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The Financial Express

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Bangladesh market sees highest number of IPOs in a decade

Bangladesh market sees highest number of IPOs in a decade

BABUL BARMAN 2021-09-26 11:12:57

Private companies have offloaded primary shares worth Tk 10 billion in nine months during January-September 2021, the highest amount in a decade, amid virus-induced sluggish economic activities. The...

DCCI's International Investment Summit begins on October 26

DCCI's International Investment Summit begins on October 26

FE REPORT 2021-09-26 08:55:02

To attract investments from six continents, a week-long International Investment Summit will begin on October 26, where the country will be promoted as an attractive trading destination to global bu...

ADB approves $250m policy-based loan for Bangladesh CMSMEs

ADB approves $250m policy-based loan for Bangladesh CMSMEs

FE ONLINE REPORT 2021-09-25 17:01:10

The Asian Development Bank (ADB) on Saturday approved a $250 million policy-based loan to support Bangladesh’s economic recovery following the COVID-19 pandemic. The Board of Directors of the M...

Bangladesh’s development plan to address Covid-19 consequences: Official

Bangladesh’s development plan to address Covid-19 consequences: Official

FE ONLINE REPORT 2021-09-25 15:16:57

The country’s long-term development plan needs to include measures to remedy the consequences of the Covid-19 pandemic, a Planning Commission Member has acknowledged. Nasima Begum also told a w...

DSE-SME platform to be launched on September 30

DSE-SME platform to be launched on September 30

FE REPORT 2021-09-25 08:39:07

Dhaka Stock Exchange (DSE) is going to launch the newly introduced DSE-SME platform on September 30 with share trading of six companies. The inaugural ceremony of the new platform for small and mediu...

Stocks trade mixed as investors turn cautious

Stocks trade mixed as investors turn cautious

BABUL BARMAN 2021-09-25 08:35:42

Stocks posted a moderate rise in the outgoing week, after a single-week break, with investors maintaining a cautious stance amid high volatility. Week on week, the benchmark DSEX index of Dhaka Stock...

Stimulus: boon to midsize units, bane for minors

Stimulus: boon to midsize units, bane for minors

JASIM UDDIN HAROON 2021-09-25 08:28:09

Loan disbursement from the stimulus package dedicated to cottage, micro, small and medium enterprises was far below the mark, but, yet, midsize ones made the most out of it for their closer kinship...

China declares all cryptocurrency transactions illegal

China declares all cryptocurrency transactions illegal

-- 2021-09-24 19:05:56

China's central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were ba...

Evince Textiles tops gainer list after merger news

Evince Textiles tops gainer list after merger news

FE REPORT 2021-09-24 11:12:19

Evince Textiles topped the gainer's list on Thursday as the company announced to merge with its subsidiary, Evitex Fashions in order to reduce operational costs. The textile company's share closed...

Bangladesh's economic recovery ‘on track’, says central bank

Bangladesh's economic recovery ‘on track’, says central bank

SIDDIQUE ISLAM 2021-09-24 09:47:45

The central bank sees a possible broad-based economic recovery in the near future due to improvement in Covid situation and wider reopening. It, however, warned of lurking downside risks from both...

RD Food to launch four new products

RD Food to launch four new products

FE ONLINE REPORT 2021-09-23 17:17:45

The board of directors of Rangpur Dairy & Food Products Limited has taken the decision to launch four new products and launch a new brand name which will include 12 products (December 25, 2021)....

Bangabandhu’s ‘Sonar Bangla’ dream yet to come true: Development thinkers

Bangabandhu’s ‘Sonar Bangla’ dream yet to come true: Development thinkers

FE ONLINE REPORT 2021-09-23 17:13:50

Bangladesh still has a long way to go to accomplish the vision of ‘Sonar Bangla’ or the golden Bengal, as dreamt of by Bangabandhu, economic analysts and former officials say. They regret...

Bangladesh Bank eases rules to release foreign exchange for private purposes

Bangladesh Bank eases rules to release foreign exchange for private purposes

FE ONLINE REPORT 2021-09-23 14:31:08

The central bank of Bangladesh has simplified its regulations on releasing foreign exchange for private travel purposes. Under the relaxations, authorised dealer (AD) banks have been allowed to endor...

Tax receipts from DSE up 82pc in July-August

Tax receipts from DSE up 82pc in July-August

BABUL BARMAN 2021-09-23 13:24:03

The bullish capital market helped the government to collect higher revenue from the Dhaka Stock Exchange (DSE) as month-on-month tax collection soared 74 per cent in August riding on higher trading ac...

Meghna Petroleum signs business deal with Delta LPG

Meghna Petroleum signs business deal with Delta LPG

FE REPORT 2021-09-23 12:56:00

Meghna Petroleum, a state-run listed company, has signed an agreement with Delta LPG, a concern of TK Group of Industries, as part of its business expansion. Under the agreement, Delta LPG will sell...

Bourses open higher as engineering, pharma stocks shine

Bourses open higher as engineering, pharma stocks shine

FE ONLINE REPORT 2021-09-23 11:29:13

Stocks opened higher on Thursday after the previous day’s marginal correction as bargain hunters were putting fresh bets on engineering and pharma sector shares. Following the previous day&rs...

‘Interest rates on savings tools still higher than other deposit schemes’

‘Interest rates on savings tools still higher than other deposit schemes’

FE ONLINE DESK 2021-09-22 20:21:30

Finance Minister AHM Mustafa Kamal has said although the government has lowered the interest rates on different national savings instruments, the interest rates on savings certificates are still highe...

Stocks snap two-day winning streak

Stocks snap two-day winning streak

FE ONLINE REPORT 2021-09-22 15:47:14

Stocks slipped into the red on Wednesday, spanning a two-day gaining streak, as the risk-averse investors opted for booking profit from the recent price surge in the later part of the session. The ma...

Bangladesh "on a mission" as WB tells the story of development journey 

Bangladesh "on a mission" as WB tells the story of development journey 

FE ONLINE DESK 2021-09-22 13:11:32

A relatively young country having gained independence a little over 50 years ago, Bangladesh has still made exceptional strides in reducing poverty and boosting shared prosperity over the last five...

ADB cuts Bangladesh growth forecast in pandemic fallout

ADB cuts Bangladesh growth forecast in pandemic fallout

-- 2021-09-22 12:46:29

The Asian Development Bank has cut Bangladesh’s growth forecast from 6.8 per cent to 5.5 per cent for 2021 in its latest report on the state of Asian economies. The Manila-based institution als...

IBN SINA declares 47pc cash dividend for 2021

IBN SINA declares 47pc cash dividend for 2021

FE ONLINE REPORT 2021-09-22 11:34:23

The board of directors of The IBN SINA Pharmaceutical Industry has recommended a 47 per cent cash dividend for the year ended on June 30, 2021. The final approval of the dividend will come at the ann...

DSEX crosses 7300-mark at opening

DSEX crosses 7300-mark at opening

FE ONLINE REPORT 2021-09-22 11:00:00

Stocks opened higher on Wednesday with the key index of the country's major bourse crossing the 7,300-mark as buoyant investors were buying selective large-cap shares riding on government moves to cut...

Active beneficiary owners' accounts decrease 33.51pc

Active beneficiary owners' accounts decrease 33.51pc

Mohammad Mufazzal 2021-09-22 08:47:37

Number of active BO (beneficiary owner's) accounts declined 33.51 per cent in nearly last four months mainly because of reduced scope of applying for IPO (initial public offering) shares, insiders sai...

ADB launches new partnership strategy for Bangladesh

ADB launches new partnership strategy for Bangladesh

-- 2021-09-21 19:51:12

The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Bangladesh that aims to boost competitiveness and employment and promote green growth and climate resilience....

Govt slashes rates on savings certificates

Govt slashes rates on savings certificates

FE ONLINE REPORT 2021-09-21 14:36:59

The government on Tuesday lowered the rate of return on savings schemes. The Internal Resources Division (IRD) under the Ministry of Finance (MoF) issued a notification to this effect on Tuesday. Th...

Capital market to emerge as main source of long-term financing

Capital market to emerge as main source of long-term financing

FE ONLINE REPORT 2021-09-21 13:35:28

Land Minister Saifuzzaman Chowdhury said the capital market would surely emerge as the main source of long-term financing very soon in Bangladesh. Urging the foreign investors and businessmen to inve...

Mostafa Metal subscription begins on Sept 26

Mostafa Metal subscription begins on Sept 26

FE REPORT 2021-09-21 09:59:04

Subscription for shares of Mostafa Metal Industries will be started from September 26 through Qualified Investor Offer (QIO). The company's subscription through electronic system of stock exchanges w...

Beximco tops turnover chart in a volatile market

Beximco tops turnover chart in a volatile market

FE REPORT 2021-09-21 09:53:16

Dhaka bourse closed the Monday's session with a marginal rise in broad index amid day-long volatility as many investors booked profits while others opted for observing the market's movement. On the d...

Bangladesh Bank relaxes forex rules in export, import

Bangladesh Bank relaxes forex rules in export, import

FE REPORT 2021-09-21 08:35:19

The Bangladesh Bank (BB) has brought relaxation in foreign-exchange regulations in export, import, remittance and other trade services to overcome economic challenges of the Covid-19 pandemic, said BB...

Four more products will receive cash incentives against export, says BB

Four more products will receive cash incentives against export, says BB

-- 2021-09-20 21:16:31

Four more products will get cash incentives from the government against their exports, according to the central bank. The new products, each of which will receive the cash support at the rate of 4.0...