Bangladesh is already one of the top 10 markets for Bata Shoe but its Chief Executive Officer Sandeep Kataria thinks the country offers further growth opportunities for the multinational company.
The mutual fund industry in Bangladesh, with assets exceeding Tk16,000 crore, aims to generate long-term wealth for its investors through risk-adjusted strategies. It tends to concentrate its investments in a select number of investment-grade stocks. At the forefront of this strategy is Renata, the descendant of Pfizer following its divestment in Bangladesh.
Most of the listed multinational companies operating in Bangladesh witnessed higher profits and sales in the April-to-June quarter despite persisting economic challenges at home and abroad, inflationary pressures and higher raw materials prices.