TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
Rate last updated: 02/01/2014 11:15:04 AM
Inflation rose 10 basis points to 5.62 percent in July as both food and non-food prices moved upwards. In June, inflation was 5.52 percent, down 11 basis points compared to the previous month, because of a decline in both food and non-food prices. Planning Minister MA Mannan released the monthly consumer price index report of the Bangladesh Bureau of Statistics at the National Economic Council in Dhaka yesterday. He said the inflation slightly increased in the first month of the fiscal year as prices of vegetables rose because of heavy rains and floods in the rural areas. The floods and rains hampered production and disrupted the supply chain. Besides, people bought more products in Eid-ul-Azha, pushing up the price of both food and non-food items. Food inflation was up two basis points from 5.40 percent in June to 5.42 percent in July, while non-food inflation rose to 5.94 percent last month, up 23 basis points from 5.71 percent a month ago. a very strong growth in remittance in July is likely to have boosted demand pressure on both food and non-food inflation. The spending on the occasion of Eid-ul-Azha added about Tk 40,000 crore to the economy, up 29 percent year-on-year. About Tk 28,687 crore came from cattle sales and the remaining Tk 15,000 crore through the sales of commodities, refrigerators, freezers, clothing and furniture alongside transportation and tourism.
Source: https://www.thedailystar.net/business/news/inflation-edges-july-1787974
The share price of Monno Jute Stafflers is soaring without any price sensitive information (PSI) as the company’s price surged further by 3.88 per cent on Tuesday. In last one month, the company’s share price jumped more than 108 per cent or Tk 742 each to close at Tk 1,429 on Tuesday. The company’s share price was Tk 686.90 each a month ago on July 21 on the Dhaka Stock Exchange (DSE). The price ranged between Tk 641.10 and Tk 5,634.20 in last one year, according to DSE data. Following the recent abnormal price hike, the DSE served show-cause notice on the company on Tuesday. Investors should be careful about the unusual price hike of low-cap companies and should not pay any heed to rumors at the time of trading shares. The company’s Earnings Per Share (EPS) stood at Tk 5.70 for July 2018-March 2019 as against Tk 2.95 for July 2017-March 2018.The Net Operating Cash Flow Per s Share (NOCFPS) was Tk 4.38 for July 2018-March 2019 as against Tk 19.16 for July 2017-March 2018. The Net Asset Value (NAV) per share was Tk 17.54 as on March 31, 2019 and Tk 53.30 as on June 30, 2018.
Ten most-traded companies accounted for 29 per cent transactions on the Dhaka Stock Exchange (DSE) on Tuesday. United Power Generation & Distribution Company topped the list again. Market analysts said investors showed their appetite on United Power shares after that the company recommended healthy dividend for the year ended on June 30, 2019. The power generation company has recently recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019. The record date is on September 8. The United Power and its major shareholder United Mymensingh Power recently executed an agreement with an international private equity group for an investment of Tk 8.5 billion (approximately US$100 million) which also encouraged investors. According to statistics available with the DSE, 763,147 shares of United Power were traded, generating a turnover of nearly Tk 301 million, which was 6.36 per cent of the total turnover. The total turnover on the DSE stood at Tk 4.73 billion on Tuesday, down from Tk 4.85 billion in the previous session. The company’s share closed at Tk 394.40 each, gaining 0.72 per cent over the previous day. The company has also reported consolidated Earnings Per Share (EPS) of Tk 16.08, consolidated Net Asset Value (NAV) per share of Tk 62.80 and consolidated Net Operating Cash Flow Per Share (NOCFPS) Tk 16.14 for the year ended on June 30, 2019.
Bangladesh is going to be enlisted as a source country in terms of sending workers to Japan, creating scope for employment of its skilled labor. Both the nations will sign a memorandum of understanding styled ‘Specialized Skilled Workers’ on August 27. Once this deal is done, Bangladesh will be the ninth source country for the emerging Japanese labor market. Japan as the world’s third-largest economy needs 345,000 foreign workers by the calendar year 2025. It enlisted eight countries including Nepal, the Philippines, Vietnam and Cambodia as source countries for workforce. Bangladesh will be able to send skilled workers for 14 sectors and more than 100 sub-sectors like caregiving, construction and automobile. An official of the ministry concerned said the development came following the recent visit of Prime Minister Sheikh Hasina to Japan. Bangladesh sends technical interns (TIs) to Japan under a Memorandum of Cooperation (MoC) signed by the Bureau of Manpower Employment and Training (BMET).
Source: http://today.thefinancialexpress.com.bd/trade-market/bd-to-be-ninth-source-country-1566315882
Bank Asia Ltd inaugurated Central Foreign Exchange Reporting Hub-Gulshan for its Dhaka North Zone Branches. From now onwards, customers will enjoy specialized services in foreign trade related transaction and related reporting will be faster, secured and error-free.
Exports brought home record amounts in July, in a development that will bring a huge sigh of relief for the government battling sizeable balance of payments deficit. Last month, overseas shipments fetched $3.89 billion, up 8.66 percent year-on-year, according to data from the Export Promotion Bureau. The amount also exceeded the month’s target by $60.86 million. The amount bested the record for the highest single month export earnings of $3.81 billion logged in May. Of the sum, garment shipments fetched $3.31 billion, up 9.60 percent year-on-year and $97.48 million more than the target for the month. The president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Rubana Huq said that this is a peak month and therefore it is not unnatural for exports to grow. The US-China trade war is working in Bangladesh’s favor.
Source: https://www.thedailystar.net/business/export/news/exports-smash-record-july-fetch-389b-1787980
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DSEX | 5,227.49846 | ↑0.23 | ↑0.004% |
| DJIA | 25,962.44 | ↓173.35 | ↓0.66% |
| FTSE100 | 7,125.00 | ↓64.65 | ↓0.90% |
| Nikkei 225 | 20,596.92 | ↓80.30 | ↓0.39% |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 56.34 | ↑0.13 | ↑0.23% |
| Crude Oil (Brent) | $ 60.28 | ↑0.25 | ↑0.42% |
| Gold Spot | $ 1,503.85 | ↓3.35 | ↓0.24% |
| Exchange Rates | |
|---|---|
| USD 1 | BDT 82.9302 |
| GBP 1 | BDT 100.597 |
| EUR 1 | BDT 91.9490 |
| INR 1 | BDT 1.15649 |
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