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The Financial Express

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Country-focused SEZs make little headway

Country-focused SEZs make little headway

Jasim Uddin Haroon and Jubair Hasan 2018-05-07 09:55:58

The government's initiative to develop country-specific special economic zones (SEZs) has so far made little headway, thus impeding efforts to help attract sizeable foreign investments. Though the Ba...

Govt's earning from DSE doubles in April

Govt's earning from DSE doubles in April

Babul Barman 2018-05-07 00:50:47

   The government's revenue earnings from the Dhaka bourse marked a 112 per cent rise month-on-month in April, 2018 with the increased trade volume. Market operators said the government ea...

Listed cement cos see moderate fall in Jan-Mar quarter earnings

Listed cement cos see moderate fall in Jan-Mar quarter earnings

Mohammad Mufazzal 2018-05-06 18:00:12

The earnings of listed cement companies declined moderately for January-March quarter of 2018 as compared to the same period of previous year as profit margins squeezed due to multiple reasons include...

IBN Sina completes sale of IBBL stake

IBN Sina completes sale of IBBL stake

FE Report 2018-05-06 17:56:29

IBN Sina Trust, one of the corporate sponsors of Islami Bank Bangladesh Limited (IBBL), has completed sale of its entire holdings in the company. Earlier on April 26, the trust expressed its intentio...

Experts paint dismal picture of land planning in country

Experts paint dismal picture of land planning in country

FE Report 2018-05-06 17:23:59

Planning experts at a programme on Saturday said Bangladesh could not bring even one per cent area under proper planning. Although it is claimed that 6.0 per cent of the country's land area has been...

Stocks inch down after volatile trading

Stocks inch down after volatile trading

FE Online Report 2018-05-06 16:25:50

Stocks finished slightly lower on Sunday after volatile trading as investors were active both sides of trading fence. Market operators said the market edged down as investors were busy with...

FDI from USA drops sharply

FDI from USA drops sharply

FE Online Report 2018-05-06 13:45:42

Net inflow of Foreign Direct Investment (FDI) from the United States of America (USA) to Bangladesh dropped by 23.50 per cent in 2017. Latest statistics, released by Bangladesh Bank, showed that net...

Most banks offer lower dividends in 2017

Most banks offer lower dividends in 2017

FE Report 2018-05-06 10:14:42

The board of directors of 16 banks, out of 30 listed banks, declared lower dividends for 2017 than that of the previous year as the profit margins declined due to huge provisioning. Only five banks d...

DCCI seeks cut in corporate tax, surcharge on net wealth

DCCI seeks cut in corporate tax, surcharge on net wealth

FE Report 2018-05-06 10:12:01

Dhaka Chamber of Commerce and Industry (DCCI) has urged the government to reduce corporate tax and surcharge on net wealth in the upcoming budget for the fiscal year (FY) 2018-19. It made the call fo...

Non-tax revenue sees negative growth in May-Feb

Non-tax revenue sees negative growth in May-Feb

Doulot Akter Mala 2018-05-06 10:09:54

The non-tax revenue dived even as the cumulative collection of domestic revenue grew 54.55 per cent to Tk 1.26 trillion in the eight months to February, the ministry of finance said. Tax, non-tax and...

Slow land dev delaying economic zones

Slow land dev delaying economic zones

Jasim Uddin Haroon and Jubair Hasan 2018-05-06 09:44:52

Land development and the construction of embankment have emerged as the most challenging task, raising fear about missing deadlines for the country's major economic zones. The problems pushed the bui...

Public subscription of SK Trims to start May 14

Public subscription of SK Trims to start May 14

FE Report 2018-05-05 16:46:43

The public subscription of SK Trims and Industries will start on May 14 and will be continued till May 22. SK Trims, which received BSEC approval in February, is set to collect Tk 300 million through...

BB suggests floating bonds, instead of bank loans

BB suggests floating bonds, instead of bank loans

Syful Islam 2018-05-05 16:08:01

The Bangladesh Bank (BB) has identified three reasons for finding alternative sources of long-term financing instead of the banking system. "Arranging long-term fund through floating corporate bonds,...

FDI from India hits record high

FDI from India hits record high

FE Online Report 2018-05-05 13:33:47

Net inflow of Foreign Direct Investment (FDI) from India to Bangladesh rose by 44.76 per cent in the past year, central bank statistics showed. The Bangladesh Bank data showed that the FDI from the n...

Stocks nosedive as large-cap issues tumble

Stocks nosedive as large-cap issues tumble

FE Online Report 2018-05-05 10:20:17

The benchmark index of the Dhaka bourse fell below 5,700-mark last week that ended Thursday as selling spree gripped the investors. Banking and telecom issues mostly faced the onslaught of selling pr...

Central bank’s combat plan takes shape by August

Central bank’s combat plan takes shape by August

Rezaul Karim 2018-05-05 09:53:36

Bangladesh Bank (BB) expects to unveil a three-year national strategy by August next aiming to take necessary actions against financial crimes, officials said. A draft roadmap for formulating 'nation...

Delay in approval affects third Indian LoC project execution

Delay in approval affects third Indian LoC project execution

FHM Humayan Kabir 2018-05-05 09:49:34

Project implementation under the latest $4.5 billion Indian line of credit (LoC) is getting affected at the beginning stage, as New Delhi is not approving three development projects under the third...

High interest rates hurting the poor: speakers

High interest rates hurting the poor: speakers

-- 2018-05-04 19:21:42

High interest rate is hurting the poor and banking sector is going through turmoil, said speakers at a discussion on Friday.   They also underscored the need for steps to overcome its challenges...

Political stability big challenge to continue growth: ADB 

Political stability big challenge to continue growth: ADB 

-- 2018-05-04 18:29:01

The Asian Development Bank (ADB) has said maintaining political stability in Bangladesh remains a big challenge for the country to continue the current development trend. "It's a big challenge for B...

Climate-smart farming can help tackle food security challenges

Climate-smart farming can help tackle food security challenges

FE Report 2018-05-04 16:44:32

Experts at a programme Thursday stressed the need for following open trade policies and focusing more on climate-smart agriculture to address the food security challenges. They criticised the dual po...

Net foreign fund at DSE sinks in April

Net foreign fund at DSE sinks in April

FE Online Report 2018-05-04 12:33:34

The net foreign investment in the Dhaka bourse turned negative in April, after a month's break, as the foreign fund managers followed a 'go-slow' strategy. The overseas investors collected shares wor...

BRAC Bank's Q1 post-tax profit grows by 9.0pc

BRAC Bank's Q1 post-tax profit grows by 9.0pc

FE Report 2018-05-04 12:26:21

BRAC Bank Managing Director and Chief Executive Officer Selim RF Hussain, Deputy Managing Director and Chief Financial Officer A K Joaddar and Head of Treasury and FI Md Shaheen Iqbal seen at the ba...

BSEC approves Chinese Consortium’s bid, finally

BSEC approves Chinese Consortium’s bid, finally

Mohammad Mufazzal 2018-05-04 10:26:40

The securities regulator has finally approved the proposal made by a Chinese consortium for being the strategic partner of Dhaka Stock Exchange (DSE). The approval came Thursday at a meeting held at...

ADB to continue support for BD, says its chief

ADB to continue support for BD, says its chief

S M Jahangir from Manila 2018-05-04 10:01:55

Asian Development Bank (ADB) President Takehiko Nakao has said the Bank will continue its support for Bangladesh for its future economic development. Also lauding Bangladesh's ongoing economic growth...

BB seeks Tk 6.0b to finance farm projects under EEF

BB seeks Tk 6.0b to finance farm projects under EEF

Syful Islam 2018-05-04 09:55:00

The Bangladesh Bank (BB) has sought an allocation of Tk 6.0 billion for its Equity and Entrepreneurship Fund (EEF) in the fiscal year of 2019 to finance agro-based projects, officials said. Presently...

BSEC clears China bourses’ bid to buy 25pc of DSE

BSEC clears China bourses’ bid to buy 25pc of DSE

-- 2018-05-03 20:39:52

Bangladesh Securities and Exchange Commission (BSEC) has approved a joint offer by China’s Shenzhen and Shanghai bourses to buy 25 per cent of Dhaka Stock Exchange (DSE). The SEC gave the appro...

Rising trend of inward remittance continues in April

Rising trend of inward remittance continues in April

FE Online Report 2018-05-03 18:58:50

The upward trend of inward remittances continued in April following stable exchange of local currency against the US dollar, officials said. The remittance inflow was estimated at $1.33 billion in Ap...

DSEX dips below 5,700-mark as bank, GP shares tumble

DSEX dips below 5,700-mark as bank, GP shares tumble

FE Online Report 2018-05-03 17:49:13

Stocks witnessed yet another bearish session on Thursday with the key index of the Dhaka Stock Exchange (DSE) dipping below 5,700-mark as investors went on selling spree, especially bank and telecom i...

DSEX dips below 5,700-mark on bearish trend

DSEX dips below 5,700-mark on bearish trend

FE Online Report 2018-05-03 15:48:48

Stocks witnessed yet another bearish session on Thursday with the key index of the Dhaka Stock Exchange (DSE) dipping below 5,700-mark as investors went on selling spree, especially bank and telecom i...

Eight more Insurance companies recommend dividends

Eight more Insurance companies recommend dividends

FE Online Report 2018-05-03 13:15:47

The boards of directors of eight more insurance companies have recommended dividends ranging from 10 per cent to 18 per cent for the year ended on December 31, 2017, said separate official disclosures...