Dollar loan repayment gets costlier as taka slides
The finance costs have at least doubled for the firms that have taken on dollar-denominated loans from external sources owing to the depreciation of the Bangladeshi taka against the American greenback.
13 September 2022, 02:10 AM
Manipulation in stock market lives on despite surveillance
A common scenario in the domestic stock market is low performing stocks becoming the top gainers no matter how the market indices react.
11 September 2022, 02:50 AM
Powered by product variety
Setting prices that reach all segments of society alongside having a myriad of products gives extra mileage to Pran-RFL Group in continuing to expand their business in local and global markets.
10 September 2022, 18:00 PM
Refrigerators, freezers lead Walton sales
Walton Hi-tech Industries’ portfolio is diversified, ranging from home appliances to electric and electronic products, but the items that sell the most are its refrigerators and freezers.
9 September 2022, 03:10 AM
Some entities impede Bida’s OSS
The One Stop Service (OSS) of Bangladesh Investment Development Authority (Bida) is yet to meet expectations due to non-cooperation of some entities, said Md Sirazul Islam, whose tenure as its executive chairman ended last week.
8 September 2022, 03:00 AM
First Commodities Exchange: CSE in talks for smart warehousing, quality control
Chittagong Stock Exchange (CSE) is in discussions with SGS Group and Nippon Express Bangladesh to build a technological ecosystem for smart warehousing facilities and intelligent quality control systems for the country’s first commodities exchange, or futures market.
4 September 2022, 02:20 AM
Familytex manipulated prospectus
Familytex (BD), a listed textile company, lied in its initial public offering (IPO) prospectus by saying that one of its sponsors was a South Korean national in a bid to create a positive impression among general investors, according to a probe.
2 September 2022, 02:40 AM
Low performing stocks surge in bearish market
Investor Abu Sayeed was eagerly buying stocks of Orion Infusion sitting inside a brokerage house in Dhaka last Thursday. The share of the company had almost tripled in the past three months.
31 August 2022, 02:30 AM
Mutual funds fall on NBR’s tax move
The unit prices in the mutual fund sector have dropped over the past few weeks even though they disbursed handsome dividends in recent times as the National Board of Revenue (NBR) suggested deducting source tax from the cash dividend income.
25 August 2022, 02:45 AM
Ex-directors swindle Tk 300cr out of Prime Islami Life Ins
A number of directors of Prime Islami Life Insurance siphoned off more than Tk 300 crore funds by keeping the fixed deposits of the insurer as collateral to secure bank loans for another company, putting policyholders’ interests at risk, according to an audit.
25 August 2022, 02:15 AM
Profit declines for insurers
Most of the listed non-life insurance companies in Bangladesh posted lower profits in the first half of 2022 largely due to a decrease in premium incomes from their marine insurance segment as the country moved to curb imports.
23 August 2022, 02:15 AM
Stocks tax policy scares off long-term investors
The government’s tax measures contradict its plan to turn the stock market into a destination for long-term investments, something apparent in the pace with which individuals and institutions trade shares simply to make a quick buck.
21 August 2022, 02:45 AM
Paying same, taking home less
That high inflationary pressure has been taking a toll on people over the last couple of months is apparently evident in supermarkets, where the same amount of money is being spent albeit for the purchase of a lower number and volume of goods.
19 August 2022, 02:15 AM
BO accounts drop amid poor IPO return
The number of beneficiary owner’s (BO) accounts, which are needed to trade stocks, has fallen over the past seven months due to the thin profits earned from initial public offerings (IPO) and a continuous bear run in the market, analysts say.
17 August 2022, 03:15 AM
Individuals buying dollar as investment
As the Russia-Ukraine war broke out, Bangladesh witnessed a huge deficit in the balance of payments which was the main cause for a recent dollar crisis in the country where speculation fuelled the dearth, says AKM Ismail Haq, president of the Money Changers’ Association of Bangladesh.
16 August 2022, 03:15 AM
Agent banking accounts keep growing
Transactions through agent banking accounts rose 43 per cent year-on-year to Tk 5,64,844 crore in fiscal year 2021-22 as a growing number of people are now using the new banking window, showed Bangladesh Bank data.
14 August 2022, 03:15 AM
Huge bad loans force banks to keep higher provision
Most of the listed banks in Bangladesh had to keep higher provisions in the first half of 2022 owing to the bearish trend in the share market and the removal of the relaxed loan classification policy that sent bad loans higher.
11 August 2022, 02:15 AM
Padma Bridge opens door to opportunities
The dream of establishing road connectivity between the southwestern part of Bangladesh and the capital city came true after the opening of long-waited Padma Bridge in June.
8 August 2022, 02:15 AM
Fuel price hike: Economists question logic, timing
The government’s decision to impose an astronomic hike in fuel prices is irrational as it comes at a time when the general public is losing its purchasing power amid record inflation following the hardships brought on by Covid-19.
7 August 2022, 02:15 AM
Countries in trade with Russia without dollar
The emerging multi-polar world is now trying to reduce the use of the greenback in their trade after the US and EU imposed multilateral sanctions on Russia.
4 August 2022, 02:15 AM