Farhan Fardaus

Dhaka

Staff Correspondent at BD News 24

Jurnalist

Featured in: Favicon

bdnews24.com Favicon

thefinancialexpress.com.bd Favicon

htsyndication.com

Articles

Regulator decides against keeping cash dividends idle before AGM

1 week ago | thefinancialexpress.com.bd | Farhan Fardaus

FARHAN FARDAUS Published : Apr 15, 2025 18:28 Updated : Apr 15, 2025 18:28 The securities regulator has decided to change the rules tied to the handling of cash dividends paid by listed companies, including banks, aiming to facilitate efficient use of the funds and protect the interest of shareholders. Currently, when a company's board recommends a cash dividend, the equivalent cash must be deposited into a separate bank account within 10 days after the announcement.
IDRA should liquidate cos for insurance claims

1 month ago | thefinancialexpress.com.bd | Farhan Fardaus

Stakeholders in the insurance sector have proposed selling off assets of defaulting companies to settle customer claims against the backdrop of a further decline in claim settlement rates. Life insurance companies in the country settled 72.43 per cent of all claims in 2023, down from 74.28 per cent the year before, according to the latest data of the Insurance Development and Regulatory Authority (IDRA).
Merger is the answer to dysfunctional insurance industry: Studies

1 month ago | thefinancialexpress.com.bd | Farhan Fardaus

Stakeholders in the country's insurance sector have suggested that weak companies should be merged with better performers to ease competition and improve service quality. The recommendation has been made in a research paper recently submitted to the chief of the insurance regulator. Brig. Gen.
Sunlife Insurance yet to show promise, despite costs down under new owners

2 months ago | thefinancialexpress.com.bd | Farhan Fardaus

Sunlife Insurance has made some progress in reducing costs under its new ownership, but it has yet to achieve revenue growth to make an impact on its overall business performance. While the company is set to publish its financial results for 2024 soon, optimistic investors have already driven share price up by 43 per cent to Tk 75.4 each in the past 13 months following the ownership change in December 2023.
Dhaka bourse's faulty IPO list confuses market investors

2 months ago | thefinancialexpress.com.bd | Farhan Fardaus

Investors are kept in the dark about upcoming IPOs (Initial public offerings) for reasons unknown. The premier bourse, Dhaka Stock Exchange (DSE) -- is the primary access point for investors to plan future investments in IPOs. According to its website, there are 12 IPO proposals but the securities regulator, which is the ultimate regulatory body to approve IPOs, told The FE that only one IPO remains in the pipeline. The remaining 11 proposals have already been rejected.
Does Far Chemical's elevated status portray its true picture?

Jan 22, 2025 | thefinancialexpress.com.bd | Farhan Fardaus

Far Chemical Industries will be elevated to the status of B category stock from existing Z category as it has paid 1.0 per cent dividends to investors. Earlier, the stock market watchdog placed it on the list of junk stocks for the company's failure to disburse the dividends it had recommended. When a company is in the Z category, share transaction settlement takes a longer time. This gives investors a signal that the investment is risky.
T-bond transactions surge on DSE but still negligible in expanded market

Jan 7, 2025 | thefinancialexpress.com.bd | Farhan Fardaus

Trading in Treasury bonds on the Dhaka Stock Exchange (DSE) surged 55 per cent year-on-year to Tk 1.31 billion last year mainly due to higher interest rates and an easing of the transaction process through brokerage firms. The trade volume is still insignificant compared to the potential of the market, the size of which has surpassed Tk 3 trillion.
Kattali Textile to face the music for money laundering

Dec 1, 2024 | thefinancialexpress.com.bd | Farhan Fardaus

Kattali Textile has laundered money from the funds raised through its 2018 IPO, and now the stock market regulator has handed its investigation report to the CID for actions under the Money Laundering Prevention Act 2012. A primary investigation by the Bangladesh Securities and Exchange Commission (BSEC) identified the top brass of Kattali Textile as being involved in fund misappropriation.
Power producers risk wiping out investors' funds as expiry nears

Nov 26, 2024 | thefinancialexpress.com.bd | Farhan Fardaus

Eight listed power producers have been losing revenue as the government has moved away from quick rental plants to ease the burden of capacity charge payments and bring down the price of electricity. Quick rental power plants were a quick but temporary solution to the power crisis. So, allowing the listing of companies, which were meant to have a short life, was a wrong move. Except for Summit Power, the seven other companies listed between 2010 and 2021.
ICB makes unexpected recovery in Q4, relying on dull market

Nov 18, 2024 | htsyndication.com | Farhan Fardaus

Dhaka, Nov. 19 -- State-run Investment Corporation of Bangladesh (ICB) showed a 58 per cent lower profit for FY24, compared to the year before. However, it made a remarkable recovery from a loss of Tk 2.67 billion in the first nine months through March of FY24 to gain an annual income of Tk 0.33 billion by the end of the fourth quarter to June this year. "We have earned well in dividends, capital gains, and commission in the last quarter of FY24.