ICB could lose Tk 438cr for unusual investment decisions
Unusual investment decisions made by the state-run Investment Corporation of Bangladesh (ICB) could inflict a loss of Tk 438 crore on taxpayers as the funds have either turned into default loans or remained largely unrealised, according to an audit report.
11 December 2022, 02:00 AM
Investors staying away from banking stocks
Once one of the most sought-after securities, banking stocks in Bangladesh are now struggling as investors have stayed away from them for the last couple of months due to a lack of trust in their financial reports,
1 December 2022, 03:30 AM
Blue-chip stocks struggle to find buyers amid uncertainty
Most of the blue-chip stocks such as British American Tobacco, Grameenphone, Renata, and Singer Bangladesh are failing to attract investors even though they are up for grabs at floor prices as investors fear that the market will fall if the floor price is lifted given the current gloomy economic scenario.
30 November 2022, 03:00 AM
National Bank sinks to losses
National Bank Ltd (NBL) that raked in Tk 550 crore in annual profit a few years ago incurred unprecedented losses of Tk 357 crore in January-September of 2022 due to lower interest incomes and higher non-performing loans.
27 November 2022, 03:00 AM
Firms’ falling profits testify to slowing business, economy
Businesses in Bangladesh went through a tough time in recent months due to a dearer US dollar that pushed up their costs of raw materials and a rocketing fuel bill that contributed to the surge in operating expenses.
20 November 2022, 02:10 AM
State-run fuel, power companies make higher profits
Most state-run listed power and energy companies secured higher profits year-on-year during the July to September period while ripple effects of the Russia-Ukraine war, including skyrocketing energy prices, had been turning lives of the masses topsy-turvy.
16 November 2022, 02:20 AM
Sinobangla stocks soar 54pc on rumours
Sinobangla Industries had not secured exorbitant profits that could have supported a high jump in its share price.
14 November 2022, 02:20 AM
Profit falls for most listed pharmas
Most of the drug makers in Bangladesh posted lower profits in the January to June period of 2022 owing to the higher cost of raw materials driven by a continuous fall of the local currency against the US dollar.
11 November 2022, 02:10 AM
Stocks manipulation
The involvement of listed and non-listed companies in the manipulation of stocks is growing, an ominous sign for a market already facing a confidence crisis.
10 November 2022, 02:10 AM
Reduce fund wastage, phase out subsidy in energy sector
The government should stop fund wastage in the energy sector and eventually phase out subsidies, which have created pressure on the public coffer, according to economists and entrepreneurs.
2 November 2022, 02:40 AM
Banks meet 99.6pc as firms shy from stock market
Though Bangladesh has made stellar progress in many economic indicators in the past one decade, entrepreneurs, industrialists and the entire business sector still rely on the banking sector for financing.
1 November 2022, 03:00 AM
DSE initiates exit process for 29 listed companies
The exit process for 29 low-performing companies whose shares are traded on the over-the-counter market of the Dhaka Stock Exchange (DSE) has begun.
27 October 2022, 02:20 AM
IDRA spots nine problems in non-life insurance
The Insurance Development and Regulatory Authority (IDRA), the sole regulatory body for insurance companies in Bangladesh, has identified nine issues that are impeding growth in the country’s non-life insurance sector.
26 October 2022, 02:40 AM
Insurance firms spend beyond regulatory limits
Over half of the life insurance companies in Bangladesh exceeded their allowable management expense in 2021, putting a negative impact on life funds and eroding their capacity to settle claims.
25 October 2022, 02:40 AM
Insurance claim settlement plunges
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.
24 October 2022, 02:10 AM
Life insurance penetration halves in a decade
Anwar Hossen, who holds an MBA, works for a private firm and draws a monthly salary of more than Tk 60,000. But he has not purchased any life insurance policy although private sector employees in Bangladesh are not entitled to any pension support and his four-member family will be in trouble if he faces any untimely death.
23 October 2022, 02:10 AM
IFC wants to issue $4b bond in local market
International Finance Corporation (IFC) wants to issue taka denominated bonds worth $4 billion, either through public issuance or private placement, among local investors to lend the proceeds to projects in Bangladesh.
19 October 2022, 02:20 AM
BSEC finds manipulation in Provati Ins share trading
The Bangladesh Securities and Exchange Commission (BSEC) has found that three investors and their associates made gains of around Tk 12 crore by manipulating stocks of Provati Insurance in 2020.
13 October 2022, 02:20 AM
Growing economic tension batters stocks
Stocks in Bangladesh suffered a steep fall yesterday as worries about a slowdown in the economy deepened among investors amid continued stress in the forex market, the decline in export and remittance, higher inflation, and the escalating war in Ukraine.
11 October 2022, 02:10 AM
Govt securities to trade in bourses from Monday
Trading of government securities is going to start on the stock exchanges from Monday in a bid to make general investors accustomed to dealing with these treasury bonds and bills.
7 October 2022, 02:20 AM