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The Financial Express

Search results for: bangladesh

SEBL recommends 15pc stock dividend

SEBL recommends 15pc stock dividend

FE Online Report 2018-04-29 15:59:06

The board of directors of Southeast Bank Limited (SEBL) has recommended 15 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday. The final approval...

FBCCI for introducing the ATA Carnet

FBCCI for introducing the ATA Carnet

FE Online Report 2018-04-29 15:43:48

In a bid to make the customs procedure more transparent, country’s apex trade body has urged the government to introduce the ATA Carnet system in Bangladesh. The Federation of Bangladesh Cha...

Beach town braces for record tourist turnout

Beach town braces for record tourist turnout

Our Correspondent, Cox's Bazar 2018-04-29 15:40:51

The Cox's Bazar beach town expects a record turnout of tourists during April 27-May 05 that turns out to be virtually a nine-day vacation barring two working days on April 30 and May 03. Local hotel...

IPO subscription of Bashundhara Paper Mills begins April 30

IPO subscription of Bashundhara Paper Mills begins April 30

FE Online Desk 2018-04-29 13:33:12

The IPO subscription of Bashundhara Paper Mills Limited begins April 30 and ends May 9. The company will raise Tk 2.0 billion with a face value of Tk 10 each.  However, the offer price is Tk. 80...

BB seeks info on all bad debts

BB seeks info on all bad debts

-- 2018-04-29 12:30:54

Bangladesh Bank has asked all the banks and other financial institutions of the country to send reports about all the default loans. As per a new circular issued on Thursday, the banks and financial...

MFs’ earnings witness substantial fall

MFs’ earnings witness substantial fall

FE Report 2018-04-29 11:56:28

The earnings of most of the mutual funds declined significantly in January-March quarter of 2018 than that of the same period of previous year mainly due to 'correction' in the capital market. The ea...

Khairul warns against books with 'window dressing'

Khairul warns against books with 'window dressing'

FE Report 2018-04-29 11:52:26

BSEC Chairman Professor M. Khairul Hossain on Saturday advised the merchant bankers to remain cautious in dealing with IPOs (initial public offerings) so that companies producing balance sheets with...

Dhaka-Beijing talks on free trade agreement soon

Dhaka-Beijing talks on free trade agreement soon

Jubair Hasan 2018-04-29 09:59:23

Bangladesh is going to resume negotiations on a free trade agreement (FTA) with China to boost trade with the world's second-largest economy, officials said. As part of the process, a high-powered de...

Faridpur-Kuakata highway to get four lanes

Faridpur-Kuakata highway to get four lanes

-- 2018-04-28 18:26:26

The government plans to upgrade the Faridpur-Kuakata highway to a four-lane in a bid to boost tourism and improve the overall road communication system. The 236.74-kilometre highway from Bhanga of Fa...

First LNG import delivery to enjoy duty waiver

First LNG import delivery to enjoy duty waiver

FE Report 2018-04-28 16:29:50

The first Liquefied Natural Gas (LNG) shipment, which arrived on Tuesday, will enjoy duty-benefit through an undertaking. The importer of LNG will be able to release goods enjoying exemption from th...

Tk 50b project to end Ctg water-logging starts

Tk 50b project to end Ctg water-logging starts

-- 2018-04-28 15:58:34

The Chittagong Development Authority or CDA has launched a Tk 50 billion mega project aimed at easing water-logging from the next monsoon season. “The city is going to see visible change in wat...

BD’s dependence on commodity export, import low

BD’s dependence on commodity export, import low

FE Online Report 2018-04-28 15:15:22

Bangladesh is one of the 32 developing countries classified as both the ‘low commodity-export-dependent’ and ‘low commodity-import- dependent’.  The Commodities and Deve...

Transport and communication growth likely to decline

Transport and communication growth likely to decline

FE Online Report 2018-04-28 14:02:18

Growth of the transport, storage, and communication sector is likely to decline in the current fiscal year (FY 2017-18), according to the provisional estimation of the Bangladesh Bureau of Statistics...

Stocks face mild correction on profit booking

Stocks face mild correction on profit booking

-- 2018-04-28 11:36:07

The prime index of the Dhaka Stock Exchange (DSE) witnessed a mild correction last week that ended Thursday as risk-averse investors booked profit on sector-wise stocks. Market operators said the mar...

Country getting ready for post-LDC trade benefits

Country getting ready for post-LDC trade benefits

Syful Islam 2018-04-28 09:48:00

As Bangladesh is poised to graduate to a developing country, the government is getting prepared to claim new facilities in the global market, officials said. The national committee on export, heade...

BRAC Bank holds 19th AGM,10th EGM

BRAC Bank holds 19th AGM,10th EGM

-- 2018-04-27 22:09:52

The shareholders of BRAC Bank Limited approved 25% stock dividend for the year 2017 at the 19th Annual General Meeting (AGM) of the Bank held at BRAC-CDM, Savar Thursday, said a statement. Prior to t...

Vietnam eager to enhance cooperation with Bangladesh

Vietnam eager to enhance cooperation with Bangladesh

-- 2018-04-27 21:14:06

Vietnam is keen to develop its friendship and cooperation with Bangladesh and the two countries can share experience in economic development, poverty reduction and gender equality promotion. Vice Pre...

China confirms $2.67b loan for Padma rail link project

China confirms $2.67b loan for Padma rail link project

FE Online Report 2018-04-27 18:54:49

China has confirmed US$2.67 billion loan for the Padma railway link construction project of Bangladesh. To this end, an agreement was signed between the two sides on Friday at EXIM Bank of China's he...

Gender budget will lead to empowerment

Gender budget will lead to empowerment

FE Report 2018-04-27 11:15:30

Speakers at a pre-budget discussion called for stepping up monitoring of implementation of the gender responsive budget to help ensure women empowerment in the country. They also called for increasin...

BSEC approves three draft rules

BSEC approves three draft rules

FE Report 2018-04-27 11:02:35

The securities regulator on Thursday approved the drafts of three rules and regulations prepared for brining changes in the existing ones. The approvals came at a meeting at the office of Banglades...

DSE, CSE trading close on Sunday

DSE, CSE trading close on Sunday

FE Desk 2018-04-27 11:00:03

There will be no trading at the DSE and CSE on Sunday as it will be a public holiday on the occasion of Buddha Purnima, according to the stock exchanges. The offices of the stock exchanges will al...

Shahjalal Bank to issue Tk 6.0b bond

Shahjalal Bank to issue Tk 6.0b bond

FE Report 2018-04-27 10:57:28

Shahjalal Islami Bank Limited (SJIBL) Chairman Akkas Uddin Mollah presiding over the 263rd meeting of the bank's board of directors at its head office in the city recently, while the board members a...

Twelve more cos recommend dividends

Twelve more cos recommend dividends

FE Report 2018-04-27 10:47:51

The board of directors of 12 more listed companies, including four banks, have recommended dividends for the year ended on December 31, 2017. Of them, six companies recommended lower dividends than t...

Central bank devising collateral database to stem doc forgery

Central bank devising collateral database to stem doc forgery

FE Report 2018-04-27 09:39:49

The central bank has started the process of developing a collateral database in order to prevent document forgery and corruption during sanctioning loans, officials said. "We've taken the moves to ch...

Short-term foreign loans for industrialisation not very effective: Study

Short-term foreign loans for industrialisation not very effective: Study

FE Online Report 2018-04-26 19:37:38

A study on Bangladesh’s banking sector says the country’s short-term foreign loans for industrialisation are not very efficient compared to that of long-term borrowings. The Bangladesh In...

Social Islami Bank recommends 10pc stock dividend

Social Islami Bank recommends 10pc stock dividend

FE Online Report 2018-04-26 17:00:41

The board of directors of Social Islami Bank has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The final approval of the div...

Three more listed banks recommend dividend

Three more listed banks recommend dividend

FE Online Desk 2018-04-26 12:26:44

The board of directors of three more listed banks –Islami Bank Bangladesh, Exim Bank, and Shahjalal Islami Bank –have recommended dividend for the year ended on December 31, 2017. Of th...

Paramount Ins recommends 10pc dividend

Paramount Ins recommends 10pc dividend

FE Online Report 2018-04-26 12:22:48

The board of directors of Paramount Insurance Company has recommended 10 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The final decision o...

Pioneer Ins, Eastern Ins, Rupali Ins recommend dividend

Pioneer Ins, Eastern Ins, Rupali Ins recommend dividend

FE Online Report 2018-04-26 12:16:37

The board of directors of three more insurance companies—Pioneer Insurance, Eastern Insurance and Rupali Insurance Company –have recommended dividend for the year ended on December 31, 2...

Marico recommends 100pc dividend

Marico recommends 100pc dividend

FE Online Report 2018-04-26 12:14:59

The board of directors of Marico Bangladesh has recommended 100 per cent final cash dividend (total 600 per cent cash dividend for the financial year 2017-2018 inclusive 500 per cent interim cash di...