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The Financial Express

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SAML to bring new shariah fund

SAML to bring new shariah fund

FE Online Report 2018-06-12 12:58:33

Shanta Asset Management Limited (SAML) is in the process of adding a new Shariah fund named “Shanta Amanah Shariah Fund” to its existing portfolio. In this regard, a signing ceremony was...

IBFB for  independent body to monitor budget implementation

IBFB for independent body to monitor budget implementation

FE Online Desk 2018-06-12 12:31:11

  The International Business Forum of Bangladesh (IBFB) on Monday demanded the government allocate 55 per cent of the budget outlay to the development sector and the rest as the revenue expendit...

Bourses edge up with low turnover

Bourses edge up with low turnover

FE Online Report 2018-06-12 11:35:45

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading Tuesday as some investors are showing their buying appetite on sectors-wise stocks. Following the...

SK Trims IPO lottery draw today

SK Trims IPO lottery draw today

FE Report 2018-06-12 10:54:02

The draw of SK Trims & Industries Limited IPO lottery will be held today (Tuesday) to allocate 30 million ordinary shares to the successful applicants. The draw will be held at the auditorium o...

BSEC approves Silva Pharma IPO

BSEC approves Silva Pharma IPO

FE Report 2018-06-12 10:50:34

The securities regulator has approved the IPO (initial public offering) proposal of Silva Pharmaceuticals Limited under the fixed price method. The approval came on Monday at a meeting held at the...

Imports up 15pc in ten months

Imports up 15pc in ten months

Siddique Islam 2018-06-12 10:15:30

Overall imports grew by over 15 per cent in the first 10 months of this fiscal year (FY), mainly due to higher import of food grains and fuel oils, officials said. The settlement of letters of credit...

Revenue receipts likely to rise 22-25pc in FY 18: NBR

Revenue receipts likely to rise 22-25pc in FY 18: NBR

FE Report 2018-06-12 10:05:42

The tax revenue collection may record 22 to 25 per cent growth in the outgoing fiscal year (FY), 2017-18, the National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan has said. The colle...

Pension payments to double next fiscal

Pension payments to double next fiscal

Jasim Uddin Haroon 2018-06-12 09:48:51

The country's pension payment is expected to double in the next fiscal year (FY), the latest budget documents show. The payout is estimated to be over Tk 260 billion, twice the size of the 2018 fisca...

Inadequate allocation for agriculture irks rights groups   

Inadequate allocation for agriculture irks rights groups  

FE Online Report   2018-06-11 21:14:15

Rights groups have expressed their disappointment over ‘inadequate’ allocation for the agricultural sector in the proposed budget for fiscal year 2018-19. They also urged the government...

Parliament passes supplementary budget

Parliament passes supplementary budget

-- 2018-06-11 16:36:26

The parliament has passed the supplementary budget of Tk 153.398 billion for the fiscal 2017-18 to meet the increased expenditures under different ministries and divisions. Finance Minister AMA Muhit...

Pre-Eid sale pressure erases early gains

Pre-Eid sale pressure erases early gains

FE Online Report 2018-06-11 14:46:12

Dhaka stocks ended almost flat on Monday, after two days of negative trading in the past two straight sessions on pre-Eid sale pressure. Market insiders said the market closed almost flat as pre-Eid...

Kay & Que plans to merge with Multisourcing

Kay & Que plans to merge with Multisourcing

FE Online Report 2018-06-11 12:18:32

The board of directors of Kay & Que Limited has adopted a draft scheme of amalgamation of Multisourcing Limited (Transferor Company) with Kay & Que (Transferee Company). The amalgamation is...

Stocks manage gains at opening

Stocks manage gains at opening

FE Online Report 2018-06-11 11:58:25

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading Monday as some investors are showing their buying appetite on sectors-wise stocks. Following the p...

Amend budget to make it job-focused

Amend budget to make it job-focused

FE Report 2018-06-11 11:27:57

Speakers at a discussion on Sunday stressed the need for amending the proposed budget for the next fiscal year (FY) to make it employment-focused. They also emphasised the importance of turning the b...

Budget frustrates CSE as it loses sight of market

Budget frustrates CSE as it loses sight of market

FE Report 2018-06-11 10:53:32

The Chittagong Stock Exchange (CSE) on Sunday expressed frustration as the budget proposed for fiscal year 2018-19 did not focus on the country's capital market as per their expectations. It urged th...

BB allows FCBs to remit shares of head office expenses

BB allows FCBs to remit shares of head office expenses

FE Report 2018-06-11 10:26:31

Foreign commercial banks (FCBs) operating in Bangladesh are allowed to remit the shares of expenses at their head offices without the central bank's prior approval. "The FCBs will be able to remit su...

PM seeks partnership among G7, vulnerable countries on blue economy

PM seeks partnership among G7, vulnerable countries on blue economy

-- 2018-06-10 20:30:41

Prime Minister Sheikh Hasina Sunday sought partnership of G7 countries with vulnerable countries for sustainable management and protection of marine and coastal ecosystem. “Partnership between...

Stocks end lower after budget announcement

Stocks end lower after budget announcement

FE Online Report 2018-06-10 14:51:46

Stocks plummeted on Sunday, the first session after budget announcement, as investors reacted negatively to the proposed budget. Market insiders said investors were frustrated as there was no specifi...

BSRM to set up subsidiary co in Hong Kong

BSRM to set up subsidiary co in Hong Kong

FE Online Report 2018-06-10 13:13:44

Bangladesh Steel Re-Rolling Mills, a concern of Chittagong-based BSRM Group, has decided to set up a subsidiary company in Hong Kong. The name of the subsidiary company will be “BSRM (Hong Kong...

Stocks mostly lower on selling spree

Stocks mostly lower on selling spree

FE Online Report 2018-06-10 11:46:13

The prices of most of the shares on both bourses witnessed a negative trend in the early hour of trading Sunday as some investors continued their selling spree on sectors-wise stocks. Brokers said in...

Pre-polls tension could weigh on economy: IMF

Pre-polls tension could weigh on economy: IMF

FE Report 2018-06-10 11:30:16

The International Monetary Fund (IMF) has projected a 7.0 per cent economic growth for Bangladesh in the next fiscal year (FY), 2018-19. The growth projection is 0.80 percentage points lower than the...

Profits of banks, NBFIs may increase due to cut in corporate tax rate

Profits of banks, NBFIs may increase due to cut in corporate tax rate

FE Report 2018-06-10 11:00:46

Stakeholders in the banking, insurance and financial institutions (FIs) sectors have expressed satisfaction over the budget proposal to cut the corporate tax rates. They expected that the tax-cut mea...

Land acquisition a new problem area for RHD

Land acquisition a new problem area for RHD

Munima Sultana 2018-06-10 10:55:04

Money paid as compensation for acquiring private land now eats up the most part of cost of projects belonging to the Roads and Highways Department (RHD). The recent hike in the official rate of compe...

Monitor mega-projects strictly before polls: SANEM

Monitor mega-projects strictly before polls: SANEM

FE Report 2018-06-10 10:51:59

A think-tank has called for strict monitoring of ongoing mega projects ahead of the national elections. "Instead of focusing on spending, we need to focus on the quality of the projects," said the he...

DSE welcomes budget

DSE welcomes budget

FE Report 2018-06-10 10:43:36

Dhaka Stock Exchange (DSE) has appreciated the budgetary measures for fiscal year 2018-19, especially the importance laid on small and medium enterprises (SMEs) and setting up of industries in the dis...

BD’s outbound investment more than triples

BD’s outbound investment more than triples

FE Report 2018-06-10 10:21:31

The outflow of foreign direct investment (FDI) from Bangladesh to other countries surged by more than three times in a year. The outward flow means Bangladeshi business entities or Bangladesh-based m...

Economic growth to fall short of target: IMF

Economic growth to fall short of target: IMF

FE Online Report 2018-06-09 19:31:53

The International Monetary Fund (IMF) has forecasted a slightly lower per cent of economic growth than the government target for the upcoming fiscal year 2018-19 (FY19) The IMF projected a 7.0 per c...

Tofail says the budget will help the poor also

Tofail says the budget will help the poor also

-- 2018-06-09 18:12:43

Commerce Minister Tofail Ahmed on Saturday said the proposed budget will benefit everyone, rich and poor. Tofail said it while speaking as the chief guest of a zakat distribution ceremony in Sadar u...

FBCCI for stern action against loan defaulters

FBCCI for stern action against loan defaulters

FE Online Report 2018-06-09 15:57:59

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday demanded strict punishment against those involved in misappropriating bank loans. The apex trade body, at the same...

BD needs to boost productive investment: IMF

BD needs to boost productive investment: IMF

-- 2018-06-09 11:35:16

Bangladesh will need to boost productive investment by addressing infrastructure bottlenecks and strengthening the banking sector to keep ongoing momentum unhurt, the IMF said in its annual assessment...