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The Financial Express

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Japan intends to confirm over $1.83b in aid next week

Japan intends to confirm over $1.83b in aid next week

FHM Humayan Kabir 2018-06-03 10:21:57

Japan is likely to confirm a US$ 1.83 billion in aid for Bangladesh next week, officials said Saturday. The money from the country's largest bilateral development partner is meant to bankroll six dev...

NBR seems not on course to attain revised target

NBR seems not on course to attain revised target

Doulot Akter Mala 2018-06-03 09:48:34

The National Board of Revenue (NBR) is likely to miss even the revised tax revenue collection target set for the current financial year, 2017-18. The shortfall in tax revenue collection stood at Tk 3...

ONE Bank approves 15pc cash, 5pc stock dividend

ONE Bank approves 15pc cash, 5pc stock dividend

FE Online Desk 2018-06-02 13:09:42

One Bank Limited has recently organised its 19th Annual General Meeting at the Police Convention Hall at Eskaton Garden Road in the capital. The board of directors in the meeting approved 15 per cent...

Shasha Denims to acquire Tk 480m stake of EOS Textiles

Shasha Denims to acquire Tk 480m stake of EOS Textiles

Babul Barman 2018-06-02 10:25:35

Shasha Denims Limited (SDL) will acquire 40 per cent stake of EOS Textiles Mills Limited. The shares are valued at approximately Tk 480 million. "The process of acquisition of EOS Textiles Mills i...

Upcoming budget to have a new classification system

Upcoming budget to have a new classification system

Jasim Uddin Haroon 2018-06-02 09:30:42

The upcoming national budget will be placed before parliament under a new classification system. This will mark a departure from the old ways of presenting the same. Finance Minister AMA Muhith is e...

Alif Industries' share price jumps without PSI

Alif Industries' share price jumps without PSI

FE Report 2018-06-01 16:57:05

The share price of Alif Industries Limited (AIL) continued to soar without any price sensitive information (PSI). The company's share price jumped more than 24 per cent or Tk 20.40 each in only thr...

Z category cos rule DSE gainers' chart

Z category cos rule DSE gainers' chart

FE Report 2018-06-01 16:51:53

The 'Z' category companies dominated the gainers' chart of Dhaka Stock Exchange (DSE) on Thursday. Of the top 10 gainer companies, six were from the 'Z' category entities listed with the country's...

MTB approves 12.5pc stock dividend

MTB approves 12.5pc stock dividend

FE Report 2018-06-01 16:47:49

Mutual Trust Bank Limited (MTB) approved 12.50 per cent stock dividend for the year 2017 at the banks 19th annual general meeting (AGM) in the capital on Thursday, according to a press release. Pre...

DSEX erodes 395 points in May

DSEX erodes 395 points in May

FE Report 2018-06-01 16:41:12

The prime index of the Dhaka Stock Exchange (DSE), DSEX, eroded more than 395 points or 6.90 per cent in May as the market witnessed a bearish trend almost throughout the month. Eighteen trading sess...

CPD to release 3rd interim review of BD economy

CPD to release 3rd interim review of BD economy

FE Online Desk 2018-06-01 13:06:25

The Centre for Policy Dialogue (CPD) will release the third interim review of Bangladesh’s macroeconomic performance for FY2017-18 very soon. "In order to release this assessment rep...

Banks not doing enough to meet expectations: Study

Banks not doing enough to meet expectations: Study

FE Report 2018-06-01 10:57:10

The banking industry in the country has 'failed' to meet expectations of customers, according to the findings of a research study released on Thursday. The study showed that the number of 'unsatisfie...

'Fast-track' seaport projects tread in slow lane

'Fast-track' seaport projects tread in slow lane

FHM Humayan Kabir 2018-06-01 10:02:58

The execution of two 'fast-track' seaport projects has been progressing at a very slow pace, according to relevant officials. Of the two, work on one project — the Sonadia deep-seaport -- has n...

New ERF office opens in city

New ERF office opens in city

-- 2018-05-31 21:52:22

The new office of the Economic Reporters’ Forum (ERF), the organisation dedicated specially for the country’s economic reporters, was inaugurated at the Paltan Tower in the city on Thursda...

Muhith encourages journalists to write book marking BD golden jubilee

Muhith encourages journalists to write book marking BD golden jubilee

-- 2018-05-31 20:54:03

Finance Minister Abul Maal Abdul Muhith has said journalists should write about the development and achievements of Bangladesh marking golden jubilee of the country. "The country will step into its 5...

Stocks plunge on bearish trend

Stocks plunge on bearish trend

FE Online Report 2018-05-31 15:15:07

Stocks extended the losing streak for the four straight sessions on Thursday as investors continued their selling spree on sector specific stocks. Brokers said the ongoing pessimism kept investors mo...

Term loan, SME snare major loan portfolio of Standard Bank

Term loan, SME snare major loan portfolio of Standard Bank

FE Report 2018-05-31 12:32:27

Term loan and small and medium enterprises (SME) continued to grab the major loan portfolio of Standard Bank Ltd. As per the loan portfolio mix-2017 of the bank, term loan accounted for 21.92 per cen...

DSEX losses 22 points at opening

DSEX losses 22 points at opening

FE Online Report 2018-05-31 11:32:57

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading on Thursday while the key index of the country’s prime bourse fell more than 22 points. Follow...

Red-tape hits two dozen China-funded projects

Red-tape hits two dozen China-funded projects

Mir Mostafizur Rahaman 2018-05-31 10:03:01

Due to the bureaucratic tangles, more than two dozen China-funded projects are not progressing at a satisfactory pace. So far, the disbursement has been made against only two projects. The projects...

BB asks banks to keep spread within 4.0pc

BB asks banks to keep spread within 4.0pc

FE Report 2018-05-31 09:50:10

The central bank has asked the commercial banks to keep their intermediation spread between the lending and average deposit rates within 4.0 per cent. To this end, it issued a circular on Wednesday....

Bourses erase early gains

Bourses erase early gains

FE Online Report 2018-05-30 15:01:38

Bourses erased the early gains and slipped into the red zone again after middle of the session on Wednesday as investors remained on selling mood on sector-wise stocks. Analysts said the ongoing pe...

Golden Harvest’s subsidiary inks deal with IFC infraventures

Golden Harvest’s subsidiary inks deal with IFC infraventures

FE Online Report 2018-05-30 13:43:47

Golden Harvest Ice Cream Limited, a fully owned subsidiary company of Golden Harvest Agro Industries, has signed an agreement with IFC lnfraventures on Tuesday. Under the agreement, the companies...

Opening of BO accounts slumps

Opening of BO accounts slumps

FE Report 2018-05-30 12:27:42

About 121,386 beneficiary owner (BO) accounts were opened in last nine months, according to a stock market depository service provider. Data available with the Central Depository Bangladesh Limited...

DSE seeks waiver of tax on its 25pc stake sales

DSE seeks waiver of tax on its 25pc stake sales

FE Report 2018-05-30 11:52:03

The Dhaka Stock Exchange (DSE) has sought exemption from tax at source on the sales value of its 25 per cent shares to a Chinese consortium. Besides, the premier bourse sought full waiver of tax on...

DSE, CSE eke out some gains

DSE, CSE eke out some gains

FE Online Report 2018-05-30 11:34:20

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Wednesday as investors are active on sector-wise stocks. Following the previous two days’ corr...

Country’s NFA rises 3.51pc in March

Country’s NFA rises 3.51pc in March

Jasim Uddin Haroon 2018-05-30 10:15:33

The latest statistics of the Bangladesh Bank (BB) shows that the country's Net Foreign Assets (NFA) registered a 3.51 per cent growth in March. The NFA used to expand at double-digit rates even two y...

Bangladesh may surpass India in three years

Bangladesh may surpass India in three years

-- 2018-05-30 00:08:57

Per capita income of Bangladesh may surpass the same of India within three years, according to an analysis of the Business Standard on India on Monday. "Per capita income (in dollar terms) in Banglad...

Stocks end lower for second day after bumpy ride

Stocks end lower for second day after bumpy ride

FE Online Report 2018-05-29 16:16:09

Stocks finished marginally lower for the second day in a row on Tuesday after volatile trading. After witnessing see-saw movement, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), settl...

ICB, its subsidiaries to waive 100pc interest on margin loans

ICB, its subsidiaries to waive 100pc interest on margin loans

FE Report 2018-05-29 12:09:15

Investment Corporation of Bangladesh (ICB) and its two subsidiaries will waive 100 per cent interest on the margin accounts of the 'affected' investors. The subsidiaries are ICB Capital Management...

Legacy Footwear's share price continues to soar sans PSI

Legacy Footwear's share price continues to soar sans PSI

FE Report 2018-05-29 12:07:40

The share price of Legacy Footwear continued to soar with no apparent reason. The price jumped 6.79 per cent further on Monday to close at Tk 88.10 each at the Dhaka bourse. The share soared more t...

BD’s per capita income may overtake India in three years

BD’s per capita income may overtake India in three years

FE Online Report 2018-05-29 11:55:12

Per capital income of Bangladesh may cross that of India within three years, according to an analysis of the Business Standard (BS). “Per capita income (in dollar terms) in Bangladesh is now gr...