Doreen Power Generations and Systems has planned a merger with three of its operating subsidiary companies. The strategic restructuring move comes at a time when the listed parent company has completely run out of independent operating income, depending entirely on financial inflows from its subsi
Finance Minister Amir Khosru Mahmud Chowdhury has said the stock market regulator has fined individuals and institutions Tk 14.96 billion over alleged irregularities, manipulation and controversial transactions. On Tuesday, the second day of the budget session, Khosru revealed the information in p
Stocks opened higher on Tuesday as investors reacted positively to the removal of floor prices on shares of Beximco and Islami Bank, despite both stocks hitting the lower circuit breaker limit at the opening session.The newly reconstituted Bangladesh Securities and Exchange Commission (BSEC) on Mon
After nearly nine years as the chief executive officer (CEO) of Standard Chartered Bank, Naser Ezaz Bijoy has stepped down from his role at the foreign bank operating in Bangladesh. Confirming the development, Bitopi Das Chowdhury, country head of corporate affairs and brand & marketing at the ban
Ambassador of the United States of America to Bangladesh Brent T. Christensen said on Monday that the objective of the Agreement on Reciprocal Trade (ART) is to foster a more balanced, sustainable and mutually beneficial economic partnership between the two countries. He observed that public debat
The securities regulator on Monday finally lifted the floor price for Beximco and Islami Bank, bringing an end to more than four years of trading restrictions on the two listed firms. The newly formed commission of Bangladesh Securities and Exchange Commission (BSEC) removed the floor price for th
The Dhaka Stock Exchange (DSE) on Sunday extended its congratulations to newly appointed Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan and three newly appointed commissioners, while pledging full cooperation in implementing reforms aimed at revitalising the country's capi
The market opened sharply higher on Sunday with the benchmark index of the Dhaka Stock Exchange (DSE) crossing 5,500-mark in early trading as investors confidence boosted on the new securities commission.The benchmark DSEX index of the Dhaka Stock Exchange (DSE) jumped more than 72 points in early
Bangladesh's capital market and wider financial sector must be strengthened to attract large-scale investments and make better use of highly skilled financial professionals, policymakers and market leaders said on Saturday. The observations came at a gala programme marking the 10th anniversary of
Gas supply to industrial belts in Dhaka and Gazipur by Intraco Refueling Station has remained almost suspended for more than six months due to safety concerns. The listed company had been delivering gas sourced from state-owned Sundarban Gas Company in Bhola in the form of compressed natural gas (
Newly appointed Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan has pledged to restore investor confidence and undertake long-term reforms to build a transparent, fair and resilient capital market, acknowledging that the country's stock market is currently passing through a
The benchmark index of the Dhaka Stock Exchange (DSE) crossed the 5,400-point mark this week for the first time in three months, buoyed by strong buying in blue-chip stocks and renewed investor optimism following a series of regulatory and policy developments. The broad DSEX index soared 139 poi
The new Bangladesh Securities and Exchange Commission (BSEC) Chairman, Masud Khan, has said the regulator’s key focus is to build a more institution-driven capital market. He said the regulator wants to transform the country from a retail-driven frontier market into an emerging market backed
