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
Most multinational companies saw their profits plummet in January-September this year compared to the same period last year, largely due to high finance costs and macroeconomic challenges amid political uncertainty. Economic activities have remained sluggish following the political changeover last
British American Tobacco (BAT) Bangladesh has posted a 23 per cent year-on-year decline in profits for the third quarter of this year, primarily driven by lower sales and increased operational costs. The multinational tobacco company reported a profit of Tk 3.05 billion for the July-September peri
The High Court has granted the appeal of Minhaz Mannan Emon, director of the Dhaka Stock Exchange (DSE), acquitting him of charges filed under the Digital Security Act (DSA). A High Court bench comprising Justice ASM Abdul Mobin and Justice Md Jabid Hossain delivered the verdict on Thursday, overt
IDLC Finance reported a 34.78 per cent year-on-year rise in profit to Tk 0.68 billion for the third quarter ending in September this year, driven by higher investment income. The company is among the few non-bank financial institutions (NBFIs) that have managed to contain non-performing loans. H
Berger Paints reported a slight year-on-year decline in profit - by 2.70 per cent - to Tk 1.49 billion in the first six months of FY26, as the cost of sales increased due to currency devaluation. According to a disclosure on Thursday, the market leader in the paint industry, holding a 50 per cen
Well-performing banks offset a year-on-year decline in net interest income in the nine months through September with higher returns from investments in government securities. Market-based interest rates helped lenders earn more in interest during the period compared to the same period last y
