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Search results for: Bangladesh

Stocks fall as pessimism grips markets

Stocks fall as pessimism grips markets

FE Online Report 2019-06-17 11:41:40

Stocks witnessed downward trend in early trading on Monday as some proposals of the budget made investors upsets. The finance minister proposed, among other measures, imposition of 15 per cent addi...

Investors not happy with 'market-friendly' budget

Investors not happy with 'market-friendly' budget

FE Report 2019-06-17 10:07:41

Stocks slumped Sunday, the first session after unveiling the national budget, as some proposals of the budget made investors upsets. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled a...

SoEs on track to rack up Tk 56b losses next fiscal

SoEs on track to rack up Tk 56b losses next fiscal

FE Report 2019-06-17 09:54:00

The government said state-owned enterprises (SoEs) will incur a loss of Tk 56.7 billion in the next fiscal year, accentuated by rising price of fuel in the international market. The forecast is highe...

IMF mission sounds alarm as banks' stressed assets soar

IMF mission sounds alarm as banks' stressed assets soar

Siddique Islam 2019-06-17 09:40:27

The International Monetary Fund (IMF) has expressed concern over the rising trend in stressed assets in the banking sector. The Washington-based lender recommended that the quality of assets should b...

Country devising ways to offset cash incentives withdrawal

Country devising ways to offset cash incentives withdrawal

Syful Islam 2019-06-17 09:27:39

The ministry of commerce is devising a mechanism on how to keep the country's export sector competitive without providing cash incentives in the post-LDC era, officials said. The idea is being worked...

Stocks slump first session after budget

Stocks slump first session after budget

FE Online Report 2019-06-16 17:52:39

Stocks ended lower on Sunday, the first session after unveiling the national budget, as investors reacted negatively to the proposed budget. Market analysts said the finance minister proposed imposit...

Stocks open post-budget session higher

Stocks open post-budget session higher

FE Online Report 2019-06-16 11:15:40

Stocks witnessed an upward trend in early hour of trading on Sunday, the first session after the budget declaration, as investors showed their buying spree on sector-wise issues. Market analysts said...

Govt reliance on savings tools faces huge cut

Govt reliance on savings tools faces huge cut

FHM Humayan Kabir 2019-06-16 09:25:51

The government has targeted cutting its borrowing target from the national savings certificates(NSC) by 42 per cent in the next three fiscals aimed at reducing fiscal risk, according to official docum...

FBCCI welcomes scope for whitening black money

FBCCI welcomes scope for whitening black money

-- 2019-06-15 16:18:01

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has welcomed the black money whitening facility in the proposed budget national budget for the 2019-20 fiscal year. The apex tra...

IMF mission to visit Bangladesh on June 16-27

IMF mission to visit Bangladesh on June 16-27

Siddique Islam 2019-06-15 10:40:49

A mission of the International Monetary Fund (IMF) is scheduled to visit the country from June 16 (tomorrow) to June 27 to review the overall macro-economic situation. The IMF Article IV Consultati...

Weekly analysis: Budget makes investors' hope a reality

Weekly analysis: Budget makes investors' hope a reality

Babul Barman 2019-06-15 10:06:26

Stocks extended the gaining streak into the third consecutive week that ended on Thursday as investors collected large-cap shares in the run-up to the budget amid high expectation. Market analysts...

PM addressing press conference on budget

PM addressing press conference on budget

FE Online Desk 2019-06-14 15:24:08

Prime Minister Sheikh Hasina started addressing a press conference at 3:00pm on Friday on budget at Bangabandhu International Conference Centre in Dhaka as Finance Minister AHM Mustafa Kamal fell ill....

Tax-free dividend income for investors doubled

Tax-free dividend income for investors doubled

FE Report 2019-06-14 11:47:47

Finance Minister AHM Mustafa Kamal has proposed the ceiling for tax-free dividend income up to Tk 50,000 in a bid to encourage stock market investors. At present, the ceiling for tax-free dividend...

Tax-free dividend income for stock investors doubled

Tax-free dividend income for stock investors doubled

FE Online Report 2019-06-13 17:53:08

Finance Minister AHM Mustafa Kamal has proposed the ceiling for tax-free dividend income up to Tk 50,000 in a bid to attract more investors to the market, which is going through a liquidity crisis. A...

Foreign exchange reserve now $33b

Foreign exchange reserve now $33b

-- 2019-06-13 17:35:22

Country’s foreign exchange reserve now stands at US$33 billion. Finance Minister AHM Mustafa Kamal came up with the statistics while placing the national budget for 2019-20 fiscal year in Parli...

Stocks rebound on budgetary hopes

Stocks rebound on budgetary hopes

FE Online Report 2019-06-13 15:40:04

Stocks rebounded on Thursday, after a single-day break, as investor showed their buying appetite on budget day on expectations. Market analysts said stocks budgetary hopes coupled with central bank&r...

Banks’ provision shortfall soars

Banks’ provision shortfall soars

FE Report 2019-06-13 12:17:20

Overall shortfall in provision against bank loans swelled by nearly 34 per cent or Tk 22.47 billion in the first quarter (Q1) of the current calendar year. The aggregate amount of provisioning shor...

Acme starts commercial production from IPO project

Acme starts commercial production from IPO project

FE Online Report 2019-06-13 12:02:46

The board of directors of Acme Laboratories has declared the commencement of commercial production of its state of the art Penicillin facility at Dhamrai after successful completion of trial productio...

Stocks witness volatility as budget today

Stocks witness volatility as budget today

FE Online Report 2019-06-13 11:58:54

Stocks witnessed choppy trading in early trading on Thursday as investors mostly followed cautious just ahead of budget declaration. Finance Minister A H M Mustafa Kamal is set to place the national...

Silco makes trading debut today

Silco makes trading debut today

FE Report 2019-06-13 10:27:09

Silco Pharmaceuticals Ltd. will make its share trading debut today (Thursday) on both the bourses under 'N' category, officials said. The DSE trading code for the company is "SILCOPHL" and the DSE co...

BSEC approves draft prospectus of new open-end fund

BSEC approves draft prospectus of new open-end fund

FE Report 2019-06-13 10:25:39

The securities regulator has approved the draft prospectus of the CWT Emerging Bangladesh First Growth Fund. The endorsement came at a meeting of the Bangladesh Securities and Exchange Commission (...

Asia Ins approves 10pc cash dividend

Asia Ins approves 10pc cash dividend

FE Desk Report 2019-06-13 10:24:11

Asia Insurance Limited has approved 10.0 per cent cash dividend for the year ended on December 31, 2018. The approval came at the company’s 19th annual general meeting (AGM) held at the Spect...

BBS Cables leads DSE turnover chart

BBS Cables leads DSE turnover chart

FE Report 2019-06-13 10:19:09

Ten most traded firms accounted for more than 24 per cent of transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with the BBS Cables making it to the top of the turnover chart. Market anal...

Kamal unpacks maiden budget today

Kamal unpacks maiden budget today

Jasim Uddin Haroon 2019-06-13 09:29:14

The government releases the budget for fiscal year 2019-20 today (Thursday) setting higher growth target, despite a number of domestic challenges. People familiar with the budget preparation said the...

Govt slashes bank borrowing by 26pc

Govt slashes bank borrowing by 26pc

FE Report 2019-06-13 09:24:32

The government has scaled down its bank borrowing target by more than 26 per cent for the outgoing fiscal year (FY), mainly due to the lower implementation of the annual development programme (ADP)....

Profit booking drags markets lower

Profit booking drags markets lower

FE Online Report 2019-06-12 16:02:39

Stocks slipped into the red on Wednesday, breaking an eight-day gaining streak, as some investors booked quick-profit on sector-wise shares. Market analysts said stocks returned to the red as a secti...

Silco Pharmaceuticals to make debut Thursday

Silco Pharmaceuticals to make debut Thursday

FE Online Report 2019-06-12 12:03:41

Silco Pharmaceuticals Limited will make its share trading debut on Thursday on the bourses under ‘N’ category, officials said. The Silco Pharma raised a fund worth Tk 300 million by float...

Stocks see correction in early trading

Stocks see correction in early trading

FE Online Report 2019-06-12 11:58:18

Stocks see marginal correction in early trading on Wednesday as some investors are booking profits on recent surge. Following the previous eight days’ gain, the Dhaka Stock Exchange (DSE) and...

Benapole port earns Tk 51.85b revenue in FY19

Benapole port earns Tk 51.85b revenue in FY19

-- 2019-06-12 11:31:35

Benapole port has earned Tk 51.85 billion revenue in the current fiscal year, said Mamunur Rahman, Deputy Director of Benapole Port Authority. A record quantity of goods was imported from India in th...

Ten cos snare 25pc transactions on DSE

Ten cos snare 25pc transactions on DSE

FE Report 2019-06-12 11:03:57

Ten most traded companies accounted for 25 per cent of transactions on the Dhaka Stock Exchange (DSE) on Tuesday, with the United Power Generation & Distribution Company making it to the top of th...