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Nasdaq Index |
S & P 500 Index |
DSE's
Most Active Stocks |
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Symbol |
Price |
Change |
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Volume |
Vol change |
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AIMS1STMF |
9.58 |
-0.93% |
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2,695,000 |
137,500 |
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GRAMEEN1 |
120.80 |
-1.06% |
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670,500 |
1,000 |
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BEXTEX |
17.90 |
-0.55 |
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470,800 |
-11,000 |
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BXPHARMA |
61.80 |
1.98 |
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334,200 |
-89,900 |
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QSMDRYCELL |
30.60 |
-2.85% |
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286,000 |
-24,800 |
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BDCOM |
24.70 |
-4.26% |
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241,000 |
-104,000 |
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CSE Market
Index |
DSE Market
Index |
DSI 30days
index Graph DSE 30days Index Graph |
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Name |
Index |
Change % |
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CASPI |
8913.4735 |
-2.2441% |
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CSE-30 |
7732.9568 |
-2.2503% |
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CSCX |
5825.4808 |
-2.3136% |
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Trading Vol |
8,219,330 Vol, & value $ 12.54 mil of shares |
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Name |
Index |
Change % |
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DSI |
2426.3974 |
-2.4317% |
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Gen Index |
2928.3755 |
-2.4321% |
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DSE-20 |
2435.5906 |
-2.0479% |
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Trading Vol |
35,517,991 vol & value $ 76.34 mil of shares |
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"Where
is
the
wisdom
we
have
lost
in
knowledge?
Where
is
the
knowledge
we
have
lost
in
information?"-TS
E.
"Wisdom
&
knowledge
shall
be
the
stability
of
thy
Times"--RF.
Knowledge
&
wisdom
do
not
drop
out
of
the
sky,
work
is
required.
We
only
learn
by
applying
our
hearts... |
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Bangladesh Stock Market Lures Investors Hungry For Next Vietnam
Oct. 9 (Bloomberg) -- Yawer Sayeed returned to his native Bangladesh from Australia to set up a money-management company in 1999. After eight lean years his business is booming.
A military-backed government in place since January has lured investors by pledging to sell state enterprises and arresting about 150 former officials to fight corruption. The Dhaka Stock Exchange Index is at a 10-year high, up 66 percent this year, making it Asia's top performer after China..click here More news
http://www.bloomberg.com/apps/news?pid=20601109&sid=ajYCq0jTs6Fo&refer=home
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Takaful Islami Insurance's IPOs: 1. General Application 2. Non-resident Bangladeshi 3. Mutual Fund 4 Bank Code
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Bangladesh growth potential re-affirmed at Harvard--Mamun Rashid (Daily Star)
Bangladesh stands out among developing nations, courtesy of a few positive aspects that clearly differentiates it from other nations in similar phases of economic development. Its substantial human resources, cheap labour, diverse foreign investment opportunities, the prospect of doubling foreign remittances, its proactive civil society and many achievements of its vast network of NGOs, and a rapidly expanding private sector, make it clear that Bangladesh has the potential for an extremely bright future.
Among its many peers, Bangladesh is perhaps unique with its `society centric' nature. These were reiterated by two of Bangladesh's ambassadors' to the United States, one present and one former, Ambassador Humayun Kabir and Ambassador Farooq Sobhan, at the two-day long first ever Bangladeshi conference at perhaps the most prominent seat of higher learning - Harvard University.
Ambassador Kabir, unlike many of our `too articulate' envoys was focused on saying, ”In Bangladesh, we are currently passing through a complex process of rediscovering our soul, and in the process, reinventing our identity as a modern and moderate nation. Two interlocking priorities are now defining our future. One is the effort to strengthen democracy and the other is to create and maintain decent economic opportunities for our people in an environment of peace and harmony. While our egalitarian social structure represents the solid foundation for democracy in Bangladesh, there is clear consensus that only democratic governance may lift Bangladesh to a middle income country."
He added, “The logic is simple. Being a society centric nation with incredible entrepreneurial ability of individuals, only all-inclusive and participatory democracy at all levels can effectively channel the enormous energy, creativity and dynamism of the common people towards good governance and true development. “
Another speaker, Syed Saad Andaleeb, who teaches marketing at Pennsylvania University, also emphasized the need for good governance. In marketing parlance, where customer satisfaction and loyalty get prime billing, it is said that marketing is not the job of the marketing department alone; everyone in the organization must work to deliver customer satisfaction. In nation building similarly everyone must play their part; school teachers and professors must work seriously everyday to nurture the nation's talent, doctors must not be caught moonlighting, judges must deliver justice, policeman must maintain law and order, companies and individuals must pay their taxes. If everyone plays by the rules of society, doing what they are supposed to do instead of looking over their shoulders to check on others, we will have made immediate and enormous progress.”
His colleague from Columbia, Dr. Rounaq Jahan echoed the same tone` “If we are always appraised by our students every year on our teaching quality, our politicians possibly deserve it more and they should take it in good spirit and make corrective measures.”
Other speakers like the former chief tax collector, Dr. Mashiur Rahman, and the editor of Prothom Alo, Matiur Rahman, both agreed that rights to dissent and opposition are the basic preambles of democracy and intellectually and morally inspired political leadership can only take us forward to the next trajectory of growth.
Bangladeshi scholars from Bangladesh, North America, Australia and Europe, all agreed that Bangladesh has a bright future, provided the people `who matter' come forward with a `few immediate fixes', clear all bottlenecks towards wealth creation and ensure distribution through better governance and an accountable political regime.
However this is not something new that we didn't know. What's new is Bangladesh is coming onto the radar of the 'biggies'. The 'biggies' are getting increasingly engaged in the possible future of Bangladesh. The resilience of Bangladesh and its success despite numerous adversities, has shown them that the country has a future, perhaps even a bright one, emanating from a tolerant society, disciplined and young workforce, people ready to sacrifice democracy for the time being to restore democracy in its true form and a `no bullshit' entrepreneur class truly focused on wealth creation and able to make best use of the resources available. In January this year, Bangladeshi executives working for the Wall Street corporations highlighted this and now the Harvard conference on the 13th and 14th June only re-affirmed that Bangladesh truly has a bright future, provided we play the game well. The writer is a banker and economic analyst. This article was prepared with the assistance of Mahmood Akhter working with a Harvard affiliate
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The feeling is mutual ------M. Imtiaz Mazumder (sept 1st)
THE SEC implemented revised mutual fund regulations on July 22. According to the amended rule, mutual funds are prohibited from issuing new shares either in the form of right or bonus shares to increase their capital bases.
The SEC also imposed restrictions on mutual funds asking them not to offer pre-emptive rights shares or private placement. This implies that mutual fund shares should be offered and sold to the public through brokers/dealers but not to a pre-selected buyer or a group of buyers.
The SEC's decision to amend fund rules brought numerous investors into the street as most of the mutual funds lost value (in some cases more than 20% in a single trading session) during that volatile market (late June to mid-July) and worried investors began demonstrating against the officials of SEC...More
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Introducing financial trading rooms in business schools-------M. Imtiaz Mazumder
MOST of the public and private universities in Bangladesh offer both undergraduate and graduate degrees (BBA, MBA etc.) with major concentration in Business, Finance and Accounting. However, none is aware of whether these universities offer courses on stock trading and market micro-structure. The price discovery process of stocks is discussed theoretically and empirically in a 'market micro-structure and equity trading' course. Students may learn about investing in an 'investment and portfolio theory' course. But, stock trading is different from investing. However, both converge in the long run because portfolio managers trade to convert an investment decision to a portfolio position. Since many of these Finance and Accounting graduates will build their career as professional portfolio managers, buy/sell side analysts, investment bankers etc., it is important that they receive class-room training and experiment on real-life stock trading. An introduction of financial trading room in business schools of these universities will offer students a balance between theory and practice..more
Bangladesh to keep enjoying GSP facilities in US
Foreign Affairs Adviser Dr Iftekhar Ahmed Chowdhury yesterday said Bangladesh would "continue to enjoy the GSP facilities as before” in the United States.
The adviser said the news came to him as the US authorities informed the Bangladesh mission in Washington about the latest decision.
"For now, I can say that the continuation of GSP facilities is a good news for Bangladesh,” the adviser told reporters at the ministry. “We will continue to work diplomatically with our American friends for further extension...more
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Local Business News
from The Daily Star
No more cheap SIM cards
Mobile phone operators have
reduced subsidy on SIM cards, putting their plan to connect
people in rural areas at risk
Air Asia may fly from Dhaka
The government is likely to allow
operation of low-cost airline, Air Asia Berhad, from Dhaka
DSE market capitalisation crosses Tk 1
trillion mark
The market capitalisation of Dhaka
Stock Exchange yesterday reached Tk Tk 1,00,970 crore (over
Tk 1 trillion) for the first time on the trading debut of
First Security Bank shares
Dhaka to host int’l quality control
conference
Bangladesh will host the 33rd
conference of the International Convention on Quality
Control Circles in Dhaka on October 23-26, organisers said
yesterday
Made in Bangladesh fair in New York Oct 17-19
A Bangladeshi product-based
exhibition styled 'Made in Bangladesh' will be held in New
York October 17-19 for promoting the country's world-class
commodities in the United States
NBR honours 316 taxpayers
The National Board of Revenue (NBR)
yesterday awarded 316 taxpayers of six divisions to
recognise and appreciate their contribution to the national
exchequer as it celebrated the first National Income Tax Day
Gazipur RMG units go back to production
The Gazipur based garment factory
owners, some of whom were affected by the month-long labour
unrest in August, are now upbeat on fulfilling this year's
export target of their produces, expressing their
satisfaction over the government measures to keep law and
order situation under control
100-day job scheme starts for 20 lakh poor
The government yesterday launched
a 100-day employment generation scheme for 20 lakh hardcore
poor across the country to mitigate their sufferings during
lean season
SEC fines directors of twin companies
The stock market regulator has
fined 10 directors of two listed companies on charges of
violating securities laws
Stocks close almost flat for second day
Dhaka stocks closed almost flat
for a second day with prices of majority shares going down
WB recognises two Bangladesh reforms
The World Bank (WB) for the first
time has recognised two regulatory reforms carried out by
Bangladesh between June 2007 and June 2008, according to
Doing Business 2009 survey released yesterday
Lone firm shines in diamond cutting
Diamonds cut and polished in
Bangladesh have grabbed the limelight on the international
market
Saleh Carpet trade on DSE suspended
Dhaka Stock Exchange suspended
yesterday the trading of Saleh Carpet, a listed company
belonging to Z category, on finding some irregularities in
the company
FBCCI urges businessmen to keep prices within
people's reach
The FBCCI president urged
businesspeople for keeping prices of basic commodities
within people's reach by not making unreasonable profits
during the month of Ramadan at a meeting in Dhaka yesterday
Private sector's shares in investment, export
ever-increasing
The private sector has already
demonstrated its capacity and buoyancy Bangladesh's economy
as the shares of this sector in terms of investment and
export is ever-increasing, said the president of the
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI)
yesterday
Only a few steal the show
Titas Gas, the state-run gas
distribution and transmission company, tops the turnover
leaders' list of Dhaka Stock Exchange for a fifth week.
Prior to Titas' entry, Beximco Pharma, ACI Limited and
Square Pharma have also topped the list in July
Intelligent buildings grab limelight
Intelligent buildings, the latest trend in
office and residential real estate, are gradually becoming
popular in Bangladesh
Bangladesh eyes doubling rubber output by
2020
Bangladesh targets doubling its
natural rubber production to 60,000 tonnes a year by 2020 to
tap the growing potentials in its export market on meeting
domestic demand, industry people said
Jewellery prices don't match with world
market
Prices of jewellery did not decline at the expected rate
despite a fall of about $188 in gold prices per ounce on the
global market
Businessmen hope for normalcy in garment
industry
Businesspeople believe normalcy
will return to the garment industry after the government's
announcement on Tuesday that it will deal with unlawful
activities in any factory with a firm hand
Stocks slump on profit taking
Stocks slumped yesterday as
investors moved to cash in gains from the previous weeklong
rally. Market major Titas led the losses, extended by fall
in the shares of almost all sectors such as bank, non-bank
financial institution and mutual funds
Govt approves petroleum import from Maldives
The cabinet committee on public
purchase Tuesday approved import of 150,000 tonnes of
petroleum fuels from a company of the Maldives at a cost of
$183.44 million (Tk 1273.07 crore
Bearing the brunt of inflation
Any distant onlooker would have thought that she was
garnishing her cooked meal. That was far from true. Nurjahan
puts the last remaining amount of rice into the steaming pot
of water, the only staple food available for her family of
four
Stocks end higher on Grameen debut
Dhaka stocks closed higher
yesterday amid downturn in turnover with Scheme Two of
Grameen One mutual fund leading gains on its debut
BB profit up 50pc
Increased value of gold and income
from foreign and domestic sources have helped Bangladesh
Bank (BB) to post about 50 percent more net profit in the
immediate past fiscal year compared to the previous year
Inflation back in double digits
The point-to-point rate of
inflation soared to 10.04 percent in June, driven by high
oil prices on the international market and natural disasters
in Bangladesh
First gold hallmarking firm set to take off
A local company is set to start
tests in a month to determine the purity of gold and gold
ornaments through a chemical analysis of substances
SEC fines One Bank for 'breach' of market
discipline
The Securities and Exchange
Commission has fined the directors of One Bank Tk 1 lakh
each for their failure to submit an audited financial
statement to the capital market regulator by the deadline,
an official said yesterday
Mobile goes beyond voice
Nobin cheered to the surprise of
his friends. His favourite cricket team India beat Sri Lanka
in the day's match. But despite the joy of victory, they
could not help but wonder how he found out the results of
the match there and then, sitting at the Teacher Student
Centre of Dhaka University
If God was a banker
I have borrowed the caption for
the column from a book written by Ravi Subramanian. Though
the book carries an insider's fictionalised account of how
Indian professionals experience the world of foreign banks,
in my today's humble write up, I will be focusing more on
Bangladesh banking
Banks drive Dhaka stocks
Dhaka stocks closed higher for a
third day, led by bank shares, yesterday
BTRC to discipline rogue ISPs
The telecom regulator has moved to
legalise about 500 unauthorised internet service providers
(ISPs) that serve broadband connections mainly to home users |
Source of New Nation
World Bank President Robert Zoellick has assured
Bangladesh of continued support to its various
development projects.He appreciated the caretaker
government's performance on electoral, governance
and economic reforms
Recently, AKTEL, country's one of the largest
telecom service providers signed an agreement with
the Shin Shin Apparels Limited,
Bangladesh Hotels and Restaurants Directory" listing
almost all the hotels and restaurants in Dhaka,
Chitagong, Cox's Bazar and Sylhet has been published
in Bangladesh for the first time
Price of almost all vegetables
and potherb items with the exception of potato and
papaw increased as per whims of the retail sellers
during the last four days from Thursday despite the
efforts of the government to keep prices stable
ONE Bank Limited opened its
3rd booth at the DTM (Ops) office premises in the
General Cargo Berth Area of Chita gong Port on
August 16, 2007 |
World Business News(click
on refresh button to get fresh news)
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