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The Financial Express

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Most listed banks see whopping growth in earnings per share

Most listed banks see whopping growth in earnings per share

FE REPORT 2021-07-29 09:13:35

Standard Bank has returned to profit in the second quarter (Q2) that ended on June 30, 2021, against the same quarter last year while Dutch-Bangla Bank's earnings dropped slightly in April-June, 202...

Bangladesh, Vietnam benefit most from RMG, footwear shift from China

Bangladesh, Vietnam benefit most from RMG, footwear shift from China

MONIRA MUNNI 2021-07-29 08:42:09

Bangladesh and Vietnam have benefited most due to the shifting of apparel and footwear exports from China, according to the latest analysis. It also found that in 2019, both the countries' combined s...

Centra bank to announce monetary policy with faster recovery target

Centra bank to announce monetary policy with faster recovery target

SIDDIQUE ISLAM 2021-07-29 08:25:34

The central bank is set to unveil today its monetary policy for the current fiscal year (FY) with an eye to accelerating recovery of the pandemic-hit economy, officials said. The Bangladesh Bank (BB)...

200,000 returnee expats to get Tk 13,500 each

200,000 returnee expats to get Tk 13,500 each

-- 2021-07-28 16:50:34

The government will provide Tk 13,500 to each of some 200,000 expatriate workers, who have returned home facing the negative impact of the COVID-19 pandemic. They will get the financial support under...

DSEX exceeds 6,400-mark

DSEX exceeds 6,400-mark

FE ONLINE REPORT 2021-07-28 16:33:58

Stocks bounced back in a gaining streak on Wednesday, after two-day marginal correction, as investors showed their buying interest on sector-specific issues based on the latest corporate declarations....

Stocks open higher after two-day correction

Stocks open higher after two-day correction

FE ONLINE REPORT 2021-07-28 11:10:49

Stocks witnessed an upward trend on Wednesday, after a two-day marginal correction, as bargain hunters were active on the major sector issues. The market opened on a positive note and the benchmark...

Mandatory listing of MNCs on Bangladesh's stock exchange suggested

Mandatory listing of MNCs on Bangladesh's stock exchange suggested

FE REPORT 2021-07-28 08:45:04

Experts at a seminar on Tuesday suggested introducing a provision for a mandatory listing of multinational companies (MNCs) on the stock exchange so as to increase the depth of the capital market. Th...

Cryptocurrency trading neither legal nor crime: BB

Cryptocurrency trading neither legal nor crime: BB

FE REPORT 2021-07-28 08:02:49

Bangladesh Bank is yet to recognize cryptocurrency as a legal currency, but has made it clear that the ownership or transaction of the digital currency is not a crime. The Foreign Exchange Policy D...

South Bangla Bank’s IPO subscription hits 14 times high

South Bangla Bank’s IPO subscription hits 14 times high

FE ONLINE REPORT 2021-07-27 22:09:49

The initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) hit 14 times high and the bank will be allocated IPO shares Thursday, officials said. The private...

Lockdown spells concern for apparel industry amid 'peak season'

Lockdown spells concern for apparel industry amid 'peak season'

-- 2021-07-27 12:28:39

The impact of the coronavirus pandemic has been keenly felt by nearly all industries, none more so than Bangladesh's key forex-fetching readymade garment sector as orders from big fashion houses dried...

Aid inflow crosses $7b-mark for 2nd year

Aid inflow crosses $7b-mark for 2nd year

FHM Humayan Kabir 2021-07-27 12:01:19

Bangladesh received US$7.11 billion worth of foreign aid in the last fiscal year (FY) of 2020-21 despite hurdles in execution of the foreign-funded projects amid the Covid-19 pandemic. The foreign...

Green Delta Insurer’s earnings jump 243pc in Q2

Green Delta Insurer’s earnings jump 243pc in Q2

FE ONLINE REPORT 2021-07-27 11:42:41

Green Delta Insurance has posted a 243 per cent growth in its second quarter (Q2) earnings for April-June, 2021, compared to the same quarter of last year thanks to higher investment income and lower...

Bangladesh Bank streamlines reporting format for NBFIs

Bangladesh Bank streamlines reporting format for NBFIs

Siddique Islam 2021-07-27 11:29:21

The central bank has streamlined loan classification reporting format for non-banking financial institutions (NBFIs) - aiming to curb the rising trend of stressed assets through strengthening monito...

Stocks witness slow trend at opening

Stocks witness slow trend at opening

FE ONLINE REPORT 2021-07-27 11:04:13

Stocks posted a marginal rise at the opening on Tuesday as investors were mostly cautious following the Bangladesh Bank’s latest directive to curb the flow of stimulus funds to unproductive sect...

Marico Bangladesh declares 200pc interim cash dividend

Marico Bangladesh declares 200pc interim cash dividend

FE ONLINE REPORT 2021-07-26 21:07:11

The board of directors of Marico Bangladesh has declared a 200 per cent interim cash dividend for the year ending on March 31, 2022, based on three months financials for the period ended on June 30, 2...

Stocks snap six-day winning streak

Stocks snap six-day winning streak

FE ONLINE REPORT 2021-07-26 16:41:16

Stocks slipped into the red on Monday, snapping a six-day winning streak, as risk-averse investors booked some profit on quick-gaining issues. After hitting the key index an all-time high the previou...

Stocks open marginally lower in cautious trade

Stocks open marginally lower in cautious trade

FE ONLINE REPORT 2021-07-26 11:07:59

Stocks witnessed a marginal fall in early trading on Monday, after hitting an all-time high in the previous day, as risk-averse investors opted for booking some profit on sector-wise issues. The ma...

World's eyes are now on Bangladesh, says BSEC chief

World's eyes are now on Bangladesh, says BSEC chief

-- 2021-07-26 09:46:42

Bangladesh is now recognised as an attractive destination for investment in the world, says Shibli Rubayat-Ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC). He said this...

Expert panel formed to make DSE trading system foolproof

Expert panel formed to make DSE trading system foolproof

FE REPORT 2021-07-26 09:07:16

The securities regulator has formed a seven-member expert panel to facilitate the development of trading operations at Dhaka Stock Exchange (DSE) removing the existing complexities. The panel led b...

Banks warned of stimulus fund flow to 'unproductive' sectors

Banks warned of stimulus fund flow to 'unproductive' sectors

SIDDIQUE ISLAM AND BABUL BARMAN 2021-07-26 09:00:11

As part of a precautionary measure to avert a possible 'asset bubble', Bangladesh Bank (BB) has warned the commercial banks of diverting funds to unproductive sectors like the stock market or real e...

Japan plans to set up two more SEZs in Bangladesh

Japan plans to set up two more SEZs in Bangladesh

FE REPORT 2021-07-26 08:52:00

Japan is expected to set up two more special economic zones (SEZs) in Bangladesh to bring more investors from the industrially developed country. "Japanese investors eye Bangladesh as a potential d...

DSEX soars post-Eid session to reach record high  

DSEX soars post-Eid session to reach record high  

FE Online Report 2021-07-25 16:43:21

The prime index of the Dhaka Stock Exchange (DSEX) hit a record high on Sunday, the first session after Eid vacation, as buying binge added strength to the equity indices despite virus worries. The...

Tarique Amin joins DSE as managing director

Tarique Amin joins DSE as managing director

-- 2021-07-25 16:15:02

Tarique Amin Bhuiyan on Sunday joined as the managing director of the Dhaka Stock Exchange Limited (DSE). DSE Board of Directors in its 1008th meeting held on July 04 decided to appoint him as the ma...

Stocks open post-Eid session higher

Stocks open post-Eid session higher

FE ONLINE REPORT 2021-07-25 10:57:15

The prices of most of the shares on the bourses witnessed an upward trend in the early hour of trading on Sunday, the first session after the Eid holidays. The Dhaka Stock Exchange (DSE) and Chittago...

Beximco Synthetics trading suspension extended till Aug 3

Beximco Synthetics trading suspension extended till Aug 3

FE Report 2021-07-25 10:12:43

Share trading of Beximco Synthetics has been suspended for another 15 days, according to information of Dhaka Stock Exchange (DSE). As per the decision, the company's share trading will remain susp...

Four banks post 2nd quarter earning per share growth

Four banks post 2nd quarter earning per share growth

FE REPORT 2021-07-25 08:47:22

Four listed banks have witnessed substantial growth in EPS (earnings per share) for April-June (Q2), 2021 compared to the same period of the previous year riding on operating income, among others. Th...

Stock market to reopen Sunday after Eid holidays

Stock market to reopen Sunday after Eid holidays

FE ONLINE REPORT 2021-07-24 19:47:52

Trading and official activities on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will resume on Sunday after the Eid-ul-Azha holidays. The bourses remained closed for five days,...

Philippines clears golden rice for commercial use, Bangladesh may approve soon

Philippines clears golden rice for commercial use, Bangladesh may approve soon

FE Online Report 2021-07-24 16:05:35

The Philippines has approved the release of vitamin A enriched golden rice, paving the way for it to be cultivated commercially in the country while creating a similar opportunity for Bangladesh. The...

Berger Paints to pay 375pc cash dividend

Berger Paints to pay 375pc cash dividend

FE REPORT 2021-07-24 09:06:06

Berger Paints Bangladesh has recommended a 375 per cent cash dividend for the year ended on March 31, 2021. The multinational company has also decided to sign a distributor agreement with the Promat...

City Bank to issue Tk 7.0b subordinated bond

City Bank to issue Tk 7.0b subordinated bond

FE REPORT 2021-07-24 09:05:27

The City Bank Limited has decided to raise Tk 7.0 billion through issuance of subordinated bond to strengthen its capital base and support continuous business growth. The board of directors of the...