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The Financial Express

Search results for: Bangladesh

Remittances top $3.0b in August

Remittances top $3.0b in August

FE Report 2019-09-03 10:51:47

Money sent home by expatriate Bangladeshis amounted to over US$3.0 billion in the two months to August, boosted by increased flow on the occasion of Eid-ul-Azha. The flow of remittances rose by nearl...

BRTC to offload 49pc share in capital market

BRTC to offload 49pc share in capital market

-- 2019-09-02 21:20:15

The Cabinet on Monday approved the draft of ‘Bangladesh Road Transport Corporation Bill, 2019’ to offload 49 per cent share of the corporation in the capital market. The approval came at...

'BD remains in top since 2009 in attaining GDP growth'

'BD remains in top since 2009 in attaining GDP growth'

-- 2019-09-02 17:13:26

Finance Minister AHM Mustafa Kamal on Monday said Bangladesh remains in top position in attaining GDP growth compared to other countries in the world over the last 10 years since 2009 under the curren...

Stocks extend losses for fourth straight session

Stocks extend losses for fourth straight session

FE Online Report 2019-09-02 15:37:58

Stocks witnessed yet another bearish session on Monday, extending the losing streak for the fourth straight session, as cautious investors continued their selling binge on large-cap stocks. DSEX, pri...

Stocks witness modest fall in early trading

Stocks witness modest fall in early trading

FE Online Report 2019-09-02 11:52:14

The prices of most of the shares on the bourses witnessed downward trend in early hour of trading on Monday as investors mostly followed cautious stance. Following the previous day’s marginal c...

FICCI for research-based sound policy changes

FICCI for research-based sound policy changes

FE Report 2019-09-02 10:43:42

Raising concern over unpredictable policymaking, foreign investors on Sunday said any change in the policy should be based on comprehensive research. They said any policy change made through wrong an...

Net foreign fund in stocks remains negative

Net foreign fund in stocks remains negative

Babul Barman 2019-09-02 10:13:41

Net foreign investment in Dhaka Stock Exchange (DSE) remained negative for the sixth straight month in August as the overseas investors continued to pull out their fund amid lack of confidence. Marke...

DSEX hits more than one-month low

DSEX hits more than one-month low

FE Online Report 2019-09-01 17:13:26

Stocks extended the losing streak for the third straight session on Sunday as risk-averse investors continued their selling binge on sector-wise stocks. DSEX, prime index of Dhaka Stock Exchange (DSE...

Higher interest rate naturally creates loan defaulters: PM

Higher interest rate naturally creates loan defaulters: PM

UNB 2019-09-01 16:24:23

Prime Minister Sheikh Hasina on Sunday said the government has taken steps to bring down the interest rate of bank loan to a single digit in all banks, noting that higher interest rate naturally creat...

National Polymer recommends 22pc stock dividend

National Polymer recommends 22pc stock dividend

FE Online Report 2019-09-01 13:27:58

The board of directors of National Polymer Industries Ltd has recommended 22 per cent stock dividend for the year ended on June 30, 2019. It has also recommended raising of paid up capital through is...

DSE sees downturn, CSE gains in early trading

DSE sees downturn, CSE gains in early trading

FE Online Report 2019-09-01 11:41:15

The prices of most of the shares on country's prime bourse witnessed a downward trend in early hour of trading on Sunday as investors mostly followed cautious stance. Following the previous week&rsqu...

Doreen Power recommends 30pc dividend

Doreen Power recommends 30pc dividend

FE Online Report 2019-09-01 11:36:53

The board of directors of Doreen Power Generations and Systems Ltd has recommended 17 per cent cash dividend for shareholders excluding the sponsors/directors and 13 per cent stock dividend for all sh...

Time is now ripe for introducing 'Sukuk': Experts

Time is now ripe for introducing 'Sukuk': Experts

FE Report 2019-09-01 10:02:20

The country needs to formulate a comprehensive legal and regulatory framework for getting optimum benefit from the Islamic financing instruments, former chairman of the National Board of Revenue (NBR)...

Weekly analysis: Stocks snap four-week winning streak

Weekly analysis: Stocks snap four-week winning streak

Babul Barman 2019-08-31 11:53:24

The stock market suffered a major correction in the outgoing week, snapping a four-week gaining streak, as risk-averse investors chose to book quick profit on large-cap stocks. Week on week, the DSEX...

National Polymer to issue rights shares

National Polymer to issue rights shares

FE Report 2019-08-31 11:49:42

The board of directors of National Polymer Industries has decided to issue rights shares to cope with the business growth and strengthen the capital base of the company. The board has also recommende...

United Power tops the chart for third straight week

United Power tops the chart for third straight week

FE Report 2019-08-31 11:01:25

Ten most traded companies accounted for one-fourth of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with the United Power Generation & Distribution Company making it to the...

Joint efforts key to sustainable banking

Joint efforts key to sustainable banking

FE Report 2019-08-30 10:26:24

A collaborative approach of industry-led initiatives and policy leadership is required to ensure sustainable financing in banking system, experts said on Thursday. The banks, in most cases, look less...

Govt to cut down on bank borrowing for September

Govt to cut down on bank borrowing for September

Siddique Islam 2019-08-30 10:18:00

The government is set to reduce borrowing from the country's banking system for September, compared to the current month, to meet the budget deficit partly. The ministry of finance has set the bank b...

No fresh loans for defaulters until Oct 20: HC

No fresh loans for defaulters until Oct 20: HC

FE Report 2019-08-30 10:05:05

The High Court on Thursday ordered the Bangladesh Bank and other banks not to allow the loan defaulters to take out fresh credit until October 20. They are the loan defaulters, who got the opportunit...

Over half of BO accounts exist in name only

Over half of BO accounts exist in name only

Mohammad Mufazzal 2019-08-30 09:54:48

More than half the active BO (beneficiary owner) accounts are not playing any role in daily share transactions as they have either zero balance or have never been used in share trading. This has been...

Ten cos account for 30.5pc of transactions on DSE

Ten cos account for 30.5pc of transactions on DSE

FE Report 2019-08-29 10:47:54

Ten most traded companies accounted for 30.5 per cent of transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with the United Power Generation & Distribution Company generating the highest...

Compound interest rate not feasible, says Kamal

Compound interest rate not feasible, says Kamal

FE Report 2019-08-29 10:43:33

Finance minister AHM Mustafa Kamal said on Wednesday the compound interest rate of bank loans is not feasible in modern times. He said the borrowers do not want to pay 14-16 per cent interest in bank...

SEML FBLSL Growth Fund price dips 62.18pc in 15 sessions

SEML FBLSL Growth Fund price dips 62.18pc in 15 sessions

FE Report 2019-08-28 10:48:42

The price of the units of the SEML FBLSL Growth Fund declined 62.18 per cent in last 15 sessions. Following continuous price correction, the fund became the worst loser on Tuesday as the unit price...

Indo-Bangla Pharma to produce 1200m tablets per year

Indo-Bangla Pharma to produce 1200m tablets per year

FE Report 2019-08-28 10:44:33

Indo-Bangla Pharmaceuticals (IBP) has inked a manufacturing agreement with RHK GLOBAL (HK), Hong Kong, to produce Super Tramex-100mg brand tablet. Under the agreement made on August 26, Tramadol, the...

Banks’ H1 deposit growth up slightly

Banks’ H1 deposit growth up slightly

Siddique Islam 2019-08-28 10:17:36

The overall deposit growth in the country's banking sector rose but slightly in the first-half (H1) of the current calendar year following a higher remittance inflow. Lower sales of national saving...

Bad loans taking toll on banks’ profit earning

Bad loans taking toll on banks’ profit earning

FE Report 2019-08-28 10:03:53

Profitability of the country's banks has declined by around 17 per cent over the last 10 years, mainly due to growth in the volume of bad loans, according to a study report. The bulging non-performin...

Dhaka, Tokyo sign MoC on skilled workers recruitment

Dhaka, Tokyo sign MoC on skilled workers recruitment

-- 2019-08-27 14:09:39

Dhaka and Tokyo on Tuesday signed a Memorandum of Cooperation (MoC) on accepting specified skilled workers by Japan from Bangladesh. The document was signed by the Expatriates’ Welfare and Over...

Beacon Pharma, United Power dominate turnover chart

Beacon Pharma, United Power dominate turnover chart

FE Report 2019-08-27 10:28:41

Top 10 traded companies captured 28.38 per cent of the turnover featured by the Dhaka Stock Exchange (DSE) on Monday. Of the top turnover leaders, Beacon Pharmaceuticals featured a turnover of Tk 232...

Climate change adversely affecting sustainability of construction sector: Experts

Climate change adversely affecting sustainability of construction sector: Experts

FE Online Report 2019-08-26 20:39:11

Growing climate change vulnerability especially rising temperature is adversely affecting the sustainability of Bangladesh’s construction and building industry, said experts. The observations c...

DSE pays homage to Bangabandhu

DSE pays homage to Bangabandhu

FE Online Desk 2019-08-26 18:16:24

DSE arranged a doa mahfil and discussion meeting on Monday to pay homage to Bangabandhu Sheikh Mujibur Rahman on the occasion of his 44th death anniversary. DSE chairman Prof Abul Hashem, directors a...