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The Financial Express

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Most banks see earnings per share grow

Most banks see earnings per share grow

MOHAMMAD MUFAZZAL 2021-08-04 08:23:04

Most of the listed banks registered hefty growth in EPS for January-June, 2021 compared to same period of the previous year mainly because of suspension of loan classification. Experts and the offi...

DSEX crosses 6500-mark to hit record high

DSEX crosses 6500-mark to hit record high

FE Online Report 2021-08-03 15:31:29

The benchmark index of the Dhaka Stock Exchange (DSEX) crossed the 6500-mark for the first time on Tuesday since its inception in eight years back as investors continued their buying spree on major se...

CPD urges for new price index to make inflation estimate practical

CPD urges for new price index to make inflation estimate practical

FE ONLINE REPORT 2021-08-03 13:06:51

A leading think-tank has suggested developing a new consumption basket for making inflation estimate more realistic and thus set an appropriate monetary target. The Centre for Policy Dialogue (CPD) m...

DSEX crosses 6500-mark at opening

DSEX crosses 6500-mark at opening

FE ONLINE REPORT 2021-08-03 11:00:32

The prime index of the Dhaka Stock (DSEX) surpassed the 6,500-mark in early trading on Tuesday as investors remained upbeat after the announcement of another expansionary monetary policy statement....

Midas Financing declares 2.5pc cash, 2.5pc stock dividend for 2020

Midas Financing declares 2.5pc cash, 2.5pc stock dividend for 2020

FE ONLINE REPORT 2021-08-03 10:49:44

The board of directors of Midas Financing has recommended 2.50 per cent cash and 2.50 per cent stock dividend for the year ended on December 31, 2020. The board has also decided to hold an extraordin...

Remittance inflow into Bangladesh falls 28pc to $1.87b in July

Remittance inflow into Bangladesh falls 28pc to $1.87b in July

-- 2021-08-03 08:53:02

The flow of inward remittances dropped significantly in July, following the second wave of the ongoing Covid-19 pandemic, officials said. The inflow of remittances plunged by nearly 28 per cent or US...

Bangladesh Bank launches probe into stimulus loans

Bangladesh Bank launches probe into stimulus loans

SIDDIQUE ISLAM 2021-08-03 08:25:21

A probe gets underway to ascertain whether the Covid stimulus lending follows proper manner and the use of the money from the packages is done for the right purposes, as some faults were already found...

Yields of treasury bonds may decline further

Yields of treasury bonds may decline further

FE ONLINE REPORT 2021-08-02 20:14:11

After facing a big decline in the last fiscal year (FY21), yields of Bangladesh government’s long-term bonds are likely to drop further in the current year. World Government Bond, a virtual pla...

DSEX hits new high after monetary policy

DSEX hits new high after monetary policy

FE ONLINE REPORT 2021-08-02 16:40:19

The key index of the Dhaka Stock Exchange (DSE) reached a new high on Monday as investors showed buying spree after the Bangladesh Bank unveiled another expansionary monetary policy statement. DSEX,...

Stocks open higher after monetary policy statement

Stocks open higher after monetary policy statement

FE ONLINE REPORT 2021-08-02 11:12:06

Stocks opened higher on Monday as optimistic investors are showing buying spree on major sector issues after the central bank unveiled an expansionary monetary policy statement. Bangladesh Bank on...

Some 85pc listed banks see profit surge

Some 85pc listed banks see profit surge

BABUL BARMAN 2021-08-02 09:59:22

Most of the listed banks logged higher profits year-on-year in the first half (H1) for January-June, 2021 due to higher operating income, lower provisioning and bullish capital market. Of the 31 bank...

Bangladesh's trade deficit may exceed $26b

Bangladesh's trade deficit may exceed $26b

SIDDIQUE ISLAM 2021-08-02 08:42:34

Bangladesh's overall trade deficit may cross US$26 billion by this fiscal yearend as trading sector faces unprecedented headwind while a healthy balance-of-payments position continues for lesser impor...

Eight companies see decline in stakes held by foreigners

Eight companies see decline in stakes held by foreigners

Mohammad Mufazzal 2021-08-01 09:05:21

Some eight listed companies having good fundamentals saw a decline in stakes held by foreigners in the last six to twelve months. The amount of shares held by foreigners declined ranging between 0....

System of electronic tax deducted at source to be introduced soon

System of electronic tax deducted at source to be introduced soon

DOULOT AKTER MALA 2021-08-01 08:42:59

The taxpayers would soon be able to adjust or claim a tax credit or seek a refund of their paid advance income tax (AIT) under the electronic tax deducted at source (e-TDS) system. The tax authorit...

Call for rationalising duty, VAT on dredging equipment

Call for rationalising duty, VAT on dredging equipment

FE REPORT 2021-08-01 08:32:39

Experts at a programme on Saturday called for rigorous river training and river dredging to revive the country's waterways for transportation of goods and passengers at the cheapest rate. Besides, th...

BUILD urges central bank to support services sector

BUILD urges central bank to support services sector

FE REPORT 2021-08-01 08:27:27

The central bank has been urged to extend policy support to the services sector under its monetary policy, which was announced on Thursday last, as a strategy to prevent fund diversion to unproducti...

Vietnam crosses Bangladesh, turns second largest RMG exporter globally

Vietnam crosses Bangladesh, turns second largest RMG exporter globally

FE ONLINE REPORT 2021-07-31 13:32:39

By maintaining a persistent growth in most of the years in last decade, Vietnam crossed Bangladesh to become the second largest clothing exporter globally in 2020. World Trade Statistical Review 2021...

Execution of foreign-funded projects being hampered

Execution of foreign-funded projects being hampered

FHM HUMAYAN KABIR 2021-07-31 09:48:02

The execution of development projects, especially those funded by donors and mega ones, is hit hard by the Covid-19 pandemic. The disruption caused to the supply of essential materials and technical...

Lockdown dealing a severe blow to low-income people

Lockdown dealing a severe blow to low-income people

JUBAIR HASAN 2021-07-31 08:42:41

The ongoing strict lockdown imposed to stem the spread of coronavirus is dealing a severe blow to the low-income people, especially those in the informal sector. In fact, the restrictions on movement...

All export-oriented industries in Bangladesh will resume operations on Aug 01

All export-oriented industries in Bangladesh will resume operations on Aug 01

-- 2021-07-30 18:45:10

The Bangladesh government has allowed export-oriented factories to resume production on Aug 1 amid the ongoing coronavirus lockdown.   The Cabinet Division announced the decision on Friday...

World Bank lauds Bangladesh's growth, despite downturn

World Bank lauds Bangladesh's growth, despite downturn

-- 2021-07-30 09:52:15

The World Bank has acknowledged Bangladesh’s remarkable economic development and growth, and reassured the global lender's continued support for this country's prosperity. Private Industry and...

Finance minister Kamal unaware of fund diversion to bourses

Finance minister Kamal unaware of fund diversion to bourses

FE REPORT 2021-07-30 08:31:05

Finance minister AHM Mustafa Kamal on Thursday said he did not know whether the money of the pandemic-linked stimulus packages was channelled to the stock market, creating bubble in bourses. Mr Kamal...

Monetary policy targets hardly attainable: Experts

Monetary policy targets hardly attainable: Experts

JASIM UDDIN HAROON 2021-07-30 08:23:37

The monetary policy targets, set for the current fiscal year (FY), 2021-22, are hardly achievable during the time of Covid-19 pandemic, according to economists and businesses. The Bangladesh Bank (...

Bangladesh goes ahead with expansionary monetary policy

Bangladesh goes ahead with expansionary monetary policy

SIDDIQUE ISLAM 2021-07-30 08:19:09

The central bank has announced to continue with its ongoing expansionary monetary policy amid a cautious stance for the current fiscal year (FY) to help boost recovery of the pandemic-hit economy. Th...

SBAC Bank’s investors get minimum 60 IPO shares

SBAC Bank’s investors get minimum 60 IPO shares

FE Online Report 2021-07-29 19:21:50

A general investor will get a minimum of 60 initial public offerings (IPOs) shares of South Bangla Agriculture & Commerce Bank (SBAC) against the application of Tk 10,000. The Dhaka Stock Exchang...

DSEX records new high as investors stay afloat

DSEX records new high as investors stay afloat

FE ONLINE REPORT 2021-07-29 18:04:47

Stocks posted a marginal gain on Thursday, with the key index of the Dhaka Stock Exchange (DSEX), hitting a new high since its inception more than eight year back. DSEX, the prime index of the Dhaka...

Central bank raises farm credit target to Tk 283.91b

Central bank raises farm credit target to Tk 283.91b

-- 2021-07-29 15:45:18

Bangladesh Bank has fixed its agriculture credit target at Tk 283.91 billion for the 2021-22 fiscal year to combat the adverse effects of the pandemic. The target is 7.98 per cent higher than the Tk...

Stocks down in early trading on profit-booking

Stocks down in early trading on profit-booking

FE ONLINE REPORT 2021-07-29 11:02:43

Stocks witnessed a downward trend in early trading on Thursday as cautious investors are booking profit on sector-wise issues following reduced trading days news next week. Trading on the bourses wil...

Premier Bank to issue Tk 4.0b perpetual bond

Premier Bank to issue Tk 4.0b perpetual bond

FE ONLINE REPORT 2021-07-29 10:29:58

The board of directors of Premier Bank has decided to raise Tk 4.0 billion through the issuance of unsecured contingent-conversion floating rate perpetual bonds to boost the capital base of the bank....

National Life Insurance declares 32pc cash dividend

National Life Insurance declares 32pc cash dividend

FE ONLINE REPORT 2021-07-29 10:01:26

The board of directors of National Life Insurance Company has recommended a 32 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during th...