BB finally orders banks to suspend dividends to prime the pump
In an undaunted move, the central bank yesterday instructed banks to not give any cash dividend to both sponsors and investors until September to boost their capacity to absorb the strain on their capital base from the ongoing economic dire straits.
11 May 2020, 18:00 PM
Potential Covid-19 Drug: 6 local pharmas set to produce remdesivir
Six local drug makers are set to produce the experimental antiviral drug remdesivir, which has shown promise in fighting the new coronavirus, from this month.
6 May 2020, 18:00 PM
IPDC proved to be a maverick NBFI in 2019
IPDC, the country’s first private sector non-banking financial institution, swam against the tide in 2019.
2 May 2020, 18:00 PM
Stock brokers cry out for support
Abdul Mannan, a stock investor who maintains two beneficiary owner’s accounts, has been incurring losses on all counts for the last six months as the stock indices were plumbing new depths every day amid a fund crisis and a confidence deficit in the market.
29 April 2020, 18:00 PM
IDLC profits pounded by topsy-turvy financial markets
IDLC Finance, a listed non-bank financial institution, took another hit to its profit last year thanks to the bearish stock market and volatile money market.
29 April 2020, 18:00 PM
DBH’s profit streak held back for lower flat sales
Delta Brac Housing Finance Corporation, or DBH, one of the leading listed non-bank financial institutions, logged in higher profits last year though its interest income dropped.
28 April 2020, 18:00 PM
GSK Bangladesh had a stunning turnaround in 2019
GSK Bangladesh’s profits surged in 2019 even though the British multinational saw a decline in turnover thanks to the relief from incurring losses from its pharma unit.
27 April 2020, 18:00 PM
Large business groups show up at customers’ doorsteps
Big business groups have turned to e-commerce and home delivery to head off a collapse in sales amid the countrywide movement control order.
26 April 2020, 18:00 PM
Grameenphone can’t stop raking in profits
Grameenphone’s net profits soared 25.8 per cent year-on-year to Tk 1,070 crore in the first quarter of the year driven by data revenue and cost-efficient programmes despite operating an increasingly challenging environment.
22 April 2020, 18:00 PM
Ice cream industry melting on a rumour
Hardly anyone turns up at the National Parliament House these days to get some fresh in the evenings.
21 April 2020, 18:00 PM
Companies move shareholder meetings online amid shutdown
In a first for Bangladesh, listed companies are using virtual platforms to hold annual general meetings as part of their business continuity plans while avoiding mass gatherings and maintain social distancing in the face of coronavirus outbreak in the country.
21 April 2020, 18:00 PM
FMCGs playing their part in flattening the curve
In the fight against coronavirus, two important facets have come out to help protect against the highly contagious, lethal pathogen: hand hygiene and the hygiene of frequently touched surfaces.
19 April 2020, 18:00 PM
Stock brokers against regulator’s right in issuing new licences
The stock market regulator has no right to set the criteria for issuing new stock brokerage licences; rather, the bourses can exert their authority to do so as per the demutualisation rules, stock brokers said.
12 April 2020, 18:00 PM
This April was a bitter pill to swallow for sweet makers
At the turn of the year, sweet makers were impatient for the month of April to arrive.
12 April 2020, 18:00 PM
‘Where will the money come from?’
Since April 1, Farhana Nazira is having trouble sleeping.
11 April 2020, 18:00 PM
‘What will I do with so many pails of milk?’
With a heavy heart, dairy farmer Mohammad Rajib on Sunday emptied the pails of milk he got from his 14 cows into a manure pit.
7 April 2020, 18:00 PM
Local pharmaceuticals producing anti-flu drug that holds hope of Covid-19 cure
Local pharmaceuticals have produced a drug called Favipiravir -- an anti-flu and viral infection medication -- said to be effective in the treatment of coronavirus patients in China.
4 April 2020, 18:00 PM
Stocks display worst-ever showing in first quarter
Stocks delivered their worst first quarter of a year as nervous investors went for massive selloffs, initially prompted by anti-market measures and then by the fast-spreading coronavirus, which dealt a heavy blow to the economy and businesses at home and abroad.
2 April 2020, 18:00 PM
More brokerage house licences on the way
The stock market regulator is set to award new licences for brokerage houses to any firms, including foreign ones, in order to attract more investors to the market.
1 April 2020, 18:00 PM
Should banks suspend dividends in preparation for stormy days ahead?
The European Central Bank (ECB) has asked banks in the eurozone to not pay any dividend in order to boost their capacity to absorb losses that will invariably take place for the global coronavirus pandemic that has brought the world down on its knees.
1 April 2020, 18:00 PM