News

The Dhaka bourse scaled new heights yesterday, crossing 7,000 points as buoyant investors increased their bets in hopes that the market would maintain its upward trend in the coming days.

The prices of vegetables shot up this week, along with chicken, sugar and fish at the kitchen markets of Dhaka.

Stocks opened sharply higher on Sunday with the key index of the major bourse crossing the 7,000-mark as buoyant investors continued their buying spree on major sector issues riding on regulatory moves.

Entrepreneurs ask for a separate SME bank to ease loan disbursal

In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of the estate.

Stocks of Tamijuddin Textile Mills have skyrocketed tenfold in a span of less than three months since it was relisted at the Dhaka bourse last June.

If proper returns from the stock market can be ensured, people from all over will be encouraged to park their savings and remittance at the country’s bourses, according to Professor Shibli Rubayat Ul Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC).

Locals decry soaring prices of daily essentials

Dhaka has started the process to conduct a feasibility study on signing either a PTA or FTA with Singapore, aiming to further strengthen economic and trade ties with the Southeast Asian country, officials said.

The country has 1.4 million tonnes of sugar deficit which can be minimised through adopting modern sugar production methods, speakers said at a workshop on Friday.