Gas supply to a plant of the United Power Generation & Distribution Company (UPGDC) has been resumed two weeks after suspension as the government, under pressure to meet rising energy demand, agreed to address a dispute over gas pricing. The 82 MW plant located in the Dhaka Export Processing Zone
People's access to credit, insurance payments, and savings through mobile financial services (MFS) saw a significant increase in Bangladesh last year compared to the previous year, according to a recent global report. The report highlighted that the number of mobile money users availing loans rose
IDLC Finance reported a profit of Tk 508.77 million for the first quarter of 2025, a year-on-year surge of more than 43.6 per cent, driven by gains from Treasury bonds and reduced provision. The earnings per share (EPS) rose to Tk 1.22 for the first quarter of 2025 from Tk 0.85 for the same perio
Bangladesh’s stock markets began the first trading day of the week with a decline, as all major indices in both Dhaka and Chattogram opened lower on Monday. At the Dhaka Stock Exchange (DSE), the benchmark index DSEX dropped by 2.0 points. The Shariah-based DSES index fell by 1.0 point, whil
The interim government has taken five key decisions, including "effective reforms" to the capital market with the help of foreign experts having no stakes in the local market. The decisions were taken on Sunday when Chief Adviser (CA) Muhammad Yunus sat with top brass of the government to discuss
Protests against Israel in early April unexpectedly turned hostile towards multinational companies. Bata Shoe endured significant losses in the violent episode as men stormed into its shops in several cities across Bangladesh, ransacked and looted them. The looters used the pretext that Bata Shoe
Stakeholders of the capital market are looking forward to today's meeting where the Chief Advisor is expected to listen to measures taken so far to help stabilise the market and give a direction in the next course of action. Dr. Salehuddin Ahmed, finance adviser; Anisuzzaman Chowdhury, special
Stock market investors on Saturday called for the immediate removal of the Chairman of the Bangladesh Securities and Exchange Commission (BSEC), accusing him of failing to manage the market effectively. Leaders of the Bangladesh Capital Market Investors Association (BCMIA) made the demand at a pre
The stock market continues its downward trend for the fifth week in a row, driven largely by escalating geopolitical tensions in the subcontinent, which weighed heavily on investor confidence. On Wednesday -- the day India launched airstrikes on Pakistan, the benchmark equity index tanked 149 poin
The International Finance Corporation (IFC) has committed to providing a US$58 million long-term loan to Renata PLC, a leading pharmaceutical company in Bangladesh. The aim is to bolster the country's pharmaceutical sector and its capacity to deliver essential healthcare products. This financing
Listed non-life insurance company Paramount Insurance showed a 5 per cent year-on-year increase in profit to Tk 4.81 million in its first quarter (January-March) of 2025, supported by lower management and commission costs. The earnings per share (EPS) rose to Tk 1.18 for the first quarter of 2025
The Dhaka bourse on Thursday turned overly upbeat just a day after it showed the highest correction of the prime index in about five years without any significant change on economic or geo-political front. A majority of the stocks recovered from the heavy loss that they endured the day before for
The Dhaka Stock Exchange (DSE) has rallied to regain 100 points in a day as indices rose sharply in a recovery following a sector-wide decline on Wednesday caused by the India-Pakistan conflict in the region. The DSE price index knocked up 99.85 points to post 4,902 at the close on Thursday. Altho
