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The Financial Express

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GSP Finance recommends 23.50pc stock dividend

GSP Finance recommends 23.50pc stock dividend

FE Online Report 2018-02-04 00:00:00

The board of directors of GSP Finance has recommended 23.50 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday. The final approval will come during...

High taxes throttle ocean-going vessel industry's growth

High taxes throttle ocean-going vessel industry's growth

Syful Islam 2018-02-04 00:00:00

High tax incidence and lack of incentives hinder business expansion of national flag-carrier vessels with a resultant loss of Bangladesh's market share to foreign shippers in international trade, busi...

Stock markets see steep fall

Stock markets see steep fall

FE Online Report 2018-02-04 00:00:00

Stocks on both bourses witnessed a steep decline in the first hour of trading on Sunday as investors are on selling spree, fearing a further fall. Following the previous week’s one of the large...

DBA, BMBA call emergency meeting on capital market

DBA, BMBA call emergency meeting on capital market

FE Online Report 2018-02-04 00:00:00

Stock brokers and merchant bankers on Sunday called an emergency meeting to take stock of the capital market. DSE Brokers Association (DBA) and Bangladesh Merchant Bankers Association (BMBA) will ho...

CSE Fair ends

CSE Fair ends

FE Online Desk 2018-02-04 00:00:00

The sixth Capital Market Fair, arranged by Chittagong Stock Exchange (CSE) ended Saturday in the port city, said a statement issued by CSE. The fair put thrust on raising the depth of the stock mar...

Stocks continue to see freefall; DSEX sheds record 133pts

Stocks continue to see freefall; DSEX sheds record 133pts

FE Online Report 2018-02-04 00:00:00

The core index of the Dhaka bourse on Sunday fell over 133 points, the biggest single-day fall in 55 months, as panicked investors went on selling spree amid uncertainty. Afraid of further decline in...

NBR, BB sign MoU to prevent exodus of money   

NBR, BB sign MoU to prevent exodus of money   

FF Online Report 2018-02-04 00:00:00

The National Board of Revenue (NBR) is set to share information and extent international cooperation with a unit of the central bank to check money laundering from the country. To this end, NBR and B...

First virtual trading simulator launched in CSE

First virtual trading simulator launched in CSE

FE Online Desk 2018-02-03 11:42:14

Chittagong Stock Exchange and LankaBangla Securities have jointly launched the first Virtual Trading Simulator in Bangladesh named “Stock Paathshala”on the second day of Capital Marke...

More govt cos, MNCs should float shares in capital mkt

More govt cos, MNCs should float shares in capital mkt

Our Correspondent 2018-02-03 10:36:29

Managing director of Chittagong Stock Exchange (CSE) Shaifur Rahman Majumdar on Friday said more government and multinational companies should be enlisted with the capital market to raise the depth...

Govt keen on ITFC credits as ADB looks noncommittal

Govt keen on ITFC credits as ADB looks noncommittal

Syful Islam 2018-02-03 10:23:07

A government body eagerly looks to the International Islamic Trade Finance Corporation (ITFC) as main source for financing huge investment needs in the emerging LNG sector, officials said. It found t...

Core index sees biggest single-week fall in 2 yrs

Core index sees biggest single-week fall in 2 yrs

FE Report 2018-02-03 00:00:00

The core index of the Dhaka bourse dipped 3.13 per cent last week as nervous investors sold shares in bulk. Merchant bankers and stockbrokers alleged that a 'political rumour' spread by a vested quar...

Muhith sees lots of weaknesses in banking sector

Muhith sees lots of weaknesses in banking sector

FE Online Report 2018-02-03 00:00:00

Finance Minister AMA Muhith has said that there remain a lot of weaknesses in the country’s banking sector. He had soul-searching over the persisting problems in the sector on Saturday when h...

NBR listing wealthy people

NBR listing wealthy people

-- 2018-02-03 00:00:00

National Board of Revenue (NBR) is preparing a list of the 'apparently' rich people, who pay comparatively less taxes, with the aim to collect some more money for the national exchequer. The NBR has...

Eight businessmen, two cos get acquittal in 1996 share scam

Eight businessmen, two cos get acquittal in 1996 share scam

FE Report 2018-02-02 12:07:22

The special tribunal on capital market acquitted eight businessmen and two companies in two cases related to 1996 stock market scam on Thursday, jurists said. Earlier, the cases were filed against th...

Queen South Textile allocates 15m shares thru IPO lottery

Queen South Textile allocates 15m shares thru IPO lottery

FE Report 2018-02-02 11:01:44

The Queen South Textile Mills Limited allocated 15 million ordinary shares among successful applicants through IPO (initial public offering) lottery draw on Thursday. The lottery draw was held at t...

BD’s budget 'more transparent' than India’s

BD’s budget 'more transparent' than India’s

-- 2018-02-02 11:00:00

India's budget is considered "less transparent" as it provides limited information in the public domain, Transparency International India (TII) said, adding the lack of transparency would lead to seve...

EPS of Far East Knitting rises 19pc

EPS of Far East Knitting rises 19pc

Mohammad Mufazzal 2018-02-02 10:50:26

Far East Knitting & Dyeing Industries (FEKDI), a listed company, saw 19 per cent growth in the earnings per share (EPS) for the year ending on June 30, 2017, riding on the wave of increased sale...

BB set to allow banks to expand OBUs in EZs, hi-tech parks

BB set to allow banks to expand OBUs in EZs, hi-tech parks

Siddique Islam 2018-02-02 00:00:00

The central bank is set to allow banks to expand operations of their offshore banking units (OBUs) to facilitate implementation of the economic zones (EZs) and hi-tech parks with availability of forei...

Stocks extend losing spell for 3rd day

Stocks extend losing spell for 3rd day

FE Online Report 2018-02-01 16:00:48

Stocks extended the losing streak for the third running session on Thursday amid sluggish trading activities as investors were mostly inactive to put fresh fund on stocks. Dealers said the market m...

Seven more listed cos disclose Q2 EPS

Seven more listed cos disclose Q2 EPS

FE Online Report 2018-02-01 13:51:44

A total of seven more listed companies disclosed their un-audited second quarter (Q2) earnings for October-December period of 2017, according to official disclosures on Thursday. Of them, earnings...

Prime Finance First MF approves 8.50pc cash div

Prime Finance First MF approves 8.50pc cash div

FE Online Report 2018-02-01 12:17:53

The trustee committee of the Prime Finance First Mutual Fund has approved 8.50 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The record da...

Core index sees biggest single-day fall in one year

Core index sees biggest single-day fall in one year

FE Report 2018-02-01 09:56:13

Stocks witnessed the biggest single-day fall in 12 months Wednesday as worried investors continued heavy sell-offs, fearing further fall. Brokers said the market continued bleeding as panic gripped t...

WB lends $300m to upgrade cash transfer

WB lends $300m to upgrade cash transfer

-- 2018-02-01 00:00:00

The World Bank (WB) has approved a $300 million fund to improve the transparency and efficiency of major cash transfer programmes in Bangladesh. The project aims to benefit about five million of...

Islamic Finance and Investment sees visible progress in businesses

Islamic Finance and Investment sees visible progress in businesses

Jubair Hasan 2018-02-01 00:00:00

Efficient human resources and risk managers could make financial institutions (FIs) sustainable through minimising possible risks in various forms, Managing Director and CEO (Chief Executive Officer)...

EC warns BD again of improving labour situation before GSP goes

EC warns BD again of improving labour situation before GSP goes

Monira Munni 2018-02-01 00:00:00

The European Commission has reiterated its concern over the labour rights situation mainly in respect of freedom of association and successful implementation of the 'Compact' in the readymade garment...

Net foreign funds in stocks jump 200pc in January

Net foreign funds in stocks jump 200pc in January

FE Online Report 2018-01-31 23:40:31

Net foreign investment in stocks marked a staggering 200 per cent rise month-on-month in January as overseas investors injected fresh funds in Bangladesh’s capital market. Analysts said the net...

Stocks plunge as BB clips ADR limit

Stocks plunge as BB clips ADR limit

FE Online Report 2018-01-31 15:55:38

Stocks suffered a notable correction Wednesday as cautious investors continued their selling spree following the news of slashing the limit of banks’ advance-deposit ratio (ADR). The Banglade...

Intech to subscribe 40pc share of China-BD Tech

Intech to subscribe 40pc share of China-BD Tech

FE Online Report 2018-01-31 13:17:59

The board of directors of Intech Limited has taken a decision to subscribe 40 per cent of the ordinary share capital of China-BD Tech Ltd (proposed), said an official disclosure on Wednesday. The a...

Confidence Cement to invest in new power plant

Confidence Cement to invest in new power plant

FE Online Report 2018-01-31 12:49:12

The board of directors of Confidence Cement Limited has agreed to invest in the new Power Plant Projects located at Bogra, Rangpur and Chittagong, said an official disclosure on Wednesday. The powe...

DSE arranges training programme

DSE arranges training programme

FE Online Desk 2018-01-31 12:22:44

Dhaka Stock Exchange (DSE) is going to arrange a fifteen-day training programme on ‘Financial Statement Analysis’ from February 11. According to DSE website, the programme will be held...