FAS Finance & Investment is bound to have a slow death. What is to be seen is how long it can survive bearing losses. Loan scams orchestrated by Proshanta Kumar Halder alias PK Halder between 2015 and 2017 left it so wounded that it could not make even a small step for recovery. The latest financ
Dulamia Cotton Spinning Mills may have to shut down permanently for the company has failed to revamp its production unit, replacing outdated machinery. It has been out of production for the last three years. The auditor said the company might never be able to resume production as its current liabi
The cut-off price of initial public offering (IPO) shares of Best Holdings has been fixed at Tk 35 each through electronic bidding process involving eligible investors. The determination of this price took place over a 72-hour bidding window from November 20 to 23, as mandated by the book-building
The state-run Meghna Petroleum suffered a net operating cash crisis in the first quarter (Q1) of this fiscal year due to increased payments to suppliers, employees and others. The country's second largest petroleum marketer saw cash inflows of Tk 79.60 billion but made payments totalling Tk 87.06
Jute Spinners' annual loss almost doubled year-on-year to Tk 142.43 million in FY23, while accumulated losses of the last 11 years reached around Tk 900 million. It has been producing nothing since 2016. The company suffered a net loss of Tk 76.23 million in FY22. Liabilities shot up exceeding tw
The securities regulator has lifted its embargo on IPO (initial public offering) subscription of Asiatic Laboratories, meaning the company can now collect money from the primary market. The regulator took the decision at a meeting on Tuesday after an accurate valuation of the company's assets and
The troubled Ring Shine Textiles reported a record loss in FY23 amid doubts hovering over the ownership transfer to another local textile company and five Singaporean entities, approved nearly a month ago. The Bangladesh Securities and Exchange Commission (BSEC) attached some conditions to the cha
The daily turnover on Dhaka Stock Exchange tumbled to an eight-month low on Tuesday as investors were reluctant to put fresh bets on stocks amid growing political tensions ahead of the national election. Also, the latest policy rate hike by a further 50 basis points amid a tightened monetary space
Stocks opened positive on Tuesday, after a big fall the previous day, as bargain hunters put fresh bets on rumour-based junk stocks in anticipation of short-term gains. A section of investors chased low-performing junk stocks again such as Zeal Bangla Sugar Mills, Ambee Pharma, Libra Infusion, and
Richard D' Rozario, managing director of Global Securities, has been elected uncontested as a shareholder-director of the Dhaka Stock Exchange for the next three years. Mr Rozario will replace Md Siddiqur Rahman, chairman of Sterling Stocks and Securities, who is retiring from the DSE board in lin
Stocks suffered a big jolt on Monday as jittery investors dumped their holdings, fearing further erosion of their portfolios. The latest policy rate hike by a further 50 basis points amid a tightened monetary space fueled concerns among investors regarding the market outlook, said EBL Securities.
S.S. Steel is set to acquire fixed assets of two non-listed steel makers -- Super Steel and Peninsula Steel Mills, located at Sitakunda in Chattogram -- as part of its business expansion. The fixed assets -- land (164 decimal), steel structure shed, building, capital machinery, and utility connect
The mutual fund industry found itself in a tight spot in FY23, as the price movement restriction kept the market stagnant throughout the year giving little opportunity for capital gains. Open-ended mutual funds that secured commendable double-digit returns a year before saw their earnings shrink d
