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The Financial Express

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IDCOL roundtable to promote EET in RMG, textile

IDCOL roundtable to promote EET in RMG, textile

FE Desk Report 2018-05-19 12:24:51

Infrastructure Development Company Limited (IDCOL) has organised the 2nd CEO Roundtable to promote Energy Efficient Technologies (EET) in the textile and RMG sectors across Bangladesh. The 2nd CEO...

Square Pharma attains 20pc growth in 5 yrs

Square Pharma attains 20pc growth in 5 yrs

FE Report 2018-05-19 10:21:25

Square Pharmaceuticals has attained an average growth rate of 20 per cent in the past five years, beating the national average growth rate, riding on the expanded domestic market as well as new export...

Weekly analysis: Stocks nosedive as selling frenzy continues

Weekly analysis: Stocks nosedive as selling frenzy continues

Babul Barman 2018-05-19 09:49:59

Stocks extended the loss for fourth straight week as worried investors continued heavy sell-offs amid lack of confidence. Core index of the Dhaka bourse hit one-year low, much to the chagrin of gen...

LGED set to spend Tk 75b addl  fund for 'upgrading' rural roads

LGED set to spend Tk 75b addl fund for 'upgrading' rural roads

FHM Humayan Kabir 2018-05-19 00:51:11

The Local Government Engineering Department (LGED) is going to inject some Tk 75 billion in additional funds for upgrading rural roads, as those were not constructed by maintaining standard, officials...

BPC fears Tk 80b loss in next FY

BPC fears Tk 80b loss in next FY

Syful Islam 2018-05-19 00:48:30

The Bangladesh Petroleum Corporation (BPC) fears incurring a loss of about Tk 80 billion in the upcoming fiscal year because of selling fuel oil at lower rate than import price, officials said. To co...

Bashundhara Paper’s IPO lottery on May 30

Bashundhara Paper’s IPO lottery on May 30

FE Online Report 2018-05-18 19:35:44

The initial public offering (IPO) lottery of Bashundhara Paper Mills Limited will be held on May 30 to allocate ordinary shares among the successful applicants. The lottery programme will be held at...

Korea keen to invest in BD, send delegation soon  

Korea keen to invest in BD, send delegation soon  

-- 2018-05-18 19:14:12

Korean entrepreneurs have shown their interest to invest in Bangladesh and said they will send a trade delegation to Bangladesh soon, according to a UNB report. They expressed their interest at the B...

Export, import, forex to rise in May-June

Export, import, forex to rise in May-June

FE Report 2018-05-18 16:55:07

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has projected rise in the country's export earnings, import value and inward remittance flow at the end of this month (May) and next mon...

High rate of return on savings tools hobbles bond market: Experts

High rate of return on savings tools hobbles bond market: Experts

FE Report 2018-05-18 11:53:04

The yield rates on government savings instruments should be rationalised to help develop long-term securities markets in Bangladesh, experts said Thursday. They also recommended developing pension...

Chinese consortium has priorities set for DSE

Chinese consortium has priorities set for DSE

Mir Mostafizur Rahaman 2018-05-18 11:47:02

Lack of confidence and liquidity shortage are the main problems of the capital market in Bangladesh, and the first priorities of the consortium of Shanghai and Shenzhen stock exchanges would be to dev...

Net foreign investment in stocks trebles in March

Net foreign investment in stocks trebles in March

FE Report 2018-05-18 11:41:03

The net foreign investment in the country's capital market more than trebled year-on-year in March 2018 as overseas investors were tempted by the slump in the stock market, according to a quarterly...

Banking sector biggest downside risk to economy, says MCCI

Banking sector biggest downside risk to economy, says MCCI

FE Report 2018-05-18 09:53:10

Dhaka-based preeminent trade body MCCI has termed the country's banking sector the biggest downside risk to the economy. "The corruption-ridden banking sector is perhaps the biggest downside risk now...

Govt to phase out tariff value system from FY ‘19

Govt to phase out tariff value system from FY ‘19

Doulot Akter Mala 2018-05-18 00:51:06

The government is set to start phasing out the tariff value system from the upcoming fiscal year (FY), 2018-19, as it is found that consumers are not getting benefit of it. The National Board of Reve...

Muhith to sit with biggies  on long-term financing

Muhith to sit with biggies on long-term financing

FE Report 2018-05-18 00:49:56

Finance Minister AMA Muhith said on Thursday the state of long term financing in the country still remains 'poor,' as many banks and financial institutions choose to go for short-term and medium-term...

JETRO for augmenting bilateral growth through matching events

JETRO for augmenting bilateral growth through matching events

-- 2018-05-17 22:10:38

Japan’s export promotion agency JETRO presented a plan to arrange matching events between young Bangladeshi entrepreneurs with Japanese SMEs and investors to augment economic growth. Executive...

DSE hits record low amid continued slide

DSE hits record low amid continued slide

FE Online Report 2018-05-17 16:28:57

Stocks suffered a big fall Thursday, with prime index of Dhaka Stock Exchange (DSE) dipping to one year lowest level, amid persistent selling spree for the 12 sessions. Market operators said invest...

MCCI for all-out effort to mobilise investment

MCCI for all-out effort to mobilise investment

FE Online Report 2018-05-17 15:03:40

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has stressed the need for increasing the level of investment in the country. “(An) All-out effort will be needed to mobilise inve...

Renata to set-up subsidiary in UK

Renata to set-up subsidiary in UK

FE Online Report 2018-05-17 12:24:05

The board of directors of Renata Limited has given the approval to establish a subsidiary company in UK fulfilling the regulatory requirement to export in the EU countries in the name of Renata (UK)...

Bourses edge down at opening

Bourses edge down at opening

FE Online Report 2018-05-17 11:37:21

The bourses witnessed slightly downward trend amid slow movement in early trading Thursday as investors mostly followed cautious stance amid poor quarterly earnings declarations. Following the prev...

Stock exchanges to form CCBL in a week

Stock exchanges to form CCBL in a week

FE Report 2018-05-17 11:32:35

The country's stock exchanges will form a new company, namely Centre Counterparty Bangladesh Limited (CCBL), within a week to foster payments system against the shares sold through the trading platf...

NCC Bank enjoys ‘sound financial position’

NCC Bank enjoys ‘sound financial position’

FE Report 2018-05-17 11:29:48

NCC Bank Ltd, a second generation private commercial bank (PCB) turns 25 today (Thursday) aiming to broaden its services among the teeming millions across the country.   The second generation P...

Ten top-traded cos clinch 36pc transaction

Ten top-traded cos clinch 36pc transaction

FE Report 2018-05-17 11:24:36

Ten top-traded companies captured more than 36 per cent transactions on the Dhaka Stock Exchange (DSE) Wednesday, with Western Marine Shipyard topping the list for the fifth straight session. Marke...

Premier Leasing approves 10pc dividend

Premier Leasing approves 10pc dividend

-- 2018-05-17 11:21:32

Premier Leasing & Finance Limited approved 5.0 per cent cash and 5.0 per cent stock, total 10 per cent, dividend for the year 2017 at its 16th annual general meeting (AGM) at a city hotel recently...

Forex market: BB mulls uniform calculation of forward rates

Forex market: BB mulls uniform calculation of forward rates

FE Report 2018-05-17 09:41:22

The central bank plans to develop uniformity of calculation in case of forward rates among the banks aiming to ensure discipline in the country's foreign exchange market. The Bangladesh Bank (BB) h...

Fast-track energy projects go off-track

Fast-track energy projects go off-track

FHM Humayan Kabir 2018-05-17 09:37:36

The four "fast-track" power and energy projects except one have failed to make any notable progress and these are still at the initial stage of implementation, insiders said Wednesday. The LNG (Lique...

WB to provide $110m loan to ensure green industrialisation

WB to provide $110m loan to ensure green industrialisation

FE Online Report 2018-05-16 18:27:58

The World Bank (WB) will provide $110 million for Bangladesh’s enterprise development in a bid to ensure green industrialisation. The Washington-based lender conformed the loan as it signed a d...

Experts blame strong sales of NSCs for high lending rates

Experts blame strong sales of NSCs for high lending rates

FE Report 2018-05-16 17:23:04

Banking experts at a workshop in the capital on Tuesday called for reining in the overwhelming sales of national savings certificates (NSCs) in the country. They also warned that the prevailing situa...

DSE, CSE slip for 11th-day

DSE, CSE slip for 11th-day

FE Online Report 2018-05-16 16:08:12

Stocks witnessed yet another bearish session Wednesday, extending the losing spell for the eleven sessions in a row, as investors kept their selling spree on sector-wise issues ahead of Ramadan. Insi...

Employment not increasing in line with GDP: Speakers

Employment not increasing in line with GDP: Speakers

FE Online Desk 2018-05-16 14:30:37

The employment in the country is not increasing in line with the gross domestic product (GDP), speakers said claiming that such GDP without employment is not expected. There are different mega proj...

Delta Life Ins recommends 25pc dividend

Delta Life Ins recommends 25pc dividend

FE Online Report 2018-05-16 11:39:45

The board of directors of Delta Life Insurance Company Limited has recommended 25 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday. The final...