A slide in Hong Kong-based technology and internet heavyweights following Beijing’s latest regulatory crackdown pushed an index of emerging markets shares on Monday to their lowest this month, while Russia’s Rusal jumped on debt repayment.

Stock prices of the Investment Corporation of Bangladesh (ICB), Walton Hi-tech Industries Limited, and Berger Paints Bangladesh Limited shed the most in the market yesterday after news broke that all three were asked to offload at least 10 per cent of their shares.

Sri Lanka’s Capital Alliance (CAL) has recently made a foray into Bangladesh’s brokerage business. CAL is Sri Lanka’s leading investment bank, offering integrated investment and capital market solutions, and this becomes its first overseas foray.

The price of raw jute has fallen by about Tk 500 per maund (37 kilogrammes) at local markets in Faridpur district, thereby depriving farmers and traders of higher profits, local sources said.

Bangladesh Bank (BB) has requested commerce ministry to appoint audit firms to conduct financial audits of nine errant e-commerce firms.

Bangladesh Securities and Exchange Commission has decided to carry out a special audit on Safko Spinning Mills as some irregularities have been unearthed.

Businesses will now get six months time to bring in imported goods after payments are made, up from four months allowed earlier.

Sri Lanka’s Capital Alliance (CAL) has recently made foray into Bangladesh’s brokerage business.

Bangladesh has been one of the top five resilient economies in the world during the coronavirus pandemic, said Finance Minister AHM Mustafa Kamal today.

Dhaka stocks gained today, just after passing a profit booking session yesterday, on hopes that the index would continue to rise for some more time.

Bangladesh Standards and Testing Institution (BSTI) will issue halal certificates for processed goods, cosmetics, medicines or any other services.

South Korean company JD Creation Ltd will invest $4.15 million in Mongla Export Processing Zone to establish an industry to manufacture camping items, garments, tents and garment accessories.

Bangladesh Securities and Exchange Commission (BSEC) has asked Berger Paints, Walton and Investment Corporation of Bangladesh to offload at least 10 per cent of their total shares in the next one year to comply with the securities rules.

Mobile financial service provider bKash has recently launched an integrated transaction service with Community Bank Bangladesh Limited. 

HSBC Bangladesh has recently introduced an HSBC Cash Flow Forecasting tool that allows businesses to generate a more accurate view of their future finances and liquidity position. 

Sri Lanka’s central bank chief resigned Friday over  “political and personal issues” as a foreign exchange crisis intensified and the government imposed new import controls.

Bakhrabad Gas Distribution Company Ltd (BGDCL) has installed a central monitoring system at its head office in Cumilla to oversee the activities of commercial franchisees.

Brac Bank Limited and Green Delta Insurance Company Limited recently signed a memorandum of understanding to offer microinsurance services to livestock farmers in rural areas.

Key issues that could play an effective role in creating a vibrant private sector should be incorporated when formulating the National Industrial Policy-2021, according to speakers at a webinar.

A third of dairy cooperatives still active under Milk Vita are selling most of the milk collected from farmer members in the open market for higher rates instead of supplying it to the state-run organisation.