Directory of Development Organizations
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Capital Market Development in Bangladesh* January, 2021
Capital Market Development in Bangladesh* January, 2021 Research Department Bangladesh Bank *Prepared by Special Studies and Fiscal Affairs Division, Research Department, Bangladesh Bank (Central Bank of Bangladesh). Comments on any aspect on the report are highly welcomed and can be sent to the e-mail addresses: [email protected], [email protected] and [email protected] Capital Market Development in Bangladesh January, 2021 Capital market in Bangladesh consists of two full-fledged automated stock exchanges- the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE). Bangladesh Securities and Exchange Commission (BSEC), as the watchdog regulates the stock exchanges of the country. The analysis on capital market development gives some insights to understand overall activities of capital market in Bangladesh. At the end of January 2021, both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) exhibited upward trend in terms of both index and turnover compared to the end of December 2020. Total turnover value of traded shares of DSE and CSE were BDT 339.59 billion and BDT 17.28 billion respectively at the end of January 2021 which were 57.30 percent and 88.18 percent higher respectively than that of December 2020. Broad index of DSE and all share price index of CSE rose to 5649.86 points and 16474.97 points respectively at the end of January 2021 which were 5402.07 points and 15592.92 points respectively at the end of December 2020. Table : Monthly Trends in Important Indicators of DSE and CSE (BDT -
Morning Briefings Monday, February 15, 2016
Morning Briefings Monday, February 15, 2016 MACRO Cos must go by 36 provisos to operate container ports Private entrepreneurs seeking to obtain customs bond licence for operating private inland water container terminal (IWCT) will have to comply with a multipronged set of guidelines, including one on adequate facilities for external trade. Officials said customs wing of the National Board of Revenue (NBR) recently issued the policy with the comprehensive guidelines with some 36 conditions binding private IWCT ventures. They said the policy was framed under 'The Customs Act 1969, section 12 and section 219 (B)'. Link: http://print.thefinancialexpress-bd.com/2016/02/15/134118 Financial management strategy in the offing A new public financial management strategy is in the final stages of making as attaining fiscal discipline and its transparency now comes into government policy focus. Officials said the strategies in vogue do not fit in government planning and priorities, leading to delay in execution of projects. The one now in the making is expected to help synchronise government planning, execution of budget and modern accounting to avoid abuse of public money. The finance division has already prepared the draft. It also organised a two- day national seminar in Habiganj that ended on February 13. Link: http://print.thefinancialexpress-bd.com/2016/02/15/134116 Spl fund to back mega projects in the offing The government, for the first time, is set to create a special fund to finance its mega projects for their smooth implementation, officials said. The Ministry of Finance (MoF) will sit today (Monday) to discuss the pros and cons of creating the proposed fund. -
Evidence from Dhaka Stock Exchange
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by International Institute for Science, Technology and Education (IISTE): E-Journals Research Journal of Finance and Accounting www.iiste.org ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 2, 2012 Cash Dividend Announcement Effect: Evidence from Dhaka Stock Exchange Md. Shehub Bin Hasan 1* Sabrina Akhter 2 Hussain Ahmed Enamul Huda 2 1. School of Business, Ahsanullah University of Science & Technology, 141-142 Love Road, Tejgaon Industrial Area, Tejgaon, Dhaka-1208, Bangladesh 2. Faculty of Business & Economics, Daffodil International University, 4/2, Sobhanbagh, Prince Plaza, Mirpur Road, Dhaka-1207, Bangladesh * E-mail of the corresponding author: [email protected] Abstract The sole motive of the paper is to investigate cash dividend announcement effect of the stocks traded in the Dhaka Stock Exchange from 2006 to 2010. Classic event study methodology was used to analyze the data. It was found that in 2006, 2007 and 2009 market has reacted over the announcement in the event date. Some sectors like Food & Auxiliary, Fuel and Miscellaneous have impacted the market both in the event and post event date across the years considered. All the efforts were given to discover reaction therefore the underlying reasoning of such impact are set aside. Keywords: Cash dividend, Dhaka stock exchange, Event study, Announcement effect 1. Introduction Securities, to be more specific stocks are not traded in a vacuum, rather amidst the complex interaction of many variables – some explainable and some not manageable. Thousands, perhaps even more variables can exert influence over stock price and dividend isthe prime variable. -
Revisit to Dhaka University As the Symbol of Bengal Partition Sowmit Chandra Chanda Dr
Academic Ramification in Colonial India: Revisit to Dhaka University as the Symbol of Bengal Partition Sowmit Chandra Chanda Dr. Neerja A. Gupta PhD Research Scholar under Dr. Neerja A. Director & Coordinator, Department of Gupta, Department of Diaspora and Diaspora and Migration Studies, SAP, Migration Studies, SAP, Gujarat Gujarat University, Ahmedabad, India. University, Ahmedabad, India. Abstract: It has been almost hundred years since University of Dhaka was established back in 1921. It was the 13th University built in India under the Colonial rule. It was that like of dream comes true object for those people who lived in the eastern part of Indian Sub-continent under Bengal presidency in the British period. But when the Bengal partition came into act in 1905, people from the new province of East Bengal and Assam were expecting a faster move from the government to establish a university in their capital city. But, with in 6 years, the partition was annulled. The people from the eastern part was very much disappointed for that, but they never left that demand to have a university in Dhaka. After some several reports and commissions the university was formed at last. But, in 1923, in the first convocation of the university, the chancellor Lord Lytton said this university was given to East Bengal as a ‘splendid Imperial compensation’. Which turns our attention to write this paper. If the statement of Lytton was true and honest, then certainly Dhaka University stands as the foremost symbol of both the Bengal Partition in the academic ramification. Key Words: Partition, Bengal Partition, Colony, Colonial Power, Curzon, University, Dhaka University etc. -
Capital Market Deregulation, Stock Returns and Volatility In
Market Efficiency, Time-Varying Volatility and Equity Returns in Bangladesh Stock Market M. Kabir Hassan, Ph.D. University of New Orleans Anisul M. Islam, Ph.D. University of Houston-Downtown Syed Abul Basher York University Contact Author M. Kabir Hassan, Ph.D. Associate Professor of Finance Associate Chair Department of Economics and Finance University of New Orleans New Orleans, LA 70148 Phone: 504-280-6163 Fax: 504-280-6397 Email: [email protected] First Draft: December 1999 Second Draft: February, 2000 Third Draft: May, 2000 This Draft: June, 2000 Market Efficiency, Time-Varying Volatility and Equity Returns in Bangladesh Stock Market Abstract This paper empirically examines the issue of market efficiency and time-varying risk return relationship for Bangladesh, an emerging equity market in South Asia. The study utilizes a unique data set of daily stock prices and returns compiled by the authors which was not utilized in any previous study. The Dhaka Stock Exchange (DSE) equity returns show positive skewness, excess kurtosis and deviation from normality. The returns display significant serial correlation, implying stock market inefficiency. The results also show a significant relationship between conditional volatility and the stock returns, but the risk-return parameter is negative and statistically significant. While this result is not consistent with the portfolio theory, it is possible theoretically in emerging markets as investors may not demand higher risk premia if they are better able to bear risk at times of particular volatility (Glosten, Jagannathan and Runkle, 1993). While circuit breaker overall did not have any impact on stock volatility, the imposition of the lock-in period has contributed to the price discovery mechanism by reverting an overall negative risk- return time-varying relationship into a positive one. -
Determinants of Religious Tourism: an Empirical Investigation
Journal of Business Studies, Vol. XL, No. 3, December 2019 Determinants of Religious Tourism: An Empirical Investigation Prosanjit Saha* Biplab Roy** Abstract: Religious tourism presumably the oldest form of tourism in which the tourists search for tranquility and sacred experience. Despite having promising faith centers in different parts of Bangladesh, religious tourism receives little research attention. Owing to inadequate understanding and precise portrayal of religious tourism’s products, domestic travelers often exclude religious attractions out of their usual year round itinerary. This study aims to identify major determinants for developing religious tourism in a credible way to the travelers. Through snowball sampling, 100 respondents who visited at least once to any religious sites was surveyed face to face. Descriptive statistics portrayed the demographic profile of the respondents and Regression analysis explored the influence of each determinant. The results make contribution by suggesting that unique branding and communicating religious values through social media promotion determine the success of religious tourism. Moreover, the study offered some managerial implications to develop Bangladesh as an attractive religious tourism hub. Keywords: Religious Tourism, Unique and consistent branding, interpreting religious values, sustainable policies, innovative promotion. Introduction Tourism is now considered as one of the most dominant sectors in the world consisting multifarious forms and diverse nature. One of the most sensible and prevalent forms of tourism is religious tourism. It can be defined as travel with the core motive of experiencing religious forms, or the products they induce, like art, culture, traditions and architecture. According to the Ministry of Tourism of Brazil (MTUR) (2010), “Religious Tourism is the set of tourism activities arising from the spiritual quest and religious practice in places and in events related to institutional religions, regardless of creed or ethnic origin”. -
Progress Report on Tranche Release Bangladesh: Third Capital Market
Progress Report on Tranche Release Project Number: 45253–002 Loan Number: 3318/3319 January 2020 Bangladesh: Third Capital Market Development Program (Second Tranche) Distribution of this document is restricted until it has been approved by the Board of Directors. Following such approval, ADB will disclose the document to the public in accordance with ADB’s Access to Information Policy. CURRENCY EQUIVALENTS (as of 06 January 2020) Currency unit – taka (Tk) Tk1.00 = $0.01179 $1.00 = Tk84.780 ABBREVIATIONS ADB – Asian Development Bank BSEC – Bangladesh Securities and Exchange Commission CCP – central counterparty CDMC – Cash and Debt Management Committee CMDP – Capital Market Development Program CMT – Capital Market Tribunal CSE – Chittagong Stock Exchange DSE – Dhaka Stock Exchange FRC – Financial Reporting Council FRTB – floating rate treasury bond GDP – gross domestic product IAD – Internal Audit Department ICT – information and communication technology IDRA – Insurance Development and Regulatory Authority IPO – initial public offering NSC – national saving certificate TA – technical assistance NOTE (i) The fiscal year (FY) of the Government of Bangladesh and its agencies ends on 30 June. “FY” before a calendar year denotes the year in which the fiscal year ends, e.g., FY2019 ended on 30 June 2019. (ii) In this report, “$” refers to United States dollars. Vice-President Shixin Chen, Operations 1 Director General Hun Kim, South Asia Department (SARD) Director Takeo Konishi, Public Management, Financial Sector and Trade Division, SARD -
Empirical Evidence from Dhaka Stock Exchange
The Impacts of Interest Rate on Stock Market: Empirical Evidence from Dhaka Stock Exchange Md. Gazi Salah Uddin Lecturer School of Business Presidency University Dhaka, Bangladesh Email: [email protected] Md. Mahmudul Alam Officer, Operational Analysis Customer Relationship Management (CRM) Brands, Commercial Division Grameenphone Ltd. Dhaka, Bangladesh Email: [email protected] Citation Reference: Uddin, M.G.S., and Alam, M.M. 2010. The Impacts of Interest Rate on Stock Market: Empirical Evidence from Dhaka Stock Exchange, South Asian Journal of Management Sciences, Vol. 4(1), pp. 21-30. (online) http://sajms.iurc.edu.pk//paper.php?id=Spring2010V4N1P2 (ISSN 2074-2967; Publisher- Iqra University, Karachi, Pakistan) This is a pre-publication copy. The published article is copyrighted by the publisher of the journal. 0 The Impacts of Interest Rate on Stock Market: Empirical Evidence from Dhaka Stock Exchange Abstract Stock exchange and interest rate are two crucial factor of economic growth of a country. The impacts of interest rate on stock exchange provide important implications for monitory policy, risk management practices, financial securities valuation and government policy towards financial markets. This study seeks evidence supporting the existence of market efficiency on the Dhaka Stock Exchange (DSE) based on the daily general price index 1994 to 2005 and also shows empirical relationship between stock index and interest rate in Bangladesh based on monthly data from May 1992 to June 2004. Stationary of market return is tested and found DSE Index does not follow random walk model indicate DSE is not efficient in week form. The linear relationship between share price and interest rate, share price and growth of interest rate, growth of share price and interest rate, and growth of share price and growth of interest rate were determined through ordinary least-square (OLS) regression. -
Dhaka Stock Exchange Ltd. Transforms It Infrastructure with Vmware’S Virtualized Solutions to the Delight of Brokers and Investors
CUSTOMER CASE STUDY DHAKA STOCK EXCHANGE LTD. TRANSFORMS IT INFRASTRUCTURE WITH VMWARE’S VIRTUALIZED SOLUTIONS TO THE DELIGHT OF BROKERS AND INVESTORS VMware’s virtualization solutions have transformed Bangladesh’s Dhaka Stock Exchange Ltd. (DSE) into a highly efficient bourse, enabling it to roll out new applications to its 250 stock brokers much faster than before while minimizing downtime. Its virtualized infrastructure has also helped optimize resources, improve capacity planning, pre-empt and better plan network needs thereby lowering operational costs. Critical to the development and progress of Bangladesh’s economy, the modernization of DSE’s infrastructure ensured its reliability and scalability to support the country’s growth. Customer Profile INDUSTRY As the premier exchange of Bangladesh, DSE runs a fault-tolerant, automated FINANCIAL SERVICES trading system for transparent and highly efficient trading of securities. As of 2014, DSE facilitates the trading of 546 securities worth about US$41.6 billion. LOCATION In its 60-year history, DSE has contributed significantly to the Bangladesh BANGLADESH economy by providing a platform for companies to raise funds from the public. KEY CHALLENGES It is now in the relentless process of modernizing and upgrading its systems • Pressure to deliver applications for and facilities to take advantage of new technologies. brokers in a timely manner • Need to enhance operational The Challenge efficiency and data security With the growth in trading volume and speed over recent years alongside • Managing IT resources and Bangladesh’s progress, DSE has faced challenges in ensuring its IT identifying bottlenecks infrastructure - powered by 250 physical servers and used by brokers to execute trades - was constantly online and available. -
Does the Participation in the Microcredit Programs Contribute to the Development of Women Entrepreneurship at the Household Level? Experience from Bangladesh
Center for Microfinance and Development University of Dhaka CMD Working Paper 04 Does the Participation in the Microcredit Programs Contribute to the Development of Women Entrepreneurship at the Household Level? Experience from Bangladesh M. Jahangir Alam Chowdhury mjac (at) univdhaka.edu Abstract: The study intends to assess the impact of the participation in the microcredit programs in Bangladesh on women entrepreneurship development at the household level. The main objective is to see whether the participation in the microcredit programs help participating women to start their own businesses and to create employment for other people. The analysis is based on a household-level survey of 920 (N=920) households. The sample households have been selected randomly from the participants of top three microfinance instructions, Grameen Bank, BRAC and ASA, in Bangladesh. The results indicate that the participation in the microcredit programs does not promote women entrepreneurship at the household level. But, the results indicate that the same participation significantly increases capital of existing businesses of participating households. Keywords: Microcredit, Women Entrepreneurship Development, Bangladesh [Paper Presented at UNU-WIDER Project Workshop on Entrepreneurship and Economic Development, 21-23 August 2008, Helsinki] July 2008 Dhaka, Bangladesh Does the Participation in the Microcredit Programs Contribute to the Development of Women Entrepreneurship at the Household Level? Experience from Bangladesh M. Jahangir Alam Chowdhury, PhD1 Introduction Microcredit is essentially the dispersion of small collateral-free loans to poor people in order to foster income generation and poverty reduction through enhancing self- employment. Since its introduction in Bangladesh in the seventies, the use of micro-credit as a tool for poverty alleviation has become widely accepted through out the world in developing as well as many developed countries. -
Curriculum Vitae
Dr. Mohammad Zahangeer Alam Associate Professor E-mail: [email protected] Department of Environmental Science [email protected]; Faculty of Agriculture [email protected] Bangabandhu Sheikh Mujibur Rahman Agricultural Cell: +8801716635978 (Bangladesh) University (BSMRAU), Gazipur-1706, Bangladesh. Office: +88(02)9205310-14(2395 Ext.) http://bsmrau.edu.bd/zahangeer/ Researcher ID: B-5186-2015 https://scholar.google.com/citations?hl=en&user=9B5GDTsAAAAJ ORCID: 0000-0001-9407-0306 Scopus ID: 56875071400; Loop profile: 288679 August 2021 Appointment Associate Professor, Department of Environmental Science, Faculty of Agriculture, Bangabandhu Sheikh Mujibur Rahman Agricultural University (BSMRAU), Gazipur-1706, Bangladesh. 50% research, 40% academic, 10% administration at BSMRAU. Faculty Specialization/ Research Interest Arbuscular mycorrhizal fungi and their uses against drought, salinity, soil toxicity, nutrient deficiency, nutrient cycling. I am also interested in water quality, biodiversity, and ecosystem service. Education Completed in 2020 Ph.D. in Soil Science, Department of Crop and Soil Sciences, Washington State University (WSU), USA and Bangladesh Agricultural University (BAU), Mymensingh; (Joint Program), Dr. Lynne Carpenter-Boggs, Dr. Rebecca J. McGee (USDA-ARS), Dr. Tarah S. Sullivan (WSU-USA) and Dr. Md. Anamul Hoque, (Bangladesh). Dissertation title: Arsenic uptake and mitigation in lentil, mung bean, and pea. 2013 Fall-2014 Spring Advanced Graduate Study (Ph.D.) Preparation Course (1-year course), Intensive American Language Center (IALC), Washington State University (WSU), Pullman, WA, USA. (CGPA 3.61); (Major: Research methodology/writing/critique/seminar presentation/debate) 2006 M.S in Environmental Science, (1-year course works and 6 months’ research) Bangladesh Agricultural University (BAU), Mymensingh-2202. Grade: A (CGPA 3.83), Advisor: Professor Dr. -
List of Voters
List of Voters Life Members 203. Dr. M. A. Waheeduzzaman Associate Professor of History 8. Mr. Mustafa Hasan Eden Girls' College 17/26 Suklal Das Lane, Dhaka Azimpur Estate, Dhaka-1205 9. Mr. M. Hamid Ali 217. Dr. Bhuiyan Nurul Islam Tareq Manzil Professor (Retired) Plot# 52-A, Block# 2 House # 07, Road # 01, Sector # 07, PECH, Karachi, Pakistan Uttara Model Town, Dhaka-1230 14. Mr. A. Z. M. Shamsul Alam 224. Dr. Muhammad Ali Akbar Chairman Urban Harmony Al-Arafa Islami Bank Limited House # 362 (1/D), Road # 27 (Old), Dhanmondi R/A, Dhaka-1209 16. Mr. Anwarul Haque C/O- Md. Nasir 230. Professor Rafiqul Islam House # 69, Road # 8/A House # 44, Road # 05, Sector # 10 Dhanmondi R/A, Dhaka Uttara Model Town, Dhaka-1230 17. Mr. Iqbal Rashid Siddiqi 231. Professor Dr. Manzoor Hasan Macneill & Kilburns Ltd. House # 41, Road # 9/A Motijheel, Dhaka-1000 Suvastu Ruchira Dhanmondi R/A, Dhaka-1209 19. Dr. K. M. Karim PROSHANTI 233. Dr. A.M. Harun-ar-Rashid 177 West Monipur UGC Professor Mirpur, Dhaka-1216 House # 35/A, Road # 4, Flat # 1-B, Dhanmondi R/A, 109. Professor Harun-ur-Rashid Dhaka-1205 House # 26, Road # 10/A, Dhanmondi R/A, Dhaka 234. Dr. Asim Roy University of Tasmania 114. Professor Mahjuza Khanam Hobart 7001, Tasmania, Australia House # 05, Road# 11, Sector # 4, Uttara Model Town, Dhaka-1230 238. Mrs. L. Razzaq C/O-Mr. Razzaq Rahman 126. Mr. Mohammed Abdul Qadir 1 Outer Circular Road 57-Z, Uttar Maniknagar Malibagh, Dhaka-1212 P.O.-Wari, Dhaka-1203 239.