Some technical glitch with the trading software disrupted stock trading at the Dhaka Stock Exchange (DSE) today.

Bangladesh is rich in human resources. In addition to supporting its domestic production in sectors such as readymade garments, manufacturing and agriculture, it supports many overseas industrial activities.

The ongoing liquidity stress has become a major concern for Bangladesh’s banking sector as people hardly park funds with lenders due to higher consumer prices, which have turned the return on deposits negative, said a top banker. 

Growth of Bangladesh’s factory output had slowed down last fiscal year of 2021-22, which analysts forecast was likely to prevail in the current fiscal year and could even be exacerbated by soaring prices, the global economic slowdown and ongoing gas and electricity crisis. 

The claim settlement ratio of life insurance companies in Bangladesh plunged to its lowest level at least in a decade in 2021 as their capacity to pay out has been reduced by bad investment, excessive costs and business slowdown caused by the coronavirus pandemic. 

Stocks in Bangladesh resumed a downward trend yesterday following a one-day break from a five-day losing streak while turnover of the Dhaka Stock Exchange (DSE) plunged to a two-and-a-half month low.

Matin Spinning Mills Ltd’s profit surged 70 per cent year-on-year to Tk 105.19 crore in the financial year that ended on June 30.  

Western Marine Shipyard Limited suffered losses in the October-December quarter of 2021. 

Banks in Bangladesh yesterday refixed the rates at which they would buy US dollars from exporters and foreign exchange houses that mobilise remittances from migrant workers. 

Ha-Meem Group, a leading textile producer and garment exporter, has been unable to run production in its mills and factories at night over the last one and a half months because of a crisis of gas. 

Cost and management accountants are not only employed in traditional accounting and finance positions but their expertise is utilised in diversified areas like supply chain management, project management, human resources, admin and finance, said experts at a view exchange programme.

Industrial services such as gas, power and water are being provided on a priority basis for investors operating in all economic zones across the country, according to Shaikh Yusuf Harun, executive chairman of the Bangladesh Economic Zones Authority (Beza).

Anwarul Islam, director of the department of offsite supervision at Bangladesh Bank, was promoted to the post of executive director of the central bank yesterday.

Metal (Pvt) Ltd, an agri-mechanisation business organisation in the country, recently signed an agreement with PwC Bangladesh, a consulting firm.

Prime Bank Ltd has decided to issue an unsecured, non-convertible and redeemable subordinated bond of Tk 600 crore for seven years to enhance its capital base. 

Union Bank and Karnaphuli Gas Distribution Company Ltd signed an agreement that will enable clients to pay the Karnaphuli Gas bill through all of the bank’s branches, sub-branches and its iBanking platform.

Queen South Textile Mills Limited’s profit rose 31 per cent year-on-year to Tk 23.61 crore in the last financial year of 2021-22.   

Bangladesh should ratify the Hong Kong Convention, as the declaration will help the south Asian country become the leader in the ship recycling industry, Norwegian Ambassador Espen Rikter-Svendsen said yesterday.

Some 1 lakh tonnes of sugar will be imported soon, Bangladesh Bank said today.

Banks in Bangladesh today refixed the rates at which they would buy US dollars from exporters and foreign exchange houses that mobilise remittances from migrant workers.