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The Financial Express

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State lenders to give Farmers Bank Tk 7.15b lifeline

State lenders to give Farmers Bank Tk 7.15b lifeline

Siddique Islam 2018-03-30 09:56:50

Four state-owned commercial banks (SoCB) and a financial institution will inject Tk 7.15 billion as equity into the troubled Farmers Bank Limited in an attempt to salvage it. Managing directors and c...

FBCCI for VAT, tax to be reflected in budget

FBCCI for VAT, tax to be reflected in budget

FE Online Report 2018-03-29 21:57:00

The Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) wants business community’s proposals relating to value added tax (VAT), import duty and income tax to be reflected in the...

Stocks rebound strongly after three-day slump

Stocks rebound strongly after three-day slump

FE Online Report 2018-03-29 17:24:40

Stocks rebounded strongly Thursday, with core index of the Dhaka bourse soaring nearly 2.0 per cent, powered by investors’ buying spree on large-cap stocks. Market insiders said the market rebo...

Stocks rebound after three-day slump

Stocks rebound after three-day slump

FE Online Report 2018-03-29 15:47:03

Stocks rebounded strongly Thursday, with core index of the Dhaka bourse soared nearly 2.0 per cent, powered by investors’ buying spree on large-cap stocks. Market insiders said the market reb...

Bourses advance with upbeat note

Bourses advance with upbeat note

FE Online Report 2018-03-29 12:26:47

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Thursday as investors are action on sector-wise issues amid ongoing dividend declaration session. Fo...

BSEC allows bond issue of two banks

BSEC allows bond issue of two banks

FE Online Report 2018-03-29 11:45:28

The capital market regulator has allowed raising capital through issuance of subordinated bond of two private commercial banks –Dhaka Bank and Jamuna Bank -amounting to Tk 5.0 billion each. The...

Top 10 turnover leaders capture 28pc value

Top 10 turnover leaders capture 28pc value

FE Report 2018-03-29 10:28:00

The top 10-traded companies accounted for more than 28 per cent transaction of the Dhaka bourse Wednesday, with Renata topping the chart. Analysts said investors were mostly active on fundamentally...

SoEs may be allowed to deposit 60pc with public banks, 40pc with PCBs

SoEs may be allowed to deposit 60pc with public banks, 40pc with PCBs

Siddique Islam 2018-03-29 09:31:54

The government is likely to relax the policy to allow its agencies so that they can deposit more funds with the private commercial banks (PCBs) to help mitigate the ongoing liquidity crunch. Under th...

Builders scale down work, spending on Padma Bridge

Builders scale down work, spending on Padma Bridge

FHM Humayan Kabir 2018-03-29 09:19:24

The project-execution agency seeks a pared-down Tk 43.95-billion fund from the government in the upcoming budget for the Padma Multipurpose Bridge as construction work decelerated, sources said. At t...

Bourses keep losing amid dull trading

Bourses keep losing amid dull trading

FE Online Report 2018-03-28 15:57:20

Stocks ended marginally lower Wednesday, extending the losing spell for the three consecutive sessions as investors kept their cautiousness intact. After observing the previous two days’ stee...

Sri Lanka for stronger ties with Bangladesh to boost commerce

Sri Lanka for stronger ties with Bangladesh to boost commerce

FE Online Desk 2018-03-28 13:39:10

Sri Lanka has shown keen interest in enhancing connectivity with Bangladesh especially in maritime and air links to boost bilateral trade and investments between the two South Asian countries. Rishad...

Prime Finance recommends no dividend

Prime Finance recommends no dividend

FE Online Report 2018-03-28 12:23:33

The board of directors of Prime Finance & Investment has recommended no dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday. With this year, the non-bank...

FAS Finance recommends 10pc dividend

FAS Finance recommends 10pc dividend

FE Online Report 2018-03-28 11:52:10

The board of directors of FAS Finance & Investment has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday. The final approv...

Bourses witness upturn at opening

Bourses witness upturn at opening

FE Online Report 2018-03-28 11:42:27

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Wednesday as investors are action on sector-wise issues amid ongoing dividend declaration session. Fol...

Insurance expert sees BD crops as a good bet

Insurance expert sees BD crops as a good bet

-- 2018-03-28 10:23:36

Keith Richards, Managing Director of Engagement and CEO of Personal Finance Society, Chartered Insurance Institute (UK), is a recognised leader within the financial services sector with 30 years' expe...

Open-ended MFs boom as bourses stay bearish

Open-ended MFs boom as bourses stay bearish

Jasim Uddin Haroon 2018-03-28 10:00:51

By a seeming contrast to a bearish run of Bangladesh's bourses, trading in open-ended mutual funds finds an exponential growth, with the number of investors in ICB tools showing a boom. The Investmen...

Nine banks suffer Tk 194.67b capital shortfall in 2017

Nine banks suffer Tk 194.67b capital shortfall in 2017

Siddique Islam 2018-03-28 09:25:32

Nine banks, six owned by government, suffered an aggregate capital shortfall worth over Tk 194.67 billion in the last calendar year mainly as their swelling classified loans took a toll. Sources in t...

DSEX dips below 5,500-mark

DSEX dips below 5,500-mark

FE Online Report 2018-03-27 15:45:34

Stocks witnessed yet another bearish session Tuesday, with prime index of the major bourse dipping below the 5,500-mark after more than nine months. Market operators said investors’ conf...

Bangladesh to be hunger-free by 2030: Speakers

Bangladesh to be hunger-free by 2030: Speakers

FE Online Report 2018-03-27 15:02:57

Bangladesh would be a zero-hunger country by 2030 overcoming all odds and obstacles, speakers made the remark in a seminar held on Tuesday. Challenges are huge to achieve the Sustainable Developmen...

Appollo Ispat’s IPO project to start operation April 1

Appollo Ispat’s IPO project to start operation April 1

FE Online Report 2018-03-27 13:14:18

The commercial operation of Appollo Ispat’s environment-friendly IPO project will start from April 1, according to an official disclosure on Tuesday. The company has informed that the most ad...

Share prices of two cos soaring sans PSI

Share prices of two cos soaring sans PSI

FE Online Report 2018-03-27 11:42:36

Share prices of two companies – Wata Chemicals and Salvo Chemical Industries are soaring without any price sensitive information (PSI). In the last seven days, the share price of Wata Chemicals...

Bourses see downturn at opening

Bourses see downturn at opening

FE Online Report 2018-03-27 11:31:56

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading Tuesday as investors mostly followed cautious stance amid ongoing dividend declaration session. Foll...

IPO subscription of Indo-Bangla Pharma to begin April 8

IPO subscription of Indo-Bangla Pharma to begin April 8

FE Report 2018-03-26 10:27:03

The initial public offering subscription of Indo-Bangla Pharmaceuticals is set to begin on April 8 while public subscription of Intraco Refueling Station will be ended tomorrow (Tuesday). Indo-Bangla...

BB issues new rules on hiring CFO, CITO for banks

BB issues new rules on hiring CFO, CITO for banks

FE Report 2018-03-26 10:00:07

The central bank has introduced a new set of regulations on appointment of chief financial officer (CFO) and chief information technology officer (CITO) of the banks to ensure good governance in the b...

Biman starts 3rd weekly Jeddah flight from Chittagong

Biman starts 3rd weekly Jeddah flight from Chittagong

-- 2018-03-26 09:53:48

Biman Bangladesh Airlines Sunday started operation of its third weekly flight to Jeddah from port city Chittagong. The national flag carrier's flight no BG 135 took off Hazrat Shah Amanat Internation...

Govt to introduce E-chalan to collect VAT, tax

Govt to introduce E-chalan to collect VAT, tax

-- 2018-03-26 09:49:03

The government will introduce E-chalan soon for collection of VAT and income tax. Finance secretary Muslim Chowdhury  informed the media this at city function Sunday to inaugurated 'e-chalan' ....

$51m Kuwait fund for urban development

$51m Kuwait fund for urban development

-- 2018-03-25 19:40:17

The Kuwait Fund for Arab Economic Development (KFAED) will provide US$ 51 million loan to Bangladesh for urban infrastructure development in 51 municipalities in the northern region. The loan agreeme...

DSE team meets BSEC chair

DSE team meets BSEC chair

FE Online Desk 2018-03-25 14:00:59

A delegation of Dhaka Stock Exchange (DSE) met the chairman of BSEC, Prof Khairul Hossain Sunday at his office in the city, said a press release. The DSE delegation included the newly-elected share...

DSE, CSE open week on optimistic note

DSE, CSE open week on optimistic note

FE Online Report 2018-03-25 11:49:02

The prices of most of the shares on both bourses witnessed an upward trend in early hour of trading on Sunday as investors were active on sector-wise stocks amid optimism. Following the previous week...

Mercantile Bank recommends 22pc dividend

Mercantile Bank recommends 22pc dividend

FE Online Report 2018-03-25 11:47:04

The board of directors of Mercantile Bank has recommended 17 per cent cash dividend and 5.0 per cent stock dividend for the year ended on December 31, 2017. The final approval of the dividend will co...