Mobile phone traders across Bangladesh staged a day-long shutdown and formed a human chain in Dhaka on Sunday, pressing for sweeping reforms to the National Equipment Identity Register (NEIR), a fair and consistent tax structure, and an end to what they describe as a growing monopolistic grip on th
Bangladesh Bank (BB) has extended the tenure of the first Bangladesh Government Investment Sukuk by an additional five years. This decision, designed to protect the interests of the Sukuk holders and ensure compliance with Shariah guidelines, pushes the maturity date of the instrument back to the
The country’s bourses saw a positive start on Sunday as key indices in both Dhaka and Chattogram moved up during the first hour of trading, with most companies posting gains. At the Dhaka Stock Exchange (DSE), the benchmark DSEX index rose by 3 points in early trading. While the Shariah-bas
Beximco Pharma, one of Bangladesh's leading drugmakers, has long been run by professionals with no board interference in its daily operations. The company is largely owned by general investors, who hold 86 per cent of its shares, while sponsors hold the remaining 14 per cent, said its Chief Financi
The state-run Investment Corporation of Bangladesh (ICB) avoids showing actual losses by valuing its investments in securities at cost rather than at current market value. The Bangladesh Bank has issued a 'no objection' to reporting investments at cost price in the financial statements of ICB, the
The Dhaka Stock Exchange (DSE) has awarded FIX (financial information exchange) certification to nine more brokerage firms as part of its initiative to introduce in-house order management systems (OMS) through API connectivity in all brokerage houses. Mohammad Asadur Rahman, acting managing direct
The Dhaka bourse closed marginally higher on Thursday, breaking the losing streak of the previous two sessions, riding on gains by some market leaders, including Square Pharmaceuticals. The market opened the day's session on a positive note, but soon failed to sustain the momentum, with the broad
The global rating agency S&P on Thursday rated local BRAC Bank 'B+' for the long term and 'B' for the short term, according to a press release. "We affirmed our 'B+' long-term and 'B' short-term issuer credit ratings on BRAC Bank PLC. The outlook on the long-term rating remains stable," the releas
The state-run Padma Oil Company is at 'high credit risk' as its investments in fixed deposit receipts (FDRs) equivalent to Tk 1.93 billion are stuck with five banks facing acute liquidity crises. The banks are Global Islami Bank, Union Bank, First Security Islami Bank, Social Islami Bank and Natio
The government has provided a loan of Tk 10 billion to the Investment Corporation of Bangladesh (ICB), a state-owned investment institution, to overcome its liquidity crisis and increase its investment capacity in the stock market. ICB Chairman Abu Ahmed told bdnews24.com on Wednesday that the loa
The benchmark equity index of the Dhaka Stock Exchange (DSE) crossed the 5,000-mark threshold after three weeks on Monday, largely supported by the Investment Corporation of Bangladesh (ICB). The state-run investment bank began injecting funds into the market this week after receiving Tk 10 billio
The Institute of Chartered Accountants of Bangladesh (ICAB) and the UK-based Chartered Institute of Public Finance and Accountancy (CIPFA) have renewed their commitment to advancing high-quality public sector financial management by re-signing a Memorandum of Understanding (MoU). The MoU was signe
Another closed-end mutual fund - Vanguard AML BD Finance Mutual Fund One - is going to be liquidated next month after a majority of its unitholders voted against its conversion into an open-ended fund upon maturity. The fund's trustee - Bangladesh General Insurance Company (BGIC) - at a recent mee
