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The Financial Express

Search results for: Bangladesh

Net foreign fund at DSE sinks in April

Net foreign fund at DSE sinks in April

FE Online Report 2018-05-04 12:33:34

The net foreign investment in the Dhaka bourse turned negative in April, after a month's break, as the foreign fund managers followed a 'go-slow' strategy. The overseas investors collected shares wor...

BRAC Bank's Q1 post-tax profit grows by 9.0pc

BRAC Bank's Q1 post-tax profit grows by 9.0pc

FE Report 2018-05-04 12:26:21

BRAC Bank Managing Director and Chief Executive Officer Selim RF Hussain, Deputy Managing Director and Chief Financial Officer A K Joaddar and Head of Treasury and FI Md Shaheen Iqbal seen at the ba...

BSEC approves Chinese Consortium’s bid, finally

BSEC approves Chinese Consortium’s bid, finally

Mohammad Mufazzal 2018-05-04 10:26:40

The securities regulator has finally approved the proposal made by a Chinese consortium for being the strategic partner of Dhaka Stock Exchange (DSE). The approval came Thursday at a meeting held at...

ADB to continue support for BD, says its chief

ADB to continue support for BD, says its chief

S M Jahangir from Manila 2018-05-04 10:01:55

Asian Development Bank (ADB) President Takehiko Nakao has said the Bank will continue its support for Bangladesh for its future economic development. Also lauding Bangladesh's ongoing economic growth...

BB seeks Tk 6.0b to finance farm projects under EEF

BB seeks Tk 6.0b to finance farm projects under EEF

Syful Islam 2018-05-04 09:55:00

The Bangladesh Bank (BB) has sought an allocation of Tk 6.0 billion for its Equity and Entrepreneurship Fund (EEF) in the fiscal year of 2019 to finance agro-based projects, officials said. Presently...

BSEC clears China bourses’ bid to buy 25pc of DSE

BSEC clears China bourses’ bid to buy 25pc of DSE

-- 2018-05-03 20:39:52

Bangladesh Securities and Exchange Commission (BSEC) has approved a joint offer by China’s Shenzhen and Shanghai bourses to buy 25 per cent of Dhaka Stock Exchange (DSE). The SEC gave the appro...

Rising trend of inward remittance continues in April

Rising trend of inward remittance continues in April

FE Online Report 2018-05-03 18:58:50

The upward trend of inward remittances continued in April following stable exchange of local currency against the US dollar, officials said. The remittance inflow was estimated at $1.33 billion in Ap...

DSEX dips below 5,700-mark as bank, GP shares tumble

DSEX dips below 5,700-mark as bank, GP shares tumble

FE Online Report 2018-05-03 17:49:13

Stocks witnessed yet another bearish session on Thursday with the key index of the Dhaka Stock Exchange (DSE) dipping below 5,700-mark as investors went on selling spree, especially bank and telecom i...

DSEX dips below 5,700-mark on bearish trend

DSEX dips below 5,700-mark on bearish trend

FE Online Report 2018-05-03 15:48:48

Stocks witnessed yet another bearish session on Thursday with the key index of the Dhaka Stock Exchange (DSE) dipping below 5,700-mark as investors went on selling spree, especially bank and telecom i...

Eight more Insurance companies recommend dividends

Eight more Insurance companies recommend dividends

FE Online Report 2018-05-03 13:15:47

The boards of directors of eight more insurance companies have recommended dividends ranging from 10 per cent to 18 per cent for the year ended on December 31, 2017, said separate official disclosures...

Four more banks recommend dividends

Four more banks recommend dividends

FE Online Report 2018-05-03 12:03:39

The boards of directors of four more listed banks – City Bank, Rupali Bank, NCC Bank and National Bank – have recommended dividend for the year ended on December 31, 2017, according to sep...

Stocks inch down in topsy-turvy trading

Stocks inch down in topsy-turvy trading

FE Online Report 2018-05-03 11:32:52

Stocks on both bourse inched lower in early hour of trading Thursday as risk-averse investors are selling shares amid ongoing quarterly earnings and dividend declarations. Following the previous sess...

Reckitt Benckiser offers total 790pc cash dividend

Reckitt Benckiser offers total 790pc cash dividend

FE Online Report 2018-05-03 11:26:18

The board of directors of Reckitt Benckiser (BD) has recommended 515 per cent final cash dividend in addition to 275 per cent interim cash dividend which has already been paid. Thus full year divid...

BD receives $1.218b remittance in April

BD receives $1.218b remittance in April

-- 2018-05-02 20:39:15

The country received $1.218 billion as remittance from April 1 to 27 this year. In March, the total inward remittance was $1.299 billion. Bangladesh Bank officials said the data on remittance of thr...

Net FDI in textile sector crosses $400m

Net FDI in textile sector crosses $400m

FE Online Report 2018-05-02 20:14:26

Net inflow of the foreign direct investment (FDI) in the textile dector crossed $400 million in the past year, according to the latest statistics of the central bank. It showed that net FDI in the te...

Stock of FDI stands at $14.55b

Stock of FDI stands at $14.55b

FE Online Report 2018-05-02 20:03:00

Stock of the Foreign Direct Investment (FDI) in the country stood at $14.55 billion by the end of the past year. A statistics, released by the central bank last month, also showed that of the total s...

Bangladesh to enjoy benefit from fund launched by ADB, UK

Bangladesh to enjoy benefit from fund launched by ADB, UK

-- 2018-05-02 16:20:20

The Asian Development Bank (ADB) and the Government of the United Kingdom on Wednesday launched the Asia Regional Trade and Connectivity Fund (ARTCF) from which Bangladesh will be benefited. The fund...

UCB holds 35th AGM

UCB holds 35th AGM

FE Online Desk 2018-05-02 13:23:57

United Commercial Bank Limited (UCB) held its 35th Annual General Meeting recently at Kurmitola Golf Club, Dhaka. Rukhmila Zaman; Chairman of the Bank chaired the AGM which approved 10 per cent cas...

DSE submits revised proposal to BSEC

DSE submits revised proposal to BSEC

FE Report 2018-05-02 09:55:03

Dhaka Stock Exchange (DSE) formally submitted the revised proposal of Chinese consortium, a proposed strategic partner of the premier bourse, to Bangladesh Securities and Exchange Commission (BSEC) Mo...

Cut in corporate tax under consideration: Muhith

Cut in corporate tax under consideration: Muhith

FE Report 2018-05-02 09:50:41

Finance Minister AMA Muhith has dropped a hint about the reduction in corporate tax to some extent, but he did not mention how much relief will be given to the companies. "The reduction in corporat...

UK becomes top FDI source for BD: BB

UK becomes top FDI source for BD: BB

FE Online Report 2018-05-01 13:46:21

Bangladesh received highest Foreign Direct Investment (FDI) from the United Kingdom (UK) in the past year. Statistics released by Bangladesh Bank (BB) last month showed that net inflow of FDI from th...

DSE may get regulatory nod for stake sale next week

DSE may get regulatory nod for stake sale next week

-- 2018-05-01 13:39:25

The Dhaka Stock Exchange (DSE) expects to get regulatory approval for a 25 percent stake sale in the bourse to a Chinese consortium by next week, Managing Director K.A.M. Majedur Rahman said on Tuesda...

Nine more listed cos recommend dividends

Nine more listed cos recommend dividends

FE Report 2018-05-01 09:40:07

The board of directors of nine more listed companies, including three banks, have recommended dividend for the year ended on December 31, 2017. Of them, only three recommended higher dividends than t...

Five more insurance companies offer dividend

Five more insurance companies offer dividend

FE Online Report 2018-04-30 18:21:13

The board of directors of five more insurance companies has recommended dividend for the year ended on December 31, 2017, according to separate official disclosure on Monday. The five companies are I...

DSEX dips below 5,800-mark

DSEX dips below 5,800-mark

FE Online Report 2018-04-30 15:34:12

The prime index of the Dhaka Stock Exchange (DSE) fell below 5,800-mark once again as investors went on panic driven sell-off on major sectors. Market operators said the investors went on selling bin...

Mercantile Bank AGM approves 22pc dividend

Mercantile Bank AGM approves 22pc dividend

FE Online Desk 2018-04-30 14:42:05

The 19th Annual General Meeting of Mercantile Bank Limited was held at FARS Hotel & Resorts, Dhaka Monday, said a statement. A large number of shareholders of the Bank attended the AGM which appr...

Bata Shoe offers 335pc dividend

Bata Shoe offers 335pc dividend

FE Online Report 2018-04-30 12:42:26

The board of directors of Bata Shoe has recommended 105 per cent final cash dividend in addition to 230 per cent interim cash dividend declared earlier and paid in December 2017. Thus making a total...

Three more banks recommend dividend

Three more banks recommend dividend

FE Online Report 2018-04-30 12:32:57

The boards of directors of three more listed banks – Jamuna Bank, Trust Bank, and Dhaka Bank – have recommended dividend for the year ended on December 31, 2017, according to separate of...

Stocks fall amid govt holidays

Stocks fall amid govt holidays

FE Online Report 2018-04-30 11:43:21

The prices of most of the shares witnessed downward trend in early hour of trading Monday, amid the government holidays, as risk-averse investors are selling shares amid ongoing quarterly earnings. F...

Call money rate budges on excess liquidity

Call money rate budges on excess liquidity

Jasim Uddin Haroon 2018-04-30 09:49:13

The call money rate in the local money market took a dip to the lowest level in more than one year on Thursday, the last working day before the weekend, indicating the presence of excess liquidity in...