Author: Siddique Islam

DSE terms budget capital-market friendly

Dhaka, Bangladesh (BBN)- The Dhaka Stock Exchange (DSE) hailed the government for laying emphasis on capital market in the upcoming budget, saying the incentives proposed in the budget will help to expedite the capital market. “The budget proposals were capital-market friendly and showed the government’s willingness to stabilise as well as to improve the capital market,” said DSE chairman Justice Siddiqur Rahman Miah on Sunday at a post-budget press briefing held at the DSE premises. “The budget proposals for capital market would also create a positive impact in the stock market,” said Mr Rahman adding that it will attract...

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Bangladesh’s FX, money markets open stable, stocks up

Dhaka, Bangladesh (BBN) – Bangladesh’s both foreign exchange and money markets remained almost stable while the stocks up in early hours of trading on Sunday. The call rate ranged between 5.25 per cent and 6.75 per cent on the day unchanged from the previous level. But most of the deals were made at rates between 5.50 per cent and 6.50 per cent on the day, market operators said. On the other hand, the banks quoted the dollar signal rate at BDT 77.80 in the last week unchanged from the previous level. DSEX, the prime index of the DSE, rose 57.85 points or 1.25 per cent to reach at 4,649.28 points, after first 30 minutes of trade, when the report was filed at 11am. The two other indices also saw upward trend. DS30 index, comprising blue chips, gained 21.57 points or 1.22 per cent to stand at 1,786.75 points. The DSE Shariah Index (DSES) advanced 12.39 points or 1.10 per cent to stand at 1,129.98 points. The port city bourse – the CSE also saw sharp gain in early hour of trading with its Selective Category Index — CSCX – gained 83.35 points to stand at 8,690.51 points, also at 11am. BBN/SSR/AD-07June15-11:15 am...

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Sunday’s morning business round up of Bangladesh

Dhaka, Bangladesh (BBN) – The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh. India to give $2b in low-cost loans India will provide $2 billion of fresh low-cost loans to Bangladesh, most of which will be used for connectivity-related projects to increase trade between the two countries. “Our development partnership is scaling new heights,” Indian Prime Minister Narendra Modi said after a preliminary agreement was signed yesterday. The fund will support infrastructure and other development activities in Bangladesh, he added. Indian cos to invest $5.5bn for setting up...

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Bangladesh expedites monitoring on bank’s OBU operations

Dhaka, Bangladesh (BBN) – The central bank has expedited its monitoring and supervision on off-shore banking units (OBUs) of the commercial banks after nearly 30 years of its inception in Bangladesh for minimising risks. As part of the moves, the Bangladesh Bank (BB), the country’s central bank, is now collecting information on assets and liabilities of each OBU on weekly basis for assessing their risks. Besides, the central bank has started preparations to bring the functions of OBUs under regular monitoring by amending the existing provisions on operation and establishment of the OBUs operations in Bangladesh. The BB’s latest...

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