Petrobangla Faces Fund Shortage Amidst LNG Import Pressure

Mercantile Bank PLC, listed on the stock market, has declared a 10% cash dividend for investors for the fiscal year ending December 31, 2023. The bank's earnings per share (EPS) decreased by 12.26% to Tk 1.86, compared to Tk 2.12 in the previous fiscal year. As of December 31, 2023, the bank's net asset value per share (NAVPS) stood at Tk 23.91, up from Tk 23.71 in the previous year. Additionally, the bank's

The issue of unpaid bills for electricity import from India, amounting to Tk 60 thousand crores as of the end of last January, has put significant strain on Bangladesh's finances. The government's efforts to address this challenge, including releasing subsidy funds and issuing special bonds, have been insufficient to cover the outstanding liabilities.

ADN Telecom's decision to establish manufacturing facilities for telecommunication devices locally in Bangladesh reflects a strategic move towards reducing import dependency and promoting domestic production in the telecommunications sector. By availing land at the Bangabandhu Sheikh Mujib Hi-Tech Park in Sylhet, the company aims to leverage the benefits of a specialized industrial zone to develop facilities of international standards.

MJL Bangladesh Plc, Corporate Director of Prime Bank Plc, has disclosed plans to purchase 2,02,00,000 shares of Prime Bank from the block market of Dhaka Stock Exchange (DSE) within 30 working days at prevailing market prices, as per DSE sources. Prime Bank, with an authorized capital of Tk 2,500 crore and a paid-up capital of Tk 1,132,280,000, boasts a reserve of Tk 1,963,590,000. The bank's total shares amount

The closure of Bhola's 34.5 MW rental power plant three months ago due to mechanical failure has plunged the district into a prolonged period of darkness and load shedding. The West Zone Power Distribution Company (Ozopadico) has been struggling to meet the electricity demand through the national grid, leading to frequent power outages. This situation has exacerbated the impact of the current heatwave on the people of Bhola, making daily life unbearable.

In a landmark achievement, Dutch-Bangla Bank reported a historic profit in 2023, crossing the Tk800 crore milestone for the first time. The bank disclosed a remarkable profit of Tk801 crore, showcasing a remarkable 42% surge from the preceding year. Notably, its earnings per share escalated to Tk10.72 compared to Tk7.57 in the prior year. Reflecting its robust performance, the bank proposed a generous 17.50%