Local time:
New York:
Part of being a champ is acting like a champ. You have to learn how to win and not run away when you lose. Everyone has bad stretches and real successes. Either way, you have to be careful not to lose your confidence or get to confident.

Bookmark and Share

Inward remittances need to be aggressively promoted (Author: BDStock.com-Amit J)
Posting Date:2011-09-09

Inward remittances have become an important component of the Bangladesh’s economy over the years. Bangladesh is among the top ten recipients of remittances in the world. Remittance as a percentage of GDP has increased from 6% in FY2004 to 11.4% in FY2010. Remittance inflow has been the backbone, providing support to the international reserves of the country. Historically, most of the remittance inflow comes from the Middle East and overall, the remittance from the Middle East constitutes about 66% of total remittance received by the country. Most of the remittance inflow comes from the Middle East – mainly Saudi Arabia (30%), UAE (17%) and Kuwait (9%). Other major sources of remittance include USA (14%), UK (8%) and Malaysia (6%). Remittance growth has been quite poor in recent times, with the growth slowing down in the post global crisis regime.

Bangladeshis working abroad sent home... more

Corruption emerges as major threat to Bangladesh (Author: Star Business Report)
Posting Date:2011-09-09

Corruption will pose a major threat to the government in the coming years, according to a global survey released yesterday.

The survey by the World Economic Forum found Bangladesh's major businesses disagreed with the effectiveness of the country's efforts to combat corruption.

The observation came as Bangladesh slipped by one rung in the Global Competitiveness Index in 2011 to rank 108th due to inadequate infrastructure, inefficient bureaucracy and corruption.

Bangladesh's GCI score has increased by 2.5 percent, but the country lost a place further on the ladder in the survey of 142 countries, while other countries have advanced, according to the report released by the Centre for Policy Dialogue, the Bangladesh partner of World Economic Forum.

“Although positive changes were d... more

From cold time to sunshine? (Author: TheDailyStar--Inam Ahmed)
Posting Date:2011-08-28

Indian Premier Manmohan Singh's September 6 visit may well offer the best chance for the two nations to finally come out of a cold era to sunshine and a lot will depend on how he holds out to the bold steps Bangladesh Prime Minister Sheikh Hasina took during her visit to Delhi last year to mend relationship.

Whether that relationship will be durable and rewarding will be determined by how India deals the crucial issues on offer -- transit, Teesta river water sharing, trade, electricity trading and border demarcation.

Hasina had taken a huge political risks during her historic visit to India and made a number of promises on crucial and taboo issues such as giving transit to India, allowing Delhi to use its ports and not allowing terrorist outfits to use Bangladesh soil.

Hasina went out of the box in making these decisions, and the courage she showed for regional c... more

Opposition demands consensus --Leaders fear Bangladesh will lose biggest bargaining tool with India (Author: Rakib Hasnet Suman--They Daily Star)
Posting Date:2011-08-28

Some Points of Criticism

1. If done without political consensus, it will create future complexity

2. Transit will destroy Bangladesh's potential business in seven sisters

3. Bangladesh May Become a Target of insurgents


1. Transit should be a package deal

2. Content of the deal should be made public before signing

3. Share your views with pragmatic thinking, fairness and beyond politicl parties' agenda

Bangladesh is going to lose its biggest bargaining tool with India by providing transit facilities cheaply, said opposition leaders and people critical about allowing transit facilities to India.

They said the transit facil... more

Recent Budget Announcement (Author: BDStock.com-Amit J)
Posting Date:2011-08-20

Recent Budget Announcement

Bangladesh FM has recently unveiled a Taka 163,589 crore (US$22 billion) budget for the financial year 2011-2012 last month aiming a record high 7 per cent growth and to increase spending on key sectors by nearly a third to tackle its acute power shortage, poverty and inflation.

Finance Minister Abul Maal Abdul Muhith announced the budget with a focus on employment generation, proposing a 23 per cent higher outlay for the next financial year, which is up by Taka 31,589 crore over the actual outlay of Taka 132,000 crore of the outgoing fiscal. Simultaneously the inflation was also expected to ease slightly to 7.5 per cent against a revised target of 8 percent this year as price spiral of food strained government finances by amplifying its already huge subsidy bill.

Inflation soared to a 31-... more

Situation demands decentralisation (Author: Shafiqul Alam--email: shafiq@iidfc.com)
Posting Date:2011-08-02

Being stressed by pollution, congestion, over-population, mass migration etcetera, mega city Dhaka has become nearly unlivable but still the trend of mass migration to the city continues unabatedly. Under any circumstances, Dhaka's livability is at stake and the situation is worsening day-by-day due to unplanned as well as over urbanisation.

People from countryside rush towards Dhaka which is the place for employment for all and sundry -- be it a fresh graduate or a businessman. Even floating people find the city as the most beneficial place for earning livelihoods. It is not that living in Dhaka is cheap but still people's first choice is Dhaka in consideration of its numerous benefits such as education, medicare, business, trade, industry.

The rapid process of urbanisation causes a lot of different ecological, economical and social problems and ... more

Dividends Collection is much safer Investment in volatile market. (Author: BDStock.com-Amit J)
Posting Date:2011-08-01

Dividends Collection is much safer Investment in volatile market.

After a runaway rally in the last calendar year, stock market in Bangladesh has finally witnessed a pause over the past few months with some volatility. After sustaining an upward momentum, the stock markets have refused to move upwards in a straight line, and are showing signs of choppiness over the past several weeks. While one of the reason why the benchmark indices have taken some profit taking over the past few weeks includes the spiraling crude oil prices and a shift in focus of investors towards precious commodities, there are some investors, still betting on stocks, which could offer healthy returns even in times, when market takes time to consolidate near current levels before a decisive breakout.

So what could be the ideal preposition for such in... more

The Book Building Method’s Affect At Bangladesh Stock Market (Author: BDStock.com-Amir J)
Posting Date:2011-07-22

The Book Building Method’s Affect At Bangladesh Stock Market

It is the process of determining the price at which an Initial Public Offering is offered. The book is filled with the range of prices that investors indicate they are willing to pay per share, and when the book gets closed on the closing of primary issue, the issue price is determined by an underwriter or merchant banker by analyzing these values. It is the solicitation of tentative interest from likely institutional and individual investors by the investment banking syndicate of a new security issue before the offering has been approved by the Securities and Exchange Commission.

The system of following a book building method for offering new issues through primary markets has become more popular over the conventional method of pre-determining the issue price by merchant bank... more

New IPOs Activities So Far For This Year (Author: BDStock.com-Amir J)
Posting Date:2011-07-22

New IPOs Activities So Far For This Year

The current year has turned out to be a mixed year so far for the IPO’s launched in Bangladesh over the past five and a half months. An aggregate of seven public issues have so far been thrown open for the public for subscription in the current year. While at least three of these issues have been offered at a premium, the other four IPO’s have come out so far at par. Out of the seven IPOs so far floated in the primary market till today in the current year, four of these issues have come out from new companies including Salvo Chemical Industries, M.I. Cement Factory, Baraktullah Electro Dynamics Ltd and MJL Bangladesh Ltd.

While two of these issues offered by companies- MJL Bangladesh Ltd and M.I. Cement Factory have tried their hands out in raising funds through the relatively new method of book buildin... more

Bangladesh Bank: which way now? (Author: Muhammad A (Rumee) Ali)
Posting Date:2011-04-21

It does seem like the Bangladesh Bank has painted itself into a corner. That is what the perception is. With the inflation elbowing in, yet there is pressure to hold interest rates down, the IMF holding back disbursement and the FBCCI demanding a cap on lending interest rates. The small investors think that the Bangladesh Bank and the Securities and Exchange Commission are responsible for the stockmarket crash in an unholy alliance with the corporate culprits and the bankers believe the central bank is holding back and creating the liquidity pressure in the market. Some bankers feel the central bank is more interested in dabbling in 'esoteric banking' and has touch with the real world. The Grameen Bank fiasco has also cast the bank in a 'controversial' role in the global media.

In the back of my mind I felt, my involvement with the Bangladesh Bank could prejudice my... more

Transit raises hope for robust earnings (Author: Rejaul Karim Byron)
Posting Date:2011-04-20

Transit Routes By Road

Bangladesh will earn about $50 million annually during the first five years of transit after infrastructure is created along corridors, according to a study.

Once capital works are completed, the country will earn more than half a billion dollars annually from the sixth year onwards, the study predicted. At one point in time, the benefit will reach $1 billion a year, it said.

Despite uncertainties, Bangladesh's benefit will be robust, said the study report. 'This stream of benefits, albeit partial, would more than justify investment amounts.'

Transport expert Dr M Rahmatullah conducted the study last year for Asian Development Bank, Centre for Policy Dialogue and South Asia Centre for Policy Studies. The Daily Star obtained a copy of the report.... more

Where Mutual Funds Stay After A Decade (Author: Author: BDStock--Amit J)
Posting Date:2011-04-16

Even as the stock markets have started maturing of age over the past one decade, the growth of mutual fund in Bangladesh has been slow. Only recently there has been a rush for new funds. Many banks and financial institutions continue to in the queue with proposals for their funds. Mutual fund is a fund under a trust. Investment in mutual fund is ideal for investors who do not want to take risk because the fund is managed professionally and the collective investment is diversified. The price of a closed-end fund share is normally determined by the value of the investment in the fund. Therefore, the market price of a fund share is often close to per share NAV. However, the maturity of mutual funds is taking its sweet time and NAV’s of mutual funds are still not close to their market value of such funds. It is seen that market price of a mutual fund share can at times be much high... more

Citibank organizes seminar on bond market in Bangladesh (Author: BB News)
Posting Date:2011-04-09

Dhaka, Bangladesh (BBN) - Citibank, N.A. Bangladesh, with its aim to support the evolution and growth of the nascent Bond Market of the country, on Monday organized a seminar in Dhaka titled as “Bond Market – Infrastructure & Opportunities”.

The seminar concentrated on issues like prospect of bond as means of finance, regional outlook and growth pattern, legal environment for bond in Bangladesh.

Ziaul Hasan Siddiqui, Deputy Governor of Bangladesh Bank, the country’s central bank, inaugurated the seminar.

Mamun Rashid, Managing Director and Citi Country Officer, Bangladesh and Mr. Adrian Nye, Director and Regional Sales Head of Citi’s Agency & Trust business and other prominent experts from the financial industry were present during the inaugural ceremony.

Mr. Siddiqui, in his inaugural speech stressed the importance of bonds as... more

Bangladesh forex market should grow more, says StanChart official (Author: Siddique Islam)
Posting Date:2011-04-09

The foreign exchange market of Bangladesh has made good progress over the years, but there is still room for further growth, a top treasury official of the Standard Chartered Bank (SCB) said.

'The forex market of Bangladesh should grow more to facilitate foreign trade and investment in the country,' Hemant Mishr, Managing Director, Head - Global Markets, South Asia, of the SCB, told the Financial Express (FE) in an exclusive interview Tuesday night.

For example, the US dollar/Bangladesh Taka (BDT) forward market is still at a nascent stage in the country. On the other hand, the market is yet to provide two-way quote for US$/BDT despite regulatory support. The market players will have to come forward in this connection, he said.

'Bangladesh is our core and key market,' Mr Hemant said, adding that the SCB has introduced new financial risk miti... more

A Few Milestones in DSE in 2010 (Author: Author: BDStock--Amit J.)
Posting Date:2011-03-27

Few Milestones in DSE in 2010

The Bangladesh capital market continued to rally handsomely in 2010 even though U.S and European market had to recover from recession effect. The market capitalization to GDP ratio has been increased over the year from 30% to 50%. DSE General Index (DGEN) has gained its peak at 8,918.51 point in December 5, 2010 and the lowest value was at 4,568.40 point.

Over the year, DGEN increased 82.78% and reached at 8,290.41 point at the end of the year. The total market capitalization of all shares and debentures (excluding t-bills and t-bonds) of the listed securities at the end of December, 2010 also stood higher at USD 49.4 billion, indicating a gain of 84 percent which was higher than USD 26.8 billion at the end of December, 2009. The total turnover has increased from USD 0.13 billion to USD .25 billion which indicates... more

US for govt talks with Yunus (Author: Blake says compromise possible; Wolfensohn ba)
Posting Date:2011-03-22

The United States yesterday called for a dialogue between Prof Muhammad Yunus and Bangladesh government to reach a solution to the dispute over the status of the Nobel laureate in the Grameen Bank he founded.

''I do believe that a compromise is possible and I am encouraging dialogue between the parties to find a mutually acceptable solution,'' Robert Blake, US assistant secretary of state for South and Central Asian Affairs, told a news conference at the American Club in Dhaka.

Replying to a question, he, however, said, “If there is no compromise, it will have an effect on bilateral relations.” He did not elaborate.

During his four-day visit, Blake met with Prime Minister Sheikh Hasina, Leader of... more

Some Hurdles in development of Bangladesh Bond Market Stronger (Author: BDStock--Amit J.)
Posting Date:2011-02-25

Some Hurdles in development of Bangladesh Bond Market Stronger.

The financial sector of Bangladesh is dominated by the strong presence of commercial banks, especially the Nationalized Commercial Banks (NCBs). Of late, some shift in the degree of dominance has been observed with time with the emergence of private commercial banks-traditional and shariah based banking. Most of the available funds go to the NCBs in the form of deposits and channeled into lending. However, the NCBs had substantial non-performing loan (NPL) portfolios. Both insurance and mutual funds industries are very small.

The debt market being an integral part of financial market plays a complementary role in developing economy through allocation of funds to the different deficit sectors. The debt market consists of money market, mortgage market, bond market and derivative market... more

Stockmarket conundrum (Author: AF Nesaruddin)
Posting Date:2011-02-20

After the Bangladesh stockmarket debacle in 1996, the market recovered gradually and had been growing steadily until 2008. In view lower rates of interest on bank deposits, tax-free income benefit, overseas remittance, fair rate of return on investments and lack of sufficient avenues for investment by individuals, investors were encouraged recently to invest more in the stockmarket. The market became reasonably stable until 2008. In 2010, the share price index started rising and it became abnormally high in late 2010 creating an alarming situation and a concern among the experts. From the first week of December, there was repeated falls in the stock prices and in the process, many investors incurred huge losses and market is yet to be stable. Ultimately, highest level of the government had to intervene to turn the situation to a tolerable level from the disaster. Among other issues, the government also formed an investigation committee to detect the market manipulation,... more

Everyone Talking About Recent Market Volatility (Author: BDStock--Amit J)
Posting Date:2011-02-06

The calendar year 2010 was a unique year in the history of Bangladesh stock markets for more than one than one reason. While the markets managed to attract billions of FII inflows into Bangladeshi stock markets for the high rate of returns as the benchmark indices advanced by over 82 per cent in course of within a single year, yet the volatility noticed in the Bangladeshi stock markets was almost at its peak, due to several regulatory changes and monetary changes, brought about by Securities & Exchanges Commission and Central Bank late in the year. The Dhaka Stock Exchange (DSE) passed through an eventful year amid records and ups and downs. However, the last few days of 2010 was quite reverse to its yearly trend when the DSE witnessed a shortfall of fund following two Bangladesh Bank directives.

The year also witnessed the approval of the largest Initial Public Offering (IPO) in the his... more

State companies face listing warning (Author: Rejaul Karim Byron and Md Fazlur Rahman)
Posting Date:2011-02-06

In a strong warning, Finance Minister AMA Muhith has said heads of state enterprises will be shown the door if they fail to offload shares on the stockmarket by the 'next' deadline.

The government plans to extend the deadline to the noncompliant state-owned enterprises (SoE) for the last time this week, after they defied orders from the highest level to offload their shares.

'I am unhappy with them, as it is not happening. I will call them to a meeting and tell them if 'you cannot do it within certain days you have to resign',' the minister said while speaking to a delegation of Dhaka Chamber of Commerce and Industry at his office.

“I am going to impose the condition that if they fail, their resignations will be effective then and there.”

In the last two years, the finance minister held several meetings with the SoEs to increase supply of quality shares t... more

Muhith: Energy crisis is Achilles' heel for Bangladesh (Author: Star Business Report)
Posting Date:2011-02-06

Finance Minister AMA Muhith yesterday likened the energy situation to Achilles' heel and said he is tired of speaking about the crisis, a deadly weakness of the country.

“I do not want to talk about the energy crunch as I have become tired mentioning it. It is an Achilles' heel not of this government, but of the country. There must be an improvement in the near future,” he said while addressing a team of business leaders in his office at the secretariat in the city.

The minister's remarks came when a delegation of Dhaka Chamber of Commerce and Industry (DCCI) led by its president Asif Ibrahim called on him.

The minister said some of the rental power plants would be up for production this year, ruling out claims that many of them would not be ready in time. 'Some may fail to come into operation in time. But the 2011 programmes are almost certain, more or less.'more

Demutualisation crucial to stockmarket (Author: Star Business Report)
Posting Date:2011-02-06

The government will implement demutualisation or separation of management of bourses from their shareholders within its tenure to infuse dynamism into the stockmarket, said Finance Minister AMA Muhith yesterday.

'We will realise our goal of demutualising stock exchanges before our tenure ends. We must do it. Otherwise the stockmarket will never be dynamic,' insisted Muhith.

The minister made the pledge at the lunch of a book, Sombhaboner Orthonity by banker and economic analyst Mamun Rashid, who prefers the title of the book as 'Hopeconomics' in English.

Former finance adviser of caretaker government AB Mirza Azizul Islam spoke on the book launch chaired by North South University Vice Chancellor Hafiz GA Siddiqi.

The book that contains 16 articles is dedicated to all teenage and women freedom fighters, who, as Rashid says, turned the impossible into a realit... more

Worst & Best IPOs in 2010 (Author: BDStock--Amit J)
Posting Date:2011-01-29

The year 2010 was definitely a golden year in the history of stock market of Bangladesh, when the benchmark indices moved up almost 80 per cent in curse of the entire calendar year. However, for the primary market, the scenario turned out to be a little mixed in Bangladesh. While the investors chose to ignore some of the weaker public issues out of the 21 new issues including those of mutual funds, they seemed excited with some of the promising new issues.

The investors chose to overlook six such IPOs which just managed to sailed through but failed to evoke enough response in the secondary market. However, simultaneously as many as nine stocks which got listed after their IPOs, generated strong response even in the secondary market, and rewarded he investors with returns ranging from 5 per cent above IPO price to 950 per cent at the end of the calendar year 2010.

At least fi... more

ICT sector remains non-starter (Author: Jasim Uddin Haroon)
Posting Date:2011-01-14

The Information and Communication Technology (ICT) sector has never achieved its export target over the past 15 years despite the fact it enjoyed a flurry of facilities as a thrust sector.

Its performance remains 15 to 20 per cent below the strategic export target each year, according to data available with the Export Promotion Bureau (EPB).

The incentives include tax holiday, accelerated depreciation, concessionary duty on imported capital machinery, full repartition of capital, profit and dividends and exemption of income tax.

The EPB, national export promoting agency, sat several times with the ICT firms on the issue. But ICT professionals insisted the sector earns much more than the EPB official data. EPB collects data from central bank based on the letter of credit (L/C) settlement.

Data processing and computer consultancy remained almost stagnant ov... more

BSCCL to offload shares by March (Author: FE Report)
Posting Date:2011-01-14

State-owned Bangladesh Submarine Cable Company Limited (BSCCL) will offload its shares within March next under book building method.

This was declared in a programme Thursday, arranged to discover the indicative price of BSCCL shares. Representatives of banks, insurance companies, leasing companies and other institutions took part in the price bidding system, and indicative price of each BSCCL share has been fixed at Tk 90. ICB Capital Management Company is working as the issue manager of BSCCL.

Additional finance secretary Syed Monzurul Islam, managing director of Investment Corporation of Bangladesh (ICB) Md Fayekuzzaman, chief executive officer (CEO) of BSCCL Md Monowar Ahmed, and CEO of ICB Capital Management M A Rouf were present in the programme.

The BSCCL CEO said it is the first company to offload shares in the capital market in line with the finance m... more

Black Magic Tuesday update: Spineless SEC and BB, Worried Government (Author: )
Posting Date:2011-01-11

Update Wednesday, 12/1/11, 6 am Nicolas Haque’s follow up report below on the rebound. He says it happened within a “matter of minutes”. Rumour has it that the government-backed/owned banks and agencies purchased these shares massively so that investors’ losses were minimised. In the West, they call that a “bailout”. We call it “stabilisation”. More on that after the video.

A possible explanation might be hidden beyond the stock market. While a fracas was going on in downtown Motijheel, many forgot that a great challenge looms ahead for the government — the municipal election. A non-partisan affair by book, it is essentially a political battle which the government must win to have its grasp on the grassroots..

With a crashed stock market and broken investors — remember that the reach of this market penetrated even the remote places, as brokerage houses opened branches across ... more

Manipulators benefiting from book building: CPD (Author: Star Business Report)
Posting Date:2011-01-11

Manipulators benefiting from book building: CPD

The introduction of book building system has turned out to be a tool for manipulating market prices, the Centre for Policy Dialogue has observed.

Instead of ensuring competition among big investors at the 'price discovery' stage, the market syndicates are abusing it for placement shares at an artificially high price, the CPD said yesterday.

The artificial price is being maintained for sometime (particularly till the lifting of the lock-in period (15 days) and after that investors are found to offload their shares at higher prices, said the think-tank.

Book building is a new system in Bangladesh and only three instances of such practice are there.

The CPD analysis found those who hold the private placements took out a substantial amount of money by selling shares at high prices during the first on... more

within 48 Hours DSE gained 15% by noon on Tuesday (Author: Wajid Hasan Shah)
Posting Date:2011-01-11

Record DSE rise (DSE General Index up 15% by noon today — a staggering 1500 point turnaround in 48 hours!) Wajid Hasan Shah

Those who are interested in the interesting turn of events related to the stock market in Bangladesh probably know that the SEC has already increased the margin loan to 1:2 (Tk 2 margin loan for each Tk 1 invested); however, the majority of merchant banks have apparently not yet increased the margin ratio for their clients (just heard that LankaBangla and IDLC, two of the top five merchant banks, have not). Perhaps even if they do, Those who are interested in the interesting turn of events related to the stock market in Bangladesh probably know that the SEC has already increased the margin loan to 1:2 (Tk 2 margin loan for each Tk 1 invested); however, the majority of merchant banks have apparently not yet increased the margin ratio for their clients (just heard ... more

Bangladeshi’s FY11 GDP Growth at 6.7% (Author: BDStock--Amit J)
Posting Date:2011-01-10

Bangladeshi’s FY11 GDP Growth at 6.7%

Bangladesh is on track to achieve a record 6.7 per cent economic growth this financial year (2010-2011), driven by an impressive turnaround in garment exports. The Bangladesh Bank has said economic activity had gained momentum since the start of the financial year in July 2010, with exports posting 37 per cent growth in the four months to October thanks to a huge rise in garment orders. Imports were also up 37 per cent, reflecting rising domestic demand, and imports of industrial machinery grew 36 per cent, indicating a major expansion in the country’s manufacturing sector.

The global economic crisis drove gross domestic product (GDP) growth to a seven-year low of 5.8 per cent in the year ended June 2010. Bangladesh previously clocked its highest annual GDP growth rate in the 2006 fiscal year, when the economy expanded by 6.6 p... more

Overview of Capital Markets ( Jan 2nd To Jan 6th ) (Author: Mohammed Shahed Ali (CFA charter pending))
Posting Date:2011-01-10

Please click here to view this full article in pdf format?   
  • All three main indices declined dramatically for the week.
  • The All Share Price Index (DSI) decreased by over -6.47% to close at 6,432. The DGEN decreased by -6.7% to close at 6.7%. The DS20 fell be the most with a -6.85% decrease.
  • By market cap, the companies on the exchange saw a wiping of -5.79% of their values as. compared to a slight rise of 1.16%.
  • The advance-decline activity confirms the trend with 235 stocks declining ( 97 last week) with only 14 stocks rising as compared to a massive 153 stocks last week.
  • Thus overall all the indices took a battering with investor confidence waning.
  • If we look at the 5-day market cap graph, a steady declin... more



    1. Partner with Bangladesh Corporate Blog BANGLADESHCORPORATEBLOG

    2. Rashedchittagongblogspot

    What do you think of Tiffany and co Jewelry? Do the silver jewelries play an important role in your life? As a matter of fact, for each of us, silver jewelries are indispensable. As a must-have fashion item, have you noticed that Tiffany Jewelry always accompany us in our whole life? As we are little babies, our parents put the silver jewelries on our small hand lightly. At that exact moment, what conveys to our hands is not only the cool feeling from the sterling silver bracelets, but the unending care and consideration from our parents. Though we know less about the strange world in that period, the Tiffany charms with the great love from our families always accompany us till we grow up. Then one day, we grow up. We go to primary school, and then junior high school, senior high school. I am not sure whether you also have the same feeling to admire sisters in the neighborhood, with shinning silver earrings dangling from her ears. How charming she looks! We also expect one day we could make up ourselves, making us more appealing and charming with the alluring tiffany earrings. However, it is a pity that we are still children in the eyes of our families; we have no enough room to do everything we like. So occasionally we show ourselves in the party with the twinkling tiffany jewelries, beautiful dressing, and also the sexy high heels. How wonderful it is! Tiffany outlet are always eager to enter the world of adult, for it means that there no body could constrain us, so we have more freedom to do everything we like. From the moment of us entering universities, we begin a new life. Out of the busy lessons at senior high school and without nagging from our parents, we finally have our own world. Naturally, we have more chance and time to make up ourselves. It is just the golden period in our life. Everything is beautiful, charming, gorgeous in our eyes, oh how could we forget the tiffany necklaces. It may be most exciting for our beloved one presenting us a Cheap Tiffany Jewelry pendant. It also never lacks of romance, does not it?