in a state-run financial entity in the form of loans to the lower middle-income people in Bangladesh, officials...

Call to remove VAT on insurance agent commission

Call to remove VAT on insurance agent commission

-- 2018-05-21 18:17:23

Bangladesh Insurance Association (BIA) has demanded withdrawal of VAT on commissions of insurance agents in the next budget for the expansion of insurance industry. "There is 15 per cent VAT at sour...

Stocks break 13-day losing streak

Stocks break 13-day losing streak

FE Online Report 2018-05-21 15:28:21

Stocks bounced back Monday, snapping the 13-session losing spell, as some optimistic investors took position on sector-wise stocks, taking the advantage of lucrative prices level. Dealers said the ma...

Stocks bounce back at midday

Stocks bounce back at midday

FE Online Report 2018-05-21 12:33:51

Stocks turned around at midday on Monday as optimistic investors are taking position on sector-wise stocks, taking the advantage of low prices of available lucrative stocks. Following the previous 13...

Queen South Textile’s share price soaring sans PSI

Queen South Textile’s share price soaring sans PSI

FE Online Report 2018-05-21 12:21:41

Share price of Queen South Textile Ltd is soaring without any price sensitive information (PSI) as the company’s price surged further by 2.78 per cent Sunday. Within four trading sessions, the...

Stocks meander at opening

Stocks meander at opening

FE Online Report 2018-05-21 11:38:08

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed volatility in early hour of trading on Monday as investors are active both sides of trading fence. Following the previ...

GRI signs deal with DSE to help improve cos' reporting standard

GRI signs deal with DSE to help improve cos' reporting standard

FE Report 2018-05-21 11:29:35

GRI (Global Reporting Initiative), Netherlands, has signed a memorandum of understanding (MoU) with Dhaka Stock Exchange (DSE) to provide training to local stakeholders so that listed companies foll...

Eastern Cables now in 'Z' category

Eastern Cables now in 'Z' category

FE Report 2018-05-21 11:22:34

Eastern Cables Limited has been placed to 'Z' category from existing 'A' category with effect from today (Monday) as the company failed to hold annual general meeting (AGM) in scheduled time. Dhaka...

Bay Leasing approves 15pc div

Bay Leasing approves 15pc div

FE Report 2018-05-21 11:06:01

Bay Leasing & Investment Limited has approved 10 per cent cash and 5 per cent stock dividend for the year ended December 31, 2017, according to a statement. The announcement came at the company's...

Ten top-traded cos clinch 28pc turnover

Ten top-traded cos clinch 28pc turnover

FE Report 2018-05-21 10:32:31

Ten top-traded companies captured more than 28 per cent transactions on the Dhaka Stock Exchange (DSE) Sunday while the newly-listed Intraco Refuelling Station topping the list for the second straig...

Nonprofits trim operations, facing funding headwinds

Nonprofits trim operations, facing funding headwinds

A.Z.M. Anas 2018-05-21 10:13:17

Stories of Bangladesh's growth and prosperity have swayed the donor community to commit less aid for legions of non-governmental organisations (NGOs) in the country, forcing the nonprofits to trim ope...

BB probing 'misreporting' of forex rate

BB probing 'misreporting' of forex rate

Siddique Islam 2018-05-21 09:38:38

The central bank has started carrying out a special inspection to detect irregularities relating to foreign exchange reporting by the commercial banks, officials said. Three inspection teams of Bangl...

BD's tax gap is 7.5pc of GDP: UNESCAP

BD's tax gap is 7.5pc of GDP: UNESCAP

FE Online Report 2018-05-20 15:53:01

Tax gap in Bangladesh is estimated at 7.5 per cent of the country’s Gross Domestic Product (GDP) – which is one of the highest in Asia and the Pacific Region. Tax gap is the estimated dif...

DSEX falls below 5,400-mark as market keeps losing

DSEX falls below 5,400-mark as market keeps losing

FE Online Report 2018-05-20 15:33:07

Stocks extended the losing streak for 13 straight sessions on Sunday, with the core index of the major bourse falling below 5400-mark again, as investors mostly refrained from injecting fresh funds in...

BD economy to register 7.10pc growth: UN

BD economy to register 7.10pc growth: UN

FE Online Report 2018-05-20 14:07:52

Bangladesh economy is going to post 7.10 per cent growth in the current fiscal year, the United Nations says. The World Economic Situation and Prospects 2018, released by the United Nations, made the...

Bourses witness downturn at opening

Bourses witness downturn at opening

FE Online Report 2018-05-20 11:44:44

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading on Sunday as most of the investors remained cautious amid poor earnings disclosures. Following the p...

Land acquisition delay backpedals on regional railway project

Land acquisition delay backpedals on regional railway project

Munima Sultana 2018-05-20 10:15:55

The railway's regional connectivity project faced delay as over 100-kilometre rail line from Dohazari of Chattogram to Cox's Bazar could not be constructed upon failure to acquire land. Officials sai...

Govt set to earn over Tk 1.0b in capital gains tax

Govt set to earn over Tk 1.0b in capital gains tax

Mohammad Mufazzal 2018-05-20 10:03:44

The government would get around Tk 1.1 billion in taxes at source from the revenue earned by the Dhaka Stock Exchange (DSE) through the sale of its shares to the Chinese consortium, now a strategic pa...

Chinese co willing to build 2nd nuke power plant in BD

Chinese co willing to build 2nd nuke power plant in BD

Ismail Hossain from Sichuan 2018-05-20 09:55:22

China's state-owned company -- Dongfang Electric Corporation (DEC) -- wants to build the proposed second nuclear power plant in Bangladesh. A top official of the corporation said recently that the Ch...

Survey to locate reasons for 'jobless growth' is on

Survey to locate reasons for 'jobless growth' is on

Mehdi Musharraf Bhuiyan 2018-05-19 18:32:56

Amid growing concerns about the recent "jobless growth" phenomenon, the government is conducting a survey on employment, productivity and sectoral investment in the country. The survey, which is comm...

Govt decides to issue floating rate bonds

Govt decides to issue floating rate bonds

Rezaul Karim 2018-05-19 18:28:02

The government, for the first time, has decided to issue new investment bonds having a floating rate. The objective behind introducing the bonds is to meet the government's own rising financial need...

Corporate tax cut, higher exemption in next budget

Corporate tax cut, higher exemption in next budget

-- 2018-05-19 17:58:22

The taxpayers of the country are going to get some good news in the coming budget for 2018-19 fiscal.  The tax free income ceiling for the individual taxpayers would be increased, while there wo...

Financial account surplus almost double in nine months

Financial account surplus almost double in nine months

FE Online Report 2018-05-19 12:32:35

The country’s external financial account posted a surplus of $6.05 billion in the first nine months of the current fiscal year. This amount is almost twice as much as $3.13 billion registered i...