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The Financial Express

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Speakers emphasise on importance of Electronic Payments

Speakers emphasise on importance of Electronic Payments

FE Online Desk 2018-02-27 19:49:44

Speakers at a seminar have discussed the present status of the e-commerce industry in Bangladesh and stressed on the importance of Electronic Payments to flourish the industry. They also discussed th...

Unemployed youths getting training, financial support: Biren

Unemployed youths getting training, financial support: Biren

FE Online Report 2018-02-27 18:24:20

Unemployed youths are getting training and financial supports as government aims to make Bangladesh a middle income country by 2021. After getting training on various topics, youths can get loan up t...

Govt steps in to build barbed-wire fence along borders

Govt steps in to build barbed-wire fence along borders

FE Online Report 2018-02-27 17:48:24

The government has taken a move to construct barbed-wire fence along bordering areas to secure Border Outposts (BoPs) and frontiers with neighbouring India and Myanmar. The Executive Committee of the...

Sinobangla now in “A” category

Sinobangla now in “A” category

FE Online Report 2018-02-27 16:30:44

Sinobangla Industries Limited will be placed in “A” category from existing “Z” category with effect from tomorrow (Wednesday). The plastic packaging manufacturer company ung...

Stocks break seven-day losing streak

Stocks break seven-day losing streak

FE Online Report 2018-02-27 15:57:08

Stocks returned to the green territory on Tuesday, snapping the substantial losses in the past seven days, supported by large-cap stocks. Brokers said the market backed to green as investors are ta...

Bangladesh's banking sector placed In BICRA Group '8'

Bangladesh's banking sector placed In BICRA Group '8'

FE Online Desk 2018-02-27 12:22:23

SINGAPORE (S&P Global Ratings) Feb. 27--S&P Global Ratings placed Bangladesh in group '8' under its Banking Industry Country Risk Assessment (BICRA) in a report, titled "Banking Industry C...

Summit Group plans Singapore listing for power unit by April

Summit Group plans Singapore listing for power unit by April

FE Online Desk 2018-02-27 11:47:21

SINGAPORE (Reuters) - Electricity producer Summit Power International plans to list on the Singapore Exchange Ltd (SGX) by April, what is...

Stocks open positive in early trading

Stocks open positive in early trading

FE Online Report 2018-02-27 11:29:33

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading on Tuesday as some investors are active on sector-wise stocks. Following the previous seven days&rsq...

AIIB to give $60m for 220-MW plant in Bhola

AIIB to give $60m for 220-MW plant in Bhola

FE Report 2018-02-27 10:44:12

China-backed Asian Infrastructure Investment Bank (AIIB) is set to provide US$ 60 million for constructing a 220-megawatt (MW) combined cycle power plant in the southern district of Bhola. The board...

Growth of currency outside banks triggers concern

Growth of currency outside banks triggers concern

Siddique Islam 2018-02-27 09:13:28

The volume of currency outside the banking system has grown significantly in recent months ahead of the national elections, raising suspicion about the use of such money. The currency outside the b...

Seven banks facing capital crisis of Tk 94.14b

Seven banks facing capital crisis of Tk 94.14b

-- 2018-02-26 21:55:08

There is a total deficit of Tk 94.14 billion in seven banks, four government and three private, in the country. Finance Minister AMA Muhith said it at the parliament on Monday while responding to a s...

Food price marks rise in FY18, admits Muhith

Food price marks rise in FY18, admits Muhith

-- 2018-02-26 19:41:43

Food prices marked a rise in the first quarter of current fiscal FY18, admitted Finance Minister AMA Muhith on Monday. He made the statement while placing the report on budget implementation progress...

Al-Arafah Islami Bank organises training programme

Al-Arafah Islami Bank organises training programme

FE Online Report 2018-02-26 18:33:03

Al-Arafah Islami Bank Training & Research Institute (AIBTRI) has organised a week-long training course on ‘Investment Operation & Management’. The course was started from Monday t...

Two candidates to vie for DSE directorship

Two candidates to vie for DSE directorship

FE Online Report 2018-02-26 17:57:55

A former president and a former director of Dhaka Stock Exchange (DSE) have submitted their applications to vie for the post of a director of the premier bourse. The two candidates are Ahmed Iqbal Ha...

Stocks plummet, DSEX hits record low

Stocks plummet, DSEX hits record low

FE Online Report 2018-02-26 15:54:24

Stocks plummeted Monday, extending the bearish trend for the seven days in a row, with key index of the major bourse dipping below 5,800-mark low after nearly eight months. Analysts said the persiste...

Intraco Refueling’s IPO subscription from Mar 18

Intraco Refueling’s IPO subscription from Mar 18

FE Online Report 2018-02-26 14:34:53

The initial public offering (IPO) subscription of Intraco Refueling Station Limited (IRSL) will begin on March 18, aiming to raise Tk 300 million from the public under the fixed price method. The IPO...

Pro-poor rice sale scheme will not hurt reserves: Minister

Pro-poor rice sale scheme will not hurt reserves: Minister

-- 2018-02-26 14:25:02

Food Minister Md Qamrul Islam claims the Tk 10-per-kg-rice welfare programme will not cut into Bangladesh’s food reserves. Despite last year’s poor harvest due to natural disasters, this...

Bourses mostly lower amid sluggish trade

Bourses mostly lower amid sluggish trade

FE Online Report 2018-02-26 11:32:32

The prices of most of the shares on both bourses witnessed a downward trend in the early trade on Monday as investors continued to show their selling binge. Following the previous six days’ m...

ICSB plea to allow ITP

ICSB plea to allow ITP

FE Online Desk 2018-02-26 11:02:59

The Institute of Chartered Secretaries of Bangladesh (ICSB) has urged the Finance Minister to allow Chartered Secretary profession for Income Tax Practice like Chartered Accountants and Cost & Man...

RAJUK submits proposal for land development, shifting of utilities

RAJUK submits proposal for land development, shifting of utilities

FHM Humayan Kabir 2018-02-26 10:01:56

Rajdhani Unnayan Kartripakkha (RAJUK) has a sent a project proposal to the Planning Commission for developing land and shifting facilities of utility services to pave the way for construction of Aramb...

Call for forming 'Banking Enquiry Commission' forthwith

Call for forming 'Banking Enquiry Commission' forthwith

FE Report 2018-02-26 09:48:00

The government should move to form a 'Banking Enquiry Commission' immediately to address the problems and irregularities that are 'eating away' at Bangladesh's financial sector, says an expert. "Th...

Infrastructure, policy-induced disincentives major hurdle for LLG export: Study

Infrastructure, policy-induced disincentives major hurdle for LLG export: Study

FE Online Report 2018-02-25 22:27:52

Problems regarding infrastructure pose as one of the major problems affecting the country’s leather and leather goods (LLGs) export, as per a study by Bangladesh Enterprise Institute (BEI).&nbsp...

Regulator asks banks to use Bangla in loan approval letters

Regulator asks banks to use Bangla in loan approval letters

-- 2018-02-25 19:57:55

The central bank has asked the scheduled banks to use Bangla in loan approval letters for implementing the objective of the "Bengali Language Introduction Act, 1987”. A Bangladesh Bank (BB) cir...

Utilising local coal resources a must for cheaper electricity

Utilising local coal resources a must for cheaper electricity

-- 2018-02-25 19:34:48

Fast depleting gas reserve and lack of major initiatives to develop local coal have made it difficult to achieve a sustainable local primary energy source. According to an estimate, Bangladesh would...

Key index slips below 5,900-mark on selling spree

Key index slips below 5,900-mark on selling spree

FE Online Report 2018-02-25 19:14:04

Stocks witnessed yet another bearish session on Sunday – thereby extending the losing streak for the fifth day in a row – with the key index of major bourse going below 5,900-mark. Market...

Shasha Denims to acquire 40pc shares of EOS Textiles

Shasha Denims to acquire 40pc shares of EOS Textiles

FE Online Report 2018-02-25 12:17:37

Shasha Denims Limited (SDL) will acquire 40 per cent stake of EOS Textiles Mills Limited worth approximately Tk 480 million, said an official disclosure on Sunday. The Shasha Denims said approximatel...

Legacy Footwear to open Unit-2

Legacy Footwear to open Unit-2

FE Online Report 2018-02-25 12:08:23

The board of directors of Legacy Footwear has taken a number of decisions including raising fund from the existing directors/sponsors as per the requirements of the company. In this regard, the compa...

United Finance recommends 15pc dividend

United Finance recommends 15pc dividend

FE Online Report 2018-02-25 12:02:46

The board of directors of United Finance has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday. The final app...

DBBL recommends 30pc cash dividend

DBBL recommends 30pc cash dividend

FE Online Report 2018-02-25 11:38:07

The board of directors of Dutch-Bangla Bank Limited (DBBL) has recommended 30 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Sunday. The final approval...

DSEX dips below 5,900-mark in early trading

DSEX dips below 5,900-mark in early trading

FE Online Report 2018-02-25 11:35:06

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading on Sunday as investors were on selling mood. Following the previous week’s sharp fall, the Dha...