Luxury hotels log higher revenue: half of it comes from food, beverage
Food and beverages are major sources of revenue for most of the luxury hotels in Bangladesh compared to their earnings from renting out rooms
20 December 2023, 00:00 AM
Investors of junk stocks found value among the ruins
Stocks of Khan Brothers PP Woven Bag Industries soared 10-fold over the past year even though the company has been drowning in losses
18 December 2023, 00:00 AM
IMF injected cash into Bangladesh, Sri Lanka. Are the two economies diverging?
Bangladesh and Sri Lanka have received loan payouts from IMF, strengthening their buffers against risks to foreign exchange reserves
14 December 2023, 00:10 AM
A $12 billion question hangs over export data mismatch
In 2022-23, the mismatch between the actual realisation reported by BB and EPB shipment figure was $12.08 billion, the highest in at least eight years
12 December 2023, 00:30 AM
Stocks moribund for far too long. Price curbs are to blame
alongside floorprice, deterioration of macroeconomic indicators fuelled by higher inflation, dwindling foreign exchange reserves, the sharp depreciation of the local currency, and political uncertainty is also responsible
10 December 2023, 00:00 AM
Foreign investment in stock markets halves
Investment dropped 20.8 percent year-on-year to $2.33 billion in FY 2022-23, it was $4.5 billion in 2018-19
4 December 2023, 00:10 AM
Food welfare expands as election looms
Data from the food ministry showed that 12.92 lakh tonnes of rice and wheat were distributed under various schemes
3 December 2023, 00:30 AM
Most NBFIs incurred losses in July-September
Of the 23 listed NBFIs in Bangladesh, 17 published their financial reports
24 November 2023, 00:00 AM
Aamar Bond not IFIC’s
A real estate company has issued bonds by offering eye-popping returns to raise funds for a gigantic housing project in Gazipur, a normal development on the surface.
22 November 2023, 18:00 PM
Listed textile, apparel makers struggle despite taka's fall
Listed apparel companies in Bangladesh struggled to capitalise on the massive devaluation of the local currency against the US dollar in fiscal year (FY) 2022-23 due to a hike in gas and electricity prices, and fuel and raw material costs.
19 November 2023, 00:02 AM
DSE blocks two firms' transfer to SME platform
The Dhaka Stock Exchange (DSE) has rejected the application of two companies – Al-Amin Chemical Industries and Rangamati Food Products – for transferring their shares from the over-the-counter (OTC) market to its SME platform.
16 November 2023, 18:30 PM
Revenue collection growth slows
Government revenue collection in the July-October period, the first four months of the current fiscal year of 2023-24, slowed to 12.68 percent despite higher income tax growth.
16 November 2023, 18:00 PM
State banks’ Tk 1,600cr stuck in ailing NBFIs
Deposits of Tk 1,600 crore of four state-run commercial banks —Sonali, Rupali, Agrani, and Janata — have been stuck in several weak non-bank financial institutions (NBFIs) as the latter have repeatedly failed to repay despite maturity owing to a persisting liquidity crisis.
15 November 2023, 00:00 AM
Bangladesh remains vulnerable to BoP crisis: Moody’s
Bangladesh’s balance of payments (BoP) faces moderate risk among four South Asian countries owing to a drastic fall in foreign currency reserves, according to global credit ratings agency Moody's Investors Service.
10 November 2023, 01:00 AM
Unrest bearing on fragile economy
The political unrest and the garment workers’ agitation in the apparel sector have started to take a toll on the economy that is already grappling with elevated inflation, a depleting dollar stockpile, slowing exports and decelerating private sector activities.
6 November 2023, 18:00 PM
Private sector foreign loan on the decline
Short-term foreign debts in the private sector have declined every month since January as repayments outpaced fresh loans, contributing to the depletion of foreign currency reserves of Bangladesh, official figures showed
5 November 2023, 01:04 AM
Economic misery to deepen amid political crisis
Most of the macroeconomic indicators of Bangladesh have been in bad shape for the last several months owing to external and internal factors, intensifying people’s suffering as consumer prices surged to record levels.
28 October 2023, 18:00 PM
CSE hopes to set up commodity exchange within six months
The Chittagong Stock Exchange (CSE) hopes to launch Bangladesh’s first commodity exchange within six months after the relevant rules were gazetted and published today.
27 October 2023, 01:36 AM
CSE hopes to set up commodity exchange within six months
The Chittagong Stock Exchange (CSE) hopes to launch Bangladesh’s first commodity exchange within six months after the relevant rules were gazetted and published yesterday.
26 October 2023, 18:00 PM
Krishi Bank incurring losses for 30 years
Bangladesh Krishi Bank (BKB) has been incurring losses for at least 30 years due mainly to structural weaknesses as the state-run lender has to lend at lower interest rates, pay more for deposits and is sitting on higher non-performing loans.
26 October 2023, 01:00 AM