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The Financial Express

Search results for: Bangladesh

Sonali Paper to make debut on DSE main market July 2

Sonali Paper to make debut on DSE main market July 2

FE ONLINE REPORT 2020-06-29 15:53:22

Sonali Paper & Board Mills Ltd will start trading on the Dhaka Stock Exchange main market from July 2, after remaining in the over-the-counter (OTC) market since 2009. The DSE in 2009 transferred...

Bourses post marginal gains amid cautious trading

Bourses post marginal gains amid cautious trading

FE ONLINE REPORT 2020-06-29 15:03:37

Stocks posted marginal gains on Monday though investors mostly followed cautious stance amid pandemic fears and floor price limitation. DSEX, the key index of the Dhaka Stock Exchange, went up by 7.4...

Bourses edge higher amid thin participation

Bourses edge higher amid thin participation

FE ONLINE REPORT 2020-06-29 10:52:08

Stocks witnessed marginal gain in early trading on Monday as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX advanced mo...

Five more listed banks declare dividend

Five more listed banks declare dividend

FE ONLINE REPORT 2020-06-29 10:36:02

The board of directors of five more listed banks have recommended a dividend between 5.0 per cent and 13 per cent for the year ended on December 31, 2019. The banks are: Al-Arafah Islami Bank, United...

Marico launches another product

Marico launches another product

FE DESK REPORT 2020-06-29 10:13:28

Marico Bangladesh Limited, the FMCG giant in the country, has stepped into vegetable and fruit hygiene category products by recently launching Mediker SafeLife Veggie Wash vegetable and fruit hygiene...

IDLC approves 35pc cash dividend

IDLC approves 35pc cash dividend

FE DESK REPORT 2020-06-29 10:08:26

The 35th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Saturday virtually by using digital platform in compliance with the directives set by Bangladesh Securitie...

DSE, regulator to secure Crest clients' investment

DSE, regulator to secure Crest clients' investment

FE Report 2020-06-29 09:45:01

The premier bourse and the securities regulator will ensure the security of the investments and funds of the clients of Crest Securities. Dhaka Stock Exchange (DSE) on Sunday said this at a press bri...

EPB moots $37 billion export target

EPB moots $37 billion export target

MONIRA MUNNI 2020-06-29 09:35:29

The Export Promotion Bureau (EPB) has proposed setting a $37.44-billion export target for fiscal year (FY) 2020-21, predicting 13-per cent growth, officials said. The EPB has also projected an additi...

Whitening black money: Others abuse fish farmers’ tax benefit

Whitening black money: Others abuse fish farmers’ tax benefit

Doulot Akter Mala 2020-06-29 09:29:19

A vested quarter is allegedly legalising their black money by taking advantage of the tax benefit meant for the fish farmers. Fish farmers have alleged that despite having no such business, some peop...

BD seeks $6.4b Chinese fund for new projects

BD seeks $6.4b Chinese fund for new projects

MIR MOSTAFIZUR RAHAMAN 2020-06-29 09:19:18

Bangladesh now wants Chinese funds for nine new projects worth US$ 6.4 billion. The Economic Relations Division has recently sent a letter to the Chinese government seeking investment fund for these...

DSE turnover hits 25 billion mark riding on block trade

DSE turnover hits 25 billion mark riding on block trade

FE ONLINE REPORT 2020-06-28 15:15:47

Daily trade turnover on Dhaka Stock Exchange (DSE) scaled a Tk 25 billion mark on Sunday, for the first time in nine and a half years, riding on the block transaction of GlaxoSmithKline shares. SETFI...

Two more banks recommend dividend

Two more banks recommend dividend

FE ONLINE REPORT 2020-06-28 13:12:30

The board of directors of two more banks - Social Islami Bank Ltd (SIBL) and ONE Bank Ltd - have recommended dividend for the year ended on December 31, 2019, according to separate official disclosure...

Stocks nearly flat at opening amid low turnover

Stocks nearly flat at opening amid low turnover

FE ONLINE REPORT 2020-06-28 10:59:25

Stocks remained almost flat in the early trading on Sunday as investors followed a cautious stance amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX, the key index...

Islami Bank’s net profit down 13pc in 2019

Islami Bank’s net profit down 13pc in 2019

FE Online Report 2020-06-28 10:46:48

Islami Bank Bangladesh’s net profit after tax fell 13.14 per cent year-on-on-year for the year ended on December 31, 2019 The board of directors of the bank in a meeting held on Saturday throug...

BSEC takes a tough line on IPO scrutiny

BSEC takes a tough line on IPO scrutiny

FE REPORT 2020-06-28 10:40:17

The securities regulator is scrutinising the IPO proposals very carefully for the sake of investors and the capital market. "Companies willing to go public have no scope of getting the regulatory app...

BUILD seeks corporate tax cut for all export sectors

BUILD seeks corporate tax cut for all export sectors

FE Report 2020-06-28 10:18:07

Business Initiative Leading Development (BUILD) has demanded reducing corporate tax for all the export-oriented sectors in the upcoming fiscal year (FY). It urged the government to consider the leath...

Bangladesh Submarine Cable's EPS jumps 61pc

Bangladesh Submarine Cable's EPS jumps 61pc

FE REPORT 2020-06-27 11:12:32

Bangladesh Submarine Cable Company's earnings per share (EPS) rose 61 per cent year-on-year in nine months that ended in March, 2020 as revenue increased during the period under review. The board of...

Weekly Review: Stocks post modest gain amid virus scare

Weekly Review: Stocks post modest gain amid virus scare

Babul Barman 2020-06-27 11:10:37

Stocks posted a modest gain in the outgoing week although investors were mostly inactive throughout the week due to pandemic fears and floor price limitation. Week-on-week, DSEX, the key index of the...

Amendment to VAT rebate provision likely

Amendment to VAT rebate provision likely

DOULOT AKTER MALA 2020-06-27 10:02:22

Two major fiscal measures regarding Value Added Tax or VAT may be revised in the Finance Bill, after widespread criticism. The measures include input credit on the basis of consumption and depositing...

Govt liabilities could climb 56pc in FY'21

Govt liabilities could climb 56pc in FY'21

 FE REPORT 2020-06-27 09:39:48

The government liabilities are expected to jump by 56 per cent at the end of June 2021, according to the annual financial statement. The document shows that total liabilities will stand at Tk. 3.36 t...

Crest Securities clients' worries deepen

Crest Securities clients' worries deepen

MOHAMMAD MUFAZZAL 2020-06-27 09:32:04

The volume of investors' fund, allegedly, embezzled by the owners of the Crest Securities Ltd., a member of the Dhaka Stock Exchange (DSE), could be sizeable, sources said. The brokerage firm, acco...

Faulty policy might offset govt bid to develop bond market

Faulty policy might offset govt bid to develop bond market

-- 2020-06-26 20:17:22

The government's move to develop a strong bond market to provide long-term financing through giving some amenities in the proposed budget for 2020-21 fiscal might not bring any positive change due to...

Jobless recovery might put progress of last decade at risk: Study

Jobless recovery might put progress of last decade at risk: Study

-- 2020-06-26 18:42:08

Job creation and inclusive growth must be the centrepiece of the recovery strategy amid the coronavirus outbreak otherwise jobless recovery might put the progress of the past decade at risk, said a st...

Revenue collection rises in May, but well below target

Revenue collection rises in May, but well below target

-- 2020-06-26 17:16:53

The government’s revenue collection increased to Tk 134.53 billion in May, but the amount was less than half of the target as the coronavirus crisis continues to ravage the economy. The revised...

Unilever Overseas Holdings to purchase 82pc shares of GSK

Unilever Overseas Holdings to purchase 82pc shares of GSK

FE Report 2020-06-26 09:50:42

Unilever Overseas Holdings B.V. will purchase 82 per cent shares of GlaxoSmithKline (GSK) Bangladesh which is listed on both the stock exchanges of Bangladesh. According to a corporate disclosure, Un...

Banks can give loans in phases in three years

Banks can give loans in phases in three years

FE REPORT 2020-06-26 09:46:51

The central bank has relaxed guidelines, allowing scheduled banks and non-bank financial institutions (NBFIs) to provide loans under the financial stimulus package to large industries and services in...

BB asked to simplify repatriation of foreign investment, profit

BB asked to simplify repatriation of foreign investment, profit

SYFUL ISLAM 2020-06-26 09:44:21

The government has moved to simplify the repatriation process of foreign investment and profit by removing the existing barriers for attracting the businesses being relocated by the global conglomerat...

Bangladeshis’ deposits in Swiss banks decline

Bangladeshis’ deposits in Swiss banks decline

FE REPORT 2020-06-26 09:32:08

Money deposited by Bangladeshis in Swiss banks fell slightly in 2019, according to the latest data released in Zurich on Thursday. The annual report of the Swiss National Bank or SNB titled 'Banks in...

DSE broker decamps with investors’ fund

DSE broker decamps with investors’ fund

FE REPORT 2020-06-26 09:24:50

Crest Securities Ltd, a member of Dhaka Stock Exchange (DSE), has shut down its head and branch offices without informing the exchange authority. According to insiders, the officials of Crest Securit...

Unilever to rebrand ‘Fair & Lovely’; new brand name to be announced after approval

Unilever to rebrand ‘Fair & Lovely’; new brand name to be announced after approval

FE Online Desk 2020-06-25 16:40:21

Unilever Bangladesh Limited (UBL) announced on Thursday the next step in the evolution of its skin care portfolio, with the rebranding of its flagship brand Fair & Lovely. Taking forward the brand...