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The Financial Express

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Sundarbans ‘gunfight’ leaves robber dead

Sundarbans ‘gunfight’ leaves robber dead

-- 2017-10-16 12:04:24

The ‘second in command' of a forest robber gang was killed in a reported gunfight with Rapid Action Battalion (RAB) members in Shailo Khal area of the Sundarbans on Monday morning. The deceased...

Municipal bond to hit capital market

Municipal bond to hit capital market

Jasim Uddin Haroon 2017-10-16 12:00:00

A new securities instrument styled 'muni bond' may hit the country's capital market with a twin objective: fundraising for urban local-government bodies and stimulating economic activity. Sources sa...

Move to mobilise $190b to fund mega transport projects

Move to mobilise $190b to fund mega transport projects

Munima Sultana 2017-10-16 12:00:00

A massive fundraising campaign got underway for mobilising over US $190 billion to elegantly improve Dhaka's transport network with metro rails, expressways and bus-franchise services. Dhaka Transpor...

Ensure easy-term housing loans to achieve SDG 11

Ensure easy-term housing loans to achieve SDG 11

FE Report 2017-10-16 12:00:00

The government has been urged to ensure easy-term housing loans for the low-income group of people to achieve the SDG 11. According to the Sustainable Development Goal (SDG), adequate, safe and affor...

BGB seizes Indian goods worth Tk 2m

BGB seizes Indian goods worth Tk 2m

-- 2017-10-16 10:53:19

Members of Border Guard Bangladesh (BGB) seized various import-banned medicines, Indian saree and three-pieces worth Tk 2 million (20 lakh) from Sadipur border under Benapole Port Police Station on Su...

DSE turnover hits three-month low

DSE turnover hits three-month low

FE Online Report 2017-10-16 04:04:47

Turnover at the Dhaka Stock Exchange (DSE) came down to Tk 5.03 billion on Monday, lowest in the last three months, as investors reluctant to make fresh investment in the market. Turnover, the most i...

Stocks fail to stay positive at midday

Stocks fail to stay positive at midday

FE Online Report 2017-10-15 12:00:00

Despite opening higher, stocks on both bourses failed to stay positive at midday on Sunday as risk-averse investors started to sell their holdings to avoid further losses. Following the previous week...

Tofail urges exporters to adopt 'Look East' approach

Tofail urges exporters to adopt 'Look East' approach

FE Report 2017-10-14 12:00:00

Commerce Minister Tofail Ahmed Friday urged the country's exporters and manufacturers to take a 'Look East' approach to expanding and diversifying export market and products. "Our exporters intend to...

Stocks witness correction phase

Stocks witness correction phase

Babul Barman 2017-10-14 11:34:02

Stocks suffered a major correction last week that ended Thursday as investors sold bank shares in a reaction to the Bangladesh Bank's latest punitive action against seven banks. The central bank prob...

User test of online VAT return starts

User test of online VAT return starts

FE Report 2017-10-13 12:00:00

VAT online project (VoP) launched user acceptance test (UAT) of online return submission last week, before introducing it to businesses under the amended VAT rules. The online VAT return filing syste...

IFC to facilitate City Bank’s biz transformation

IFC to facilitate City Bank’s biz transformation

FE Online Desk 2017-10-13 01:33:02

City Bank has recently signed an advisory agreement with International Finance Corporation (IFC), a member of the World Bank Group, to facilitate transformation across its SME and Retail business func...

Generous rural power connections far outstrip actual generation

Generous rural power connections far outstrip actual generation

M Azizur Rahman 2017-10-12 12:00:00

Generous power connections through "unplanned" network expansion in the country's rural areas have far outstripped generation, resulting in sporadic outage, sufferers said. Inadequate and inefficient...

Stocks slide in cautious trading

Stocks slide in cautious trading

FE Online Report 2017-10-12 12:00:00

Stocks witnessed downward trend in early trading on Thursday as cautious investors continued on selling mood on sector-wise issues. Following the previous day’s decline, the Dhaka Stock Exchang...

Envoy Textiles recommends 12pc div

Envoy Textiles recommends 12pc div

FE Online Report 2017-10-12 12:00:00

The board of directors of Envoy Textiles Limited has recommended 7.0 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Thursday. The fi...

President for developing stress tolerant crops

President for developing stress tolerant crops

-- 2017-10-12 12:00:00

President M Abdul Hamid Thursday asked researchers, experts and others concerned to create stress-tolerant crop varieties for sustainable socio-economic development of the country. "There is no alte...

Poverty alleviation by 2024: Muhith

Poverty alleviation by 2024: Muhith

UNB 2017-10-12 11:01:48

Finance Minister AMA Muhith has said Bangladesh will achieve success in alleviating poverty by 2024. The minister came up with the assertion while addressing at an international seminar titled 'Towa...

Global Hunger Index: Bangladesh condition 'serious' but better than India, Pakistan

Global Hunger Index: Bangladesh condition 'serious' but better than India, Pakistan

Syed Ali Asfar 2017-10-12 07:48:56

Bangladesh has been ranked 88th out of 119 countries on the Global Hunger Index this year. The report was released by Washington-based International Food Policy Research Institute (IFPRI). The GHI,...

DSEX dips below 6,100-mark

DSEX dips below 6,100-mark

FE Online Report 2017-10-12 04:25:36

Stocks extended the losing streak for the second day in a row on Thursday, with key index of the major bourse dipping below 6,100-mark again, as cautious investors continued on selling binge. Dealers...

UNDESA mission  exchanges views  with FBCCI  leaders

UNDESA mission exchanges views with FBCCI leaders

-- 2017-10-11 12:51:43

A mission from Committee for Development Policy (CDP) Secretariat of UNDESA (United Nations Department of Economic and Social Affairs ) met FBCCI President Md Shafiul Islam (Mohiuddin) at FBCCI Bhab...

Banking shares lift markets

Banking shares lift markets

FE Online Report 2017-10-11 12:00:00

The prices of most of the shares on both bourses witnessed upward trend in early trading on Wednesday as optimistic investors went on buying binge on large-cap issues amid earnings expectation. Follo...

IMF projects 7.0pc growth for Bangladesh

IMF projects 7.0pc growth for Bangladesh

FE Online Report 2017-10-11 12:00:00

International Monetary Fund (IMF) on Tuesday projected that Bangladesh economy would grow by 7.0 per cent rate in the current fiscal year (FY18). The fund unveiled the projection in its latest World...

Stylecraft recommends 90pc div

Stylecraft recommends 90pc div

FE Online Report 2017-10-11 12:00:00

The board of directors of Stylecraft Limited has recommended 10 per cent cash and 80 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday. The final a...

JMI Syringes recommends 30pc div

JMI Syringes recommends 30pc div

FE Online Report 2017-10-11 12:00:00

The board of directors of JMI Syringes & Medical Devices Limited has recommended 30 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday. The fin...

Apparel exports to China, Japan fall

Apparel exports to China, Japan fall

Monira Munni 2017-10-11 10:15:07

Bangladesh's apparel exports to China and Japan -- world's second-and third-largest economies -- fell significantly this fiscal so far as businesses failed to reap benefit of duty-free market access....

Shepherd Industries recommends 10pc stock div

Shepherd Industries recommends 10pc stock div

FE Online Report 2017-10-11 01:46:09

The board of directors of Shepherd Industries Limited has recommended 10 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday. The final approval of d...

SDL recommends 18.50pc dividend

SDL recommends 18.50pc dividend

FE Online Report 2017-10-11 01:35:46

The board of directors of Shasha Denims Limited (SDL) has recommended 12.50 per cent cash and 6.0 per cent stock dividend for the year ended on June 30, 2017, said an official disclosure on Wednesday....

ICMAB organises  workshop in Ctg  on cost audit

ICMAB organises workshop in Ctg on cost audit

-- 2017-10-10 12:31:10

The Chittagong Branch Council (CBC) of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a workshop titled 'Cost Audit - A Practical Approach' recently at Agrabad, sai...

State-run sugar mills' losses reach Tk 30b

State-run sugar mills' losses reach Tk 30b

Rezaul Karim 2017-10-10 12:30:03

State-run sugar mills' losses are gradually increasing as they are not adjusting production costs with accumulated losses hitting a new high of around Tk 30 billion, officials said. "The cash-strappe...

ACME Laboratories recommends 35pc cash div

ACME Laboratories recommends 35pc cash div

FE Online Report 2017-10-10 12:27:44

The board of directors of ACME Laboratories Limited has recommended 35 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Tuesday. The final approval of divide...

Economy faces downside risks

Economy faces downside risks

Siddique Islam 2017-10-10 12:00:00

The country's conomy faces some downside risks in the near term predominantly for an upturn in inflation, says a quarterly review by the central bank. The latest Bangladesh Bank Quarterly (BBQ) outlo...