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The Financial Express

Search results for: Bangladesh

NBR sets all wings to combat money laundering

NBR sets all wings to combat money laundering

Doulot Akter Mala 2018-03-08 09:24:27

Watchdogs of all wings of the National Board of Revenue (NBR) are now set to sniff out money-laundering offences, as limited probe authority proved insufficient. Officials said the revenue board now...

Jute production witnessed 8.0pc rise in 2017

Jute production witnessed 8.0pc rise in 2017

-- 2018-03-07 21:46:08

Jute production witnessed 8 per cent increase in 2017 comparing previous year, said State Minister for Textiles and Jute Mirza Azam The state minister informed that farmers produced 9.2 million bales...

Moves underway to create 28,000 women entrepreneurs in next five yrs

Moves underway to create 28,000 women entrepreneurs in next five yrs

-- 2018-03-07 20:34:30

Over 28,000 new women entrepreneurs will be created across the country in the next five years in a bid to make them self-employed, according to an official document. The document on the Prime Ministe...

Bourses fall into red zone amid low turnover

Bourses fall into red zone amid low turnover

FE Online Report 2018-03-07 16:08:51

Stocks slipped into the red on Wednesday, after single-day break, as investors went on late hours selling binge on sector-wise stocks. Market operators said the market ended lower amid ambiguity ov...

Nitol Insurance recommends 14pc cash dividend

Nitol Insurance recommends 14pc cash dividend

FE Online Report 2018-03-07 11:37:17

Nitol Insurance Company has recommended 14 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday. The final approval of this dividend will come duri...

Stocks witness mostly higher in early trading

Stocks witness mostly higher in early trading

FE Online Report 2018-03-07 11:25:28

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Wednesday as some investors are active on sector-wise issues. Following the previous day’s posit...

July-Jan revenue shortfall Tk 148b

July-Jan revenue shortfall Tk 148b

Doulot Akter Mala 2018-03-07 09:33:18

Government's tax-revenue collection suffered about a Tk 148-billion shortfall until January of this fiscal year against its target mainly for slow-paced reform to expand the tax net, sources said....

NEC downsizes annual development programme fund

NEC downsizes annual development programme fund

-- 2018-03-06 21:30:12

The National Economic Council (NEC) has approved a Tk 1,576 billion Revised Annual Development Programme (RADP), including organisations' own funds, for the current fiscal year (FY18) downsizing the o...

ADP implementation rate rises, expenditure doubles in three years

ADP implementation rate rises, expenditure doubles in three years

-- 2018-03-06 18:47:50

The implementation rate of the Annual Development Programme (ADP) during the July-February period of the current fiscal (FY18) marked a slight rise compared to that of the corresponding period in the...

Kuwait bans visas only for domestic helps: Shahriar

Kuwait bans visas only for domestic helps: Shahriar

-- 2018-03-06 18:19:44

Kuwait’s ban on recruiting Bangladeshi has no impact on overall work visas as it is applicable only for house helps. State Minister for Foreign Affairs Shahriar Alam revealed the information on...

Stocks rebound after volatile trading

Stocks rebound after volatile trading

FE Online Report 2018-03-06 15:26:06

Stocks return to green on Tuesday, after single-day break, as some investors went on late hours buying spree on Grameenphone (GP). Market operators said the stocks rebounded after previous day&rsqu...

Edison Power, Hera Sweaters ink deal

Edison Power, Hera Sweaters ink deal

FE Online Desk 2018-03-06 13:16:46

An agreement signing ceremony between Edison Power Bangladesh Ltd (EPBL) and Hera Sweaters Limited (HSL) was held recently at Edison Group Head Office, Tejgaon Industrial Area for procurement of Bus B...

IFC proposes $40m investment in IDLC Finance

IFC proposes $40m investment in IDLC Finance

FE Online Desk 2018-03-06 12:37:04

The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed to provide up to $40 million in senior financing in IDLC Finance Ltd (IDLC), the largest non-b...

BATBC recommends 600pc dividend

BATBC recommends 600pc dividend

FE Online Report 2018-03-06 11:37:02

British American Tobacco Bangladesh Company (BATBC) has recommended 600 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Tuesday. The final approval of t...

Sluggish turnover dilutes govt earning from DSE

Sluggish turnover dilutes govt earning from DSE

Babul Barman 2018-03-06 10:12:55

The government revenue collection from the Dhaka Stock Exchange (DSE) marked a 35 per cent decline month-on-month in February in lockstep with falling turnover. The government bagged tax worth Tk 120...

Deposit rates in reverse course as liquidity problem deepens

Deposit rates in reverse course as liquidity problem deepens

Siddique Islam 2018-03-06 09:35:22

The interest rate on term deposits has reached double digit after about a couple of years as the banks are now out of comfort zone, as far as their liquidity position is concerned. The overall depo...

BEZA gets $17b investment commitment in 7 months

BEZA gets $17b investment commitment in 7 months

-- 2018-03-05 19:56:17

The Bangladesh Economic Zones Authority (BEZA) received investment commitment of $17 billion, including $8 billion as FDI, in last seven months. Executive Chairman of(BEZA) Paban Chowdhury came up wi...

Bangladesh, Vietnam to tap bilateral potentials for economy

Bangladesh, Vietnam to tap bilateral potentials for economy

-- 2018-03-05 18:38:00

Bangladesh and Vietnam agreed to explore the potentials of the geographical location, natural resources and prospective labour market of the two countries for mutual benefits.     Pres...

Thrust on stronger credit risk management

Thrust on stronger credit risk management

FE Online Report 2018-03-05 18:07:00

Experts have called for a stronger Credit Risk Management (CRM) aimed at reducing credit risks of the country's banking system by nearly 88 per cent. Moreover, an efficient risk management system c...

Kuwait imposes ban on recruiting Bangladeshi workers again

Kuwait imposes ban on recruiting Bangladeshi workers again

-- 2018-03-05 16:50:51

Kuwait has reinstated a ban on recruiting Bangladeshi workers following reports of some irregularities in recruitment and involvement in illegal activities. The northern Arabian Gulf state's Interior...

Stocks break four-day gaining streak

Stocks break four-day gaining streak

FE Online Report 2018-03-05 15:30:36

Stocks slipped into the red on Monday, snapping a four-day gaining streak, as investors preferred to book quick-gain on their investment over the recent price surge. Following the previous four day...

Share price of Savar Refractories soaring sans PSI

Share price of Savar Refractories soaring sans PSI

-- 2018-03-05 10:58:23

Share price of Savar Refractories is soaring without any price sensitive information (PSI). The company's price surged further by 8.17 per cent on Sunday. In the last five trading days, the Z-catego...

Banking system 'trails economic growth pace'

Banking system 'trails economic growth pace'

FE Report 2018-03-05 10:03:49

Bangladesh's banking system, especially the central bank, falls behind the country's growth, creating a mismatch, says an expert. "If you look at the major indicators of Bangladesh's economy, includi...

Chinese consortium agrees to go by binding BD rules

Chinese consortium agrees to go by binding BD rules

Mohammad Mufazzal 2018-03-05 09:38:05

The bid-winning Chinese consortium agreed to exclude and relax their conditions set to be strategic partner of Dhaka Stock Exchange (DSE), trying to address a few issues. Having received consent fr...

Case against RCBC by April this year

Case against RCBC by April this year

FE Report 2018-03-05 09:08:13

Finance Minister AMA Muhith unveiled Sunday a government plan to sue Rizal Commercial Banking Corporation (RCBC) of the Philippines by April to recover the reserves stolen through cyber-heist. He s...

Bangladesh to seek Vietnam investment in economic zones

Bangladesh to seek Vietnam investment in economic zones

-- 2018-03-04 21:55:33

Bangladesh will focus on attracting investments in its special economic zones during talks with Vietnam's businesspeople accompanying visiting Vietnamese President Tran Dai Quang. Vietnamese Presiden...

Stocks start week on positive note

Stocks start week on positive note

FE Online Report 2018-03-04 18:06:34

Stocks extended gaining spell for fourth straight sessions on Sunday in a row as a section of investors continued their buying appetite on sector-wise stocks. Brokers witnessed yet another positive s...

CAPM IBBL Islamic MF to make debut Monday

CAPM IBBL Islamic MF to make debut Monday

FE Online Report 2018-03-04 17:24:06

Trading of units of CAPM IBBL Islamic Mutual Fund, a closed-ended mutual fund will commence on Monday under “A” category, officials said. Public subscription of the CAPM IBBL Islamic Mutu...

Sales of VIPB Growth Fund unit to begin Mar 11

Sales of VIPB Growth Fund unit to begin Mar 11

FE Online Report 2018-03-04 15:06:56

The sales of the units of VIPB Growth Fund, an open-end mutual fund, will begin from March 11, aiming to raise Tk 180 million. The sales of units of the fund will continue for next 45 working days....

DSEX exceeds 5,900-mark in early trading

DSEX exceeds 5,900-mark in early trading

FE Online Report 2018-03-04 11:18:14

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading on Sunday as investors are active on sector-wise stocks. Following the previous week’s marginal...