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The Financial Express

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ICAB suggests 2.0pc cut in corporate tax

ICAB suggests 2.0pc cut in corporate tax

FE Report 2019-03-25 09:29:45

The Institute of Chartered Accountants of Bangladesh (ICAB) Sunday suggested 2.0 per cent cut in the corporate tax in the budget for the next financial year (FY). Investors would be encouraged to inv...

DSE weighs resuming share-netting system

DSE weighs resuming share-netting system

Jasim Uddin Haroon 2019-03-25 09:20:04

Bourses are contemplating resuming share-netting facility after 17 years as they believe this trading system will help reverse the slumping turnover. Netting is used in share trading, where an invest...

DSEX tumbles to three-month low

DSEX tumbles to three-month low

FE Online Report 2019-03-24 16:32:20

The prime index of the Dhaka Stock Exchange (DSE) tumbled to three months low level on Sunday as worried investors continued their selling binge on financial stocks. DSEX, the prime index of the DSE,...

BD budget may cross Tk 5.0 trillion next fiscal

BD budget may cross Tk 5.0 trillion next fiscal

FE Online Desk 2019-03-24 13:42:16

Bangladesh budget will likely cross the Tk 5.0 trillion-plus mark in fiscal year 2019-20, up by over 11 per cent from that of the last fiscal. The budget totalling Tk 5.24 trillion and 9.5 billion is...

FBCCI will be the bellwether for business reforms

FBCCI will be the bellwether for business reforms

FE Report 2019-03-24 11:28:43

Sheikh Fazle Fahim, the Panel Leader from 'Shommilito Bebshai Porishod', in the upcoming elections of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has vowed to make the country's...

Bank Asia recommends 10pc dividend

Bank Asia recommends 10pc dividend

FE Online Report 2019-03-23 18:55:50

The Board of Directors of Bank Asia Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2018, said an official disclosure on Saturday. The final a...

GSP Finance to issue Tk 2.0b bond

GSP Finance to issue Tk 2.0b bond

FE Online Report 2019-03-23 18:48:01

The board of directors of GSP Finance Company (Bangladesh) Limited has decided to issue coupon bearing bond worth Tk 2.0 billion, said an official disclosure on Saturday. The company will issue the b...

Brac Bank recommends 15pc stock dividend

Brac Bank recommends 15pc stock dividend

FE Online Report 2019-03-23 18:35:29

The board of directors of Brac Bank Ltd has recommended 15 per cent stock dividend for the year ended on December 31, 2018, said an official disclosure on Saturday. The final approval of dividend wil...

Weekly review: Stocks wilt amid subdued trading

Weekly review: Stocks wilt amid subdued trading

Babul Barman 2019-03-23 10:30:01

Stocks ended lower last week, extending its fall for the eighth straight week as worried investors kept selling mostly financial shares. Market analysts said investor sentiment remained wary amid liq...

Ten most traded cos grab one-third of DSE turnover

Ten most traded cos grab one-third of DSE turnover

FE Report 2019-03-23 10:26:45

The ten most actively traded stocks grabbed 33 per cent of the transactions on the prime bourse last week, with the British American Tobacco Bangladesh Company (BATBC) remaining on the top of the char...

$4.2b ADB assistance likely during 2020-22

$4.2b ADB assistance likely during 2020-22

FHM Humayan Kabir 2019-03-23 10:07:09

The Asian Development Bank (ADB) is expected to make available financial assistance with US$ 4.20 billion over a period of next three years for developing Bangladesh's infrastructure and alleviating p...

Climate change to eat up 3.0pc of GDP by 2030

Climate change to eat up 3.0pc of GDP by 2030

Jasim Uddin Haroon 2019-03-23 09:10:57

The country's fast-growing economy may be disrupted in the medium to long run, due mainly to a rising sea, researchers warn. Bangladesh is one of the most exposed and vulnerable countries to climate-...

Singer tops DSE turnover chart

Singer tops DSE turnover chart

FE Report 2019-03-22 10:32:33

Ten most traded companies accounted for 32 per cent of the transactions on the Dhaka Stock Exchange (DSE) on Thursday, with Singer Bangladesh making its way to the top of the turnover chart. Market a...

Islamic Finance declares 14.50pc div

Islamic Finance declares 14.50pc div

FE Report 2019-03-22 10:29:58

The board of directors of Islamic Finance & Investment Ltd. has recommended 10 per cent cash and 4.5 per cent stock dividend for the year ended on December 31, 2018. The final approval of dividen...

Reserve heist: Dhaka to go ahead with out-of-court settlement

Reserve heist: Dhaka to go ahead with out-of-court settlement

Syful Islam 2019-03-22 09:07:59

Bangladesh will press ahead with its plan to settle the reserve heist issue through discussion with the Philippines, although both sides got into a legal battle, a senior official said on Wednesday....

DSEX slumps below 5,600-mark

DSEX slumps below 5,600-mark

FE Online Report 2019-03-21 15:34:41

The prime index of the Dhaka Stock Exchange (DSE) dipped below 5,600-mark after nearly three months as worried investors continued their selling binge. DSEX, the prime index of the DSE, went down by...

Islamic Finance recommends 14.50pc div

Islamic Finance recommends 14.50pc div

FE Online Report 2019-03-21 12:16:09

The board of directors of Islamic Finance and Investment Limited has recommended 10 per cent cash and 4.50 per cent stock dividend for the year ended on December 31, 2018. The final approval of divid...

Stocks fall at opening; DSEX slips record low

Stocks fall at opening; DSEX slips record low

FE Online Report 2019-03-21 11:53:14

The prime index of the main bourse fell below 5,600-mark in early trading on Thursday as most of the investors are selling shares amid low confidence to the market. Following the previous day’s...

Top ten-traded cos snare 37pc turnover

Top ten-traded cos snare 37pc turnover

FE Report 2019-03-21 10:26:55

Top most ten-traded firms grabbed 37 per cent transaction of the prime bourse while BATBC dominated the chart for the second straight session Wednesday. Market analysts said investors were active on...

Shurwid enters IT enabled service business

Shurwid enters IT enabled service business

FE Report 2019-03-21 10:24:41

The board of directors of Shurwid Industries has approved a proposal that the company will do the business of Information Technology Enabled Service (ITES). An agreement was signed with the company a...

'Money laundering, NPL interlinked'

'Money laundering, NPL interlinked'

FE Report 2019-03-21 09:46:04

Experts at a workshop have identified several factors responsible for the rise of trade-based money laundering in the country. The factors include under-qualified bankers, lack of effective communica...

Stocks back to the red amid sluggish turnover

Stocks back to the red amid sluggish turnover

FE Online Report 2019-03-20 15:58:45

The benchmark index of the Dhaka Stock Exchange (DSE) plummeted to nearly three months low on Wednesday as risk-averse investors went on selling binge on sector-specific issues. DSEX, the prime index...

BSEC to bring changes to book-building rules

BSEC to bring changes to book-building rules

FE Report 2019-03-20 10:35:14

The securities regulator has decided to bring some changes to book-building method to make it more transparent and ensure 'fair' price of IPO (initial public offering) shares. The Bangladesh Securiti...

Top ten-traded cos grab 35pc transactions

Top ten-traded cos grab 35pc transactions

FE Report 2019-03-20 10:33:18

British American Tobacco Bangladesh Company (BATBC) dominated the prime bourse turnover chart Tuesday while top ten-traded companies captured 35 per cent transactions. Market analysts said investors...

Govt revises down ADP to Tk 1.65tn

Govt revises down ADP to Tk 1.65tn

FE Report 2019-03-20 10:28:14

The government revised the Annual Development Programme (ADP) on Tuesday, trimming the fund allocation by 4.62 per cent to Tk 1.65 trillion. In the revised ADP, the transport sector has got top pri...

Budget to focus on education, infrastructure, urbanisation

Budget to focus on education, infrastructure, urbanisation

FE Report 2019-03-20 09:24:36

Education, infrastructure development and planned urbanisation of villages will receive priority of the government in the budget for the next fiscal year (FY), 2019-20, Finance Minister A H M Mustafa...

Stocks rebound, turnover remains low

Stocks rebound, turnover remains low

FE Online Report 2019-03-19 15:51:59

Stocks rebounded on Tuesday, after sharp decline in the previous day, as some investors went on late hours’ buying spree on sector-specific shares. Market analysts said despite the market rebou...

GDP growth to hit 8.13pc in current fiscal year: Finance Minister

GDP growth to hit 8.13pc in current fiscal year: Finance Minister

-- 2019-03-19 15:50:54

Finance Minister AHM Mustafa Kamal on Tuesday hoped that the country’s GDP growth will reach 8.13 per cent in the ongoing fiscal year (2018-19). "The GDP growth rate will hit 8.13 per cent at t...

National Housing Finance recommends 20pc div

National Housing Finance recommends 20pc div

FE Online Report 2019-03-19 11:30:09

The board of directors of National Housing Finance and Investment Limited has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018. The final approval o...

DSEX dips below 5,600-mark at opening

DSEX dips below 5,600-mark at opening

FE Online Report 2019-03-19 11:28:09

The prime index of the main bourse—DSEX—fell below 5,600-mark in early trading on Tuesday as most of the investors are selling shares amid low confidence to the market. Following the prev...