Most of the unit holders of Beximco Green Sukuk have shown reluctance in converting bonds into shares although four years have passed, fearing losses. In a stock exchange filing on Tuesday, the Investment Corporation of Bangladesh (ICB), the trustee of the debt securities, said only 18 unit holder
The Dhaka Stock Exchange (DSE) has revoked another Trading Right Entitlement Certificate (TREC) licence - SQ Brokerage House Ltd - for violation of trading rules. The prime bourse on Tuesday announced the regulatory decision on its website, stating that the brokerage firm failed to commence tradin
State-run Power Grid has undisclosed liabilities which, if taken into account, would exceed the value of its assets and impair its ability to repay. The company's auditors flagged the liabilities in qualified opinions attached to the FY25 financial statements. To get independent judgements about t
Bangladesh’s stock market opened on a positive note on Tuesday, the third trading day of the week, but the Dhaka Stock Exchange (DSE) failed to hold the gains by the end of the session, while the upward trend continued at the Chittagong Stock Exchange (CSE). At the DSE, the benchmark index D
The board of directors of Bangladesh Shipping Corporation (BSC) has approved a 25 per cent cash dividend for FY25 at its 48th annual general meeting (AGM), held in Chattogram on Monday. Brigadier General (retd) Dr M Shakhawat Hossain, adviser to the Ministry of Shipping and chairman of the BSC boa
State-run Jamuna oil and Meghna Petroleum are at 'high credit risk' as their investments in fixed deposit receipts (FDRs) equivalent to Tk 16.95 billion are stuck with banks facing acute liquidity crises. The banks are Global Islami Bank, Union Bank, First Security Islami Bank, Social Islami Bank,
The number of Bangladeshi firms more than doubled to 16 in terms of reporting on Environmental, Social and Governance (ESG) compliance in the last two years, according to Bloomberg. ESG is the most recognised sustainability matrix worldwide, and the global investment data provider Bloomberg leads
The benchmark index of the Dhaka Stock Exchange (DSE) fell to a one-month low on Sunday as jittery investors continued selling amid growing political concerns. Market analysts said investor sentiment had already been fragile following the merger of five banks and the move to liquidate nine non-ban
Economies of scale are helping Bangladesh Steel Re-Rolling Mills (BSRM) make profits during a tough period of sluggish market demand, while GPH Ispat has slipped into the red. The steel industry navigated one of its toughest phases in FY25 as construction in both the public and private sectors fac
Yields on longer-term treasury bills (T-bills) edged up on Sunday as banks remained reluctant to lock in excess liquidity ahead of the year-end closing and the upcoming national election. The cut-off yield, or interest rate, on the 182-day T-bills rose to 10.65 per cent from 10.57 per cent at the
Trading at both the Dhaka and Chattogram stock exchanges began on a negative note on Sunday, with key indices falling in the first hour amid widespread price declines. At the Dhaka Stock Exchange (DSE), the benchmark DSEX index shed 21 points in early trading. The Shariah-based DSES index fell by
Readymade garment (RMG) companies are among the major targets for new listings to help the secondary market grow, but they have not been offered any incentives to go public. A major purpose of listing is to get tax benefits but RMG companies, irrespective of their status as listed or non-listed, p
The Bangladesh Securities and Exchange Commission (BSEC) has given additional time to seven more market intermediaries to ensure compliance with provisioning requirements for unrealised losses and adjustments to negative equity. The extension will take effect after December 31, when the current de
