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The Financial Express

Search results for: Bangladesh

Weekly analysis: Stocks keep marching higher

Weekly analysis: Stocks keep marching higher

Babul Barman 2019-01-12 10:40:24

Stocks witnessed yet another bullish week that ended on Thursday, as enthusiastic investors continued to pour money into stocks amid improved market sentiment. On a week-on-week basis, DSEX, the prim...

Runner Automobile IPO opens Jan 31

Runner Automobile IPO opens Jan 31

FE Report 2019-01-12 10:37:32

The initial public offering (IPO) of Runner Automo-biles will open for subscription on January 31, seeking to raise Tk 1.0 billion from the capital market under the book-building method. The last dat...

Savings tools buying to come under govt scanners

Savings tools buying to come under govt scanners

Jasim Uddin Haroon 2019-01-12 09:29:36

The government is set to create a database of buyers of government-sponsored savings instruments. The objective behind the creation of database is to see whether the savings opportunity is abused by...

17 companies end up in 'Z' category in two years

17 companies end up in 'Z' category in two years

Mohammad Mufazzal 2019-01-11 10:38:11

A total of 17 listed companies were downgraded to 'Z' category, meant for worst-performing enterprises, in the last two years. They were downgraded from the best- and medium-performing categories for...

JMI Syringes tops DSE turnover chart

JMI Syringes tops DSE turnover chart

FE Report 2019-01-11 10:35:40

The ten most traded companies grabbed 20 per cent of the transactions on the Dhaka bourse on Thursday, with JMI Syringes & Medical Devices leading the turnover chart. Market insiders said the inv...

No more rise in NPLs from now on: Kamal

No more rise in NPLs from now on: Kamal

FE Report 2019-01-11 10:11:03

Finance Minister AHM Mustafa Kamal said on Thursday non-performing loan (NPL) will not grow by even a single penny from today, rather it will reduce. He, however, said he would not go for action agai...

Bourses end flat after bumpy ride

Bourses end flat after bumpy ride

FE Online Report 2019-01-10 15:32:55

Stocks ended almost flat Thursday after volatile trading as investors were active both sides of trading fence. Market analysts said risk-averse investors booked quick-profit on stocks which saw sharp...

DSEX crosses 5,800-mark in early trading

DSEX crosses 5,800-mark in early trading

FE Online Report 2019-01-10 11:14:22

Stocks witnessed upward trend in early hour of trading on Thursday as some investors continued their buying spree on sector-wise issues. Following the previous day’s rise, the Dhaka Stock Excha...

BB heist: Manila court jails ex-banker

BB heist: Manila court jails ex-banker

-- 2019-01-10 10:52:22

A Philippine court on Thursday held a former bank manager guilty on eight counts of money laundering, the first conviction in one of the world’s largest cyber heists, in which $81 million was st...

WB revises GDP growth forecast to 7.0pc

WB revises GDP growth forecast to 7.0pc

FE Report 2019-01-10 09:59:27

The World Bank (WB) has projected a 7.0 per cent economic growth for Bangladesh in fiscal year (FY) 2018-19. The WB has also forecast a 6.8 per cent GDP (gross domestic product) growth for the countr...

BB report suggests better watch, risk management

BB report suggests better watch, risk management

Siddique Islam 2019-01-10 09:55:04

The central bank has emphasised improving financial intermediation efficiency by reducing the amount of classified loans in the banking system through better supervision and risk management. "&hellip...

Stocks keep gaining on buying spree

Stocks keep gaining on buying spree

FE Online Report 2019-01-09 15:26:58

Stocks maintained the gaining streak Wednesday as investors continued to show their buying spree on sector-wise issues. The market opened on upward trend and key index crossed the 5,800-mark twice in...

BBS Cables to increase 37pc production capacity

BBS Cables to increase 37pc production capacity

FE Online Report 2019-01-09 11:46:29

BBS Cables Ltd has planned to increase 37 per cent production capacity as it imported capital machineries by utilizing IPO proceeds. The cable manufacturer raised Tk 200 million from the public by is...

Stocks open higher as bullish trend continues

Stocks open higher as bullish trend continues

FE Online Report 2019-01-09 11:40:00

The prices of most of the shares witnessed upward trend in early hour of trading on Wednesday as investors are active on sector-wise issues amid growing confidence. Market analysts said the investors...

BSEC approves CAPIEC Unit Fund prospectus

BSEC approves CAPIEC Unit Fund prospectus

FE Report 2019-01-09 11:02:01

The securities regulator has approved the draft prospectus of CAPIEC Popular Life P.F. Unit Fund. The approval came Tuesday at a meeting held at the office of the Bangladesh Securities and Exchange C...

Mongla EPZ exports rise sixteen-fold in 10 years

Mongla EPZ exports rise sixteen-fold in 10 years

-- 2019-01-08 17:37:26

The exports from Mongla Export Processing Zone (EPZ) increased 16 times in the past 10 years. Investments also witnessed an eleven-fold rise, while about 4,500 people make a living in the zone. &ldq...

Govt to sign deal with WB to create quality jobs

Govt to sign deal with WB to create quality jobs

-- 2019-01-08 17:14:10

The World Bank will provide $250 million to support Bangladesh in strengthening its capacity to create more and better jobs for citizens, including women, youth and the vulnerable population. An offi...

DSEX exceeds 5700-mark after eight months

DSEX exceeds 5700-mark after eight months

FE Online Report 2019-01-08 16:31:16

The prime index of the major bourse crossed the 5,700-mark after eight months as investors took fresh stakes on stocks amid optimism. Market analysts said spontaneous participation backed by hopes an...

Dhaka bourse sees sharp rise in early trading

Dhaka bourse sees sharp rise in early trading

FE Online Report 2019-01-08 13:03:38

The Dhaka bourse witnessed another sharp rise in the early trading on Tuesday as majority number of securities went green after a moderate correction observed on previous session. The Dhaka Stock Exc...

Western Marine obtains UAE orders for two oil tankers

Western Marine obtains UAE orders for two oil tankers

Our Correspondent 2019-01-08 10:17:29

The Western Marine Shipyard Ltd has secured orders for building two oil tankers for Al Rashid Shipping Ltd, a UAE-based shipping company. The oil tankers will have 6500 DWT (dead weight tonnage) carry...

BoP deficit rises to $837m in July-Nov

BoP deficit rises to $837m in July-Nov

FE Report 2019-01-08 09:59:13

Bangladesh's overall balance of payment (BoP) recorded US$ 837 million deficit during the July-November period of this fiscal year (FY), 2018-19, over the corresponding period of the previous fiscal...

New finance minister sounds tough on loan defaulters

New finance minister sounds tough on loan defaulters

FE Report 2019-01-08 09:48:24

Newly-appointed Finance Minister AHM Mustafa Kamal asked the bankers on Monday to go tough on delinquent borrowers to help lower the size of non-performing loans (NPL). He told them to bring down the...

Wages may rise by 10pc in 2019: Survey

Wages may rise by 10pc in 2019: Survey

-- 2019-01-07 18:19:54

Companies may increase wages in Bangladesh by 10 percent in 2019, according to a survey by Mercer. The global consulting firm’s 2018 Bangladesh Total Remuneration Survey suggests the rise in sa...

BD economy world’s 41st largest: Study

BD economy world’s 41st largest: Study

FE Online Desk 2019-01-07 13:35:37

Bangladesh is the 41st largest economy in the world in 2019, according to a UK-based think tank. It is up by twp steps from last year, when the country was ranked 43rd largest economy, the Centr...

DSE witnesses mild correction in early trading

DSE witnesses mild correction in early trading

FE Online Report 2019-01-07 12:16:20

The Dhaka bourse witnessed moderate correction in Monday’s early session following mixed performance of the major sectors. DSEX, the broad index of Dhaka Stock Exchange (DSE), declined marginal...

Move on for cost-free remittance by expats

Move on for cost-free remittance by expats

FE Report 2019-01-07 09:33:13

A move is under way to facilitate sending of money back home free of cost by the Bangladeshi migrant workers. The Ministry of Finance (MoF) has prepared a concept paper on the issue. The government,...

'Bangladesh economy to enjoy happiest year in 2019'

'Bangladesh economy to enjoy happiest year in 2019'

-- 2019-01-06 21:49:58

The Global Economist Forum (GEF) has said the Bangladesh economy will enjoy one of the happiest years in 2019 in respect to economic freedom, which will help achieve above 7.5 per cent GDP growth. GE...

'Finance ministry to begin journey with new dimension'

'Finance ministry to begin journey with new dimension'

-- 2019-01-06 20:26:20

Planning Minister AHM Mustafa Kamal, who is going to take the charge of finance ministry, has said the Ministry of Finance would begin its journey from Monday with a new dimension. Mustafa Kamal also...

Sinobangla moves to raise production capacity

Sinobangla moves to raise production capacity

FE Report 2019-01-06 14:42:22

Sinobangla Industries has taken a initiative to enhance its production capacity by about 150 tonnes per month. Two floors of the factory will also be upgraded to have clean room facilities. The tota...

DSE sees sharp rise in early trading

DSE sees sharp rise in early trading

FE Online Report 2019-01-06 12:12:11

The Dhaka Stock Exchange (DSE) witnessed a sharp rise in the early trading on Sunday as most of the listed securities went green. The market opened on a positive note as DSEX, the key index of countr...