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The Financial Express

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45 issues being traded below face value

45 issues being traded below face value

FE REPORT 2021-07-13 10:25:24

Prices of 45 issues are being traded below their face value of Tk 10 each on the Dhaka Stock Exchange (DSE) despite the stock index soared more than 54 per cent in the past one year. According to ava...

Tk 400b stimulus enters 2nd phase, foreign companies included

Tk 400b stimulus enters 2nd phase, foreign companies included

SIDDIQUE ISLAM 2021-07-13 08:41:25

Implementation process of the second phase of the stimulus package worth Tk 400 billion for large industries and service sector business entities has started with the inclusion of foreign-owned comp...

Stocks post marginal fall as Eid nears

Stocks post marginal fall as Eid nears

FE ONLINE REPORT 2021-07-12 16:53:30

Dhaka stocks posted a marginal loss on Monday as cautious investors opted for booking profit on quick-gaining issues ahead of Eid vacation. The market started on a negative tone as the shaky investor...

Govt stipend that brings relief to millions

Govt stipend that brings relief to millions

-- 2021-07-12 15:48:31

Despite the onslaught of Covid-19 and subsequent lockdowns, 10 million families across the country have had a little relief receiving the full stipend of primary school education for the fiscal year o...

Stocks open lower ahead of Eid vacation

Stocks open lower ahead of Eid vacation

FE ONLINE REPORT 2021-07-12 11:07:10

Stocks opened marginally lower on Monday, the first session of the week, as cautious investors are booking profit on sector-wise issues ahead of Eid vacation. As per the banking schedule, trading day...

Rationalised land price for light engineering sector suggested

Rationalised land price for light engineering sector suggested

FE DESK REPORT 2021-07-12 10:12:20

Policy reforms, aligned polices with the WTO directives, fiscal and non-fiscal benefits and domestic measures are key to overcome the challenges of LDC graduation for Bangladesh, speakers said in a di...

General insurance sector best performer in first half

General insurance sector best performer in first half

FE REPORT 2021-07-12 08:52:12

The general insurance sector was the best performer on the Dhaka Stock Exchange (DSE) in the first half (H1) of 2021 with 43 per cent return while the jute sector was the worst loser plunging by 30.60...

Interest rate spread widens in May

Interest rate spread widens in May

Siddique Islam 2021-07-12 08:49:54

The interest rate spread widened significantly in May, 2021 as the banks cut their deposit rates further while lending rates remained unchanged, bankers have said. The weighted average spread betwe...

Bangladesh’s impressive development did not benefit everyone equally

Bangladesh’s impressive development did not benefit everyone equally

-- 2021-07-11 19:51:48

Bangladesh’s journey in the post-independence period was tough. Bangladesh inherited a war-hit poor economy in 1971. Despite limited resources, Bangladesh has made spectacular economic progress...

Government set to release final draft policy on investing abroad

Government set to release final draft policy on investing abroad

FE Online Report 2021-07-11 19:37:33

The government is set to release a final draft policy titled ‘Bangladeshis Investment Policy Abroad-2021’ soon to allow the country’s investors to invest in other countries. To this...

Dhaka needs to scale up efforts for retaining pharma waiver beyond LDC era

Dhaka needs to scale up efforts for retaining pharma waiver beyond LDC era

FE REPORT 2021-07-11 10:17:46

Bangladesh needs to boost its negotiating and political efforts in Dhaka and other capitals to enjoy waiver on pharmaceuticals for least-developed countries (LDCs) for an indefinite period beyond gr...

Sonali Life Insurance declares 12pc cash dividend

Sonali Life Insurance declares 12pc cash dividend

FE ONLINE REPORT 2021-07-10 20:43:39

The board of directors of newly listed Sonali Life Insurance Company has recommended a 10 per cent cash dividend for all shareholders for the year ended on December 31, 2020. Besides, the board has a...

Embed IP right in LDC graduation strategy, suggests Debarpiya

Embed IP right in LDC graduation strategy, suggests Debarpiya

FE ONLINE REPORT 2021-07-10 13:01:51

Bangladesh has to get out of its one-sided approach to design and focus on the strategy to make the transition from the Least Developed Countries (LDC) category by 2026, cautioned a leading economist...

BAPLC seeks three months time to transfer unclaimed funds

BAPLC seeks three months time to transfer unclaimed funds

FE REPORT 2021-07-10 10:35:24

Bangladesh Association of Publicly Listed Companies (BAPLC) has sought three months up to September 30, 2021 to transfer the amounts held against unclaimed/undistributed/unsettled dividend to the Ca...

Bancassurance in final stage of launching

Bancassurance in final stage of launching

JASIM UDDIN HAROON 2021-07-10 09:18:43

Bancassurance, an alternative selling strategy of insurance products by banking institutions, is in the final stage of being introduced in the country, as both the central bank and the insurance regul...

Black money crosses Tk 10 trillion in FY21

Black money crosses Tk 10 trillion in FY21

FE ONLINE REPORT 2021-07-09 12:45:05

The estimated amount of black money in Bangladesh stood at Tk 10.18 trillion in the immediate past fiscal year (FY21). The amount of black money is calculated following a formula provided by a numbe...

Beximco given go-ahead for issuance of Tk 30b Sukuk Bond

Beximco given go-ahead for issuance of Tk 30b Sukuk Bond

FE REPORT 2021-07-09 10:10:43

The securities regulator has accorded consent to Bangladesh Export Import Company (Beximco) as originator for issuance of BEXIMCO Green Sukuk Bond of Tk 30 billion. As per the regulatory consent, o...

Private credit growth falls remarkably amid second wave of Covid

Private credit growth falls remarkably amid second wave of Covid

SIDDIQUE ISLAM 2021-07-09 08:36:52

Private-sector credit growth dropped significantly in May mainly due to the ongoing second wave of the Covid-19 pandemic in Bangladesh, according to bankers. Credit flow fell to 7.55 per cent in Ma...

Stocks bounce back after two-day slump

Stocks bounce back after two-day slump

FE Online Report 2021-07-08 15:55:28

The market rebounded on Thursday, snapping a two-day losing streak, as investors put fresh bets on sector-wise stocks amid extended trading hours. Trading time extended by an hour from Thursday until...

Stocks open higher amid extended trading time

Stocks open higher amid extended trading time

FE ONLINE REPORT 2021-07-08 10:51:10

Stocks opened marginally higher on Thursday as investors showed their appetite for sector-wise issues despite the rising trend of virus infections and deaths in the country. Trading remains open fo...

BSEC approves capital market stabilisation fund proposal

BSEC approves capital market stabilisation fund proposal

FE REPORT 2021-07-08 10:03:39

The securities regulator on Wednesday approved the proposal regarding the formation of the board of governance under which the operations of Tk 210 billion capital market stabilisation fund will be co...

Bangladeshi poor bear over 12pc burden of VAT: Study

Bangladeshi poor bear over 12pc burden of VAT: Study

FE REPORT 2021-07-08 08:33:32

Value-added tax (VAT) is an injustice for the poor in Bangladesh as they have to shoulder the burden of 12.1 per cent of the regressive tax on their income. A study styled 'Aid to Pro-poor Domestic R...

‘Incremental changes can make Bangladesh global investment destination’

‘Incremental changes can make Bangladesh global investment destination’

FE ONLINE REPORT 2021-07-07 23:03:19

The Bangladesh stock market has made great progress in becoming more welcoming to foreign investors, while incremental changes can help sustain this momentum and ensure Bangladesh remains a prime and...

Dawn Global launches ETF listed on NYSE

Dawn Global launches ETF listed on NYSE

Adnan Hossain Bhuiyan 2021-07-07 18:10:13

Bangladesh stock market can attract more foreign investment through easing concerns related to liquidity, potential regulatory involvement, enlistment of local companies, and providing more incentives...

Stocks extend losses as bank shares keep falling

Stocks extend losses as bank shares keep falling

FE Online Report 2021-07-07 17:41:46

Stocks witnessed a moderate fall for the two consecutive sessions on Wednesday as cautious investors continued to book profit on quick-gaining issues amid virus worries. Meanwhile, trading time at th...

Social Islami Bank approves 10pc dividend

Social Islami Bank approves 10pc dividend

FE Desk 2021-07-07 13:17:32

The 26th Annual General Meeting of Social Islami Bank Limited (SIBL) was held on Tuesday on a virtual platform due to coronavirus pandemic. The bank's shareholders approved 10 per cent dividend (5...

DSEX crosses 6200-mark at opening

DSEX crosses 6200-mark at opening

FE ONLINE REPORT 2021-07-07 10:39:10

The prime index of the Dhaka Stock Exchange (DSE) crossed the 6200-mark again at opening on Wednesday as investors are showing their appetite, particularly on insurance and mutual funds issues. Fol...

Investors get online transfer facilities

Investors get online transfer facilities

FE REPORT 2021-07-07 10:03:24

Investors from now on will be able to transfer their securities to another brokerage firm from the existing one if its operations are declared suspended or remain closed. Besides, investors will be a...

Banking hours refixed at 10:00am-2:30pm

Banking hours refixed at 10:00am-2:30pm

FE REPORT 2021-07-07 09:43:57

The central bank has asked all the scheduled banks to extend the working period for customers by one hour before the upcoming Eid-ul-Azha, officials said. The banks have also been instructed to run...

Record amount of illicit money legalised

Record amount of illicit money legalised

DOULOT AKTER MALA 2021-07-07 08:31:04

A total of 11,859 people whitened their black money worth Tk 206 billion under a blanket opportunity in the just concluded fiscal year (FY). It is the highest amount of undisclosed money legalised si...