GPH Ispat Faces Losses Despite 25% Revenue Growth

Shares of The City Bank fell during the early session at the Dhaka Stock Exchange (DSE) on April 9 following reports of a potential merger with Basic Bank, a troubled state-owned lender. The news, circulating in various media outlets on April 8, caused City Bank's shares to drop by 2.62%, settling at Tk22.30 by 10 am. Market insiders indicate investor dissatisfaction with the merger news, expressing skepticism

Bangladesh's stock market indices faced significant declines amid heavy selling pressure fueled by concerns over potential fallout from Iran's attack on Israel. The DSEX, the Dhaka Stock Exchange's benchmark index, fell 85 points (1.45%) to close at 5,778, marking the first trading session post-Eid holiday. Other indices, including the DSES and DS30, also experienced drops. While some market experts reassured investors that the situation did not warrant panic, terrified selling persisted throughout the trading day, disrupting recent positive

Best Holdings Limited, the company behind the prestigious Le Meridian hotel in Dhaka, has been included in the DSEX, the key index of the Dhaka Stock Exchange (DSE). The addition, effective from April 12, 2024, follows Best Holdings meeting all criteria for inclusion in the quarterly IPO addition. Notably, no existing company was removed from the DSEX in the April update. However, no new company qualified for

SS Steel Limited plans to issue a Tk500 crore convertible bond to fund term loan repayments and factory modernization. The move aims to boost revenue by Tk2,000 crore annually through expanded production capacity. The company Secretary have stated the bond features would be unsecured, convertible, or redeemable with coupon payments, issued through private placement with a seven-year tenure. The decision follows

The Bangladesh Bank's plan to merge 10 weak banks aims to reduce default loans and clean balance sheets, targeting a drop in default loans to 5% by 2026. However, this move will pass on liabilities of Tk84,000 crore to healthier banks and ultimately taxpayers.

Fareast Finance and Investment Limited has been unable to return Tk1.08 crore in deposits to the Bangladesh Institute for Professional Development (BIPD) for six years. Despite multiple appeals to authorities, including the central bank and finance ministry, no solution has been reached.