Moody’s ratings don’t reflect political, economic changes: BB

The recent downgrade of Bangladesh ratings by Moody’s does not appropriately reflect the positive changes in political and economic areas following the mass uprising that ousted the Awami League-led government and led to the installation of an interim government, the Bangladesh Bank (BB) said.
21 November 2024, 18:00 PM

Investors suffer as SEC halts trading at deficit-hit brokerages

Aminur Rahman was excited after hearing that the company he had invested in had recently been upgraded to A-category. Anticipating price gains, he rushed to his brokerage house, only to be met with disappointing news: he was unable to trade.
21 November 2024, 18:00 PM

Sri Lanka’s president makes U-turn on IMF bailout

Sri Lanka’s new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.
21 November 2024, 18:00 PM

Gold gains for fourth day

Gold prices rose for a fourth straight session on Thursday, driven by safe-haven demand amid escalating tensions between Ukraine and Russia, while investors awaited remarks from US Federal Reserve policymakers for clues on the interest rate outlook.
21 November 2024, 18:00 PM

Transforming capital market: A call for decisive action

Despite over a decade of investing in Bangladesh’s stock market, I have suffered a 40 percent loss even with a strategy focused on blue-chip shares since 2012. This experience highlights the structural issues plaguing our capital market -- low liquidity, lack of depth, and eroding investor confidence. Addressing these challenges requires bold, immediate measures grounded in global best practices tailored to local realities.
21 November 2024, 18:00 PM

Fruit pulp juice will also get export incentive

The interim government of Bangladesh has included juice and drinks made from locally sourced fruit pulp to a list of agricultural goods and processed agro-products eligible for a 20 percent cash incentive on their export. 
21 November 2024, 18:00 PM

How regulatory hurdles keep internet price high and speed low

The Bangladesh Telecommunication Regulatory Commission (BTRC) has implemented a number of policies over the past 16 years that, according to internet service providers and users, have made Bangladesh pay higher prices for slower internet speeds compared to its neighbours.
21 November 2024, 18:00 PM

Can Islami Bank raise Tk 20,000cr in this climate?

Ailing lender Islami Bank recently announced that it planned to raise a total of Tk 20,000 crore using two methods: Tk 10,000 crore would be realised by selling the stake that S Alam Group holds in the lender and the rest would be made up through the issuance of new shares.
21 November 2024, 18:00 PM

Ctg port operations speed up as congestion eases

Container ships are being able to berth and load and unload cargo faster upon arrival at the Chattogram port nowadays, thanks to the gradual easing of an acute congestion that had been created in July and August.
21 November 2024, 18:00 PM

Govt to import another 50,000 tonnes of rice from India

The interim government will import another 50,000 tonnes of rice from India to increase the country’s food stocks..Finance Adviser Salehuddin Ahmed approved a proposal in this regard at a meeting of a government advisory committee on purchase at Bangladesh Secretariat yesterday..The
21 November 2024, 16:10 PM

Goods transport by lighter vessels: HC stays new policy for 6 months

The HC bench of Justice Fatema Najib and Justice Sikder Mahmudur Razi issued the order on Tuesday after hearing a writ petition filed by 11 lighter vessel-owning firms.
21 November 2024, 08:01 AM

Stocks slip in early trading 

Of the traded shares, 129 advanced, 154 declined, and 87 remained unchanged. 
21 November 2024, 05:16 AM

Monno Ceramic’s profit plunges 89% in Q1

Monno Ceramic Industries Ltd, one of the leading ceramic tableware manufacturers of the country, saw its profit drop significantly year-on-year in the first quarter of the current fiscal year.
20 November 2024, 22:10 PM

Doreen Power posts 17% drop in profit

Doreen Power Generations and Systems has witnessed a year-on-year drop in its profit in the first quarter of the current fiscal year, reasoning that its power plants had been shut down and costs had soared.
20 November 2024, 21:04 PM

277 firms allowed to import 14.81 lakh tonnes of rice

The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do
20 November 2024, 18:14 PM

Stocks rise marginally after 3-day fall

Major indexes of the stock markets in Bangladesh rose marginally yesterday, snapping a three-day losing streak, as investors cautiously traded shares amidst intense political and economic uncertainties..Recent news over the downgrading of the country’s sovereign rating by Moody’s and the b
20 November 2024, 18:13 PM

Limit raised for forex endorsement by money changers

Bangladesh Bank (BB) has doubled the limit for the endorsement of foreign currencies at money exchange houses for travels abroad.
20 November 2024, 18:00 PM

Govt to lend Tk 60cr to Beximco to clear wages

The government will lend Tk 60 crore to Beximco from the national budget in a bid to help the troubled conglomerate clear wages for the month of October.
20 November 2024, 18:00 PM

Social Islami Bank has no ‘untraceable’ loans

Social Islami Bank PLC stands out among crisis-hit banks with no “untraceable” loans, a factor that will catalyse its swift recovery, according to M Sadiqul Islam, the new chairman of the Shariah-based lender.
20 November 2024, 18:00 PM

How some non-banks tamed bad loans

When most non-bank financial institutions (NBFIs) in Bangladesh are in hot water with high ratios of non-performing loan (NPL), a handful have been successfully able to keep the rate low.
20 November 2024, 18:00 PM