Financial Performance of Bangladeshi SOEs July-April: Three-fourths of state-owned enterprises (SOEs) in Bangladesh posted profits in July-April of the current fiscal year but their success has been dimmed by those in the red.
The Bangladesh Petroleum Corporation (BPC) is expecting a loss of more than Tk500 crore due to higher fuel oil import costs and lower sales prices caused by the massive increase in the dollar exchange rate, according to sources from the state-run agency. The central bank implemented the "crawling peg" exchange rate system, raising the greenback price to Tk117 from Tk110 on 8
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