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The Financial Express

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IPO subscription of New Line Clothings begins Monday

IPO subscription of New Line Clothings begins Monday

FE Report 2019-02-17 10:48:18

The subscription of initial public offering (IPO) of New Line Clothings will begin tomorrow (Monday). Through the IPO, the company will raise a fund worth Tk 300 million (30 crore) from the capital m...

Extended plant of GPH Ispat goes into production by June

Extended plant of GPH Ispat goes into production by June

Our Correspondent 2019-02-17 10:43:19

The extended plant of GPH Ispat is going into production with electric ark furnace quantum method (EAFQM) by June this year which will turn it into a reputed brand. This will enlighten the image of B...

Post-LDC challenge lies in incentivising exports

Post-LDC challenge lies in incentivising exports

Jasim Uddin Haroon 2019-02-17 09:40:12

Bangladesh in all likelihood would face challenges in relation to its export trade, once it shakes off its least developed country (LDC) status. The existing incentive regime will no more remain vali...

BIDA for reform of 'fiscal depreciation' provision in tax law

BIDA for reform of 'fiscal depreciation' provision in tax law

Doulot Akter Mala 2019-02-17 09:34:56

The Bangladesh Investment Development Authority (BIDA) has recently suggested updating of the fiscal depreciation, as mentioned in the third schedule of the income tax ordinance. During a meeting wit...

Weekly analysis: Major sectors lead stocks lower

Weekly analysis: Major sectors lead stocks lower

Babul Barman 2019-02-16 10:52:41

Stocks continued to decline, extending their losing streak for a third straight week that ended on Thursday, as investors keep selling shares of major sectors. The week featured five trading days as...

Fortune Shoes shines with highest turnover

Fortune Shoes shines with highest turnover

FE Report 2019-02-16 10:50:26

Fortune Shoes dominated the turnover chart of the Dhaka bourse last week that ended on Thursday while ten most traded companies accounted for nearly 28 per cent of the total transactions. Market anal...

Employment rate in BD exceeds global average: ILO

Employment rate in BD exceeds global average: ILO

-- 2019-02-15 21:55:34

International Labour Organisation (ILO) has said the employment rate in Bangladesh and other countries in the region exceeded the global average and was expected to remain so in the coming years in vi...

HR Textile to issue corporate bond

HR Textile to issue corporate bond

FE Online Report 2019-02-15 12:39:41

The board of directors of HR Textile Limited has decided to issue a seven years non-convertible redeemable fixed rate corporate bond with face value of Tk 500 million. The company has decided to issu...

Fortune Shoes tops turnover chart for third straight day

Fortune Shoes tops turnover chart for third straight day

FE Report 2019-02-15 10:47:48

Ten most traded companies grabbed more than 28 per cent of turnover of the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes remaining at the top of the chart for the third straight session....

Incentive pays off as exports to new mkts on upswing

Incentive pays off as exports to new mkts on upswing

Jasim Uddin Haroon 2019-02-15 09:49:41

The government's efforts to incentivise the exporters reaching out to new markets beyond the traditional export destinations are paying off, people familiar with the matter have told the FE. The proc...

Green Delta, InfoCorp join hands to facilitate livestock insurance

Green Delta, InfoCorp join hands to facilitate livestock insurance

FE Report 2019-02-14 22:08:16

Green Delta Insurance Company in partnership with Singapore-based InfoCorp Technologies will conduct a pilot project to facilitate livestock insurance in the country. To this effect, both the compani...

Stocks end nearly flat, turnover rises

Stocks end nearly flat, turnover rises

FE Online Report 2019-02-14 15:41:16

Stocks managed to end higher on Thursday amid rising trading activities as investors were active both sides of trading fence. Market analysts said bargain hunters took position on stocks which suffer...

Renata to set-up subsidiary in Ireland

Renata to set-up subsidiary in Ireland

FE Online Report 2019-02-14 12:13:58

The board of directors of Renata Limited has approved the plan to establish a subsidiary company in Ireland fulfilling the regulatory requirement to export in EU countries. Renata, a pharmaceutical a...

Stocks rise on buying spree

Stocks rise on buying spree

FE Online Report 2019-02-14 12:01:17

The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Thursday as some investors are showing their buying spree. Following the previous day’s modest g...

NBR plans 32 more tax zones across Bangladesh

NBR plans 32 more tax zones across Bangladesh

-- 2019-02-14 11:34:24

The government has decided to establish 32 more tax zones across the country to bring more taxpayers in the tax net for improving the revenue collection to comply with the increasing target of tax col...

BSEC fines company, two individuals Tk 23m

BSEC fines company, two individuals Tk 23m

FE Report 2019-02-14 10:34:03

The securities regulator has imposed an aggregate amount of penalty -- Tk 23 million -- on a company and two individuals for their 'direct and indirect' involvement in the price hike of shares of a li...

Top ten cos account for 29pc turnover on DSE

Top ten cos account for 29pc turnover on DSE

FE Report 2019-02-14 10:32:32

Fortune Shoes dominated the turnover chart of the Dhaka bourse for the second straight session on Wednesday while ten most traded companies grabbed more than 29 per cent of total transactions. Market...

Export performance of many sectors falls short of expectations

Export performance of many sectors falls short of expectations

Jasim Uddin Haroon 2019-02-14 09:39:11

Exports from many sectors in the economy either took slow lane of growth or swung between their highs and lows despite subsidies doled out over the years. The sectors putting on this lacklustre show...

BB warns of fraud in Fintech services

BB warns of fraud in Fintech services

Siddique Islam 2019-02-14 09:24:22

Bangladesh's payment service providers will have to take prompt remedial measures against frauds and forgery for ensuring public confidence in the financial system, the central bank has said. Cross...

Stocks rebound after three days of losses

Stocks rebound after three days of losses

FE Online Report 2019-02-13 17:47:50

Stocks rebounded on Wednesday, snapping a three-day losing streak, as optimistic investors showed their buying appetite on large-cap shares. Market analysts said bargain hunters took position on lucr...

Bangladesh, UAE to sign two agreements

Bangladesh, UAE to sign two agreements

-- 2019-02-13 16:46:24

Bangladesh and the United Arab Emirates (UAE) will sign two investment-related deals during Prime Minister Sheikh Hasina’s three-day visit to the Middle Eastern nation, starting on Feb 17. &ldq...

LankaBangla Finance recommends 15pc cash dividend

LankaBangla Finance recommends 15pc cash dividend

FE Online Report 2019-02-13 12:28:02

The board of directors of LankaBangla Finance has recommended 15 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Wednesday. The final approval of divide...

DSE, CSE gain at opening

DSE, CSE gain at opening

FE Online Report 2019-02-13 11:31:18

The prices of most of the shares on both the bourses witnessed an upward trend in the early hour of trading on Wednesday as some investors were showing their buying spree. Following the previous day&...

BSEC to scrap licences of errant market players

BSEC to scrap licences of errant market players

FE Report 2019-02-13 09:22:26

Bangladesh Securities and Exchange Commission (BSEC) will scrap licences of the errant merchant banks, brokerage houses and dealers, its Chairman Dr M Khairul Hossain reiterated the warning on Tuesday...

Stocks end flat amid high turnover

Stocks end flat amid high turnover

FE Online Report 2019-02-12 15:57:42

Stocks ended almost flat Tuesday with rising trading activities as investors were active on both sides of trading fence. Following the previous two days’ correction, the Dhaka Stock Exchange (D...

Atlas BD sings business deal with TVSAB

Atlas BD sings business deal with TVSAB

FE Online Report 2019-02-12 12:05:06

Atlas Bangladesh, a state-run listed company, signed a five year business agreement with TVS Auto Bangladesh (TVS) on Monday, said an official disclosure. Earlier on May 24, last year, Atlas BD signe...

IPO subscription of Silco Pharma to begin March 07

IPO subscription of Silco Pharma to begin March 07

FE Online Report 2019-02-12 12:04:25

The initial public offering (IPO) subscription of Silco Pharmaceuticals is set to begin on March 07 which will raise a fund worth Tk 300 million from the capital market. The public subscription will...

DSE, CSE shine at opening

DSE, CSE shine at opening

FE Online Report 2019-02-12 11:28:04

The prices of most of the shares on bourses witnessed upward trend in early hour of trading on Tuesday as some investors are showing their buying spree. Following the previous two days’ correct...

Proposed KEZ set to get licence

Proposed KEZ set to get licence

Saif Uddin 2019-02-12 10:37:15

The proposed Kishoreganj Economic Zone (KEZ), a venture of Nitol Niloy Group, is set to obtain licence from the authorities concerned, officials related with the development have said. The zone wou...

Bashundhara Paper installs new tissue machine

Bashundhara Paper installs new tissue machine

FE Report 2019-02-12 10:32:35

The Bashundhara Paper Mills has set up a new European brand automated tissue machine using the IPO fund, its board of directors has announced. Bashundhara Paper Mills, a concern of the country's lead...