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The Financial Express

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DSE, CSE struggle for traction

DSE, CSE struggle for traction

FE Online Report 2018-07-02 11:46:39

Country’s bourses witnessed mixed trend in early hour of trading on Monday, the first trading session of the new fiscal year, as investors are active both sides of trading fence. Following th...

Five cos see abnormal price hike sans PSI

Five cos see abnormal price hike sans PSI

FE Report 2018-07-02 11:14:52

The share prices of five listed companies rose 'abnormally' though there was no undisclosed price sensitive information (PSI) in favour of the recent price hike. Following the abnormal price hikes,...

Eastland Insurance approves 15pc divdend

Eastland Insurance approves 15pc divdend

FE Report 2018-07-02 11:12:56

The 31st annual general meeting (AGM) of Eastland Insurance Co. Ltd. has approved 7.5 per cent cash dividend and 7.5 stock dividend for the year 2017 as recommended by the board of directors. Company...

IPO subscription of two cos to begin this month

IPO subscription of two cos to begin this month

FE Report 2018-07-02 10:55:22

The public subscription of ML Dyeing Limited and Silva Pharmaceuticals Limited will open on July 8 and July 29 respectively, officials said. ML Dyeing will raise Tk 200 million and Silva Pharmaceut...

Bashundhara Paper Mills share trading debut today

Bashundhara Paper Mills share trading debut today

FE Report 2018-07-02 10:24:58

Bashundhara Paper Mills Ltd will make its share trading debut today (Monday) on the Dhaka and Chittagong Stock Exchanges under "N" category. DSE trading code for the company is "BPML" and company c...

NBR misses revised target by 9.0pc, original 17.0pc

NBR misses revised target by 9.0pc, original 17.0pc

Doulot Akter Mala 2018-07-02 09:49:12

Tax-revenue mobilised by the National Board of Revenue (NBR) fell short of the revised target by Tk 200 billion in the just concluded Fiscal Year (FY), according to a provisional figure. Revenue offi...

Southeast Bank approves 15pc stock dividend

Southeast Bank approves 15pc stock dividend

-- 2018-07-01 10:31:48

The 23rd annual general meeting (AGM) of Southeast Bank Ltd approved 15 per cent stock dividend for the year 2017. Chairman of the bank Alamgir Kabir, FCA presided over the meeting in the capital, at...

FY'18 witnesses increased issuance of stock dividend

FY'18 witnesses increased issuance of stock dividend

-- 2018-07-01 10:16:45

Some 148 companies listed with the Dhaka Stock Exchange (DSE) have increased their paid-up capital through issuing stock dividend worth over Tk 42.77 billion in the outgoing fiscal year (FY) 2017-18....

Emphasis on proper policies to avoid middle-income trap

Emphasis on proper policies to avoid middle-income trap

-- 2018-06-30 18:30:10

ICCB emphasised on timely action to avoid falling into the 'middle-income trap" where a number of countries are stuck in the lower-middle income status and are unable to move up. "The country is now...

ICAB holds confce on New Format of Auditor’s Report

ICAB holds confce on New Format of Auditor’s Report

-- 2018-06-30 12:57:31

The Institute of Chartered Accountants of Bangladesh (ICAB) arranged a Members’ Conference on ‘New Format of Auditor’s Report Based on Latest International Standards on Auditing&rsqu...

Stocks edge lower at end of FY18

Stocks edge lower at end of FY18

FE Report 2018-06-30 10:33:10

The share price of Bangladesh Autocars is soaring without any price sensitive information (PSI) as it surged further by 42 per cent last week. Bangladesh Autocars dominated the week's gainer chart fo...

Nine cos, two MFs raise Tk 5.41b through IPOs  Babul Barman

Nine cos, two MFs raise Tk 5.41b through IPOs Babul Barman

FE Report 2018-06-30 10:23:58

Fund raising by companies through initial public offerings (IPOs) surged by 39 per cent in the outgoing fiscal year (FY) compared to the previous fiscal. Nine companies and two mutual funds (MF) rais...

Guideline on NPL write-off underway

Guideline on NPL write-off underway

Rezaul Karim 2018-06-30 10:10:42

The central bank is set to make a new guideline on writing off non-performing loans (NPLs), an official said. The Bangladesh Bank (BB) is actively considering a new strategy in the matters of writing...

Net sales of savings tools up in 11 months

Net sales of savings tools up in 11 months

FE Report 2018-06-29 12:04:07

The net sale of state-run savings instruments increased by 2.0 per cent during the last 11 months of fiscal year (FY) 2017-18 compared to the corresponding period of the previous fiscal, official fi...

Central bank will print 1,200m currencies and banknotes

Central bank will print 1,200m currencies and banknotes

Rezaul Karim 2018-06-29 11:56:42

The Bangladesh Bank (BB) will print 1,200 million pieces of currencies and banknotes of various denominations in the next fiscal year (FY), 2018-19, officials said. The target is up by 5.44 per cent...

Fresh energy exploration bidding round soon

Fresh energy exploration bidding round soon

M Azizur Rahman 2018-06-29 11:27:21

The government eyes launching a new bidding round within the next couple of months as the draft of a new model production sharing contract (PSC) is awaiting final approval, said officials. State-run...

Portfolio investment up 17.18 per cent

Portfolio investment up 17.18 per cent

FE Report 2018-06-29 11:15:51

Transactions in foreign portfolio investment in Bangladesh stock market rose 17.18 per cent in the outgoing fiscal year (FY) 2017-18 compared to previous FY, according to Dhaka Stock Exchange (DSE)....

Dhaka Bank approves 12.50pc stock dividend

Dhaka Bank approves 12.50pc stock dividend

FE Online Desk 2018-06-29 11:10:47

The 23rd Annual General Meeting of Dhaka Bank Limited was held on Thursday at the Grand Ball Room, Pan Pacific Sonargaon, Dhaka, said a statement. The AGM approved 12.50 per cent stock dividend for t...

BD-linked money in the Swiss banks drops 27 per cent

BD-linked money in the Swiss banks drops 27 per cent

Asjadul Kibria 2018-06-29 10:47:06

The amount of Bangladesh-linked funds in the banks of Switzerland dropped 27 per cent last year (2017), according to the latest data released in Zurich on Thursday. The report titled 'Banks in Switze...

BB eases rules on bank guarantee to foreign firms

BB eases rules on bank guarantee to foreign firms

FE Report 2018-06-29 10:27:00

The central bank has relaxed regulations, allowing commercial banks to issue guarantee on behalf of foreign-controlled firms favouring the local authorities against counter-guarantee from foreign bank...

WB loans $715m to improve primary education, BBS

WB loans $715m to improve primary education, BBS

-- 2018-06-28 19:41:21

The government on Thursday signed two financing agreements totalling $715 million with the World Bank (WB) to improve the primary education sector, and to help the country produce timely and quality s...

Stocks end FY18 with negative note

Stocks end FY18 with negative note

FE Online Report 2018-06-28 15:59:28

Stocks ended with negative note on Thursday, the last trading session of the outgoing fiscal year (FY18), as investors were on selling mode on selective stocks. Following the previous day’s d...

JS passes Tk 4.64 trillion budget for FY19

JS passes Tk 4.64 trillion budget for FY19

-- 2018-06-28 14:58:04

The Jatiya Sangsad (JS) today passed a Tk 4.64 trillion national budget for fiscal year 2018-19 setting the GDP growth target at 7.8 per cent in a bid to further alleviate poverty, reduce inequalities...

Popular Life recommends 40pc cash dividend

Popular Life recommends 40pc cash dividend

FE Online Report 2018-06-28 12:41:24

The board of directors of Popular Life Insurance Company Limited has recommended 40 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The annu...

United Power to acquire two power plants

United Power to acquire two power plants

FE Online Report 2018-06-28 12:38:35

The board of directors of United Power Generation & Distribution Company Limited has decided to acquire two power plants of the United Group. United Power will acquire majority shares (92.41 pe...

Stocks rise after JS passes finance bill

Stocks rise after JS passes finance bill

FE Online Report 2018-06-28 11:58:37

Prices of most of the shares on both the bourses saw positive trend in early hour of trading on Thursday after the Jatiya Sangsad (JS) passed the Finance Bill 2018 on Wednesday. Investors are showin...

Parliament passes Finance Bill 2018

Parliament passes Finance Bill 2018

FE Report 2018-06-28 11:33:23

The Jatiya Sangsad (JS) passed the Finance Bill 2018 on Wednesday, bringing a number of changes in taxes/duties proposed earlier in the finance minister's budget speech. The bill was passed by voic...

Bangladesh a big market for GE

Bangladesh a big market for GE

M Azizur Rahman, back from USA 2018-06-28 10:43:39

Bangladesh is among the most exciting markets for US conglomerate GE [General Electric] in South Asia. It is contributing considerably to providing reliable, efficient electricity to millions of home...

Bashundhara Paper makes debut Monday

Bashundhara Paper makes debut Monday

FE Report 2018-06-28 10:38:00

Bashundhara Paper Mills Limited is set make its share trading debut on July 2 (Monday) on the Dhaka and Chittagong bourses under "N" category. DSE trading code for the company is "BPML" and company...

Consortium led by Unique Hotel to develop 584 megawatt power plant

Consortium led by Unique Hotel to develop 584 megawatt power plant

FE Report 2018-06-28 10:35:17

A consortium comprising three companies led by Unique Hotel & Resorts will develop a 584 megawatt power plant at Meghnaghat area in Narayanganj. The gas/R-LNG based Combined Cycle Power Generat...