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Islamic banks’ profitability shrinks in 2018

Shariah-based banks’ net profit margin declined to 2.2 percent in 2018 from 3 percent a year earlier at a time when the banking sector’s rose, found a recent study. The banking sector’s net profit margin improved to 3 percent from 2 percent last year, according to the study titled “Islamic …

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Bangladeshis will be richer than Indians by 2030: StanChart

Bangladeshis will be richer than Indians by 2030 as the country’s per capita income will grow nearly four times throughout the 2020s, according to Standard Chartered — in yet another endorsement of its tremendous growth momentum. The per capita income of Bangladesh will rise to $5,734.6 in 2030. India’s will …

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DSE turnover hits 13-month low

The stocks have continued to bleed on Dhaka Stock Exchange, pushing the turnover to a 13-month low yesterday despite a raft of measures from the government that aimed to revive the market. The turnover, an important indicator, dropped 17.59 percent to Tk 251.4 crore, the lowest since March 25, when …

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Trade war threat adds to Boeing woe

Already in crisis mode over the grounding of its top-selling 737 MAX aircraft, Boeing now finds itself at risk of becoming collateral damage in the US-China trade dispute. The editor of Communist party-owned Global Times newspaper said Monday that Boeing’s order book could take a hit as Beijing parries Washington …

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