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The Financial Express

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One Bank's Q2 earnings fall 86pc

One Bank's Q2 earnings fall 86pc

FE Report 2018-07-26 10:36:58

The earnings per share (EPS) of One Bank Limited significantly declined for April-June (Q2), 2018 compared to same period of the previous year. The bank's net operating cash flow per share (NOCFPS)...

WB mission in town to discuss $750m budgetary credit line

WB mission in town to discuss $750m budgetary credit line

FHM Humayan Kabir 2018-07-26 10:17:47

The World Bank (WB) has decided to provide US$ 750 million in budgetary support after fielding a mission in Dhaka to discuss the potential lending, officials said on Wednesday. Officials said a...

Capital market continues to lose its depth

Capital market continues to lose its depth

Mohammad Mufazzal 2018-07-26 09:51:47

The country's capital market is now performing worse than any time in last 10 years. The ratio of market capitalisation to GDP, one of the major indicators of measuring depth of a market, was less th...

Minister asks DCs to promote domestic tourism

Minister asks DCs to promote domestic tourism

-- 2018-07-25 19:47:18

Civil Aviation and Tourism Minister AKM Shahjahan Kamal has directed the deputy commissioners (DC) to take initiatives for setting up new spots for tourists. Shahjahan Kamal gave the directives durin...

DSE ends lower, turnover edges up

DSE ends lower, turnover edges up

FE Online Report 2018-07-25 16:31:39

The Dhaka bourse closed marginally lower for second consecutive session on Wednesday, amid mixed performance played by major sectors. The turnover, however, moderately rose on the Dhaka Stock Exchang...

BB sets Tk 218b farm credit target for FY’19

BB sets Tk 218b farm credit target for FY’19

FE Report 2018-07-25 16:15:51

The central bank of Bangladesh has set an agriculture credit target of Tk 218 billion for the banks to disburse during the current fiscal year (FY) 2018-19. The loan was estimated to be nearly 7.0 pe...

VIPB announces div for two MFs

VIPB announces div for two MFs

FE Report 2018-07-25 10:53:15

VIPB Asset Management Company has announced 13 per cent and 14 per cent cash dividend for Southeast Bank 1st Mutual Fund and NLI First Mutual Fund respectively for the financial year 2017-18. The a...

IBBL's EPS rise in Apr-June quarter

IBBL's EPS rise in Apr-June quarter

FE Report 2018-07-25 10:50:10

The earnings per share (EPS) of Islami Bank Bangladesh Limited (IBBL) rose marginally in April-June quarter of 2018 compared to same period of the previous year. The company reported its consolidated...

BB eases rules to attract dollar deposits

BB eases rules to attract dollar deposits

FE Report 2018-07-25 10:28:20

The central bank has relaxed regulations, allowing banks to pay interest on resident foreign currency deposit (RFCD) accounts at Eurocurrency rates to encourage savings in such accounts. Eurocurren...

BSEC approves Tk 100m Shariah Unit Fund

BSEC approves Tk 100m Shariah Unit Fund

FE Report 2018-07-25 10:09:55

The securities regulator has approved the draft prospectus of CAPITEC Padma P.E. Shariah Unit Fund. The approval came at a meeting of Bangladesh Securities and Exchange Commission (BSEC) on Tuesday....

DSE closes marginally lower

DSE closes marginally lower

FE Online Report 2018-07-24 17:55:58

The Dhaka bourse Tuesday closed marginally lower following correction observed by major sectors. At the end of the session, the broad index DSEX closed at 5335.38 points with a loss of 0.23 per cent...

DSE inches down in early trading

DSE inches down in early trading

FE Report 2018-07-24 12:31:02

Stocks on Dhaka bourse declined marginally in early hour of trading Tuesday as losers took control over the gainers. The Dhaka Stock Exchange (DSE) initially started the session with a positive note,...

Global raters air concern over state banks' health

Global raters air concern over state banks' health

FE Report 2018-07-24 10:10:58

Three global ratings agencies have identified poor governance standards and weak financial health as risk factors for the Bangladesh's banking sector, particularly for public banks. The agencies -Moo...

Japan places dos necessary to execute JICA projects expeditiously

Japan places dos necessary to execute JICA projects expeditiously

FHM Humayan Kabir 2018-07-24 09:54:01

Japan has urged Bangladesh to conduct feasibility studies properly before it takes up development projects to avoid cost and time overrun, officials said on Monday. Bangladesh's largest bilateral dev...

DSE closes marginally higher on Monday

DSE closes marginally higher on Monday

FE Online Report 2018-07-23 17:51:26

The Dhaka bourse on Monday closed marginally higher riding on banking sector. The broad index of the Dhaka Stock Exchange (DSE) displayed volatility throughout the whole session. At the end of the s...

Zaheen Spinning to submit revised rights issue proposal

Zaheen Spinning to submit revised rights issue proposal

FE Report 2018-07-23 14:43:28

The securities regulator has asked Zaheen Spinning, a listed company, to submit revised proposal of issuing rights shares. At the same time, the Bangladesh Securities and Exchange Commission (BSEC) h...

Dhaka bourse opens higher

Dhaka bourse opens higher

FE Report 2018-07-23 12:17:34

The Dhaka bourse started Monday’s session with a positive note and maintained the trend for one hour of the session. The market opened positively and DSEX — the broad index of Dhaka Stock...

Share prices of five companies rise abnormally sans PSI

Share prices of five companies rise abnormally sans PSI

FE Report 2018-07-23 11:11:47

The share price of five listed companies rose abnormally despite having no undisclosed price sensitive information (PSI) regarding the price hike of the shares. Following the unusual price hikes of t...

Private sector credit growth exceeds target in June

Private sector credit growth exceeds target in June

Siddique Islam 2018-07-23 10:27:25

Private sector credit growth exceeded the target, set by the central bank earlier, in June despite a declining trend in recent months, officials said. The growth in credit flow to private sector came...

Share prices of five cos rise abnormally

Share prices of five cos rise abnormally

FE Online Report 2018-07-22 17:23:31

The share prices of five companies rose abnormally, although there is no undisclosed price sensitive information regarding the hikes. Following the unusual price increase, the Dhaka Stock Exchange (D...

Dhaka bourse ends flat

Dhaka bourse ends flat

FE Online Report 2018-07-22 15:31:45

The Dhaka bourse Sunday closed flat following the mixed performance played by major sectors. On the day, the turnover value crossed Tk 10 billion-mark after six sessions, as investors' participation...

Use ADR to overcome troubled loan situation

Use ADR to overcome troubled loan situation

FE Report 2018-07-22 15:02:08

Businesses and professionals raised concern on Saturday over the growing volume of non-performing loans (NPLs), which could jeopardise the economic health of the country. To overcome the unpleasant s...

IIDFC to go public

IIDFC to go public

FE Online Desk 2018-07-22 12:37:00

IIDFC will go public for expansion of its businesses. "The company likes to raise Tk 400 million from the stock market and will apply to the BSEC for the final approval," said a company source. The...

DSE opens week on positive note

DSE opens week on positive note

FE Report 2018-07-22 12:22:43

Dhaka bourse rose marginally in early trading on Sunday following the mixed performance of the major sectors. The market started the session with a positive note and continued the trend for first twe...

Indo-Bangla Pharma revises IPO schedule again

Indo-Bangla Pharma revises IPO schedule again

FE Report 2018-07-22 10:42:45

Indo-Bangla Pharmaceuticals has again revised the schedule of IPO (initial public offering) subscription. As per the revised schedule, the company’s public subscription will start on August 9 a...

China-funded projects in slow lane on land acquisition delays

China-funded projects in slow lane on land acquisition delays

Mir Mostafizur Rahaman 2018-07-22 10:22:15

Bureaucratic tangle and slow land acquisition have delayed the progress of eight China-funded government to government (G2G) projects. Infrastructure projects like Multilane Road Tunnel under the R...

Banks exceed ADR on higher than targeted private credit flow

Banks exceed ADR on higher than targeted private credit flow

FE Report 2018-07-22 09:58:02

Higher than targeted private sector credit growth compared to deposits is believed to be the key reason for exceeding the advances-deposits ratio (ADR) by private banks. This was revealed in a study...

NBR moves to bring more people under tax net

NBR moves to bring more people under tax net

-- 2018-07-21 18:50:20

In an effort to expand country's narrow tax base, the National Board of Revenue (NBR) has moved to gather 'secondary data' of potential new taxpayers. In a country of over 160 million (16 crore) popu...

Manpower export to Singapore on downswing

Manpower export to Singapore on downswing

Arafat Ara 2018-07-21 11:00:25

The outflow of Bangladeshi workers to Singapore declined significantly in last three years due to various reasons including an image crisis which was created over arrest of some Bangladeshi nationals...

Stocks keep falling as bank shares plunge

Stocks keep falling as bank shares plunge

Babul Barman 2018-07-21 10:49:20

Stocks posted marginal fall last week that ended Thursday as investors followed cautious stance amid ongoing earnings and dividend declarations. Brokers said some investors preferred to take dilige...