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Md Mahiul Islam, DMD of Brac Bank PLC and Salim Khan Surattee, assistant vice president of Mana Bay Water Park, exchange document after signing a MoU at the bank’s head office in the capital recently.

Md Mahiul Islam, DMD of Brac Bank PLC and Salim Khan Surattee, assistant vice president of Mana Bay Water Park, exchange document after signing a MoU at the bank's head office in the capital recently.
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Tightening of overdue loan classification will strain banks’ profitability: Moody’s

Reuters : Moody’s, the international credit rating agency, on Tuesday said they expected the tightening of overdue recognition for fixed-term loans to result in increases in nonperforming loans and provisions. This, they believe, will strain banks’ profitability in the near term. They made the disclosure in a report released on Tuesday. On 9 April, the Bangladesh Bank finally reinstated its loan classification rule of 2012 by cutting the overdue time of a term loan by three months in line with...

Renata’s profit grows by 21pc in Q3

Business Report : Renata Limited – a manufacturer of pharmaceuticals and animal health products – has reported a 21.4% growth in profit and while its revenue grew by 9% in the January to March quarter of the current fiscal year over the same time of the previous fiscal year. During the Q3, it logged Tk72.62 crore profit, and Tk921.844 crore revenue, according to its consolidated interim financial statements for the nine months. However, its revenue grew by 14% to Tk2781.46...

Stock investors’ capital gains won’t be taxed: BSEC chairman

Business Report : Individual investors’ capital gains from stocks will not be taxed, said Professor Shibli Rubayat Ul Islam, chairman of The Bangladesh Securities and Exchange Commission (BSEC). The International Monetary Fund (IMF) prescription to tax individual investors’ capital gains from listed securities, among many others, would not be possible to implement in the present context of Bangladesh, he said while talking to representatives of the Capital Market Journalists Forum (CMJF) at his office on Tuesday. “I had talks with...