Paying same, taking home less
That high inflationary pressure has been taking a toll on people over the last couple of months is apparently evident in supermarkets, where the same amount of money is being spent albeit for the purchase of a lower number and volume of goods.
19 August 2022, 02:15 AM
BO accounts drop amid poor IPO return
The number of beneficiary owner’s (BO) accounts, which are needed to trade stocks, has fallen over the past seven months due to the thin profits earned from initial public offerings (IPO) and a continuous bear run in the market, analysts say.
17 August 2022, 03:15 AM
Individuals buying dollar as investment
As the Russia-Ukraine war broke out, Bangladesh witnessed a huge deficit in the balance of payments which was the main cause for a recent dollar crisis in the country where speculation fuelled the dearth, says AKM Ismail Haq, president of the Money Changers’ Association of Bangladesh.
16 August 2022, 03:15 AM
Agent banking accounts keep growing
Transactions through agent banking accounts rose 43 per cent year-on-year to Tk 5,64,844 crore in fiscal year 2021-22 as a growing number of people are now using the new banking window, showed Bangladesh Bank data.
14 August 2022, 03:15 AM
Huge bad loans force banks to keep higher provision
Most of the listed banks in Bangladesh had to keep higher provisions in the first half of 2022 owing to the bearish trend in the share market and the removal of the relaxed loan classification policy that sent bad loans higher.
11 August 2022, 02:15 AM
Padma Bridge opens door to opportunities
The dream of establishing road connectivity between the southwestern part of Bangladesh and the capital city came true after the opening of long-waited Padma Bridge in June.
8 August 2022, 02:15 AM
Fuel price hike: Economists question logic, timing
The government’s decision to impose an astronomic hike in fuel prices is irrational as it comes at a time when the general public is losing its purchasing power amid record inflation following the hardships brought on by Covid-19.
7 August 2022, 02:15 AM
Countries in trade with Russia without dollar
The emerging multi-polar world is now trying to reduce the use of the greenback in their trade after the US and EU imposed multilateral sanctions on Russia.
4 August 2022, 02:15 AM
Several NBFI boards to be restructured
The Bangladesh Securities and Exchange Commission (BSEC) is going to reorganise the boards of several non-bank financial institutions (NBFIs) this month in a bid to improve their financial health.
3 August 2022, 02:15 AM
Ailing stock market pulls down NBFIs’ profit
Most of the non-bank financial institutions in Bangladesh delivered lower profits in the first half of 2022 due to the shrinkage of income from the ailing stock market.
2 August 2022, 02:00 AM
Stock floor price won’t bring any good in long run
The stock market is being administered with a short-term cure, the floor price, to halt its bear run sacrificing long-term stability through the erosion of confidence among institutional and foreign investors.
1 August 2022, 03:45 AM
Weaker taka hits listed multinationals’ profits
Profits of most multinational companies listed in Bangladesh dropped in the first half of 2022 due to the depreciation of the local currency and higher consumer prices.
1 August 2022, 02:15 AM
Record $10b foreign aid used last fiscal year
Bangladesh’s use of foreign assistance reached a new record high of $10 billion in fiscal year 2021-22, primarily behind vaccinations, one-time budget support, economic recovery from the pandemic and implementation of mega projects.
28 July 2022, 02:30 AM
Junk stocks beat blue chips as rumours abound
Low-performing stocks have kept dominating over blue-chip and sound shares in an unpromising sign that the stock market in Bangladesh is driven more by speculation instead of the health and performance of companies.
24 July 2022, 02:00 AM
Monospool Paper directors’ share sale raises questions
Stocks of Bangladesh Monospool Paper Manufacturing Company have skyrocketed in the last one year just after it had been relisted from the over the counter (OTC) market to the main board, all throughout riding on rumours and speculations.
21 July 2022, 02:45 AM
Economic jitters felt by stock market
The jitters surrounding the state of the economy are reverberating on the stock market, with the key index dropping for the fifth day in a row.
19 July 2022, 02:00 AM
Luxury hotels recovering thanks to local guests
Luxury hotel businesses in Bangladesh are on the path of recovery to pre-pandemic levels, with local customers playing a vital role in renting rooms, holding a large number of events and seeking food made by their restaurants.
18 July 2022, 02:15 AM
SME stocks soar though giant firms struggle
Shares of small capital-based companies surged abnormally on the Dhaka Stock Exchange (DSE) in the past month whereas the benchmark index of the premier bourse of Bangladesh, as well as blue-chip securities, has been in a bearish mood.
15 July 2022, 02:15 AM
GP sees stocks fall while Robi enters bull run
Stocks of Grameenphone have been falling ever since the government banned the country’s top telecom company from selling new SIM cards at a time when shares of its main competitor, Robi Axiata, have entered a bull run.
5 July 2022, 04:30 AM
Firms unlikely to benefit from corporate tax cut
Most of the companies in Bangladesh may not qualify for the 2.5 percentage points cut in the corporate tax rate as proposed in the budget for the upcoming fiscal year owing to stringent conditions.
17 June 2022, 03:30 AM