Tag Archives: market

PM terms onion crisis temporary

onion

MNA National Desk: As the onion market still remains overheated, Prime Minister Sheikh Hasina on Tuesday termed the crisis temporary, saying there is nothing to worry about it. “The crisis is temporary. It won’t last for long. There’s nothing to worry,” she said while addressing a press conference at her official residence Ganobhaban on her Azerbaijan tour for attending the 18th summit of the Non-Aligned Movement (NAM). The Prime Minister said 55,000 tonnes of onions are entering the country. Foods can be cooked without onion, she said, adding that many items are cooked without onion at her residence, too. On ...

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Comprehensive framework to develop bond market drafted

bond

MNA Business Desk: A comprehensive framework to develop the country’s bond market has been drafted by a designated working committee. Titled as ‘Comprehensive framework on the development of bond market in Bangladesh’ the draft report has also been made available to public on Monday. The government assigned nine-member working committee, headed by Md. Khurshid Alam, general manager of debt management department of Bangladesh Bank earlier submitted the report to the governor of Bangladesh Bank. The 45-page report reviewed the current status of bond market, pointed out the barriers to develop a vibrant bond market and spelled out a number of ...

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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 ...

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Stocks edge down amid volatile trading

Stocks

MNA Business Desk: Stocks finished marginally lower on Wednesday as investors were mostly cautious amid ongoing sluggish market trend. Market analysts said investors remained worried about the recent volatility of the market and maintained cautious stance, taking the market in the negative territory once again. The market opened on positive note and the key index of the major bourse rose about 12 points within first 10 minutes of trading. But late hour sale pressure led the prime index to close lower. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4936, losing 13.02 points or 0.26 per ...

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DSEX hits more than one-month low

DSEX

MNA Business Desk: Stocks extended the losing streak for the third straight session on Sunday as risk-averse investors continued their selling binge on sector-wise stocks. DSEX, prime index of Dhaka Stock Exchange (DSE), went down by 25.09 points or 0.49 per cent to settle more than one-month low to 5,070. Market analysts said most of the institutional investors are suffering from liquidity shortage while recent market fall created a fright of further fall so general investors are also losing confidence to invest. Two other indices also ended lower. The DS30 index, comprising blue chips, fell 8.62 points to finish at ...

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Netflix to launch cheaper mobile-only plan for India

Netflix

MNA Culture & Entertainment Desk: Netflix says it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company is losing customers in its home turf. India is among the last big growth markets for the company, where it faces competition from Amazon.com’s Prime Video and Hotstar, a video streaming platform owned by Walt Disney’s India unit, reports Reuters. Netflix lost US streaming customers for the first time in eight years on Wednesday, when it posted quarterly results. It also missed targets for new subscribers ...

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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. ...

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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 ...

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Share market manipulators to face action: PM Hasina

share

MNA National Desk: Prime Minister Sheikh Hasina on Tuesday warned that action will be taken if anyone wants to play with the share market. “… if anyone wants to play (with the market), obviously we’re taking action and will take so,” she said while giving her winding-up speech in the second session of the 11th parliament, UNB reports. The Prime Minister said the government has taken many steps to keep the share market stable. “Those who are going to the market should know that there’s the possibility of both profit and loss. When you make profits, you’ll be happy but when ...

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BB warns nine banks on rigged dollar sale

dollar

MNA Business Desk: Bangladesh Bank warned Dutch-Bangla Bank, Dhaka Bank, Trust Bank, BASIC Bank, Mutual Trust Bank, City Bank, Prime Bank, NCC Bank and Exim Bank on rigged dollar sale. The central bank said those banks have reported less than what they have charged importers for dollars. Regulators now seek explanations on why they would not be penalized for giving false information by hiding the actual data. The banks face a three-day deadline to respond to the notice issued on Sunday. If a bank fails to respond properly, it will be fined under the existing law. “The banks have taken ...

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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, ...

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The effective ways of trading stock in market

stock

MNA Life Style Desk: As the economy is going down, a stock trader’s life is getting harder. However, a great stock trader will always find a way to make money through stock trading. The more you know about the trading market, the easier it gets for you to make money from it. That’s why even when the economy is not doing so well, a great stock trader will always know what to do, and will also make sure that he’s, or she’s, making profits on his or her invested money. Trading stocks To be able to start trading stocks, you’ll ...

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Fire broke out at Bashundhara City shopping mall

Bashundhara

MNA Editorial Desk: A massive fire broke out at Bashundhara City shopping mall in the city’s Panthapath area on Sunday morning. The fire broke out at level-6 of the market around 11.30am. The cause behind the fire could not be known instantly. Authorities have immediately removed shoppers and staff of the mall after fire erupted on the fifth-floor. As much as 20 units of the fire fighters have been working to extinguish the fire with insufficient logistics over the last three hours. The fire service said that they have reached to the spot immediately after heard the news. Annisul Huq, ...

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DSE and CSE restarted downward after Eid

DSE

MNA Business Desk: Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) has restarted on Sunday downward as maximum of the stockholders were in selling mode, capturing share price fall in the days ahead. The price directories locked flat when the bourses saw small level of transactions by the cautious buyers. Stock market shut pre-Eid transaction on 30 June upward, upholding a sound rise for the fourth successive session. There were no share exchange at Dhaka and Chittagong stock exchanges in the past nine days as the market stayed locked for Eid-ul-Fitr. DSE initiated the post-Eid period with sharp fall ...

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