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The Financial Express

Search results for: Bangladesh

Govt may set $41b goods export target

Govt may set $41b goods export target

FE REPORT 2020-07-16 09:21:49

The government is likely to set US$41.0 billion goods export target for this fiscal year (FY), 2020-21, predicting over 21 per cent growth, sources said. It is also going to fix additional $7.0 billi...

Dhaka stocks extend losses for third day

Dhaka stocks extend losses for third day

FE ONLINE REPORT 2020-07-15 15:39:35

Dhaka stocks extended the losing streak for the third straight session on Wednesday as cautious investors continued to opt some profits on major sectors’ issues amid the Covid-19 pandemic. The...

Four more listed companies recommend dividend

Four more listed companies recommend dividend

FE ONLINE REPORT 2020-07-15 11:48:27

Four more listed companies, including three insurers, have recommended dividends for the year ended on December 31, 2019, according to separate official disclosures on Wednesday. The companies are: P...

Stocks witness upturn in early session

Stocks witness upturn in early session

FE ONLINE REPORT 2020-07-15 11:30:47

Stocks witnessed positive trend in early trading on Wednesday as some investors are active on sector-wise large-cap issues. Within 30 minutes of trading, DSEX advanced more than 1.63 points while t...

GP declares 130pc interim cash dividend

GP declares 130pc interim cash dividend

FE ONLINE REPORT 2020-07-15 11:22:12

The board of directors Grameenphone (GP) has declared 130 per cent interim cash dividend for the year ending 2020, said an official disclosure on Wednesday. The largest market cap company declared...

Boom time for parcel service in pandemic

Boom time for parcel service in pandemic

ADNAN HOSSAIN BHUIYAN 2020-07-15 10:20:12

Courier and parcel service sector is doing a roaring trade even during the pandemic as consumers from home are ordering more products online than ever before. E-commerce sites, Facebook-based online...

DSE asks 15 firms to fulfill dearth of investors' funds by Thursday

DSE asks 15 firms to fulfill dearth of investors' funds by Thursday

MOHAMMAD MUFAZZAL 2020-07-15 10:00:02

The premier bourse has asked some 15 brokerage firms to fulfill the deficiency of investors' funds, found in their consolidated customers' accounts, by tomorrow (Thursday). After fulfilling the defic...

Covid cripples ADP execution in FY'20

Covid cripples ADP execution in FY'20

FHM HUMAYAN KABIR 2020-07-15 09:41:20

Coronavirus pandemic has impinged on the project implementation rate as the government agencies executed only 80 per cent in the just-concluded fiscal year, official data shows. However, the public...

BD eyes Africa as ME job mkts shrink

BD eyes Africa as ME job mkts shrink

Mir Mostafizur Rahaman 2020-07-15 09:35:10

Bangladesh has now decided to resume efforts to explore job markets in Africa against the backdrop of mass deportation of foreign workers from the Middle-East (ME) countries. Earlier, a written propo...

NBFIs 'out of step with banks'

NBFIs 'out of step with banks'

FE REPORT 2020-07-15 09:26:47

The Bangladesh Leasing and Finance Companies Association (BLFCA) Tuesday sought government help to bring bonds and sukuk in the market to ensure long-term sources of funds for the non-bank financial...

Bangladesh, China form joint venture on renewable energy

Bangladesh, China form joint venture on renewable energy

FE ONLINE REPORT 2020-07-14 18:10:37

China and Bangladesh has established a new joint venture company (JVC), titled “Bangladesh-China Power Company (Pvt) Ltd (Renewable),” to implement renewable energy projects having a targe...

Stocks extend losses amid low turnover

Stocks extend losses amid low turnover

FE ONLINE REPORT 2020-07-14 15:31:17

Stocks extended the losing streak for the second day in a row on Tuesday as risk-averse investors opted for quick-profit on selective issues amid ongoing virus fears. DSEX, the key index of the Dhaka...

Stocks witness positive trend amid virus jitters

Stocks witness positive trend amid virus jitters

FE ONLINE REPORT 2020-07-14 11:28:56

Stocks witnessed positive trends in early trading on Tuesday as a section of investors showed their buying binge on selective large-cap issues. Within 30 minutes of trading, DSEX advanced more than 3...

No move for encouraging IPO floatation: DSE team detects management inefficiencies

No move for encouraging IPO floatation: DSE team detects management inefficiencies

Mohammad Mufazzal 2020-07-14 10:35:08

Dhaka Stock Exchange (DSE) has moved to review the performances of its staffs from top to bottom in the context of their respective salaries and benefits to ensure an efficient management reducing ope...

$2.0b budgetary support likely this fiscal year

$2.0b budgetary support likely this fiscal year

SYFUL ISLAM 2020-07-14 09:17:18

The government is working on securing about $2.0 billion budgetary support from bilateral and multilateral development partners in the current fiscal year (FY), finance ministry officials said. In...

Express Insurance IPO lottery draw July 23

Express Insurance IPO lottery draw July 23

FE Online Report 2020-07-13 17:29:46

Express Insurance Ltd is set to hold IPO lottery draw on July 23, aiming to allocate 26.07 million ordinary shares among the successful applicants. The lottery draw will be held through digital platf...

Govt to unveil economic review in Sept next

Govt to unveil economic review in Sept next

FE Online Report 2020-07-13 16:21:20

The economic review, a popular budget publication, will now be published sometime in September next. The publication usually covers data relating to the country's economic activities. The finance di...

DSE slips into red, snapping five-day winning streak

DSE slips into red, snapping five-day winning streak

FE ONLINE REPORT 2020-07-13 15:52:17

Stocks on Dhaka bourse slipped into the red on Monday, snapping a five-day winning streak, as risk-averse investors opted for quick-profit on selective issues amid ongoing Covid-19 pandemic. Followin...

Asia Insurance declares 10pc cash dividend

Asia Insurance declares 10pc cash dividend

FE ONLINE REPORT 2020-07-13 11:57:07

The board of directors of Asia Insurance has recommended 10 per cent cash dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the annual general meet...

DSEX exceeds 4,100-mark in early trading

DSEX exceeds 4,100-mark in early trading

FE ONLINE REPORT 2020-07-13 11:22:50

Stocks witnessed positive trend in early trading on Monday with the key index of the prime bourse crossing the 4,100-mark as the buoyant investors continued their buying binge amid growing confidence....

'Innovation helps GP cushion Covid shock'

'Innovation helps GP cushion Covid shock'

ISMAIL HOSSAIN 2020-07-13 10:18:40

Top network operator Grameenphone has unleashed innovative solutions to fend off challenges posed by coronavirus pandemic, the company's top executive says. "This ongoing pandemic has created sever...

Aamra Networks to issue Tk 1.0b zero coupon bonds   

Aamra Networks to issue Tk 1.0b zero coupon bonds  

FE REPORT 2020-07-13 10:15:49

The board of directors of Aamra Networks Ltd has decided to issue non-convertible zero coupon bonds worth Tk 1.0 billion. The IT company will issue the bond at face value through private placement,...

Reliance Ins approves 25pc cash dividend

Reliance Ins approves 25pc cash dividend

-- 2020-07-13 10:12:18

The 32nd Annual General Meeting of Reliance Insurance Limited was held on Sunday on digital platform. Mr. Habibullah Khan, Vice-Chairman of the Board of Directors presided over the meeting. The 32nd...

Regent Textile to extend IPO funds utilisation time further

Regent Textile to extend IPO funds utilisation time further

FE REPORT 2020-07-13 10:08:21

Regent Textile Mills Ltd has decided to revise and extend IPO funds utilisation and implementation time further as the company failed to utilise the funds fully within the stipulated timeframe. The...

'Archaic forex rule deters foreign investors'

'Archaic forex rule deters foreign investors'

FE REPORT 2020-07-13 09:46:19

Bangladesh needs to make progress in five key areas in the coming days to attract both domestic and overseas investments, business leaders and economists say. The five factors are further facilitat...

Policy, reforms to encourage private investment stressed

Policy, reforms to encourage private investment stressed

FE ONLINE REPORT 2020-07-12 18:25:00

Bangladesh needs to quickly design and roll out policy actions and reforms on long-standing issues holding back private investment in order to effectively address the unfolding impacts of coronavirus-...

Stocks stay afloat amid regulatory moves

Stocks stay afloat amid regulatory moves

FE ONLINE REPORT 2020-07-12 16:29:45

Stocks surged on Sunday, extending the winning streak for the fifth straight session, as the buoyant investors continued their buying spree at the lowest possible prices amid the floor price system....

Berger to launch expert sanitisation service

Berger to launch expert sanitisation service

FE ONLINE REPORT 2020-07-12 14:16:18

Berger Paints Bangladesh is planning to introduce Berger expert sanitisation service as part of its business diversification. The service is expected to be launched in the fourth week of July 2020, a...

SANEM supports borrowing funds from reserves

SANEM supports borrowing funds from reserves

FE REPORT 2020-07-12 09:46:44

The government can finance its large development projects from foreign exchange reserves instead of borrowing from the country's banking sector, a think-tank suggested on Saturday. Since foreign exch...

Innovations key to economic recovery

Innovations key to economic recovery

FE REPORT 2020-07-12 09:44:39

Experts at a webinar on Saturday said successful economic recovery would largely depend on transparent public finances, accountability and information accuracy. Professionals in the relevant fields h...