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The Financial Express

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China to develop industrial zone in Ctg

China to develop industrial zone in Ctg

-- 2018-04-05 13:19:55

China is developing a 750-acre industrial park in Bangladesh which will largely be used by Chinese manufacturing firms, a Chinese official said on Wednesday, part of its push to expand links with Sout...

Monno Stafflers share hits two-year high sans PSI

Monno Stafflers share hits two-year high sans PSI

FE Report 2018-04-05 12:24:16

The share price of Monno Jute Stafflers is soaring without any price sensitive information (PSI) as the company's price surged further by 7.50 per cent Wednesday. In last five trading days, the compa...

BRAC Bank records 35pc profit growth in 2017

BRAC Bank records 35pc profit growth in 2017

FE Desk 2018-04-05 10:56:16

BRAC Bank has recorded a growth of nearly 35 per cent in year-on-year consolidated net profit in 2017 over last year. The bank reported a consolidated net profit after tax of BDT 5,498 million in 201...

Standard Bank recommends 10pc stock dividend

Standard Bank recommends 10pc stock dividend

FE Online Report 2018-04-05 10:48:53

The board of directors of Standard Bank Limited 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...

Premier Bank recommends 15pc stock dividend

Premier Bank recommends 15pc stock dividend

FE Online Report 2018-04-05 10:47:59

The board of directors of Premier Bank Limited has recommended 15 per cent stock dividend for the year ended on December 31, 2017. The final approval of the dividend will come during the annual gener...

HC stays Indo-Bangla Pharma IPO for six months

HC stays Indo-Bangla Pharma IPO for six months

FE Report 2018-04-05 10:27:38

The High Court (HC) has stayed the IPO (initial public offering) process of Indo-Bangla Pharmaceuticals Limited for six months as four directors of the company are 'loan defaulters' as guarantors, a j...

NOAB demands keeping print media out of tax net

NOAB demands keeping print media out of tax net

FE Report 2018-04-05 10:05:16

Newspaper owners on Wednesday proposed the government to keep the print media out of tax net considering it a "sick" industry, which would perish gradually with the expansion of digital media. The le...

Banking sector growth likely to decline in FY ’18

Banking sector growth likely to decline in FY ’18

 FHM Humayan Kabir 2018-04-05 09:31:15

A number of scams along with troubles of varying nature have hit the growth of the country's banking sector, as its expansion rate is likely to drop by 1.32 percentage points in the current fiscal yea...

BD to get 85.11m euro from IDB for rural, peri-urban housing

BD to get 85.11m euro from IDB for rural, peri-urban housing

-- 2018-04-04 19:32:00

Bangladesh will receive 85.11 million Euro in loan from the Islamic Development Bank (IDB) for rural and peri-urban housing. Bangladesh signed a loan agreement with this Jeddah-based lending agency o...

DSE, CSE end flat after bumpy ride

DSE, CSE end flat after bumpy ride

FE Online Report 2018-04-04 15:53:05

Stocks ended almost flat Wednesday with turnover falling further as investors were active on both sides of the trading fence. Analysts said the market ended flat after high volatility as a section of...

Many businesses balk at paying  VAT unlike income tax: NBR chief

Many businesses balk at paying VAT unlike income tax: NBR chief

FE Online Report 2018-04-04 15:49:52

Many business entities are reluctant to pay VAT (value added tax) to the government exchequer as it is yet to get acceptance like income tax, National Board of Revenue (NBR) chairman Md Mosharraf Hoss...

Road ministry seeks 74pc higher fund

Road ministry seeks 74pc higher fund

FHM Humayan Kabir 2018-04-04 12:29:37

The ministry of road transport and bridges has sought Tk 430.48 billion in the next development budget, up 74 per cent it received in the last fiscal year. In the last financial year of 2017-18, the...

BB cuts banks’ CRR, effective from Apr 15

BB cuts banks’ CRR, effective from Apr 15

FE Report 2018-04-04 12:24:20

The central bank of Bangladesh slashed on Tuesday the cash reserve requirement (CRR) by 1.0 percentage point to 5.50 per cent, enabling all the scheduled banks to use Tk 101 billion worth of additiona...

Bourses see upward trend in early trading

Bourses see upward trend in early trading

FE Online Report 2018-04-04 12:19:03

The prices of most of the stocks saw upward trend in early trading Wednesday, as investors are active on specific stocks encouraged by the government’s steps to ease the ongoing liquidity crun...

Economy encountering money market, BoP imbalances

Economy encountering money market, BoP imbalances

Asjadul Kibria 2018-04-04 12:17:15

The ongoing chaos in the country's financial market is the manifestation of inefficiency in managing the macro-economy, economists said. They warned that measures taken lately to shore up liquidity i...

DSE backs corporate tax cut demand

DSE backs corporate tax cut demand

FE Report 2018-04-04 12:10:14

The government is willing to reduce the corporate tax rates in line with the proposals coming from various quarters. "The government wants to slash the corporate tax rates, but it's not certain when...

Takaful Insurance recommends 11pc dividend

Takaful Insurance recommends 11pc dividend

FE Online Report 2018-04-04 11:13:35

The board of directors Takaful Insurance has recommended 5.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday. The final...

Export earnings decline by 1.38pc in March

Export earnings decline by 1.38pc in March

FE Report 2018-04-04 00:33:59

The country's export earnings in March dropped by 1.38 per cent to $3.05 billion, compared to the corresponding month of last calendar year, according to officials data released on Tuesday. In March...

BB fixes fees against loans for financial institutions

BB fixes fees against loans for financial institutions

-- 2018-04-03 18:13:17

Bangladesh Bank (BB) has fixed fees against credit or lease for all financial institutions (FIs). As per a circular issued by the central bank on Monday, the fees for all FIs against loans will be th...

ECNEC approves 10 projects worth Tk 34.16b

ECNEC approves 10 projects worth Tk 34.16b

FE Online Report 2018-04-03 17:58:41

The Executive Committee of the National Economic Council (ECNEC) approved 10 projects at a combine cost of Tk 34.16 billion at its meeting Tuesday. Prime Minister Sheikh Hasina presided over the meet...

HC asks eight to surrender over 1996 stock scam

HC asks eight to surrender over 1996 stock scam

-- 2018-04-03 17:22:34

The High Court has ordered eight directors of two companies to surrender before the trial court in two cases filed over the 1996 share market scam. The HC bench of Justice Md Rais Uddin passed the or...

Stocks retreat on profit booking

Stocks retreat on profit booking

FE Online Report 2018-04-03 15:46:18

Stocks drifted lower Tuesday, snapping a three-day winning streak, as risk-averse investors opted to book quick gain. Market operators said the market returned to the red as retail investors went f...

DCCI proposes NBR to slash corporate tax rates

DCCI proposes NBR to slash corporate tax rates

FE Online Report 2018-04-03 15:37:14

The Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday proposed the revenue authority to slash corporate tax rates in phases for listed and non-listed companies in the upcoming budget. The ch...

Bangladesh estimates 7.65pc growth for FY18

Bangladesh estimates 7.65pc growth for FY18

-- 2018-04-03 14:25:28

Bangladesh has estimated that per capita income will rise to $1,752 in the current fiscal year (FY) ending Jun 30 from $1,610 a year ago. Planning Minister AHM Mustafa Kamal revealed the information...

Export earnings up by 6.33pc in nine months

Export earnings up by 6.33pc in nine months

FE Online Report 2018-04-03 14:06:47

The country's export earnings maintained a moderate growth of 6.33 per cent during the first nine months of the current fiscal year (FY), 2017-18. The export earnings stood at US$27.45 billion during...

Beximco Pharma completes acquisition of Nuvista Pharma

Beximco Pharma completes acquisition of Nuvista Pharma

FE Online Report 2018-04-03 13:05:00

Beximco Pharmaceuticals has completed accusation of 85.22 per cent stake in Nuvista Pharma to strengthen its position in hormones and steroids segments. “The board of directors of Beximco Pharm...

Stocks soar on buying spree at opening

Stocks soar on buying spree at opening

FE Online Report 2018-04-03 11:33:39

The prices of most of the stocks witnessed positive trend in early trading Tuesday, as investors continued their buying spree encouraged by the government’s steps to ease the ongoing liquidity...

Intraco Refuelling to hold IPO lottery Apr 17

Intraco Refuelling to hold IPO lottery Apr 17

FE Online Report 2018-04-03 11:27:46

The initial public offering (IPO) lottery of Intraco Refuelling Station will be held on April 17 to allocate 30 million ordinary shares among the successful applicants, officials said. The lottery...

Bashundhara Paper’s IPO subscription to begin April 26

Bashundhara Paper’s IPO subscription to begin April 26

FE Report 2018-04-03 10:30:45

Public subscription of Bashundhara Paper Mills is set to begin on April 26 for raising Tk 2.0 billion from the capital market under the book-building method. Bashundhara Paper Mills received the re...

Remittance inflow rebounds

Remittance inflow rebounds

FE Report 2018-04-03 09:47:46

The flow of inward remittance bounced back in March after a falling trend in the previous month, as the exchange rate of the local currency maintained stability against the US dollar, officials said....