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Safko Spinning extends factory closure for third time

Photo: Collected Safko Spinning Mills has decided to extend the closure of its factory for

Prime Bank and BRAC Bank attracted the highest volume of foreign portfolio investments in July, while investors pulled back from BAT Bangladesh, Renata, and Reckitt Benckiser Bangladesh. According to Dhaka Stock Exchange (DSE) data, net foreign portfolio investment rose by about Tk250 crore in July. A total of 145 firms had foreign portfolio investments during the month, with investments increasing in 24 firms, decreasing in 27, and remaining unchanged in 94. Foreigners bought the largest volume of shares in Prime Bank, followed by BRAC Bank, IDLC Finance, Marico, and Uttara Bank. Purchases included Tk233 crore in BRAC Bank shares, Tk78 crore in Prime Bank, Tk19 crore in IDLC Finance, Tk11 crore in Marico, and Tk3.92 crore in Uttara Bank. On the other hand, they sold a significant number of shares in BAT Bangladesh, Renata, Reckitt Benckiser, and United Commercial Bank. Sales included Tk48 crore from BAT Bangladesh, Tk29 crore from Renata, Tk15 crore from UCB, and Tk8 crore from Olympic Industries. The Business Standard Google News Keep updated, follow The Business Standard's Google news channel Analysts noted that foreign investors prefer firms with Strong business potential and good governance. However, because of the large number of so-called "junk stocks" in the market, foreign investment tends to concentrate in only a few companies. They also pointed out that investors consider Bangladesh's broader economic outlook. Challenges such as macroeconomic instability, weak reserves, currency market volatility, and political unrest could discourage foreign inflows. MSCI in its June '25 review said the floor price restriction imposed in July 2022 has been gradually lifted for the securities by the BSEC. Yet, two listed securities retained the restriction then, while market participants had reported delays in capital repatriation due to low liquidity in the onshore foreign exchange market. "As a result of these market accessibility issues, MSCI will continue to apply the special treatment introduced in February 2023," it added. "This special treatment defers index review changes and the implementation of corporate events aiming to reduce the number of potential changes in the MSCI Bangladesh Indexes and mitigate concerns on index replicability." "MSCI continues to welcome feedback on the accessibility of the Bangladesh market and may consult with market participants in case of further developments," it said. Earlier, in September last year, In its September review, FTSE Russell, a concern of the London Stock Exchange Group and one of the world's leading market analytics and index providers, said that with the Bangladesh Securities and Exchange Commission (BSEC) removing the floor price for all stocks except Beximco Limited and Islami Bank Bangladesh, it will evaluate all other Bangladeshi securities for FTSE index eligibility based on their criteria for the September 2024 reviews. "FTSE Russell continues to engage with the BSEC to confirm when the restrictions will be lifted on the two outstanding," it added. Speaking at the Foreign Investors Summit 2025 on 13 August, organised by BRAC EPL Stock Brokerage, Anisuzzaman Chowdhury, Special Assistant for Economic Affairs to the Chief Adviser, said that unlike many countries, Bangladesh has not faced an economic crisis despite recent political changes. He noted that GDP growth has remained stable while inflation has declined. "In the context of the global economy, the July performance of Bangladesh's capital market shows that our economy is stable," Chowdhury said. "Amid a rally in global stock markets, Bangladesh ranked third in global market gains. This is remarkable for a market that was once plagued by plunder." Calling on investors, he added: "Now is a good time to invest in Bangladesh. Our capital market is ready for long-term investments. This is a message not only for foreign investors but also for domestic ones." By the end of July, leading firms with the highest levels of foreign portfolio investment included BRAC Bank (35.5%), Olympic Industries (33.96%), Beximco Pharma (27.55%), Navana Pharma (19.64%), Renata (19.43%), and Islami Bank (17.88%). A managing director of a leading brokerage firm said, "Foreign investors generally invest for the long term. For this reason, they analyze a company's financials, management, and transparency before making investment decisions. From this perspective, the number of such companies in our country is not very high. That is why foreign investment in the stock market is still relatively low." He also added, "Among foreign fund managers in our country, Brummer and Partners is the largest, managing nearly Tk2,000 crore in funds. In addition, Asian Frontier Capital manages some funds as well." At the Foreign Investors Summit 2025, Takao Hirose, managing director of Contextual Investment LLC, delivered a candid message to Bangladesh: political stability and inclusivity are non-negotiable if the country hopes to attract long-term foreign capital. Hirose was direct about the nature of global investors. "We are fast money, we are greedy money, and we are aggressive — but we are capricious," he warned. "The moment we see you going out of control, we will go back to Japan. No violence, please. Differences of opinion are fine, but work them out. You are being watched by international investors — do not scare them off," he said. He cautioned that foreign investment can act as a "turbocharger" for growth but can also be "a tremendously disruptive negative force" if instability takes root. "When foreigners come into your market, be careful what you wish for," he said, underscoring that stability is the price of retaining investor confidence. He cautioned against overreliance on foreign capital without a strong domestic investor base, likening it to a "Faustian bargain" — accelerated growth in exchange for diminished control over capital markets. "You need a sound and robust domestic investor base. The depth of your market must be deeper," he said. Ruchir Desai, fund manager at Asia Frontier Investments Limited, echoed the importance of stability, drawing comparisons between Bangladesh and Sri Lanka. Desai noted that Bangladesh's foreign investor confidence began waning around the 2018–19 fiscal year due to regulatory overhangs, interest rate caps, and stock market shutdowns. "Confidence is critical," Desai said. "You can have great companies and demographics, but without stability, the economy will not take off." For Bangladesh, he sees positive signs: inflation easing, exports rebounding, remittances strong, and valuations low. "The platform has been set. If you can build a stable political and policy environment, nothing should stop Bangladesh from meeting its potential over the next five to six years," he said. Meanwhile, another analyst said, "Listed multinational firms paid a record dividend for 2024, mainly driven by a stable exchange rate and strong foreign exchange reserves. In contrast, for 2023, they paid lower dividends and, in some cases, could not repatriate their declared dividends on time, primarily due to an unstable forex market and currency shortages. This year, however, Bangladesh has managed to overcome the crisis, which has encouraged foreign investment," he added. A brokerage firm MD said, foreign investors have been net sellers at the DSE since 2018. The Bangladesh Bank's interest rate cap, the 55-day trading suspension in 2020, and the prolonged floor price restrictions, implemented twice, have heightened their concerns about Bangladesh, as they prefer an unrestricted market environment. DSE Chairman Mominul Islam said at the foreign investor summit, our key priority is ensuring the regulator's complete independence. "Unlike before, regulators no longer intervene in the daily operations of the market. Legal reforms have been designed accordingly, addressing complaints that were especially common among foreign investors," he added. Bangladeshi Stocks, however, are yet to get rid of the "special treatment" by the US-based analytics and index provider MSCI that started at a similar time last year.

Foreigners prefer BRAC Bank, Prime Bank in July but pull back from BAT, Renata, Reckitt

Analysts noted that foreign investors prefer firms with Strong business potential and good governance. Infographic:

Stocks extended its gaining streak for a second consecutive session on Sunday, buoyed by a rebound in investor sentiment. Investors renewed their buying appetite, especially for banking and textile stocks, amid optimism ahead of the earnings season, market analysts said. The market began on a highly positive note and the momentum sustained throughout the session, pushing the benchmark index higher. DSEX, the prime index of the Dhaka Stock Exchange (DSE), finally settled the day 51.24 points higher at 5,401.49. Five companies together made the most contributions -- 24.8 points -- to the rise of the index. They are Islami Bank, City Bank, Beximco Pharmaceuticals, Pubali Bank and Al-Arafah Bank. The blue-chip DS30 index, comprising 30 leading companies, rose 22.13 points to 2,096, while the DSES index, representing Shariah-compliant companies, climbed 9.41 points to 1,172.57.

Stocks gain for second day

Stocks extended its gaining streak for a second consecutive session on Sunday, buoyed by a

Pick potential countries, regions forthwith for deals on free trade

Pick potential countries, regions forthwith for deals on free trade

Bangladesh should pick priorities of negotiation and countries or regions signing free-trade agreement (FTA) with

The Public-Private Partnership (PPP) Authority welcomed on Wednesday a consultation mission led by Monica Mei V. Carino-Young from the Asian Development Bank (ADB) to discuss innovative partnership opportunities aimed at improving the quality of life for rural communities in Bangladesh, says a press release. In the meeting with Muhammad Rafiqul Islam, Chief Executive Officer (Secretary) of the PPP Authority, the ADB delegation expressed keen interest in supporting affordable housing projects for lower and middle-income families in rural areas. The discussion centered on utilising the PPP model to attract private investment while ensuring affordability, sustainability and long-term community benefit. The ADB team also sought co-operation to explore the installation of solar power generation facilities along the N8 Highway (Dhaka- Mawa- Bhanga), which would contribute to Bangladesh's renewable energy capacity, reduce carbon emissions and promote energy access in underserved regions. Muhammad Rafiqul Islam emphasised the importance of these initiatives in aligning with Bangladesh's development priorities.

PPP Authority, ADB explore rural housing & solar energy for BD

The Public-Private Partnership (PPP) Authority welcomed on Wednesday a consultation mission led by Monica Mei

CHATTOGRAM, Aug 13: Chattogram port reported significant growth in its revenue income and the income surplus also increased in the fiscal year (FY) 2024-25, reflecting strong operational performance despite concerns of disruption following last year's July uprising. The port handled record container volumes, improved efficiency, and made substantial contributions to the national exchequer. According to the Chattogram Port Authority (CPA), FY25 marked the highest container handling figures in the port's 48-year history. Container throughput grew 4 per cent, with 32,96,067 TEUs (twenty-foot equivalent units) handled-an increase of 1,27,377 TEUs from the previous year's 31,68,690 TEUs. In the 2024 calendar year, container handling rose 7.42 per cent year-on-year, while total cargo throughput grew 3.11 per cent -- both historic highs. Despite challenges, including political unrest, floods, transport strikes, and temporary customs shutdowns, vessels' waiting time was reduced to an average of just one day. CPA also reported strong financial performance, with total revenue rising 8.22 per cent to Tk 52.28 billion from Tk 48.30 billion in FY24. Even with a 9.45 per cent increase in expenditure, the revenue surplus grew 7.27 per cent, reaching Tk 29.13 billion. Over the last five years, CPA contributed Tk 72.03 billion to the national exchequer, with the highest annual contribution of Tk 17.65 billion recorded in FY25. Expansion Projects Underway The CPA is pursuing a broad modernisation and expansion programme to increase capacity and strengthen Chattogram's position as a regional trade hub. Key projects include the Bay Terminal, Matarbari Deep Sea Port, Laldia Container Terminal, New Mooring Container Terminal, the Green Channel initiative, and a CPA-facilitated Free Trade Zone. Many of these projects accelerated after the July uprising and are expected to transform Bangladesh's maritime economy. CPA Chairman Rear Admiral SM Monriuzzaman credited the port's success to a multi-pronged modernisation strategy, combining automation, process simplification, and infrastructure upgrades. "Chattogram port has significantly improved operational efficiency through measures like e-gate passes, online payment systems, and an upcoming online agent desk," he told The Financial Express. "We have procured new cranes, expanded draft depth, and streamlined documentation -- reducing vessel waiting time to one day on average, with 60-65 per cent of ships berthing on arrival." He added that Chattogram port handles over 90 per cent of Bangladesh's import-export trade and 98 per cent of Bangladesh-bound containers, making it the country's primary gateway to global markets. "As a centre of global connectivity, Chattogram port is critical to the sustainable economic future of Bangladesh," he said.

Ctg port sees revenue rise in FY25

CHATTOGRAM, Aug 13: Chattogram port reported significant growth in its revenue income and the income

Shipping Corp to acquire Tk934cr bulk carriers from US firm Hellenic

Shipping Corp to acquire Tk934cr bulk carriers from US firm Hellenic

Cabinet committee on govt purchase approved the procurement proposal Infographics: TBS Bangladesh Shipping Corporation (BSC),

Experts urge govt to delay LDC graduation

Experts have urged the government to consider delaying Bangladesh’s graduation from Least-Developed Country (LDC) status

ICB AMCL pooled funds eye recovery in FY26 after prolonged slump

Unitholders of pooled funds managed by the ICB Asset Management Company Ltd did not receive

Shipping Corporation’s revenue to ‘rise 25pc with two new ships

The state-owned Bangladesh Shipping Corporation (BSC) is going to invest Tk 9.5 billion from its