Submarine Cable Company’s Profit jumps eightfold Bangladesh Submarine Cable Company Ltd’s [BSCCL] net profit climbed eight times last fiscal year, on the back of a boost in bandwidth usage through a second undersea cable. The state-run cable company’s net profit rose to Tk 58.58 crore in 2018-19 from Tk 7.33

Surplus funds in banks hit Tk 1.0tn Banks’ excess liquidity has crossed the Tk 1.0 trillion-mark again, fuelled by lower private credit growth in a sign that the investment situation has cooled. Surplus cash surged by nearly 19 per cent to Tk 1,056.46 billion as on December 31, 2019 from

Ten cos grab 28pc transaction of DSE Ten most-traded companies captured more than 28 per cent transactions on the Dhaka Stock Exchange Monday. Khulna Power Company topped the list for the two straight sessions. Market analysts said investors showed their appetite on Khulna Power shares amid higher dividend expectations as

Deposits with bank yield negative earnings Cash savers now lose out on their deposits with the country’s commercial banks as the rates of interest on all kinds of deposits have fallen to such an extent that counts negative. On the other hand, the bankers are still charging high on the

Remittance up 10.28pc as Banks offer higher rate: Syed Mahbub, Chairman, ABB Inward remittances edged up 10.28 percent year-on-year to $11.87 billion in nine months to March this year thanks to the steady depreciation of the taka against the US dollar. As per the bankers, majority of the banks have