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The Financial Express

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Stocks rise amid low turnover at opening

Stocks rise amid low turnover at opening

FE Online Reports 2019-07-17 11:32:10

Stocks witnessed positive trend in early hours of trading on Wednesday as investors showed their buying spree on sector-wise shares. Following the previous day’s steep decline, the Dhaka Stock...

Sea Pearl Beach Resort jumps 261pc on DSE trading debut

Sea Pearl Beach Resort jumps 261pc on DSE trading debut

FE Report 2019-07-17 10:46:33

Sea Pearl Beach Resort & Spa Ltd. made a flying trading debut on both the bourses on Tuesday as its share price jumped as high as 261 per cent riding on the investors' 'irrational hype' over the n...

BSEC approves draft prospectus of new mutual fund

BSEC approves draft prospectus of new mutual fund

FE Report 2019-07-17 10:44:47

The securities regulator has approved the draft prospectus of an open-ended mutual fund, Capitec Popular Life Unit Fund, with an initial target size of Tk 250 million. The approval came at a meeting...

Import growth 6.0pc in July-May of FY '19

Import growth 6.0pc in July-May of FY '19

FE Report 2019-07-17 10:12:24

Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the set...

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

FHM Humayan Kabir 2019-07-17 09:57:13

Bangladesh received foreign assistance amounting to US$ 6.21 billion in the last fiscal year (FY), 2018-19, which was nearly $150 million lower than that of the previous fiscal, official data showed o...

DSE, CSE break seven-day losing streak

DSE, CSE break seven-day losing streak

FE Online Report 2019-07-16 16:20:17

Stocks returned to the green on Tuesday, spanning a seven-day losing streak, as investors rushed to take positions in low-priced securities. DSEX, the prime index of the Dhaka Stock Exchange (DSE),...

ECNEC approves eight projects worth Tk 51.42b

ECNEC approves eight projects worth Tk 51.42b

-- 2019-07-16 16:07:31

The Executive Committee of the National Economic Council (ECNEC) has approved eight projects involving an estimated cost of Tk 51.42 billion. Among the nine projects, the ECNEC approved Tk 26.06 bill...

Stocks witness volatility after 90 minutes of trading

Stocks witness volatility after 90 minutes of trading

FE Online Report 2019-07-16 12:25:25

Stocks witnessed volatile trading after 90 minutes of trading on Tuesday as investors were active both sides of trading fence after dipping 30 months low in the previous day. Following the previous d...

Malaysia to lift moratorium on Bangladeshi workers soon

Malaysia to lift moratorium on Bangladeshi workers soon

FE Online Desk 2019-07-16 11:35:58

Malaysia is expected to lift the moratorium on Bangladeshi workers next month, according to the Southeast Asian country's Human Resources Minister M Kulasegaran. "I hope we can conclude within one or...

Sea Pearl Beach makes trading debut today

Sea Pearl Beach makes trading debut today

FE Report 2019-07-16 10:39:05

Sea Pearl Beach Resort & Spa Ltd. makes its share trading debut under 'N' category on both the bourses today (Tuesday), officials said. The Sea Pearl Beach, the owner of "Royal Tulip Sea Pearl Be...

Ten companies grab 24pc transactions

Ten companies grab 24pc transactions

FE Report 2019-07-16 10:37:40

Ten most traded companies accounted for 24 per cent transactions on the Dhaka Stock Exchange (DSE) on Monday, with the Grameenphone (GP) making it to the top of the turnover list. Market analysts s...

PPP Office seeks a host of tax benefits for new areas

PPP Office seeks a host of tax benefits for new areas

Doulot Akter Mala 2019-07-16 09:43:31

The Public Private Partnership (PPP) Authority has sought tax benefits for some new areas to help attract private investors, officials said. The agency, under the Prime Minister's Office (PMO), has r...

China-BD joint venture company to invest $1.46m in Ishwardi EPZ

China-BD joint venture company to invest $1.46m in Ishwardi EPZ

-- 2019-07-15 17:00:16

A China-Bangladesh joint venture company, M/S Golden Ocean Limited, will invest $1.46 million to establish a garment accessories industry in Ishwardi Export Processing Zone. In this regard, Banglades...

DSEX slumps to 30-month low amid panic sell-offs

DSEX slumps to 30-month low amid panic sell-offs

FE Online Report 2019-07-15 16:09:41

The prime index of the Dhaka Stock Exchange (DSE) tumbled to more than 30 months low on Monday as worried investors continued their selling binge fearing further fall. DSEX, the prime index of the DS...

Sea Pearl Beach makes debut Tuesday

Sea Pearl Beach makes debut Tuesday

FE Online Report 2019-07-15 11:52:42

Sea Pearl Beach Resort & Spa Limited will make its share trading debut tomorrow (Tuesday) on the bourses under ‘N’ category, officials said. The Sea Pearl Beach (The owner of &ldquo...

GP declares 90pc interim cash dividend

GP declares 90pc interim cash dividend

FE Online Report 2019-07-15 11:35:53

The board of directors of Grameenphone (GP) has recommended interim cash dividend for the year 2019 at the rate of 90 per cent cash dividend out of the audited net profits of the company for the half...

Stocks slump at opening amid panic sell-offs

Stocks slump at opening amid panic sell-offs

FE Online Reports 2019-07-15 11:32:24

Stocks witnessed sharp fall in early hours of trading on Monday as investors went on selling spree amid lack of confidence in the market. Market analysts said the investors who have already been gr...

Baraka Shikalbaha Power starts commercial operation

Baraka Shikalbaha Power starts commercial operation

FE Report 2019-07-15 10:29:07

The Baraka Shikalbaha Power Limited (BSPL) started commercial operation of its 105 mw HFO-fired IPP power plant situated at Shikalbaha in Chattogram. BSPL is a 51 per cent subsidiary of Baraka Pateng...

Paramount Textile to buy brand new machinery

Paramount Textile to buy brand new machinery

FE Report 2019-07-15 10:25:50

The board of directors of Paramount Textile has decided to purchase some brand new capital machinery from abroad worth nearly Tk 117 million, said an official disclosure on Sunday. The textile compan...

Govt decides to take ADB loan, finally

Govt decides to take ADB loan, finally

Munima Sultana 2019-07-15 10:13:53

The government has finally decided to take out loan from Asian Development Bank (ADB) to reconstruct and expand the Dhaka-Sylhet highway, sources said. They said the costly Dhaka-Sylhet four-lane pro...

Korea willing to invest in energy, infra, ICT

Korea willing to invest in energy, infra, ICT

FE Report 2019-07-15 10:05:56

Visiting South Korean Prime Minister Lee Nak-yon said his country is willing to invest in energy, infrastructure, and ICT in Bangladesh to boost economic cooperation between the two nations. The Asia...

Korean PM wants stronger economic ties with Bangladesh

Korean PM wants stronger economic ties with Bangladesh

-- 2019-07-14 17:57:54

Visiting South Korean Prime Minister Lee Nak-yon on Sunday expressed his country's desire to take Bangladesh-Korea ties to the next level through stronger collaboration in key areas to bring mutual pr...

Stocks keep losing Sunday amid low confidence

Stocks keep losing Sunday amid low confidence

FE Online Report 2019-07-14 16:33:03

Stocks witnessed yet another bearish session on Sunday as worried investors continued their selling spree on major sectors’ shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went...

Paramount Textile to purchase brand new machinery

Paramount Textile to purchase brand new machinery

FE Online Report 2019-07-14 12:39:29

The board of directors of Paramount Textile has decided to purchase some brand new capital machinery from abroad worth nearly Tk 117 million, said an official disclosure on Sunday. The company will p...

CSE, DSE witness downturn in early trading

CSE, DSE witness downturn in early trading

FE Online Report 2019-07-14 11:52:46

Stocks witnessed a downward trend in early hours of trading on Sunday as most investors went on the selling spree amid lack of confidence in the market. Market analysts said the government’s mo...

DSE suspends shares trading of People’s Leasing

DSE suspends shares trading of People’s Leasing

FE Online Report 2019-07-14 10:59:47

The board of directors of Dhaka Stock Exchange (DSE) has suspended the trading of shares of People’s Leasing and Financial Services from Sunday. The prime bourse has decided to suspend its shar...

Women workers' outflow up 10pc in Jan-Jun

Women workers' outflow up 10pc in Jan-Jun

Arafat Ara 2019-07-14 10:57:49

The number of outbound women workers has increased by more than 10 per cent in the first six months of the current calendar year amid allegation of different types of workplace exploitation. Accord...

CA firms face music for professional misconduct

CA firms face music for professional misconduct

Mohammad Mufazzal 2019-07-14 10:23:52

The Institute of Chartered Accountants of Bangladesh (ICAB) has taken disciplinary actions against some auditors and CA (Chartered Accountant) firms for professional 'misconducts'. The council of t...

Significant rise in transactions through DSE mobile app

Significant rise in transactions through DSE mobile app

FE Report 2019-07-14 10:21:21

The country's premier bourse witnessed a significant rise in share transactions through DSE mobile app in the just concluded fiscal year (FY) compared to previous FY. The number of orders for share...

Minimum value for customs assessment made neutral

Minimum value for customs assessment made neutral

Doulot Akter Mala 2019-07-14 10:10:50

The National Board of Revenue (NBR) has introduced a country-neutral minimum value for customs assessment from the current fiscal year (FY) with an upward revision for the majority of products. Min...