Govt raises savings rates to cool inflation, woo investors
The interim government has increased interest rates on various national savings certificates to upwards of 12 percent in an effort to make these instruments more attractive to savers and to cool inflation.
15 January 2025, 18:00 PM
BSEC halts Tk 5cr fundraising by Doer Services
The Bangladesh Securities and Exchange Commission (BSEC) has halted the subscription for a qualified investors offer (QIO) by homegrown software firm Doer Services Ltd to raise Tk 5 crore, following several media reports about the company’s problematic client agreements and profitability.
14 January 2025, 18:00 PM
Rising interest rates deter new investment, expansion plans
Rising rates are creating headwinds for at least 40 listed conglomerates
12 January 2025, 18:00 PM
Listed firms’ profit drops 24% amid economic slowdown, political turmoil
Listed companies across all sectors saw their profits fall by around 24 percent on an average year-on-year during the last January-September period, due mainly to an economic slowdown and widespread political turmoil, according to an unofficial estimate.
8 January 2025, 18:00 PM
As trade dries up, stock exchanges turn to FDRs for survival
The country’s two stock exchanges logged operating losses in the last fiscal year thanks to sluggish trading activities, according to official data, compelling the markets to resort to their fixed deposit income to avoid a net loss.
7 January 2025, 18:00 PM
The MGI story: From Tk 600 in his pocket to a Tk 36,000cr business empire
The company is exporting to more than 52 countries and employs over 50,000 people
5 January 2025, 18:00 PM
Resorts on Dhaka’s outskirts: An escape from the urban jungle
In one of your most distant childhood memories, you may recall hearing the high-pitched howl of a lone jackal way off in the distance while enjoying the evening from the comfort of your village home.
3 January 2025, 18:00 PM
Economy to see muted recovery in 2025
Will smaller rotis at roadside eateries return to their previous regular size next year? Will a Tk 500 note again fill up the shopping bag holding kitchen items? Or, will several lakh graduates, who have been poring over newspaper recruitment advertisements, finally get their jobs in 2025?
31 December 2024, 18:00 PM
Stock market lost steam in 2024
The year 2024 witnessed a lacklustre performance of the stock market as the benchmark index faced erosion, average daily turnover showcased no significant rise while no notable company entered the market.
30 December 2024, 18:00 PM
Sergel nearing Tk 1,000cr annual sales
Sergel is heading towards generating Tk 1,000 crore in annual sales as over Tk 900 crore worth of the gastrological medicine was sold in the first nine months of this year, according to information technology company IMS Health.
29 December 2024, 18:00 PM
Growth obsession deepened rich-poor divide
Income inequality in Bangladesh has seen a steep rise over the past 12 years till 2022, according to official data, as economists blame a singular focus on growth rather than sorting out income disparities.
25 December 2024, 18:00 PM
Has IMF experiment delivered?
Two years after Bangladesh turned to the International Monetary Fund (IMF) for a $4.7 billion bailout to address its worsening macroeconomic pressures, the nation stands at a crossroads.
21 December 2024, 18:35 PM
Drug sales growth slows amid high inflation
Sales growth of drugs slowed down in fiscal year 2023-24 ending last June, which could be an effect of high inflationary pressure prevailing in the country over the last two years.
21 December 2024, 18:00 PM
Penalty less than illegal gains fuels stock manipulation
While fines are intended to deter future offences, questions remain over their effectiveness if the amount is lower than the illegal gain.
21 December 2024, 18:00 PM
Election to boost business confidence: entrepreneurs
Business leaders, economists and professionals have emphasised that an elected government is essential for restoring confidence in the business community, stabilising law and order, and revitalising the business and investment climate.
16 December 2024, 18:00 PM
Why dividend delay a double whammy for investors
Motaher Hossain Masum was frustrated last September when Confidence Cement announced a mere 10 percent dividend for the last fiscal year despite making a handsome profit.
12 December 2024, 18:00 PM
Is Motijheel losing its glory as commercial hub?
Motijheel, once the pulsing heart of Dhaka’s trade and commerce, has become a shadow of its former self. Empty office floors now whisper tales of abandoned ambitions.
6 December 2024, 18:00 PM
Sonali to auction assets of Alltex Industries
Sonali Bank has decided to sell the assets of Alltex Industries through auction in a bid to recover unpaid loans of the listed textile producer.
5 December 2024, 18:00 PM
Wealth inequality way worse than income disparity
Bangladesh ranks among the countries with the highest income disparities globally, but there is another problem way worse than that: wealth inequality, which means a minuscule portion of the population owns a disproportionate amount of wealth compared to the majority.
2 December 2024, 18:00 PM
BB reverts to bank bailout despite inflation worries
The Bangladesh Bank (BB) has backtracked on its decision to refrain from injecting fresh funds into crisis-hit banks in its efforts to curb persistent inflation.
28 November 2024, 18:00 PM