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The Financial Express

Search results for: bangladesh

Esquire Knit's IPO bidding begins Monday

Esquire Knit's IPO bidding begins Monday

FE Report 2018-07-07 10:44:34

The bidding for discovering the cut-off price of Esquire Knit Composite's IPO shares by eligible investors is set to begin Monday (July 9). The bidding of the company's shares will be continued rou...

Weekly analysis: Stocks extend losses for fourth week

Weekly analysis: Stocks extend losses for fourth week

FE Report 2018-07-07 10:30:01

Stocks extended losses for the fourth straight week that ended on Thursday despite the investors showed buying appetite in the last two sessions. The week featured four trading sessions as the mark...

H1 outbound jobs nosedive by 25pc

H1 outbound jobs nosedive by 25pc

Arafat Ara 2018-07-07 09:29:04

The number of Bangladeshi workers going abroad with jobs dropped by about 25 per cent in the first half (H1) of the current calendar year (2018) compared to that in the corresponding period of the pre...

NBR seeks income tax information of private sector employees

NBR seeks income tax information of private sector employees

-- 2018-07-06 17:16:15

The National Board of Revenue (NBR) has taken a move to collect income tax information of private sector employees every year. The revenue collecting authority plans to plug the loopholes of tax evas...

Govt's earnings from DSE fall 5.28pc in FY18

Govt's earnings from DSE fall 5.28pc in FY18

FE Report 2018-07-06 11:17:34

The government's revenue earnings from the Dhaka bourse fell 5.28 per cent in the just concluded fiscal year (FY) compared to the previous fiscal. Market insiders said the sluggish trading activiti...

BD pays $1.27b to ACU for May-June imports

BD pays $1.27b to ACU for May-June imports

Siddique Islam 2018-07-06 11:17:00

Bangladesh has made a routine payment of US$ 1.27 billion to the Asian Clearing Union (ACU) against the imports during May-June period of this calendar year, officials said. After the payment, the co...

Economic zones, hi-tech parks to help create ‘12m jobs by 2030’

Economic zones, hi-tech parks to help create ‘12m jobs by 2030’

FE Report 2018-07-06 10:43:00

The government set its sight on creating 12 million (1.2 crore) jobs by 2030 through economic zones and hi-tech parks, speakers said at a workshop on Thursday. The workshop on 'development and cooper...

ADB to provide $45.4m to promote solar-powered irrigation

ADB to provide $45.4m to promote solar-powered irrigation

-- 2018-07-05 18:25:33

The Asian Development Bank (ADB) will provide Bangladesh with US$ 20 million as loan from its Power System Efficiency Improvement Project and with an additional US$ 25.44 million in grant financing to...

Govt envisages 12m employment by 2030

Govt envisages 12m employment by 2030

FE Online Report 2018-07-05 17:18:30

The government envisages generating 12 million employment by 2030 through economic zones and high tech parks, speakers at a workshop said yesterday (Wednesday). The workshop titled 'The Development a...

DSE turnover exceeds Tk 9.0b mark

DSE turnover exceeds Tk 9.0b mark

FE Online Report 2018-07-05 16:05:09

Stocks extended their gaining streak for the second day in a row with turnover on the major bourse crossing Tk 9.0 billion-mark, powered by investors buying spree. The market started on positive no...

Stocks move sharply at opening

Stocks move sharply at opening

FE Online Report 2018-07-05 11:35:52

Prices of most of the shares on bourses witnessed steep rise in early hour of trading on Thursday as optimistic investors are showing buying appetite on sector-wise stocks. Following the previous day...

Call to launch Sukuk for liquidity management

Call to launch Sukuk for liquidity management

FE Report 2018-07-05 11:27:17

Experts at a seminar on Wednesday called for introducing 'Sukuk' in the country as it can help the Islamic banks mobilise fund while managing liquidity. Sukuk means Islamic securities that are often...

Phoenix Finance approves 20pc cash div

Phoenix Finance approves 20pc cash div

-- 2018-07-05 11:07:39

Phoenix Finance & Investments Limited has approved 20 per cent cash dividend for its shareholders for the year ended on December 31, 2017 at the 23rd annual general meeting (AGM) of the company in...

Aman Cotton publishes IPO lottery results

Aman Cotton publishes IPO lottery results

FE Report 2018-07-05 10:50:45

Aman Cotton Fibrous will allocate 8.33 million ordinary shares among the successful applicants as the company held IPO lottery draw on Wednesday. The initial public offering (IPO) lottery draw was...

Exports see 5.81pc growth in FY18

Exports see 5.81pc growth in FY18

-- 2018-07-04 20:47:34

Country’s overall exports grew 5.81 per cent in the outgoing fiscal year (FY18) to $36.67 billion from $34.65 billion of the fiscal year 2016-17 (FY17) riding on the higher shipment of garment p...

'500 mmcfd LNG supply by this month'

'500 mmcfd LNG supply by this month'

-- 2018-07-04 19:56:02

The government will start the supply of 500 mmcfd liquefied natural gas (LNG) into the national grid by this month. Prime Minister's Energy Affairs Adviser Dr Towfiq-e-Elahi Chowdhury came up with th...

Stocks bounced back after three days of loses

Stocks bounced back after three days of loses

FE Online Report 2018-07-04 15:42:43

Stocks bounced back to the green on Wednesday, snapping a three days losing streak, as optimistic investors showed their buying appetite on sector-wise stocks. The market started on positive note a...

Energy exploration: Santos, KrisEnergy carry out 3D seismic survey

Energy exploration: Santos, KrisEnergy carry out 3D seismic survey

M Azizur Rahman 2018-07-04 11:59:54

The joint venture (JV) of Australian Santos and Singapore's KrisEnergy carried out a 3D (three dimensional) seismic survey in block SS-11 in the Bay of Bengal to explore hydrocarbon. The JV conducted...

Stocks soar at opening

Stocks soar at opening

FE Online Report 2018-07-04 11:47:12

Prices of most of the shares on bourses witnessed upward trend in early hour of trading on Wednesday as investors are active on sector specific stocks. Following the previous three days’ fall...

Dhaka-Ctg expressway project: RHD likely to invite tender in a month

Dhaka-Ctg expressway project: RHD likely to invite tender in a month

Munima Sultana 2018-07-04 11:38:27

A delay in taking the decision on the Dhaka-Chittagong expressway project by the finance ministry has compelled the Roads and Highways Department (RHD) to seek support from the PPP Authority to comple...

Aman Cotton’s IPO lottery draws begin

Aman Cotton’s IPO lottery draws begin

FE Report 2018-07-04 11:30:29

The IPO lottery draw of Aman Cotton Fibrous Limited started today (Wednesday) to allocate 8.33 million ordinary shares to the successful applicants. The initial public offering (IPO) lottery draw s...

Merchant banks get more time for loss provisioning

Merchant banks get more time for loss provisioning

FE Report 2018-07-04 10:52:12

The securities regulator has extended the timeframe by two years to complete provisioning of the unrealised losses in the portfolios of merchant banks and their clients. The Bangladesh Securities a...

Jute Spinner's share price soaring despite no production

Jute Spinner's share price soaring despite no production

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

The share price of Jute Spinners Limited, a "Z" category company, was soaring despite the company's production remained close since 2006. In three consecutive sessions, the share price jumped more th...

World Bank projects 6.7pc growth this fiscal

World Bank projects 6.7pc growth this fiscal

FE Report 2018-07-04 10:06:54

The World Bank (WB) has projected 6.7 per cent economic growth in fiscal year (FY) 2018-19 for Bangladesh. The global lending agency has made the projection in its 'Global Economic Prospects (GEP)' i...

Remittance inflow soars 17pc to $14.98b in last fiscal year

Remittance inflow soars 17pc to $14.98b in last fiscal year

FE Report 2018-07-04 09:39:40

The inflow of remittance jumped by more than 17 per cent or US$ 2.21 billion in the just-concluded fiscal year (FY), 2017-18, following higher fuel oil prices in the global market, officials said. Th...

BD received foreign assistance of $24b in 9 yrs: Muhith

BD received foreign assistance of $24b in 9 yrs: Muhith

-- 2018-07-03 20:49:25

Bangladesh received foreign assistance amounting to US$24 billion from various countries and development partners in the last nine years. Finance Minister AMA Muhith told it to the Parliament on Tues...

Indian ex-WTO envoy praises BD’s apparel sector

Indian ex-WTO envoy praises BD’s apparel sector

-- 2018-07-03 19:00:29

Former Indian Permanent Representative to the World Trade Organization (WTO) Jayant Dasgupta on Tuesday praised the readymade garment sector of Bangladesh. "The way the garment sector of Bangladesh...

ADP implementation rate hits record high in FY18

ADP implementation rate hits record high in FY18

-- 2018-07-03 17:48:25

The implementation rate of the Annual Development Programme (ADP) hit record high in the last fiscal year. The rate was 93.71 per cent with an expenditure of Tk 1.477 trillion in 2017-18. It was 87 p...

DSE, CSE plunge on bearish trend

DSE, CSE plunge on bearish trend

FE Online Report 2018-07-03 16:39:48

Stocks spiked on Tuesday, extending the losing streak for the second sessions, as investors continued their selling spree amid the implementation of the single-digit lending rate. The market started...

DSE to buy 123 cos’ share to execute trade settlement

DSE to buy 123 cos’ share to execute trade settlement

FE Online Report 2018-07-03 16:12:54

The Dhaka Stock Exchange (DSE) announced to buy 123 companies shares on behalf of two brokerage houses on Tuesday to execute trade settlement. DSE officials said two brokerage houses failed to execut...