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The Financial Express

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Premier Bank to raise lending to CMSMEs

Premier Bank to raise lending to CMSMEs

Ismail Hossain 2019-02-10 10:47:27

Premier Bank Ltd., a leading third generation private sector bank, looks to expand its credit portfolio in the Cottage, Micro, Small and Medium Enterprises (CMSMEs) sector to 50 per cent of the total...

'Market to improve this year on stable economic growth'

'Market to improve this year on stable economic growth'

FE Report 2019-02-10 10:41:45

The respondents of a survey have expressed mixed views on the capital market performance in 2018. A significant number of respondents feel that the securities regulator has capacity constraint as a r...

Weekly analysis: Stocks extend losses for second week

Weekly analysis: Stocks extend losses for second week

Babul Barman 2019-02-09 10:58:23

Stocks extended their losing streak for the second straight week that ended on Thursday as investors sold financial shares. Market analysts said most of the investors adopted a 'cautious' stance afte...

Savers walk a tightrope as NSC sales go online

Savers walk a tightrope as NSC sales go online

Arafat Ara 2019-02-09 10:55:15

Many savers find themselves in a difficult situation while purchasing national savings certificates (NSCs) via the newly-introduced online database system. Since many of them are not familiar with...

New Line Clothings IPO subscription begins Feb 18

New Line Clothings IPO subscription begins Feb 18

FE Report 2019-02-09 10:53:57

The subscription of initial public offering (IPO) of New Line Clothings is set to begin on February 18. Through the IPO, the company will raise a fund worth Tk 300 million (30 crore) from the capital...

SoEs get bounty amid worries over default

SoEs get bounty amid worries over default

Jasim Uddin Haroon 2019-02-09 10:20:08

The pace of converting debts of state firms into equity picked up after the government implemented its new pay scale in 2015, officials said. So far, the government has converted over Tk 65 billion...

Multi-layer tax on dividend income to ease, says Kamal

Multi-layer tax on dividend income to ease, says Kamal

FE Report 2019-02-08 12:41:38

Finance Minister AHM Mustafa Kamal said on Thursday the multi-layer taxation on dividend income would be simplified to help boost investments in the capital market. The minister's assurance came afte...

PC under stress to add fresh projects to RADP

PC under stress to add fresh projects to RADP

FHM Humayan Kabir 2019-02-08 11:11:38

The Planning Commission (PC) is being pressurised to include fresh unapproved projects in the upcoming revised annual development porgrmmme (RADP) for the current fiscal year (FY), 2018-19, defying th...

DSE, CSE return to green

DSE, CSE return to green

FE Online Report 2019-02-07 16:10:11

Stocks returned to the green on Thursday, snapping a two-day losing streak, as optimistic investors went on buying binge on large-cap shares. Market analysts said investors were active in the market...

BD trade deficit in H1 narrows slightly

BD trade deficit in H1 narrows slightly

-- 2019-02-07 13:57:39

Bangladesh's trade deficit narrowed slightly in the first half (H1) of the current 2018-19 fiscal year (July 2018-June 2019) on the back of an increase in exports, said a central bank official on Wedn...

RAK Ceramic recommends 20pc div

RAK Ceramic recommends 20pc div

FE Online Report 2019-02-07 12:03:02

The board of directors of RAK Ceramics (Bangladesh) Limited has recommended 10 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2018. The final approval will come durin...

DSE, CSE witness sharp gain in early trading

DSE, CSE witness sharp gain in early trading

FE Online Report 2019-02-07 12:02:28

The prices of most of the shares on bourses witnessed upward trend in early hour of trading on Thursday as investors are showing buying spree on sector-wise issues. Following the previous two days&rs...

Local cement producers show mixed performance

Local cement producers show mixed performance

FE Report 2019-02-07 10:48:23

The listed local cement companies showed mixed performance for the October-December period of 2018, compared to the same period of the previous year. Of the five companies, Premier Cement Mills has p...

Genex Infosys jumps 465pc in debut trading

Genex Infosys jumps 465pc in debut trading

FE Report 2019-02-07 10:34:06

Genex Infosys made a red-hot trading debut on Wednesday, as its shares jumped 465 per cent on the prime bourse despite a decline in its earnings per share (EPS). The IT company's profit after tax sto...

BD received $28b foreign investments in five years

BD received $28b foreign investments in five years

-- 2019-02-06 20:55:56

Bangladesh received more than $28 billion in investment from 45 countries in the last five years with China investing the highest amount of $8107 million. Foreign Minister Dr AK Abdul Momen revealed...

Export earnings register 13.39pc growth in July-Jan period

Export earnings register 13.39pc growth in July-Jan period

-- 2019-02-06 20:25:49

The country’s export earnings maintained its positive trend with a healthy 13.39 per cent growth during the first seven months of the current fiscal year (FY19) totalling $24,179.59 million. Th...

Poland mulls investing $1.0b in mining sector

Poland mulls investing $1.0b in mining sector

-- 2019-02-06 16:49:55

Poland’s first Deputy Minister of Energy Grzegorz Tobiszowski on Wednesday said the Polish government is ready to invest US$ 1.0 billion in Bangladesh, mainly in mining sector including coal min...

ADB approves $50m loan for microenterprise dev

ADB approves $50m loan for microenterprise dev

-- 2019-02-06 16:06:20

The government and the Asian Development Bank (ADB) have signed an agreement for $50million in loan to promote microenterprise development for inclusive economic growth and poverty reduction. The ass...

Stocks fall, DSEX slips below 5800-mark

Stocks fall, DSEX slips below 5800-mark

FE Online Report 2019-02-06 16:04:31

Stocks extended their losing streak for the second day in a row on Wednesday as risk-averse investors opted for profit-motivated sell-offs. Despite the market close lower, Genex Infosys made a flying...

Debt cancellation unit mandatory to recover write-off loans: BB

Debt cancellation unit mandatory to recover write-off loans: BB

FE Online Report 2019-02-06 14:25:14

All scheduled banks in the country have to create a separate debt cancellation unit to recover write-off loans. Bangladesh Bank has issued the instruction today (Wednesday) in its latest circular on...

Genex Infosys makes flying debut

Genex Infosys makes flying debut

FE Online Report 2019-02-06 11:42:13

Genex Infosys made a flying trading debut on Wednesday as its share price soared 426 per cent or Tk 42.60 each within first hour of trading. The share price of the IT Company is trading between Tk 44...

DSEX gains 14 points in early trading

DSEX gains 14 points in early trading

FE Online Report 2019-02-06 11:27:15

The prices of most of the shares on bourses witnessed upward trend in early hour of trading on Wednesday as investors are showing buying spree on sector-wise issues. Following the previous day’...

CDBL to stop share sales sans declaration

CDBL to stop share sales sans declaration

Mohammad Mufazzal 2019-02-06 11:17:56

The securities regulator has asked the Central Depository Bangladesh Limited (CDBL) to strictly enforce the 'mandatory declarations' requirement in the case of share transfer by the sponsor-directors...

Mongla to host economic zone for India

Mongla to host economic zone for India

-- 2019-02-06 10:43:02

Dhaka is set to sign a memorandum of understanding (MoU) with New Delhi on February 8 to set up an Indian Economic Zone in Mongla, Bagerhat. The NIDAR Industrial Park Pune (Pvt) Ltd., a sister concer...

Genex Infosys makes debut today

Genex Infosys makes debut today

FE Report 2019-02-06 10:37:24

Genex Infosys Ltd, an IT company, makes its share trading debut today (Wednesday) on the bourses under "N" category, officials said. Genex Infosys is the 9th company under the IT sector on the Dhaka...

Esquire Knit holds IPO lottery draw tomorrow

Esquire Knit holds IPO lottery draw tomorrow

FE Report 2019-02-06 10:35:52

The IPO lottery draw of Esquire Knit Composite will be held tomorrow (Thursday) which will allocate 14.06 million ordinary shares among the successful applicants. The event will be held at 10:30 am a...

Hunt is on for way to ease NPL pressure

Hunt is on for way to ease NPL pressure

Siddique Islam 2019-02-06 10:29:07

The central bank is trying to find a way out to ease pressure of defaulted loans that have already reached an alarming level in the country's banking system. It has already formed three committees to...

BSEC approves FSIBL bond

BSEC approves FSIBL bond

FE Report 2019-02-06 10:28:01

The securities regulator has approved the proposal of issuing mudaraba subordinated bond worth Tk 7.0 billion by the First Security Islami Bank Limited. The approval came Tuesday at a meeting held at...

Green Delta launches AR calendar

Green Delta launches AR calendar

FE Report 2019-02-05 22:43:12

Green Delta Insurance Company, a leading non-life insurance entity of the country, has launched the country's first-ever Augmented Reality calendar. This AR calendar is also the first of its type in...

DSE, CSE slip back into the red

DSE, CSE slip back into the red

FE Online Report 2019-02-05 15:19:41

Stocks slipped back into the red on Tuesday, after a single-day break, as investors opted for profit-motivated sell-offs. Analysts said the market faced late hours’ selling pressure as investor...