StanChart breaks record with Tk 1,655 crore profits
No bank in Bangladesh has ever made so much profit in a year
29 May 2023, 12:27 PM
Sustaining dev, curbing inequality major challenges
Sustaining the development that has taken place in Bangladesh in the past 14 years and curbing inequality are key major challenges facing the economy owing to the fallout of the coronavirus pandemic and the Russia-Ukraine war, said Planning Minister MA Mannan.
29 May 2023, 02:30 AM
Why insurance stocks surging in a dull market
Shares of most of the insurance companies rose almost every day in the last one month, becoming an outlier in a market that has been dull for several months due largely to persisting economic uncertainty at home and abroad.
26 May 2023, 02:00 AM
How DBH managed to keep its NPLs so low
While a number of banks and non-bank financial institutions (NBFIs) are struggling to rein in their non-performing loans (NPL), DBH Finance PLC has continued to maintain the lowest NPL to loan ratio in the industry for years.
24 May 2023, 02:30 AM
Industrial slump leads to GDP growth slide
Bangladesh’s gross domestic product is estimated to have grown at a slower pace in the current financial year with the biggest blow stemming from the industrial sector, official figures showed.
17 May 2023, 02:00 AM
Islamic banks post higher profit despite troubles
Most of the Shariah-compliant banks in Bangladesh clocked higher profits in 2022 despite a fall in deposits and the unprecedented fund withdrawal by customers and liquidity crunch.
15 May 2023, 02:00 AM
GDP growth slows to 6.03% in FY23
The economy is estimated to have expanded at a slower-than-expected pace in 2022-23, said the Bangladesh Bureau of Statistics (BBS) yesterday, a figure that analysts describe as good in view of elevated inflation, slowing exports and remittances and the ongoing pressure on the country’s foreign exchange reserves.
11 May 2023, 18:00 PM
Foreign banks’ forex income soars
The earnings of foreign banks operating in Bangladesh rocketed in 2022 buoyed by their incomes from the dealings of international currencies.
11 May 2023, 02:00 AM
Bad loans pile up at state banks, eating away profits
Four state-run commercial banks registered 29 per cent year-on-year spike in bad loans in 2022 as the central bank’s relaxed classification rules introduced in the wake of the Covid-19 outbreak ended and their inefficient lending persisted.
9 May 2023, 05:00 AM
Power companies’ profits fall amid dollar crisis
Profits of all power generation companies dropped in the July-March period of fiscal year 2022-23 and some of them even incurred huge losses mainly due to a huge depreciation of the value of the taka against the US dollar that ultimately increased their costs.
7 May 2023, 02:30 AM
Higher costs, volatile dollar hit drug makers’ profits
Most of the listed pharmaceutical companies in Bangladesh logged lower profits despite higher sales in July-March of the current financial year owing to a spike in the cost of production.
5 May 2023, 02:00 AM
Uttara Finance officials yet to face the music for Tk 5,100cr scam
Uttara Finance Ltd is yet to take any major steps against the officials allegedly involved in the Tk 5,100 crore scam unearthed by the Bangladesh Bank although four months have passed since the central bank directed it to bring the culprits to the book.
4 May 2023, 02:30 AM
Foreign funds in stocks on the wane
Foreign investments in the Dhaka Stock Exchange have maintained a downward trend since 2018 despite the regulator’s efforts to retain existing investors and attract new ones.
30 April 2023, 02:30 AM
A depressing Eid for stock investors, brokers
This year’s Eid-ul-Fitr has turned out to be yet another depressing festival for many stock investors as few could sell shares to meet the vacation’s shopping expenses amidst the presence of floor price.
21 April 2023, 02:30 AM
bKash returns to profit on higher finance income
Bangladesh’s largest mobile financial service company bKash returned to profit in 2022 on the back of higher net finance income, snapping a three-year losing streak.
19 April 2023, 02:30 AM
bKash to invest Tk 87 crore in 2023 to improve services
The MFS provider made a profit for the first time in four years
18 April 2023, 14:17 PM
How to de-stress Eid shopping amid price hike
When a major festival like Eid knocks on the door, the memory of going to markets or shopping malls to buy new clothes and footwear items, eating sweets and receiving gift money from elderlies comes to mind.
18 April 2023, 04:00 AM
Lessons learned from disruptions caused by Covid-19, war
The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the last report of a series and it focuses on the lessons for the businesses from the two unprecedented shocks.
18 April 2023, 02:30 AM
A perfect storm for SMEs
The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the fifth report of a series to present how various sectors fared in the face of the two unprecedented shocks.
16 April 2023, 03:00 AM
Colgate to build factory in Bangladesh
Colgate-Palmolive (Asia) Pte Ltd, one of the largest manufacturers and suppliers of personal care products worldwide, is going to build a factory in Bangladesh in partnership with local conglomerate ACI Ltd to cater to the fast-expanding consumer market.
14 April 2023, 02:00 AM