Political tension hits much-preferred multinational stocks
Listed foreign companies passed another tough year, with their stocks suffering further erosion in market value due to investors' apathy in making fresh investments. A major reason is the exodus of foreign investors from Bangladesh's secondary market. Overseas investors mostly prefer multinational companies when they decide to enter Bangladesh's equity...
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Al-Haj Textile Mills posts remarkable recovery in delayed FY24 results
Listed yarn manufacturer Al-Haj Textile Mills reported a miraculous comeback in its more than one-year-late declaration of FY24 results, showing a profit of Tk 224.55 million after a significant loss in the first nine months of the year.The time to announce even FY25 results has already passed by about three...
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PUBALI BANK HOLDS MANAGERS'CONFERENCE OF DHAKA CENTRAL REGION
Pubali Bank's 5th Managers' Conference-2025, participated by all managers of Dhaka central region, was held recently to motivate them to increase the bank's business by improving services. Pubali Bank Managing Director and CEO Mohammad Ali was present as chief guest at the conference. Deputy General Manager and Division Head of...
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PRIME BANK, FLOWCO BANGLADESH COLLABORATE TO ENABLE GREEN FINANCING
Prime Bank and Flowco Bangladesh Limited signed a memorandum of understanding (MoU) to introduce dedicated green financing facilities for petrol pump owners across Bangladesh. Under this agreement, Prime Bank will provide tailored green financing solutions to eligible petrol station owners. These financial products are designed to implement advanced fuel tank...
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CITIZENS BANK INAUGURATES MALKHANAGAR BRANCH
Citizens Bank Managing Director Alamgir Hossain formally inaugurated Malkhanagar branch at Sirajdikhan, Munshiganj on Monday in the presence of deputy managing directors Md. Mostafizur Rahman and Md. Abdul Latif and other high officials of the bank.
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BANK ASIA CELEBRATES 17TH ANNIVERSARY OF ISLAMIC BANKING SERVICES
Bank Asia organised a discussion meeting and dua mahfil on the occasion of the 17th anniversary of its Islamic banking services on December 24 at Bank Asia Tower, Karwan Bazar, Dhaka. Shariah Supervisory Committee former chairman Mufti Shahed Rahmani; former member secretary Mawlana Shah Mohammad Wali Ullah; Faqih Member Mawlana...
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China's LandSpace gears up to take on Elon Musk and SpaceX
HUZHOU, Dec 29 (Reuters): China's rocket startup LandSpace has made no secret about drawing inspiration from Elon Musk's SpaceX.Earlier this month, the Beijing-based firm became the first Chinese entity to conduct a reusable rocket test. That put SpaceX on alert and LandSpace is now preparing to go public to fund...
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