Entrepreneurs stare at another blow as electricity tariff goes up
Entrepreneurs who have been finding it difficult to keep their head above water for the past two years owing to higher prices of energy, raw materials and massive depreciation of the local currency are staring at another blow as their cost of production is set to rise following the hike in electricity tariffs.
3 March 2024, 00:42 AM
Insurance premium growth slows
Insurance premium growth decelerated in 2023 as people’s purchasing power eroded amid higher inflationary pressure, despite the sector’s immense potential in a country that has one of the lowest penetration rates in the world.
1 March 2024, 00:58 AM
World Bank suggests unified exchange rate, further monetary tightening
The World Bank has recommended Bangladesh put in place a unified exchange rate and tighten monetary policy further in order to tame persistently high inflationary pressure and end the foreign exchange crisis.
27 February 2024, 00:33 AM
Institutional investors sell off 32% shares of Khan Brothers
Some institutional investors sold their 32 percent stake, or 3.23 crore shares, of Khan Brothers PP Woven Bag Industries Ltd in the second half of 2023, according to the market regulator.
23 February 2024, 00:12 AM
'Categorise companies on governance, not dividend'
Listed companies should be categorised based on the quality of their governance instead of their dividends as governance has a long-term impact for investors, said Ahsanur Rahman, CEO of BRAC EPL Stock Brokerage.
18 February 2024, 00:39 AM
Retail investors' holdings in stocks fall by half in 12 years
Retail investors’ stakes in the share market of Bangladesh have nearly halved in the last 12 years as they are increasingly losing their appetite for stocks owing to a lacklustre market performance.
10 February 2024, 19:47 PM
Brokerage houses nudge investors into treasury bonds after initial apathy
Brokerage firms in Bangladesh are increasingly encouraging stock investors to invest in treasury bonds as the risk-free securities are offering lucrative returns, which are higher than the deposit rate in the banking sector.
9 February 2024, 01:32 AM
Shwapno’s loss spirals to Tk 1,600cr in 15 years as finance cost gets heavier
Shwapno, the leading retail chain brand in Bangladesh, started making operating profit, but its loss accumulated to Tk 1,661 crore over the past 15 years largely due to mammoth loans that are pushing up finance costs every year.
4 February 2024, 01:41 AM
Square Pharma’s Kenya unit logs higher revenue
Bangladesh’s largest drug producer, Square Pharmaceuticals, saw increased sales from its Kenya project in the second quarter of fiscal year (FY) 2023-24.
2 February 2024, 00:21 AM
BB measures may not work in reining in inflation
The economy is going through a crisis as evidenced by the deterioration in all economic indicators. Prof Rashed Al Mahmud Titumir, chairman of the development studies department at the University of Dhaka, talks about the steps that were missing as inflation surged and what needs to be done now to bring the situation under control, in an interview
31 January 2024, 17:16 PM
Bangladesh's power purchase supercharges Adani revenue
Bangladesh’s power purchase from Adani Power contributed to the massive profit the Indian conglomerate made in the first nine months of the 2023-24 fiscal year.
30 January 2024, 01:28 AM
Investors on edge as stocks end two years of inflated prices
The ongoing decline of share values in the stock market of Bangladesh was expected as the removal of floor prices has allowed them to adjust to their real levels, according to market analysts.
28 January 2024, 01:27 AM
Corporate profit squeezed by energy cost, currency shock
Despite higher sales, profit of listed companies dropped 20 percent, with depreciation of local currency and higher energy cost to blame
23 January 2024, 01:00 AM
Power producers saw profits erode in FY23
Devaluation of local currency, reduction of capacity charge caused power companies profits to erode in FY 2022-23
22 January 2024, 02:00 AM
Food makers’ sales growth halves amid higher inflation
Inflation is the leading cause of the slow growth of leading food makers
21 January 2024, 00:15 AM
'Floor price for stocks should not be reintroduced'
Floor price should not be reintroduced as its unfriendly to both investors and market, said Saiful Islam, president of DBA
20 January 2024, 20:30 PM
Listed apparel exporters' profit drops 50% despite strong dollar
Even with taka's devaluation, profits of listed export-oriented garment makers declined heavily for higher costs
19 January 2024, 01:45 AM
Regulator lifts floor price curbs on most stocks after 18 months
After 18 months, BSEC yesterday withdrew the floor price for most stocks, to bring back vibrancy to the market
19 January 2024, 01:30 AM
Higher production costs blindside building material industry
Despite registering higher revenue, building material makers profits were down for increasing production costs
18 January 2024, 00:42 AM
USD shortage, inflation slowing automobile sales
Automobile sales in Bangladesh recorded the steepest fall in profits among all sectors in fiscal 2022-23
17 January 2024, 00:00 AM