Experts in the banking sector send out messages of caution for any merger between strong and weak banks as part of financial sector reforms announced by the Bangladesh Bank. The BB governor in a recent meeting asked managing directors and chief executive officers of the country's public and privat
The Monetary Policy Statement (MPS) unveiled on Sunday for the first six months of FY24 will increase the profitability of the lenders as the interest rate spread will widen following the removal of the lending rate cap. From now on, the lending rate ceiling for banks will be determined by adding
The highest annual tax rebate on investments in listed securities of the capital market will be reduced by one-third, or 33 per cent, to Tk 1 million if the draft income tax act 2023 is approved by parliament. In that case, the maximum investment will be Tk 6.67 million a year, 15 per cent of whic
Leading drug makers endured a year-on-year decline in profit in the latest quarter through March of FY23 owing to higher production costs. Square Pharmaceuticals, Beximco Pharmaceuticals, Renata and ACI saw their profits drop up to 57 per cent year-on-year in the three months through March on the
Spurred by economic-recovery hopes, initial public offerings in the outgoing calendar year will climb to a decade-high amount of Tk 12.33 billion, including premium, as moves are on to woo blue chips into bourses. Sources say last three IPOs of 2021 will take the funds to this total. The last thr
Capital gains largely lure investors into staking big bets on stocks which spur steady rally of the bourses as returns on bank deposits and other investment tools shrink, according to market analysts. The regulatory measures taken to keep liquidity unaffected and unusual price rises of small-cap c
