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The Financial Express

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Unilever to buy 82pc stake of GSK BD

Unilever to buy 82pc stake of GSK BD

FE Desk Report 2018-12-04 10:33:34

GSK will sell its 82 per cent stake in GlaxoSmithKline Bangladesh Limited to Unilever for £566 million. The remaining stakes of GSK Bangladesh, which is listed on Dhaka Stock Exchange, are he...

Salaried people lead income tax return submission

Salaried people lead income tax return submission

Doulot Akter Mala 2018-12-04 09:28:46

Income tax return submission by individual taxpayers posted a 14 per cent rise this year, mostly contributed by salaried taxpayers. Until Sunday, tax offices received some 1.7 million tax returns and...

Stocks edge up amid cautious trading

Stocks edge up amid cautious trading

FE Online Report 2018-12-03 15:52:35

Stocks finished slightly higher for the second day in a row on Monday as investors were trading cautiously ahead of national elections. Market insiders said investors continued trading cautiously a...

LafargeHolcim will merge with Holcim Cement

LafargeHolcim will merge with Holcim Cement

FE Report 2018-12-03 12:15:18

LafargeHolcim Bangladesh Limited (LHBL) will merge with Holcim Cement (Bangladesh) Limited (HBL), a 100 per cent subsidiary of the former. In a disclosure, LHBL said its board of directors has take...

Saif Powertec to invest in subsidiary company

Saif Powertec to invest in subsidiary company

FE Online Report 2018-12-03 12:14:22

The board of directors of Saif Powertec Limited has decided to invest initially Tk 32.50 million in Saif Port Holdings, a subsidiary of the Saif Powertec. Saif Port Holdings will carry on all or an...

Eastern Cables recommends 10pc div

Eastern Cables recommends 10pc div

FE Online Report 2018-12-03 11:33:09

The board of directors of Eastern Cables Limited has recommended 10 per cent stock dividend for the year ended on June 30, 2018, said an official disclosure on Monday. The final approval will come...

DSEX crosses 5,300-mark in early trading

DSEX crosses 5,300-mark in early trading

FE Online Report 2018-12-03 11:28:58

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

IFAD revises schedule of rights utilisation proceeds

IFAD revises schedule of rights utilisation proceeds

FE Report 2018-12-03 10:37:30

The board of directors of IFAD Autos has decided to revise rights share utilisation proceeds and sought one year more time to utilise the proceeds. The revision of rights share utilisation proceeds...

Remittance drops in November

Remittance drops in November

FE Report 2018-12-03 09:36:01

The flow of inward remittance fell slightly in November over that of the previous month despite the depreciating mode of taka against dollar in recent months. The money sent home by Bangladeshis work...

Stocks witness marginal gain

Stocks witness marginal gain

FE Online Report 2018-12-02 17:17:22

Stocks posted marginal gain on Sunday, after a single-day break, as investors went on late hours buying spree. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,290, advancing 9.5...

Explore benefits of economic graduation, PM urges exporters

Explore benefits of economic graduation, PM urges exporters

-- 2018-12-02 17:01:18

Prime Minister Sheikh Hasina has urged the business community to explore the export and other business opportunities in the global market following country’s graduation as a developing country f...

IFAD revises schedule of rights share utilisation proceeds

IFAD revises schedule of rights share utilisation proceeds

FE Online Report 2018-12-02 14:17:49

The board of directors of IFAD Autos has decided to revise rights share utilisation proceeds and seek one more year to utilise the rights share proceeds. The revision of rights share utilisation proc...

Stocks witness marginal rise at opening

Stocks witness marginal rise at opening

FE Online Report 2018-12-02 11:35:36

The prices of most of the shares witnessed a marginal rise in the early hour of trading on Sunday as investors mostly followed a cautious stance. Following the previous week’s mild correction,...

Price hike of raw materials hits cement companies' EPS

Price hike of raw materials hits cement companies' EPS

Mohammad Mufazzal 2018-12-02 10:32:34

Price hike of raw materials has affected the cement manufacturers of the country, market insiders said. Because of increased production cost, the earning of most of the listed cement companies declin...

Three cos recommend no dividend for second consecutive year

Three cos recommend no dividend for second consecutive year

FE Report 2018-12-02 10:22:42

Three listed companies have recommended no dividend for the second consecutive year amid losses incurred in last years. The companies are Mithun Knitting and Dyeing, Bangladesh Services and Tallu Spi...

Sonali Bank seeks to issue 40 million shares

Sonali Bank seeks to issue 40 million shares

FE Report 2018-12-02 10:00:37

The state-run Sonali Bank wants to increase its paid-up capital to Tk 45.30 billion to urgently meet its capital shortage, officials said. In November last, Sonali Bank Limited (SBL) general manager...

NBR to review fiscal incentives offered to API industries

NBR to review fiscal incentives offered to API industries

Doulot Akter Mala 2018-12-02 09:54:57

Six months after the publication of the 'National Active Pharmaceutical Ingredients (API) and Laboratory Reagents Production and Export Policy by the Ministry of Commerce, the National Board of Revenu...

Weekly analysis: Equities sink back into the red

Weekly analysis: Equities sink back into the red

FE Report 2018-12-01 10:22:51

Stocks returned to the red this week, as cautious investors sold off shares of major sectors to book profit. The last trading session of the week was held on Thursday. Market operators said most o...

Most IT firms see higher Q1 EPS

Most IT firms see higher Q1 EPS

FE Report 2018-12-01 10:16:53

Most of the listed IT companies saw their earnings rise in the first quarter (Q1) of the current financial year (FY), 2018-19, compared to the same period of the previous fiscal year. People familiar...

No liquidity shortage in banking sector: BB governor

No liquidity shortage in banking sector: BB governor

FE Report 2018-12-01 09:57:00

Bangladesh Bank (BB) Governor Fazle Kabir has said the banking industry is now on stable footing as there is no liquidity shortage in this sector at this moment. "The banking industry in Bangladesh...

Delhi meeting to review progress in LoC projects

Delhi meeting to review progress in LoC projects

FHM Humayan Kabir 2018-12-01 09:43:13

Dhaka and Delhi are going to review again the progress in execution of projects under the Indian Lines of Credit (LoCs) this month in New Delhi, officials have said. The officials on Friday said a Ba...

'Number of tax return submission increases by 40pc'

'Number of tax return submission increases by 40pc'

-- 2018-11-30 16:36:45

The number of tax return submission has increased by 40 per cent in the past two years, said Sirajul Islam, acting chairman National Board of Revenue (NBR). He gave the information while addressing a...

SS Steel to allot 25m ordinary shares

SS Steel to allot 25m ordinary shares

FE Report 2018-11-30 10:52:49

SS Steel Ltd. will allot 25 million ordinary shares among successful applicants picked through the lottery draw for the company's initial public offering (IPO) held on Thursday. The lottery draw was...

Quasem Industries approves 12pc stock div

Quasem Industries approves 12pc stock div

FE Desk Report 2018-11-30 10:48:02

The shareholders of Quasem Industries Ltd approved 12 per cent stock dividend, considering the net profit before tax at Tk 105.73 million, EPS at Tk 1.51 for the financial year 2017-18. The approval...

Dec net bank borrowing target likely to be Tk 22b

Dec net bank borrowing target likely to be Tk 22b

Siddique Islam 2018-11-30 09:50:29

The government is set to fix the net bank borrowing target at Tk 22 billion for December to finance budget deficit partly ahead of the general election, officials said. It may take up to Tk 136 billi...

Stocks end flat, DSEX drifts lower

Stocks end flat, DSEX drifts lower

FE Online Report 2018-11-29 15:56:56

Stocks ended nearly flat on Thursday, while DSEX, the prime index of the main bourse, drifted lower as cautious investors sold shares. Market insiders said most of the investors followed cautious s...

Stocks creep higher amid political tensions

Stocks creep higher amid political tensions

FE Online Report 2018-11-29 11:39:00

The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Thursday as investors are active on sector-wise issues. Following the previous day’s flat move...

Subscription of 'SEML FBLSL Growth Fund' to open Dec 2

Subscription of 'SEML FBLSL Growth Fund' to open Dec 2

FE Report 2018-11-29 10:58:41

The public subscription of 'SEML FBLSL Growth Fund', a closed-end mutual fund, will be started on December 02. The growth fund, which is 10 years tenure, will raise a fund worth Tk 550 million from...

Stakeholders should work together for dev of capital market: BSEC chief

Stakeholders should work together for dev of capital market: BSEC chief

FE Report 2018-11-29 10:50:50

The stakeholders should work together for further development of the country's capital market. Professor M. Khairul Hossain, the chairman of Bangladesh Securities and Exchange Commission (BSEC), sa...

Armed Forces Income Tax Fair begins

Armed Forces Income Tax Fair begins

-- 2018-11-28 20:53:23

A two-day ‘Armed Forces Income Tax Fair-2018′ started at Sena Malancha convention hall in Dhaka on Wednesday with an aim to facilitate tax services to the armed forces’ members. Tax...