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The Financial Express

Search results for: bangladesh

Muhith seeks info on state of banks

Muhith seeks info on state of banks

Rezaul Karim 2018-07-17 11:15:32

Finance Minister AMA Muhith has sought detailed and updated information about the country's scheduled banks. Mr Muhith asked the senior secretary of the Financial Institutions Division (FID) to take...

Share price of Monno Jute Stafflers exceeds Tk 4,000 each

Share price of Monno Jute Stafflers exceeds Tk 4,000 each

FE Report 2018-07-17 10:27:15

The price of shares of Monno Jute Stafflers continued to soar unusually as its share price jumped 5.0 per cent further, exceeding Tk 4,000 per share on Monday. The share price increased Tk 191.31 e...

Bidding for Laldia terminal by July

Bidding for Laldia terminal by July

Syful Islam 2018-07-17 10:19:11

The bidding for the construction of Laldia multi-purpose terminal in Chattogram will take place by this month, officials said. To this end, the Public-Private Partnership Authority (PPPA) has recentl...

Govt's revenue from capital market falls 7.61pc in FY'18

Govt's revenue from capital market falls 7.61pc in FY'18

Mohammad Mufazzal 2018-07-17 09:57:58

The government's revenue earnings from the capital market declined 7.61 per cent or Tk 312.70 million in the just concluded fiscal year (FY 2017-18) compared to the previous FY. The earnings declined...

Stocks end flat with falling turnover

Stocks end flat with falling turnover

FE Online Report 2018-07-16 17:19:04

Stocks ended almost flat on Monday as late hours selling pressure wiped most of the early gains. Dealers said the risk-averse investors sold shares in the later part of the session amid ongoing ear...

GP shares jump on profit growth

GP shares jump on profit growth

-- 2018-07-16 13:36:48

Shares of Grameenphone, the Bangladesh unit of Norway’s Telenor, surged as much as 4.93 per cent to its highest intraday level since Jun 26 on the Dhaka Stock Exchange (DSE). The company report...

Govt extends IPO quota facility for one more yr

Govt extends IPO quota facility for one more yr

FE Report 2018-07-16 11:16:16

The government has extended the IPO quota facility for one more year to June 30 next year for the small investors, who were affected by the capital market debacles in 2010-11. The finance ministry is...

Microcredit gains momentum

Microcredit gains momentum

FE Report 2018-07-16 10:39:32

The number of microcredit beneficiaries across the country rose significantly in one year to June 2016, according to the Microcredit Regulatory Authority (MRA) data. The total number of loan recipien...

Record govt servants to retire this FY

Record govt servants to retire this FY

Jasim Uddin Haroon 2018-07-16 09:54:29

A record number of public servants are set to go into retirement during the current fiscal year (FY), 2018-19. The government will require an amount estimated at Tk 260.47 billion to meet their pensi...

Stocks begin week on negative note

Stocks begin week on negative note

FE Online Report 2018-07-15 19:47:14

Stocks extended losses for the second straight session on Sunday as investors continued on selling shares. However, daily trade turnover exceeded Tk 9.0 billion-mark and stood at Tk 9.55 billion on t...

BD’s position drops in global innovation index

BD’s position drops in global innovation index

FE Online Report 2018-07-15 16:38:05

The position of Bangladesh in the latest global index of innovation has dropped by two steps. The country ranked 116th among 126 countries in the Global Innovation Index (GII)-2018 which is co-publis...

SK Trims & Industries makes trading debut today

SK Trims & Industries makes trading debut today

FE Report 2018-07-15 10:37:40

SK Trims & Industries makes its shares trading debut today (Sunday) on the bourses under "N" category, officials said. DSE trading code for SK Trims & Industries is "SKTRIMS" and company code...

Secondary trading slips by 62pc in FY ‘18

Secondary trading slips by 62pc in FY ‘18

FE Report 2018-07-15 10:29:41

Secondary trading of treasury bills and treasury bonds has dropped sharply during the last fiscal year, reflecting the lower demand for the government securities. Latest statistics with the central b...

NHFIL registers steady growth in last five years

NHFIL registers steady growth in last five years

Mohammad Mufazzal 2018-07-15 10:25:42

National Housing Finance and Investments Limited (NHFIL) registered a steady growth in net profit during last five years, facilitating it to pay dividend at an incremental rate over the period. The o...

BB asks banks to remain alert over import-export mismatch

BB asks banks to remain alert over import-export mismatch

FE Online Report 2018-07-14 13:10:46

Bangladesh Bank (BB) governor Fazle Kabir on Saturday called the public and private commercial banks to remain alert over the growing mismatch in the growth of import and export. He indicated that su...

Weekly analysis: Stocks end flat amid high turnover

Weekly analysis: Stocks end flat amid high turnover

FE Report 2018-07-14 10:56:35

Stocks finished almost flat last week that ended Thursday as investors booked some profits with cautious positioning. Brokers said some investors preferred to take the approach while some others cont...

New exportables up for cash incentives

New exportables up for cash incentives

Rezaul Karim 2018-07-14 10:29:32

New eligible traditional and non-traditional export items are going to get cash incentive/subsidy this fiscal year (FY), 2018-19, sources said. The government has made the initiative to bring new p...

Tk 45 fixed as Esquire Knit's cut-off price

Tk 45 fixed as Esquire Knit's cut-off price

FE Report 2018-07-14 10:06:42

The cut-off price of Esquire Knit Composite share has been fixed at Tk 45 each, as discovered by institutional investors through bidding under a book-building method. Esquire Knit Composite, a busine...

Procurement troubles plague execution of Indian LoC projects

Procurement troubles plague execution of Indian LoC projects

FHM Humayan Kabir 2018-07-14 09:20:33

Bangladesh and India recently sat together to review eight slow-moving projects under the Line of Credit (LoC) characterised by procurement complexities, officials said on Friday. Eight projects invo...

NBR software in the offing to check banks’ VAT evasion

NBR software in the offing to check banks’ VAT evasion

-- 2018-07-13 17:36:34

The National Board of Revenue (NBR) is going to install its own internet-based software in all the commercial banks, aiming to check the growing cases of VAT evasion at source. This software will in...

Monno Ceramic to double production capacity

Monno Ceramic to double production capacity

Babul Barman 2018-07-13 11:19:28

Monno Ceramic Industries, a flagship company of Monno Group, is set to modernise its factory for doubling the production capacity, officials said. As part of the modernisation, the company is impor...

DSE to drop IBBL from DS30 index

DSE to drop IBBL from DS30 index

FE Report 2018-07-13 11:11:37

Islami Bank Bangladesh Limited (IBBL) will be dropped from the blue chip index DS30 for the company's failure to comply with the membership retaining requirements. The Dhaka Stock Exchange (DSE) reba...

Current account deficit crosses $9.0b in 11 months

Current account deficit crosses $9.0b in 11 months

FE Report 2018-07-13 10:04:45

The country's current account deficit crossed $ 9.0 billion in the first eleven months of the fiscal year just gone by, the central bank said. Bangladesh Bank data showed that the current account def...

Govt’s bank borrowing balloons as ADP execution revs up

Govt’s bank borrowing balloons as ADP execution revs up

Siddique Islam 2018-07-13 09:47:54

The government's net borrowing from the banking system marked an abrupt jump in the last week of June, driven by demand from development projects. Such borrowing was at a negative level, amounting to...

FY '18 foreign aid flow up by 66pc

FY '18 foreign aid flow up by 66pc

FHM Humayan Kabir 2018-07-13 09:38:32

The flow of foreign aid into Bangladesh surged by a whopping 66 per cent to a record US$6.12 billion during the last fiscal year (FY), the government said. During FY 2016-17, foreign development part...

Stocks retreat after two days of gains

Stocks retreat after two days of gains

FE Online Report 2018-07-12 16:07:14

Stocks slipped into the red on Thursday, snapping the two-day gaining streak, as investors sold shares to pocket some profits. The market started on positive note and the key index of the prime bours...

Stocks reverse lower

Stocks reverse lower

FE Online Report 2018-07-12 11:52:48

Stocks witnessed downward trend in early hour of trading Thursday as risk-averse investors went on selling shares on sector-wise stocks. Following the last two days’ positive trend, the Dhaka...

BR announces start of Padma Rail project work

BR announces start of Padma Rail project work

Munima Sultana 2018-07-12 10:04:34

The Bangladesh Railway (BR) formally announced the commencement of Padma Rail Link project two months after signing a loan deal with China. The announcement came after meeting all the conditions atta...

BPDB, GE sign deal for Moheshkhali power plant

BPDB, GE sign deal for Moheshkhali power plant

-- 2018-07-11 19:09:37

The Bangladesh Power Development Board has signed a deal with General Electric to build a 3,600MW LNG-based power plant in Moheshkhali of Cox's Bazar. The memorandum of understanding was signed in Dh...

SK Trims to make debut July 15

SK Trims to make debut July 15

FE Online Report 2018-07-11 16:07:16

SK Trims and Industries will make its shares trading debut on July 15 (Sunday) on the stock exchanges under “N” category, officials said. SK Trims, which received approval from the Bang...