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The Financial Express

Search results for: bangladesh

Prices of four stocks soaring sans PSI

Prices of four stocks soaring sans PSI

FE Report 2018-05-10 10:21:33

Despite the market went through a correction mode, share prices of United Power, HR Textile, Shepherd Industries and Regent Textile were soaring without any price sensitive information (PSI). The s...

BSEC's two key posts fall vacant

BSEC's two key posts fall vacant

FE Report 2018-05-10 10:19:46

Two posts of commissioners of the securities regulator fell vacant recently due to expiry of respective tenures of two key persons. The tenure of Professor Helal Uddin Nizami, commissioner one of B...

Forex reserve falls below US$ 32b

Forex reserve falls below US$ 32b

Siddique Islam 2018-05-10 10:15:56

Country's foreign exchange reserve (forex) fell below US$ 32 billion again on Wednesday, following a regular bi-monthly payment to Asian Clearing Union (ACU) and the central bank's direct selling of U...

Singer witnesses record turnover in 2017

Singer witnesses record turnover in 2017

Babul Barman 2018-05-10 01:12:24

Singer Bangladesh Ltd hopes the demand of consumer durables will be accelerated in the coming days in the country as the government has taken a serious move to ensure access of electricity for all by...

NEC to approve Tk 1.73t Annual Development Programme today

NEC to approve Tk 1.73t Annual Development Programme today

FE Online Report 2018-05-09 19:07:45

The National Economic Council (NEC) is set to approve a Tk 1.73 trillion worth of Annual Development Programme (ADP) for the next fiscal today (Thursday), officials said Wednesday. The Council, heade...

'Fake audit reports hamper tax collection'

'Fake audit reports hamper tax collection'

FE Report 2018-05-09 17:08:36

Tax evasion by many a company forging financial statements is one of the key reasons behind the prevalence of black money in the country, the National Board of Revenue (NBR) chairman said on Tuesday....

Move to open direct banking channel with Russia

Move to open direct banking channel with Russia

Talha Bin Habib 2018-05-09 17:05:23

A move is underway to establish direct banking channel between Bangladesh and the Russian Federation, aiming to facilitate bilateral trade between the two countries, officials said. In the absence of...

Large loans make up 57.27pc of banks’ total lending

Large loans make up 57.27pc of banks’ total lending

FE Report 2018-05-09 16:53:26

Large loans account for around 57.27 per cent of the total lending by banks, mainly concentrated in Dhaka and Chattogram, according to a study. Foreign commercial banks (FCBs) have 73.09 per cent of...

Stocks slide for sixth day

Stocks slide for sixth day

FE Online Report 2018-05-09 15:33:02

Stocks witnessed yet another bearish session Wednesday, sliding for the sixth day in a row, as investors continued their selling binge amid poor quarterly earnings disclosures. Market operators said...

Green Delta re-elects chairman, elects vice chairperson

Green Delta re-elects chairman, elects vice chairperson

FE Online Desk 2018-05-09 13:06:44

The Board of Directors of Green Delta Insurance Company Limited has recently re-elected Mr. Md. Abdul Karim as Chairman. Ms. Shamsun Nahar Begum Chowdhury was elected as the new Vice Chairperson of...

Share price of three cos soaring sans PSI

Share price of three cos soaring sans PSI

FE Online Report 2018-05-09 12:23:20

Share price of three listed companies–HR Textile, Shepherd Industries and Regent Textile—are soaring without any price sensitive information (PSI) or any expansion plan. The share prices...

NICL holds AGM, approves 14pc stock dividend

NICL holds AGM, approves 14pc stock dividend

FE Online Desk 2018-05-09 12:21:56

Nitol Insurance Company Limited (NICL) has recently organised its 19th Annual General Meeting at Spectra Convention Centre, located at Gulshan-1 area in the capital. The board of directors in the mee...

DSE, CSE edge up at opening

DSE, CSE edge up at opening

FE Online Report 2018-05-09 11:28:06

The prices of most of the shares on both bourses witnessed positive trend Wednesday as some investors active on sector-wise stocks at lucrative price level. Following the previous five days’...

LafargeHolcim launches new product today

LafargeHolcim launches new product today

FE Report 2018-05-09 10:38:39

LafargeHolcim launches new 'specialised' cement branded as 'Plastercrete' today (Wednesday) for plastering works in overall constructions. The company made the announcement of launching the new pro...

United Ins approves 11pc cash dividend

United Ins approves 11pc cash dividend

-- 2018-05-09 10:31:34

Chairman of United Insurance Company Limited Syed Aziz Ahmad and Managing Director & CEO Khawja Manzer Nadeem seen at the 33rd AGM at Spectra Convention Centre in the city recently United Insuran...

Workers’ outflow halves as Saudi jobs disappear

Workers’ outflow halves as Saudi jobs disappear

Arafat Ara 2018-05-09 10:27:17

Employment opportunity for Bangladeshi workers has shrunk in Saudi Arabia in recent months, worsened by its slow development work and restrictions on certain jobs for foreign workers, insiders have sa...

B'desh economy to overtake Taiwan by 2030

B'desh economy to overtake Taiwan by 2030

FE Report 2018-05-09 10:25:42

Bangladesh is a "minor" power among the 25 selected nations in the Asia-Pacific region and ranked 18th in an index that measures the overall influence of the countries. The Australian think-tank Lowy...

BB lists major risks facing economy, suggests ‘prudent management’

BB lists major risks facing economy, suggests ‘prudent management’

FE Report 2018-05-09 10:07:40

The central bank has recommended keeping close watch on higher credit growth, yawning current account deficit and inflationary risks for the sake of macroeconomic stability. "Strong credit growth, wi...

Muhith hints at corporate tax cut, power tariff rise

Muhith hints at corporate tax cut, power tariff rise

FE Report 2018-05-09 00:38:34

The price of electricity is likely to increase further in the days ahead due to the increase in the price of relevant raw materials, Finance Minister AMA Muhith has said. "Electricity price would g...

Four state-owned banks, ICB to buy Farmers Bank shares

Four state-owned banks, ICB to buy Farmers Bank shares

-- 2018-05-08 20:39:26

Four state-owned banks and the Investment Corporation of Bangladesh (ICB) are going to buy shares of Farmers Bank in an effort to save the troubled bank hit by loan scams. Bangladesh Bank cleared the...

Inflation dips slightly in April

Inflation dips slightly in April

FE Online Report 2018-05-08 19:19:03

The point-to-point inflation last month of the current fiscal (FY18) dropped by 0.05 percentage points compared to that of the previous month of March, showed official data. According to Bangladesh B...

Active MFS accounts slump 34pc in Aug-Mar ‘due to BB restraint’

Active MFS accounts slump 34pc in Aug-Mar ‘due to BB restraint’

Mehdi Musharraf Bhuiyan 2018-05-08 17:02:21

The number of active mobile money accounts has declined drastically in the country in the recent months following the central bank's new regulations on mobile financial services (MFS). According to t...

DSE reschedules trading time during Ramadan

DSE reschedules trading time during Ramadan

FE Online Report 2018-05-08 16:00:13

The Dhaka Stock Exchange (DSE) has rescheduled its trading time during the holy month of Ramadan. Share trading on both bourses will take place from 10:00am to 2.00pm without any break during the R...

Bourses continue losing streak

Bourses continue losing streak

FE Online Report 2018-05-08 15:42:51

Stocks witnessed yet another downward trend Tuesday, extending the losing spell for the five consecutive sessions, as investors continued their selling binge on banking and telecom stocks. Analysts...

Fear of land grabbing mounts as private zones proliferate

Fear of land grabbing mounts as private zones proliferate

Jasim Uddin Haroon and Jubair Hasan 2018-05-08 12:24:28

The Bangladesh Economic Zones Authority (BEZA) is unlikely to give permission to establish small private economic zones anymore as it considers bringing utilities to a large number of tiny sites is...

Stocks meander in tentative trading

Stocks meander in tentative trading

FE Online Report 2018-05-08 11:36:42

The Dhaka Stock Exchange (DSE) witnessed positive trend while port city’s bourse saw negative trend in early trading Tuesday amid slow trend. Brokers said the investors remained followed caut...

Aman Cotton's IPO subscription to begin June 3

Aman Cotton's IPO subscription to begin June 3

FE Report 2018-05-08 09:50:07

Public subscription of Aman Cotton Fibrous is set to begin on June 03 for raising Tk 800 million from the capital market under the book-building method. The public subscription of Aman Cotton will co...

Ten top-traded companies clinch 27pc transaction

Ten top-traded companies clinch 27pc transaction

FE Report 2018-05-08 09:48:27

Ten top-traded companies captured nearly 27 per cent transactions on the Dhaka Stock Exchange (DSE) Monday with Beximco topping the list for the 25th running sessions. Market operators said the inv...

Premier Cement sees marginal fall in earnings

Premier Cement sees marginal fall in earnings

FE Report 2018-05-08 09:42:57

Premier Cement Mills reported its consolidated earnings per share (EPS) of Tk. 2.04 for January-March 2018 as against Tk. 2.05 for January-March 2017. The company's consolidated EPS was Tk. 2.56 fo...

Two SROs of NBR puzzle investors

Two SROs of NBR puzzle investors

Doulot Akter Mala 2018-05-08 09:36:32

Two statutory regulatory orders (SROs) of the National Board of Revenue (NBR) regarding tax exemption have created confusion among the investors of the private plants in economic zones (EZs), offici...