Can Islami Bank raise Tk 20,000cr in this climate?
Ailing lender Islami Bank recently announced that it planned to raise a total of Tk 20,000 crore using two methods: Tk 10,000 crore would be realised by selling the stake that S Alam Group holds in the lender and the rest would be made up through the issuance of new shares.
21 November 2024, 18:00 PM
Investors suffer as SEC halts trading at deficit-hit brokerages
Aminur Rahman was excited after hearing that the company he had invested in had recently been upgraded to A-category. Anticipating price gains, he rushed to his brokerage house, only to be met with disappointing news: he was unable to trade.
21 November 2024, 18:00 PM
BSEC seeks info of 117 Beximco-linked BO accounts
The Bangladesh Securities and Exchange Commission (BSEC) has sought detailed information, including portfolio statements, of 117 beneficiary owner (BO) accounts with which the owners of Beximco Ltd are allegedly involved.
19 November 2024, 18:00 PM
Economic expectations: Did govt fall short?
When an interim government was sworn into office following the ouster of the Awami League regime just 100 days ago, there was an air of expectation that the Prof Muhammad Yunus-led administration would take steps to salvage a scam-ridden financial sector and rescue an ailing economy.
17 November 2024, 18:00 PM
Why stock market is going nowhere
Designated as a basket case after gaining independence in 1971, Bangladesh silenced even its harshest critics as it transformed into one of the world’s foremost development cases.
15 November 2024, 18:00 PM
Sukuk investors in trouble as Beximco’s rosy reports fade
Bad news for Beximco Sukuk investors: their gain from the Shariah-compliant bond-like instrument next month is set to drop to 9 percent -- below the 12.3 percent yield from five year-tenure treasury bonds and the 10.87 percent inflation rate in October.
9 November 2024, 18:00 PM
IFIC Bank issues notice to Shakib for Tk 4.13cr loan repayment
IFIC Bank has served a legal notice to Shakib Al Hasan Agro Farm Ltd, an entity owned by its namesake and the former captain of the Bangladesh national cricket team, after a cheque issued by the company bounced.
3 November 2024, 18:24 PM
AL policy favouring oligarchs dampened economy
The Awami League government favoured the super-rich who controlled capital and laundered the funds aboard, dampening the country’s economy.
2 November 2024, 18:00 PM
Hollow promises leave investors holding the bag
The share prices of Sea Pearl Beach Resort and Spa Limited soared from Tk 60 to Tk 320 on the Dhaka Stock Exchange (DSE) within just one year after frenzied speculation in 2023 that a foreign investor would buy a significant stake in the company.
2 November 2024, 18:00 PM
Panic sales send stocks to four-year low
Stocks in Bangladesh plummeted to a four-year low yesterday, just a day after the stock market regulator formed an inquiry committee to investigate the reasons behind the market’s sharp decline.
28 October 2024, 18:00 PM
Why stocks on a downward curve
The stock market index has been on a downward trajectory for the past two months, as a brief surge following the August political changeover quickly fizzled out.
23 October 2024, 18:00 PM
Investors don’t get clear picture as banks barely follow IFRS
Unlike other companies in Bangladesh, banks and non-bank financial institutions have not been fully adhering to the International Financial Reporting Standards (IFRS), so the real scenario of the financial sector is hidden from public view.
23 October 2024, 18:00 PM
Uttara Finance spends big despite anomalies
Alleged discrepancies in financial records and subsequent board restructuring and non-payment of dividends to investors over the past five years have done little to dissuade Uttara Finance and Investments from going for lavish expenditures this year.
14 October 2024, 18:00 PM
Foreign investors returning to stock market
After a long time, foreign investors are showing renewed interest in buying shares of listed companies in Bangladesh as they hope good governance will return to the local stock market following the recent political changeover.
13 October 2024, 18:00 PM
Economic output may expand 29% if more women employed: WB
Bangladesh could increase its output in the manufacturing, service and farming sectors by up to 29 percent simply by bringing more women into the workforce, according to the World Bank.
12 October 2024, 18:00 PM
Bangladesh still stays at bottom in business environment
The Washington-based multilateral lender’s Business Ready (B-Ready) report, which was released yesterday, also places Bangladesh in the fourth tier of five stages for public service delivery, indicating weaker performance in this area too
10 October 2024, 18:30 PM
Manipulators behind protests against BSEC
The Bangladesh Securities and Exchange Commission (BSEC) has alleged that manipulators were fuelling protests against the regulator to prevent it from taking a stand against corruption and reforming the stock market.
7 October 2024, 18:00 PM
Malaysia can help us enter chip industry
Bangladesh can join hands with Malaysia to develop a sector that caters to global semiconductor industries, which can play a vital role in increasing export earnings, said Shabbir A Khan, president of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI).
5 October 2024, 18:00 PM
Economy grew, but stocks left in the dust
Over the past 15 years, the country’s economy presented a number of marvels, including over 6 percent growth on an average per annum. But, its stock market showed a sharp contrast: sluggish, dry and in decline.
3 October 2024, 18:00 PM
Why most stock market policies backfired
The stock market regulator formulated a large number of policies, rules and regulations and passed orders in the last 15 years citing the best interests of investors.
2 October 2024, 18:00 PM