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The Financial Express

Search results for: Bangladesh

Stocks slip into red after bumpy ride

Stocks slip into red after bumpy ride

FE Online Report 2019-05-12 16:50:58

Stocks slipped back into the red on Sunday, after a single-session break, as investors booked profits with cautious positioning. Analysts said the market finished nearly flat as a section of investor...

Islamic Finance to issue Tk 3.0b bond

Islamic Finance to issue Tk 3.0b bond

FE Online Report 2019-05-12 11:24:03

The board of directors of Islamic Finance & Investment has decided to issue IFIL Mudaraba non-convertible fully redeemable subordinated bond of Tk 3.0 billion, said an official disclosure on Sunda...

Stocks witness upward trend in early trading

Stocks witness upward trend in early trading

FE Online Report 2019-05-12 11:21:34

The prices of most of the shares on both bourses saw an upward trend in early trading on Sunday as investors were showing appetite on sector-wise shares following government measures. Following the p...

Uttara Finance recommends 20pc cash dividend

Uttara Finance recommends 20pc cash dividend

FE Online Report 2019-05-12 11:14:13

The board of directors of Uttara Finance and Investments has recommended 20 per cent cash dividend for the year ended on December 31, 2018. The final approval of the dividend will come during the ann...

Raw materials price hike takes a toll on net profit of Premier Cement

Raw materials price hike takes a toll on net profit of Premier Cement

Mohammad Mufazzal 2019-05-12 11:08:32

The net profit of Premier Cement Mills declined moderately for the fiscal year (FY) 2018 compared to previous year due to various reasons including the increased cost of raw materials. The company re...

Jobs in ME countries post over 17pc fall in four months

Jobs in ME countries post over 17pc fall in four months

FE Report 2019-05-12 09:40:49

The country saw a fall in overseas employment by more than 17 per cent in the first four months of the current calendar year following a cut in recruitment by Middle Eastern (ME) nations, official sta...

Weekly analysis: Stocks retreat after one-week rise

Weekly analysis: Stocks retreat after one-week rise

Babul Barman 2019-05-11 10:25:43

Even as the government took some market-supportive measures, stocks slipped back into the red in the outgoing week after a one-week break. Thursday was the last trading day of the week. Market analy...

Ten most-traded cos grab 28pc of weekly turnover

Ten most-traded cos grab 28pc of weekly turnover

FE Report 2019-05-11 10:22:36

The ten most-traded companies accounted for nearly 28 per cent transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Fortune Shoes making it to the top of the list for the second s...

Higher import payments strain forex reserves

Higher import payments strain forex reserves

Siddique Islam 2019-05-11 09:48:10

The country's foreign exchange reserves have come under pressure after higher external payments against import of oil and construction materials for mega projects. The reserves shrank on Wednesday af...

Railway to get record high allocation in next ADP

Railway to get record high allocation in next ADP

FHM Humayan Kabir 2019-05-11 09:47:11

Bangladesh Railway (BR) is going to receive a record high fund allocation in the next development budget as the quality of its service has been on the decline, insiders said Friday. They said despi...

Govt sets higher revenue collection target for FY20

Govt sets higher revenue collection target for FY20

-- 2019-05-10 20:31:03

The government has set revenue collection target at Tk 3.97 trillion for 2019-20 fiscal year to reduce dependency on foreign aid and grants. According to UNB, the new revenue target is about Tk 1.0 t...

Kamal upbeat on economy

Kamal upbeat on economy

-- 2019-05-10 10:07:34

Finance minister AHM Mustafa Kamal said Thursday Bangladesh will be listed among 20 financially influential countries in the next five years. He said by 2024, Bangladesh will be among the 20 countr...

DSE to scrutinise financial statement of Coppertech

DSE to scrutinise financial statement of Coppertech

FE Report 2019-05-10 10:03:26

The Dhaka Stock Exchange (DSE) has decided to scrutinise the financial statement of Coppertech Industries, now awaiting listing on the country's bourses. The decision came at a board meeting of the p...

Ten cos account for 30pc turnover on DSE

Ten cos account for 30pc turnover on DSE

FE Report 2019-05-10 10:00:55

The ten most-traded companies accounted for nearly 30 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes dominating the chart for the fourth straight day. Mark...

Economy faces 'growth conundrum'

Economy faces 'growth conundrum'

FE Report 2019-05-10 09:12:02

The GDP growth rate and its corresponding data sources in Bangladesh remain largely inconsistent causing a "growth conundrum(Puzzle)," according to a research firm. The Dhaka-based South Asian Networ...

Merchandise exports witness 11.61pc growth

Merchandise exports witness 11.61pc growth

FE Online Report 2019-05-09 19:10:42

The country's merchandise exports during the July-April of current fiscal (FY19) marked 11.61 per cent growth, according to official data released on Thursday.   As per data by Export Prom...

Bangladesh receives record FDI in 2018

Bangladesh receives record FDI in 2018

-- 2019-05-09 18:03:10

Bangladesh has received a record amount of foreign direct investment (FDI) in 2018 with China being the leading investor in the country. The United States, which is traditionally the top investor, wa...

Stocks finish flat on Thursday

Stocks finish flat on Thursday

FE Online Report 2019-05-09 17:41:31

Stocks finished almost flat on Thursday after volatile trading as investors booked profits with cautious positioning. Analysts said the market finished flat as a section of investors continued binge...

Premier Bank to issue Tk 5.0b bond

Premier Bank to issue Tk 5.0b bond

FE Online Report 2019-05-09 12:00:45

The board of directors of Premier Bank Limited has decided to issue additional non-convertible subordinated bond of Tk 5.0 billion, said an official disclosure on Thursday. The bank will issue the bo...

Stocks inch up on BSEC move

Stocks inch up on BSEC move

FE Online Report 2019-05-09 11:29:16

The prices of most of the shares on bourses saw positive trend in early trading on Thursday as investors followed cautious despite securities regulator’s moves. According to the BSEC move, the...

Sea Pearl IPO lottery draw May 23

Sea Pearl IPO lottery draw May 23

FE Report 2019-05-09 10:42:36

Initial Public Offering (IPO) lottery draw of Sea Pearl Beach Resort & Spa Ltd will be held on May 23 to allocate 15 million ordinary shares among the successful applicants, officials said. The l...

Fortune Shoes leads turnover chart for third day

Fortune Shoes leads turnover chart for third day

FE Report 2019-05-09 10:41:14

Ten most-traded companies captured nearly 38 per cent transaction of the Dhaka Stock Exchange (DSE) Wednesday while Fortune Shoes topped the chart for third straight day. Market insiders said investo...

BSEC retains lock-in provision

BSEC retains lock-in provision

FE Report 2019-05-09 10:38:24

The lock-in period applicable to non-general shareholders will remain in place from the date of debut trading instead of issuing IPO prospectus. Lock-in is a predetermined amount of time after an ini...

Fresh guideline soon on loan rescheduling

Fresh guideline soon on loan rescheduling

FE Report 2019-05-09 10:33:32

Finance Minister A H M Mustafa Kamal said the central bank will issue a revised guideline soon on default loan rescheduling. "What we've pledged so far (on rescheduling of default loans) will be st...

Stocks extend losing streak amid choppy trading

Stocks extend losing streak amid choppy trading

FE Online Report 2019-05-08 17:34:07

Stocks witnessed yet another bearish session on Wednesday, extending the losing streak for the third day, as investors continued their selling spree. Market analysts said stocks fell further as most...

Stocks fall in early trading amid selling spree

Stocks fall in early trading amid selling spree

FE Online Report 2019-05-08 11:36:12

The prices of most of the shares on both bourses witnessed a downward trend in early trading on Wednesday as risk-averse investors continued their selling spree. Following the previous two days&rsquo...

Net foreign investment in DSE dips in April

Net foreign investment in DSE dips in April

Babul Barman 2019-05-08 10:52:34

Net foreign investment in the Dhaka Stock Exchange (DSE) remained negative for the two straight months in April as overseas investors continued their selling binge. Foreign investors collected shares...

Ten cos snare 32pc turnover

Ten cos snare 32pc turnover

FE Report 2019-05-08 10:48:22

Top ten-traded firms captured nearly 32 per cent transaction of the Dhaka Stock Exchange (DSE) on Tuesday while Fortune Shoes continued to top the chart. Market analysts said investors were active on...

New-look VAT law: NBR’s gap with FBCCI widens

New-look VAT law: NBR’s gap with FBCCI widens

Doulot Akter Mala 2019-05-08 09:30:54

The apex trade body of the country has termed the Value Added Tax (VAT) and Supplementary Duty (SD) Act-2012, as it is in its present form after changes to it, still 'not prepared' and 'much-lingered'...

Plan to export 1.0m tonnes of surplus Boro rice

Plan to export 1.0m tonnes of surplus Boro rice

-- 2019-05-07 16:54:03

The government is planning to export around 1 million tonnes of surplus Boro rice after meeting the domestic demand, Agriculture Minister Abdur Razzaque said on Tuesday. The government will hold a di...