Listed private power producers face earnings pressure amid policy shift
Listed private power producers are beginning to absorb a shock that is set to deepen as the government pivots away from costly rental and furnace oil-based plants toward LNG, coal, and renewable energy.The companies-except for Shahjibazar Power Co and Energypac Power Generation-witnessed a fall in revenue in the third quarter...
Read more
Trading licence of Sonali Securities revoked
FE REPORTThe Dhaka Stock Exchange (DSE) has revoked the Trading Right Entitlement Certificate (TREC) licence of Sonali Securities for violating securities rules relating to minimum capital requirements.The prime bourse on Tuesday announced the regulatory decision on its website, saying the brokerage firm failed to maintain the required capital for trading...
Read more
MTB CAPITAL INAUGURATES ITS RELOCATED DHAKA OFFICE -
MTB CAPITAL INAUGURATES ITS RELOCATED DHAKA OFFICE MTB Capital, a subsidiary of Mutual Trust Bank(MTB), has officially inaugurated its relocated corporate office at Level-7, Ejab Flora Unity Tower, 42 Mohakhali Commercial Area, Dhaka 1212. The office was previously located at Chandrashila Suvastu Tower, Panthapath, Dhaka 1205. The inauguration was held...
Read more
Rupee hits record low as economic worries mount on renewed US-Iran tensions
MUMBAI, May 5 (Reuters): The Indian rupee slid to a record low on Tuesday as a fragile truce in the Middle East came under strain after the U.S. and Iran launched new attacks to wrestle for control of the Strait of Hormuz, a key artery for global energy supplies.The currency...
Read more
PRIME BANK INVESTMENT, KBCCI ENTER STRATEGIC PARTNERSHIP
PRIME BANK INVESTMENT, KBCCI ENTER STRATEGIC PARTNERSHIP Prime Bank Investment and the Korea Bangladesh Chamber of Commerce & Industry have entered into a strategic partnership to advance capital market access for KBCCI members, facilitate potential Korean investment inflows into Bangladesh, and promote structured financial solutions for the Bangladeshi diaspora residing...
Read more
Global stocks gain as investors take heart from upbeat earnings
Global stocks rose on Tuesday, taking some heart from a series of robust earnings, while simmering hostilities between the U.S. and Iran over the Strait of Hormuz kept the oil price well above $100 a barrel, reports Reuters.Traders also had their eyes on the yen after the Japanese currency briefly...
Read more
