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The Financial Express

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Stocks move sharply at opening

Stocks move sharply at opening

FE Online Report 2018-07-05 11:35:52

Prices of most of the shares on bourses witnessed steep rise in early hour of trading on Thursday as optimistic investors are showing buying appetite on sector-wise stocks. Following the previous day...

Call to launch Sukuk for liquidity management

Call to launch Sukuk for liquidity management

FE Report 2018-07-05 11:27:17

Experts at a seminar on Wednesday called for introducing 'Sukuk' in the country as it can help the Islamic banks mobilise fund while managing liquidity. Sukuk means Islamic securities that are often...

Phoenix Finance approves 20pc cash div

Phoenix Finance approves 20pc cash div

-- 2018-07-05 11:07:39

Phoenix Finance & Investments Limited has approved 20 per cent cash dividend for its shareholders for the year ended on December 31, 2017 at the 23rd annual general meeting (AGM) of the company in...

Aman Cotton publishes IPO lottery results

Aman Cotton publishes IPO lottery results

FE Report 2018-07-05 10:50:45

Aman Cotton Fibrous will allocate 8.33 million ordinary shares among the successful applicants as the company held IPO lottery draw on Wednesday. The initial public offering (IPO) lottery draw was...

Exports see 5.81pc growth in FY18

Exports see 5.81pc growth in FY18

-- 2018-07-04 20:47:34

Country’s overall exports grew 5.81 per cent in the outgoing fiscal year (FY18) to $36.67 billion from $34.65 billion of the fiscal year 2016-17 (FY17) riding on the higher shipment of garment p...

'500 mmcfd LNG supply by this month'

'500 mmcfd LNG supply by this month'

-- 2018-07-04 19:56:02

The government will start the supply of 500 mmcfd liquefied natural gas (LNG) into the national grid by this month. Prime Minister's Energy Affairs Adviser Dr Towfiq-e-Elahi Chowdhury came up with th...

Stocks bounced back after three days of loses

Stocks bounced back after three days of loses

FE Online Report 2018-07-04 15:42:43

Stocks bounced back to the green on Wednesday, snapping a three days losing streak, as optimistic investors showed their buying appetite on sector-wise stocks. The market started on positive note a...

Energy exploration: Santos, KrisEnergy carry out 3D seismic survey

Energy exploration: Santos, KrisEnergy carry out 3D seismic survey

M Azizur Rahman 2018-07-04 11:59:54

The joint venture (JV) of Australian Santos and Singapore's KrisEnergy carried out a 3D (three dimensional) seismic survey in block SS-11 in the Bay of Bengal to explore hydrocarbon. The JV conducted...

Stocks soar at opening

Stocks soar at opening

FE Online Report 2018-07-04 11:47:12

Prices of most of the shares on bourses witnessed upward trend in early hour of trading on Wednesday as investors are active on sector specific stocks. Following the previous three days’ fall...

Dhaka-Ctg expressway project: RHD likely to invite tender in a month

Dhaka-Ctg expressway project: RHD likely to invite tender in a month

Munima Sultana 2018-07-04 11:38:27

A delay in taking the decision on the Dhaka-Chittagong expressway project by the finance ministry has compelled the Roads and Highways Department (RHD) to seek support from the PPP Authority to comple...

Aman Cotton’s IPO lottery draws begin

Aman Cotton’s IPO lottery draws begin

FE Report 2018-07-04 11:30:29

The IPO lottery draw of Aman Cotton Fibrous Limited started today (Wednesday) to allocate 8.33 million ordinary shares to the successful applicants. The initial public offering (IPO) lottery draw s...

Merchant banks get more time for loss provisioning

Merchant banks get more time for loss provisioning

FE Report 2018-07-04 10:52:12

The securities regulator has extended the timeframe by two years to complete provisioning of the unrealised losses in the portfolios of merchant banks and their clients. The Bangladesh Securities a...

Jute Spinner's share price soaring despite no production

Jute Spinner's share price soaring despite no production

FE Report 2018-07-04 10:45:04

The share price of Jute Spinners Limited, a "Z" category company, was soaring despite the company's production remained close since 2006. In three consecutive sessions, the share price jumped more th...

World Bank projects 6.7pc growth this fiscal

World Bank projects 6.7pc growth this fiscal

FE Report 2018-07-04 10:06:54

The World Bank (WB) has projected 6.7 per cent economic growth in fiscal year (FY) 2018-19 for Bangladesh. The global lending agency has made the projection in its 'Global Economic Prospects (GEP)' i...

Remittance inflow soars 17pc to $14.98b in last fiscal year

Remittance inflow soars 17pc to $14.98b in last fiscal year

FE Report 2018-07-04 09:39:40

The inflow of remittance jumped by more than 17 per cent or US$ 2.21 billion in the just-concluded fiscal year (FY), 2017-18, following higher fuel oil prices in the global market, officials said. Th...

BD received foreign assistance of $24b in 9 yrs: Muhith

BD received foreign assistance of $24b in 9 yrs: Muhith

-- 2018-07-03 20:49:25

Bangladesh received foreign assistance amounting to US$24 billion from various countries and development partners in the last nine years. Finance Minister AMA Muhith told it to the Parliament on Tues...

Indian ex-WTO envoy praises BD’s apparel sector

Indian ex-WTO envoy praises BD’s apparel sector

-- 2018-07-03 19:00:29

Former Indian Permanent Representative to the World Trade Organization (WTO) Jayant Dasgupta on Tuesday praised the readymade garment sector of Bangladesh. "The way the garment sector of Bangladesh...

ADP implementation rate hits record high in FY18

ADP implementation rate hits record high in FY18

-- 2018-07-03 17:48:25

The implementation rate of the Annual Development Programme (ADP) hit record high in the last fiscal year. The rate was 93.71 per cent with an expenditure of Tk 1.477 trillion in 2017-18. It was 87 p...

DSE, CSE plunge on bearish trend

DSE, CSE plunge on bearish trend

FE Online Report 2018-07-03 16:39:48

Stocks spiked on Tuesday, extending the losing streak for the second sessions, as investors continued their selling spree amid the implementation of the single-digit lending rate. The market started...

DSE to buy 123 cos’ share to execute trade settlement

DSE to buy 123 cos’ share to execute trade settlement

FE Online Report 2018-07-03 16:12:54

The Dhaka Stock Exchange (DSE) announced to buy 123 companies shares on behalf of two brokerage houses on Tuesday to execute trade settlement. DSE officials said two brokerage houses failed to execut...

Phoenix Finance approves 20pc cash dividend

Phoenix Finance approves 20pc cash dividend

FE Online Desk 2018-07-03 14:01:18

The board of directors of Phoenix Finance and Investment Limited has approved 20 per cent cash dividend for the year ended on December 31, 2017. The approval of the dividend came during the 23rd Annu...

Stocks open on positive note

Stocks open on positive note

FE Online Report 2018-07-03 11:29:55

Prices of most of the shares on bourse witnessed upward trend in early hour of trading on Tuesday as investors are active on sector specific stocks. Following the previous day’s sharp decline,...

Prime Insurance to diversify businesses

Prime Insurance to diversify businesses

FE Report 2018-07-03 10:59:17

Prime Insurance Company Limited has vowed to diversify its businesses aiming to grab the untapped insurance market of the country. "We like to shun the traditional and ritualistic practices with the...

Bashundhara Paper's share jumps 63pc in debut trading

Bashundhara Paper's share jumps 63pc in debut trading

FE Report 2018-07-03 10:42:12

Share price of Bashundhara Paper Mills Limited jumped 63 per cent on debut trading on Monday despite the capital market witnessed sharp decline. The company's shares, which were offered for Tk 80 und...

Compliant businesses can apply for AEO status

Compliant businesses can apply for AEO status

Doulot Akter Mala 2018-07-03 10:37:15

The National Board of Revenue (NBR) allows businesses with satisfactory compliance records to apply for the status of authorised economic operators (AEOs). According to a new rule issued on June 28,...

BD could make good use of IDA loans: WB

BD could make good use of IDA loans: WB

FE Report 2018-07-03 09:50:30

Bangladesh could make good use of low cost International Development Association (IDA) loans, a top World Bank official said on Monday. "Bangladesh is one of the largest recipients of the IDA funding...

SoCBs to give funds to PCBs at 6.0pc interest

SoCBs to give funds to PCBs at 6.0pc interest

FE Report 2018-07-03 09:38:54

The state-owned commercial banks (SoCBs) have agreed to provide deposit to the private commercial banks (PCBs) at 6.0 per cent interest rate for implementing the single-digit lending rate, officials s...

'Meat production increases by 7 times in 9 years'

'Meat production increases by 7 times in 9 years'

-- 2018-07-02 18:00:48

The annual meat production increased by seven times in the last nine years making the country self-sufficient in meat production. Director general of the Department of Livestock Services Dr Md Ainul...

Stocks nosedive first session of FY19

Stocks nosedive first session of FY19

FE Online Report 2018-07-02 15:20:38

Stock markets nosedived on Monday, the first trading session of the Fiscal Year (FY) 2018-19, as investors were on selling spree on sector specific stocks. The market opened on negative note and th...

FBCCI seeks strong supervision over single digit lending rate

FBCCI seeks strong supervision over single digit lending rate

FE Online Report 2018-07-02 14:58:35

Hailing the reduced lending rate by the banks, the country’s apex trade body on Monday called for strict supervision for continuation of the single digit lending rate for the sake of investmen...