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The Financial Express

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Shepherd Industries to revise IPO funds

Shepherd Industries to revise IPO funds

FE Online Report 2017-11-07 11:17:05

The board of directors of Shepherd Industries Limited, which raised Tk 200 million through initial public offering (IPO), has decided to revise the un-utilised funds of IPO proceeds. The board has pr...

Offshore multi-client seismic survey hits snag

Offshore multi-client seismic survey hits snag

-- 2017-11-07 11:01:05

The Law Minister-led investigation committee could not yet submit report although about 15 months have elapsed since its formation to look into whether there was any irregularity in the tender process...

New ‘code of conduct’ for banks, NBFIs

New ‘code of conduct’ for banks, NBFIs

FE Online Report 2017-11-07 10:46:05

The central bank has circulated a ‘Code of Conduct’ for all banks and non-bank financial institutions (NBFIs) of the country with effect from January 1. All banks and financial institutio...

ECNEC okays project to boost farmers’ income

ECNEC okays project to boost farmers’ income

-- 2017-11-07 04:34:11

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the 'Smaller water resources development (2nd phase)' project, aiming to boost agricultural production and thus inc...

DSE turnover hits nearly one-month high

DSE turnover hits nearly one-month high

FE Online Report 2017-11-07 03:38:03

Stocks ended higher for the second day in a row Tuesday, with turnover hitting nearly one month high on the major bourse, as investors continued to show their buying appetite on banking sector issues....

Novozymes awards eight BD textile cos-

Novozymes awards eight BD textile cos-

-- 2017-11-06 12:49:33

The Danish company Novozymes, the world leader in biological solutions for wet processing, awarded textile manufacturers contributing to sustainable production in Bangladesh, said a statement. The wi...

Move to make bond mkt active

Move to make bond mkt active

FE Online Desk 2017-11-06 12:00:00

Capital market investors can now buy and sell government securities through the Dhaka Stock Exchange in a development that is expected to make the country's bond market active. The decision came at...

163 Bangladeshis take Malaysian second home in H1

163 Bangladeshis take Malaysian second home in H1

FE Online Report 2017-11-06 12:00:00

During the first half of the current calendar year, some 163 Bangladeshi citizens availed the long-term residency in Malaysia under the Malaysia My Second Home (MM2H) programme. Statistics released b...

Study shows nightlight intensity’s correlation with GDP level

Study shows nightlight intensity’s correlation with GDP level

FE Online Report 2017-11-06 12:00:00

Economic growth measures the performance of an economy. But to what extent do the available data on commercial activities genuinely represent a nation's performance? Gross Domestic Product (GDP) is...

BB fixes ceiling on mobile banking accounts

BB fixes ceiling on mobile banking accounts

-- 2017-11-06 12:00:00

The central bank has asked the mobile banking customers not to keep more than Tk 300,000 in their accounts with effect from January next year. The Bangladesh Bank fixed the ceiling on Monday with an...

Stocks rise, Oimex makes flying debut

Stocks rise, Oimex makes flying debut

FE Online Report 2017-11-06 11:49:15

Stocks witnessed positive trend in early trading on Monday as investors are active on newly listed stock. Oimex Electrode, which made its shares trading debut today, attracted the investors most and...

Oimex Electrode makes debut

Oimex Electrode makes debut

FE Online Report 2017-11-06 11:43:18

Trading of Oimex Electrode Limited made its debut on the two bourses of the country Monday. Trading code of the company is ‘OIMEX’ while the code for the company is 13243, according to DS...

Ambee Pharma recommends 30pc cash dividend

Ambee Pharma recommends 30pc cash dividend

FE Online Report 2017-11-06 11:24:28

The board of directors of Ambee Pharmaceuticals has recommended 30 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Monday. The final approval of divide...

BPC plans fuel oil imports borrowing $700m

BPC plans fuel oil imports borrowing $700m

Rezaul Karim 2017-11-06 10:26:24

Bangladesh Petroleum Corporation (BPC) moves to borrow US$ 700 million from International Islamic Trade Finance Corporation (ITFC) to import fuel oils for the calendar year 2018, officials said. The...

Biman’s move for ground handling partner falters

Biman’s move for ground handling partner falters

'The nat’l carrier earns $30-35m a year from ground handling' 2017-11-06 06:37:34

Biman Bangladesh Airlines' move to have a partner for ground handling activities at the country's airports is yet to see any tangible progress although nearly two years have already elapsed. When ask...

Investment proposals for July-Sept leap 140pc: BIDA

Investment proposals for July-Sept leap 140pc: BIDA

-- 2017-11-06 06:30:38

Investment proposals rose by 140 per cent during July-September period this year, according to the latest data of the Bangladesh Investment Development Authority (BIDA). During that period, BIDA rece...

Oimex helps bourses to rebound

Oimex helps bourses to rebound

FE Online Report 2017-11-06 03:49:36

Stocks rebounded on Monday, a day-after downturn, as some investors went on late hour’s buying spree on sector-wise stocks. Meanwhile, Oimex Electrode, which made its shares trading debut Monda...

Golden Harvest recommends 10pc dividend

Golden Harvest recommends 10pc dividend

FE Online Report 2017-11-05 12:00:00

The board of directors of Golden Harvest Agro Industries has recommended 10 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure Sunday. The final approval of divi...

Police nab ‘robber gang leader’

Police nab ‘robber gang leader’

-- 2017-11-05 12:00:00

Members of Rapid Action Battalion (RAB) arrested a suspected robber along with three foreign pistols and 15 bullets from char area in Fulchhari upazila of Gaibandha on Saturday night.  The deput...

Q1 merchandise trade gap marks 133pc rise

Q1 merchandise trade gap marks 133pc rise

FE Online Report 2017-11-05 12:00:00

Country’s merchandise trade gap with the rest of the world surged to $3.65 billion in the first quarter (Q1) of the current fiscal year (FY18). Statistics released by the central bank on Sunday...

China sees prospect in Dhaka-Naypyidaw power sharing

China sees prospect in Dhaka-Naypyidaw power sharing

-- 2017-11-05 12:00:00

China sees a good prospect in electricity sharing by Bangladesh and Myanmar in the future through grid interconnection transmitting clean hydropower from China's Yunnan Province. A senior official of...

Menon eyes pvt sector’s investment in tourism

Menon eyes pvt sector’s investment in tourism

-- 2017-11-05 12:00:00

Civil Aviation and Tourism Minister Rashed Khan Menon Sunday urged the private sector to invest in the tourism sector of the country. Menon told the private sector to consider building resorts and m...

ICB recommends 35pc dividend

ICB recommends 35pc dividend

FE Online Report 2017-11-05 11:48:54

The board of directors of Investment Corporation of Bangladesh (ICB) has recommended 30 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure o...

Novozymes awards eight BD textile cos

Novozymes awards eight BD textile cos

FE Online Desk 2017-11-05 10:21:21

  The Danish company Novozymes, the world leader in biological solutions for wet processing, awarded textile manufacturers contributing to sustainable production in Bangladesh, said a statement....

BRAC Bank achieves Tk. 40b-mark in retail assets portfolio

BRAC Bank achieves Tk. 40b-mark in retail assets portfolio

FE Online Desk 2017-11-04 12:13:50

BRAC Bank Limited has celebrated yet another milestone as its Retail Assets Portfolio climbed to Tk 40 billion-mark, said a statement.   BRAC Bank is currently the largest retail bank in the co...

EBL, LebuPay ink deal

EBL, LebuPay ink deal

FE Online Desk 2017-11-04 12:00:00

Eastern Bank Ltd. (EBL) and LebuPay recently signed an agreement on online payment gateway service. Head of Consumer Banking M. Nazeem A. Choudhury and LebuPay MD and Chief Innovation Officer K...

Non-organic way to boost Hilsha output

Non-organic way to boost Hilsha output

-- 2017-11-04 12:00:00

Bangladesh Fisheries Research Institute (BFRI) has been carrying out intensive research to breed Hilsha in the hatchery using artificial methods.  The methods, which include producing larvae fro...

Japan jacks up lending rate to Bangladesh

Japan jacks up lending rate to Bangladesh

FHM Humayan Kabir 2017-11-04 10:06:55

The much-cherished softest lending by Japan is all over as the donor has hiked the interest rate to 1.0 per cent from 0.01 per cent for Bangladesh, officials said. The Asian economic powerhouse has a...

Bangladesh to get $457m loan from WB

Bangladesh to get $457m loan from WB

-- 2017-11-04 06:41:14

Bangladesh is set to receive a total of US$457 loan from the World Bank (WB) for implementing two projects regarding trade and business. To this end, two separate agreements will be signed with WB o...

ICB earns Tk 3.68b net profit in FY 2016-17

ICB earns Tk 3.68b net profit in FY 2016-17

FE Online Report 2017-11-04 04:27:41

The Investment Corporation of Bangladesh (ICB) has earned Tk 3.68 billion net profit after tax in 2016-2017 Fiscal Year (FY). Board of directors of the ICB approved the balance sheet and profit &am...