Padma Oil joins hands with Energypac to widen LPG distribution
The Padma Oil Company, a statutory organisation under the power, energy and mineral resources ministry, has stepped forward to make liquid petroleum gas (LPG) more available as a primary fuel source for vehicles in Bangladesh.
2 September 2020
Pandemic adds to the woes of HeidelbergCement
HeidelbergCement Bangladesh, the German cement maker, has been incurring losses since the second quarter of 2019 due to fierce competition in the market, higher prices of clinker, the imposition of advance income tax and higher interest cost.
31 August 2020
Higher investment in treasury bills saves the day for Rupali Bank
Despite a significant drop in interest income, Rupali Bank’s profits jumped last year as higher investment in treasury bills and bonds saved the day.
27 August 2020
Once a high-flyer, Appollo Ispat is now standing on cliff’s edge
Rani Marka Dheutin (corrugated iron sheets) once ruled the roost in rural Bangladesh.
26 August 2020
Junk stocks outshining the rest of late. And possibly for good reason
It seems the junk stock are walking all over the market in the last few days: the index was going whichever direction they were heading.
25 August 2020
Only one insurer goes public since finance minister’s warning last year
Only one out of the 28 non-listed insurance companies offloaded shares even though Finance Minister AHM Mustafa Kamal in September last year warned that their licences will be cancelled if they fail to go public within three months.
24 August 2020
Pharma stocks flying amid pandemic
Stock prices of listed drug makers rose more than the benchmark index of the Dhaka bourse during the last three months thanks to optimism about higher profits of the companies during the pandemic.
23 August 2020
Rupali’s secondary offering plan back on track
The plan to offload an additional 15.2 per cent shares of state-run Rupali Bank has been revived after a delay caused by the coronavirus pandemic and the lender’s preoccupation in disbursing stimulus packages.
22 August 2020
Brokers can soon buy more stocks without keeping security
The Dhaka Stock Exchange is coming to the rescue of stockbrokers as the premier bourse is set to increase their share buying capacity without the need to keep security deposits.
22 August 2020
Investors suffer for slow DSE website
Investors suffered yesterday as they were unable to access information on time as the website of the Dhaka Stock Exchange (DSE) was slow to load.
19 August 2020
BSEC orders firms to report on lending to sister concerns
The stock market regulator has asked all listed companies to inform it whether they are lending to their associated and sister companies at the expense of general investors, in another bold step from the new top brass.
18 August 2020
Banks dive into Treasury bills, bonds as interest income falls
Listed banks increased their investment in government and corporate bonds, securities and stocks in the second quarter of 2020 to offset the loss in interest income caused by the ceiling on lending rates.
17 August 2020
AB Bank puts Aman Feed’s factory and land on sale for failure to pay loans
AB Bank has put the factory of Aman Feed and its collateral on sale for its failure to pay Tk 268.40 crore in loans and interest within the sanctioned timeframe of July.
15 August 2020
ACI Motors lands Tk 126cr in foreign investment
ACI Motors is set to secure an equity-based foreign investment of Tk 126 crore from two companies as it landed its first foreign investment.
15 August 2020
Bourse revving up to fire on all cylinders
The stock market has started to bounce back despite the ongoing pandemic thanks mainly to investors’ growing confidence in the new leadership at the Bangladesh Securities and Exchange Commission (BSEC) as they took some measures to restore discipline.
12 August 2020
State firms call for guidelines on how to set the value for share money deposit
Listed firms have called upon the regulators to introduce guidelines on how to set the share value that the companies have to issue against share money deposit.
11 August 2020
Pragati Insurance’s financial reports fall foul of watchdog rules
Anomalies in preparing financial reports of listed companies are not rare in Bangladesh and the authorities have tracked down yet another case.
9 August 2020
BSEC has a grand plan to crack down on junk stocks
The new governing body of the stock market regulator, it seems, is earnest in its efforts to straighten out the bourse that has long been a playground for rogue players.
8 August 2020
Interest rate cap, pandemic battered City’s fortunes in 2020
City Bank’s profit tumbled 42 per cent in the first half of 2020 due to the new interest rate regime and disruption in business caused by the pandemic.
6 August 2020
Runner Auto bringing KTM motorcycles to Bangladesh
The famed off-road motorcycles of KTM would soon be available in Bangladesh thanks to Runner Automobiles, which yesterday announced an agreement with Bajaj Auto that part-owns the Austrian bike brand to become its authorised distributor.
6 August 2020