Loading...
The Financial Express

Search results for: ban

Peninsula downgraded to ‘B’ category

Peninsula downgraded to ‘B’ category

FE Online Report 2017-12-07 12:00:00

Port city-based hotel The Peninsula Chittagong will be placed in ‘B’ category from the existing ‘A’ category with effect from Sunday next. The travel & leisure s...

Public subscription of CAPM IBBL MF to begin Dec 10

Public subscription of CAPM IBBL MF to begin Dec 10

FE Report 2017-12-07 10:17:12

The initial public offering (IPO) subscription of CAPM IBBL Islamic Mutual Fund, a closed-end mutual fund, is set to begin December 10 which will raise Tk 300 million through IPO from the general publ...

VAT returns rise two-fold

VAT returns rise two-fold

FE Online Report 2017-12-07 06:39:34

Number of Value Added Tax (VAT) returns increased to two-fold this year following introduction of online issuance of the business identification number (BIN) by the National Board of Revenue (NBR). S...

Buriganga to have underwater tunnel

Buriganga to have underwater tunnel

-- 2017-12-07 02:05:10

Government is contemplating a plan to build an underwater tunnel under the Buriganga to ease hardship of commuters on each side of the river. Shipping Minister Shahjahan Khan came up with the disclos...

Two donors may finance another metro rail line

Two donors may finance another metro rail line

Munima Sultana 2017-12-06 12:00:00

The government is expecting to get necessary fund from two development partners for implementing another metro rail line (Hemayetpur-Gabtoli-Notun Bazar route) in the city. A mission from Asian Devel...

BB launches special inspection of troubled Farmers Bank

BB launches special inspection of troubled Farmers Bank

Siddique Islam 2017-12-06 12:00:00

The central bank has launched a special inspection of the problem-ridden Farmers Bank Limited (FBL) to assess its real financial health, after heads rolled over a crisis of the trouble-hit fourth-gene...

DSE, CSE marginally higher at opening

DSE, CSE marginally higher at opening

FE Online Report 2017-12-06 12:00:00

The prices of most of the shares on both bourses saw positive trend in early trading Wednesday, penultimate trading day of the week, as investors continued their buying appetite on sector-wise issues....

Roknoor Holdings to buy 3.64m Premier Cement shares

Roknoor Holdings to buy 3.64m Premier Cement shares

FE Online Report 2017-12-06 12:00:00

Roknoor Holdings Limited has expressed its intention to buy more than 3.64 million shares of the Premier Cement at prevailing market price through stock exchange within next 30 working days. “R...

Thrust on building  financial ecosystem

Thrust on building financial ecosystem

FE Online Desk 2017-12-06 12:00:00

M2M Group arranged a roadshow of their products in The Westin Hotel Dhaka recently. Commerce Minister Tofail Ahmed, MP, was the chief guest while Hosne Ara Begum, ndc, Managing Director, Hi-Tech Park...

NRB Commercial Bank MD removed for loan scam

NRB Commercial Bank MD removed for loan scam

FE Online Report 2017-12-06 12:00:00

The central bank has removed NRB Commercial Bank’s Managing Director (MD) and Chief Executive Officer (CEO) Dewan Mujibur Rahman on charges of violating rules and regulations in sanctioning loan...

Stocks slip into red amid sluggish turnover

Stocks slip into red amid sluggish turnover

FE Online Report 2017-12-06 12:00:00

Stocks slipped into the red Wednesday as risk-averse investors opted for booking profit on bank and telecom stocks. Dealers said investors were mostly inactive and not confident enough to put in fres...

Apparel export to USA declines by 4.93pc in Jan-Oct

Apparel export to USA declines by 4.93pc in Jan-Oct

FE Online Report 2017-12-06 12:00:00

The country's apparel export to USA declined by 4.93 per cent to $4.35 billion during January to October period of 2017 calendar year. Bangladesh fetched $ 4.58 billion from apparel exports to its si...

Exim Bank launches app-based service

Exim Bank launches app-based service

-- 2017-12-06 12:00:00

The Exim Bank has launched app-based eWallet Banking Service to generate more transactions to reduce customers’ time and energy. Through the app, titled Apps Banking, the Exim Bank customers ca...

Taxpayers can get eTIN, VAT reg from DW17

Taxpayers can get eTIN, VAT reg from DW17

FE Online Report 2017-12-06 12:00:00

Taxpayers can obtain electronic Taxpayer’s Identification Number (eTIN) and Value Added Tax (VAT) registration number from the four-day digital expo in city titled ‘Digital World-2017&rsqu...

NBR finds two cos compliant as drive continues

NBR finds two cos compliant as drive continues

Doulot Akter Mala 2017-12-06 11:44:27

The tax authority Tuesday inspected another company as part of its ongoing drive to find out incidences of non-compliance in payment of pay-roll tax by the foreign employees working in the country. T...

Capital Market Expo-2017 begins Thursday

Capital Market Expo-2017 begins Thursday

FE Report 2017-12-06 10:58:53

A three-day long Bangladesh Capital Market Expo-2017 begins tomorrow (Thursday) at Shilpakala Academy in the city. Commerce Minister Tofail Ahmed will attend the inaugural ceremony of the Expo as t...

BD economy to grow by 7.1pc in FY18: ESCAP

BD economy to grow by 7.1pc in FY18: ESCAP

FE Online Report 2017-12-06 06:33:31

The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has projected the growth rate of Bangladesh economy to be 7.1 per cent in the current fiscal year (FY18). This lat...

WB, IFC mission holds meeting with DSE

WB, IFC mission holds meeting with DSE

-- 2017-12-06 06:03:59

A delegation of a mission, jointly conducted by the World Bank Group and the International Finance Corporation (IFC), held a meeting with the Dhaka Stock Exchange authority. During the meeting on Tue...

SIBL to issue Tk 5.0 billion Mudaraba Bond

SIBL to issue Tk 5.0 billion Mudaraba Bond

FE Online Report 2017-12-05 12:40:21

The board of directors of Social Islami Bank Limited (SIBL) has decided to issue ‘SIBL 3rd Mudaraba Subordinated Redeemable Bond’ of Tk 5.0 billion for 7 years, said an official disclosu...

City Bank to issue Tk 7b subordinated bond

City Bank to issue Tk 7b subordinated bond

FE Online Report 2017-12-05 12:39:09

The board of directors of City Bank Limited has decided to issue subordinated debt (bond) worth Tk 7.0 billion, said an official disclosure on Tuesday.  “The bank will issue the bond for r...

Stressed advances now 17pc of banks'  outstanding loans

Stressed advances now 17pc of banks' outstanding loans

FE Report 2017-12-05 12:00:00

As of 2016, the country's banks' stressed advances -- the summation of non-performing, restructured and rescheduled loans -- stood at 17 per cent of their total outstanding loans, according a research...

Confusion causes delay in Jamuna tunnel study

Confusion causes delay in Jamuna tunnel study

Munima Sultana 2017-12-05 12:00:00

Any tangible task is yet to start on a planned tunnel under the river Jamuna as confusion over whether to do feasibility or pre-feasibility study clouds the way, sources said. They said though Bangla...

Interest rate spread drops slightly in October

Interest rate spread drops slightly in October

FE Report 2017-12-05 12:00:00

Overall interest rate spread in the country's banking sector fell slightly in October as the commercial banks slashed their interest rates more on lending than that of deposits, officials said. The w...

ADB to support Reliance LNG terminal, power project in BD

ADB to support Reliance LNG terminal, power project in BD

FE Online Desk 2017-12-05 12:00:00

The Asian Development Bank’s (ADB) Board of Directors in Manila has approved debt financing and partial risk guarantees totaling $583 million to develop the Reliance Bangladesh Liquified Natural...

Legacy Footwear extends time to resume production

Legacy Footwear extends time to resume production

FE Online Report 2017-12-05 12:00:00

The board of directors of Legacy Footwear Limited has extended more than one month time to complete the remaining unfinished work to resume production. The company’s production had been suspend...

Stocks up at opening Tuesday

Stocks up at opening Tuesday

FE Online Report 2017-12-05 11:42:47

Bangladesh’s stocks witnessed upward trend in early hour of trading on Tuesday as some optimistic investors are taking position on sector-wise stocks. Among the listed multinational companies,...

Tax receipts from DSE double in July-Nov

Tax receipts from DSE double in July-Nov

FE Report 2017-12-05 11:23:08

The government's revenue earnings from the prime bourse marked a whopping 112 per cent rise in the first five months of the current fiscal year (FY) compared to the same period a year ago amid rising...

UCBL signs agreement with CMP

UCBL signs agreement with CMP

-- 2017-12-05 05:36:44

United Commercial Bank Limited (UCBL) has signed an agreement with Chittagong Metropolitan Police (CMP) recently on ‘E-trafficking Prosecution and Fine Payment System’.  As per the a...

ACME Laboratories holds AGM

ACME Laboratories holds AGM

FE Online Desk 2017-12-05 03:43:27

The ACME Laboratories Limited (ACME) organised its 41stAnnual General Meeting (AGM) at the PSC Convention Hall in Dhaka on Monday. The shareholders of the ACME Laboratories has approved cash dividend...

DSE, CSE bounce back in green zone

DSE, CSE bounce back in green zone

FE Online Report 2017-12-05 02:58:37

Bourses returned to the green zone on Tuesday, but the turnover edged lower than the previous session as investors opted for buying riding on sector-specific issues. DSEX, the prime index of the DS...