Ahsan Habib

Two new types of companies -- a water treatment solution provider and a solar panel producer -- plan to go public on the stock exchanges in Bangladesh as they look to raise funds to expand footprint.

The ongoing tension between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission could deepen further (BSEC) following a recent stock market regulator move that curtails banks’ power to cancel payments to bondholders.

IPDC Finance has recovered from a sinking position to become one of the best non-bank financial institutions (NBFIs) in Bangladesh by shifting its focus to untapped sectors, according to the company’s Managing Director Mominul Islam.

Listed companies across almost all sectors saw their profits rise 8.6 per cent on average in the first quarter of the ongoing fiscal year, indicating that Bangladesh is making a strong economic recovery from the Covid-19 pandemic.

Remittances have multipurpose positive effects on rural economies, which enhances Bangladesh’s inclusive growth, according to economists.

Shwapno, the largest retail chain in Bangladesh, has at last logged operating profits, a development that is likely to make the investors of its parent company, Advanced Chemical Industries (ACI), happy.

The National Board of Revenue (NBR) introduced tax cards more than a decade ago and expanded its associated list from fiscal 2015-16 to recognise compliant taxpayers in various sectors and professions.

Most of the listed rod and cement producers in Bangladesh posted higher profits in the July to September period riding on higher sales as economic activities picked up thanks to the improving coronavirus situation.

Olympic Industries Ltd, the maker of popular biscuit brands such as Energy Plus, Tip and Nutty, has announced that it would invest Tk 25.65 crore to expand its production capacity to meet growing demands.

Scheduled banks and corporates in Bangladesh have been opting for issuance of bonds for the last couple of years to diversify treasury management and strengthen capital base.

The World Bank has projected lower remittance growth for Bangladesh compared to that of India and Pakistan in 2021 due to the slower outmigration of workers who have returned home at the height of the global coronavirus pandemic.

Most listed power generation companies saw their profits rise in the July-September period of the ongoing financial year as the economy is recovering from Covid-19, according to industry people.

Almost all listed pharmaceutical companies in Bangladesh logged higher profits in July to September thanks to higher sales as people shook off coronavirus fears to avail treatments and the lower cost of bank finances.

Japanese multinational conglomerate SoftBank Group Corporation is going to buy a 20 per cent stake in bKash, which could give a further push to the fast-expanding mobile financial service industry in Bangladesh.

Closure, resumption, and closure. This is what described Aziz Pipes in the last 10 months in a nutshell.

Deshbandhu Group invested around Tk 800 crore in the last one year despite the business uncertainty caused by the coronavirus pandemic as it looks to expand its footprint in the overseas markets.

Most listed multinationals logged higher profits during this year’s July-September quarter, compared to the same period a year ago, riding on increased sales in the last two months of the quarter following a three-week countrywide lockdown in July.

Listed banks in Bangladesh posted higher profit in the January to September period on the back of higher income from their investment in the stock market, a pick-up in credit demand and lower expenses.

Bangladesh’s telecom sector is expected to thrive in the current decade on the back of a spike in demand for mobile data, according to a new report.

Shares of Hamid Fabrics surged 67 per cent on the Dhaka Stock Exchange (DSE) yesterday even after reporting huge losses earlier on the day.