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Search results for: Bangladesh

Share prices of two cos soaring sans PSI

Share prices of two cos soaring sans PSI

FE Online Report 2018-03-27 11:42:36

Share prices of two companies – Wata Chemicals and Salvo Chemical Industries are soaring without any price sensitive information (PSI). In the last seven days, the share price of Wata Chemicals...

Bourses see downturn at opening

Bourses see downturn at opening

FE Online Report 2018-03-27 11:31:56

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading Tuesday as investors mostly followed cautious stance amid ongoing dividend declaration session. Foll...

IPO subscription of Indo-Bangla Pharma to begin April 8

IPO subscription of Indo-Bangla Pharma to begin April 8

FE Report 2018-03-26 10:27:03

The initial public offering subscription of Indo-Bangla Pharmaceuticals is set to begin on April 8 while public subscription of Intraco Refueling Station will be ended tomorrow (Tuesday). Indo-Bangla...

BB issues new rules on hiring CFO, CITO for banks

BB issues new rules on hiring CFO, CITO for banks

FE Report 2018-03-26 10:00:07

The central bank has introduced a new set of regulations on appointment of chief financial officer (CFO) and chief information technology officer (CITO) of the banks to ensure good governance in the b...

Biman starts 3rd weekly Jeddah flight from Chittagong

Biman starts 3rd weekly Jeddah flight from Chittagong

-- 2018-03-26 09:53:48

Biman Bangladesh Airlines Sunday started operation of its third weekly flight to Jeddah from port city Chittagong. The national flag carrier's flight no BG 135 took off Hazrat Shah Amanat Internation...

Govt to introduce E-chalan to collect VAT, tax

Govt to introduce E-chalan to collect VAT, tax

-- 2018-03-26 09:49:03

The government will introduce E-chalan soon for collection of VAT and income tax. Finance secretary Muslim Chowdhury  informed the media this at city function Sunday to inaugurated 'e-chalan' ....

$51m Kuwait fund for urban development

$51m Kuwait fund for urban development

-- 2018-03-25 19:40:17

The Kuwait Fund for Arab Economic Development (KFAED) will provide US$ 51 million loan to Bangladesh for urban infrastructure development in 51 municipalities in the northern region. The loan agreeme...

DSE team meets BSEC chair

DSE team meets BSEC chair

FE Online Desk 2018-03-25 14:00:59

A delegation of Dhaka Stock Exchange (DSE) met the chairman of BSEC, Prof Khairul Hossain Sunday at his office in the city, said a press release. The DSE delegation included the newly-elected share...

DSE, CSE open week on optimistic note

DSE, CSE open week on optimistic note

FE Online Report 2018-03-25 11:49:02

The prices of most of the shares on both bourses witnessed an upward trend in early hour of trading on Sunday as investors were active on sector-wise stocks amid optimism. Following the previous week...

Mercantile Bank recommends 22pc dividend

Mercantile Bank recommends 22pc dividend

FE Online Report 2018-03-25 11:47:04

The board of directors of Mercantile Bank has recommended 17 per cent cash dividend and 5.0 per cent stock dividend for the year ended on December 31, 2017. The final approval of the dividend will co...

Five cos recommend dividend

Five cos recommend dividend

FE Report 2018-03-25 10:43:37

The board of directors of five listed companies, including two banks, have recommended dividend in last week between 10 per cent and 100 per cent for the year ended on December 31, 2017. The five com...

Economists contradict BBS claim on 'job-rich growth'

Economists contradict BBS claim on 'job-rich growth'

FHM Humayan Kabir 2018-03-25 09:43:02

Despite having higher economic growth, Bangladesh couldn't create requisite job opportunities, thereby putting the country's sustainable growth potential at risk, economists said. They said a higher...

BRAC Bank’s net profit jumps 35pc in 2017

BRAC Bank’s net profit jumps 35pc in 2017

FE Online Report 2018-03-24 18:54:29

BRAC Bank has recorded a growth of nearly 35 per cent in year-on-year net profit (consolidated) last year. The bank reported a consolidated profit after tax of nearly Tk 5.50 billion for the year tha...

Govt moves to intensify vigilance against money laundering

Govt moves to intensify vigilance against money laundering

-- 2018-03-24 17:57:43

The government has decided to pool information resources on money laundering in a single file to better track the capital flight and work in a coordinated way to bring the laundered money back home....

LDC graduation: ADB chief congratulates Bangladesh

LDC graduation: ADB chief congratulates Bangladesh

-- 2018-03-24 16:45:08

Asian Development Bank (ADB) President Takehiko Nakao has congratulated Bangladesh for meeting the criteria for graduation from Least Developed Country (LDC). The ADB president congratulated Prime Mi...

Weekly analysis: Stocks keep losing streak for fifth week

Weekly analysis: Stocks keep losing streak for fifth week

Babul Barman 2018-03-24 09:44:00

Stocks witnessed yet another bearish week, extending the losing streak for the fifth consecutive week that ended Thursday as shaky investors continued their selling spree amid persistent liquidity cri...

Greater job creation a must in post-LDC era: Muhith

Greater job creation a must in post-LDC era: Muhith

FE Report 2018-03-24 09:39:29

Muhith prioritises greater job creation and better use of funds from some newer windows as experts focused on challenges and advantages to emerge from Bangladesh's much-vaunted LDC graduation. Speake...

DSE shareholders back China as bourse partner

DSE shareholders back China as bourse partner

FE Report 2018-03-24 09:26:59

Dhaka Stock Exchange shareholders decide for the bid-winning Chinese consortium as strategic partner and want the deadlock settled as soon as possible. Their views came at the bourse's 56th annual ge...

DSE approves 10pc cash dividend

DSE approves 10pc cash dividend

FE Online Report 2018-03-23 18:16:10

The Dhaka Stock Exchange (DSE) has approved 10 per cent cash dividends for the last three consecutive years with the bourse’s net income increased by 3.42 per cent year-on-year. The premier bou...

BB seeks Tk 3.0b for EEF operation

BB seeks Tk 3.0b for EEF operation

FE Report 2018-03-23 11:49:22

The Bangladesh Bank (BB) has requested the government to release a sum of Tk 3.0 billion for smooth operation of the Equity and Entrepreneurship Fund (EEF). "We have requested the finance ministry to...

DSE expects stake sale to Chinese consortium to close by end-April

DSE expects stake sale to Chinese consortium to close by end-April

-- 2018-03-23 11:42:05

The Dhaka Stock Exchange (DSE) expects to close the sale of its 25 per cent stake in the bourse to a Chinese consortium by end-April, after tackling certain issues raised by Bangladesh's securities re...

Brokers push for BB steps as capital market wrestles with cash crunch

Brokers push for BB steps as capital market wrestles with cash crunch

FE Report 2018-03-23 09:51:01

The capital market stakeholders have demanded immediate implementation of the recommendations made by the Ministry of Finance intended to infuse new life into the moribund stock market. The demand ca...

Thrust on popularising hedging to curb risks

Thrust on popularising hedging to curb risks

FE Report 2018-03-23 09:35:27

Bangladesh needs to develop an effective benchmark interest rate along with broadening secondary bond market to popularise hedging mechanism for mitigating risks in future, senior bankers and expert...

Govt launches project to address post-LDC challenges

Govt launches project to address post-LDC challenges

FE Online Report 2018-03-22 17:36:35

The government launched 'Export Diversification and Competitiveness Development Project (Tier-2)' at a programme at CIRDAP auditorium in the capital on Thursday. Organised by the Ministry of Commerce...

Stocks rebound on buying spree

Stocks rebound on buying spree

FE Online Report 2018-03-22 15:15:19

Stocks returned to green on Thursday, snapping the three-day losing streak, as investors went on late hours’ buying spree on sector-wise stocks. Market operators said the optimistic investors...

Stocks see higher trend at opening

Stocks see higher trend at opening

FE Online Report 2018-03-22 11:35:38

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading on Thursday as optimistic investors went on buying binge on sector-wise stocks. After witnessing t...

BB eases forex rules for shipping lines

BB eases forex rules for shipping lines

FE Report 2018-03-22 10:03:48

The central bank has relaxed foreign exchange regulations allowing the shipping lines to issue bills of lading to the name of importers after receiving advance payment instead the name of banks earlie...

DSE's strategic partnership: Beijing for no politicisation

DSE's strategic partnership: Beijing for no politicisation

Mir Mostafizur Rahman 2018-03-22 09:50:34

China said it expects Bangladesh's relevant authorities would not 'politicise" the issue of China's planned strategic investment in the Dhaka bourse. "…this is a completely commercial investme...

Credit binge squeezes banks' liquidity

Credit binge squeezes banks' liquidity

Siddique Islam 2018-03-22 09:29:29

The overall excess liquidity with the country's banks shrank by nearly 18 per cent or Tk 154.61 billion by January, mainly for a lending binge against a deposit dearth. Selling the US dollar by the c...

DSEX dips below 5,600-mark again

DSEX dips below 5,600-mark again

FE Online Report 2018-03-21 15:39:53

Stocks witnessed a major correction Wednesday with key index of the Dhaka Stock Exchange (DSE) fell below 5,600-mark once again after nine months. Market operators said the retail investors went fo...