Leaders of the rapidly-growing pharmaceutical sector have pressed for greater incentives and policy stability to encourage drug manufacturers to go public. The suggestion came up in a meeting betweenrepresentatives of the Dhaka Stock Exchange (DSE) and the Bangladesh Association of Pharmaceutical
Stock market investors under the banner of ‘Bangladesh Pujibazar Oikya Parishad’ on Thursday demanded the resignation of Finance Adviser Dr Salehuddin Ahmed and Bangladesh Bank Governor Dr Ahsan H Mansur, alleging that the recent merger of five Shariah-based banks was decided without co
The Dhaka Stock Exchange (DSE) has suspended share trading of five troubled Islamic banks from today (Thursday) as the Bangladesh Bank declared the banks as non-viable. The trading suspension will continue until further notice, said the DSE in a disclosure on Thursday. The Bangladesh
The country's mobile phone industry owners have urged the government to ensure uninterrupted implementation of the National Equipment Identity Register (NEIR) by the Bangladesh Telecommunication Regulatory Commission (BTRC), set to launch on December 16 this year, to curb the widespread use of ille
Stocks deepened their bearish spell, breaking the psychological threshold of the 5,000-mark after four months on Wednesday, as jittery investors dumped their holdings to escape further losses. Market analysts said investors had been suffering from a confidence crisis for a long time, while the new
BRAC Bank is considering gradually withdrawing custodianship from 60 mutual funds (MFs) if it does not get its authority strengthened over the management of assets in the funds' portfolios. It has come to this position following bitter experiences regarding the alleged misappropriation of two pool
The Bangladesh Securities and Exchange Commission (BSEC) has slapped ex-managing director of IFIC Bank with a fine of Tk 50 million for deceptive promotion of a zero-coupon bond. According to a press release issued after the commission's meeting on Tuesday, the penalty was handed down for breach o
The Dhaka Stock Exchange (DSE) will hold an election for the posts of two shareholder-directors on December 15, as the three-year tenure of the existing board members will expire this year in line with the demutualisation scheme. This year, Md. Shakil Rizvi, managing director of Shakil Rizvi Stock
Anlima Yarn Dyeing Ltd. is at risk of going out of business, warned its auditor. Its liabilities are double the value of its assets that can be converted into cash within a year to clear the obligations due within the same period, according to the latest financial statements for the first quarter
The Bangladesh Securities and Exchange Commission (BSEC) has decided to impose a substantial fine of Taka 50 million on the former Managing Director of IFIC Bank PLC, Shah Alam Sarwar, for violations of securities laws and regulations. The decision was finalized during the 980th Commission Meeting
Stocks opened on a positive note today, with indices at both the Dhaka and Chattogram stock exchanges edging up in early trading amid a rise in investor participation. In the first hour of trading, the benchmark DSEX index of the Dhaka Stock Exchange (DSE) advanced by 21 points to 5,129. The Shari
The benchmark index of the Dhaka Stock Exchange (DSE) plummeted to a two-week low on Monday as investor pessimism deepened amid lingering political uncertainties surrounding the forthcoming national election. Well-performing blue-chip stocks, including Square Pharma, BRAC Bank, Robi Axiata, Unilev
Indices at both the Dhaka and Chattogram stock exchanges opened higher in the first hour of trading on Sunday, as most company shares gained in price. At the Dhaka Stock Exchange (DSE), the key index DSEX advanced by 5 points in early trading. The Shariah-based DSES remained flat, while the
