Mutual fund earnings fly as capital market rebounds The mutual fund industry is performing well and recommending impressive dividends for unitholders as the capital market bounced back in the last fiscal year. Market insiders say fund managers are seeing good earnings as they invested in undervalued stocks with high return
Read More3 key fast-track projects near end Padma Bridge, Payra Port and Dhaka Metro Rail-6 are among the fast-track projects nearing completion, whereas several others are witnessing a slower than expected implementation rate, according to a progress report. The Padma Multipurpose Bridge project, the largest bridge infrastructure in Bangladesh, had financial
Read MoreForex reserves cross record $48 billion mark The country’s foreign exchange reserves witnessed a new record crossing the $48 billion mark following the $1.45 billion financial assistance from the International Monetary Fund (IMF). In addition to remittances sent by expatriates, the IMF aid mainly contributed to the surge in forex
Read MoreDefault loan rates highest in shipbreaking, SME Shipbreaking and shipbuilding, small and medium enterprises, trading, agriculture and garment are the top five sectors that generated the highest level of bad loans in Bangladesh in 2020, official figures showed. Fund diversion by borrowers, lack of farsightedness among businesses when it came
Read MoreDBL on $650m expansion spree DBL Group, one of the leading exporters, is going to invest $650 million to set up 10 manufacturing units for textiles, ceramics, and sanitary ware at the Sreehatta Economic Zone in Moulvibazar. It made the disclosure during the foundation stone laying ceremony of the DBL
Read More