LankaBangla Finance posts profit growth of 31% for 2021

LankaBangla Finance Ltd posted a 31% growth in its consolidated annual profits for 2021, thanks to its return on capital market investments.  The consolidated net profit after taxes of the non-bank financial institution (NBFI) soared to Tk130 crore in 2021, which was Tk97 crore in the previous year. Its consolidated earnings per share (EPS) stood […]

Chattogram bourse, Indian firm sign MoU for commodity exchange

The Chittagong Stock Exchange (CSE) today signed a memorandum of understanding with India’s Multi Commodity Exchange (MCX) to launch Bangladesh’s first-ever commodity exchange. A commodities exchange is a legal entity that determines and enforces rules and procedures for trading standardized commodity contracts and related investment products. PS Reddy, managing director and chief executive officer of […]

Trust deed for Tk100 crore Golden Jubilee Fund has been signed.

The Capital Market Stabilization Fund (CMSF) has taken an initiative to form a Tk100 crore new closed-end mutual fund named “ICB AMCL CMSF Golden Jubilee Mutual Fund” in a bid to increase the fund flow in the capital market. CMSF is the sponsor and ICB AMCL is the fund manager of the fund while Bangladesh […]

Moody’s affirms Bangladesh’s Ba3 ratings, Maintains stable outlook

29 Mar 2022, Singapore. Moody’s Investors Service (“Moody’s”) has today affirmed the Government of Bangladesh’s long-term issuer and senior unsecured ratings at Ba3 and maintained the stable outlook. The short-term issuer ratings are also affirmed at Not Prime. The drivers behind the rating affirmation include Moody’s expectation that the growth rebound following the pandemic will […]

BSEC to hold 5th Roadshow in Qatar

The Bangladesh Securities and Exchange Commission (BSEC) will arrange another roadshow in Qatar this year to attract foreign investment. The Qatar Road Show would be the fifth such international event of the BSEC. The stock market regulator took the initiative to expand the country’s stock market in the international arena and woo foreign investors. The two-day […]

Get full support for investment in Bangladesh: Salman F Rahman

Prime Minister’s Adviser on Private Sector Salman F. Rahman has assured full support and cooperation to investors in the UAE in investing in Bangladesh. He said, I request all the distinguished guests present on the occasion, please come to Bangladesh. Take a look and invest. You will have a very good experience. You will get full support and […]

BSEC Chairman praises Walton for globalizing its operation

Bangladesh Securities and Exchange Commission chairman Shibli Rubayat-Ul-Islam said that Walton now was exporting products to many countries because of their products’ high quality and competitive price. The BSEC chairman made the remarks while addressing the second session of ‘Investment Flash Mob: Networking Dinner’ held at Emirates Palace Hotel in the United Arab Emirates’ capital […]

The Magic of Connectivity: The New Era of Trade

A New Era of Trade and Connectivity in Bangladesh Maritime transport shaped the course of human history. Facilitating the flow of goods and ideas by sea, trading nations drove economic growth, created wealth, and increased access to everything from food and medicine to technology. Nearly five millennia after the first major trade routes formed along […]

Bangladesh Launches First Green Bond

Bangladesh has approved its first green bond, to finance environmentally-friendly projects including renewables. The near-$12 million instruments has been floated by NGO the SAJIDA Foundation, which is owned by the Renata Ltd pharmaceuticals and animal health business spun out of the local branch of U.S. giant Pfizer in 1993. The SAJIDA Foundation, which received $7.5 […]