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The Financial Express

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Dollar dips as virus recovery optimism holds

Dollar dips as virus recovery optimism holds

-- 2020-05-26 10:57:52

The dollar inched lower on Tuesday as growing optimism about a global recovery from the coronavirus (COVID-19) pandemic supported riskier currencies, though concerns about Sino-US tensions held furthe...

Pandemic robs stock investors’ Eid festivity

Pandemic robs stock investors’ Eid festivity

FE ONLINE REPORT 2020-05-25 11:03:19

Kamrul Hossain, a stock investor who lives at Gopibagh in Dhaka, celebrated Eid-ul-Fitr in 2019 with an enthusiastic and festive mood with his family. He bought new dresses for all six members of the...

Tradings on bourses resume May 31 after 66-day

Tradings on bourses resume May 31 after 66-day

FE Online Report 2020-05-24 18:13:35

Tradings on both the stock exchanges are set to resume from May 31, after a 66-day break, due to Covid-19 pandemic. Trading and settlement activities will resume on the day even if the countrywide ge...

BAPLC greets new chairman of BSEC

BAPLC greets new chairman of BSEC

FE Online Report 2020-05-24 17:07:47

Bangladesh Association of Publicly Listed Companies (BAPLC) leaders greeted Professor Shibli Rubayat Ul Islam on assuming his office as the chairman of Bangladesh Securities and Exchange Commission (B...

RAK Ceramic's net profit drops 18pc in Q1

RAK Ceramic's net profit drops 18pc in Q1

FE Report 2020-05-23 10:16:40

The net profit of RAK Ceramics (Bangladesh) fell more than 18 per cent year-on-year in the first quarter (Q1) for January-March, 2020 due to lower sales amid ongoing pandemic. The board of director...

Kohinoor, Orion Pharma, Orion Infusion disclose Q3 earnings

Kohinoor, Orion Pharma, Orion Infusion disclose Q3 earnings

FE Report 2020-05-23 10:11:35

Three more pharma & chemicals sector companies - Kohinoor Chemical, Orion Pharma and Orion Infusion- disclosed their third quarter (Q3) earnings for January-March, 2020 period. The companies' ear...

Linde Bangladesh's profit up 11pc in first quarter

Linde Bangladesh's profit up 11pc in first quarter

FE Report 2020-05-23 10:07:53

Linde Bangladesh's net profit rose nearly 11 per cent year-on-year in the first quarter (Q1) for January-March, 2020 driven by higher income. However, the company's net operating cash flow per share...

'Long-term financing should be ensured through capital mkt'

'Long-term financing should be ensured through capital mkt'

Mohammad Mufazzal 2020-05-22 10:28:26

The country's capital market has considerable opportunities to overcome the impacts of the COVID-19. In that case, potential policy measures will have to be adopted to increase investors' participati...

NCC Bank's EPS jumps 110pc in Q1

NCC Bank's EPS jumps 110pc in Q1

FE Report 2020-05-22 10:04:20

National Credit and Commerce Bank's consolidated earnings per share jumped 110 per cent year-on-year in the first quarter (Q1) for January-March, 2020 despite ongoing Covid-19 pandemic. The board of...

IPO subscription of Express Insurance delayed further

IPO subscription of Express Insurance delayed further

FE Report 2020-05-21 10:35:45

The public subscription for Express Insurance shares has been delayed further as the stock market remained shut in line with the government holidays. The government has extended the ongoing shutdow...

Two DU professors join BSEC as commissioners

Two DU professors join BSEC as commissioners

FE Report 2020-05-21 10:31:04

The government has appointed two commissioners at the securities regulator to make the commission functional removing the quorum crisis. The ministry of finance (MoF) confirmed their appointment fo...

Fujifilm shares fall after report Avigan not showing clear efficacy

Fujifilm shares fall after report Avigan not showing clear efficacy

Reuters 2020-05-20 12:02:13

Shares of Fujifilm Holdings Corp fell on Wednesday after Kyodo news reported that so far there has been no clear evidence of efficacy for its drug Avigan in treating the novel coronavirus in some clin...

Asian stocks adrift as vaccine rally falters

Asian stocks adrift as vaccine rally falters

REUTERS 2020-05-20 11:18:20

Asian stocks struggled to extend the week’s rally on Wednesday and gold and bonds firmed as a sceptical press report dented some hopes for a COVID-19 vaccine and concerns about bumps in the glob...

Thrust on new products to minimise investor risks

Thrust on new products to minimise investor risks

FE Report 2020-05-20 10:14:51

The securities regulator will work to restore investors' confidence along with building a strong base of the capital market. Besides, the Bangladesh Securities and Exchange Commission (BSEC) will mai...

Yields on securities rise ahead of Eid

Yields on securities rise ahead of Eid

SIDDIQUE ISLAM 2020-05-20 10:06:38

Yields on the government approved securities increased slightly on Tuesday, as the banks were reluctant to invest their funds in the instruments ahead of the Eid-ul-Fitr. The cut-off yield, general...

CSE team calls on new chairman of BSEC

CSE team calls on new chairman of BSEC

FE Online Desk 2020-05-19 15:11:20

A delegation of Chittagong Stock Exchange (CSE) made a courtesy call on Prof. Shibly Rubaiyatul Islam, the newly-appointed chairman of Bangladesh Securities and Exchange Commission (BSEC) on Monday. M...

Nasdaq to tighten listing rules, restricting Chinese IPOs

Nasdaq to tighten listing rules, restricting Chinese IPOs

REUTERS 2020-05-19 14:35:42

America’s Nasdaq is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it harder for some Chinese companies to debut on its stock exchange, people familiar...

Robi seeks regulatory support to expedite its IPO process

Robi seeks regulatory support to expedite its IPO process

FE REPORT 2020-05-19 12:20:05

Robi, country's second largest mobile operator, has sought the regulatory support to expedite the completion of process of the company's IPO (initial public offering) proposal. Mahtab Uddin Ahmed, th...

IDLC Finance's net profit slumps 43pc in Q1

IDLC Finance's net profit slumps 43pc in Q1

FE REPORT 2020-05-18 10:34:26

IDLC Finance's net profit dipped more than 43 per cent year-on-year in the first quarter for January-March, 2020 amid bearish stock market and Covid-19 pandemic. The consolidated financial statements...

Virus pandemic threatens to pulverise cement sector

Virus pandemic threatens to pulverise cement sector

FE REPORT 2020-05-18 10:24:23

The current demand for cement declines drastically as the country-wide constructions, including that of mega projects, have almost come to a halt following the prolonged lockdown enforced to flatten...

Prof Shibli named SEC chairman

Prof Shibli named SEC chairman

-- 2020-05-17 18:57:12

The government has appointed Professor Shibli Rubayat Ul Islam, who teaches banking and insurance at Dhaka University, as the chairman of Bangladesh Securities and Exchange Commission, reports bdnews2...

Prime Bank to pay 13.50pc cash dividend

Prime Bank to pay 13.50pc cash dividend

FE Report 2020-05-16 09:51:11

The board of directors of Prime Bank Ltd has recommended 13.50 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a meeting held through digital pla...

Prime Bank recommends 13.50pc cash dividend

Prime Bank recommends 13.50pc cash dividend

FE Online Report 2020-05-15 20:43:43

The board of directors of Prime Bank Ltd has recommended 13.50 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a meeting held through digital pla...

Stock market to remain shut until May 30

Stock market to remain shut until May 30

FE Report 2020-05-15 09:28:30

The country's two bourses will remain closed until May 30 as the government further extended the ongoing holidays to flatten the spread of deadly coronavirus in the country. This is the seventh time...

World stocks drop for third day as recovery hopes falter

World stocks drop for third day as recovery hopes falter

REUTERS 2020-05-14 15:38:31

World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away. The head of the Federal Reserve quashe...

Prof M Khairul ends his 9-yr tenure as BSEC chief today

Prof M Khairul ends his 9-yr tenure as BSEC chief today

Mohammad Mufazzal 2020-05-14 10:06:47

The ever longest period of a chairman of the Bangladesh Securities and Exchange Commission (BSEC) ends today (Thursday) on completion of his era of nine years. Professor M Khairul Hossain is the only...

Singer approves 77pc cash dividend

Singer approves 77pc cash dividend

FE DESK REPORT 2020-05-14 09:40:56

The 40th annual general meeting (AGM) of Singer Bangladesh Ltd was held online on Wednesday. Dr. Fatih Kemal Ebiçlioglu, Chairman, Singer Bangladesh Limited, presided over the meeting. The 4...

Delta Hospital's cut-off price fixation delayed further

Delta Hospital's cut-off price fixation delayed further

FE Report 2020-05-13 10:52:01

The fixation of cut-off price of Delta Hospital shares has been delayed further as the stock market remained closed in line with the government holidays. The government has extended the ongoing shutd...

Prof Shibli Rubayat to head BSEC

Prof Shibli Rubayat to head BSEC

-- 2020-05-13 09:58:13

The government is set to name Professor Shibli Rubayat Ul Islam, who teaches banking and insurance at Dhaka University, as chairman of Bangladesh Securities and Exchange Commission (BSEC). Prof Shibl...

Nat'l Budget for FY 2020-21: DSE for reduction of corporate tax

Nat'l Budget for FY 2020-21: DSE for reduction of corporate tax

FE Report 2020-05-13 09:34:56

The Dhaka Stock Exchange (DSE) has made 11-points budget proposals including the corporate tax rate cut for the listed companies in the upcoming budget for the fiscal year (FY) 2020-2021. The count...