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The Financial Express

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Tk 50b project to end Ctg water-logging starts

Tk 50b project to end Ctg water-logging starts

-- 2018-04-28 15:58:34

The Chittagong Development Authority or CDA has launched a Tk 50 billion mega project aimed at easing water-logging from the next monsoon season. “The city is going to see visible change in wat...

BD’s dependence on commodity export, import low

BD’s dependence on commodity export, import low

FE Online Report 2018-04-28 15:15:22

Bangladesh is one of the 32 developing countries classified as both the ‘low commodity-export-dependent’ and ‘low commodity-import- dependent’.  The Commodities and Deve...

Transport and communication growth likely to decline

Transport and communication growth likely to decline

FE Online Report 2018-04-28 14:02:18

Growth of the transport, storage, and communication sector is likely to decline in the current fiscal year (FY 2017-18), according to the provisional estimation of the Bangladesh Bureau of Statistics...

Stocks face mild correction on profit booking

Stocks face mild correction on profit booking

-- 2018-04-28 11:36:07

The prime index of the Dhaka Stock Exchange (DSE) witnessed a mild correction last week that ended Thursday as risk-averse investors booked profit on sector-wise stocks. Market operators said the mar...

Country getting ready for post-LDC trade benefits

Country getting ready for post-LDC trade benefits

Syful Islam 2018-04-28 09:48:00

As Bangladesh is poised to graduate to a developing country, the government is getting prepared to claim new facilities in the global market, officials said. The national committee on export, heade...

BRAC Bank holds 19th AGM,10th EGM

BRAC Bank holds 19th AGM,10th EGM

-- 2018-04-27 22:09:52

The shareholders of BRAC Bank Limited approved 25% stock dividend for the year 2017 at the 19th Annual General Meeting (AGM) of the Bank held at BRAC-CDM, Savar Thursday, said a statement. Prior to t...

Vietnam eager to enhance cooperation with Bangladesh

Vietnam eager to enhance cooperation with Bangladesh

-- 2018-04-27 21:14:06

Vietnam is keen to develop its friendship and cooperation with Bangladesh and the two countries can share experience in economic development, poverty reduction and gender equality promotion. Vice Pre...

China confirms $2.67b loan for Padma rail link project

China confirms $2.67b loan for Padma rail link project

FE Online Report 2018-04-27 18:54:49

China has confirmed US$2.67 billion loan for the Padma railway link construction project of Bangladesh. To this end, an agreement was signed between the two sides on Friday at EXIM Bank of China's he...

Gender budget will lead to empowerment

Gender budget will lead to empowerment

FE Report 2018-04-27 11:15:30

Speakers at a pre-budget discussion called for stepping up monitoring of implementation of the gender responsive budget to help ensure women empowerment in the country. They also called for increasin...

BSEC approves three draft rules

BSEC approves three draft rules

FE Report 2018-04-27 11:02:35

The securities regulator on Thursday approved the drafts of three rules and regulations prepared for brining changes in the existing ones. The approvals came at a meeting at the office of Banglades...

DSE, CSE trading close on Sunday

DSE, CSE trading close on Sunday

FE Desk 2018-04-27 11:00:03

There will be no trading at the DSE and CSE on Sunday as it will be a public holiday on the occasion of Buddha Purnima, according to the stock exchanges. The offices of the stock exchanges will al...

Shahjalal Bank to issue Tk 6.0b bond

Shahjalal Bank to issue Tk 6.0b bond

FE Report 2018-04-27 10:57:28

Shahjalal Islami Bank Limited (SJIBL) Chairman Akkas Uddin Mollah presiding over the 263rd meeting of the bank's board of directors at its head office in the city recently, while the board members a...

Twelve more cos recommend dividends

Twelve more cos recommend dividends

FE Report 2018-04-27 10:47:51

The board of directors of 12 more listed companies, including four banks, have recommended dividends for the year ended on December 31, 2017. Of them, six companies recommended lower dividends than t...

Central bank devising collateral database to stem doc forgery

Central bank devising collateral database to stem doc forgery

FE Report 2018-04-27 09:39:49

The central bank has started the process of developing a collateral database in order to prevent document forgery and corruption during sanctioning loans, officials said. "We've taken the moves to ch...

Short-term foreign loans for industrialisation not very effective: Study

Short-term foreign loans for industrialisation not very effective: Study

FE Online Report 2018-04-26 19:37:38

A study on Bangladesh’s banking sector says the country’s short-term foreign loans for industrialisation are not very efficient compared to that of long-term borrowings. The Bangladesh In...

Social Islami Bank recommends 10pc stock dividend

Social Islami Bank recommends 10pc stock dividend

FE Online Report 2018-04-26 17:00:41

The board of directors of Social Islami Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The final approval of the div...

Three more listed banks recommend dividend

Three more listed banks recommend dividend

FE Online Desk 2018-04-26 12:26:44

The board of directors of three more listed banks –Islami Bank Bangladesh, Exim Bank, and Shahjalal Islami Bank –have recommended dividend for the year ended on December 31, 2017. Of th...

Paramount Ins recommends 10pc dividend

Paramount Ins recommends 10pc dividend

FE Online Report 2018-04-26 12:22:48

The board of directors of Paramount Insurance Company has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The final decision o...

Pioneer Ins, Eastern Ins, Rupali Ins recommend dividend

Pioneer Ins, Eastern Ins, Rupali Ins recommend dividend

FE Online Report 2018-04-26 12:16:37

The board of directors of three more insurance companies—Pioneer Insurance, Eastern Insurance and Rupali Insurance Company –have recommended dividend for the year ended on December 31, 2...

Marico recommends 100pc dividend

Marico recommends 100pc dividend

FE Online Report 2018-04-26 12:14:59

The board of directors of Marico Bangladesh has recommended 100 per cent final cash dividend (total 600 per cent cash dividend for the financial year 2017-2018 inclusive 500 per cent interim cash di...

Federal Insurance recommends 5.0pc dividend

Federal Insurance recommends 5.0pc dividend

FE Online Report 2018-04-26 12:08:14

The board of directors of Federal Insurance Company Limited has recommended 5.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The final app...

BGIC recommends 10pc cash dividend

BGIC recommends 10pc cash dividend

FE Online Report 2018-04-26 12:02:43

The board of directors of Bangladesh General Insurance Company (BGIC) has recommended 10 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The f...

Stocks nudge higher at opening

Stocks nudge higher at opening

FE Online Report 2018-04-26 11:34:05

Stocks nudged higher at the early hour of trading Thursday as some investors are active on sector-wise stocks amid ongoing quarterly earnings declaration. Following the previous day’s positiv...

Phoenix Finance recommends 20pc cash dividend

Phoenix Finance recommends 20pc cash dividend

FE Online Report 2018-04-26 10:23:36

The board of directors of Phoenix Finance and Investment Limited has recommended 20 per cent cash dividend for the year ended on December 31, 2017. The final approval of the dividend will come during...

BSEC to include suggestions from trade, corporate bodies

BSEC to include suggestions from trade, corporate bodies

FE Desk 2018-04-26 10:16:26

Bangladesh Securities and Exchange Commission (BSEC) will finally incorporate the rational suggestions in the draft Code of Corporate Governance (CCG), proposed by the different trade and corporate...

Padma Bridge land acquisition: Ministry sticks to demand for addl fund

Padma Bridge land acquisition: Ministry sticks to demand for addl fund

FHM Humayan Kabir 2018-04-26 10:02:49

Road Transport and Bridges Ministry is sticking to its demand for an additional allocation of Tk 14 billion to acquire more land for the Padma Bridge project despite reservation expressed by a gover...

RJSC seeks info on default loan status from BB

RJSC seeks info on default loan status from BB

FE Report 2018-04-26 09:52:34

The Office of the Registrar of Joint Stock Companies and Firms (RJSC) has sought information on default loans urgently from the central bank for checking loan portfolio of aspirant directors of regist...

FDI flow drops by 7.7pc last year

FDI flow drops by 7.7pc last year

Asjadul Kibria 2018-04-26 09:37:17

Net inflow of foreign direct investment in the country declined by 7.72 per cent last year, with officials attributing the drop-off to geo-political tension, the central bank has said. Statistics ava...

FSIBL recommends 10pc stock dividend

FSIBL recommends 10pc stock dividend

FE Online Report 2018-04-25 17:11:14

The board of directors of First Security Islami Bank Limited has recommended 10 per cent stock dividend for the year ended on December 31, 2017. An official disclosure on Wednesday said, the final ap...

Stocks return to green snapping three-day losing streak

Stocks return to green snapping three-day losing streak

FE Online Report 2018-04-25 17:03:39

Stocks returned to the green on Wednesday, snapping a three-day losing, as some investors went on late hours buying spree on sector-wise stocks. Dealers said the market rebounded as optimistic invest...