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.
9h ago
State banks struggle while foreign lenders make hefty profit. Here’s why
Why is there such a huge discrepancy between multinational banks and state-run lenders despite operating in the same business environment? The reason is a lack of efficiency in making business decisions, business focus, and political bias.
1d ago
Saif Powertec not publishing financial reports for 18 months
As a result, general investors remained in the dark about the financial performance of the company during this period.
1d ago
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.
5d ago
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.
1w ago
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.
2w ago
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
2w ago
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.
3w ago
January 19, 2024
Regulator lifts floor price curbs on most stocks after 18 months
After 18 months, BSEC yesterday withdrew the floor price for most stocks, to bring back vibrancy to the market
January 18, 2024
Higher production costs blindside building material industry
Despite registering higher revenue, building material makers profits were down for increasing production costs
January 17, 2024
USD shortage, inflation slowing automobile sales
Automobile sales in Bangladesh recorded the steepest fall in profits among all sectors in fiscal 2022-23
January 16, 2024
Pharma profit falls for first time in five years as costs escalate
Rising production cost is the primary reason for the shrinking profits of pharma companies in Bangladesh
January 11, 2024
Olympic's annual biscuit sales cross Tk 2,500cr for the first time
Rising sales for packaged bakery and confectionary items helped Olympic Industries to cross Tk 2,500 crore in sale
January 8, 2024
With election over, economy to take centre stage in 2024
The economy now can take the centre stage with the elections finally done for
January 3, 2024
Agent banking losing steam with banks opening more sub-branches
Sub-branches are the priority for banks now, replacing agent banking in bringing banking services efficiently to people
January 2, 2024
Three factors that could determine stock market recovery in 2024
Bangladesh might have bid adieu to 2023 but it could not leave behind the old problems that held it back throughout the turbulent year
December 28, 2023
Sikder Insurance: Rules broken, yet IPO goes ahead
Sikder Insurance Company Limited has invested most of its assets in the capital market, parking funds in a single stock of scandal-ridden National Bank Ltd (NBL), in a corporate wrongdoing influenced by family ties.
December 20, 2023
Luxury hotels log higher revenue: half of it comes from food, beverage
Food and beverages are major sources of revenue for most of the luxury hotels in Bangladesh compared to their earnings from renting out rooms
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