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The Financial Express

Search results for: Bangladesh

Al-Arafah Bank approves 20pc dividend for 2017

Al-Arafah Bank approves 20pc dividend for 2017

FE Desk Report 2018-05-25 10:48:16

Al-Arafah Islami Bank Limited has approved 15 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017. The dividend was approved at the bank's 23rd annual general meetin...

Envoy Textiles witnesses steady revenue growth in last five years

Envoy Textiles witnesses steady revenue growth in last five years

Mohammad Mufazzal 2018-05-25 10:43:35

Envoy Textiles, a fashion denim manufacturer and exporter, witnessed a steady growth in revenue earnings during the last five years. The company, however, showed mixed performance in making profit an...

BSEC urges stakeholders' support to bring stability in capital market

BSEC urges stakeholders' support to bring stability in capital market

FE Report 2018-05-25 10:31:43

The securities regulator has urged the stakeholders to play a supportive role for bringing back stability in the capital market. Bangladesh Securities and Exchange Commission (BSEC), the regulator, m...

Stocks rebound from two-day losing streak

Stocks rebound from two-day losing streak

FE Online Report 2018-05-24 15:36:56

Stocks rebounded strongly on Thursday with core index of the Dhaka bourse soared 1.28 per cent, powered by investors’ buying spree on large-cap stocks. The market started on positive note and t...

Most energy cos report better earnings in Q3

Most energy cos report better earnings in Q3

FE Report 2018-05-24 11:07:20

Most of the listed companies under fuel and power sector reported increased earnings per share (EPS) for the January-March (Q3) quarter of 2018 compared to the same period of previous year. Out of...

Stocks end lower in penultimate trading day

Stocks end lower in penultimate trading day

FE Online Report 2018-05-23 15:32:05

Stocks ended marginally lower on Wednesday, the penultimate trading day of the week, as investors remained on selling binge, especially on banking stocks. Analysts said the ongoing pessimism kept i...

Dragon Sweater to issue rights share

Dragon Sweater to issue rights share

FE Online Report 2018-05-23 11:48:36

The board of directors of Dragon Sweater and Spinning Limited has decided to issue rights share for expansion of the company’s existing project. The rights issue is an offer of new shares by...

Stocks inch down at opening

Stocks inch down at opening

FE Online Report 2018-05-23 11:38:53

The prices of most of the shares on both bourses witnessed downturn in early hour of trading on Wednesday as investors remained cautious amid ongoing bearish trend. Following the previous day&rsquo...

BB okays manual for issuing new treasury bond

BB okays manual for issuing new treasury bond

FE Report 2018-05-23 10:09:34

The central bank has approved a manual for the floating rate treasury bond (FRTB), paving the way for issuing such a debt instrument in the country. The government had earlier decided to issue such...

ECNEC nods primary education development project, 15 others

ECNEC nods primary education development project, 15 others

-- 2018-05-22 17:05:44

A Tk 383.97 billion primary education project was approved on Tuesday in a bid to strengthen the country’s primary education system. The approval came at the weekly meeting of Executive Committ...

Ecnec okays revised Padma Bridge Rail Link Project

Ecnec okays revised Padma Bridge Rail Link Project

-- 2018-05-22 16:16:37

The Executive Committee of the National Economic Council (Ecnec)has approved the Padma Bridge Rail Link Project (first revised) involving Tk 392.46 billion. It also cleared 15 other projects, includi...

Stocks slip back into the red

Stocks slip back into the red

FE Online Report 2018-05-22 15:06:25

Stocks returned to the red territory Tuesday, after a single-session break, as investors mostly refrained from injecting fresh funds into the market. Analysts said the ongoing pessimism coupled with...

Stocks witness negative trend at opening

Stocks witness negative trend at opening

FE Online Report 2018-05-22 11:35:53

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed negative trend in early hour of trading on Tuesday as investors remained followed cautious stance. Following the pre...

Berger Paints recommends 300pc dividend

Berger Paints recommends 300pc dividend

FE Online Report 2018-05-22 10:53:02

The board of directors of Berger Paints Bangladesh Limited has recommended 200 per cent cash and 100 per cent stock dividend for the year ended on March 31, 2018, said an official disclosure on Tuesda...

Share price of  Queen South Textile, Legacy Footwear soaring sans PSI

Share price of Queen South Textile, Legacy Footwear soaring sans PSI

FE Report 2018-05-22 10:41:24

The share prices of two companies -- Queen South Textile and Legacy Footwear -- are soaring without any price sensitive information (PSI). Within four trading sessions, the share price of Queen South...

Subscription hits 9-time high, lottery on May 30

Subscription hits 9-time high, lottery on May 30

FE Report 2018-05-22 10:36:29

Bashundhara Paper Mills, a concern of Bashundhara Group, will hold IPO lottery on May 30 to allocate shares among the successful general applicants. The company's initial public offering (IPO) hit...

PC to revise DPP for curbing misuse of taxpayers' money

PC to revise DPP for curbing misuse of taxpayers' money

FHM Humayan Kabir 2018-05-22 10:33:30

The Planning Commission (PC) is set to revise the existing Development Project Proposal (DPP) format in a bid to check fraud and misappropriation of public funds, officials said Monday. They said the...

IFC offers $40m loan to lower middle-income group

IFC offers $40m loan to lower middle-income group

Rezaul Karim 2018-05-22 10:26:19

The International Finance Corporation (IFC) has proposed investing up to US$ 40 million in a state-run financial entity in the form of loans to the lower middle-income people in Bangladesh, officials...

Call to remove VAT on insurance agent commission

Call to remove VAT on insurance agent commission

-- 2018-05-21 18:17:23

Bangladesh Insurance Association (BIA) has demanded withdrawal of VAT on commissions of insurance agents in the next budget for the expansion of insurance industry. "There is 15 per cent VAT at sour...

Stocks break 13-day losing streak

Stocks break 13-day losing streak

FE Online Report 2018-05-21 15:28:21

Stocks bounced back Monday, snapping the 13-session losing spell, as some optimistic investors took position on sector-wise stocks, taking the advantage of lucrative prices level. Dealers said the ma...

Stocks bounce back at midday

Stocks bounce back at midday

FE Online Report 2018-05-21 12:33:51

Stocks turned around at midday on Monday as optimistic investors are taking position on sector-wise stocks, taking the advantage of low prices of available lucrative stocks. Following the previous 13...

Queen South Textile’s share price soaring sans PSI

Queen South Textile’s share price soaring sans PSI

FE Online Report 2018-05-21 12:21:41

Share price of Queen South Textile Ltd is soaring without any price sensitive information (PSI) as the company’s price surged further by 2.78 per cent Sunday. Within four trading sessions, the...

Stocks meander at opening

Stocks meander at opening

FE Online Report 2018-05-21 11:38:08

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed volatility in early hour of trading on Monday as investors are active both sides of trading fence. Following the previ...

GRI signs deal with DSE to help improve cos' reporting standard

GRI signs deal with DSE to help improve cos' reporting standard

FE Report 2018-05-21 11:29:35

GRI (Global Reporting Initiative), Netherlands, has signed a memorandum of understanding (MoU) with Dhaka Stock Exchange (DSE) to provide training to local stakeholders so that listed companies foll...

Eastern Cables now in 'Z' category

Eastern Cables now in 'Z' category

FE Report 2018-05-21 11:22:34

Eastern Cables Limited has been placed to 'Z' category from existing 'A' category with effect from today (Monday) as the company failed to hold annual general meeting (AGM) in scheduled time. Dhaka...

Bay Leasing approves 15pc div

Bay Leasing approves 15pc div

FE Report 2018-05-21 11:06:01

Bay Leasing & Investment Limited has approved 10 per cent cash and 5 per cent stock dividend for the year ended December 31, 2017, according to a statement. The announcement came at the company's...

Ten top-traded cos clinch 28pc turnover

Ten top-traded cos clinch 28pc turnover

FE Report 2018-05-21 10:32:31

Ten top-traded companies captured more than 28 per cent transactions on the Dhaka Stock Exchange (DSE) Sunday while the newly-listed Intraco Refuelling Station topping the list for the second straig...

Nonprofits trim operations, facing funding headwinds

Nonprofits trim operations, facing funding headwinds

A.Z.M. Anas 2018-05-21 10:13:17

Stories of Bangladesh's growth and prosperity have swayed the donor community to commit less aid for legions of non-governmental organisations (NGOs) in the country, forcing the nonprofits to trim ope...

BB probing 'misreporting' of forex rate

BB probing 'misreporting' of forex rate

Siddique Islam 2018-05-21 09:38:38

The central bank has started carrying out a special inspection to detect irregularities relating to foreign exchange reporting by the commercial banks, officials said. Three inspection teams of Bangl...

BD's tax gap is 7.5pc of GDP: UNESCAP

BD's tax gap is 7.5pc of GDP: UNESCAP

FE Online Report 2018-05-20 15:53:01

Tax gap in Bangladesh is estimated at 7.5 per cent of the country’s Gross Domestic Product (GDP) – which is one of the highest in Asia and the Pacific Region. Tax gap is the estimated dif...