Stocks shed 1,000 points in 3 months
The key index of the Dhaka Stock Exchange plunged by 1,000 points in a span of three months as investors keep selling their holdings, fearing further deterioration of economic indicators.
2d ago
Scope for investing in stocks has never been so narrow
Bangladesh’s stock market has never fallen into such a bad situation in terms of the narrowing of investment opportunities in the last 30 years, said Abu Ahmed, a stock market analyst.
3d ago
Consumption stays low for two straight years as inflation bites
According to a provisional estimate of the Bangladesh Bureau of Statistics (BBS), consumption of goods and services grew 3.53 percent in 2023-24, up from 2.52 percent in the last fiscal year.
6d ago
Industrial output growth lowest since pandemic. Here's why
Bangladesh's factory output grew 6.66 percent in the current fiscal year, the slowest pace of expansion since the Covid-19 pandemic hit the country, as the stubbornly high inflation hurt domestic demand and the shipment of export-oriented goods slowed.
1w ago
How GP makes more money than Robi
The profit margin of Grameenphone Ltd was around seven times more than that of Robi Axiata Ltd in 2023.
1w ago
Why are investors leaving the stock market?
Stock investors in Bangladesh are leaving the share market as they are losing their hard-earned money because of the persisting fall of the indices driven by the prolonged economic crisis, the worsening health of the banking industry, and rising interest and exchange rates.
1w ago
SS Steel sees profit shrivel as it expands footprint
SS Steel Ltd has registered higher turnover thanks to increased sales ever since the steelmaker started acquiring several companies in 2020, but its overall profit has dropped.
1w ago
Uncertain bets: bad stocks rule the roost
Investors who owned the issues of good companies that provided at least 50 percent dividend in their last financial year incurred losses in the first four months of 2024. On the other hand, people who bet on low-performing companies, which declared less than 15 percent dividends, saw their portfolio inflate.
2w ago
May 8, 2024
HSBC’s 2023 profit nearly Tk 1,000cr
The profit amounted to Tk 999 crore, soaring 70 percent year-on-year. It was Tk 587 crore in 2022.
April 30, 2024
Will BSEC ever learn from its missteps?
Analysts say the regulator’s intervention is denting investors’ confidence and it comes at a time when they are still smarting from the wounds caused by the 18-month-long floor price, a period when most of the stocks were untradeable.
April 28, 2024
A third of budget spent on interest payments, subsidies
The government spent Tk 246,583 crore in July-January of 2023-24 out of the total budget of Tk 761,785 crore for the entire fiscal year, figures from the finance ministry showed. The outlay under interest payments and subsidies was Tk 88,226 crore, which was 36 percent of the allocation.
April 26, 2024
Stocks lose lustre as investment tool
Since the floor price removal, the stocks have been bleeding owing to massive sell-offs by local and foreign investors as the economic uncertainty persists
April 21, 2024
Higher debt to put strain on Bangladesh as revenue remains low
In the last decade, the debt-to-GDP ratio rose by 13 percentage points. The IMF forecasts that the ratio will reach 43.5 percent in 2028-29.
April 18, 2024
Social safety net to get wider and better
A top official of the ministry said the government would increase the number of beneficiaries in two major schemes – the old age allowance and the allowance for widows, deserted, or destitute women.
April 8, 2024
StanChart saw record Tk 2,335cr profit in 2023
The British multinational bank logged profits of Tk 2,335 crore in 2023, up from Tk 1,655 crore in 2022, according to its financial reports.
April 7, 2024
Can merger be panacea for banking sector’s ills?
The merger guideline for banks and financial institutions is being hailed as a major step towards fixing the problem in the financial sector, which has been weighed down by massive default loans and weak corporate governance.
March 29, 2024
Dollar crunch dampens multinationals’ mood for eye-popping dividends
Last year, MNCs paid Tk 5,060 crore as dividends, representing 72 percent of the total earnings while in 2022, they gave out Tk 6,346 crore in dividends, which accounted for 95 percent of the profits.
March 28, 2024
Stocks sink to lowest level in 3 years as investors sell and go away
Bangladesh’s stock market has been going through a bear run for the last two months despite petering out of election-linked uncertainty, signaling that the worries about the macroeconomic challenges are far from over.
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