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The Financial Express

Search results for: bangladesh

Govt to build 163MW power plant in Mirsarai

Govt to build 163MW power plant in Mirsarai

FE Online Report 2018-02-05 00:00:00

The government plans to build a 163 megawatt (MW) dedicated power plant at Mirsarai Economic Zone (MEZ) to supply electricity to industries and factories to be located there. BR Powergen Ltd, a joint...

Capital mkt lacks environment to raise long-term debt

Capital mkt lacks environment to raise long-term debt

Syful Islam 2018-02-05 00:00:00

An International Finance Corporation (IFC) diagnostic mission has recently found the Bangladesh capital market environment not conducive to the issuance of debt instruments or mobilisation of debt to...

Govt suspends auctions of T-bills, bonds for February

Govt suspends auctions of T-bills, bonds for February

Siddique Islam 2018-02-05 00:00:00

The government has suspended auctions of both treasury bills (T-bills) and bonds for the month of February to ensure proper cash management, officials said. Bangladesh Bank (BB) has already communica...

Stocks on the slide: Finance ministry calls emergency meeting

Stocks on the slide: Finance ministry calls emergency meeting

FE Report 2018-02-05 00:00:00

As indexes at both stock markets continue falling, the Ministry of Finance (MoF) called an emergency meeting on Monday afternoon to discuss the overall situation. The meeting will be held at the offi...

Pacific Denims now in ‘A’ category

Pacific Denims now in ‘A’ category

FE Online Report 2018-02-05 00:00:00

Pacific Denims Limited (PDL) has been placed in ‘A’ category from existing ‘N’ category with effect from Tuesday as the company has reported disbursement of 12.50 per cent stoc...

BSEC allows listing Ctg cos on CSE only

BSEC allows listing Ctg cos on CSE only

Our Correspondent 2018-02-05 00:00:00

Chairman of the Bangladesh Securities and Exchange Commission Dr M Khairul Hossain has announced listing of the Chittagong-based industries and companies only on the Chittagong Stock Exchange to attra...

Stocks extend losing spell for fifth day

Stocks extend losing spell for fifth day

FE Online Report 2018-02-05 00:00:00

Stocks witnessed yet another bearish session Monday, extending the losing streak for the fifth straight session, as investors continued sale of shares. Following the previous day’s biggest fall...

Labour welfare conference begins

Labour welfare conference begins

-- 2018-02-04 20:03:21

The five-day Labour Welfare Conference 2018 started at CIRDAP auditorium  in Dhaka on Sunday. Expatriates' Welfare and Overseas Employment Minister Nurul Islam BSc inaugurated the event, schedul...

BSTI drive against sale of impure water

BSTI drive against sale of impure water

FE Report 2018-02-04 15:16:27

The standard of service and quality of goods overseeing authority has carried out a mobile court drive against traders who sell impure drinking water at Mirpur in Dhaka city. Along with the Rapid Ac...

Subscription of Credence First Shariah Unit Fund begins today

Subscription of Credence First Shariah Unit Fund begins today

FE Report 2018-02-04 10:51:47

Subscription of 'Credence First Shariah Unit Fund' will begin today (Sunday) while public subscription of Advent Pharma is set to begin on February 11. The initial size of the Credence First Shariah...

GSP Finance recommends 23.50pc stock dividend

GSP Finance recommends 23.50pc stock dividend

FE Online Report 2018-02-04 00:00:00

The board of directors of GSP Finance has recommended 23.50 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Sunday. The final approval will come during...

High taxes throttle ocean-going vessel industry's growth

High taxes throttle ocean-going vessel industry's growth

Syful Islam 2018-02-04 00:00:00

High tax incidence and lack of incentives hinder business expansion of national flag-carrier vessels with a resultant loss of Bangladesh's market share to foreign shippers in international trade, busi...

Stock markets see steep fall

Stock markets see steep fall

FE Online Report 2018-02-04 00:00:00

Stocks on both bourses witnessed a steep decline in the first hour of trading on Sunday as investors are on selling spree, fearing a further fall. Following the previous week’s one of the large...

DBA, BMBA call emergency meeting on capital market

DBA, BMBA call emergency meeting on capital market

FE Online Report 2018-02-04 00:00:00

Stock brokers and merchant bankers on Sunday called an emergency meeting to take stock of the capital market. DSE Brokers Association (DBA) and Bangladesh Merchant Bankers Association (BMBA) will ho...

CSE Fair ends

CSE Fair ends

FE Online Desk 2018-02-04 00:00:00

The sixth Capital Market Fair, arranged by Chittagong Stock Exchange (CSE) ended Saturday in the port city, said a statement issued by CSE. The fair put thrust on raising the depth of the stock mar...

Stocks continue to see freefall; DSEX sheds record 133pts

Stocks continue to see freefall; DSEX sheds record 133pts

FE Online Report 2018-02-04 00:00:00

The core index of the Dhaka bourse on Sunday fell over 133 points, the biggest single-day fall in 55 months, as panicked investors went on selling spree amid uncertainty. Afraid of further decline in...

NBR, BB sign MoU to prevent exodus of money   

NBR, BB sign MoU to prevent exodus of money   

FF Online Report 2018-02-04 00:00:00

The National Board of Revenue (NBR) is set to share information and extent international cooperation with a unit of the central bank to check money laundering from the country. To this end, NBR and B...

First virtual trading simulator launched in CSE

First virtual trading simulator launched in CSE

FE Online Desk 2018-02-03 11:42:14

Chittagong Stock Exchange and LankaBangla Securities have jointly launched the first Virtual Trading Simulator in Bangladesh named “Stock Paathshala”on the second day of Capital Marke...

More govt cos, MNCs should float shares in capital mkt

More govt cos, MNCs should float shares in capital mkt

Our Correspondent 2018-02-03 10:36:29

Managing director of Chittagong Stock Exchange (CSE) Shaifur Rahman Majumdar on Friday said more government and multinational companies should be enlisted with the capital market to raise the depth...

Govt keen on ITFC credits as ADB looks noncommittal

Govt keen on ITFC credits as ADB looks noncommittal

Syful Islam 2018-02-03 10:23:07

A government body eagerly looks to the International Islamic Trade Finance Corporation (ITFC) as main source for financing huge investment needs in the emerging LNG sector, officials said. It found t...

Core index sees biggest single-week fall in 2 yrs

Core index sees biggest single-week fall in 2 yrs

FE Report 2018-02-03 00:00:00

The core index of the Dhaka bourse dipped 3.13 per cent last week as nervous investors sold shares in bulk. Merchant bankers and stockbrokers alleged that a 'political rumour' spread by a vested quar...

Muhith sees lots of weaknesses in banking sector

Muhith sees lots of weaknesses in banking sector

FE Online Report 2018-02-03 00:00:00

Finance Minister AMA Muhith has said that there remain a lot of weaknesses in the country’s banking sector. He had soul-searching over the persisting problems in the sector on Saturday when h...

NBR listing wealthy people

NBR listing wealthy people

-- 2018-02-03 00:00:00

National Board of Revenue (NBR) is preparing a list of the 'apparently' rich people, who pay comparatively less taxes, with the aim to collect some more money for the national exchequer. The NBR has...

Eight businessmen, two cos get acquittal in 1996 share scam

Eight businessmen, two cos get acquittal in 1996 share scam

FE Report 2018-02-02 12:07:22

The special tribunal on capital market acquitted eight businessmen and two companies in two cases related to 1996 stock market scam on Thursday, jurists said. Earlier, the cases were filed against th...

Queen South Textile allocates 15m shares thru IPO lottery

Queen South Textile allocates 15m shares thru IPO lottery

FE Report 2018-02-02 11:01:44

The Queen South Textile Mills Limited allocated 15 million ordinary shares among successful applicants through IPO (initial public offering) lottery draw on Thursday. The lottery draw was held at t...

BD’s budget 'more transparent' than India’s

BD’s budget 'more transparent' than India’s

-- 2018-02-02 11:00:00

India's budget is considered "less transparent" as it provides limited information in the public domain, Transparency International India (TII) said, adding the lack of transparency would lead to seve...

EPS of Far East Knitting rises 19pc

EPS of Far East Knitting rises 19pc

Mohammad Mufazzal 2018-02-02 10:50:26

Far East Knitting & Dyeing Industries (FEKDI), a listed company, saw 19 per cent growth in the earnings per share (EPS) for the year ending on June 30, 2017, riding on the wave of increased sale...

BB set to allow banks to expand OBUs in EZs, hi-tech parks

BB set to allow banks to expand OBUs in EZs, hi-tech parks

Siddique Islam 2018-02-02 00:00:00

The central bank is set to allow banks to expand operations of their offshore banking units (OBUs) to facilitate implementation of the economic zones (EZs) and hi-tech parks with availability of forei...

Stocks extend losing spell for 3rd day

Stocks extend losing spell for 3rd day

FE Online Report 2018-02-01 16:00:48

Stocks extended the losing streak for the third running session on Thursday amid sluggish trading activities as investors were mostly inactive to put fresh fund on stocks. Dealers said the market m...

Seven more listed cos disclose Q2 EPS

Seven more listed cos disclose Q2 EPS

FE Online Report 2018-02-01 13:51:44

A total of seven more listed companies disclosed their un-audited second quarter (Q2) earnings for October-December period of 2017, according to official disclosures on Thursday. Of them, earnings...