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The Financial Express

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BSEC body to investigate unusual transactions of Beacon Pharma, Central Pharma

BSEC body to investigate unusual transactions of Beacon Pharma, Central Pharma

FE Report 2020-07-17 10:13:41

The securities regulator has formed a two-member committee to look into the unusual transactions of the shares of two listed pharmaceuticals companies. The companies are Beacon Pharmaceuticals and Ce...

Kattali Textile, brokerage firm, individuals to face music

Kattali Textile, brokerage firm, individuals to face music

FE Report 2020-07-17 10:05:54

The securities regulator has imposed an aggregate amount of penalty worth Tk84 million on a listed company, a brokerage firm and some individuals for misuse of IPO fund and manipulating share price....

Economic activities could lose steam: BB

Economic activities could lose steam: BB

SIDDIQUE ISLAM 2020-07-17 09:19:41

The central bank has predicted domestic economic activities are likely to lose momentum in near future as side-effects of the shutdowns and slower growth in foreign trade. "The ordered implementation...

ICT-driven PPP to fight Covid-19

ICT-driven PPP to fight Covid-19

FE Online Desk 2020-07-16 20:32:35

As COVID-19 cases surge throughout the nation, it is imperative for Bangladesh to utilize ICT in the healthcare system to stave off the challenges posed by a catastrophe. The ICT Division of the Gove...

Govt fixes $48.0b export target for current fiscal

Govt fixes $48.0b export target for current fiscal

-- 2020-07-16 18:18:09

Commerce Minister Tipu Munshi on Thursday said that the government has fixed $48.0 billion export target for the current fiscal year 2020-2021. “$41.0 billion has been fixed for goods export se...

Stocks extend losses as virus fear grips markets

Stocks extend losses as virus fear grips markets

FE ONLINE REPORT 2020-07-16 16:25:21

Stocks extended the losing streak for the fourth straight session on Thursday as investors mostly remained watchful amid ongoing virus fears. The market opened on a downward trend and continued the t...

Stocks fall amid virus uncertainty

Stocks fall amid virus uncertainty

FE ONLINE REPORT 2020-07-16 11:24:54

Stocks witnessed downward trend in early trading on Thursday as investors mostly followed cautious stance amid static virus situation. Within 30 minutes of trading, DSEX lost more than 7.0 points whi...

Two more insurers declare dividend

Two more insurers declare dividend

FE ONLINE REPORT 2020-07-16 10:56:55

The board of two more insurance companies – Rupali Insurance and City General Insurance - have recommended dividend for the year ended on December 31, 2019. Rupali Insurance: The board of direc...

Bangladesh a promising IT hub: Oracle exec

Bangladesh a promising IT hub: Oracle exec

FE REPORT 2020-07-16 10:18:06

Bangladesh is a promising market for the latest global innovations on information technology, Oracle ASEAN and SAGE regional managing director Cherian Varghese said. "Seeing the prospects here, we've...

BSEC to help boost startup and venture capital ecosystem

BSEC to help boost startup and venture capital ecosystem

FE DESK REPORT 2020-07-16 09:52:29

A delegation from Venture Capital and Private Equity Association of Bangladesh (VCPEAB) led by Shameem Ahsan, Chairman of VCPEAB and General Partner of Pegasus Tech Ventures (former Fenox Venture Capi...

Alternative Trading Board to 'woo new investors'

Alternative Trading Board to 'woo new investors'

FE Report 2020-07-16 09:44:29

Stock exchanges will have to play an active role to ensure the vibrant operations of Alternative Trading Board (ATB) launched to facilitate the growth of non-listed companies and other securities....

Govt may set $41b goods export target

Govt may set $41b goods export target

FE REPORT 2020-07-16 09:21:49

The government is likely to set US$41.0 billion goods export target for this fiscal year (FY), 2020-21, predicting over 21 per cent growth, sources said. It is also going to fix additional $7.0 billi...

Dhaka stocks extend losses for third day

Dhaka stocks extend losses for third day

FE ONLINE REPORT 2020-07-15 15:39:35

Dhaka stocks extended the losing streak for the third straight session on Wednesday as cautious investors continued to opt some profits on major sectors’ issues amid the Covid-19 pandemic. The...

Four more listed companies recommend dividend

Four more listed companies recommend dividend

FE ONLINE REPORT 2020-07-15 11:48:27

Four more listed companies, including three insurers, have recommended dividends for the year ended on December 31, 2019, according to separate official disclosures on Wednesday. The companies are: P...

Stocks witness upturn in early session

Stocks witness upturn in early session

FE ONLINE REPORT 2020-07-15 11:30:47

Stocks witnessed positive trend in early trading on Wednesday as some investors are active on sector-wise large-cap issues. Within 30 minutes of trading, DSEX advanced more than 1.63 points while t...

GP declares 130pc interim cash dividend

GP declares 130pc interim cash dividend

FE ONLINE REPORT 2020-07-15 11:22:12

The board of directors Grameenphone (GP) has declared 130 per cent interim cash dividend for the year ending 2020, said an official disclosure on Wednesday. The largest market cap company declared...

Boom time for parcel service in pandemic

Boom time for parcel service in pandemic

ADNAN HOSSAIN BHUIYAN 2020-07-15 10:20:12

Courier and parcel service sector is doing a roaring trade even during the pandemic as consumers from home are ordering more products online than ever before. E-commerce sites, Facebook-based online...

DSE asks 15 firms to fulfill dearth of investors' funds by Thursday

DSE asks 15 firms to fulfill dearth of investors' funds by Thursday

MOHAMMAD MUFAZZAL 2020-07-15 10:00:02

The premier bourse has asked some 15 brokerage firms to fulfill the deficiency of investors' funds, found in their consolidated customers' accounts, by tomorrow (Thursday). After fulfilling the defic...

Covid cripples ADP execution in FY'20

Covid cripples ADP execution in FY'20

FHM HUMAYAN KABIR 2020-07-15 09:41:20

Coronavirus pandemic has impinged on the project implementation rate as the government agencies executed only 80 per cent in the just-concluded fiscal year, official data shows. However, the public...

BD eyes Africa as ME job mkts shrink

BD eyes Africa as ME job mkts shrink

Mir Mostafizur Rahaman 2020-07-15 09:35:10

Bangladesh has now decided to resume efforts to explore job markets in Africa against the backdrop of mass deportation of foreign workers from the Middle-East (ME) countries. Earlier, a written propo...

NBFIs 'out of step with banks'

NBFIs 'out of step with banks'

FE REPORT 2020-07-15 09:26:47

The Bangladesh Leasing and Finance Companies Association (BLFCA) Tuesday sought government help to bring bonds and sukuk in the market to ensure long-term sources of funds for the non-bank financial...

Bangladesh, China form joint venture on renewable energy

Bangladesh, China form joint venture on renewable energy

FE ONLINE REPORT 2020-07-14 18:10:37

China and Bangladesh has established a new joint venture company (JVC), titled “Bangladesh-China Power Company (Pvt) Ltd (Renewable),” to implement renewable energy projects having a targe...

Stocks extend losses amid low turnover

Stocks extend losses amid low turnover

FE ONLINE REPORT 2020-07-14 15:31:17

Stocks extended the losing streak for the second day in a row on Tuesday as risk-averse investors opted for quick-profit on selective issues amid ongoing virus fears. DSEX, the key index of the Dhaka...

Stocks witness positive trend amid virus jitters

Stocks witness positive trend amid virus jitters

FE ONLINE REPORT 2020-07-14 11:28:56

Stocks witnessed positive trends in early trading on Tuesday as a section of investors showed their buying binge on selective large-cap issues. Within 30 minutes of trading, DSEX advanced more than 3...

No move for encouraging IPO floatation: DSE team detects management inefficiencies

No move for encouraging IPO floatation: DSE team detects management inefficiencies

Mohammad Mufazzal 2020-07-14 10:35:08

Dhaka Stock Exchange (DSE) has moved to review the performances of its staffs from top to bottom in the context of their respective salaries and benefits to ensure an efficient management reducing ope...

$2.0b budgetary support likely this fiscal year

$2.0b budgetary support likely this fiscal year

SYFUL ISLAM 2020-07-14 09:17:18

The government is working on securing about $2.0 billion budgetary support from bilateral and multilateral development partners in the current fiscal year (FY), finance ministry officials said. In...

Express Insurance IPO lottery draw July 23

Express Insurance IPO lottery draw July 23

FE Online Report 2020-07-13 17:29:46

Express Insurance Ltd is set to hold IPO lottery draw on July 23, aiming to allocate 26.07 million ordinary shares among the successful applicants. The lottery draw will be held through digital platf...

Govt to unveil economic review in Sept next

Govt to unveil economic review in Sept next

FE Online Report 2020-07-13 16:21:20

The economic review, a popular budget publication, will now be published sometime in September next. The publication usually covers data relating to the country's economic activities. The finance di...

DSE slips into red, snapping five-day winning streak

DSE slips into red, snapping five-day winning streak

FE ONLINE REPORT 2020-07-13 15:52:17

Stocks on Dhaka bourse slipped into the red on Monday, snapping a five-day winning streak, as risk-averse investors opted for quick-profit on selective issues amid ongoing Covid-19 pandemic. Followin...

Asia Insurance declares 10pc cash dividend

Asia Insurance declares 10pc cash dividend

FE ONLINE REPORT 2020-07-13 11:57:07

The board of directors of Asia Insurance has recommended 10 per cent cash dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the annual general meet...