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The Financial Express

Search results for: Bangladesh

Paramount Insurance recommends 5.0pc dividend

Paramount Insurance recommends 5.0pc dividend

FE Online Report 2019-03-05 11:36:12

The board of directors of Paramount Insurance Company Limited has recommended 5.0 per cent stock dividend for the year ended on December 31, 2018. The final approval of dividend will come during the...

Runner to allocate 13.93m shares

Runner to allocate 13.93m shares

FE Report 2019-03-05 10:38:08

Runner Automobiles will allocate 13.93 million ordinary shares among the successful applicants as the company's IPO lottery draw was held on Monday. The initial public offering (IPO) lottery draw w...

Govt slaps tax on Facebook, YouTube ads

Govt slaps tax on Facebook, YouTube ads

-- 2019-03-05 09:30:58

The government has decided to collect 15 per cent value added tax (VAT) from the advertisements on internet platforms like Facebook and YouTube.    The authorities have not been collec...

Foreign fund in stocks keeps soaring on DSE

Foreign fund in stocks keeps soaring on DSE

Babul Barman 2019-03-05 09:11:31

Net foreign investments in Dhaka bourse soared more than 84 per cent month-on-month in February as overseas investors continued to put fresh funds after the national elections. Net foreign fund in st...

ADB lowers growth forecast to 7.5pc

ADB lowers growth forecast to 7.5pc

FE Report 2019-03-05 09:05:21

Bangladesh economy is likely to grow at a rate of 7.5 per cent in the ongoing fiscal year (FY), 2018-19, the Asian Development Bank (ADB) has projected afresh. The newly forecasted gross domestic pro...

'BD team to sit with defendants of reserve heist case'

'BD team to sit with defendants of reserve heist case'

-- 2019-03-04 20:27:07

A team of Bangladesh Bank officials and lawyers will sit with the Filipino defendants of a case over the central bank cyber-heist to recover the stolen funds. The delegation will depart for the Phili...

BSEC yet to release its annual report

BSEC yet to release its annual report

FE Online Report 2019-03-04 17:12:38

More than eight months after the end of fiscal year 2017-18 (FY18), country’s stock market regulator is yet to release its annual report. The latest annual report, available on the website of B...

DSXE dips below 5,700-mark as major sectors plunge

DSXE dips below 5,700-mark as major sectors plunge

FE Online Report 2019-03-04 17:04:34

The prime index of the Dhaka Stock Exchange (DSE) dipped below 5700-mark on Monday after two months as risk-averse investors sold shares on sector-wise shares. Market analysts said investors were mos...

24pc of total bank investments come from Islamic banks

24pc of total bank investments come from Islamic banks

FE Online Report 2019-03-04 16:15:12

Around 24 per cent of the total investments of the country’s banking sector come from the Islamic banks, according to the latest statistics of the central bank. It showed that total Investments...

Monno Ceramic’s share price keeps soaring sans PSI

Monno Ceramic’s share price keeps soaring sans PSI

FE Online Report 2019-03-04 13:17:59

The share price of Monno Ceramic Industries was soaring despite having no price sensitive information (PSI). The company's share price surged further by Tk 27.60 each or 6.67 per cent to close at Tk...

Stocks witness downturn after first hour of trading

Stocks witness downturn after first hour of trading

FE Online Report 2019-03-04 11:53:08

Stocks witnessed a downward trend after first hour of trading on Monday as cautious investors were selling shares on sector specific shares. Following the previous day’s marginal gain, the Dhak...

IPO subscription of Coppertech to open March 31

IPO subscription of Coppertech to open March 31

FE Report 2019-03-04 10:35:19

The public subscription of Coppertech Industries is set to begin on March 31, officials said. The company will raise a fund worth Tk 200 million through initial public offering (IPO) using the fixe...

Square Textiles posts 27pc revenue growth

Square Textiles posts 27pc revenue growth

Babul Barman 2019-03-04 10:24:34

Square Textiles has posted a 27 per cent growth in revenue year-on-year in 2017-18 due to increase of production capacity. At standalone level, the company's revenue stood at Tk 6,367.12 million in t...

Remittances rise by 10pc in eight months

Remittances rise by 10pc in eight months

FE Report 2019-03-04 09:41:59

The flow of remittances rose by nearly 10 per cent in the first eight months of the current fiscal year, despite significant falloff in February year-on-year, officials said. Bangladeshi nationals wo...

$100m WB loan to strengthen Public Financial Management

$100m WB loan to strengthen Public Financial Management

-- 2019-03-03 17:20:47

The World Bank has approved a $100 million credit for improving fiscal forecasting, and public budget preparation and execution. The Strengthening Public Financial Management (PFM) to Enable Service...

Stocks break two-day losing streak

Stocks break two-day losing streak

FE Online Report 2019-03-03 16:08:16

Stocks posted marginal gain on Sunday, the first day of this month, snapping a two-day losing streak, as some investors showed their buying appetite on sector-wise shares. Market analysts said invest...

Marico BD to invest Tk 294m in capacity expansion

Marico BD to invest Tk 294m in capacity expansion

FE Online Report 2019-03-03 12:51:16

The board of directors of Marico Bangladesh Limited has decided to invest Tk 294 million from the available funds of the company with an aim to increase the capacity at its factory locations at Moucha...

‘SEML FBLSL Growth Fund’ to make debut Monday

‘SEML FBLSL Growth Fund’ to make debut Monday

FE Online Report 2019-03-03 12:24:53

Trading of the units of ‘SEML FBLSL Growth Fund,’ a closed-end mutual fund, will commence at DSE from Monday (March 04) under ‘A’ category. The DSE trading code for the fund i...

Bourses open week with gains

Bourses open week with gains

FE Online Report 2019-03-03 11:37:19

Stocks witnessed a positive trend after first hour of trading on Sunday as some investors were seen showing their buying appetite on sector-wise shares. Following the previous week’s modest cor...

Wata Chemicals opens commercial operation of new unit

Wata Chemicals opens commercial operation of new unit

FE Report 2019-03-03 10:48:56

Wata Chemicals, a listed company, inaugurated the commercial operation of its new sulfuric acid unit (Unit-2) on Saturday to meet the growing demand of the products. Textiles and Jute Minister Golam...

Singer's operating profit soars 40pc in 2018

Singer's operating profit soars 40pc in 2018

FE Desk 2019-03-03 10:03:49

Singer Bangladesh Limited announced a 40 per cent increase in operating profit, whilst reporting its audited results for the year ended December 31, 2018. The company's turnover increased by 24 per c...

Weekly analysis: Stocks extend loss as bank issues slump

Weekly analysis: Stocks extend loss as bank issues slump

Babul Barman 2019-03-02 10:38:13

Stocks witnessed yet another bearish week that ended on Wednesday, extending the losing streak for the fifth straight week as investors continued their selling binge. The week saw four trading days i...

Weekly turnover chart: Bangladesh Submarine rules the roost

Weekly turnover chart: Bangladesh Submarine rules the roost

FE Report 2019-03-02 10:32:47

Bangladesh Submarine Cable Company Ltd (BSCCL) dominated the prime bourse's turnover chart while ten traded companies grabbed 35 per cent transaction last week. Market analysts said investors continu...

Govt employees may get 25pc pay raise

Govt employees may get 25pc pay raise

Jasim Uddin Haroon 2019-03-02 09:27:12

The government is considering raising pay and allowances of public servants by 25 per cent as part of "price adjustment," officials said. This includes an annual increment of 5.0 per cent. The fresh...

Singer BD recommends 30pc stock dividend

Singer BD recommends 30pc stock dividend

FE Online Report 2019-03-01 20:26:53

The board of directors of Singer Bangladesh Ltd has recommended 30 per cent stock dividend for the year ended on December 31, 2018. The final approval of the dividend will come during the annual gene...

Potentials of blue economy left untapped, no proper initiatives  

Potentials of blue economy left untapped, no proper initiatives  

-- 2019-03-01 18:29:21

Although 26 sectors have been identified to exploit the potentials of blue economy in the country, almost all the sectors remained untapped for lack of proper initiatives, says a UNB report.  S...

Insurance sector marks strong return on DSE

Insurance sector marks strong return on DSE

FE Report 2019-03-01 11:27:12

The insurance sector again dominated the top 10 gainers' chart of the Dhaka Stock Exchange (DSE) in the last week. Of the top 10 gainers, seven are insurance companies, which saw their share prices j...

LafargeHolcim declares 10pc cash dividend

LafargeHolcim declares 10pc cash dividend

FE Report 2019-03-01 11:21:28

The board of directors of LafargeHolcim Bangladesh has recommended 10 per cent cash dividend for the year ended on December 31, 2018. The final approval of dividend will come during its annual genera...

New Line Clothings IPO deadline now Mar 03

New Line Clothings IPO deadline now Mar 03

FE Report 2019-03-01 10:47:15

The subscription period for the initial public offering (IPO) of New Line Clothings Limited has been extended up to March 03. Earlier, the subscription deadline was February 28 (Thursday). The Dhaka...

Indo-Pak tension to cast shadow over BD economy, say analysts

Indo-Pak tension to cast shadow over BD economy, say analysts

Mir Mostafizur Rahaman 2019-03-01 09:54:14

A prolonged tension between India and Pakistan may cause uncertainty over the economies of Bangladesh and other south Asian countries, economists and experts say. "If the present situation escalates...