Deshbandhu Polymer Stock Soars by 88%

Bangladesh's plastic sector has seen robust export growth, with shipments rising by 21.25% in the first eight months of FY25, reaching $203.63 million compared to $166.59 million in the same period of FY24. This surge is attributed to rising global demand, diversified product offerings, and increased production capacity. European buyers are increasingly turning to Bangladesh as an alternative to China, creating opportunities for expansion

Four state-owned enterprises (SoEs) in Bangladesh reported cumulative losses of Tk 28,238 crore over 28 years due to inefficiencies. The Bangladesh Jute Mills Corporation (BJMC) closed 25 mills in 2020, incurring Tk 9,497 crore in losses over 28 years, with profits reported only once.

TRANSFORM, an impact accelerator led by Unilever, the UK Government, and EY, announced grants of up to BDT 10 million each for two Bangladeshi SMEs focused on climate resilience.

A proposed hike in gas prices by Petrobangla has sparked major concerns among industrialists in Bangladesh, fearing economic harm. Industrial leaders argue that the increase, if approved, could lead to factory closures, job losses, and reduced industrial output, harming economic growth and potentially causing social unrest.

In FY 2023-24, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) faced operating losses due to reduced trading, fewer IPOs, and increased costs. The DSE's core revenue of Tk 125 crore fell short of expenses, causing a Tk 20 crore loss, while the CSE incurred a Tk 10 crore loss with Tk 31 crore in core revenue.

SK Trims & Industries, a garment accessory manufacturer, experienced significant financial challenges in the first quarter of the 2024-25 financial year. The company reported a net loss of Tk 4.46 crore in the July-September quarter, contrasting with a Tk 4.29 crore profit from the same period last year.