IMF cuts Bangladesh's GDP growth forecasts to 6.4%
The International Monetary Fund has revised down its economic growth projection for Bangladesh to 6.4 percent for the current fiscal year largely because of Russia-Ukraine war and supply chain disruptions.
19 April 2022, 18:00 PM
Incentivise cashless transactions
Incentives are necessary to nudge people into using digital payment methods, such as cards and mobile financial services (MFS), so that Bangladesh can achieve its goal of becoming a cashless society.
11 April 2022, 18:00 PM
Commodity exchange need of the hour
A commodity exchange is needed for Bangladesh as it will ensure fair prices for both producers and consumers, said Asif Ibrahim, chairman of the Chittagong Stock Exchange (CSE), as it is set to appoint a consultant to establish the market.
10 April 2022, 18:00 PM
Bangladesh's first commodity exchange by this year
The Chittagong Stock Exchange (CSE) is planning to launch the country’s first commodities exchange, or futures market, this year, aiming to reduce the price difference of commodities between what consumers pay and what producers get.
10 April 2022, 18:00 PM
SME stocks soar in tepid market
At a time when the key index of the Dhaka Stock Exchange (DSE) is on the decline and turnover plummeting, the SME index has skyrocketed for an influx of investors lured by “risky” shares on speculations that they would rise further.
7 April 2022, 18:00 PM
Big foreign banks in Bangladesh see profits take a hit
Large foreign banks operating in Bangladesh took a hit in 2021 as their profits plunged due to the impacts of the coronavirus pandemic and the lower interest rate regime.
5 April 2022, 18:00 PM
bKash incurred loss of Tk 123 crore in 2021
Losses of bKash, a subsidiary of Brac Bank, widened by 83 per cent year-on-year in 2021, even though its revenue rose by 21 per cent, for incurring higher costs on training, investment and waivers on the charge to send money.
4 April 2022, 18:00 PM
MNCs on a roll
Among all the listed firms in Bangladesh, business of multinational companies (MNCs) has been growing steadily driven by efficiency, focus on quality and proper management of resources compared to their local counterparts.
27 March 2022, 18:00 PM
Tannery, textile profits were battered by Covid
Profits of the tannery and textile companies were affected the most amongst that of all listed companies for the Covid-19 pandemic as their main period for sales was hit.
24 March 2022, 18:00 PM
Engineering posts highest turnover
Turnover of the engineering sector in Bangladesh grew at the fastest pace from 2015 to 2020 among all the sectors, reflecting the largely agrarian economy’s transformation towards manufacturing.
23 March 2022, 18:00 PM
Pharma, food see sharpest profit growth
The pharmaceuticals sector in Bangladesh displayed the fastest growth in profit between 2015 and 2020 as more people, armed with rising purchasing power, afford more healthcare products.
22 March 2022, 18:00 PM
Why investors not upbeat about bank stocks anymore
Bank stock prices have been low for several years now despite providing handsome annual dividends and this begs the question, why are investors less enthusiastic about buying shares in what was once dubbed the most attractive sector?
17 March 2022, 18:00 PM
Anti-ulcer Drugs top Selling Medicine in Bangladesh at over Tk 4,200cr
Anti-ulcer drugs are the top-selling medicines in Bangladesh with sales clocking more than 12 per cent growth annually since 2015 driven by unhealthy food habits, use of excess oil and spices in food preparation and food adulteration.
12 March 2022, 18:00 PM
Bongaon Villa: a true agro-tourism centre
If you like the idea of putting together your own meal by picking vegetables from a field and catching fish from a nearby pond, then you would love to visit Bongaon Villa, an agro-tourism centre situated in Bhaluka of Mymensingh.
10 March 2022, 18:00 PM
New stock circuit breaker raises questions
Stock market analysts have questioned the market intervention of the Bangladesh Securities and Exchange Commission (BSEC) to stop the freefall of stocks as the decline is not unique to Bangladesh as markets are bleeding across the country due to tensions over the Russian-Ukraine war, runaway oil prices and surging inflation.
9 March 2022, 18:00 PM
Ten life insurers hold 85pc of the market
Ten insurance companies hold around 85 per cent of the life insurance market in Bangladesh thanks to their experience and record in settling claims fast.
6 March 2022, 18:00 PM
Pandemic battered insurance sector sees boosted digitalisation
Insurance companies in Bangladesh were adversely impacted by the ongoing coronavirus pandemic as physically reaching their clients became tougher amid the restrictions on public movement imposed to curb infection rates.
28 February 2022, 18:00 PM
Insurance claim settlement rate still low
The claim settlement rate of life and non-life insurance companies in Bangladesh still lags behind the world standard as well as that of neighbouring countries such as India and this is the main reason for low public confidence in the sector.
28 February 2022, 18:00 PM
Listed firms take too long to upload financials
Most listed companies in Bangladesh do not post their quarterly financial reports within 48 hours of securing approval from their boards as they take advantage of the lack of specific regulations in this regard, according to experts.
26 February 2022, 18:00 PM
Sonali Paper, too, makes more money from share business than core operation
Sonali Paper & Board Mills Ltd is yet another company that logged higher profits from equity investment compared to its core business in the first half of the current financial year.
22 February 2022, 18:00 PM