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The Financial Express

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Better infrastructural platform will improve ‘Doing Business’ ranking

Better infrastructural platform will improve ‘Doing Business’ ranking

FE Online Report 2018-02-11 20:48:29

DCCI on Sunday laid emphasis on creating infrastructure platform for entrepreneurs to carry on their operations smoothly and improve the country’s ‘Doing Business’ ranking. DCCI chi...

Mahbub ul Alam promoted to MD of IBBL

Mahbub ul Alam promoted to MD of IBBL

FE Online Desk 2018-02-11 20:22:39

Md Mahbub ul Alam has been promoted to the Managing Director (MD) and CEO of Islami Bank Bangladesh Limited (IBBL). Bangladesh Bank, regulator of banking sector, formally approved the appointment fol...

Imports register 9.0pc growth in H1

Imports register 9.0pc growth in H1

FE Online Report 2018-02-11 19:53:17

Country’s overall imports marked more than 9.0 per cent growth or US$2.07 billion rise in the first-half (H1) of the current fiscal year (FY 18). Officials apprised this to higher import of foo...

Stocks rebound strongly as political tension eases

Stocks rebound strongly as political tension eases

FE Online Report 2018-02-11 17:06:08

Stocks rebounded strongly on Sunday after recent bearish mood as optimistic investors went on buying spree - especially riding on banking and telecommunication issues. Analysts said investors became...

Country clocks self-sufficiency in fish, meat production

Country clocks self-sufficiency in fish, meat production

FE Online Report 2018-02-11 14:34:04

The country for the first time in its history has attained self-sufficiency in fish and meat production. The fisheries ministry sources say the fish production target for 2016-17 was set at 4.05 mill...

DSEX exceeds 6,000-mark in early trading

DSEX exceeds 6,000-mark in early trading

FE Online Report 2018-02-11 11:21:47

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

DSE board endorses Chinese consortium as strategic partner

DSE board endorses Chinese consortium as strategic partner

FE Report 2018-02-11 10:27:40

The board of directors of the Dhaka Stock Exchange (DSE) has approved the proposal coming from a consortium of two Chinese stock exchanges - Shenzhen Stock Exchange and Shanghai Stock Exchange to be a...

Liquidity shortage hits ICB as banks withdraw deposits

Liquidity shortage hits ICB as banks withdraw deposits

Rezaul Karim 2018-02-11 10:18:25

The Investment Corporation of Bangladesh (ICB) has sought assistance of the Financial Institution Division (FID) of the Ministry of Finance to help meet its liquidity shortage. The Corporation has...

Govt to borrow another $450m hard-term WB loan

Govt to borrow another $450m hard-term WB loan

FHM Humayan Kabir 2018-02-11 09:53:25

Bangladesh is poised to borrow $450 million worth of loan from the Scale-up Facility Fund (SUF) of the World Bank (WB) soon, accepting the terms and conditions almost identical to those of the Bank's...

LTU-VAT collection marks 19pc growth

LTU-VAT collection marks 19pc growth

-- 2018-02-10 22:09:33

Collection of revenue under Large Taxpayer Unit (LTU) of Value Added Tax (VAT) has witnessed a staggering 19 per cent growth in first six months of fiscal 2017-18. LTU collection reached Tk 198.74 bi...

Advent Pharma’s IPO subscription begins today

Advent Pharma’s IPO subscription begins today

FE Online Report 2018-02-10 17:51:53

Advent Pharma limited is set to begin its initial public offering (IPO) subscription on Sunday which will raise a capital worth Tk 200 million from the public. The subscription for shares of the anim...

Over 80,000 get overseas job in Jan

Over 80,000 get overseas job in Jan

-- 2018-02-10 17:29:27

Over eighty thousand Bangladeshi people have got overseas job January 2018, according to an official of the Ministry of Expatriates' Welfare and Overseas Employment. With this fresh 81,846 people,...

Govt accounting of assets, liabilities on 'accrual' basis fails

Govt accounting of assets, liabilities on 'accrual' basis fails

Jasim Uddin Haroon 2018-02-10 10:35:40

A government move to convert its fiscal accounting to "accrual" system fails to sail through in eight years and, under the circumstances, the country does not get a realistic picture of transactions a...

Most banks not using risk tools

Most banks not using risk tools

Mehdi Musharraf Bhuiyan 2018-02-10 10:06:54

Almost two-third of the country's banking entities are not using risk tools in their decision making procedure, according to a recent survey conducted on the chief risk officers (CROs) of the banking...

BD seeks $ 1.37b from India for three projects under LoC-III

BD seeks $ 1.37b from India for three projects under LoC-III

FHM Humayan Kabir 2018-02-10 09:57:42

Dhaka sent three project proposals to New Delhi recently for getting endorsement of receiving nearly US$1.37 billion fund from the third phase of India's US$4.5 billion Line of Credit (LoC-III), offic...

Stocks witness precipitous losses on political jitters

Stocks witness precipitous losses on political jitters

Babul Barman 2018-02-10 09:46:04

Stocks extended the losing streak for the second straight week that ended Thursday as investors were selling shares amid political tension. Analysts said the investors went for selling shares, keepin...

BR readies revised mega master plan

BR readies revised mega master plan

Munima Sultana 2018-02-10 09:29:44

Bangladesh Railway (BR) completed the revision of its master plan with an investment proposal of Tk 5.10 trillion until 2045 for making the train system efficient in both cases of passenger and freigh...

Philippine bank threatens counter-suit over BB heist

Philippine bank threatens counter-suit over BB heist

-- 2018-02-09 14:45:52

A day after Bangladesh confirmed that it would sue a Philippines bank in US for damages over the 2016 cyber heist, Manila-based Rizal Commercial Bank Corp or RCBC has threatened counter measures. In...

NBR claims Tk 9.24b tax from Robi

NBR claims Tk 9.24b tax from Robi

-- 2018-02-09 14:11:02

The revenue authority has claimed Tk 9.24 billion in unpaid taxes from mobile telephone operator Robi Axiata Limited. The National Board of Revenue INBR) has sent five letters to the mobile operator...

Top 10 cos grab 34pc of total turnover

Top 10 cos grab 34pc of total turnover

FE Report 2018-02-09 10:35:28

The ten top-traded companies accounted for over 34 per cent of the total transactions on the country's premier bourse on Thursday, with Square Pharmaceuticals making its way to the top of the turnover...

Usmania Glass keeps soaring despite no PSI

Usmania Glass keeps soaring despite no PSI

FE Report 2018-02-09 10:31:27

Usmania Glass Sheet Factory saw its share price rising for the last two weeks although it has no price sensitive information (PSI). The share closed at Tk 123.50 on the premier bourse on Thursday,...

Sonali Bank wants govt to help recover embezzled money

Sonali Bank wants govt to help recover embezzled money

Rezaul Karim 2018-02-09 10:14:07

Sonali Bank called for government intervention to recover huge funds embezzled by Hall-Mark and five other entities as a latest reminder came from above. Recently, the Financial Institutions Division...

NPLs soar four times in last Jan-Sept

NPLs soar four times in last Jan-Sept

Siddique Islam 2018-02-09 09:26:40

The classified loans of the offshore banking units (OBUs) of different banks swelled more than four times or Tk 3.18 billion in the first nine months of the last calendar year (2017). The non-perfo...

BB forecasts continuity of upward trend in remittance

BB forecasts continuity of upward trend in remittance

-- 2018-02-08 23:07:45

The central bank predicts that the recent increasing trend of remittance is likely to continue in the ensuing months. Bangladesh Bank (BB) Deputy Governor Abu Hena Mohammad Razee Hassan said the rece...

ICT exporters to get 10pc subsidy

ICT exporters to get 10pc subsidy

-- 2018-02-08 20:07:56

The exporters of the Information and Communication Technology (ICT) sector will get 10 per cent subsidy. Bangladesh Bank (BB) issued a circular on Thursday announcing the subsidy for the exporters of...

DSE turnover hits 19 months low

DSE turnover hits 19 months low

FE Online Report 2018-02-08 16:13:33

Turnover on Dhaka Stock Exchange (DSE) came down to Tk 3.0 billion Thursday, dipping to 19 months low, as participation of investors on the trading floor was thin due to security concern. The presenc...

Prime Insurance recommends 15pc dividend

Prime Insurance recommends 15pc dividend

FE Online Report 2018-02-08 12:01:34

The board of directors of Prime Insurance Company Limited has recommended 15 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The final appro...

Stocks see mostly higher at opening

Stocks see mostly higher at opening

FE Online Report 2018-02-08 11:40:48

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading Thursday as investors showed their buying appetite on large-cap stocks. However, the investors are...

Two companies change category

Two companies change category

FE Report 2018-02-08 11:05:16

Two listed companies, Nahee Aluminum Composite Panel and Makson Spinning Mills,  have changed their category effective from today (Thursday) as they reported disbursement dividend for the year en...

NCC Bank Mutual Fund-1 declares 10pc cash dividend

NCC Bank Mutual Fund-1 declares 10pc cash dividend

FE Online Report 2018-02-08 10:39:38

The Trustee Committee of the NCC Bank Mutual Fund-1 has declared 10 per cent cash dividend based on net income for the year ended on December 31, 2017, said an official disclosure on Wednesday. The r...