The stock market watchdog has finally decided to take stern actions against all individuals responsible for the scam tied to the 2019 IPO of Ring Shine Textiles. In a press release issued on Monday, the Bangladesh Securities and Exchange Commission (BSEC) said it had decided to involve the Anti-Co
The capital market regulator has initiated action against Prime Finance and Investment Limited, a listed non-bank financial institution (NBFI), and its two subsidiaries over a Tk 2.96 billion money laundering case. In a press release issued on Monday, the Bangladesh Securities and Exchange Commiss
The SME board of the Dhaka Stock Exchange (DSE) has witnessed a steep fall in both its broad index and turnover value over the past year, driven by sharp corrections in the market prices of listed securities. On July 16 last year, the broad DSMEX index stood at 1,540 points. Since then, the index
The country's capital market lacks an underlying policy framework, which is why it has failed to thrive and play its intended role in the economy, speakers said at a discussion on Monday. So, policy guidelines have to be fixed before moving ahead with restructuring and developing the market, they
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
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
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
