Deposit growth plunges in Islamic banks
Deposit growth of shariah-based banks in Bangladesh plunged in 2022 mainly due to lower confidence among savers after a number of scams in the sector were unearthed by the central bank.
13 August 2023, 18:00 PM
Stock market in a bad patch for floor price
The stock market of Bangladesh has been going through a bad patch for a year due to the presence of floor price, with political and macroeconomic uncertainties worsening the situation.
12 August 2023, 18:00 PM
Can Bangladesh hit development goals with scanty R&D?
Bangladesh’s economy has been growing at a striking rate in the last one decade on the back of low-paid workers in the manufacturing and service sectors but innovation has played insignificant role behind the development journey.
10 August 2023, 00:00 AM
Banks’ profits hit by lower income from forex market
The combined profits of 35 listed banks in Bangladesh dropped 9 percent year-on-year to Tk 4,160 crore during the first half of 2023 as volatility in the country’s foreign exchange market has curbed their commissions from forex dealings.
6 August 2023, 00:00 AM
Banks’ Tk 16,000cr stock investments remain stuck for floor price
Banks’ investments of more than Tk 16,000 crore have remained almost stuck in the stock market for the last one year owing to a thin presence of buyers amid the floor price, which has hit lenders’ bottom line and brought down their liquid assets.
3 August 2023, 00:00 AM
Insurance claim settlement far below average
Claim settlement in the insurance sector in Bangladesh stood at 67 percent in 2022, highlighting bad investments and non-compliance that prevented insurers from attaining a higher ratio, data from the regulator showed.
2 August 2023, 00:00 AM
Bright spots in insurance claim settlement
Bangladesh’s life insurance sector has always struggled in claim settlement, but the sector still has some good companies who are bearing the torch for all with faster fund repayment and good corporate governance.
1 August 2023, 18:00 PM
Insurers that are struggling to settle claims
A number of life insurance companies in Bangladesh struggled to settle claims in 2022 due to a lack of liquidity resulting from bad investments and fund embezzlement by their chairmen and directors.
1 August 2023, 18:00 PM
Most listed MNCs post higher profits despite headwinds
Most of the listed multinational companies operating in Bangladesh witnessed higher profits and sales in the April-to-June quarter despite persisting economic challenges at home and abroad, inflationary pressures and higher raw materials prices.
31 July 2023, 18:00 PM
Speed, Sustainability, and Superior Service
Once, the banking sector was meant for physical presence in the branch, and waiting in a long queue to deposit and withdraw funds.
28 July 2023, 10:40 AM
‘Japan can play a vital role in renewable energy’
FBCCI president says
23 July 2023, 12:18 PM
‘Coordinated efforts needed to diversify export market’
To diversify export destinations, Bangladesh needs to take up a comprehensive plan and coordinate efforts focusing on every country that bears potential, said Md Fazlul Hoque, former president of the Bangladesh Knitwear Manufacturers and Exporters Association.
22 July 2023, 18:00 PM
How new banks are faring after a decade
The government awarded licences to set up new nine banks in 2013 despite criticism from analysts and economists and initial reservations from the central bank since the number of lenders was already high in Bangladesh and approvals were largely given on political consideration.
20 July 2023, 01:00 AM
How much will Bangladesh benefit?
Bangladesh and India began settling cross-border trades in the Indian rupee (INR) last week, a development that has been hailed as a landmark for the growing bilateral commerce in general and for Bangladesh in particular.
18 July 2023, 01:00 AM
Yunnan province of China
One has to visit China to discover its incredible diversity and breathtaking beauty.
14 July 2023, 18:00 PM
Fu-Wang Foods’ stock prices soar 83% riding on old news
Fu-Wang Foods Limited stocks surged 83 per cent in the span of nine trading days despite repeated warnings from the company that it has no undisclosed information that could contribute to such a jump.
14 July 2023, 00:20 AM
A quarter of beneficiary owner accounts closed in two years
Around 6.56 lakh beneficiary owner (BO) accounts, which are needed to trade stocks, were closed over the last two years mainly due to a lacklustre condition of the primary and secondary markets of securities in the country.
12 July 2023, 00:45 AM
How foreign banks keep NPL in check while locals struggle
At a time when almost all of the local banks in Bangladesh are grappling with higher non-performing loans (NPLs), most foreign lenders have been able to keep the default rate in check.
11 July 2023, 00:25 AM
Which banks have lowest non-performing loans in Bangladesh?
13 have NPL below 3%, much lower than the sectoral ratio of 8%
10 July 2023, 15:33 PM
Bond trading in secondary market still negligible
The trading of treasury bonds in the stock exchange of Bangladesh has remained low although eight months have passed since their debut on the secondary market, owing largely to higher transaction costs and a lack of awareness among individual investors.
5 July 2023, 00:00 AM