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The Financial Express

Search results for: Bangladesh

Germany to provide 200m Euro for development projects

Germany to provide 200m Euro for development projects

-- 2019-07-30 19:31:07

Bangladesh and Germany on Tuesday signed two bilateral agreements on development cooperation with German assistance worth 200 million Euro (approximately Tk 18.47 billion) for various development proj...

Stocks slip into red ahead of MPS

Stocks slip into red ahead of MPS

FE Online Report 2019-07-30 15:49:14

Stocks slipped into the red on Tuesday as investors were mostly on selling spree amid lower than expected earnings of some companies. Market analysts said most of the investors remained cautious amid...

BATBC’s EPS slumps 38pc in Apr-June quarter

BATBC’s EPS slumps 38pc in Apr-June quarter

FE Online Report 2019-07-30 13:48:22

The British American Tobacco Bangladesh Company’s (BATBC) earnings per share (EPS) plunged 38pc year-on-year in April-June 2019 quarter. According to unaudited financial statements, the multina...

Two more life insurers recommend dividend

Two more life insurers recommend dividend

FE Online Report 2019-07-30 11:37:41

The board of directors of two life insurance companies – Sandhani Life Insurance and National Life Insurance – have recommended dividend for the year ended on December 31, 2018, according...

DSE sees modest gain in early trading

DSE sees modest gain in early trading

FE Online Report 2019-07-30 11:34:13

Dhaka stocks witnessed modest gain in early trading on Tuesday as some investors were active on sector specific shares ahead of monetary policy statement (MPS). Following the previous day’s m...

Fortune Shoes generates highest turnover

Fortune Shoes generates highest turnover

FE Report 2019-07-30 11:07:08

Ten most traded companies accounted for 27 per cent transactions on the Dhaka Stock Exchange (DSE) on Monday, with the Fortune Shoes making it to the top of the turnover list again. Market analysts...

Three mutual funds declare dividend

Three mutual funds declare dividend

FE Report 2019-07-30 11:04:53

The trustee committees of three mutual funds have declared dividend for the year ended on June 30, 2019. The mutual funds are NLI First Mutual Fund, Southeast Bank 1st Mutual Fund and Asian Tiger San...

Move to revamp share market

Move to revamp share market

Siddique Islam 2019-07-30 09:49:43

Twenty seven share market related entities will get nearly Tk 860 million from capital market refinancing scheme shortly, officials said. The decision was taken at a meeting of the scheme monitorin...

'5.0pc tax for up to Tk 0.5m investment in savings certificates'

'5.0pc tax for up to Tk 0.5m investment in savings certificates'

FE Online Desk 2019-07-29 17:21:37

Finance Minister AHM Mustafa Kamal has said five per cent tax at source will be applicable from July for investment of up to Tk 500,000 in all types of savings certificates. “We’ll take t...

Stocks end higher amid cautious trading

Stocks end higher amid cautious trading

FE Online Report 2019-07-29 15:44:51

Stocks finished higher on Monday as some investors were active in the market ahead of monetary policy statement. Market analysts said some institutional investors continued buying shares head of mone...

City Bank to issue Tk 4.0b perpetual bonds

City Bank to issue Tk 4.0b perpetual bonds

FE Online Report 2019-07-29 11:55:49

The board of directors of The City Bank Limited has decided to raise Tk 4.0 billion through issuance of perpetual bonds, said an official disclosure on Monday. The City Bank will issue the bonds fo...

Stocks post marginal gain at opening

Stocks post marginal gain at opening

FE Online Report 2019-07-29 11:50:52

Stocks witnessed modest gain in early trading on Monday, after passing a flat session in the previous day, as some investors were active on sector specific issues. Following the previous day’...

Progressive Life declares dividends

Progressive Life declares dividends

FE Report 2019-07-29 10:54:50

The board of directors of Progressive Life Insurance has recommended 'no' dividend for two consecutive years - one ending on December 31, 2013 and the other on December 31, 2014. However, the board...

United Power leads turnover chart

United Power leads turnover chart

FE Report 2019-07-29 10:51:49

Ten most traded companies accounted for 28 per cent of transactions on the Dhaka Stock Exchange (DSE) on Sunday, with the United Power Generation and Distribution Company Ltd. securing the top spot on...

Coppertech gets DSE listing nod

Coppertech gets DSE listing nod

FE Report 2019-07-29 10:38:48

The country's premier bourse has finally given the go-ahead to enlist the much-anticipated Coppertech Industries. The Dhaka Stock Exchange (DSE) sent a letter to the company on Sunday, approving it...

Monetary policy to beef up capital market

Monetary policy to beef up capital market

Siddique Islam 2019-07-29 09:49:16

The central bank is set to unveil its first half-yearly (H1) monetary policy for the current fiscal year, 2019-20, on Wednesday, with the policy rates likely to remain unchanged. The monetary instrum...

BB to unveil MPS on Wednesday

BB to unveil MPS on Wednesday

-- 2019-07-28 20:08:23

The Bangladesh Bank will unveil its monetary policy statement (MPS) for the first half of the current fiscal year (2019-20) on Wednesday. “BB Governor Fazle Kabir will unveil the MPS at 11.30am...

Stocks end almost flat after choppy trading

Stocks end almost flat after choppy trading

FE Online Report 2019-07-28 16:04:19

Stocks ended almost flat on Sunday after choppy trading as investors mostly followed cautious stance amid prevailing volatile market trend. Market analysts said a section of investors became active i...

Industrial share of GDP to reach 40pc by 2021: Humayun

Industrial share of GDP to reach 40pc by 2021: Humayun

-- 2019-07-28 15:24:34

Industries minister Nurul Majid Mahmud Humayun today (Sunday) said contribution of industrial sector to GDP will reach 40 per cent by 2021 as the government is providing all sorts of efforts in this r...

Bata Shoe’s EPS slumps 54pc in Q2

Bata Shoe’s EPS slumps 54pc in Q2

FE Online Report 2019-07-28 14:04:52

The Bata Shoe Company’s (Bangladesh) earnings per share (EPS) plummeted 54 per cent in April-June quarter (Q2) of 2019 compared to the corresponding period of the previous year. The multination...

Stocks witness uptrend in early trading

Stocks witness uptrend in early trading

FE Online Report 2019-07-28 11:36:40

After a volatile week, stocks witnessed an upward trend in early trading on Sunday as some investors were active on sector specific shares. Following the previous week’s flat ending, the Dhaka...

MTB sees steady growth

MTB sees steady growth

FE Report 2019-07-28 10:54:29

Mutual Trust Bank (MTB), a leading private commercial bank, has witnessed a steady growth in financial indicators. Skilled human resources and tech-savvy products of the bank played important roles...

Liquidity shortage pushes up private banks’ deposit rates

Liquidity shortage pushes up private banks’ deposit rates

Siddique Islam 2019-07-28 09:53:26

The ongoing liquidity crunch has forced many private commercial banks to raise their deposit rates, particularly that of term deposits. The hike has made the government move to lower the lending rate...

Fortune Shoes shines bright on weekly turnover chart

Fortune Shoes shines bright on weekly turnover chart

FE Report 2019-07-27 10:53:17

Ten most traded companies accounted for 23 per cent transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with the Fortune Shoes making it to the top of the turnover list again. Mark...

Stocks crawl back into green on regulatory interventions

Stocks crawl back into green on regulatory interventions

Babul Barman 2019-07-27 10:23:33

Stocks inched up in the outgoing week, snapping a three-week losing streak, as institutional investors came forward to stop the big declines. Week on week, DSEX, the prime index of the Dhaka Stock Ex...

BIDA's tax-reform recipe to NBR

BIDA's tax-reform recipe to NBR

Doulot Akter Mala 2019-07-27 09:40:39

The Bangladesh Investment Development Authority (BIDA) has requested the National Board of Revenue (NBR) to initiate some tax reforms as suggested in an action plan, prepared to help improve the count...

BEZA allocates 6,077 acres land for 53 industrial units at BSMSN

BEZA allocates 6,077 acres land for 53 industrial units at BSMSN

-- 2019-07-26 21:47:56

The Bangladesh Economic Zones Authority (BEZA) has allocated a total of 6,077 acres of land among the 53 business houses in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram for setting...

$1.0t dream budget before 2034: Kamal

$1.0t dream budget before 2034: Kamal

FE Report 2019-07-26 11:28:20

Finance minister AHM Mustafa Kamal said on Thursday the size of the country's annual budget would stand at $1.0 trillion even before 2034. "Such a $1.0-trillion budget is our dream and we'll reach th...

BB raises maximum limit of US dollar for travellers

BB raises maximum limit of US dollar for travellers

FE Report 2019-07-26 11:21:38

The central bank has increased the maximum limit of cash US dollar for travellers' to $12,000 from the existing level of $5,000 and $7,000 for a calendar year. The revised limit of foreign exchange f...

Suspension of approvals to affect other businesses also: GP

Suspension of approvals to affect other businesses also: GP

FE Report 2019-07-26 11:15:30

Grameenphone (GP), the country's largest mobile phone operator, has protested the telecom regulator's decision to withhold issuing any kind of approvals, including NOCs (no-objection certificate), t...