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Bangladesh Economic and Stock Market Update

Recent reports highlight a significant decline in garment exports to the US, dropping by 25% in 2023, alongside a surge in stock market activity with the DSE market cap increasing by Tk16,420 crore. The banking sector faces scrutiny with warnings issued to nine banks over illegal forex trading, while calls for mergers among weak banks gain traction. Additionally, the government is implementing tax cuts on essential imports ahead of Ramadan to alleviate economic pressures.

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0% found this document useful (0 votes)
4 views7 pages

Bangladesh Economic and Stock Market Update

Recent reports highlight a significant decline in garment exports to the US, dropping by 25% in 2023, alongside a surge in stock market activity with the DSE market cap increasing by Tk16,420 crore. The banking sector faces scrutiny with warnings issued to nine banks over illegal forex trading, while calls for mergers among weak banks gain traction. Additionally, the government is implementing tax cuts on essential imports ahead of Ramadan to alleviate economic pressures.

Uploaded by

ba2790766
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

The Business Standard – Akash

The Daily Star – Khadija (8)

Financial Express – Jubayer (23)

Business Insider/The Business Standard– Sakur

New Age – Chora (13) - 11 th February, 2024

Bonik Barta - Progga(0)

Financial express:
Stock:
Prime index rally continues on increased appetite for bank stocks
[Link]
appetite-for-bank-stocks-1707418287?date=09-02-2024
DSEX gains as investors rush back
[Link]
1707495842?date=10-02-2024
Investors to get the taste of deception, as energy policy tilts towards coal
[Link]
deception-as-energy-policy-tilts-towards-coal-1707579178
BAT Bangladesh declares lowest div in a decade
[Link]
div-in-a-decade-1707495892?date=10-02-2024

Economy:
Garment exports to US market plummet by 25pc in 2023
[Link]
in-2023-1707499973?date=10-02-2024
Income inequality, inflation increase poorest households
[Link]
households-1707413775?date=09-02-2024
China fund likely for Teletalk's 4G network expansion
[Link]
expansion-1707584389
Central govt debt up for forex market volatility
[Link]
1707584446
Banks find liquidity support thru AR as boon
[Link]
1707584836
Bankers propose cuts in corporate tax rates
[Link]
1707584894
Malaysian investment sought in palm oil industry
[Link]
1707500546?date=10-02-2024
3 more LNG terminals to be set up
[Link]
BFIU suspends 5005 MFS agents for illicit transactions
[Link]
transactions-1707500141?date=10-02-2024
Ctg port's box handling in January rises 18pc
[Link]
1707500408?date=10-02-2024
Govt slashes taxes on essentials, eyes special imports from India
[Link]
imports-from-india-1707413850?date=09-02-2024
Minister endorses weak banks' mergers medication
[Link]
medication-1707413945?date=09-02-2024
Mattress money buildup drops by Tk 370 billion
[Link]
1707414037?date=09-02-2024
Over 10m income taxpayers in country now
[Link]
1707414077?date=09-02-2024
Tax incentives for SMEs, high tax-free limit sought
[Link]
1707414433?date=09-02-2024
BEPZA suggests rationalising HS Codes
[Link]
1707414482?date=09-02-2024
DCCI urges Armenia to import IT, infra manpower from BD
[Link]
from-bd-1707414626?date=09-02-2024
Plastic product makers push for cash stimulus
[Link]
1707417505?date=09-02-2024
No backtracking on LDC graduation
[Link]
date=09-02-2024
US-Bangla Airlines expands int'l routes with new Airbus
[Link]
new-airbus-1707495692?date=10-02-2024
34.5 per 1,000 poorest Bangladeshis show signs of disability: Survey
[Link]
of-disability-survey-1707500078?date=10-02-2024

New Age:
Stock and Corporate:
Stocks rise in past week, turnover hits 16-month high
[Link]
turnover-hits-16-month-high
Dhaka stocks gain for ninth day
[Link]
day
BAT Bangladesh obtains AWS Core Certification for its Savar factory
[Link]
core-certification-for-its-savar-factory

Economy:
9 banks warned over alleged illegal forex trading at HSIA
[Link]
illegal-forex-trading-at-hsia

Tk 18,326cr farm loans disbursed in July-Dec


[Link]
disbursed-in-july-dec
BB asks banks to adopt universal pension scheme
[Link]
universal-pension-scheme
Bangladesh-India river trade route in Rajshahi to open Monday
[Link]
route-in-rajshahi-to-open-monday
Apparel exports to US fall by 25pc in 2023
[Link]
25pc-in-2023
Bangladesh seeks to import more onion, sugar from India
[Link]
more-onion-sugar-from-india

Plastic goods manufacturers demand reconsidering decision over cash


incentives' rate
[Link]
demand-reconsidering-decision-over-cash-incentives-rate
IMF mission due next month: minister
[Link]
minister
Govt cuts VAT, duty on import of 4 essential items before Ramadan
[Link]
of-4-essential-items-before-ramadan
Shark Tank Bangladesh begins tomorrow
[Link]
begins-tomorrow

Bonik Barta:
Stocks:
If you give a business idea, you will get investment
[Link]
Internal revenue should be increased to develop the country - NBR Chairman
[Link]

Economy:

The Business Standard


Stocks:
DSE market cap surges Tk16,420cr last week
[Link]
790766
After acquisition, LR Global eyes revival of Padma Printers
[Link]
printers-790762
86MW Shahjibazar power plant shuts operations as contract expires
[Link]
contract-expires-790758
BAT Bangladesh announces lowest dividend in over a decade
[Link]
lowest-decade-789766
DSE turnover hits Tk1,858cr milestone as buying spree continues
[Link]
spree-continues-789742
I-Mart Engineering eyes expansion with Tk20cr stock market raise
[Link]
market-raise-789734
Walton's sponsor director to offload 100,000 shares
[Link]
789630

Economy:
Despite surplus production, why is Bangladesh still importing rice?
[Link]
importing-rice-790802
Not fixing old mistakes to derail roadmap on fixing banks’ health: Prof Wahiduddin
[Link]
available-prof-wahiduddin-mahmud-790670
A step closer to ease, transparency: Municipal tax going online
[Link]
790242
CEOs of nine banks asked to transfer officials over currency irregularities
[Link]
currency-irregularities-790122
One-stop services for investors at hi-tech parks soon: Palak
[Link]
789770
Bajus call for VAT cuts as 3-day Jewellery fair kicks off in Dhaka
[Link]
Urgent action needed to tap into blue economy potential: Economists
[Link]
economists-789746
No more new funds from refinance scheme: Governor
[Link]
789726

Business Insider
Economy:
4IR inclusion in CMSME imperative to boost economic conditions
[Link]

The Daily Star


Stocks:
Retail investors' holdings in stocks fall by half in 12 years as appetite dwindles
[Link]
half-12-years-appetite-dwindles-3541101

Yields on bills and bonds are rising. What does it mean for credit flow to private sector?
[Link]
mean-credit-flow-private-sector-3540796
RFL Footwear looks to raise non-leather exports to Africa
[Link]
africa-3540911

Brokerage houses nudge investors into treasury bonds after initial apathy
[Link]
treasury-bonds-after-initial-apathy-3539616

Berger appoints IDLC as issue manager


[Link]
manager-3539506

Economy:
Garment exports to US dropped 25% last year
[Link]
year-3541091

Banking sector reform roadmap useless if past failures not understood


[Link]
useless-if-past-failures-not-understood-3541096

Merging the banks for better financial governance


[Link]
governance-3541086

RMG workers stage demo for arrears


[Link]
3540876

Nine banks asked to tighten forex vigilance at Dhaka airport


[Link]
vigilance-dhaka-airport-3539611
Banks asked to encourage staff to take Universal Pension Scheme
[Link]
universal-pension-scheme-3539581

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