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The Financial Express

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LR Global renews pledge to promote investment after 'difficult' days

LR Global renews pledge to promote investment after 'difficult' days

-- 2021-05-08 16:01:56

LR Global, one of the top fund managers in Bangladesh, has pledged to resume its efforts to promote foreign direct investment in the country, which were hindered in 2015. The fund manager also vowed...

Weekly market review: Stocks extend rally amid eased virus concerns

Weekly market review: Stocks extend rally amid eased virus concerns

BABUL BARMAN 2021-05-08 11:37:10

Stocks extended the winning streak for the fourth consecutive week as investors continued their buying interest based on better-than-expected earnings and eased virus worries. The week saw five tradi...

MBL, AIBL mutual funds declare dividend

MBL, AIBL mutual funds declare dividend

FE REPORT 2021-05-07 10:29:34

The trustee boards of two closed-end mutual funds -- MBL 1st Mutual Fund and AIBL 1st Islamic Mutual Fund, managed by LR Global BD Asset Management -- have declared dividends for the year ended on Mar...

Union Bank to go public

Union Bank to go public

FE REPORT 2021-05-06 10:17:48

Union Bank, a fourth generation private commercial bank, has moved to raise a capital above Tk 4.0 billion from the capital market. To raise the capital, the bank will submit its IPO (initial public...

Stocks rise at opening amid rising turnover

Stocks rise at opening amid rising turnover

FE ONLINE REPORT 2021-05-05 11:08:12

Stocks opened higher on Wednesday as bargain hunters continued their buying appetite riding on regulatory initiatives and better than expected corporate declarations. The market opened higher and DSE...

Mutual Trust Bank declares 10pc stock dividend

Mutual Trust Bank declares 10pc stock dividend

FE ONLINE REPORT 2021-05-05 10:41:37

The board of directors of Mutual Trust Bank has recommended a 10 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual genera...

Capital Market Stabilisation Fund Rules approved

Capital Market Stabilisation Fund Rules approved

FE Report 2021-05-05 10:12:51

The securities regulator has approved the Bangladesh Securities and Exchange Commission (Capital Market Stabilisation Fund) Rules, 2021 on receipt of public opinion. The BSEC earlier formulated the r...

Tax receipts from DSE slump 30pc in April

Tax receipts from DSE slump 30pc in April

BABUL BARMAN 2021-05-05 10:08:51

The government's revenue earnings from the Dhaka Stock Exchange (DSE) slumped by 30 per cent month-on-month in April as share sales by sponsor-directors fell sharply. Market insiders said low amount...

UCB to invest Tk 2b in venture capital, private equity funds

UCB to invest Tk 2b in venture capital, private equity funds

FE REPORT 2021-05-05 09:51:56

The United Commercial Bank Limited (UCB) will invest an aggregate amount of funds worth Tk 2.0 billion in a venture capital fund and a private equity fund as well. The bank's board of directors has t...

DSE gains, CSE falls at opening

DSE gains, CSE falls at opening

FE ONLINE REPORT 2021-05-04 11:50:09

Dhaka stocks opened higher on Tuesday as bargain hunters showed their buying appetite riding on the regulatory move and better-than-expected corporate declarations by some companies. The market opene...

Foreign companies allowed to be sponsor of mutual funds

Foreign companies allowed to be sponsor of mutual funds

FE Report 2021-05-04 10:24:30

Foreign companies from now on will be allowed to be the sponsor of mutual funds (MFs) managed by local fund managers. The Bangladesh Securities and Exchange Commission (BSEC) on Monday took the decis...

Beximco Pharma’s Q3 profit rises 62.38pc, partly on vaccine fees

Beximco Pharma’s Q3 profit rises 62.38pc, partly on vaccine fees

-- 2021-05-02 15:45:51

Beximco Pharmaceuticals Ltd’s net profit rose 62.38 per cent year-on-year in the January-March quarter, partly riding on its income from vaccine distribution in Bangladesh. In a stock exchange...

Stocks rise at opening amid eased virus worries

Stocks rise at opening amid eased virus worries

FE ONLINE REPORT 2021-05-02 11:10:21

Stocks opened higher on Sunday as bargain hunters showed their buying appetite riding on the regulatory move and better than expected corporate declarations by some companies. The market opened highe...

Seven more listed cos declare dividends

Seven more listed cos declare dividends

FE ONLINE REPORT 2021-05-02 10:26:40

The board of directors of seven more listed companies, including two banks, have recommended a dividend between 2.0 per cent and 20 per cent for the year ended on December 31, 2020. The companies are...

Reckitt Benckiser declares record 1400pc cash dividend

Reckitt Benckiser declares record 1400pc cash dividend

FE REPORT 2021-05-01 10:48:26

Reckitt Benckiser, a UK-based listed multinational company, has declared 1400 per cent cash dividend for the year 2020 as the company earned record profit, thanks to the boom in disinfectant business...

Stocks soar at opening amid high turnover

Stocks soar at opening amid high turnover

FE ONLINE REPORT 2021-04-29 11:12:17

Stocks opened higher on Thursday as bargain hunters showed their buying appetite riding on the regulatory move and expected corporate declaration by some listed companies. The market opened on a posi...

BSEC moves to facilitate renewal of PPAs with listed power companies

BSEC moves to facilitate renewal of PPAs with listed power companies

Mohammad Mufazzal 2021-04-29 11:09:37

The securities regulator has moved to facilitate the renewal of the power purchase agreements (PPAs) earlier signed between the government and some listed power companies. The officials of the Bangla...

Standard Bank declares 2.5pc cash, 2.5pc stock dividend

Standard Bank declares 2.5pc cash, 2.5pc stock dividend

FE ONLINE REPORT 2021-04-29 10:43:38

The board of directors of Standard Bank has recommended 2.5 per cent cash and 2.5 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during...

Heidelberg Cement declares 20pc cash dividend

Heidelberg Cement declares 20pc cash dividend

FE ONLINE REPORT 2021-04-29 10:28:11

The board of directors of Heidelberg Cement Bangladesh has recommended 20 per cent cash dividend for the year ended on December 31, 2020, out of funds available for appropriation. The final approval...

Islami Bank declares 10pc cash dividend for 2020

Islami Bank declares 10pc cash dividend for 2020

FE ONLINE REPORT 2021-04-28 13:12:21

The board of directors of Islami Bank Bangladesh has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual ge...

AB Bank to issue rights share to strengthen equity capital

AB Bank to issue rights share to strengthen equity capital

FE ONLINE REPORT 2021-04-28 11:23:11

The board of directors of AB Bank has recommended for issuance of rights share for strengthening the equity capital base of the Bank at a sustainable level. Rights shares are issued to the company&rs...

Marico Bangladesh declares 200pc final cash dividend

Marico Bangladesh declares 200pc final cash dividend

FE ONLINE REPORT 2021-04-28 11:21:16

The board of directors of Marico Bangladesh has recommended a 200 per cent final cash dividend for the year ended on March 31, 2021. Thus, the multinational company declared a total of 900 per cent c...

Stocks rise marginally at opening

Stocks rise marginally at opening

FE ONLINE REPORT 2021-04-28 11:06:28

The market opened marginally higher on Wednesday after a sharp decline in the previous day as bargain hunters showed buying appetite riding on regulatory moves. The stock market regulator has allow...

Sonali Life's IPO subscription opens May 30

Sonali Life's IPO subscription opens May 30

FE REPORT 2021-04-28 10:30:41

The IPO subscription of Sonali Life Insurance Company will open from May 30, aiming to raise Tk 190 million under the fixed price method. The life insurer's initial public offering (IPO) subscripti...

Execution of directive on margin loan interest cap deferred till January next

Execution of directive on margin loan interest cap deferred till January next

FE REPORT 2021-04-28 10:21:00

The securities regulator has deferred the implementation of its directive regarding the cap on margin loan interest for another six months until January 1, 2022, considering the interest of the invest...

Yields on Bangladesh Government Treasury Bonds drop notably

Yields on Bangladesh Government Treasury Bonds drop notably

Siddique Islam 2021-04-28 10:14:01

The yield on Bangladesh Government Treasury Bonds (BGTBs) dropped significantly on Tuesday, as the commercial banks preferred to invest their excess funds in the securities due to the ongoing lockdown...

IDRA bans issuance of handwritten or printed paper receipts

IDRA bans issuance of handwritten or printed paper receipts

Raihan M Chowdhury 2021-04-28 10:11:26

Insurance Development and Regulatory Authority of Bangladesh (IDRA) has introduced a digital e-receipt service aimed at putting an end to the issuance of handwritten or printed paper receipts issued b...

Stocks fall sharply at opening

Stocks fall sharply at opening

FE ONLINE REPORT 2021-04-27 11:07:12

The market tumbled at the opening on Tuesday amid growing concern over the Covid-19 pandemic that ravaged India. The market fell sharply as soon as the market opened the DSEX, the prime index of the...

BSEC appoints two independent directors at Agni Systems

BSEC appoints two independent directors at Agni Systems

FE REPORT 2021-04-27 10:38:32

The stock market regulator has appointed two independent directors to Agni Systems in compliance with mandatory shareholding rules as the company's sponsor-directors failed to hold minimum 30 per ce...

Crystal Insurance to pay 10pc cash dividend for 2020

Crystal Insurance to pay 10pc cash dividend for 2020

FE ONLINE REPORT 2021-04-27 10:25:01

Crystal Insurance Company, which was listed on the stock market in December 2020, has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the divide...