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The Financial Express

Search results for: bangladesh

Phoenix Finance approves 20pc cash dividend

Phoenix Finance approves 20pc cash dividend

FE Online Desk 2018-07-03 14:01:18

The board of directors of Phoenix Finance and Investment Limited has approved 20 per cent cash dividend for the year ended on December 31, 2017. The approval of the dividend came during the 23rd Annu...

Stocks open on positive note

Stocks open on positive note

FE Online Report 2018-07-03 11:29:55

Prices of most of the shares on bourse witnessed upward trend in early hour of trading on Tuesday as investors are active on sector specific stocks. Following the previous day’s sharp decline,...

Prime Insurance to diversify businesses

Prime Insurance to diversify businesses

FE Report 2018-07-03 10:59:17

Prime Insurance Company Limited has vowed to diversify its businesses aiming to grab the untapped insurance market of the country. "We like to shun the traditional and ritualistic practices with the...

Bashundhara Paper's share jumps 63pc in debut trading

Bashundhara Paper's share jumps 63pc in debut trading

FE Report 2018-07-03 10:42:12

Share price of Bashundhara Paper Mills Limited jumped 63 per cent on debut trading on Monday despite the capital market witnessed sharp decline. The company's shares, which were offered for Tk 80 und...

Compliant businesses can apply for AEO status

Compliant businesses can apply for AEO status

Doulot Akter Mala 2018-07-03 10:37:15

The National Board of Revenue (NBR) allows businesses with satisfactory compliance records to apply for the status of authorised economic operators (AEOs). According to a new rule issued on June 28,...

BD could make good use of IDA loans: WB

BD could make good use of IDA loans: WB

FE Report 2018-07-03 09:50:30

Bangladesh could make good use of low cost International Development Association (IDA) loans, a top World Bank official said on Monday. "Bangladesh is one of the largest recipients of the IDA funding...

SoCBs to give funds to PCBs at 6.0pc interest

SoCBs to give funds to PCBs at 6.0pc interest

FE Report 2018-07-03 09:38:54

The state-owned commercial banks (SoCBs) have agreed to provide deposit to the private commercial banks (PCBs) at 6.0 per cent interest rate for implementing the single-digit lending rate, officials s...

'Meat production increases by 7 times in 9 years'

'Meat production increases by 7 times in 9 years'

-- 2018-07-02 18:00:48

The annual meat production increased by seven times in the last nine years making the country self-sufficient in meat production. Director general of the Department of Livestock Services Dr Md Ainul...

Stocks nosedive first session of FY19

Stocks nosedive first session of FY19

FE Online Report 2018-07-02 15:20:38

Stock markets nosedived on Monday, the first trading session of the Fiscal Year (FY) 2018-19, as investors were on selling spree on sector specific stocks. The market opened on negative note and th...

FBCCI seeks strong supervision over single digit lending rate

FBCCI seeks strong supervision over single digit lending rate

FE Online Report 2018-07-02 14:58:35

Hailing the reduced lending rate by the banks, the country’s apex trade body on Monday called for strict supervision for continuation of the single digit lending rate for the sake of investmen...

DSE, CSE struggle for traction

DSE, CSE struggle for traction

FE Online Report 2018-07-02 11:46:39

Country’s bourses witnessed mixed trend in early hour of trading on Monday, the first trading session of the new fiscal year, as investors are active both sides of trading fence. Following th...

Five cos see abnormal price hike sans PSI

Five cos see abnormal price hike sans PSI

FE Report 2018-07-02 11:14:52

The share prices of five listed companies rose 'abnormally' though there was no undisclosed price sensitive information (PSI) in favour of the recent price hike. Following the abnormal price hikes,...

Eastland Insurance approves 15pc divdend

Eastland Insurance approves 15pc divdend

FE Report 2018-07-02 11:12:56

The 31st annual general meeting (AGM) of Eastland Insurance Co. Ltd. has approved 7.5 per cent cash dividend and 7.5 stock dividend for the year 2017 as recommended by the board of directors. Company...

IPO subscription of two cos to begin this month

IPO subscription of two cos to begin this month

FE Report 2018-07-02 10:55:22

The public subscription of ML Dyeing Limited and Silva Pharmaceuticals Limited will open on July 8 and July 29 respectively, officials said. ML Dyeing will raise Tk 200 million and Silva Pharmaceut...

Bashundhara Paper Mills share trading debut today

Bashundhara Paper Mills share trading debut today

FE Report 2018-07-02 10:24:58

Bashundhara Paper Mills Ltd will make its share trading debut today (Monday) on the Dhaka and Chittagong Stock Exchanges under "N" category. DSE trading code for the company is "BPML" and company c...

NBR misses revised target by 9.0pc, original 17.0pc

NBR misses revised target by 9.0pc, original 17.0pc

Doulot Akter Mala 2018-07-02 09:49:12

Tax-revenue mobilised by the National Board of Revenue (NBR) fell short of the revised target by Tk 200 billion in the just concluded Fiscal Year (FY), according to a provisional figure. Revenue offi...

Southeast Bank approves 15pc stock dividend

Southeast Bank approves 15pc stock dividend

-- 2018-07-01 10:31:48

The 23rd annual general meeting (AGM) of Southeast Bank Ltd approved 15 per cent stock dividend for the year 2017. Chairman of the bank Alamgir Kabir, FCA presided over the meeting in the capital, at...

FY'18 witnesses increased issuance of stock dividend

FY'18 witnesses increased issuance of stock dividend

-- 2018-07-01 10:16:45

Some 148 companies listed with the Dhaka Stock Exchange (DSE) have increased their paid-up capital through issuing stock dividend worth over Tk 42.77 billion in the outgoing fiscal year (FY) 2017-18....

Emphasis on proper policies to avoid middle-income trap

Emphasis on proper policies to avoid middle-income trap

-- 2018-06-30 18:30:10

ICCB emphasised on timely action to avoid falling into the 'middle-income trap" where a number of countries are stuck in the lower-middle income status and are unable to move up. "The country is now...

ICAB holds confce on New Format of Auditor’s Report

ICAB holds confce on New Format of Auditor’s Report

-- 2018-06-30 12:57:31

The Institute of Chartered Accountants of Bangladesh (ICAB) arranged a Members’ Conference on ‘New Format of Auditor’s Report Based on Latest International Standards on Auditing&rsqu...

Stocks edge lower at end of FY18

Stocks edge lower at end of FY18

FE Report 2018-06-30 10:33:10

The share price of Bangladesh Autocars is soaring without any price sensitive information (PSI) as it surged further by 42 per cent last week. Bangladesh Autocars dominated the week's gainer chart fo...

Nine cos, two MFs raise Tk 5.41b through IPOs  Babul Barman

Nine cos, two MFs raise Tk 5.41b through IPOs Babul Barman

FE Report 2018-06-30 10:23:58

Fund raising by companies through initial public offerings (IPOs) surged by 39 per cent in the outgoing fiscal year (FY) compared to the previous fiscal. Nine companies and two mutual funds (MF) rais...

Guideline on NPL write-off underway

Guideline on NPL write-off underway

Rezaul Karim 2018-06-30 10:10:42

The central bank is set to make a new guideline on writing off non-performing loans (NPLs), an official said. The Bangladesh Bank (BB) is actively considering a new strategy in the matters of writing...

Net sales of savings tools up in 11 months

Net sales of savings tools up in 11 months

FE Report 2018-06-29 12:04:07

The net sale of state-run savings instruments increased by 2.0 per cent during the last 11 months of fiscal year (FY) 2017-18 compared to the corresponding period of the previous fiscal, official fi...

Central bank will print 1,200m currencies and banknotes

Central bank will print 1,200m currencies and banknotes

Rezaul Karim 2018-06-29 11:56:42

The Bangladesh Bank (BB) will print 1,200 million pieces of currencies and banknotes of various denominations in the next fiscal year (FY), 2018-19, officials said. The target is up by 5.44 per cent...

Fresh energy exploration bidding round soon

Fresh energy exploration bidding round soon

M Azizur Rahman 2018-06-29 11:27:21

The government eyes launching a new bidding round within the next couple of months as the draft of a new model production sharing contract (PSC) is awaiting final approval, said officials. State-run...

Portfolio investment up 17.18 per cent

Portfolio investment up 17.18 per cent

FE Report 2018-06-29 11:15:51

Transactions in foreign portfolio investment in Bangladesh stock market rose 17.18 per cent in the outgoing fiscal year (FY) 2017-18 compared to previous FY, according to Dhaka Stock Exchange (DSE)....

Dhaka Bank approves 12.50pc stock dividend

Dhaka Bank approves 12.50pc stock dividend

FE Online Desk 2018-06-29 11:10:47

The 23rd Annual General Meeting of Dhaka Bank Limited was held on Thursday at the Grand Ball Room, Pan Pacific Sonargaon, Dhaka, said a statement. The AGM approved 12.50 per cent stock dividend for t...

BD-linked money in the Swiss banks drops 27 per cent

BD-linked money in the Swiss banks drops 27 per cent

Asjadul Kibria 2018-06-29 10:47:06

The amount of Bangladesh-linked funds in the banks of Switzerland dropped 27 per cent last year (2017), according to the latest data released in Zurich on Thursday. The report titled 'Banks in Switze...

BB eases rules on bank guarantee to foreign firms

BB eases rules on bank guarantee to foreign firms

FE Report 2018-06-29 10:27:00

The central bank has relaxed regulations, allowing commercial banks to issue guarantee on behalf of foreign-controlled firms favouring the local authorities against counter-guarantee from foreign bank...