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The Financial Express

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ITC declares 10pc stock (bonus) dividend

ITC declares 10pc stock (bonus) dividend

FE Online Desk 2018-12-08 15:25:22

The Shareholders of the Information Technology Consultants Limited (ITC) have declared 10 per cent stock (bonus) dividend for the year 2017-18. The approval came at the 18th Annual General Meeting (A...

Sonali Aansh jumps 49pc in a week

Sonali Aansh jumps 49pc in a week

FE Report 2018-12-08 13:39:10

The share price of Sonali Aansh Industries soared 49 per cent or Tk 197 this week, compared to the previous week. The share closed at Tk 730.80 on Thursday, the last trading session of this week. In...

Financials push stocks higher

Financials push stocks higher

Babul Barman 2018-12-08 10:50:42

Stocks bounced back this week, as optimistic investors went on a buying spree, snapping up financial issues. Thursday was the last trading session of the week. Week-on-week, DSEX, the prime index of...

'New generation entrepreneurs hold key to meeting challenges'

'New generation entrepreneurs hold key to meeting challenges'

FE Report 2018-12-08 10:23:19

The country should create new entrepreneurs, giving priority to knowledge and technology, experts said on Friday. To become a developed economy by 2041, there is no alternative to Bangladesh for fost...

NY Fed's involvement in reserve heist not yet proven: BFIU

NY Fed's involvement in reserve heist not yet proven: BFIU

Syful Islam 2018-12-08 10:00:01

Bangladesh is yet to find the Federal Reserve Bank of New York's involvement in the reserve heist though it plans to sue the US-based bank, a top official said on Friday. "We are yet to get anything...

Auditor gives 'qualified' opinion on PGCB's financial report

Auditor gives 'qualified' opinion on PGCB's financial report

FE Report 2018-12-07 10:34:51

The auditor has given 'qualified' opinion on the financial statement of the Power Grid Company of Bangladesh Ltd. (PGCB), as the report for the year ending on June 30, 2018, contains incomplete info...

Ten cos grab 25pc transactions on DSE

Ten cos grab 25pc transactions on DSE

FE Report 2018-12-07 10:28:42

The ten most traded companies captured more than 25 per cent of the turnover of the prime bourse on Thursday, with Dragon Sweater and Spinning topping the list. According to statistics available wi...

BB drafts law to recognise 'movables' as collateral

BB drafts law to recognise 'movables' as collateral

Jasim Uddin Haroon 2018-12-07 09:58:03

The central bank has drafted a law meant to recognise movable properties as collaterals against loans from the banking system. The Bangladesh Bank has already posted the draft on its official website...

BB's forex support rises to $1.0b so far this fiscal

BB's forex support rises to $1.0b so far this fiscal

Siddique Islam 2018-12-07 09:37:26

The central bank has so far sold nearly US$1.0 billion this fiscal year directly to the commercial banks for settling their import payment obligations, officials said. "We're providing such foreign c...

Economic activities slow as pre-polls uncertainties loom

Economic activities slow as pre-polls uncertainties loom

Jubair Hasan 2018-12-07 09:33:29

Major economic activities, especially trade and investments, have slowed down in recent times as many investors are adopting a go-slow policy in their new and expansion plans ahead of the national ele...

Stocks retreat on selling pressure

Stocks retreat on selling pressure

FE Online Report 2018-12-06 15:52:19

Stocks slipped into the red on Thursday, snapping a four-day gaining streak, as cautious investors booked some profit on sector-wise issues. Market operators said investors were on selling mood throu...

Synesis IT, eGeneration to implement HRM solutions to DDM

Synesis IT, eGeneration to implement HRM solutions to DDM

-- 2018-12-06 12:30:55

eGeneration Ltd and Synesis IT Ltd recently signed an agreement with Department of Disaster Management (DDM) to jointly provide consulting services in developing Human Resources (HR) Performance Manag...

DSE, CSE witness slow trend at opening

DSE, CSE witness slow trend at opening

FE Online Report 2018-12-06 11:27:17

Stocks posted marginal gain in early hour of trading on Thursday as some investors are showing their buying appetite on sector-wise issues. Following the previous four days’ upward movement,...

Foreign funds in DSE slump further in Nov

Foreign funds in DSE slump further in Nov

FE Report 2018-12-06 10:55:06

The net foreign funds in the Dhaka Stock Exchange (DSE) remained negative in November as foreign investors were reluctant to put fresh stakes. Market insiders said depreciation of taka against the...

Capital market achieves high quality structure: Muhith

Capital market achieves high quality structure: Muhith

FE Report 2018-12-06 10:44:52

Finance minister AMA Muhith said the country's capital market has achieved the ability of performing like a high quality market although its expansion is yet to be remarkable. He said this on Tuesd...

Stakeholders' coordination key to achieving SDGs

Stakeholders' coordination key to achieving SDGs

FE Report 2018-12-06 10:18:33

Speakers at a programme said effective coordination among the government departments and other stakeholders is the key to achieve the Sustainable Development Goals (SDGs) properly and in time. They...

BD to sue both NY Fed, RCBC over reserve heist: Muhith

BD to sue both NY Fed, RCBC over reserve heist: Muhith

FE Report 2018-12-06 10:04:18

Bangladesh will sue the Federal Reserve Bank of New York alongside the Rizal Commercial Banking Corporation (RCBC) of the Philippines to recover its stolen reserve funds. The case will be filed befor...

NPLs soar 34pc to reach record high at Tk 993.7b

NPLs soar 34pc to reach record high at Tk 993.7b

Siddique Islam 2018-12-06 09:45:36

The amount of classified loans in the country's banking sector reached an all-time high of nearly Tk 1.0 trillion in September ahead of the upcoming national election. The volume of non-performing lo...

Stocks extend gains for 4th day

Stocks extend gains for 4th day

FE Online Report 2018-12-05 15:32:34

Stocks edged higher on Wednesday, extending the gaining streak for the four consecutive sessions, as investors showed their buying spree on sector-wise issues. Market operators said a section of in...

Export earnings grow 17.24pc in first five months of FY19

Export earnings grow 17.24pc in first five months of FY19

FE Online Report 2018-12-05 14:56:48

Export earnings from the country's merchandise shipments during the first five months of the current fiscal year (FY) stood at $17.07 billion, marking a 17.24 per cent growth over the corresponding pe...

Northern Jute’s share price soaring sans PSI

Northern Jute’s share price soaring sans PSI

FE Online Report 2018-12-05 12:38:24

The share price of Northern Jute Manufacturing Company Limited is soaring without having any undisclosed price sensitive information. Within seven consecutive trading sessions, the company’s...

Stocks nudge higher in early trade

Stocks nudge higher in early trade

FE Online Report 2018-12-05 11:46:36

The prices of most of the shares witnessed upward trend in early hour of trading on Wednesday as optimistic investors are showing their buying appetite on sector-wise issues. Following the previous...

Government securities: Last fiscal’s yield curve witnesses steeper rise

Government securities: Last fiscal’s yield curve witnesses steeper rise

Jasim Uddin Haroon 2018-12-05 10:32:51

The gap between short and long-term government fixed-income securities yields was steeper during fiscal year 2018 than its previous year, which indicated a 'tightened year" for money market. The cent...

Tax collection deficit reaches Tk 167.99b

Tax collection deficit reaches Tk 167.99b

Doulot Akter Mala 2018-12-05 09:01:15

Aggregate shortfall in tax revenue collection against the target widened further, marking a deficit amounting to Tk 167.99 billion in the first four months of the current fiscal year (FY), 2018-19. T...

Inflation slightly eases to 5.37pc in November

Inflation slightly eases to 5.37pc in November

-- 2018-12-04 17:54:30

The general point to point inflation rate in November last further eased to 5.37 percentage point from the previous month due to the slight decrease in non-food inflation. “The general point to...

DSEX crosses 5,300-mark; stocks soar

DSEX crosses 5,300-mark; stocks soar

FE Online Report 2018-12-04 15:34:27

Stocks ended higher on Tuesday with core index crossed the 5,300-mark again as investors showed their buying spree on banking and telecommunication issues. Market insiders said some institutional inv...

Forex reserves slide to about $31b in Nov

Forex reserves slide to about $31b in Nov

-- 2018-12-04 13:11:13

Bangladesh's foreign exchange reserves reached about 31 billion US dollars by the end of November, central bank data has showed. Bangladesh Bank (BB) data showed the country's foreign exchange rese...

Sonali Aansh recommends 10pc dividend

Sonali Aansh recommends 10pc dividend

FE Online Report 2018-12-04 12:02:40

The board of directors of Sonali Aansh Industries Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2018. The final approval of dividend will come during the annual gen...

Stocks tick up at opening

Stocks tick up at opening

FE Online Report 2018-12-04 11:38:41

The prices of most of the shares witnessed positive trend in early hour of trading on Tuesday as optimistic investors are showing buying binge on sector-wise issues. Following the previous day’...

Pvt life ins cos’ premium income rises to Tk 77,318m in 2017

Pvt life ins cos’ premium income rises to Tk 77,318m in 2017

FE Desk Report 2018-12-04 10:48:40

The total premium income of private life insurance companies increased to Tk 77,318 million in 2017 against Tk 70,954 million in 2016. The total assets of the private life insurance companies also ro...