The Financial Express

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Core index sees biggest single-week gain since 2013 on Dhaka bourse

Babul Barman 2018-04-07 10:16:57

The prime index of the Dhaka Stock Exchange (DSE) soared 4.35 per cent last week, the biggest single-week gain since its inception in January 2013. Market operators said the enthusiastic investors sh...

Project aid allocation worth Tk 600b likely

FHM Humayan Kabir 2018-04-07 09:27:11

The government is likely to earmark more than Tk 600 billion as project aid in the development budget for the next financial year (FY) 2018-19, up 16 per cent from the outlay for the current FY, offic...

Stunning success in using Japanese aid

Syful Islam 2018-04-07 00:08:34

Bangladesh achieved considerable progress in utilising Japan's aid loan in the Japanese financial year ending in March, data shows. The disbursement of overseas development assistance loan from JICA...

Remittance inflow jumps by 17.04pc in nine months

-- 2018-04-06 19:38:39

Remittance inflow in the first nine months rose by 17.04 per cent to that of the corresponding period of the previous fiscal. As per Bangladesh Bank (BB) data, expatriate Bangladeshis sent US $10,761...

Secondary trading of t-bills, bonds declines in February

FE Online Report 2018-04-06 13:02:08

Secondary trading of the treasury bills and bonds declined in February, according to the latest statistics of the central bank. In terms of the turnover volume, it was down by 55 million to Tk 5.56 b...

Indo-Bangla Pharma IPO process hinges on court

FE Report 2018-04-06 11:48:28

The subscription to the IPO (initial public offering) of Indo-Bangla Pharmaceuticals Limited, which was supposed to start from Sunday, will remain suspended until resolution of a stay order on the p...

Intraco Refueling Station to hold IPO lottery Apr 17

FE Report 2018-04-06 11:45:39

The initial public offering (IPO) lottery of Intraco Refueling Station will be held on April 17 to allocate 30 million ordinary shares among the successful applicants, officials said. The lottery p...

ADB launches new procurement policy

FE Report 2018-04-06 11:10:33

The government and the Asian Development Bank (ADB) have reviewed the implementation status and readiness of the lender's assisted projects in Bangladesh to further improve development results. The A...

Emphasis on flexible tax policy to entice FDI

FE Online Report 2018-04-05 20:26:40

The country’s investment promotion authorities urged the government’s revenue authority to adopt a more flexible tax policy to woo more foreign direct investment (FDI). The suggestions...

Stocks end week on high note

FE Online Report 2018-04-05 15:42:33

Stocks finished the week’s last session on a positive note Thursday as optimistic investors went on late hours buying spree on sector-wise issues. Market insiders said the bourse ended higher a...

China to develop industrial zone in Ctg

-- 2018-04-05 13:19:55

China is developing a 750-acre industrial park in Bangladesh which will largely be used by Chinese manufacturing firms, a Chinese official said on Wednesday, part of its push to expand links with Sout...

Monno Stafflers share hits two-year high sans PSI

FE Report 2018-04-05 12:24:16

The share price of Monno Jute Stafflers is soaring without any price sensitive information (PSI) as the company's price surged further by 7.50 per cent Wednesday. In last five trading days, the compa...

BRAC Bank records 35pc profit growth in 2017

FE Desk 2018-04-05 10:56:16

BRAC Bank has recorded a growth of nearly 35 per cent in year-on-year consolidated net profit in 2017 over last year. The bank reported a consolidated net profit after tax of BDT 5,498 million in 201...

Standard Bank recommends 10pc stock dividend

FE Online Report 2018-04-05 10:48:53

The board of directors of Standard Bank Limited 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...

Premier Bank recommends 15pc stock dividend

FE Online Report 2018-04-05 10:47:59

The board of directors of Premier Bank Limited has recommended 15 per cent stock dividend for the year ended on December 31, 2017. The final approval of the dividend will come during the annual gener...

HC stays Indo-Bangla Pharma IPO for six months

FE Report 2018-04-05 10:27:38

The High Court (HC) has stayed the IPO (initial public offering) process of Indo-Bangla Pharmaceuticals Limited for six months as four directors of the company are 'loan defaulters' as guarantors, a j...

NOAB demands keeping print media out of tax net

FE Report 2018-04-05 10:05:16

Newspaper owners on Wednesday proposed the government to keep the print media out of tax net considering it a "sick" industry, which would perish gradually with the expansion of digital media. The le...

Banking sector growth likely to decline in FY ’18

FHM Humayan Kabir 2018-04-05 09:31:15

A number of scams along with troubles of varying nature have hit the growth of the country's banking sector, as its expansion rate is likely to drop by 1.32 percentage points in the current fiscal yea...

BD to get 85.11m euro from IDB for rural, peri-urban housing

-- 2018-04-04 19:32:00

Bangladesh will receive 85.11 million Euro in loan from the Islamic Development Bank (IDB) for rural and peri-urban housing. Bangladesh signed a loan agreement with this Jeddah-based lending agency o...

DSE, CSE end flat after bumpy ride

FE Online Report 2018-04-04 15:53:05

Stocks ended almost flat Wednesday with turnover falling further as investors were active on both sides of the trading fence. Analysts said the market ended flat after high volatility as a section of...

Many businesses balk at paying VAT unlike income tax: NBR chief

FE Online Report 2018-04-04 15:49:52

Many business entities are reluctant to pay VAT (value added tax) to the government exchequer as it is yet to get acceptance like income tax, National Board of Revenue (NBR) chairman Md Mosharraf Hoss...

Road ministry seeks 74pc higher fund

FHM Humayan Kabir 2018-04-04 12:29:37

The ministry of road transport and bridges has sought Tk 430.48 billion in the next development budget, up 74 per cent it received in the last fiscal year. In the last financial year of 2017-18, the...

BB cuts banks’ CRR, effective from Apr 15

FE Report 2018-04-04 12:24:20

The central bank of Bangladesh slashed on Tuesday the cash reserve requirement (CRR) by 1.0 percentage point to 5.50 per cent, enabling all the scheduled banks to use Tk 101 billion worth of additiona...

Bourses see upward trend in early trading

FE Online Report 2018-04-04 12:19:03

The prices of most of the stocks saw upward trend in early trading Wednesday, as investors are active on specific stocks encouraged by the government’s steps to ease the ongoing liquidity crun...

Economy encountering money market, BoP imbalances

Asjadul Kibria 2018-04-04 12:17:15

The ongoing chaos in the country's financial market is the manifestation of inefficiency in managing the macro-economy, economists said. They warned that measures taken lately to shore up liquidity i...

DSE backs corporate tax cut demand

FE Report 2018-04-04 12:10:14

The government is willing to reduce the corporate tax rates in line with the proposals coming from various quarters. "The government wants to slash the corporate tax rates, but it's not certain when...

Takaful Insurance recommends 11pc dividend

FE Online Report 2018-04-04 11:13:35

The board of directors Takaful Insurance has recommended 5.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday. The final...

Export earnings decline by 1.38pc in March

FE Report 2018-04-04 00:33:59

The country's export earnings in March dropped by 1.38 per cent to $3.05 billion, compared to the corresponding month of last calendar year, according to officials data released on Tuesday. In March...

BB fixes fees against loans for financial institutions

-- 2018-04-03 18:13:17

Bangladesh Bank (BB) has fixed fees against credit or lease for all financial institutions (FIs). As per a circular issued by the central bank on Monday, the fees for all FIs against loans will be th...

ECNEC approves 10 projects worth Tk 34.16b

FE Online Report 2018-04-03 17:58:41

The Executive Committee of the National Economic Council (ECNEC) approved 10 projects at a combine cost of Tk 34.16 billion at its meeting Tuesday. Prime Minister Sheikh Hasina presided over the meet...