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The Financial Express

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BGIC recommends 10pc dividend

BGIC recommends 10pc dividend

FE Online Report 2019-04-17 14:19:43

The Board of Directors of Bangladesh General Insurance Company (BGIC) has recommended 10 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Wednesday. The...

Bourses to remain closed Monday

Bourses to remain closed Monday

FE Online Report 2019-04-17 14:15:16

The official activities of Dhaka Stock Exchange Limited (DSE) and Chittagong Stock Exchange Limited (CSE) will remain closed on Monday on the occasion of Holy Shab-e-Barat. According to the separate...

BB reserve heist case probe report submission on May 21

BB reserve heist case probe report submission on May 21

-- 2019-04-17 12:38:25

A Dhaka court has set May 21 for submitting probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016. Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chow...

No TIN to open BO accounts

No TIN to open BO accounts

FE Report 2019-04-17 10:40:10

National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan said on Tuesday the taxpayers' identification number (TIN) will not be made mandatory for stock market investors to open beneficia...

Doreen Power acquires 99.90pc shares of Chandpur Power

Doreen Power acquires 99.90pc shares of Chandpur Power

FE Desk Report 2019-04-17 10:20:27

The board of Directors of Doreen Power Generations and Systems Limited in its board meeting held recently has decided to acquire 99.90 per cent shares of Chandpur Power Generations Limited. The compa...

SS Steel Limited included in DSEX

SS Steel Limited included in DSEX

FE Desk Report 2019-04-17 10:16:44

SS Steel Limited has been included in DSEX, the core index of the prime bourse effective from April 23. The change was done in accordance with the DSE Bangladesh Index Methodology, designed and devel...

Survey on VAT payers’ satisfaction: Respondents give mixed reaction

Survey on VAT payers’ satisfaction: Respondents give mixed reaction

Doulot Akter Mala 2019-04-17 10:05:02

Tax officials declined to accept relevant papers from some 43 per cent of large VAT (value added tax) payers, a survey of the revenue board has revealed. The papers that the tax payers produced were...

Stock market erosion persists

Stock market erosion persists

FE Report 2019-04-17 09:50:56

Turnover at the country's premier bourse plummeted to a 13-month low on Tuesday as many investors 'refrained' from taking part in transactions amid ongoing price correction. On the day, turnover at t...

BB data server at high risk of cyber attack

BB data server at high risk of cyber attack

Syful Islam 2019-04-17 09:47:43

The data server of the central bank is found to be at high risk of a cyber attack as hackers have reportedly again installed malware there, officials have said. Malware in the central server of the B...

Paramount Insurance approves 5pc dividend

Paramount Insurance approves 5pc dividend

FE Online Desk 2019-04-16 12:50:28

The board of directors of Paramount Insurance Company Limited has approved 5.0 per cent stock dividend for the year ended on December 31, 2018. The final approval of dividend came during the 20th ann...

Dhaka bourse sees negative at opening

Dhaka bourse sees negative at opening

FE Online Report 2019-04-16 12:19:57

The Dhaka bourse opened the Tuesday’s session with a negative note and continued the declining trend for around one hour. Amid a free fall movement, the broad index of the Dhaka Stock Exchange...

MNCs show mixed trend in recommending dividend

MNCs show mixed trend in recommending dividend

FE Report 2019-04-16 10:26:58

The multinational companies (MNCs) listed with the stock exchanges have performed mixed in recommending dividend for the year ended on December 31, 2018. The amounts of dividends recommended by some...

'Two-thirds of eligible taxpayers evade tax'

'Two-thirds of eligible taxpayers evade tax'

FE Report 2019-04-16 10:07:02

Chairman of National Board of Revenue (NBR) Md Mosharraf Hossain Bhuiyan said Monday less than one-third of potentially eligible taxpayers in the country pay taxes. "We've currently around 40 lakh (4...

Comprehensive farm database on the cards

Comprehensive farm database on the cards

FE Report 2019-04-16 09:58:27

The government has planned to build a comprehensive database for the country's agriculture sector aiming to boost agricultural production and exports. "A comprehensive database will be created to mak...

NBR told to avoid 'cut-and-paste' type budget

NBR told to avoid 'cut-and-paste' type budget

FE Report 2019-04-16 09:43:39

The country's investment development authorities, on Monday, sought adequate policy support from the National Board of Revenue (NBR) to further promote investment while making the existing initiatives...

Only 11pc women using MFS in BD: Study

Only 11pc women using MFS in BD: Study

Sajibur Rahman 2019-04-15 16:28:21

Only 11 per cent of women are registered users of Mobile Financial Services (MFS) in the country while 30 per cent of men are using such services, a study has revealed. Volume or frequency of need, i...

DSE turnover dips below Tk 3.0b-mark again

DSE turnover dips below Tk 3.0b-mark again

FE Online Desk 2019-04-15 15:48:21

Stocks witnessed yet another bearish session on Monday with sluggish trading activities as worried investors sold shares, fearing further fall. At the end of the session, DSEX, the prime index of the...

Takaful Islami Ins recommends 11pc dividend

Takaful Islami Ins recommends 11pc dividend

FE Online Report 2019-04-15 15:13:48

The Board of Directors of Takaful Islami Insurance Limited has recommended 5.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2018. The final approval of dividend wi...

Pragati Ins recommends 20pc div

Pragati Ins recommends 20pc div

FE Online Report 2019-04-15 14:42:25

The board of directors of Pragati Insurance Limited has recommended 13 per cent cash and 7.0 per cent stock dividend for the year ended on December 31, 2018. The final approval of dividend will come...

Cement issues see highest price correction this week

Cement issues see highest price correction this week

FE Report 2019-04-14 20:21:31

The cement sector witnessed the highest price correction in last week amid continuous declining trend exhibited by most of the sectors. The cement sector comprising seven companies declined 5.60 per...

Top 10 cos snare 35.83pc of weekly turnover

Top 10 cos snare 35.83pc of weekly turnover

FE Report 2019-04-14 18:27:23

The top 10 turnover leaders contributed 35.83 per cent to the weekly transaction featured by the Dhaka Stock Exchange (DSE) in last week. The top 10 leaders posted a total turnover of above Tk 5.99 b...

Tax collection posts slight growth in eight months

Tax collection posts slight growth in eight months

FE Report 2019-04-14 09:42:16

Tax collection grew by only 7.0 per cent during the first eight months of the current fiscal year widening the shortfall against target. Officials said that the National Board of Revenue (NBR) might...

World Bank suggests merger of commercial banks

World Bank suggests merger of commercial banks

FHM Humayan Kabir from Washington DC 2019-04-13 13:25:36

The World Bank (WB) has suggested that Bangladesh should merge the problematic commercial banks with the better performing ones. Besides, it recommended making the country's capital market vibrant, s...

Weekly analysis: DSEX sheds 624 points in 11 weeks

Weekly analysis: DSEX sheds 624 points in 11 weeks

FE Report 2019-04-13 10:22:46

The broad index of the premier bourse closed the last week sharply lower, extending the losing streak for the 11th straight week amid liquidity crunch and lack of confidence in the market. The week t...

Three banks, cement company recommend dividend

Three banks, cement company recommend dividend

FE Report 2019-04-13 10:15:26

Four listed companies have declared dividends ranging from 10 per cent to 75 per cent for the year ended on December 31, 2018. Of the companies, three are banks and the remaining one is a cement manu...

BD seeks US investments in energy sector

BD seeks US investments in energy sector

FE Report 2019-04-13 09:29:00

Bangladesh has sought US investment, especially in the energy sector under the Indo-Pacific Business Forum. The Forum is seen as a counter mechanism to China's much-hyped Belt and Road (BR) initiativ...

Ten cos account for 40pc turnover on DSE

Ten cos account for 40pc turnover on DSE

FE Report 2019-04-12 11:14:30

The ten most traded companies accounted for 40.2 per cent of the transactions on the Dhaka Stock Exchange (DSE) on Thursday, with the United Power Generation & Distribution Company leading the tur...

Govt eyes Tk 377b non-tax revenue in next budget

Govt eyes Tk 377b non-tax revenue in next budget

Syful Islam 2019-04-12 09:42:27

The government is set to fix the target for non-tax revenue (NTR) at Tk 377 billion in the forthcoming budget. The amount is up by Tk 43 billion from current fiscal's original target and by Tk 107 bi...

BD may seek foreign aid to attain SDGs

BD may seek foreign aid to attain SDGs

FHM Humayan Kabir from Washington DC 2019-04-12 09:34:12

Bangladesh may seek financial support from global leaders to aid it in meeting sustainable development goals (SDGs) this afternoon (US local time). Finance minister AHM Mustafa Kamal will brief on hi...

DSE rebounds into positive territory

DSE rebounds into positive territory

FE Online Report 2019-04-11 19:03:27

The Dhaka Stock Exchange (DSE) rebounded in positive territory on Thursday as some investors went on buying spree on sector-specific issues but the turnover was still bellow Tk 3.0 billion-mark. On W...