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Stocks plunge after single-day break

Stocks plunge after single-day break

FE Online Report 2019-10-16 15:54:39

Stocks failed to maintain the momentum of the previous day that saw sharp rise, which suggests retail investors remain unconvinced by government moves to support the moribund market. Market analysts...

Northern Jute recommends 100pc cash div

Northern Jute recommends 100pc cash div

FE Online Report 2019-10-16 12:18:15

The board of directors of Northern Jute Manufacturing Company Limited has recommended 100 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Wednesday. The fin...

BSC recommends 10pc dividend

BSC recommends 10pc dividend

FE Online Report 2019-10-16 11:55:25

The board of directors of Bangladesh Shipping Corporation (BSC) Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Wednesday. The fi...

Stocks open lower despite ICB activity

Stocks open lower despite ICB activity

FE Online Report 2019-10-16 11:47:39

Stocks witnessed downward trend in early hour of trading on Wednesday as investors mostly followed cautious stance after recent volatility in the market. Following the previous day’s sharp gain...

UCB to issue Tk 4.0b perpetual bond

UCB to issue Tk 4.0b perpetual bond

FE Online Report 2019-10-16 11:12:53

The board of directors of United Commercial Bank Ltd has decided to raise Tk 4.0 billion through issuance of Perpetual Bond. The bank will issue the bond to support the company Basel III compliance i...

Mkt supportive measures jack stock prices up

Mkt supportive measures jack stock prices up

FE Report 2019-10-16 10:51:16

Dhaka bourse closed the Tuesday's session with a sharp rise in broad index breaking the losing streak of six consecutive sessions following investors' optimistic participation. After losing 226 point...

GPH Ispat to launch new factory by Nov

GPH Ispat to launch new factory by Nov

Saif Uddin, back from Chattogram 2019-10-16 10:47:39

GPH Ispat Limited is set to launch its new plant, comprising of state of the art machinery, by next month to produce high quality steel products. The new plant will help the company to increase its p...

ADP execution drops in Q1

ADP execution drops in Q1

FE Report 2019-10-16 10:44:08

The Annual Development Programme (ADP) implementation rate fallen to 8.06 per cent in the first quarter (Q1) of the current fiscal year (FY) 2019-20. During the same period (July-September) of FY 201...

IMF projects 7.8pc growth

IMF projects 7.8pc growth

FE Report 2019-10-16 10:06:39

The International Monetary Fund (IMF) has forecasted a 7.8 per cent economic growth for Bangladesh in 2019. The October 2019 version of the World Economic Outlook (WEO), released on Tuesday morning i...

FDI jumps 50.71pc to $3.89b in FY'19

FDI jumps 50.71pc to $3.89b in FY'19

FE REPORT 2019-10-16 09:59:47

The net inflow of foreign direct investment (FDI) in Bangladesh increased by 50.71 per cent in the last fiscal year (FY'19), according to the latest statistics released by the central bank on Tuesday....

Bangladesh can attract Muslim tourists, state minister says

Bangladesh can attract Muslim tourists, state minister says

-- 2019-10-15 21:03:05

State Minister for Civil Aviation and Tourism M Mahbub Ali has said Muslim-friendly environment across the Bangladesh can be a great source to meet the growing demand of Muslim travellers. “Mus...

Inflation reaches 5.54pc in September

Inflation reaches 5.54pc in September

-- 2019-10-15 20:14:41

The general point-to-point inflation rate reached 5.54 per cent in September last from 5.49 per cent in the previous month. The information was revealed on Tuesday at the ECNEC meeting based-on the m...

ECNEC clears two new MRT projects involving Tk 940b

ECNEC clears two new MRT projects involving Tk 940b

-- 2019-10-15 16:01:23

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved two mega MRT projects -- Dhaka Mass Rapid Transit Development Project (Line-1) and Dhaka Mass Rapid Transit Develop...

Key actors see dour outlook for market

Key actors see dour outlook for market

FE REPORT 2019-10-15 11:05:49

The market intermediaries have called for good governance and listing of good companies to minimise the volatility in stocks. The urging came on Monday at a meeting, where top brokers, issue managers...

Made in Bangladesh event in Qatar on Dec 10-12

Made in Bangladesh event in Qatar on Dec 10-12

FE Online Report 2019-10-14 20:40:47

A three-day exhibition of Bangladeshi products is going to kick off in Qatar on December 10 with the aim to strengthen local trade and investment with the host country. The ‘Bangladesh Forum Qa...

DSE fails to come out of red zone for sixth consecutive session

DSE fails to come out of red zone for sixth consecutive session

FE Online Report 2019-10-14 19:41:06

The Dhaka bourse on Monday failed to come out of the red zone that prolonged for sixth consecutive session amid investors’ lack of confidence. On the day, the broad index witnessed another shar...

BGIC receives guideline from regulator

BGIC receives guideline from regulator

FE Report 2019-10-14 10:48:56

The trustee of the DBH 1st Mutual Fund has moved to call a meeting of the unit-holders, three-fourth of whom expressed opinion in favour of converting the fund into open-end from closed-end form. Ban...

BSEC seeks all info on Tk 500m deal

BSEC seeks all info on Tk 500m deal

FE Report 2019-10-14 10:27:04

The securities regulator has asked LR Global Bangladesh Asset Management Company Limited to submit all information regarding its mutual funds' (MFs) Tk 500 million investment in bdnews24.com within 24...

MNCs not spared from bearish onslaught

MNCs not spared from bearish onslaught

FE Report 2019-10-13 10:04:15

Most of the listed multinational companies (MNCs) lost share prices ranging between 1.0 per cent and 5.4 per cent in last week amid the price correction witnessed by most of the local companies. The...

Banking sector needs urgent reformation: Speakers

Banking sector needs urgent reformation: Speakers

-- 2019-10-12 18:07:32

Speakers at a roundtable have urged the government to take swift measures to reform the banking sector and set up a dedicated commission to this end. Noted economist Prof Dr Mainul Islam presented th...

Investors' panic-driven sales hit stock trading

Investors' panic-driven sales hit stock trading

FE Report 2019-10-12 10:37:00

Dhaka bourse continued declining trend in all sessions executed in last week following investors' panic-driven sales amid their lack of 'confidence'. The week witnessed four trading sessions instead...

DBH 1st Mutual Fund conversion

DBH 1st Mutual Fund conversion

FE REPORT 2019-10-12 10:19:16

The securities regulator has asked the trustee of DBH 1st Mutual Fund to convene a meeting of the unit holders in line with the rules. The Bangladesh Securities and Exchange Commission (BSEC) gave th...

Govt opts for costlier WB loans

Govt opts for costlier WB loans

FHM HUMAYAN KABIR 2019-10-12 09:59:32

The government is going to take out US$1.87 billion in costlier loans from the World Bank (WB) to implement six projects, officials said. The decision on securing the hard-term loans from the bank's...

BD to become self-sufficient in egg production in FY20

BD to become self-sufficient in egg production in FY20

FE Online Report 2019-10-11 18:08:46

The country is going to be self-sufficient in egg production this financial year (FY20) with an expected output of 17.81 billion eggs, according to the government.The egg sector’s turnover is li...

BSEC to issue registration to IDLC Venture Capital Fund

BSEC to issue registration to IDLC Venture Capital Fund

FE Report 2019-10-11 10:34:00

The securities regulator has decided to issue registration to the IDLC Venture Capital Fund, an alternative investment fund. The decision came at a meeting of the Bangladesh Securities and Exchange C...

DSEX hits three-year low

DSEX hits three-year low

FE Report 2019-10-11 10:28:22

The Dhaka Stock Exchange (DSE) broad index - DSEX - closed lower on Thursday, hitting around three-year low, amid continuous selling pressure. The market observed correction in all sessions, and sett...

Current account returns to green zone

Current account returns to green zone

SIDDIQUE ISLAM 2019-10-11 10:07:33

The country's trade gap with the rest of the world narrowed during the first two months of the current fiscal year, aided by a surplus in current account balance. Negative growth in both export and i...

WB warns of curtailing BB autonomy

WB warns of curtailing BB autonomy

FE REPORT 2019-10-11 09:52:31

After projecting lower growth rate, the World Bank (WB) has said curbing the central bank's autonomy poses risk to the economy. "Reform reversals such as easing of loan classification standards, ceil...

WB predicts 7.2pc GDP growth for FY 2019-20

WB predicts 7.2pc GDP growth for FY 2019-20

FE Online Desk 2019-10-10 13:19:14

The World Bank has forecast a growth of the country's gross domestic product (GDP) at 7.2 per cent for 2019-20 fiscal year. The financial institution made the projection in statement on its website s...

Eight FIs being traded below face value

Eight FIs being traded below face value

FE Report 2019-10-10 10:38:31

The shares of eight companies of the financial institution sector came below face value for a long time. Some of these companies reported losses in latest quarterly reports and annual reports for the...