Bangladeshi entities top SAFA award for best published annual reports
Star Business Desk
Star Business Desk
Bangladeshi entities have performed exceptionally well at the SAFA Best Published Annual Reports Award competition 2019 as they topped the list in eight categories for the south Asian region.
The companies were Bank Asia, Reliance Insurance, IDLC Finance, Orion Pharma, Grameenphone and Golden Harvest Agro Industries.
Moreover, Reliance Insurance was awarded as the overall winner , the Institute of Chartered Accountants of Bangladesh (ICAB) said in a statement yesterday.
SAFA is the association of the national chartered accountancy and cost and management accountancy institutions in the Saarc countries, namely Bangladesh, India, Pakistan, Nepal, Sri Lanka, Maldives and Afghanistan.
Foreign investors turn back on DSE as second wave looms
Foreign investors participation in Bangladesh s stock exchanges has been on the decline for the last several months as the second wave of the pandemic started taking its toll on global markets.
Foreign participation accounted for 3.09 per cent of the total transactions at the Dhaka Stock Exchange (DSE) in October, down from 4.36 per cent the month before and 5.20 per cent in August, according to DSE data.
In October, foreign investors transactions dropped 47 per cent to Tk 512.16 crore from Tk 971 crore in the previous month.
DSE s turnover also experienced a fall, hitting Tk 17,039 crore in October from Tk 22,257 crore in September.