Both Central Insurance and Phoenix Insurance have reported a decline in profit in 2022, compared to the previous year, mainly due to a decrease in premium income from the marine segment. A sharp fall in third-party insurance and lower earnings from the stock market investments also contributed to
Banglalink Digital Communications Ltd, the third-largest mobile phone operator in Bangladesh, has planned to go public by offloading 10 per cent of its paid-up capital. Banglalink may raise more than Tk 8 billion through initial public offering (IPO) under the fixed-price method. The telecom oper
Banks are not following the International Financial Reporting Standards (IFRS) while making their financial statements, said Md Hamid Ullah Bhuiyan, chairman of the Financial Reporting Council (FRC). If they did, the value of their assets would be eroded by 40 per cent, he said, insisting that the
The stock exchanges -- Dhaka Stock Exchange and Chittagong Stock Exchange have reduced share trading time by an hour during the month of Ramadan. Share trading on the bourses will begin at 10:00 am as usual and continue until 1:20 pm as a continuous session during Ramadan, according to a statement
Trust Bank Limited’s Retail Banking Division organised a ‘DSR Training Program’ at CCULB Resort & Convention Hall in Gazipur on Thursday. Managing Director and CEO of Trust Bank Humaira Azam attended the programme as chief guest while deputy managing director and CBO Ahsan Zaman
Under the initiative and funding of Jamuna Bank Foundation, a free medical camp was organised at Katakhali in Munshiganj recently, says a press release Monday. At the camp, seven types of free medical services with medicine were given to 6,513 patients and 563 were listed for eye operation. Chair
Midland Bank Limited (MDB) has signed a participation agreement with Bangladesh Bank under a refinance scheme namely Green Transformation Fund (GTF) worth BDT 50 billion for the acceleration of green practices and sustainable growth in export-oriented and manufacturing industries. The signing cere
LankaBangla Securities, which started trading at the newly-introduced alternative trading board (ATB) early January this year, reported a 56 per cent plunge in profit for 2022, compared to the previous year. The first-ever brokerage firm in Bangladesh that offloaded shares in the stock market lo
Bank Asia Ltd has registered a 13 per cent year-on-year rise in profit to Tk 3.05 billion for the year ended in December 2022, thanks to higher income from export-import business. Its consolidated earnings per share stood at Tk 2.62 in 2022, up from Tk 2.34 the year before, according to a disclosu
The board of directors of Bank Asia Ltd has recommended a 15 per cent cash dividend for the year that ended on December 31, 2022. The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on April 30 at 11:00 am in Dhaka through digital platforms. T
The imposition of floor price has led to a handful of junk stocks becoming dominant in daily transactions on the Dhaka bourse. But Sea Pearl Beach Resort & Spa, which falls into 'A' category stocks, has been behaving differently from its peers. It has been flying high on the Dhaka Stock Exchange
The ten most-traded firms accounted for 38 per cent of the transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Rupali Life Insurance dominating the turnover list after a long time. Rupali Life Insurance led the weekly turnover list, buoyed by the news that many insurers manag
Stocks tumbled in the week to Thursday, wiping out almost all the gains from the previous week, owing to the short-term profit-booking tendency among the investors reeling from a confidence crisis. The risk-averse investors opted to liquidate their positions across the trading floor, pushing the b
