Stock / Bangladesh

Salvo Chemical's net profit drops 26pc in H1

Salvo Chemical's net profit drops 26pc in H1

Salvo Chemical Industry, which produces sulphuric acid, sulphate, battery-grade water and glucose, has reported a 26 per cent year-on-year drop in net profit for the six months through December 2022 due mainly to costlier raw materials. The chemical producer logged a net profit of Tk 64.66 milli


Regulator to sue UFS MD, associates for money laundering

Regulator to sue UFS MD, associates for money laundering

The securities regulator has decided to file money laundering cases against the managing director of scam-hit Universal Financial Solutions (UFS) and his associates for embezzlement of Tk 2.35 billion from four open-end mutual funds. At a meeting on Thursday, the Bangladesh Securities and Exchange

Midland Bank prepares for debut trading on Monday

Midland Bank prepares for debut trading on Monday

Midland Bank braces itself to see investors' response in its debut trading on Monday on the Dhaka and Chittagong bourses after its initial public offering failed to draw much attention. It will be the 35th listed bank, having seen two other banks performing poorly on the exchanges last year afte

BSEC restructures board of Simtex Industries

BSEC restructures board of Simtex Industries

The securities regulator has restructured the board of directors of Simtex Industries, a sewing thread and yarn dyeing producer, by appointing new chairman and four independent directors. The Bangladesh Securities and Exchange Commission (BSEC) issued a directive in this regard on Thursday with im

Orion Infusion erodes 72pc on DSE since October

Orion Infusion erodes 72pc on DSE since October

Orion Infusion plummeted by Tk 705 or 72 per cent each share in the past five months from its peak reached in the end of October last year. It had taken almost equal time to multiply 12 times to Tk 973.9 back then. The company's share closed at Tk 268.80 on Wednesday. The rally was mainly driven

Banglalink plans to raise over Tk 8b thru IPO

Banglalink plans to raise over Tk 8b thru IPO

Banglalink Digital Communications Ltd, the third-largest mobile phone operator in Bangladesh, has planned to go public by offloading 10 per cent of its paid-up capital. Banglalink may raise more than Tk 8 billion through initial public offering (IPO) under the fixed-price method. The telecom oper

BB lets banks defy global financial reporting standards: FRC

BB lets banks defy global financial reporting standards: FRC

Banks are not following the International Financial Reporting Standards (IFRS) while making their financial statements, said Md Hamid Ullah Bhuiyan, chairman of the Financial Reporting Council (FRC). If they did, the value of their assets would be eroded by 40 per cent, he said, insisting that the

Bourses cut trading by an hour during Ramadan

Bourses cut trading by an hour during Ramadan

The stock exchanges -- Dhaka Stock Exchange and Chittagong Stock Exchange have reduced share trading time by an hour during the month of Ramadan. Share trading on the bourses will begin at 10:00 am as usual and continue until 1:20 pm as a continuous session during Ramadan, according to a statement

Trust Bank Limited holds DSR training programme

Trust Bank Limited holds DSR training programme

Trust Bank Limited’s Retail Banking Division organised a ‘DSR Training Program’ at CCULB Resort & Convention Hall in Gazipur on Thursday. Managing Director and CEO of Trust Bank Humaira Azam attended the programme as chief guest while deputy managing director and CBO Ahsan Zaman