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The Financial Express

Search results for: Bangladesh

Nine-day stock market holiday begins Aug 9

Nine-day stock market holiday begins Aug 9

FE Report 2019-08-03 10:41:19

Trading and official activities at Dhaka Stock Exchange (DSE) will remain closed for nine days from August 9 to 17, including weekly holidays, on the occasion of Eid-ul-Azha. The decision on Eid vaca...

Ten companies account for 28pc transactions on DSE

Ten companies account for 28pc transactions on DSE

FE Report 2019-08-02 10:40:36

Ten most traded companies accounted for 28 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes making it to the top of the turnover list. Market analysts said i...

NBR forms committee to make list of eligible items

NBR forms committee to make list of eligible items

Doulot Akter Mala 2019-08-02 10:27:15

The National Board of Revenue (NBR) has decided to resolve complexities regarding import of power sector equipment by preparing an integrated list of the products that are eligible for enjoying exempt...

Net foreign investment remains negative for fifth straight month

Net foreign investment remains negative for fifth straight month

Babul Barman 2019-08-02 10:26:32

Net foreign portfolio investment in Dhaka Stock Exchange (DSE) remained negative for the fifth consecutive month in July due to higher outflow of equity fund. Market analysts said foreign investors c...

Poor regulations cost 20pc of GDP: Expert

Poor regulations cost 20pc of GDP: Expert

FE Report 2019-08-02 10:04:56

Bangladesh loses at least 20 per cent of its gross domestic product (GDP) for poor regulations, a regulatory reform expert said on Thursday. "Bangladesh is suffering from low level of regulations a...

BASIC Bank: Kamal threatens to fold losing branches

BASIC Bank: Kamal threatens to fold losing branches

FE Report 2019-08-02 10:01:27

Finance minister AHM Kamal on Thursday lashed out at the officials of the BASIC Bank for their failure to improve the financial health of the troubled state lender. As the scandal-hit bank is struggl...

BD likely to become second largest recipient of Japanese assistance

BD likely to become second largest recipient of Japanese assistance

-- 2019-08-01 22:49:57

Bangladesh is likely to be the second largest recipient of Japanese assistance after India in the current Japanese fiscal year which starts from April 01. In last Japanese fiscal, Bangladesh was the...

Stock market to remain closed from Aug 9-17

Stock market to remain closed from Aug 9-17

FE Online Report 2019-08-01 19:51:38

Trading and official activities on Dhaka Stock Exchange (DSE) will remain closed for nine days from August 9 to August 17 on the occasion of Eid-ul-Azha, including weekly holidays. The decision came...

Stocks keep gaining for two straight sessions

Stocks keep gaining for two straight sessions

FE Online Report 2019-08-01 16:00:26

Stocks extended their gaining streak for the two straight sessions on Thursday as some investors continued their appetite on sector-wise shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Dev sans inclusiveness meaningless: Dr Rizvi

Dev sans inclusiveness meaningless: Dr Rizvi

FE Report 2019-08-01 12:43:27

The international affairs adviser to the prime minister, Dr Gowher Rizvi, said on Wednesday the country's achievement would be meaningless without inclusive growth. "Whatever we've achieved doesn't c...

BD seeks more British investment

BD seeks more British investment

-- 2019-08-01 12:13:04

Finance Minister AHM Mustafa Kamal has said more British companies should come up with more investment to Bangladesh and take advantage of its young and growing population. He said Bangladesh needs...

Stocks open positive after BB unveils MPS

Stocks open positive after BB unveils MPS

FE Online Report 2019-08-01 11:30:13

Stocks witnessed modest gain in early trading on Thursday as some investors went on buying shares after the central bank on Wednesday unveiled the monetary policy statement (MPS). Following the previ...

Most banks' EPS see higher growth in H1

Most banks' EPS see higher growth in H1

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

Earnings per share (EPS) of 73 per cent listed banks increased in first half (H1) of January-June 2019 period compared to the same period of the previous year. EPS is the portion of a company's pro...

LHBL posts 46pc growth in net profit in Q2

LHBL posts 46pc growth in net profit in Q2

FE Desk Report 2019-08-01 11:09:12

Leading cement manufacturer LafargeHolcim Bangladesh (LHBL) posted a significant increase in profits in the second quarter of the current year. Its net profit increased by 46 per cent during the peri...

Ring Shine Textile's subscription opens on Aug 25 to raise Tk 1.50b

Ring Shine Textile's subscription opens on Aug 25 to raise Tk 1.50b

FE Report 2019-08-01 11:05:11

The public subscription of Ring Shine Textiles Ltd is set to begin on August 25, aiming to raise a capital worth Tk 1.50 billion from the stock market. The company's initial public offering (IPO) sub...

Subsidy for crop insurance needed for food security

Subsidy for crop insurance needed for food security

FE Report 2019-08-01 10:58:33

Subsidy is required to successfully implement crop insurance system in the country, Dr Shameem Hassan Bhuiyan, a crop insurance expert, told a roundtable at a city hotel on Wednesday. "Crop insurance...

Kamal hopes to recover embezzled bank money

Kamal hopes to recover embezzled bank money

FE Report 2019-08-01 10:20:46

Finance Minister A H M Mustafa Kamal said he will recover the entire volume of money, embezzled from banks by various conglomerates like Hallmark Group. "My standpoint is still the same. We will reco...

Tax revenue collection misses target by Tk 571b

Tax revenue collection misses target by Tk 571b

FE Report 2019-08-01 09:54:19

Tax revenue collection posted an aggregate shortfall of Tk 571 billion in the fiscal year (FY) 2018-19 against its revised target, recording 10.7 per cent growth over the corresponding year. The grow...

MPS eyes higher growth

MPS eyes higher growth

Siddique Islam 2019-08-01 00:00:00

The central bank announced on Wednesday "cautiously accommodative" monetary policy statement (MPS) for the current fiscal year aiming to achieve higher growth while taming inflationary pressures. "Th...

BB has ‘no data on remittance outflow’

BB has ‘no data on remittance outflow’

-- 2019-07-31 17:20:37

Bangladesh Bank does not maintain any data on remittance outflow although it has updated data on remittance inflow, said its officials. Bangladesh Bank government Fazle Kabir and other deputy governo...

4,000 Rajshahi people get overseas jobs last year

4,000 Rajshahi people get overseas jobs last year

-- 2019-07-31 16:25:32

Around 4,000 people both male and female from Rajshahi district have got jobs in abroad including the Middle East countries last year. Earlier on, the people were given six-month training on general...

BB unveils cautiously accommodative monetary policy

BB unveils cautiously accommodative monetary policy

FE Online Report 2019-07-31 15:05:44

The central bank on Wednesday unveiled an accommodative but cautious monetary policy for this fiscal year (FY 2019-20) aiming to achieve maximum growth with curbing inflationary pressures on the econo...

ACI to set up joint-venture with CO-RO A/S

ACI to set up joint-venture with CO-RO A/S

FE Online Report 2019-07-31 11:57:15

ACI Limited will set up a joint-venture company with renowned Danish juice manufacturing company CO-RO A/S, said an official disclosure on Wednesday. In this regard, the board of directors of the A...

Ring Shine Textile’s subscription to begin Aug 25

Ring Shine Textile’s subscription to begin Aug 25

FE Online Report 2019-07-31 11:52:35

The IPO subscription of Ring Shine Textiles Limited is set to begin August 25, aiming to raise a capital worth Tk 1.50 billion from the capital market. The company’s initial public offering (...

Stocks post slight gain in early trading

Stocks post slight gain in early trading

FE Online Report 2019-07-31 11:33:47

Stocks witnessed modest gain in early trading on Wednesday as most of the investors followed cautious stance amid ongoing earnings declaration season coupled with monetary policy statement (MPS). The...

Rupali Life Insurance recommends 12pc cash dividend

Rupali Life Insurance recommends 12pc cash dividend

FE Online Report 2019-07-31 11:24:39

The board of directors of Rupali Life insurance has recommended 12 per cent cash dividend for the year ended on December 31, 2018, according to an official disclosure on Wednesday. The final approval...

Coppertech makes trading debut on August 5

Coppertech makes trading debut on August 5

FE Report 2019-07-31 10:56:21

Trading of the shares of Coppertech Industries will commence on the bourses on Monday (August 5) under 'N' category, officials said. The Coppertceh, which received regulatory approval from the Bangla...

Dhaka, Ctg account for ‘90pc loans, advances’

Dhaka, Ctg account for ‘90pc loans, advances’

FE Report 2019-07-31 10:48:58

Policy makers and experts have emphasised ensuring human dignity for all through expediting financial inclusion initiatives, saying that development without human dignity as the quintessential purpose...

Bangladesh now on World Bank’s ‘Gap Country’ list

Bangladesh now on World Bank’s ‘Gap Country’ list

FHM Humayan Kabir 2019-07-31 10:06:39

A World Bank (WB) team is coming to Bangladesh next week to apprise the country of its various loan options, as the country graduated to the lower-middle-income country status few years ago, officials...

BSEC seeks fiscal concessions to help develop bond market

BSEC seeks fiscal concessions to help develop bond market

Syful Islam 2019-07-31 09:51:46

The Bangladesh Securities and Exchange Commission (BSEC) has sought a number of fiscal concessions, including tax waivers, to help develop the country's moribund bond market, officials said. The comm...