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The Financial Express

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Remittance likely to grow by 15.59pc this year

Remittance likely to grow by 15.59pc this year

FE Report 2018-12-24 10:32:38

The country's inward remittance is expected to increase by 15.59 per cent in 2018 compared to that of the previous year, a trend report said. Remittance showed such an upward trend as an increasing n...

Bourses to remain closed for five days

Bourses to remain closed for five days

FE Report 2018-12-24 10:11:52

Trading will take place for only three sessions in the outgoing year as bourses will remain closed for five days due to Christmas Day, national elections, bank holiday and weekly holiday. Trading on...

Fundraising thru’ IPO triples in 2018

Fundraising thru’ IPO triples in 2018

Babul Barman 2018-12-24 09:41:05

Small-cap companies dominated the initial public offering (IPO) market in the outgoing year 2018 that has seen a constantly bearish market, said an analyst. The Dhaka Stock Exchange (DSE) data show 1...

Stocks edge up for four days amid cautious trading

Stocks edge up for four days amid cautious trading

FE Online Report 2018-12-23 18:41:11

Stocks gained marginally on Sunday for the fourth straight session as some investors brought shares amid cautious trading. Market insiders said securities regulator’s positive move on margin lo...

DSE introduces monthly fee for mobile app use

DSE introduces monthly fee for mobile app use

FE Online Report 2018-12-23 13:42:33

The Dhaka Stock Exchange (DSE) has decided to introduce a mobile app usage monthly fee of Tk 150 per user from January 1, 2019. “DSE TREC (Trading Right Entitlement Certificate) holders are req...

BD’s stock market faces ‘election nervousness’: AFC report

BD’s stock market faces ‘election nervousness’: AFC report

FE Online Report 2018-12-23 13:13:12

The overall stock market of Bangladesh has remained weak this year due to nervousness in the run up to the national elections. Annual review report of the AFC Asia Frontier Fund made the observation....

Stocks post marginal gains at opening

Stocks post marginal gains at opening

FE Online Report 2018-12-23 11:37:04

The prices of most of the shares on both the bourses witnessed a positive trend in the early hour of trading on Sunday as some investors remained active on sector-wise issues amid cautious trading ahe...

DSE to hold election for a director January 24

DSE to hold election for a director January 24

FE Report 2018-12-23 10:47:11

An election for the post of a shareholder-director of Dhaka Stock Exchange (DSE) will be held on January 24, as a director will retire this year in line with the demutualisation scheme. This year, Md...

Modhumoti Bank puts thrust on SME, digitisation

Modhumoti Bank puts thrust on SME, digitisation

Siddique Islam 2018-12-23 10:21:53

Modhumoti Bank Limited (MMBL) wants to become a SME-focused bank gradually aiming to facilitate developing entrepreneurship particularly in the rural areas of Bangladesh, the bank's top executive has...

Export earnings from plastic products up by 30pc

Export earnings from plastic products up by 30pc

-- 2018-12-22 20:11:00

Export earnings from plastic products have risen by 30 per cent during the first five months of the current fiscal year (FY19), according to statistics of Export Promotion Bureau (EPB) and Bangladesh...

Streamlined tax system by next year: NBR chief

Streamlined tax system by next year: NBR chief

-- 2018-12-22 19:04:08

Bangladesh will take steps to seal loopholes in the tax system within the next year to boost revenue collection, National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan said on Saturday. "...

RFL declares 23pc cash dividend

RFL declares 23pc cash dividend

FE Online Desk 2018-12-22 15:44:15

The board of directors of Rangpur Foundry Ltd (RFL) has declared 23 per cent cash dividend for the year 2017-2018. The approval of the dividend came at the 38th Annual General Meeting (AGM) of the co...

Weekly analysis: Stocks eke out small gains

Weekly analysis: Stocks eke out small gains

FE Report 2018-12-22 11:01:15

Stocks posted a marginal gain last week that ended on Thursday, as smart investors collected shares despite growing political tensions in the run-up to the national election. Week-on-week, DSEX, the...

Titas Gas earns Tk 3.39b as net profit

Titas Gas earns Tk 3.39b as net profit

FE Report 2018-12-22 10:57:20

The 37th annual general meeting (AGM) of Titas Gas Transmission & Distribution Company was held at the Officers' Club in Dhaka on Thursday. Abu Hena Md Rahmatul Muneem, Secretary of Energy &...

DSE net profit drops 16 per cent

DSE net profit drops 16 per cent

FE Report 2018-12-22 10:53:12

The board of directors of Dhaka Stock Exchange (DSE) has recommended 5.0 per cent cash dividend for the fiscal year (FY) 2017-18, although its net profit fell nearly 16 per cent year-on-year. The pre...

WB likely to use new reference rate from next year

WB likely to use new reference rate from next year

Syful Islam 2018-12-22 10:01:51

The World Bank (WB) is likely to adopt a new reference rate from next year in calculating the interest of its high-cost loans, officials have said. Presently, the interest rate of WB's high-cost loan...

Cos spend 435 hrs on tax payments in BD!

Cos spend 435 hrs on tax payments in BD!

Mehdi Musharraf Bhuiyan 2018-12-22 09:56:31

A company, on an average, has to spend around 435 hours to comply with tax payments each year in Bangladesh, according to a recent global report. The length of time for tax payments in Bangladesh is...

CVO Petro Refinery approves 2.0pc div

CVO Petro Refinery approves 2.0pc div

FE Desk Report 2018-12-21 10:44:49

CVO Petrochemical Refinery Limited organised its 33rd annual general meeting (AGM) on its corporate office premises at Katalganj in Chattogram on Thursday. At the meeting, the shareholders approved 2...

Record 6.5m workers sent abroad in 10 years

Record 6.5m workers sent abroad in 10 years

-- 2018-12-20 18:39:50

Manpower exports witnessed a record rise over the last ten years as more than 6.5 million workers went abroad with jobs and the country received $133.5 billion remittance since 2009. “We’...

Shares shine amid cautious trading

Shares shine amid cautious trading

FE Online Report 2018-12-20 15:47:02

Stocks extended the gaining streak for the third straight session on Thursday as investors continued their buying binge amid cautious trading. DSEX, the prime index of the Dhaka Stock Exchange (DSE),...

Genex Infosys to allocate 20m ordinary shares

Genex Infosys to allocate 20m ordinary shares

FE Online Report 2018-12-20 15:31:18

Genex Infosys will allocate 20 million ordinary shares among the successful applicants as the company’s IPO lottery draw was held today (Thursday). The initial public offering (IPO) lottery dra...

BSRM to invest Tk 390m in BSM Steel

BSRM to invest Tk 390m in BSM Steel

FE Online Report 2018-12-20 11:36:09

The board of directors of Bangladesh Steel Re-Rolling Mills Ltd (BSRM) has decided to make equity investment of Tk 390 million (approximately) in a new joint venture company. The name of the new join...

Stocks open positive amid cautious trading

Stocks open positive amid cautious trading

FE Online Report 2018-12-20 11:28:42

Stocks witnessed positive trend in early hour of trading on Thursday as some investors are active on sector-wise issues amid cautious trading ahead of national elections. Following the previous two d...

SoCBs’ NPL: Finance ministry to make review next week

SoCBs’ NPL: Finance ministry to make review next week

Syful Islam 2018-12-20 10:43:32

In the wake of widespread criticism over mounting non-performing loans (NPL) in the banking system, the finance ministry is going to hold a meeting next week to review the situation, officials said....

BSEC extends timeframe till Dec 31, 2020

BSEC extends timeframe till Dec 31, 2020

FE Report 2018-12-20 10:38:22

The securities regulator has extended the timeframe till December 31, 2020 for keeping provision against unrealised losses in margin accounts of stock dealers' and stock brokers' clients. The unreali...

GPH Ispat vows to enrich steel sector

GPH Ispat vows to enrich steel sector

Our Correspondent 2018-12-20 10:35:06

The 12th annual general meeting (AGM) of GPH Ispat Ltd has approved 10 per cent stock dividend for the shareholders for the 2017-2018 fiscal year. The approval of dividend came in the AGM held at Chi...

IPO lottery draw of Genex Infosys today

IPO lottery draw of Genex Infosys today

FE Desk Report 2018-12-20 10:27:55

The IPO lottery draw of Genex Infosys will be held today (Thursday) which will allocate 20 million ordinary shares among the successful applicants. The initial public offering (IPO) lottery draw wil...

BD economy witnesses 'rise and rise': Nikkei Asian Review

BD economy witnesses 'rise and rise': Nikkei Asian Review

-- 2018-12-19 20:12:11

Japan-based global economic journal Nikkei Asian Review has said Bangladesh continued to witness 'rise and rise' with booming economy. The journal made the statement in its cover story titled 'The ri...

Stocks end higher after volatile trading

Stocks end higher after volatile trading

FE Online Report 2018-12-19 15:35:03

Stocks posted marginal gain Wednesday as some investors brought in the undervalued stocks amid cautious trading. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,242, advancing 8...

Shares drive gains in early trading

Shares drive gains in early trading

FE Online Report 2018-12-19 11:45:24

The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Wednesday as some investors are active on sector-wise issues amid cautious trading ahead of elections....