Market insiders say growing investors’ confidence, buoyed by the campaign of the new leadership of the Bangladesh Securities and Exchange Commission (BSEC) against manipulation, mandatory shareholding issues and plans related to junk stocks had encouraged investors
Read More »Five banks hold 60% shares of total remittance earnings
Of the total, Islami Bank Bangladesh had the highest, or 30.10% of market shares of the total remittance earned through banking channels
Read More »US budget deficit soars to $3tn record
The US budget deficit has hit a record high of more than $3tn (£2.3tn), driven by the government’s massive spending on coronavirus relief.
Read More »Global stocks struggle to stabilise as tech remains fragile
World shares struggled to stabilise on Tuesday as doubts about a recovery in tech stocks lingered after last week’s rout, while the dollar steadied as investors pondered whether policy signals from the European Central Bank this week could weaken the euro, reports Reuters.
Read More »97.1pc female workers in low-paid jobs: ILO study
Most female workers in Bangladesh’s readymade garment sector are concentrated in low paid jobs and the participation of women in managerial positions has not improved in the sector, said a recent report of the International Labour Organisation.
Read More »5,000C stimulus for agriculture: Six banks yet to disburse at all
Janata Bank, One Bank, Union Bank, Bangladesh Commerce Bank, Modhumoti Bank and Shimanto Bank were yet to disburse a single penny till August
Read More »Limited ATM Booth operation may continue
Most of the banks are keeping their ATM (automated teller machine) Booth operation suspended for 6-8 hours at night following an alert issued by Bangladesh Bank on possible cyber hacking attempt by foreign hackers.
Read More »No room for imports in Benapole
The quality of the products is deteriorating, which in turn is causing financial losses to the importers. Importers blamed the delay in clearing the imported goods on dysfunctional cranes and forklifts at the port.
Read More »Light engineering industrial park to be set up in five districts
The government is planning to set up dedicated light engineering industrial park at five districts – Dhaka, Narayanganj, Jashore, Bogura and Narsingdi- to harness the immense potential of the domestic light engineering industry.
Read More »Enhancing transparency: BSEC issues new decree on MFs’ disclosure
The securities regulator has issued a new directive on financial reporting and disclosure of mutual funds (MFs) and asset managers to enhance transparency in disclosure for the interest of investors and capital market.
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