Sena Kalyan Insurance saw its third-quarter profit slump by 16.7 per cent year-on-year to Tk 32.40 million, as revenue from its core underwriting business fell sharply while management expenses continued to climb. The army-run general insurer saw a 67 per cent year-on-year decline in profit from i
The stock market regulator has ordered LR Global Bangladesh Asset Management Company to recover the investment it made in Padma Printers & Colour three years ago in breach of securities rules. The Bangladesh Securities and Exchange Commission (BSEC) at the same time has imposed fines on six top of
LafargeHolcim posted a 36 per cent year-on-year profit growth to Tk 1.20 billion in July-September - a remarkable feat at a time when the construction industry is reeling from sharp cuts in both public and private investment. The success was achieved due to higher sales of premium products and agg
The yield on 10-year treasury bonds edged up on Tuesday, as banks showed reluctance to invest surplus funds in long-term government securities, opting instead for short-term instruments to manage their portfolios more efficiently. According to auction results, the cut-off yield on the 10-Year Bang
The Bangladesh Securities and Exchange Commission (BSEC) has imposed a lifetime ban on Reaz Islam, chief executive officer (CEO) and chief investment officer of LR Global Bangladesh Asset Management Company Limited, barring him from all activities in the capital market. The BSEC has also ban
Indices at both the Dhaka and Chattogram stock exchanges witnessed an upward trend in the first hour of trading on Tuesday, with most companies seeing price gains. During the first hour of trading, the key index of the Dhaka Stock Exchange (DSE), DSEX, rose by 40 points. The Shariah-based index,
Crown Cement has reported a 33 per cent year-on-year drop in profit to Tk 0.67 billion for FY25, despite a rise in revenue. In a disclosure on Monday, the company attributed the decline in profit to higher marketing expenses, additional depreciation from a newly inaugurated plant, and increased fi
DBH Finance has reported nearly a 3 per cent year-on-year decline in profit to Tk 324 million for the third quarter (Q3) through September, mainly due to higher provisioning amid a spike in interest expenses on deposits and borrowings. The leading non-bank financial institution (NBFI), which focus
The week’s second trading session began with a mixed performance on the country’s two stock exchanges as the Dhaka market opened higher while the Chattogram bourse witnessed a decline. In the first hour of trading on Monday, the key index of the Dhaka Stock Exchange (DSE), DSEX, advanc
The Investment Corporation of Bangladesh (ICB) is hopeful of returning to profit if it gets immediate liquidity support to overcome its liabilities. The largest investment bank, which is highly dependent on the secondary market for revenue generation, has already shown signs of recovery, securing
Bangladesh Steel Re-Rolling Mills (BSRM) has secured a record profit in FY25 in a challenging business environment, driven by higher sales and lower input costs. It earned a consolidated profit of Tk 6.14 billion in the year, a 42 per cent year-on-year increase from the year before, according to a
Yields on treasury bills (T-bills) declined further on Sunday as banks continued to channel their surplus liquidity into government securities, amid sluggish private-sector credit growth in the run-up to the national elections. The cut-off yield, commonly known as the interest rate, on the 91-day
Bangladesh's startup scene is brimming with ideas but starved of patient capital, industry leaders and financial experts said on Sunday. They stressed that the country must now move beyond its dependence on high-interest bank loans and embrace venture capital to unlock the next wave of innovation
