Insurance prospect remains largely untapped
While almost all the economic indicators of Bangladesh are in a positive trend, insurance is failing to keep pace due to a lack of awareness among the masses and mistrust.
28 February 2021
Unilever Consumer Care profit slumps
Unilever Consumer Care, formerly known as GlaxoSmithKline (GSK) Bangladesh, posted a 46 per cent drop in profit last year due to the coronavirus pandemic.
28 February 2021
Midland Bank to go public to raise Tk 70cr from stock market
Midland Bank Ltd plans to go public to strengthen its capital base by raising Tk 70 crore from the stock market.
24 February 2021
3yrs Into Chinese Partnership: DSE yet to see notable tech advancement
Nearly three years have passed since welcoming a Chinese consortium as a strategic partner, but the Dhaka bourse is yet to secure any significant technology transfer from the Shenzhen and Shanghai stock exchanges.
23 February 2021
Listed companies sprint to pre-Covid profit level
Combined profit of the majority of the listed companies surpassed the pre-Covid level in October-December quarter, pointing to a fast rebound in business and economic activities.
18 February 2021
Lovello sets sights on untapped rural markets
The government’s efforts to ensure electricity at rural areas have opened the doors to a vast untapped market for the ice-cream and processed food sectors, said Md Ekramul Haque, managing director of Taufika Foods and Agro Industries.
13 February 2021
Administrator appointed to Delta Life Ins
The Insurance Development & Regulatory Authority (IDRA) yesterday appointed an administrator with immediate effect to one of the sector’s leading entities, Delta Life Insurance Company, explaining that it was to protect policyholders’ interests.
11 February 2021
Lafarge seeks arbitration to end gas price row with Jalalabad
LafargeHolcim Bangladesh said yesterday it decided to go to arbitration to settle a dispute with Jalalabad Gas Transmission and Distribution Systems after the state company charged higher than the agreed price for natural gas.
4 February 2021
Dhaka hotels bear the brunt of pandemic
Business for hotels in the capital was sluggish during the July-December period of 2020-21 as there were fewer events and programmes and a lower presence of guests.
1 February 2021
Most listed apparel makers log profit despite sluggish sales
Two-thirds listed apparel companies either made a higher profit or managed to stay in the black in July to December despite sluggish sales, reflecting the recovery for the most export-earning sector in Bangladesh.
31 January 2021
Pandemic leaves little impact on steel, cement makers
Leading steel, cement and paint companies related to the construction sector witnessed higher profits in the July-December period of the current financial year despite the ongoing coronavirus pandemic.
31 January 2021
BSEC offers exit plan for poor performers
The Bangladesh Securities and Exchange Commission (BSEC) recently issued a directive offering companies not performing well an exit plan that would help protect small investors in case of delisting.
30 January 2021
Major drug makers pull in bigger profits
Bangladesh’s leading listed pharmaceutical companies have bagged higher profits in the first half of the current financial year which began in July 2020, a result of people starting to see doctors again.
30 January 2021
Fuel, power companies lose profitability
Most fuel and power stocks registered lower profitability in the first half of the current financial year (FY) due to the pandemic-induced economic slowdown.
28 January 2021
Olympic Industries sees fall in profitability
Profitability of Olympic Industries, the country’s leading biscuit maker, dropped in the first half of the current fiscal year due to increased price of raw materials, leading to a fall in the company’s share price.
27 January 2021
Stocks ride on increased liquidity
Although Bangladesh’s stock market is not connected with global markets and does not follow the usual global trends, nowadays it has been different.
23 January 2021
Bourses see extensive profit booking
Bourses witnessed widespread profit-booking last week when the insurance stocks rose the most thanks to a regulatory move on minimum shareholding compliance.
23 January 2021
BSRM Steel Mills to merge with parent company
BSRM Steel Mills Ltd is set to merge with its parent company BSRM Ltd, a move that will help the country’s leading rod producer cut costs and boost profit.
21 January 2021
Beximco to buy majority stake in Sanofi Bangladesh
Beximco Pharmaceuticals is set to acquire 54.6 per cent stake in Sanofi Bangladesh for about Tk 400 crore, as it looks to expand its product base and diversify into new areas.
21 January 2021
Kattali Textile didn’t cooperate during audit
Kattali Textile did not cooperate with the auditors while they were looking into the company’s financial reports for the year that ended on June 30, 2020.
20 January 2021