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BICM Trains Women Investors Regarding Capital Market
Bangladesh Institute of Capital Market (BICM) has organized an investment education program titled “Essentials of Capital Market Investment for Women Entrepreneurs.” This initiative is specifically aimed at female investors and entrepreneurs.
The program took place on Tuesday, September 12th, at BICM’s multipurpose hall. Over a hundred female members from “Women and E-commerce (WE),” an organization comprising numerous women entrepreneurs, participated in this training program.
The chief guest at the event was Dr. Mahmuda Akter, the Executive President of the Bangladesh Institute of Capital Market (BICM). Among the notable attendees were Nasima Akter Nisha, the President and Founder of Women and E-commerce (WE), as well as Irene Parveen, the Executive Director of WE. The executive committee director, Salma Parveen, and Rakiba Parveen, members of BICM’s Women Entrepreneurs and Development Committee, were also present. Additionally, the event was graced by Kashfiya Sharmin, Assistant Professor and Assistant Coordinator of the committee, Dr. Tamanna Islam, Assistant Professor and committee member, S. M. Kalbin Chalima, Lecturer, Faima Akter, Lecturer, and Gaurab Roy, Lecturer, all from BICM.
Addressing the gathering, Professor Dr. Mahmuda Akter highlighted that the Bangladesh Institute of Capital Market (BICM) has been consistently providing training on various relevant subjects in the financial/stock market. As part of this commitment, the institute has organized this training program specifically for women investors. Dr. Mahmuda Akter emphasized the importance of women being well-informed and cautious with their savings when investing in the capital market. She underscored BICM’s dedication to equipping women with the knowledge and skills needed to make informed and secure investments in the capital market.
Irene Parveen, the Executive Director of Women and E-commerce (WE), stated that WE members are actively seeking education not only in e-commerce but also in investment through the Bangladesh Institute of Capital Market (BICM). The aim is to equip WE members with the skills and knowledge required to engage in investments in the capital market alongside their e-commerce ventures.
It’s noteworthy that BICM has been conducting regular “Free Investors’ Education Programs” with the objective of enhancing investment awareness among ordinary investors in the Capital Market. In addition, the institute organizes certificate training programs on various contemporary topics for capital market professionals.
The spot rate for shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains in 2021.
The rate for a 40-foot container to Genoa, Italy, from China hit $7,029 over the past week, the highest level since September 2022, according to the Drewry World Container Index released Thursday. The cost to Rotterdam increased to $6,867. Both rates have essentially doubled since April.
For the busy trade route from Shanghai to Los Angeles, the rate rose for a seventh straight week, to $6,441.
While not all freight is moving at such elevated prices, the spot market for containers reflects the supply of available space on ships and the demand from importers. That balance has tightened during the past six months as vessels avoid the Red Sea, where Houthi rebels have attacked commercial traffic, including a bulk commodity carrier that sunk earlier this week.
Most container lines are taking the longer route around southern Africa, creating disruptions similar to those two or three years ago. Ryan Petersen, founder and chief executive officer of Flexport Inc., said “we’re right back almost to where we were during the peak Covid situation.” He’s seeing spot rates even higher than the numbers Drewry just reported.
“Right now, if you want to ship a container from China to here in the UK it will cost you about $10,000 unless you have a contract,” Petersen said during a Bloomberg Television interview in London on Thursday. “And by the way, most of those contracts that were signed at lower prices are not being honoured and they’re adding surcharges to them.”
Petersen said it’s hard to predict how long shipping prices will keep climbing, noting that carriers spent some of their record-high profits made during the pandemic on new vessels that are entering service through 2026, which should help ease the latest capacity crunch.
But he also said uncertainty about delivery reliability later this year is worrying some companies and motivating them to order now rather than wait. Among the threats is a dockworker strike at ports along the US East and Gulf coasts, which Petersen said might send container rates above their pandemic highs if cargo bound for those gateways is significantly disrupted.
Prime Minister Sheikh Hasina has called on United Arab Emirates (UAE) investors to invest in Bangladesh’s special economic zones. The request was made during a meeting with UAE Ambassador Abdulla Ali Abdulla Khaseif Alhmoudi at her official residence, Ganabhaban, this morning.
According to the Prime Minister’s Press Secretary, Md Nayeemul Islam Khan, the UAE ambassador assured the prime minister that his country would issue visas for Bangladeshi workers, ensuring they have jobs waiting for them in the UAE. The envoy emphasized the importance of preventing illegal migration from Bangladesh, a concern both countries agreed to address more diligently.
The UAE ambassador also mentioned that several UAE ministers are planning to visit Bangladesh soon to explore new avenues for strengthening bilateral relations. “We already have a very extensive and deep tie, but we are eager to take it to a new height,” Alhmoudi stated.
Alhmoudi highlighted that approximately 20,000 Bangladeshis travel to the UAE each month, with the UAE embassy issuing around 1,000 visas daily—500 directly and 500 through agents. He extended an invitation to Prime Minister Sheikh Hasina to visit the UAE, noting that UAE President Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum are eagerly waiting to welcome her.
In response to Sheikh Hasina’s appeal for UAE investment in Bangladesh’s special economic zones, Alhmoudi said that the visiting UAE ministers would discuss the matter further. The envoy also sought cooperation from the prime minister to expedite UAE investments in Bangladesh, including in the container terminal sector. Sheikh Hasina assured him that her government is accelerating processes across all sectors.
Additionally, Alhmoudi mentioned that a UAE company is in the final stages of negotiating prices to provide an Advance Passenger Information System (APIS) to Bangladesh’s civil aviation sector. The prime minister delegated the task to PMO Secretary Mohammad Salahuddin.
For security reasons, the US, EU member states, and other countries now require detailed passenger information from airlines before travel, known as Advance Passenger Information (API).
One of the listed companies, Bata Shoe Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 13.42 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 9.96 (restated) 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 251.35.
