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.
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.
Bangladesh is already one of the top 10 markets for Bata Shoe but its Chief Executive Officer Sandeep Kataria thinks the country offers further growth opportunities for the multinational company.
Initially, it is the general stock investors who might be at the receiving end of the process while the loan defaulters, whose misdeeds are largely responsible for Padma Bank’s current misfortunes, might come out victorious.
Since the interest rates may rise further, the companies are taking steps to quickly pay back loans using funds from alternative sources, according to business leaders.
The profitability of the banking sector in Bangladesh is the lowest in South Asia due to the prevalence of higher non-performing loans, lower efficiency, and an elevated level of costs of funds.
Experts and industry people blame higher inflationary pressure confronting a larger section of the population, especially low-income households, since May 2022, for the slower growth since their purchasing power has eroded significantly.
Bangladesh is turning into a manufacturing hub for consumer electronics thanks to its affordable wage structure, expertise in information technology and light engineering industries, according to Singer Bangladesh.
Bangladesh’s largest drug producer, Square Pharmaceuticals, saw increased sales from its Kenya project in the second quarter of fiscal year (FY) 2023-24.
The economy is going through a crisis as evidenced by the deterioration in all economic indicators. Prof Rashed Al Mahmud Titumir, chairman of the development studies department at the University of Dhaka, talks about the steps that were missing as inflation surged and what needs to be done now to bring the situation under control, in an interview
Bangladesh’s power purchase from Adani Power contributed to the massive profit the Indian conglomerate made in the first nine months of the 2023-24 fiscal year.
The ongoing decline of share values in the stock market of Bangladesh was expected as the removal of floor prices has allowed them to adjust to their real levels, according to market analysts.
Despite higher sales, profit of listed companies dropped 20 percent, with depreciation of local currency and higher energy cost to blame
Devaluation of local currency, reduction of capacity charge caused power companies profits to erode in FY 2022-23
Inflation is the leading cause of the slow growth of leading food makers
Floor price should not be reintroduced as its unfriendly to both investors and market, said Saiful Islam, president of DBA
Even with taka's devaluation, profits of listed export-oriented garment makers declined heavily for higher costs
After 18 months, BSEC yesterday withdrew the floor price for most stocks, to bring back vibrancy to the market