Inward remittances need to be aggressively promoted
Inward remittances have become an important component of the Bangladesh’s economy over the years. Bangladesh is among the top ten recipients of remittances in the world. Remittance as a percentage of GDP has increased from 6% in FY2004 to 11.4% in FY2010. Remittance inflow has been the backbone, providing support to the international reserves of the country. Historically, most of the remittance inflow comes from the Middle East and overall, the remittance from the Middle East constitutes about 66% of total remittancereceived by the country. ....leave your comments click here to read this article
Recent Budget Announcement
Bangladesh FM has recently unveiled a Taka 163,589 crore (US$22 billion) budget for the financial year 2011-2012 last month aiming a record high 7 per cent growth and to increase spending on key sectors by nearly a third to tackle its acute power shortage, poverty and inflation. Finance Minister Abul Maal Abdul Muhith announced the budget with a focus on employment generation, proposing a 23 per cent higher outlay for the next financial year, which is up by Taka 31,589 crore over the actual outlay of Taka 132,000 crore of the outgoing fiscal. Simultaneously the inflation was also expected to ease slightly to 7.5 per cent against a revised target of 8 percent this year as price spiral of food strained government finances by amplifying its already huge subsidy bill. ....leave your comments click here to read this article
Dividends Collection is much safer Investment in volatile market
After a runaway rally in the last calendar year, stock market in Bangladesh has finally witnessed a pause over the past few months with some volatility. After sustaining an upward momentum, the stock markets have refused to move upwards in a straight line, and are showing signs of choppiness over the past several weeks. While one of the reason why the benchmark indices have taken some profit taking over the past few weeks includes the spiraling crude oil prices and a shift in focus of investors towards precious commodities, there are some investors, still betting on stocks, which could offer healthy returns even in times, when market takes time to consolidate near current levels before a decisive breakout. ....leave your comments click here to read this article
New IPOs Activities So Far For This Year
The current year has turned out to be a mixed year so far for the IPO’s launched in Bangladesh over the past five and a half months. An aggregate of seven public issues have so far been thrown open for the public for subscription in the current year. While at least three of these issues have been offered at a premium, the other four IPO’s have come out so far at par. Out of the seven IPOs so far floated in the primary market till today in the current year, four of these issues have come out from new companies including Salvo Chemical Industries, M.I. Cement Factory, Baraktullah Electro Dynamics Ltd and MJL Bangladesh Ltd. ....leave your comments click here to read this article
The Book Building Method’s Affect At Bangladesh Stock Market
It is the process of determining the price at which an Initial Public Offering is offered. The book is filled with the range of prices that investors indicate they are willing to pay per share, and when the book gets closed on the closing of primary issue, the issue price is determined by an underwriter or merchant banker by analyzing these values. It is the solicitation of tentative interest from likely institutional and individual investors by the investment banking syndicate of a new security issue before the offering has been approved by the Securities and Exchange Commission.....leave your comments click here to read this article
Where Mutual Funds Stay After A Decade
Even as the stock markets have started maturing of age over the past one decade, the growth of mutual fund in Bangladesh has been slow. Only recently there has been a rush for new funds. Many banks and financial institutions continue to in the queue with proposals for their funds. Mutual fund is a fund under a trust. Investment in mutual fund is ideal for investors who do not want to take risk because the fund is managed professionally and the collective investment is diversified....leave your comments click here to read this article
A Few Milestones in DSE in 2010
The Bangladesh capital market continued to rally handsomely in 2010 even though U.S and European market had to recover from recession effect. The market capitalization to GDP ratio has been increased over the year from 30% to 50%. DSE General Index (DGEN) has gained its peak at 8,918.51 point in December 5, 2010 and the lowest value was at 4,568.40 point. Over the year, DGEN increased 82.78% and reached at 8,290.41 point at the end of the year. The total market capitalization of all shares and debentures (excluding t-bills and t-bonds) of the listed securities at the end of December, 2010 also stood higher at USD 49.4 billion, indicating a gain of 84 percent which was higher than USD 26.8 billion at the end of December, 2009. . ....Leave your comments click here to read this article
US for govt talks with Yunus ..share your opinions.
The United States yesterday called for a dialogue between Prof Muhammad Yunus and Bangladesh government to reach a solution to the dispute over the status of the Nobel laureate in the Grameen Bank he founded. I do believe that a compromise is possible and I am encouraging dialogue between the parties to find a mutually acceptable solution,'' Robert Blake, US assistant secretary of state for South and Central Asian Affairs, told a news conference at the American Club in Dhaka...Leave your comments click here to read this article