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The Financial Express

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RN Spinning Mills decides to reduce paid-up capital

RN Spinning Mills decides to reduce paid-up capital

FE Online Report 2020-06-07 10:31:27

The board of directors of RN Spinning Mills has decided to reduce its paid-up share capital by issuing 1 share against existing 7 shares (7:1) of Tk 10 each to the existing shareholders. The reductio...

Formation of special fund: Scheduled banks asked to submit info on daily basis

Formation of special fund: Scheduled banks asked to submit info on daily basis

Mohammad Mufazzal 2020-06-07 10:03:18

Bangladesh Bank (BB) has asked the scheduled banks to submit information on daily basis regarding the formation of the special fund earlier announced to support the country's ailing capital market....

ACME Lab’s net profit drops slightly in nine months

ACME Lab’s net profit drops slightly in nine months

FE Online Report 2020-06-07 09:54:27

ACME Laboratories Ltd’s net profit after tax fell slightly by 1.74 per cent year-on-year in the nine months for July, 2019 to March, 2020. The board of directors of the company in a virtual mee...

LafargeHolcim tops Sustainalytics ESG Rating in construction materials sector

LafargeHolcim tops Sustainalytics ESG Rating in construction materials sector

FE DESK REPORT 2020-06-06 10:24:56

Sustainalytics, a global leader in environmental, social and governance risks (ESG) and Corporate Governance research and ratings, published its latest LafargeHolcim ESG Risk Rating. Of all 101 const...

Weekly Review: Twin perils hit stocks hard

Weekly Review: Twin perils hit stocks hard

Babul Barman 2020-06-06 10:17:51

Stocks plunged in the outgoing week, the first week after two months break, as the growing tension over the impacts of Covid-19 pandemic and the new 'floor price' system. Both the perils kept investo...

Asian stocks set for best weekly gain in nine years

Asian stocks set for best weekly gain in nine years

REUTERS 2020-06-05 13:42:03

Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelli...

Public opinion sought on draft rules for issuance of debt securities

Public opinion sought on draft rules for issuance of debt securities

FE Report 2020-06-05 10:07:07

The securities regulator has sought public opinion on the draft rules formulated for issuance of debt securities including the green bond. The stakeholders will be allowed to submit their opinions on...

Prime Bank's net profit grows 18 per cent in Q1

Prime Bank's net profit grows 18 per cent in Q1

FE DESK REPORT 2020-06-05 10:03:13

Prime Bank Limited has earned a net profit of Tk 510 million in the first quarter (Q1) of 2020 on solo basis, registering a growth of 18 per cent over the corresponding period of 2019. The bank has a...

FIs seek refinancing fund of Tk 100 billion

FIs seek refinancing fund of Tk 100 billion

FE REPORT 2020-06-05 10:00:28

Prime Minister Sheikh Hasina joined a ceremony on Thursday via video conference where a delegation of Bangladesh Leasing and Finance Companies Association (BLFCA) donated Tk 95 million to the Prime...

Delta Hospital applies to withdraw IPO proposal

Delta Hospital applies to withdraw IPO proposal

FE Report 2020-06-05 09:59:47

Delta Hospital has applied to withdraw its IPO (initial public offering) proposal to avoid the non-compliances to be created on the company's listing with the share price determined by eligible inve...

Stocks keep losing amid growing coronavirus tension

Stocks keep losing amid growing coronavirus tension

FE ONLINE REPORT 2020-06-04 15:26:46

Stocks kept the losing streak on Thursday as concerns over the worsening Covid-19 situation and the floor prices mechanism kept the market almost muted. DSEX, the key index of the Dhaka Stock Exchang...

Stocks open lower as investors mostly cautious   

Stocks open lower as investors mostly cautious  

FE Online Report 2020-06-04 11:30:03

Stocks witnessed downturn at opening on Thursday investors’ concerns over the worsening coronavirus situation and the floor prices mechanism kept the market almost muted. Within first 30 minute...

'Floor price' keeps buyers aloof

'Floor price' keeps buyers aloof

Mohammad Mufazzal 2020-06-04 10:03:16

Trading on both the bourses in the country remained dull as the majority of sale orders placed above the 'floor prices' kept the buyers aloof in last few sessions. As per existing system, the market...

Stocks end lower again amid sluggish turnover

Stocks end lower again amid sluggish turnover

FE ONLINE REPORT 2020-06-03 15:09:18

Stocks extended their losing streak for the third straight session on Wednesday as investors fearing further economic contraction due to ongoing coronavirus crisis. DSEX, the key index of the Dhaka S...

Stocks witness slow trend amid virus tension

Stocks witness slow trend amid virus tension

-- 2020-06-03 11:48:51

Stocks witnessed very slow trend in early hour of trading on Wednesday amid growing tension over the impacts of coronavirus pandemic in the listed companies’ earnings as well as country’s...

IPO subscription of Express Insurance now start June 14

IPO subscription of Express Insurance now start June 14

FE Online Report 2020-06-03 10:51:09

The public subsection of Express Insurance Ltd now will begin from June 14 as the insurer announced fresh date for IPO subscription on Wednesday. The IPO subscription for shares of the non-life ins...

Zoom nearly doubles revenue forecast on remote-work boost

Zoom nearly doubles revenue forecast on remote-work boost

Reuters 2020-06-03 10:15:44

Zoom Video Communications nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockd...

BSEC gets another commissioner

BSEC gets another commissioner

FE Report 2020-06-03 09:55:58

Md. Abdul Halim, former secretary of the industries ministry on Tuesday joined the securities regulator as a commissioner. Mr. Halim has joined the Bangladesh Securities and Exchange (BSEC) following...

Interest on treasury bond rises slightly

Interest on treasury bond rises slightly

SIDDIQUE ISLAM 2020-06-03 09:52:27

The interest rate on Bangladesh Government Treasury Bond (BGTB) increased slightly on Tuesday as banks were least interested in buying the instruments. The yield, generally known as coupon interest r...

Stocks keep losing amid growing virus tension

Stocks keep losing amid growing virus tension

FE Online Report 2020-06-02 15:22:12

Stocks kept their losing streak on Tuesday amid growing tension over the impacts of coronavirus pandemic in the listed companies’ earnings as well as country’s overall economy. DSEX, the...

Bourses open lower amid thin participation

Bourses open lower amid thin participation

FE Online Report 2020-06-02 11:31:44

Stocks saw downward trend in early hour of trading on Tuesday, maintaining the previous day’s downturn amid growing tension over the impacts of Covid-19 pandemic in the listed companies’ e...

Prime Bank’s EPS surges 13.5pc in Q1

Prime Bank’s EPS surges 13.5pc in Q1

FE Online Report 2020-06-02 10:56:11

Prime Bank’s consolidated earnings per share (EPS) rose 13.5 per cent year-on-year in the first quarter (Q1) for January-March, 2020, according to an official disclosure on Tuesday. The board o...

Two more MFs get another 10-year extension

Two more MFs get another 10-year extension

FE ONLINE REPORT 2020-06-02 10:46:00

Two more close-end mutual funds, managed by ICB Asset Management Company, each have got their tenure extension for another 10 years, said an official disclosure on Tuesday. Closed-end mutual funds ar...

BB, BSEC hold parley to develop capital market

BB, BSEC hold parley to develop capital market

FE Report 2020-06-02 10:11:09

The central bank and the securities regulator took a set of decisions in a meeting on Monday, including disbursement of the listed banks' cash dividends only among small investors, considering their w...

MBL puts thrust on financing health sector, MSME

MBL puts thrust on financing health sector, MSME

Siddique Islam 2020-06-02 10:01:14

Mercantile Bank Limited (MBL) has taken a series of measures to bring un-banked people into the banking network through boosting micro, small and medium enterprises (MSME) across the country. "We a...

Stocks back to downturn amid growing virus tension

Stocks back to downturn amid growing virus tension

FE ONLINE REPORT 2020-06-01 15:41:44

Stocks got back into the red on Monday, the second trading session after a long closure, amid a growing tension over the Covid-19 outbreak as the country is set to emerge a new global hotspot for the...

Asia stocks reach three-month peaks, resilient to US riots

Asia stocks reach three-month peaks, resilient to US riots

REUTERS 2020-06-01 12:18:04

Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in US cities and unease over Washington's power struggle with Beijing. There wa...

Stocks fall at opening as virus fears mount

Stocks fall at opening as virus fears mount

FE Online Report 2020-06-01 11:32:04

Stocks witnessed downward trend in early hour of trading on Monday amid mounting fears over coronavirus outbreak as the country is set to emerge a new global hotspot for the virus. The presence of in...

Uttara Bank revises dividend declaration for 2019

Uttara Bank revises dividend declaration for 2019

FE Online Report 2020-06-01 10:55:37

The board of directors of Uttara Bank Limited has revised the recent dividend declaration for the year ended on December 31, 2019 due to the central bank’s dividend policy circular, said an offi...

Four listed cos’ shut factories due to Covid-19 pandemic

Four listed cos’ shut factories due to Covid-19 pandemic

FE Online Report 2020-05-31 17:34:00

Four listed companies – Tallu Spinning Mills, Usmania Glass Sheet Factory, Monno Ceramic Industries and Monno Stafflers- have shut down their factories due to COVID-19 pandemic. The factory of...