Tag Archives: capital

BASIC Bank in deeper trouble

BASIC Bank

MNA Business Desk: The scam-hit state-run BASIC Bank is finding it hard to procure funds from depositors, officials have said. Its battered image is thought to be the number one problem. BASIC Bank managing director Md Rafiqul Alam wrote to finance ministry last Wednesday seeking funds as well as support to boost bank’s public image. He has sought government intervention to help remove roadblocks to the bank making a comeback. According to the officials, the bank does desperately need to find ways to improve its deposit base as it has long been facing problem in this connection. The bank has ...

Read More »

Experts share knowledge about capital market

EWU

MNA Career & Education Desk: East West University (EWU) Investment and Finance Club celebrated the World Investor Week 2019 in the university campus on October 02 and 03, 2019. On the first day of celebration, an intra university finance-based quiz and composition writing competition took place with the title “Finalogy season 3”. More than 120 undergraduate students participated in this competition. On the following day, a seminar was arranged on “Challenges faced by young investors in the emerging capital market”. Farhad Ahmed, executive director, Bangladesh Securities and Exchange Commission, and Dr Md Tabarak Hossain Bhuiyan, managing director and CEO, Prime ...

Read More »

Steps taken to make capital market vibrant: PM

birthday

MNA Business Desk: Prime Minister Sheikh Hasina on Monday said her government has taken various steps to ensure a vibrant capital market that will supplement its efforts to make Bangladesh a developed country by the year 2041. “Various measures are being taken to protect the interests of investors which will ensure a conducive environment for a vibrant capital market,” she said. The Prime Minister said this while inaugurating a regional seminar on ‘Financial Literacy and Investment Protection’. The Bangladesh Securities and Exchange Commission (BSEC) and the Asian Development Bank (ADB) jointly organised the seminar at Pan Pacific Sonargaon Hotel here. ...

Read More »

Budget brings new hopes to failing capital market

capital

MNA Business Desk: The finance minister has proposed a set of ‘incentives’, including an increase in the tax-free threshold for dividend income from the listed companies, in a bid to make the country’s capital market vibrant. AHM Mustafa Kamal came up with the proposals for incentives in the national budget for the upcoming fiscal year (FY) 2019-20 placed in parliament on Thursday. At present, dividend income up to Tk 25,000 earned from the publicly traded companies is exempted from tax. “With a view to incentivising the small investors and strengthening the capital market, I propose to enhance this limit up ...

Read More »

Capital market will remain ‘moderately bullish’ in 2018

bullish

MNA Business Desk: The capital market will remain moderately bullish in 2018, but local political instability will be the risk factor for the capital market this year, according to a recent survey of a leading stockbroker. The forecasts were made by the majority of the respondents in a recent survey on the Bangladesh capital market conducted by LankaBangla Securities. The findings of the survey were released recently. The survey, which is the sixth of its kind, was carried out between January 4 and January 20 this year. A total of 312 people from various sectors — including academicians, fund managers, ...

Read More »

Militias clash killed 28 people in Libya capital

capital

MNA International Desk: About 28 people were killed and nearly 130 wounded in fierce clashes in the Libyan capital Friday between forces loyal to the UN-backed unity government and rival militiamen, reported news agency. Tripoli has been gripped by a power struggle between dozens of militias since a NATO-backed uprising toppled longtime dictator Moamer Kadhafi in 2011. Hashem Bishr, a security official for the Government of National Accord (GNA), separately gave a toll of 23 loyalist forces killed and more than 29 wounded. In the south of Tripoli, an armed group loyal to the GNA seized a prison holding senior ...

Read More »
Scroll Up