Connect with us


Bangladesh Money Market Faces Liquidity, Discipline Concerns: BSEC Chief




Professor Shibli Rubayat-Ul-Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC), has identified liquidity mismanagement and indiscipline as the biggest problems for the money market presently.

Speaking at the Inter-University Capital Market Based Real-Time Investment Competition called “NeXTor,” organized by the East West University Investment and Finance Club, Shibli mentioned that lenders often meet investment demands by lending for the long term with money collected for the short term.

He noted that since the country’s independence, the economy has been largely shaped by the money market, but mismanagement of funds has led to a surge in non-performing loans (NPLs) there.

According to recent Bangladesh Bank figures, as of December last year, NPLs at banks amounted to Tk1,45,633 crore, which was 9% of their total outstanding loans, up from the previous year’s 8.16%.

Former Bangladesh Bank Governor Mohammed Farashuddin, speaking at the same event, echoed the sentiment of the BSEC chairman. He highlighted challenges faced by banks in managing funds for long-term investments due to their tendency to gather short-term deposits, sometimes for just one day.

Farashuddin pointed out that the country’s economy consistently grapples with an investment gap to satisfy the demand, suggesting that the capital market has the potential to bridge this divide and play a pivotal role in long-term investments.

Shibli emphasized the evolution of the country’s capital market beyond equity-based investments to offer diverse options capable of meeting long-term investment needs. He proposed the establishment of a robust capital market, including the introduction of a debt board for fundraising through bonds and an SME platform supporting small businesses.

He also disclosed plans to launch a commodity market through the Chittagong Stock Exchange to mitigate issues such as over and under-invoicing.

At the event, the East West University Investment and Finance Club recognized three winners in the real-time investment competition, which saw participation from 22 universities. Dhaka University emerged as the winner, with Bangladesh University of Professionals and North South University securing second and third positions.

Shibli highlighted that through such competitions, participants gain practical insights into the capital market, emphasizing the importance of experiential learning beyond theoretical knowledge.

Share this


PM Sheikh Hasina Hails Bangladesh as a Role Model for Global Peace



Sheikh Hasina

Prime Minister Sheikh Hasina declared today that Bangladesh has become a role model in global peacekeeping, urging for the cessation of ongoing wars and advocating for dialogue to resolve conflicts, redirecting funds from arms races to human welfare.

“Bangladesh is a dependable name in the efforts of protecting peace and safety alongside establishing global peace. We are acknowledged by all and have become a role model on the global stage,” she stated.

The Prime Minister made these remarks while addressing an event at the Bangabandhu International Conference Centre (BICC) marking the International Day of UN Peacekeepers 2024.

She noted that 6,092 Bangladeshi peacekeepers, including 493 women, are serving with distinction in 13 UN peacekeeping missions.

“Our peacekeepers are working with fame and glory,” she said, adding that heads of state and government where Bangladeshi peacekeepers are deployed have highly praised their efforts.

“I feel really proud hearing the appreciation,” she continued.

Sheikh Hasina emphasized that Bangladesh follows the ideals of Father of the Nation Bangabandhu Sheikh Mujibur Rahman in its pursuit of global peace.

“We are actively participating in other international forums alongside the UN peacekeeping missions to establish global peace,” she said.

She recalled that Bangladesh’s “Culture of Peace” proposal was unanimously adopted by the UN in 1999, leading to the declaration of the year 2000 as the “International Year of the Culture of Peace.”

The Prime Minister highlighted Bangabandhu’s role as an envoy of peace and a voice for the oppressed, which earned him the “Joliot Curie Peace Medal” on May 23, 1973.

Sheikh Hasina commended Bangladeshi peacekeepers for their dedication to protecting civilians, human rights, and establishing peace globally, noting that they have shared Bangladeshi culture and language with the communities they serve.

“The people of those countries have given you untold love and affection,” she said.

“Overall, our professionalism, efficiency, and commitment in establishing global peace have set an example for others,” she continued, urging peacekeepers to continue their efforts to enhance Bangladesh’s reputation further.

She paid tribute to the 168 Bangladeshi peacekeepers who lost their lives and the 266 who were severely injured in the line of duty.

Chief of Army Staff General S M Shafiuddin Ahmed, Senior Foreign Secretary Masud Bin Momen, and United Nations Resident Coordinator Gwyn Lewis also spoke at the event. The program began with a minute of silence to honor the fallen peacekeepers.

A video documentary showcasing the achievements of Bangladeshi peacekeepers in UN missions was screened, and the Prime Minister handed out awards to three injured peacekeepers.

Share this
Continue Reading


Takaful Insurance reveals their Dividends, Q1 Financials



Insurance takaful

One of the Listed companies, Takaful Islami Insurance Co. Limited has recommended 10% Cash Dividend for the year ended December 31, 2023.

In terms of financial performance, The Company has also reported EPS  of Tk. 1.47 for the year ended December 31, 2023. NAV per share of Tk. 19.18.

The Annual General Meeting (AGM) of the company will be held on August 10, through the digital platform. The record date for this has been fixed at June 27.

Q1 Financials: The company’s earnings per share (EPS) was Tk 0.38 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 0.37 paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 19.26.

Share this
Continue Reading


DSE Dips Again



dse bourse index turnover stock

Dhaka Stock Exchange DSE, Bourse on the third working day of the week, 28th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.

442 crore 72 lakh taka shares were traded on this day. 65 crore 39 lakh less tradings were done in DSE today compared to the previous workday, 27th May , Shares worth Tk 506 crores 12 lakh shares were traded last time, Monday

The benchmark DSEX lost 31.63 points or 5,278 The Shariah-based index DSES dropped 7.63 points or 1,152, and the blue-chip index DS30 decreased by 13.92 points or 1,886.

Of the issues traded, 92 advanced, 265 declined and 37 remained unchanged.

Global Heavy Chemicals Limited ranked top gainer on DSE, the share price increased by Tk 2.30 paisa or 9.70 percent. On this day, the share was last traded at Tk 26.00 paisa.

National Life Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 3.20 paisa or 3 percent. On this day, the share was last traded at Tk 103.60 paisa.

DSE topped on trade is IFIC Bank PLC 21 crore 39 lakh takas of company shares have been traded.

A total of 38 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 2 crore 9 lakh 42 thousand 4 shares of the companies were traded. The financial value of which is 41 crore 34 lakh taka

Share this
Continue Reading