The Dhaka bourse bounced back in the first two hours of trading today after falling for consecutive six days. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), soared 46 points, or 0.67 per cent, to 6,819.73 until 12:20 pm. At the DSE, 304 stocks advanced, 41 fell …
Read More »Grab investment opportunities in Bangladesh
Prime Minister Sheikh Hasina yesterday urged the investors from across the world to invest in Bangladesh, making the best use of the opportunities the government is offering for foreign investment. “I believe investors will be able to learn more about the potential of different investment sectors in Bangladesh through this …
Read More »International Investment Summit 2021 begins Sunday
“The main objective of the summit is to brand new Bangladesh among the investors of the world,” said Salman Fazlur Rahman, Prime Minister’s Private Industry and Investment Advisor The two-day International Investment Summit 2021 begins in the capital on Sunday to brand new Bangladesh among the investors of the world. …
Read More »Profit growth signals strong economic rebound
Listed companies across almost all sectors saw their profits rise 8.6 per cent on average in the first quarter of the ongoing fiscal year, indicating that Bangladesh is making a strong economic recovery from the Covid-19 pandemic. The collective profits of 288 listed companies stood at Tk 7,203 crore in …
Read More »Special police team approved for Dhaka Mass Transit Company
As the first ever metro rail will open to traffic in the city in a year or two, a 357-member special police team will be formed to ensure safety and security of the state-of-the-art transportation system. The Finance Division approved the manpower for the MRT Police on Nov 1 which …
Read More »‘No idea who’s siphoning off money; give me a list’: Finance Minister
Finance Minister AHM Mustafa Kamal on Saturday said he has no idea who is actually siphoning off money from the country and asked the opposition MPs to provide him with a list of money launderers. “I don’t siphon off money. I believe you (MPs) also don’t. How will I be …
Read More »Stocks continue last week’s falling trend
The Dhaka bourse continued previous week’s falling trend and dropped today also. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 29 points, or 0.42 per cent to 6,822 until 12.35 pm. At the DSE, 122 stocks advanced, 197 fell and 49 remained unchanged. Sena Kalyan Insurance …
Read More »Credit card spending keeps growing as virus recedes
Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane. Credit card transactions collectively stood at Tk 1,840 crore in September, up 10 per cent from a month earlier and …
Read More »UNSDCF for Bangladesh 2022-2026 published
The United Nations Sustainable Development Cooperation Framework (UNSDCF) for Bangladesh for the 2022-2026 period was published today. The Economic Relations Division (ERD) and the UN Resident Mission jointly organized the function held at the NEC-2 conference room in the city’s Sher-e-Bangla Nagar area. Finance Minister AHM Mustafa Kamal, Planning Minister …
Read More »Banks slip into cash crunch as 76pc surplus funds held by a few
The tale of the excess liquidity in Bangladesh’s banking sector does not paint the true picture as the majority of the additional fund is concentrated to a few lenders. The surplus fund totaled Tk 220,880 crore in October, surprisingly up from 0.6 per cent the month before at a time …
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