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The Financial Express

Search results for: Bangladesh

Govt to invest Tk 9.26b to ensure food, nutrition security for rural people

Govt to invest Tk 9.26b to ensure food, nutrition security for rural people

-- 2018-08-05 19:44:11

The government along with the assistance from the International Fund for Agricultural Development (IFAD) will invest Tk 9.26 billion (Tk 926.50 crore) or US$ 109.85 million to increase income and food...

Profit booking pull stocks down

Profit booking pull stocks down

FE Online Report 2018-08-05 18:01:01

Stocks finished lower Sunday, breaking a three-day winning streak, as risk-averse investors chose to book quick gain on sector-wise stocks. Market insiders said the retail investors went for booking...

BB reports 18pc increase in remittance in July

BB reports 18pc increase in remittance in July

-- 2018-08-05 15:41:07

Bangladeshi expatriates sent home US $1,316.93 million remittance in the first month of the current fiscal 2018-19, which is 18 per cent higher than the amount received in the corresponding period of...

IPO subscription of two companies this month

IPO subscription of two companies this month

FE Report 2018-08-05 12:36:29

The public subscription of Indo-Bangla Pharmaceuticals Ltd and Kattali Textile Ltd will open on August 09 and August 28 respectively, officials said. Indo-Bangla Pharma: The initial public offering (...

Aman Cotton Fibrous makes trading debut tomorrow

Aman Cotton Fibrous makes trading debut tomorrow

FE Report 2018-08-05 11:11:14

Aman Cotton Fibrous Ltd makes its share trading debut on stock exchanges tomorrow (Monday) under "N" category, officials said. The company floated a total of 20.83 million ordinary shares and raised...

Most MNCs register increased EPS in H1

Most MNCs register increased EPS in H1

FE Report 2018-08-05 10:17:53

The earnings of most of the multinational companies (MNCs) listed with the country's capital market increased during the first half (H1) of this year as compared to the same period of previous year....

Most NBFIs witness fall in H1 EPS

Most NBFIs witness fall in H1 EPS

Babul Barman 2018-08-04 10:46:52

The earnings of most of the non-bank financial institutions (NBFIs) plummeted in the first half (H1) of the current calendar year compared to the same period a year ago. According to the un-audited f...

Stocks break losing streak on appetite for banks

Stocks break losing streak on appetite for banks

FE Report 2018-08-04 10:43:54

Stocks rebounded last week that ended on Thursday, snapping a five-week losing streak, as investors showed their buying appetite for financial stocks. Market operators said the market closed higher...

No visible progress in offloading SoEs’ shares

No visible progress in offloading SoEs’ shares

Rezaul Karim 2018-08-04 10:40:06

Offloading of shares of multiple state-owned enterprises (SoEs) still lies in limbo mainly due to procedural complexities, sources said. Finance Minister AMA Muhith at a review meeting in August 20...

Top ten cos grab 25pc transaction

Top ten cos grab 25pc transaction

FE Report 2018-08-03 10:31:30

United Power Generation & Distribution Company Limited dominated the Dhaka bourse's transaction chart while top ten traded firms captured about 25 per cent of the turnover value on Thursday. Brok...

Govt earnings from DSE fall 11pc in July

Govt earnings from DSE fall 11pc in July

FE Report 2018-08-03 10:28:28

The government's revenue earnings from the Dhaka bourse fell 11 per cent year-on-year in July this year on the back of falling trade volume and value. Market insiders said the bearish market trend...

Internal audit dept to help recover loan: Study

Internal audit dept to help recover loan: Study

FE Report 2018-08-03 10:20:24

Each bank has to establish a separate internal audit (IA) department, which will speed up the recovery of loan though legal measure, according to a study. The study, conducted by Bangladesh Institute...

Interest rate drops to single digit from Aug 9: Muhith

Interest rate drops to single digit from Aug 9: Muhith

-- 2018-08-02 20:42:05

Finance Minister AMA Muhith has said the interest rate in the banking sector will come down to single digit from August 9. “The new initiative of the 6.0 per cent deposit rate and 9.0 per cent...

Investment proposals witness 11.89pc rise in FY18

Investment proposals witness 11.89pc rise in FY18

-- 2018-08-02 18:56:46

The investment proposals from both local and foreign entrepreneurs increased by 11.89 per cent in the fiscal year 2017-18 (FY18). In FY18, Bangladesh Investment Development Authority (BIDA) received...

Stocks extend recovery rally

Stocks extend recovery rally

FE Online Report 2018-08-02 15:29:35

Stocks witnessed yet another bullish session on Thursday, extending the recovery rally for the third straight day, as investors continued their buying appetite on sector-wise stocks. Analysts said...

ADB provides $500m loan for 800MW power plant

ADB provides $500m loan for 800MW power plant

FE Online Report 2018-08-02 14:37:31

The Asian Development Bank (ADB) has provided US$500 million loan to develop a state-of-the-art 800-megawatt (MW) power plant in Khulna. The fund will also be used for power transmission facilities...

City Bank declares H1 financial performance

City Bank declares H1 financial performance

FE Report 2018-08-02 13:17:37

City Bank recently presented its half yearly financial performance for the year 2018 through an 'Earnings Disclosure' webcast event held at the bank's head office, according to a statement. Existing...

ICB AMCL declares dividends on open-end MFs

ICB AMCL declares dividends on open-end MFs

FE Report 2018-08-02 13:10:33

The Trustee Committee of the five open-end mutual funds managed by ICB Asset Management Company Limited (AMCL) approved dividends for the fiscal year 2017-18. The unit holders, whose names appeared...

BSEC fines directors of two companies

BSEC fines directors of two companies

FE Report 2018-08-02 13:05:50

The securities market regulator on Wednesday fined the directors of Delta Spinners and Bengal Fine Ceramics Tk 0.10 million each for breaching the securities rules. The capital market regulator imp...

Top 10 cos grab 26pc of DSE turnover

Top 10 cos grab 26pc of DSE turnover

FE Report 2018-08-02 13:02:36

Top 10 traded companies captured more than 26 per cent transaction of the Dhaka bourse on Wednesday while BBS Cables dominating the chart. According to statistics available with the DSE, about 2.97...

Net foreign fund drops further at Dhaka bourse

Net foreign fund drops further at Dhaka bourse

FE Report 2018-08-02 12:54:57

The net foreign fund in the Dhaka Stock Exchange (DSE) remained negative in July, the fourth straight month, as the foreign investors remained reluctant to put fresh stakes. Analysts said overseas...

BRAC Bank registers 13pc profit growth in H1

BRAC Bank registers 13pc profit growth in H1

FE Report 2018-08-02 11:24:29

BRAC Bank Limited recorded a growth of 13 per cent on consolidated profit after tax year-on-year (YoY) during the first half (January-June) of 2018, according to a statement. The bank reported a cons...

BIDA gets 11.89pc higher investment bids in FY 18

BIDA gets 11.89pc higher investment bids in FY 18

FE Report 2018-08-02 10:09:48

The amount involving the investment proposals with Bangladesh Investment Development Authority (BIDA) has increased by around 11.89 per cent during the last fiscal year (FY), 2017-18, according to its...

WB loans get costlier, its terms too

WB loans get costlier, its terms too

FHM Humayan Kabir 2018-08-02 09:27:39

Bangladesh will no longer eligible for concessional loan from the World Bank as it has started lending at 2.0 per cent rate. The Washington lender has made the higher rate effective from last month i...

Stocks end higher on buying spree

Stocks end higher on buying spree

FE Online Report 2018-08-01 16:13:47

Stocks ended higher for the two consecutive sessions on Wednesday as investors continued their buying appetite on sector-wise stocks. Market insiders said investors’ enthusiasm sustained as loc...

Malaysia eyes Myanmar labourers as alternative to Bangladeshis

Malaysia eyes Myanmar labourers as alternative to Bangladeshis

-- 2018-08-01 13:52:22

Malaysian factories are hiring Myanmar labourers directly, without charging them broker fees, because of a labour shortage, according to the Myanmar Overseas Employment Agencies Federation. “Em...

ICSB workshop on new Corporate Governance Code

ICSB workshop on new Corporate Governance Code

FE Online Desk 2018-08-01 13:51:07

Institute of Chartered Secretaries of Bangladesh (ICSB) organised a workshop on Tuesday on the new ‘Corporate Governance Code’ and ‘Financial Reporting and Disclosures’notifica...

City Bank declares half yearly financial performance

City Bank declares half yearly financial performance

FE Online Desk 2018-08-01 13:34:51

City Bank recently presented its half yearly financial performance for the year 2018 through an 'Earnings Disclosure' webcast event held at the Bank's head office. Existing and potential investors ac...

Sunlife Insurance recommends 2.0pc stock dividend

Sunlife Insurance recommends 2.0pc stock dividend

FE Online Report 2018-08-01 11:34:59

The board of directors of Sunlife Insurance Company has recommended only 2.0 per cent stock dividend for the year ended on 31 December 2017. The final approval will come during the annual general mee...

Bourses open optimistic after MPS

Bourses open optimistic after MPS

FE Online Report 2018-08-01 11:28:42

Stocks witnessed upward trend in early hour of trading on Wednesday as investors are showing buying appetite on sector-wise stocks after announcement of monetary policy. Bangladesh Bank on Tuesday...