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The Financial Express

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February net foreign funds in negative territory

February net foreign funds in negative territory

Babul Barman 2018-03-02 11:04:50

Net foreign investment in the Dhaka Stock Exchange (DSE) entered a negative territory in February, as the foreign fund managers went on a selling spree throughout the month amid political tension. Fo...

MoRTB seeks twice the planned allotment for FY19

MoRTB seeks twice the planned allotment for FY19

Munima Sultana 2018-03-02 09:53:13

Ministry of Road, Transport and Bridges (MoRTB) has placed almost double demand than the government's proposed allocation in the budget for the next fiscal year (FY), 2018-19, on the ground of keeping...

Remittance drops in February

Remittance drops in February

FE Report 2018-03-02 09:39:21

The flow of inward remittance dropped by nearly 17 per cent in February despite maintaining an upward trend in the first eight months of the current fiscal year (FY), officials said. Bangladeshi nati...

BD, Russia, India sign deal over Rooppur power plant construction

BD, Russia, India sign deal over Rooppur power plant construction

FE Online Report 2018-03-01 21:06:57

Bangladesh, Russia and India have signed a memorandum on trilateral cooperation in the implementation of the Rooppur Nuclear Power Plant (RNPP) construction project. Russia's State Atomic Energy Corp...

Bangladesh forerunner among South Asian countries in green RMG

Bangladesh forerunner among South Asian countries in green RMG

FE Online Report 2018-03-01 20:10:11

Bangladesh has taken the foremost position in sustainable green industrialisation in the readymade garment (RMG) sector with the sub-continental region’s highest number of 67 USGBC LEED certifie...

School banking deposits cross Tk 13b

School banking deposits cross Tk 13b

-- 2018-03-01 19:40:21

Deposits with the school banking accounts at commercial banks have crossed  Tk 13 billion (Tk 1,300 crore) at the end of December 2017 as this banking is gradually getting huge response from the...

Govt moves to supply uninterrupted power in southwest region

Govt moves to supply uninterrupted power in southwest region

-- 2018-03-01 18:22:46

People living in the country’s south-western part are going to get a relief from load-shedding and other power-related interruptions as four major projects involving over Tk 40 billion are being...

Stocks jump on buying spree

Stocks jump on buying spree

FE Online Report 2018-03-01 15:54:37

Stocks jumped on Thursday as optimistic investors went on buying spree, especially banking sector issues, amid dividend expectation. Brokers said the market rose sharply after two days slow trend a...

Top court upholds NBR decision to freeze Robi accounts

Top court upholds NBR decision to freeze Robi accounts

-- 2018-03-01 12:10:04

The Supreme Court has stayed for three days a High Court order, clearing the way for the government revenue authority to freeze all the bank accounts of Robi Axiata on charges of VAT evasion. A four-...

UK focusing more on Bangladesh: Blake

UK focusing more on Bangladesh: Blake

-- 2018-03-01 12:07:31

The United Kingdom (UK) is focusing more on Bangladesh and its economy as it moves on to become a middle-income country soon and aspires to be a developed one by 2041, said British High Commissioner A...

Linde BD recommends 140pc dividend

Linde BD recommends 140pc dividend

FE Online Report 2018-03-01 11:59:35

The board of directors of Linde Bangladesh Limited has recommended 140 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. However, the company&...

Stocks see positive trend in early trading

Stocks see positive trend in early trading

FE Online Report 2018-03-01 11:15:28

Stocks witnessed positive trend in early hour of trading on Thursday as investors are active on sector-wise stocks. Following the previous two days’ marginal gain, the Dhaka Stock Exchange (DSE...

NBR to focus on framing steady fiscal policies

NBR to focus on framing steady fiscal policies

FE Report 2018-03-01 10:33:37

From now on National Board of Revenue (NBR) will focus on framing consistent fiscal policies to attract more investment and collect more revenue, said its chief on Wednesday. "I hope from now on ther...

DSE board asks officials to reply 'professionally'

DSE board asks officials to reply 'professionally'

FE Report 2018-03-01 10:25:11

The Dhaka Stock Exchange (DSE) board of directors has asked its management to give reply 'professionally' to the regulator's queries on the Chinese consortium's proposal to be the bourse's strategic p...

MoF-BB joint body to recover Tk 96.69b from 25 top defaulters

MoF-BB joint body to recover Tk 96.69b from 25 top defaulters

FE Report 2018-03-01 10:13:13

A joint committee of the Ministry of Finance (MoF) and the Bangladesh Bank (BB) will be formed to realise Tk 96.69 billion from 25 top default companies. The main tasks of the proposed panel will be...

Launching of metro rail to miss target

Launching of metro rail to miss target

Munima Sultana 2018-03-01 09:51:26

Dhaka Mass Transit Company Limited (DMTCL) is struggling with contract package-7 of the metro rail project due to having only one firm out of four short-listed ones for holding financial negotiations,...

ADR process can reduce NPL: Experts

ADR process can reduce NPL: Experts

-- 2018-02-28 21:19:46

The Alternative Dispute Regulation (ADR) is essential in the commercial sector, including banks, to settle a large number of pending disputes and reduce a huge amount of Non-Performing Loan (NPL). Ex...

Call to curb inequalities to achieve SDGs

Call to curb inequalities to achieve SDGs

FE Online Report 2018-02-28 20:46:54

Inequalities in the society must be cubed to achieve sustainable development goals (SDGs) and the government should focus more on people’s interest in its FiveYear Plan. The observation came at...

ADB willing to finance second Padma Bridge

ADB willing to finance second Padma Bridge

-- 2018-02-28 20:35:11

The Asian Development Bank (ADB) is interested in financing a second Padma Bridge as well as other large-scale infrastructure projects if Bangladesh wants. ADB President Takehiko Nakao made the discl...

BB heist: Court seeks probe report on April 1

BB heist: Court seeks probe report on April 1

-- 2018-02-28 19:57:56

A court in Dhaka has asked to submit probe report on April 1 on the case filed over Bangladesh Bank reserve heist. Dhaka Metropolitan Magistrate AKM Moinuddin Siddique fixed the new date as the Crimi...

25 defaulters' loan amount reaches Tk 96.97b

25 defaulters' loan amount reaches Tk 96.97b

-- 2018-02-28 17:20:48

The amount of top 25 loan defaulter companies had reached to Tk 96.97 billion until September 2017, a Bangladesh Bank report revealed Wednesday. BB submitted the report to the parliamentary standin...

Bourses end marginally higher

Bourses end marginally higher

FE Online Report 2018-02-28 15:58:57

Bourses finished marginally higher for the second day in a row on Wednesday amid volatile trading as some investors continued on buying mood. However, majority of investors remained followed cautio...

Lafarge gets new name, trading code on Dhaka bourse

Lafarge gets new name, trading code on Dhaka bourse

FE Online Report 2018-02-28 14:34:28

Lafarge Surma Cement has had its name changed into LafargeHolcim Bangladesh and its trading code ‘LAFSURCEML’ into ‘LHBL’ on the main bourse, effective from Thursday. “...

GCF approves $25m to help women cope with climate change

GCF approves $25m to help women cope with climate change

-- 2018-02-28 13:59:09

The Green Climate Fund (GCF) has granted around $25 million to support a project designed to build the adaptive capacities of women and adolescent girls living in the southwestern districts of Banglad...

GlaxoSmithKline recommends 550pc cash dividend

GlaxoSmithKline recommends 550pc cash dividend

FE Online Report 2018-02-28 11:47:27

The board of directors of GlaxoSmithKline (GSK) has recommended 550 per cent cash dividend for the year ended December 31, 2017, said an official disclosure on Wednesday. The final approval of the di...

DSE, CSE witness downturn at opening

DSE, CSE witness downturn at opening

FE Online Report 2018-02-28 11:31:02

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading Wednesday as investors are on selling binge amid fresh concern over DSE strategic partner. The secur...

BSEC seeks clarification from DSE on some issues

BSEC seeks clarification from DSE on some issues

Mohammad Mufazzal 2018-02-28 10:28:26

The securities regulator sought clarification from the Dhaka Stock Exchange (DSE) Tuesday on some clauses of the Chinese consortium's proposal, submitted to the premier bourse to be its strategic part...

Further depreciation of BDT likely if trade deficit widens

Further depreciation of BDT likely if trade deficit widens

Syful Islam 2018-02-28 10:01:54

The ministry of finance (MoF) foresees the necessity of depreciating taka further if Bangladesh's external financial imbalance intensifies in the second half of this fiscal year, officials said. Taka...

Petrobangla to pass on high cost of LNG to consumers

Petrobangla to pass on high cost of LNG to consumers

M Azizur Rahman 2018-02-28 09:46:05

State-run Petrobangla would propose to raise natural gas tariff next week, aimed at passing a portion of the imported LNG cost on to the consumers. "We're working on it with a target of submitting th...

Formulation of LPG price policy underway: Nasrul

Formulation of LPG price policy underway: Nasrul

-- 2018-02-27 20:40:55

Formulation of liquid petroleum gas (LPG) price policy is underway keeping the interests of both importers and users. State Minister for Power, Energy and Mineral Resources Nasrul Hamid made the reve...