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The Financial Express

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Banks, FIs to issue 7,033m yen as soft loans under FDI

Banks, FIs to issue 7,033m yen as soft loans under FDI

FE Online Report 2018-02-14 19:52:06

Bangladesh Bank (BB) has signed agreements with 24 banks and financial institutions (FI) for disbursing 7,033 million yen as soft loans to potential borrowers under foreign direct investment. Ninetee...

BIDA chief eyes more FDI to achieve SDGs

BIDA chief eyes more FDI to achieve SDGs

-- 2018-02-14 19:32:37

Bangladesh Investment Development Authority (BIDA) executive chairman has stressed on the need of increased Foreign Direct Investment (FDI) to achieve the Sustainable Development Goals (SDGs) by 2030....

DSE turnover exceeds 6.0b-mark after seven weeks

DSE turnover exceeds 6.0b-mark after seven weeks

FE Online Report 2018-02-14 16:28:26

Stocks extended gaining streak on Wednesday with turnover on the major bourse crossing Tk 6.0 billion-mark after seven weeks. A section of the investors on the day showed their buying appetite on sec...

Country sees revolution in agriculture: Experts

Country sees revolution in agriculture: Experts

-- 2018-02-14 13:12:37

Agriculturists at a post-rally discussion in Rangpur have said Bangladesh has achieved revolutionary success in the agriculture, fishery and livestock sectors. They came up with the observation at t...

BD signs $92.30m deal with IFAD

BD signs $92.30m deal with IFAD

-- 2018-02-14 12:05:43

Bangladesh on Tuesday signed a financing agreement with the International Fund for Agricultural Development (IFAD) to sustainably improve incomes and promote resilience to extreme weather conditions f...

LankaBangla Finance recommends 15pc dividend

LankaBangla Finance recommends 15pc dividend

FE Online Report 2018-02-14 11:49:16

The board of Directors of LankaBangla Finance has recommended 7.50 per cent cash dividend and 7.50 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wed...

Stocks see uptrend in early trading

Stocks see uptrend in early trading

FE Online Report 2018-02-14 11:28:05

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Wednesday as investors are active on sector-wise issues ahead of divided declarations. Following the p...

BSEC approves Aman Cotton, SEML FBLSL Growth Fund IPOs

BSEC approves Aman Cotton, SEML FBLSL Growth Fund IPOs

FE Report 2018-02-14 10:32:13

The securities regulator has approved the proposal of issuing above 20.83 million ordinary shares by Aman Cotton Fibrous Limited to raise a capital worth Tk 800 million under the book building method....

Current account incurs deep deficit

Current account incurs deep deficit

FE Report 2018-02-14 09:32:46

Bangladesh's current-account deficit widened almost eight times or by $4.76 billion in the first half (H1) of this fiscal over the corresponding figure, as outgoings far outstripped incomings. Accord...

Regulator moves to meet Farmers Bank capital shortfall

Regulator moves to meet Farmers Bank capital shortfall

-- 2018-02-13 20:59:36

Bangladesh Bank (BB) has moved to find out a way to resolve the ongoing capital shortfall in the Farmers Bank Limited (FBL), a fourth generation bank that has been facing severe capital crunch. In th...

Govt earns Tk 53b from spectrum auction, tech neutrality fee

Govt earns Tk 53b from spectrum auction, tech neutrality fee

FE Online Report 2018-02-13 17:33:49

Government will formally hand over 4G licence to mobile network operators (MNOs) on February 20 – paving the way for launching 4th generation broadband cellular technology in country by February...

Trade deficit jumps by 91pc in H1

Trade deficit jumps by 91pc in H1

FE Online Report 2018-02-13 16:05:05

Country’s merchandise trade deficit with the rest of the world jumped by 91 per cent in the first half (H1) of the current fiscal year (FY18). Statistics released by Bangladesh Bank on Tuesday...

Stocks edge up after volatile trading

Stocks edge up after volatile trading

FE Online Report 2018-02-13 15:51:25

Stocks finished marginally higher on Tuesday amid choppy trading as investors went on buying spree in the late hours on sector-specific items. Brokers said the market edged higher as optimistic inves...

Bourses witness downward trend on selling binge

Bourses witness downward trend on selling binge

FE Online Report 2018-02-13 11:42:39

The prices of most of the shares on both bourses witnessed a downward trend in early hour of trading Tuesday as investors are on selling binge on sector-wise stocks. Following the previous day’...

29pc of refinancing fund goes undisbursed

29pc of refinancing fund goes undisbursed

Rezaul Karim 2018-02-13 11:19:40

Nearly 29 per cent or Tk 2.58 billion of the Tk 9.0-billion capital market refinancing fund remains undisbursed due to poor response from the investors, who were the victims of the 2010-11 stock marke...

Three Z-category cos share price soaring sans price sensitive info

Three Z-category cos share price soaring sans price sensitive info

FE Report 2018-02-13 10:50:28

Share price of three Z-category companies -- Beximco Synthetics, Sonargaon Textile and Information Services Networks - are soaring without any price sensitive information (PSI). In the last three mon...

New railway workshop to serve cross-border train corridor

New railway workshop to serve cross-border train corridor

FHM Humayan Kabir 2018-02-13 10:17:25

The government will establish Bangladesh's third railway workshop in Rajbari to provide backward-linkage service to cross-border train communications through Padma Bridge. Officials said Monday passe...

Govt offices owe power cos Tk 13b in unpaid bills

Govt offices owe power cos Tk 13b in unpaid bills

Syful Islam 2018-02-13 10:00:59

Power division has sought finance authorities' intervention to realise some Tk 13.83 billion in unpaid electricity bills from state entities, officials said, as recovery efforts failed. Officials sai...

Demutualisation of DSE draws scathing criticism

Demutualisation of DSE draws scathing criticism

FE Report 2018-02-13 09:40:08

Probe-body chief Khondoker Ibrahim Khaled said Monday a "powerful vested quarter", consisting of 200 persons, were behind the collapse of the stock-market and they still dictate terms. There is a "...

Lengthy IPO process hurting capital market

Lengthy IPO process hurting capital market

UNB 2018-02-12 23:06:44

Entrepreneurs are borrowing money from banks due the lengthy process of fixed pricing and book building in Initial Public Offering (IPO) system for withdrawing money from the share market. Researcher...

Income tax collection witnesses 12.6pc growth in seven months

Income tax collection witnesses 12.6pc growth in seven months

-- 2018-02-12 22:10:13

Income tax collection marked a 12.6 per cent growth in the first seven months of the current fiscal (FY18). Revenue authorities collected Tk 327.55 billion in FY18 some Tk 35.95 billion more from tha...

$20m ADB loan to support textile, garment sectors

$20m ADB loan to support textile, garment sectors

FE Online Report 2018-02-12 20:23:33

The Asian Development Bank (ADB) will provide US$20 million loan to the country’s private sector in a bid to support textile and clothing industries. The Manila-based lender on Monday signed a...

Bourses retreat on profit booking

Bourses retreat on profit booking

-- 2018-02-12 17:35:08

Bourses broke two-day gaining streak on Monday as cautious investors sold shares to bag profit on quick gaining stocks. Market operators said investors booked quick-profit on large-cap sectors - espe...

Capital market to remain ‘moderately bullish’ in 2018

Capital market to remain ‘moderately bullish’ in 2018

FE Report 2018-02-12 15:42:54

The capital market will remain moderately bullish in 2018, but local political instability will be the risk factor for the capital market this year, according to a recent survey of a leading stockbrok...

Green Delta Insurance recommends 20pc dividend

Green Delta Insurance recommends 20pc dividend

FE Online Report 2018-02-12 13:03:08

The board of directors of Green Delta Insurance has recommended 20 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Monday. The final approval will come...

Stocks fail to hold gains at midday

Stocks fail to hold gains at midday

FE Online Report 2018-02-12 12:27:05

Stocks on both bourses failed to maintain positive trend at midday on Monday as cautious investors went on booking quick-profit on sector-wise issues. Following the previous day’s sharp rise, t...

Stocks mostly higher on buying spree

Stocks mostly higher on buying spree

FE Online Report 2018-02-12 11:50:40

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Monday as investors showed their buying appetite on large-cap stocks. Market operators said investors...

Metro-rail depot land development ends a year before deadline

Metro-rail depot land development ends a year before deadline

Munima Sultana 2018-02-12 00:34:34

Metro-rail depot land development work to set up necessary infrastructures at Uttara 3rd phase in the city has come to an end a year before its deadline, officials said. They said it has been finishe...

Enhanced data repository to reduce cost of businesses

Enhanced data repository to reduce cost of businesses

Mehdi Musharraf Bhuiyan 2018-02-12 00:33:08

Bangladesh should develop an enhanced digital data repository for its citizens to facilitate quick, automated bank account opening and to expedite other financial service delivery, a top global banker...

ADP witnesses 33.35pc rise in FY18

ADP witnesses 33.35pc rise in FY18

-- 2018-02-11 21:41:54

The implementation rate of the Annual Development Programme (ADP) in first seven months of the current fiscal witnessed a 33.35 per cent rise. As per latest Implementation Monitoring and Evaluation D...