There is a huge gap in the net asset value (NAV) between what the troubled Islamic banks reported in their latest financial statements and what the Bangladesh Bank announced when it dissolved their boards on Wednesday. BB Governor Ahsan H. Mansur, at a press briefing, said the NAV of the b
The DSE Brokers Association (DBA) seeks two more months to ensure the installation of tamper-proof back-office software by all brokers -- a mechanism deemed crucial to prevent digital fraud meant to embezzle investors' money. The deadline after the third-time extension was June 30. The DBA claime
Trading in Treasury bonds on the Dhaka Stock Exchange (DSE) surged 55 per cent year-on-year to Tk 1.31 billion last year mainly due to higher interest rates and an easing of the transaction process through brokerage firms. The trade volume is still insignificant compared to the potential of the
Kattali Textile has laundered money from the funds raised through its 2018 IPO, and now the stock market regulator has handed its investigation report to the CID for actions under the Money Laundering Prevention Act 2012. A primary investigation by the Bangladesh Securities and Exchange Comm
Only four non-bank financial institutions (NBFIs) out of 16 secured a higher profit year-on-year in January-September this year, driven by an increase in return from government securities. IDLC Finance, DBH Finance, United Finance, and LankaBangla Finance stand out in the industry for their
Beximco was allowed to raise Tk 15 billion by issuing zero-coupon bonds in March this year though its financial performance showed signs of high default risks. Its profit in FY23 plunged 77 per cent year-on-year to Tk 7.1 billion and then in the nine months through March this year the earnin
The floor price was in place for about 18 months to protect "small investors" but persistent bleeding of the index since its removal in January raises questions as to what investors or market achieved from the regulatory intervention. The prime index of the Dhaka Stock Exchange (DSEX)
Leading non-bank financial institutions' cost of funds rose amid monetary tightening, resulting in a lower profit in the first quarter through March this year, compared to the same quarter last year. Hence, the hikes in lending rates after the withdrawal of the 9 per cent rate cap could do l
