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The Financial Express

Search results for: bangladesh

Usmania Glass keeps soaring despite no PSI

Usmania Glass keeps soaring despite no PSI

FE Report 2018-02-09 10:31:27

Usmania Glass Sheet Factory saw its share price rising for the last two weeks although it has no price sensitive information (PSI). The share closed at Tk 123.50 on the premier bourse on Thursday,...

Sonali Bank wants govt to help recover embezzled money

Sonali Bank wants govt to help recover embezzled money

Rezaul Karim 2018-02-09 10:14:07

Sonali Bank called for government intervention to recover huge funds embezzled by Hall-Mark and five other entities as a latest reminder came from above. Recently, the Financial Institutions Division...

NPLs soar four times in last Jan-Sept

NPLs soar four times in last Jan-Sept

Siddique Islam 2018-02-09 09:26:40

The classified loans of the offshore banking units (OBUs) of different banks swelled more than four times or Tk 3.18 billion in the first nine months of the last calendar year (2017). The non-perfo...

BB forecasts continuity of upward trend in remittance

BB forecasts continuity of upward trend in remittance

-- 2018-02-08 23:07:45

The central bank predicts that the recent increasing trend of remittance is likely to continue in the ensuing months. Bangladesh Bank (BB) Deputy Governor Abu Hena Mohammad Razee Hassan said the rece...

ICT exporters to get 10pc subsidy

ICT exporters to get 10pc subsidy

-- 2018-02-08 20:07:56

The exporters of the Information and Communication Technology (ICT) sector will get 10 per cent subsidy. Bangladesh Bank (BB) issued a circular on Thursday announcing the subsidy for the exporters of...

DSE turnover hits 19 months low

DSE turnover hits 19 months low

FE Online Report 2018-02-08 16:13:33

Turnover on Dhaka Stock Exchange (DSE) came down to Tk 3.0 billion Thursday, dipping to 19 months low, as participation of investors on the trading floor was thin due to security concern. The presenc...

Prime Insurance recommends 15pc dividend

Prime Insurance recommends 15pc dividend

FE Online Report 2018-02-08 12:01:34

The board of directors of Prime Insurance Company Limited has recommended 15 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Thursday. The final appro...

Stocks see mostly higher at opening

Stocks see mostly higher at opening

FE Online Report 2018-02-08 11:40:48

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading Thursday as investors showed their buying appetite on large-cap stocks. However, the investors are...

Two companies change category

Two companies change category

FE Report 2018-02-08 11:05:16

Two listed companies, Nahee Aluminum Composite Panel and Makson Spinning Mills,  have changed their category effective from today (Thursday) as they reported disbursement dividend for the year en...

NCC Bank Mutual Fund-1 declares 10pc cash dividend

NCC Bank Mutual Fund-1 declares 10pc cash dividend

FE Online Report 2018-02-08 10:39:38

The Trustee Committee of the NCC Bank Mutual Fund-1 has declared 10 per cent cash dividend based on net income for the year ended on December 31, 2017, said an official disclosure on Wednesday. The r...

DMTCL submits Tk 7.09b project bid to start design

DMTCL submits Tk 7.09b project bid to start design

FHM Humayan Kabir 2018-02-08 10:31:16

The government will start detailed design of a fresh metro-rail line between Airport and Kamalapur, as the agency concerned has sought approval of a project in this regard, officials said on Wednesday...

January foreign equity flows unusually high

January foreign equity flows unusually high

Jasim Uddin Haroon & Babul Barman 2018-02-08 09:52:24

Net foreign equity flows to and from Bangladesh's capital market this past January were "abnormally high" at over US$ 61 million compared to corresponding 2017 period. The foreign investments, especi...

BD will sue Filipino bank to recover stolen money: Muhith

BD will sue Filipino bank to recover stolen money: Muhith

FE Online Report 2018-02-07 16:27:45

Bangladesh will file case against Rizal Commercial Banking Corporation of Philippines to recover the stolen reserve money. Finance Minister Abul Maal Abdul Muhith came up with the statement on Wednes...

Stocks retreat amid volatile trading

Stocks retreat amid volatile trading

FE Online Report 2018-02-07 15:51:17

Stocks returned to the red amid choppy trading Wednesday, as investors are eyeing closely on the political arena ahead Zia Orphanage Trust corruption case verdict. The verdict in the Zia Orphanage Tr...

IPDC recommends 20pc stock dividend

IPDC recommends 20pc stock dividend

FE Online Report 2018-02-07 12:58:40

The board of directors of IPDC Finance limited has recommended 20 per cent stock dividend for the year ended on December 31, 2017, said an official statement on Wednesday. The board has also recommen...

Bourses plunge at opening

Bourses plunge at opening

FE Online Report 2018-02-07 11:45:57

Stocks on both bourses witnessed sharp decline in early hour of trading on Wednesday ahead of the verdict of Zia Orphanage Trust corruption case against BNP Chairperson Khaleda Zia. A special court i...

DSE to hold election for a director March 20

DSE to hold election for a director March 20

FE Report 2018-02-07 10:53:03

An election for the post of a shareholder-director of Dhaka Stock Exchange (DSE) will be held on March 20, as a director will retire this year in line with the demutualisation scheme. This year, Md...

BPC suffers Tk 5.0b loss in last three months

BPC suffers Tk 5.0b loss in last three months

M Azizur Rahman 2018-02-07 10:51:48

Bangladesh Petroleum Corporation (BPC) has incurred a loss of over Tk 5.0 billion in fuel oil trading over the past three months to January as the price of the petroleum products in the international...

CSE places proposals on capital market

CSE places proposals on capital market

-- 2018-02-07 10:48:25

In the wake of free-fall of the country's stock markets, the port city's bourse has come up with a four-point recommendation to improve the situation. The proposals sent to the Ministry of Finance (M...

Foreign-aid budget to see cuts for slow project execution

Foreign-aid budget to see cuts for slow project execution

FHM Humayan Kabir 2018-02-07 09:42:22

The government cuts foreign-aid component of Bangladesh development budget by 9.0 per cent or Tk 49.50 billion for project-implementation backlog, officials said. They said Tuesday the upcoming rev...

Appollo to be the market leader in steel manufacturing

Appollo to be the market leader in steel manufacturing

Ismail Hossain 2018-02-07 01:13:52

Appollo Ispat Complex Limited, one of the largest CI sheet manufacturers of the country, is going to introduce advanced and environment-friendly technology to enhance production portfolio and reduce c...

Libra Infusions’ EPS rises 3.37pc

Libra Infusions’ EPS rises 3.37pc

FE Online Report 2018-02-06 11:56:46

Libra Infusions has posted 3.37 per cent rise in earnings per share (EPS) in October-December quarter of 2017 as against the same quarter in the previous year, according to an official disclosure on T...

Bourses bounce back

Bourses bounce back

FE Online Report 2018-02-06 11:26:07

Stocks witnessed a sharp rise in early hour of trading on Tuesday as optimistic investors showed their buying appetite on large-cap stocks after a high prolife meeting held on Monday. Against the b...

Joydevpur-Elenga road project likely to get another revision

Joydevpur-Elenga road project likely to get another revision

FHM Humayan Kabir 2018-02-06 10:22:03

A four-lane road construction project from Joydevpur to Elenga is likely to be revised both in terms of cost and implementation period due to its changed design with new components and widened scope o...

Tax receipts from DSE up 25pc in July-Jan

Tax receipts from DSE up 25pc in July-Jan

Babul Barman 2018-02-06 09:46:34

The government revenue earnings from the Dhaka bourse marked 25 per cent rise in July-January period of the current fiscal year (FY) compared to the same period in the previous fiscal, as trading volu...

Ramshackle road repairs need Tk 211b in five yrs

Ramshackle road repairs need Tk 211b in five yrs

Munima Sultana 2018-02-06 00:00:00

Needs assessment by a government agency figures out a demand for Tk 211.48 billion to mend and maintain ramshackle roads over next five years. Officials said a survey sponsored by the Roads and Hig...

Stocks rebound after five-day slump

Stocks rebound after five-day slump

-- 2018-02-06 00:00:00

Stocks jumped back strongly on Tuesday snapping a five-day losing spell as optimistic investors showed their buying appetite on sector-specific large-cap. Against the backdrop of a freefall of stock...

BD among top five fastest growing LDCs in 2017: UNCTAD

BD among top five fastest growing LDCs in 2017: UNCTAD

-- 2018-02-06 00:00:00

A United Nations conference has revealed that out of 45 Least Developed Countries (LDC) only five, including Bangladesh have achieved economic growth at 7.0 per cent or higher in 2017. The four other...

High-profile meeting suggests greater coordination between securities regulator, BB

High-profile meeting suggests greater coordination between securities regulator, BB

FE Online Report 2018-02-05 21:55:10

A high-profile meeting, amid freefall of indices in both the bourses, has suggested greater coordination between the securities regulator and the central bank. It also called for discharging due resp...

Stocks continue to see steep fall amid panic sale

Stocks continue to see steep fall amid panic sale

FE Online Report 2018-02-05 11:13:24

Stocks witnessed a sharp decline in the first hour of trading on Monday, maintaining the previous day’s steep fall, as panicked investors went on selling spree. Merchant bankers and stockbroker...