Investors lose Tk 365b as stocks extend losses for fifth week
The benchmark equity index continued its downward spiral, plunging to its lowest level in more than four months this week, as jittery investors weighed the impacts of the policy rate hike amid economic slowdown. It is the fifth straight week of losses for the benchmark DSEX index of Dhaka Stock...
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ADN Telecom's profit drops 42pc despite record revenue
The net profit of ADN Telecom tumbled 42 per cent year-on-year to Tk 149 million for FY'24, owing to increased business expenses and high borrowing costs amid rising interest rates.This is the lowest profit for the IT and telecommunication service provider since its listing in 2020, although it reported record...
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SOUTHEAST BANK WORKSHOP ON 'FINGERPRINT VERIFICATION SOLUTION'
Southeast Bank PLC organised a daylong hands-on workshop on 'Fingerprint Verification Solution (FVS)' on Thursday. Managing Director of the bank Nuruddin Md. Sadeque Hossain attended the closing ceremony. He emphasised the importance of using the software to prevent fake loan disbursement. Sayma Banu, Director of Training Institute, and Kazi Md....
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Global money market funds attract large inflows on election-driven caution
Global investors channelised large investments into the safety of money market funds in the week through October 23 on caution over the upcoming elections in the United States and Japan, and the shift in the outlook for US interest rates, reports Reuters.According to LSEG Lipper data, investors racked up a...
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