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Textile, Garments Machinery Exhibition starts

The 12th Dhaka International Textile and Garments Machinery Exhibition started on Wednesday (February 4) to be continued till 7th February, 2015 at Bangabandhu International Conference Center (BICC) in Dhaka. RMG FiarIn the press conference, Mr. Tapan Chowdhury, President of the Association announced that about 880 Machine Manufacturing Companies from 33 Countries will attend this Fair. The fair will be open for visitors from 12 PM to 8 PM every day of the session.

BSEC, DSE meet held

Bangladesh Securities and Exchange Commission (BSEC) and the Dhaka Stock Exchange (DSE) held a meeting on Wednesday at BSEC about the overall situation in the capital market. The meeting came up with 5 issues, including meeting with Bangladesh Bank CDBL charges. dse cseAfter the meeting, the BSEC Independent Director Professor Abul Hashem said that the current market situation has been discussed with the Bangladesh Bank and BSEC meeting. We are told that the three-party meeting (the Bangladesh Bank, BSEC, DSE) and we have proposed the meeting to make it eff...

Market fears of political unrest

The capital market of Bangladesh is capturing deep concerns as the capital spending by the institutional and small investors has seen no profit due to political turmoil. The market is witnessing a fall time and therefore, the tactical investors is taking negative strategies to buy shares. They are now not interested to buying. In addition, some of them are involved in raising money by selling shares to the current portfolio. The main reason seems to be doing political instability and regulatory inactiveness. Recently, amidst the every day fall, investors are losing capital. dse cse

RAK okays 25pc cash dividend

The Board of Directors of RAK Ceramics (Bangladesh) Ltd has recommended 25 percent cash dividend for the year ended on December 31, 2014. dse cseThe Company has further informed the following:1. The entire shareholding i.e. 1,92,500 number of ordinary shares of BDT 100/- each of RAK-MOSFLY (Bangladesh) Pvt. Ltd. held by RAK Ceramics (Bangladesh) Limited [Associate of RAK Ceramics (Bangladesh) Limited be sold to Dr. M.A. Malek [ existing shareholder of RAK-MOSFLY (Bangladesh) Pvt. Ltd. BDT 100/- per share totaling to :BDT 1,92,50,000/- only subject to appr...

Regulators discuss market situation

BSEC and other regulatory bodies will sit today for discussion with current market condition at 12 PM in the BSEC Office. The Market is going down day by day for the political unrest and also the regulatory bodies’ conditions on different aspect. dse cseThe Merchant Banks and other Financial Institutions are in a binding position of Bangladesh Bank in several areas from the investment in the Capital Market. They will conduct to reduce such barriers. It is informed that the Bodies will discuss about the workings of the Market at the time of political unres...

Why Bangladesh’s politics are broken

FOR the past month Bangladesh, a country of nearly 160m people, has (yet again) been paralysed. The opposition leader, Khaleda Zia, has been confined to a party office in the capital, Dhaka. Her Bangladesh Nationalist Party (BNP) has been staging a nationwide blockade of roads, railways and waterways. The trigger for the unrest was a banned protest to mark the anniversary on January 5th of last year’s election, in which the incumbent Awami League, led by the prime minister, Sheikh Hasina, was re-elected easily thanks to an opposition boycott. Nearly 50 people have been killed and more than 10,000 opposition activists arrested. BNP leaders are mostly in jail, in exile or in hiding, and face criminal charges that will probably bar them from running in the next election. This week events a...
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