State-run oil companies see higher profits
While most listed companies struggled to raise profits in the first half of 2022-23 owing to higher petroleum prices, listed state-run oil companies in Bangladesh saw a staggering double-digit growth in earnings.
15 February 2023, 02:15 AM
Economic crisis sends 43 listed firms, mutual funds into losses
At least 43 listed companies and mutual funds fell to losses in July to December of the ongoing financial year after reporting profits in the identical half a year ago.
12 February 2023, 02:00 AM
70% listed firms incur profit drop, losses
Around 70 per cent of listed companies in Bangladesh either suffered losses or witnessed lower profit in the July to December period of the current financial year due to the surge in production costs, the sharp depreciation of the local currency and lower consumption.
9 February 2023, 02:00 AM
Good corporate governance crucial for banks
Says Meghna Bank MD and CEO Sohail RK Hussain
8 February 2023, 03:30 AM
Dual policy in a single stock market
By removing the floor price for nearly half of the companies listed in the country in December while retaining the regulatory measure for the rest, the Bangladesh Securities and Exchange Commission (BSEC) has effectively moved to a dual system.
7 February 2023, 02:00 AM
Let taka depreciate further: economists
As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can’t supply the adequate American greenback needed to finance imports.
2 February 2023, 02:00 AM
Shwapno posts 31% sales growth
Bangladesh’s largest retail chain Shwapno registered 31 per cent year-on-year growth in sales in the July to December period of 2022-23.
1 February 2023, 18:00 PM
Shwapno posts 31% sales growth
Bangladesh’s largest retail chain Shwapno registered 31 per cent year-on-year growth in sales in the July to December period of 2022-23.
1 February 2023, 11:30 AM
FMCG sales drop as inflation eats into consumption
In the face of a soaring cost of living, many low and middle-income people in Bangladesh have either ditched branded products or switched to smaller packs, causing consumer goods producers and marketers to record a slowdown in sales in 2022.
26 January 2023, 02:00 AM
Dollar shortage bites pharma industry
The pharmaceuticals industry, which has made life-saving drugs available at lower costs, is facing troubles in opening letters of credit (LCs) to import much-needed raw materials and capital machinery owing to the US dollar crunch.
24 January 2023, 02:00 AM
State banks’ core business in the red
Four state-run commercial banks (SCBs) in Bangladesh are struggling to generate revenue from their core business of lending due to voluminous non-performing loans and the lending rate ceiling.
22 January 2023, 02:00 AM
Why firms switching to ‘PLC’ suffix
Delta Brac Housing Finance Corporation, a listed non-bank financial institution in Bangladesh, recently announced that it has decided to change its name by adding PLC as a suffix.
20 January 2023, 03:00 AM
Speculative trading drives stocks
While most stocks in Bangladesh remain bearish, some surged in the first half of January fuelled by rumours.
17 January 2023, 02:30 AM
How Bangladesh’s stock market remains an outlier
Most of the global stock indices plunged last March when the war between Russia and Ukraine escalated but they took only two months before bouncing back despite the conflict-induced turmoil worldwide.
10 January 2023, 02:00 AM
One third of listed banks’ asset quality drops
One-third of the listed banks in Bangladesh, especially the shariah-based lenders, suffered a drop in profits in the last five years due to the deterioration in their asset quality, higher non-performing loans, and the impact of the coronavirus pandemic.
5 January 2023, 02:00 AM
When fences eat crops
In another financial felony in Bangladesh, UFS Asset Management has embezzled Tk 158 crore in investors’ funds, according to a probe of the stock market regulator.
3 January 2023, 02:30 AM
Stock market in 2022: Some good comes with the bad
Major indices of the stock market in Bangladesh mostly saw decline throughout the outgoing year while turnover also took a plunge amid the gloomy economic scenario.
30 December 2022, 03:00 AM
1.7 lakh BO accounts closed in 6 months for stocks gloom
The number of beneficiary owners (BO) accounts has decreased over the last six months in spite of the advent of 60 new stockbrokers in the stock market amidst expectations that the number of investors would increase.
26 December 2022, 03:30 AM
Rough ride for stock investors as uncertainty rules the roost
The biggest challenge the stock market faced in the outgoing year was floor price as the artificial mechanism made the whole market illiquid and shattered investors’ confidence amid the gloomy economic trends.
25 December 2022, 05:00 AM
Stock brokers in peril for low turnover
Brokerage houses are in dire straits meeting their operating costs as low turnovers are leaving a massive dent in their incomes.
21 December 2022, 02:30 AM