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The Financial Express

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Govt mulls new farm policy to boost food production

Govt mulls new farm policy to boost food production

-- 2018-03-10 19:04:34

Every year up to two million people add up to Bangladesh’s 165 million population. To feed the yearly add-on, an additional 500,000 metric tons (MT) of food is required to produce. With the cu...

Weekly analysis: Stocks extend losses for third straight week

Weekly analysis: Stocks extend losses for third straight week

Babul Barman 2018-03-10 10:22:23

Stocks saw yet another bearish week, extending the losing streak for the third straight week, as investors remained mostly inactive to make fresh investment in stocks. Analysts said the bearish trend...

BCIC incurs Tk 3.9b in loss for gas shortage

BCIC incurs Tk 3.9b in loss for gas shortage

Jubair Hasan 2018-03-10 10:12:57

Bangladesh Chemical Industries Corporation (BCIC) is in a fix for witnessing a massive loss to the tune of Tk 3.9 billion after making profits in the recent years, said officials concerned. The offic...

Muhith still not convinced of Chinese consortium’s bid

Muhith still not convinced of Chinese consortium’s bid

Syful Islam 2018-03-10 09:55:01

Finance Minister AMA Muhith has again expressed his subtle opposition to the Dhaka Stock Exchange (DSE)'s stance on the Chinese consortium's offer to become its strategic partner. "It happens that fi...

Gas crisis hits industries, kitchens, CNG filling stations hard

Gas crisis hits industries, kitchens, CNG filling stations hard

FE Report 2018-03-10 09:47:15

Daily life becomes a misery in many parts of the capital for severe fall in pressure of the piped gas supply to households, city-dwellers lament, as they count an extra cost of living. Officials in t...

Sonali Bank seeks Tk 60b bailout urgently

Sonali Bank seeks Tk 60b bailout urgently

Rezaul Karim 2018-03-10 09:22:02

The state-owned Sonali Bank has sought guarantee worth Tk 60 billion from the government to meet its huge capital shortfall urgently, officials said. According to data available until September, Sona...

Ratio of direct green finance declines

Ratio of direct green finance declines

FE Online Report 2018-03-10 00:00:00

The ratio of direct green finance to total green finance by banks and financial institutions declined in the past year, according to latest central bank statistics. It showed that the ratio of direct...

CAPM discloses NAV of three MFs

CAPM discloses NAV of three MFs

FE Online Desk 2018-03-09 11:42:01

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM IBBL Islamic Mutual Fund. The total NAV of CAPM IBBL Islamic Mutual Fund stood at Tk. 668,909,421.01 on the basis of cost price and...

DSE strategic partnership: Regulator extends deal deadline

DSE strategic partnership: Regulator extends deal deadline

FE Report 2018-03-09 11:25:58

The securities regulator extended Thursday the deadline by three months for signing share sale agreement (SSA) between Dhaka Stock Exchange (DSE) and its strategic partner-a Chinese consortium of Sh...

CPD public dialogue on BD's graduation from  LDC Saturday

CPD public dialogue on BD's graduation from LDC Saturday

FE Online Desk 2018-03-09 11:16:26

A public dialogue titled 'Bangladesh’s Graduation from the LDC Group: Pitfalls and Promises' will be held Saturday in the city. The Centre for Policy Dialogue (CPD) organised the event , said...

Forex reserve slips below $32b

Forex reserve slips below $32b

Siddique Islam 2018-03-09 11:08:01

Country's foreign exchange reserves slipped below US$ 32 billion after more than two months due to highest-ever import payments settled bi-monthly with Asian Clearing Union (ACU). It paid $1.56 bil...

BD state-owned banks prone to sizeable liability risk: Moody's

BD state-owned banks prone to sizeable liability risk: Moody's

-- 2018-03-09 09:50:12

Bangladesh's banking sector risk has been assessed as 'moderate' by the international credit rating agency Moody's, which said it reflects sizeable contingent liability risks from state-owned banks....

IMF for market-based pricing of savings tools

IMF for market-based pricing of savings tools

FE Report 2018-03-09 09:29:01

The visiting International Monetary Fund (IMF) mission suggested tighter eligibility criteria and move towards market-based pricing to reduce reliance on national savings certificates, help strengthen...

DSE turnover hits fresh 20-month low

DSE turnover hits fresh 20-month low

FE Online Report 2018-03-08 16:28:21

Turnover on the Dhaka Stock Exchange (DSE) slipped to Tk 2.74 billion on Thursday, the lowest level in more than 20 months, as investors were mostly inactive amid persistent liquidity shortage. The...

DBH recommends 30pc dividend

DBH recommends 30pc dividend

FE Online Report 2018-03-08 13:55:30

The Board of Directors of Delta Brac Housing Finance Corporation Limited (DBH) has recommended 30 per cent cash dividend for the year ended on December 31, 2017. The final approval of the dividend wi...

Vanguard AML Rupali Bank Balanced Fund declares 12pc dividend

Vanguard AML Rupali Bank Balanced Fund declares 12pc dividend

FE Online Report 2018-03-08 13:17:25

The Trustee Committee of the Vanguard AML Rupali Bank Balanced Fund has declared 12 per cent cash dividend based on net income for the year ended on December 31, 2017, said an official disclosure on...

Stocks move narrowly at opening

Stocks move narrowly at opening

FE Online Report 2018-03-08 12:01:50

Stocks on both bourses moved narrowly at the opening on Thursday as investors mostly followed cautious mood. Following the previous day’s sharp decline, the Dhaka Stock Exchange (DSE) and the C...

Chinese co set to win 48km Dhaka bypass road project

Chinese co set to win 48km Dhaka bypass road project

FE Report 2018-03-08 10:40:21

Roads and Highways Department (RHD) has finally selected a Chinese joint venture company for construction of Dhaka bypass road under public private partnership (PPP) initiative. Sources said the comp...

Economist sees jute as next growth driver

Economist sees jute as next growth driver

FE Report 2018-03-08 10:30:54

Proper policy support and adjustment of fiscal burden could help the jute sector become one of the important economic growth drivers of the country, said economist Dr Hossain Zillur Rahman on Wednesda...

Chinese consortium’s bid : BSEC body gets more time to give report

Chinese consortium’s bid : BSEC body gets more time to give report

FE Report 2018-03-08 09:34:04

The securities regulator has extended the timeframe by one week to submit report on the Chinese consortium's proposal for being a strategic partner of Dhaka Stock Exchange (DSE). Bangladesh Securit...

NBR sets all wings to combat money laundering

NBR sets all wings to combat money laundering

Doulot Akter Mala 2018-03-08 09:24:27

Watchdogs of all wings of the National Board of Revenue (NBR) are now set to sniff out money-laundering offences, as limited probe authority proved insufficient. Officials said the revenue board now...

Jute production witnessed 8.0pc rise in 2017

Jute production witnessed 8.0pc rise in 2017

-- 2018-03-07 21:46:08

Jute production witnessed 8 per cent increase in 2017 comparing previous year, said State Minister for Textiles and Jute Mirza Azam The state minister informed that farmers produced 9.2 million bales...

Moves underway to create 28,000 women entrepreneurs in next five yrs

Moves underway to create 28,000 women entrepreneurs in next five yrs

-- 2018-03-07 20:34:30

Over 28,000 new women entrepreneurs will be created across the country in the next five years in a bid to make them self-employed, according to an official document. The document on the Prime Ministe...

Bourses fall into red zone amid low turnover

Bourses fall into red zone amid low turnover

FE Online Report 2018-03-07 16:08:51

Stocks slipped into the red on Wednesday, after single-day break, as investors went on late hours selling binge on sector-wise stocks. Market operators said the market ended lower amid ambiguity ov...

Nitol Insurance recommends 14pc cash dividend

Nitol Insurance recommends 14pc cash dividend

FE Online Report 2018-03-07 11:37:17

Nitol Insurance Company has recommended 14 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday. The final approval of this dividend will come duri...

Stocks witness mostly higher in early trading

Stocks witness mostly higher in early trading

FE Online Report 2018-03-07 11:25:28

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Wednesday as some investors are active on sector-wise issues. Following the previous day’s posit...

July-Jan revenue shortfall Tk 148b

July-Jan revenue shortfall Tk 148b

Doulot Akter Mala 2018-03-07 09:33:18

Government's tax-revenue collection suffered about a Tk 148-billion shortfall until January of this fiscal year against its target mainly for slow-paced reform to expand the tax net, sources said....

NEC downsizes annual development programme fund

NEC downsizes annual development programme fund

-- 2018-03-06 21:30:12

The National Economic Council (NEC) has approved a Tk 1,576 billion Revised Annual Development Programme (RADP), including organisations' own funds, for the current fiscal year (FY18) downsizing the o...

ADP implementation rate rises, expenditure doubles in three years

ADP implementation rate rises, expenditure doubles in three years

-- 2018-03-06 18:47:50

The implementation rate of the Annual Development Programme (ADP) during the July-February period of the current fiscal (FY18) marked a slight rise compared to that of the corresponding period in the...

Kuwait bans visas only for domestic helps: Shahriar

Kuwait bans visas only for domestic helps: Shahriar

-- 2018-03-06 18:19:44

Kuwait’s ban on recruiting Bangladeshi has no impact on overall work visas as it is applicable only for house helps. State Minister for Foreign Affairs Shahriar Alam revealed the information on...