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BSEC, BIDA to host ‘The Rise of Bengal Tiger’ Summit in South Africa
The deep-rooted ties between Bangladesh and South Africa are set to be further fortified as the two nations embark on a path of trade and investment partnership. The historical connections, dating back to Bangladesh’s resolute support for ending apartheid in South Africa, have laid the foundation for this robust collaboration. Formally established in 1994, diplomatic relations have evolved into a tapestry of shared values and mutual cooperation.
The Radisson Hotel & Convention Centre in Johannesburg is abuzz with activity on Wednesday (August 23), to host the groundbreaking event, ‘The Rise of Bengal Tiger: Bangladesh Trade & Business Summit.’ The summit, jointly organized by the Bangladesh Securities and Exchange Commission (BSEC) and the Bangladesh Investment Development Authority (BIDA), seeks to harness the potential of these two economies. Her Excellency Sheikh Hasina, the Honorable Prime Minister of Bangladesh, lauds the occasion as the Chief Guest, reflecting the significance of the summit.
The summit’s agenda reflects a comprehensive approach to fostering trade and business relations between the two nations. The event will begin with a networking session, allowing dignitaries, delegates, and business leaders from both countries to engage and establish meaningful connections. This was followed by an insightful presentation on the Bangladesh economy, aptly titled ‘The Rise of Bengal Tiger.’ The resilience and growth of Bangladesh’s economy were showcased, setting the tone for the day’s discussions.
Acknowledging the importance of this partnership, a distinguished guest from South Africa will share their perspective on the occasion. This will be followed by a keynote speech by Her Excellency Sheikh Hasina, where she shall highlight the historical bonds and outline the collaborative avenues ahead. The event shall reach its apex with a panel discussion on ‘New Business Avenues and Opportunities Between South Africa and Bangladesh,’ fostering dynamic conversations about the potential for synergy.
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
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.
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.
