Search results for: Bangladesh

IDLC's performance highlights show resilience in 2018

FE Desk Report February 19, 2019 10:50:10

IDLC Finance's total loan book increased by 17.39 per cent and now stands at BDT 83.9 billion in 2018. NPLs reduced to 2.20 per cent from 2.77 per cent in the previous year, reflecting an improvement...

StanChart projects 7.2pc growth for Bangladesh

FE Report February 19, 2019 09:46:04

Bangladesh economy is likely to grow at a rate of 7.2 per cent during the ongoing and the next fiscal years (FY), according to projections of the Standard Chartered (StanChart). "We project the Bangl...

Kishoreganj EZ obtains final licence

-- February 18, 2019 20:35:40

The Kishoreganj Economic Zone (KEZ), a concern of Nitol Niloy Group, has obtained final licence from Bangladesh Economic Zones Authority (BEZA). BEZA Executive Chairman Paban Chowdhury handed over th...

Public subscription of New Line Clothings opens

FE Online Report February 18, 2019 18:42:07

Public subscription New Line Clothings opened on Monday which will raise a fund worth Tk 300 million from the capital market under the fixed price method. The initial public offering (IPO) subscripti...

DSEX slumps to six-week low on selling binge

FE Online Report February 18, 2019 17:01:00

Stocks plummeted on Monday, after remaining positive in the past three sessions as risk-averse investors went on selling binge. Market analysts said cautious investors sold amid disappointing earning...

Guardian Life posts 300pc growth in two straight years

FE Report February 18, 2019 14:41:10

Guardian Life Insurance Limited, the fastest growing life insurance company in Bangladesh, saw over 300 per cent growth rate in the last two consecutive years -- 2016 and 2017. The country's leading...

Bourses open downwards

FE Online Report February 18, 2019 11:29:18

The prices of most of the shares on both the bourses witnessed a downward trend in the early hour of trading on Monday as risk-averse investors were selling shares on sector-wise stocks. Following th...

IDLC Finance recommends 35pc dividend

FE Online Report February 18, 2019 11:00:56

The board of directors of IDLC Finance Ltd has recommended 35 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Monday. The final approval of the dividend...

MBL businesses to grow more, two new subsidiaries in the offing

Special Correspondent February 18, 2019 10:45:06

Mercantile Bank Ltd (MBL) during the last three years witnessed a solid growth in all parameters of businesses due to concerted efforts, performed by a team of committed and dedicated professionals....

New money laundering rules define working areas of investigators

Doulot Akter Mala February 18, 2019 10:28:07

The Ministry of Finance (MoF) has issued the long-awaited rules of the Money Laundering Prevention Act 2012 by defining working areas of the investigators. Six government entities empowered to prob...

DSE for imposing lock-in on sponsors’ bonus shares

FE Report February 18, 2019 09:54:34

The Dhaka Stock Exchange (DSE) will sit with the securities regulator soon with a set of proposals to dig out the listed companies' wrongdoings that affect the interest of general investors. Before s...

Stocks begin week on positive note

FE Online Report February 17, 2019 17:53:55

Stocks ended marginally higher on opening day of the week as some investors showed their buying appetite on sector specific shares. Market analysts said bargain hunters took position on stocks whic...

Stocks end in green amid low turnover

FE Online Report February 17, 2019 15:58:30

Stocks ended marginally higher amid low turnover on Sunday, opening day of the week, as some investors showed their buying appetite on sector specific shares. Market analysts said bargain hunters too...

JMI to sell 11.10m shares to NIPRO at Tk 164.10 each

FE Online Report February 17, 2019 12:23:29

JMI Syringes & Medical Devices has decided to sell per share at Tk 164.10 to NIPRO Corporation of Japan, including Tk 154.10 as a premium. The decision was taken at an extra-ordinary general meet...

Shasha Denims to acquire 80pc stakes in EOS Textile

FE Online Report February 17, 2019 12:19:09

Shasha Denims has decided to acquire 80 per cent stakes in EOS Textile Mills instead of earlier decision of 40 per cent shares at a value of US$ 12 million (Tk 1,014 million). EOS Textiles Mills, a 1...

Stocks rise in early trading; DSEX gets 26 points

FE Online Report February 17, 2019 11:48:55

The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Sunday as investors are showing their buying spree. Following the previous week’s correction, th...

IPO subscription of New Line Clothings begins Monday

FE Report February 17, 2019 10:48:18

The subscription of initial public offering (IPO) of New Line Clothings will begin tomorrow (Monday). Through the IPO, the company will raise a fund worth Tk 300 million (30 crore) from the capital m...

Extended plant of GPH Ispat goes into production by June

Our Correspondent February 17, 2019 10:43:20

The extended plant of GPH Ispat is going into production with electric ark furnace quantum method (EAFQM) by June this year which will turn it into a reputed brand. This will enlighten the image of B...

Post-LDC challenge lies in incentivising exports

Jasim Uddin Haroon February 17, 2019 09:40:12

Bangladesh in all likelihood would face challenges in relation to its export trade, once it shakes off its least developed country (LDC) status. The existing incentive regime will no more remain vali...

BIDA for reform of 'fiscal depreciation' provision in tax law

Doulot Akter Mala February 17, 2019 09:34:57

The Bangladesh Investment Development Authority (BIDA) has recently suggested updating of the fiscal depreciation, as mentioned in the third schedule of the income tax ordinance. During a meeting wit...

Weekly analysis: Major sectors lead stocks lower

Babul Barman February 16, 2019 10:52:41

Stocks continued to decline, extending their losing streak for a third straight week that ended on Thursday, as investors keep selling shares of major sectors. The week featured five trading days as...

Fortune Shoes shines with highest turnover

FE Report February 16, 2019 10:50:26

Fortune Shoes dominated the turnover chart of the Dhaka bourse last week that ended on Thursday while ten most traded companies accounted for nearly 28 per cent of the total transactions. Market anal...

Employment rate in BD exceeds global average: ILO

-- February 15, 2019 21:55:34

International Labour Organisation (ILO) has said the employment rate in Bangladesh and other countries in the region exceeded the global average and was expected to remain so in the coming years in vi...

HR Textile to issue corporate bond

FE Online Report February 15, 2019 12:39:42

The board of directors of HR Textile Limited has decided to issue a seven years non-convertible redeemable fixed rate corporate bond with face value of Tk 500 million. The company has decided to issu...

Fortune Shoes tops turnover chart for third straight day

FE Report February 15, 2019 10:47:48

Ten most traded companies grabbed more than 28 per cent of turnover of the Dhaka Stock Exchange (DSE) on Thursday, with Fortune Shoes remaining at the top of the chart for the third straight session....

Incentive pays off as exports to new mkts on upswing

Jasim Uddin Haroon February 15, 2019 09:49:42

The government's efforts to incentivise the exporters reaching out to new markets beyond the traditional export destinations are paying off, people familiar with the matter have told the FE. The proc...

Green Delta, InfoCorp join hands to facilitate livestock insurance

FE Report February 14, 2019 22:08:16

Green Delta Insurance Company in partnership with Singapore-based InfoCorp Technologies will conduct a pilot project to facilitate livestock insurance in the country. To this effect, both the compani...

Stocks end nearly flat, turnover rises

FE Online Report February 14, 2019 15:41:16

Stocks managed to end higher on Thursday amid rising trading activities as investors were active both sides of trading fence. Market analysts said bargain hunters took position on stocks which suffer...

Renata to set-up subsidiary in Ireland

FE Online Report February 14, 2019 12:13:58

The board of directors of Renata Limited has approved the plan to establish a subsidiary company in Ireland fulfilling the regulatory requirement to export in EU countries. Renata, a pharmaceutical a...

Stocks rise on buying spree

FE Online Report February 14, 2019 12:01:17

The prices of most of the shares on bourses witnessed positive trend in early hour of trading on Thursday as some investors are showing their buying spree. Following the previous day’s modest g...