The securities regulator has banned top two executives of two issue management companies from any capital market activities for five years due to their involvement in the IPO of the scam-hit Ring Shine Textiles. The Bangladesh Securities and Exchange Commission (BSEC) has issued two separate order
Global Islami Bank (GIB) may have to backtrack on its decision to pay cash dividends to shareholders for 2023 after a correction in its balance sheet, showing a hefty loss in the year instead of previously-claimed profits. It had announced a 10 per cent dividend for the year. In a disclosure on Su
After narrowly escaping a liquidity collapse triggered by massive loan irregularities linked to the S Alam Group, Islami Bank Bangladesh PLC is now on a determined path to reclaim its past glory -- aiming to become the country's leading commercial bank once again. In an exclusive interview with Th
Capital Market Stabilisation Fund (CMSF) is going to be transformed into a statutory fund to strengthen its legal status so that the main purpose of ensuring protection of investors' money is well served. It will not only get a different name but will also be given a different operating framework.
The benchmark index of the Dhaka Stock Exchange (DSEX) surged 3.56 per cent this week, marking its biggest weekly gain in 10 months, as investor sentiment remained buoyant despite concerns over US tariff hikes. The rally came amid fears surrounding the United States' proposed 35 per cent reciproca
The number of active users of the DSE mobile app dropped to an eight-year low due to the prolonged depressed market trend and the imposition of service charge on app users. The number of mobile app users was 26,067 at the end of FY25, a 21 per cent fall from the year before. The figure was at its
Eastern Bank will issue zero-coupon bonds to raise Tk 8 billion, shifting from the previous floating-rate structure, to reduce short-term interest payment obligations. In a filing on Thursday, the listed private commercial bank disclosed its decision. Earlier this year, the board of directors of
Loss-making drug manufacturer Indo-Bangla Pharmaceuticals has announced a plan to export medicines to Afghanistan for what it claims is to overcome difficulties to access dollars to import raw materials. If the plan is translated into action, Afghanistan will be the first export destination of pro
Stocks extended rally for the sixth straight session on Wednesday, with the key index of the Dhaka bourse surpassing the 5,000-point threshold after three months, defying worries over proposed higher-than-expected US tariff imposition. Improving macroeconomic indicators seem to have helped offset
The yield on two-year Bangladesh Government Treasury Bonds (BGTBs) dropped significantly on Tuesday as banks showed increased willingness to invest their excess liquidity in risk-free securities. The cut-off yield, generally known as the interest rate, on the BGTBs declined to 11.60 per cent on th
The Credit Rating Agency of Bangladesh (CRAB) has recently awarded the Prime Bank PLC, one of the leading private commercial banks, triple A (AAA) for long-term and ST-1 for short-term, a recognition more than technical accolade; it is a recognition of the Bank's 30-year journey rooted in service,
Global Insurance secured a 14 per cent year-on-year growth in profit to Tk 64 million in 2024, supported by higher investment income in a challenging business climate. Subsequently, the general insurer's consolidated earnings per share (EPS) stood at Tk 1.58 for 2024, up from Tk 1.38 for the previ
A mismatch between the expenses of listing and incentives offered by the government is the reason why companies are reluctant to enter the secondary market, said speakers at a discussion on the capital market on Tuesday. "No one comes to the capital market out of their corporate social responsib
