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Listed companies sprint to pre-Covid profit level

Listed companies sprint to pre-Covid profit level Combined profit of the majority of the listed companies surpassed the pre-Covid level in October-December quarter, pointing to a fast rebound in business and economic activities. An analysis of 185 listed companies representing pharmaceuticals, fuel and power, textile and apparel, IT and telecom, steel, cement, ceramic, automotive, leather, food and consumer goods showed that the combined profits rose 26 per cent year-on-year to Tk 3,758 crore in the last quarter of 2020. The cumulative profit was Tk 3,252 crore in the July-September period because of a pickup in business and consumer confidence, thanks to the reopening of the economy following a strict nationwide shutdown in April and May.

Philippine telco Globe feted at Asean Corporate Governance Scorecard

MANILA (Philippine Daily Inquirer/ANN): Globe dominated the Asean Corporate Governance Scorecard (ACGS) in a virtual awarding ceremony held on Friday (Jan 29). The Securities and Exchange Commission (SEC) with the Institute of Corporate Directors (ICD) recognised Globe and other Philippine companies which excelled in the 2019 ACGS assessment. Globe won in all prestigious award categories, being the lone telco to do so, among publicly listed firms in six of the participating Asean member countries – namely Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines. “Corporate Governance plays a significant role in the Globe Purpose. Our vision mission and core values are manifestations of how engrained corporate governance is in the business, ” said Globe President and CEO Ernest Cu.

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