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The Financial Express

Search results for: bangladesh

IBN SINA approves 30pc cash dividend

IBN SINA approves 30pc cash dividend

FE DESK REPORT 2019-11-15 10:46:11

The 35th annual general meeting (AGM) of The IBN SINA Pharmaceutical Industry Ltd was held at Emmanuelle's Convention Centre in the city on Thursday, said a statement. Shah Abdul Hannan, Chairman of...

Govt adopts new strategy to curb money laundering

Govt adopts new strategy to curb money laundering

REZAUL KARIM 2019-11-15 10:42:27

The government has adopted a new strategy to combat trade-based money laundering and illicit financial outflow from the country with the incorporation of a few stringent provisions into it, officials...

Kamal vows to cut tax rates using all matrixes

Kamal vows to cut tax rates using all matrixes

FE REPORT 2019-11-15 10:19:10

Finance Minister A H M Mustafa Kamal has promised to reduce tax rates using all economic matrixes. The government will assess as to what extent it can reduce the tax rates by keeping tax collection c...

Top 20 defaulters: BB asks state banks to ramp up recovery

Top 20 defaulters: BB asks state banks to ramp up recovery

SIDDIQUE ISLAM 2019-11-15 09:59:49

The central bank has asked four state-owned commercial banks, or SoCBs, to gear up the recovery drive, keeping in mind top 20 defaulters. The instruction was given at a meeting held at the Banglade...

Stocks extend losses as major sectors tumble

Stocks extend losses as major sectors tumble

FE ONLINE REPORT 2019-11-14 18:10:34

Stocks extended the losing streak for the third straight session on Thursday as worried investors continued their selling binge on major sectors shares. DSEX, the prime index of the Dhaka Stock Excha...

Jamuna Oil recommends 130pc dividend

Jamuna Oil recommends 130pc dividend

FE Online Report 2019-11-14 11:49:09

The board of directors of state-run Jamuna Oil Company Ltd has recommended 130 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Thursday. The final approval...

Stocks witness mixed trend amid cautious trades

Stocks witness mixed trend amid cautious trades

FE Online Report 2019-11-14 11:46:15

Stocks witnessed mixed trend in early hour trading on Thursday as investors are mostly followed cautious stance amid ongoing quarterly earnings declarations. Following the previous day’s downwa...

MI Cement to form three subsidiary cos

MI Cement to form three subsidiary cos

FE Report 2019-11-14 10:58:26

MI Cement Factory Ltd has approved formation of three subsidiary companies -- Ocean Voyager Shipping Lines, Ocean Victory Shipping Lines and Ocean Vision Shipping Lines. The board of directors of the...

Stocks plunge amid selling binge

Stocks plunge amid selling binge

FE Online Report 2019-11-13 16:12:13

Stocks ended lower on Wednesday, after remaining flat in the previous day, as investors mostly on selling binge on sector-wise large-cap shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Better logistics can help Bangladesh boost exports: WB

Better logistics can help Bangladesh boost exports: WB

-- 2019-11-13 14:54:37

Bangladesh needs to improve its transport and logistics systems to meet the needs of its growing economy and boost export growth, said a new World Bank report launched on Wednesday. The report &ndash...

Heidelberg to acquire Emirates Cement, Emirates Power

Heidelberg to acquire Emirates Cement, Emirates Power

FE Online Report 2019-11-13 13:54:07

The board of directors of Heidelberg Cement Bangladesh Ltd has approved the acquisition of 100 per cent shareholding of Emirates Cement and Emirates Power from UltraTech Cement Middle East Investmen...

Regent Textile recommends 5.0pc stock dividend

Regent Textile recommends 5.0pc stock dividend

FE Online Report 2019-11-13 13:42:41

The board of directors of Regent Textile Mills Ltd has recommended 5.0 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Wednesday. The final approval of div...

MI Cement to form three subsidiary companies

MI Cement to form three subsidiary companies

FE Online Report 2019-11-13 13:41:24

The board of directors of MI Cement Factory Ltd has approved formation of the three subsidiary companies -- Ocean Voyager Shipping Lines, Ocean Victory Shipping and Ocean Vision Shipping Lines. The b...

Bourses down in early trading

Bourses down in early trading

FE Online Report 2019-11-13 12:04:29

Stocks witnessed a downward trend in early hour of trading on Wednesday as risk-averse investors went on selling binge on sector-wise shares. Following the previous day’s downturn, the Dhaka St...

DSE broker asked to clear the dues

DSE broker asked to clear the dues

FE Report 2019-11-13 11:00:22

The securities regulator has asked a broker of Dhaka Stock Exchange (DSE) to pay the dues of its client within 30 days. As per the instruction, Ali Securities, a TREC holder of the DSE, will have to...

Apex Footwear holds 29th AGM

Apex Footwear holds 29th AGM

FE Online Desk 2019-11-13 10:57:10

The 29th annual general meeting (AGM) of Apex Footwear Limited was held on Tuesday at Gulshan's Lakeshore Hotel in the capital. Mr Syed Manzur Elahi, chairperson of the company, presided over the mee...

Dhaka stocks inch down after four-day rally

Dhaka stocks inch down after four-day rally

FE Online Report 2019-11-12 16:43:25

Stocks faced a mild correction on Tuesday, snapping a four-day rally, as risk-averse investors opted for quick-profit on sector specific shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE...

Bashundhara Paper declares 15pc dividend

Bashundhara Paper declares 15pc dividend

FE Online Report 2019-11-12 12:00:19

The board of directors of Bashundhara Paper Mills has recommended 15 per cent cash dividend for general shareholders (other than the sponsors-directors) for the year ended on June 30, 2019, said an of...

Meghna Cement recommends 15pc dividend

Meghna Cement recommends 15pc dividend

FE Online Report 2019-11-12 11:27:10

The board of directors of Meghna Cement Mills has recommended 10 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2019, said an official disclosure on Tuesday. The final a...

Bourses witness upturn in early trading

Bourses witness upturn in early trading

FE Online Report 2019-11-12 11:22:19

Stocks witnessed an upward trend in early trading on Tuesday as investors were showing their buying appetite on sector-wise shares. Following the previous day’s positive ending, the Dhaka Stock...

China's top co to help develop BD's financial market base

China's top co to help develop BD's financial market base

Babul Barman, back from Shenzhen, China 2019-11-12 10:04:16

Kingdom Technology, a leading financial technology provider in China, showed keen interest to develop Bangladesh's financial market infrastructures in collaboration with local firms. "We like to ente...

Private offering of corporate bonds drops in FY19

Private offering of corporate bonds drops in FY19

FE ONLINE REPORT 2019-11-11 13:14:46

Issuance of corporate debt securities or bonds through private placement declined in the past fiscal year (FY), according to statistics available with the central bank. It showed that some 23 compani...

Olympic Industries declares 50pc cash dividend

Olympic Industries declares 50pc cash dividend

FE Online Report 2019-11-11 12:31:48

The board of directors of Olympic Industries has recommended 50 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Monday. The final approval of dividend will...

Bourses witness gains at open

Bourses witness gains at open

FE Online Report 2019-11-11 11:38:22

Stocks on bourses witnessed an upward trend in early trading on Monday as some investors were showing their buying appetite on sector-wise shares. Following the previous week’s upbeat note, the...

BD to debut taka bond on London bourse today

BD to debut taka bond on London bourse today

-- 2019-11-11 11:24:10

The government is floating the first taka bond worth around millions of dollars on London Stock Exchange today (Monday). Backed by the World Bank Group’s private sector lending arm Internationa...

Country’s post-graduation challenges worry experts

Country’s post-graduation challenges worry experts

FE REPORT 2019-11-11 10:24:34

Bangladesh will have to address a few core policy challenges to achieve the upper-middle income country status by 2031, economists said. The challenges include ensuring equitable tax system, capital...

Banks’ assets-to-GDP ratio stands at 61.0 pc in FY19

Banks’ assets-to-GDP ratio stands at 61.0 pc in FY19

FE ONLINE REPORT 2019-11-10 10:47:25

The country’s banking sector assets-to-GDP (Gross Domestic Product) declined marginally in the past fiscal year (FY19), according to a report released by the central bank last week. It showed t...

Bangla Bond listing on London bourse tomorrow

Bangla Bond listing on London bourse tomorrow

-- 2019-11-10 09:58:28

The International Finance Corporation (IFC), a sister concern of the World Bank, is set to float the first-ever Bangladeshi Taka-denominated bond on the London Stock Exchange (LSE). The bond will be...

‘Infrastructure, skills crucial to develop ICT sector’

‘Infrastructure, skills crucial to develop ICT sector’

FE Online Report 2019-11-09 21:01:42

Lack of necessary infrastructure and skills need to be addressed to develop the information and communication technology (ICT) sector in the country. To this end, ICT R&D (research and developmen...

18 cos recommend div in last week

18 cos recommend div in last week

FE Report 2019-11-09 11:26:55

A total of 18 listed companies recommended dividend in last week ranging from 1.0 per cent to 100 per cent for the year ended on June 30, 2019. Most the companies have recommended cash dividend, whil...