Stocks
PM Sheikh Hasina Urges IOM for Rohingya Refugee Assistance
Prime Minister Sheikh Hasina urged the International Organization for Migration (IOM) to secure additional funding from diverse sources to aid Rohingya refugees in Bangladesh during a courtesy meeting with its Director General (DG), Amy Pope, at Ganabhaban.
Quoting the PM, her Speech Writer M Nazrul Islam conveyed her concern over dwindling funds for Rohingya assistance and encouraged the IOM to seek new partnerships to bolster support for the displaced Myanmar nationals.
In a subsequent media briefing at the PM’s official residence, Islam disclosed that PM Sheikh Hasina also urged the IOM to facilitate the relocation of Rohingyas to Bhashanchar, where accommodations for up to one lakh Rohingyas have been prepared with essential amenities such as education, healthcare, and employment opportunities.
Approximately 30-35 thousand Rohingyas have already been relocated to Bhashan Char.
During the meeting, the IOM DG raised security concerns within the Rohingya camps, prompting assurances from PM Sheikh Hasina regarding adequate deployment of security personnel to ensure the safety of the refugees.
Highlighting the internal conflicts among Rohingya groups, the PM acknowledged the demographic shift in localities due to the large Rohingya population.
Pope emphasized the importance of providing language and cultural training to migrants to enhance their skills according to the demands of host countries. In response, PM Sheikh Hasina highlighted the government’s emphasis on vocational and linguistic training, with 112 Technical Training Centres (TTCs) established nationwide.
PM also underscored poverty reduction as a means to mitigate migration, outlining various government programs aimed at supporting migrants, including providing loans without collateral.
She emphasized the responsibility of both host and source countries in safeguarding the interests of migrants and addressing climate-induced migration, particularly in Bangladesh’s vulnerable coastal areas.
PM Sheikh Hasina reiterated that migration, including internal displacement due to climate change-induced factors such as river erosion, floods, and cyclones, is a natural phenomenon. She underscored the importance of comprehensive measures to address these challenges, including the provision of housing and support for affected communities.
Highlighting Bangladesh’s vulnerability to climate change, the PM mentioned the government’s efforts to provide housing to over 4000 climate refugees in Khurushkul, Cox’s Bazar. Additionally, she emphasized ongoing initiatives to construct climate-resilient housing in coastal areas and floating houses in flood-prone regions, all aimed at providing shelter to vulnerable populations.
The meeting also addressed the broader issue of migration, with PMSheikh Hasina emphasizing the need for collaboration between host and source countries to protect the rights and interests of migrants. She highlighted Bangladesh’s commitment to supporting its migrant workers, including through skills training and access to financial resources.
The PM’s remarks underscored the government’s multifaceted approach to addressing the complex challenges of migration and climate change, emphasizing the importance of international cooperation and support in mitigating these issues.
Stocks
Indices Negative Amidst Turnover Hikes
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
Stocks
National Polymer Announce Their Dividends & Q2 Financials
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
Stocks
Beacon Pharma Declares Their Dividends
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.