Name ID

Shakirul Islam B200203015

Md Asib Hossain Mohon B200203035

Akidul Islam B200203046

Ashikur Rahman B200203047

Gourango Sarker B200203063

Macroeconomics
Analysis about :Daily economic news
Hashibul hassan
Assistant Professor
Department of finance
Jagannath University, Dhaka

Week-1
Date:23-07-2023
ID:B200203015
Name:Shakirul islam
Title: Exports in the leather sector are not increasing due to lack of 'qualified guardians.

After home-made garments, leather is the most promising export sector. But the export income in
this sector is only about 1 billion dollars. Export income is not increasing mainly due to lack of a
developed working environment in the leather industry city of saver. And since there is no
qualified guardian in the leather sector, a better working environment is not ensured.The export
income of Bangladesh's leather sector is hovering around one billion dollars. Therefore, Md. abu
yousuf who is Executive Director of Research and Policy Integration for Development(RAPID)
and professor of department of Development studies in Dhaka University, said a target of 12
billion USD income has been set for Bangladesh by the year 2030 from this industrial sector
which speech delivered in a seminar which seminar arranged by jointly Asian Foundation and
Bangladesh Leather Foundation.
Source: Click Here

Date: 25/07/2023
ID: B200203046
Name: Akidul Islam
Title:Due to lack of dollars, gas prices are due, fines have to be paid

The government organization Bangladesh Petrobangla is not able to pay regular gas prices due to
lack of US dollars. They have to pay fines for keeping bills in dollars.Chevron supplies 60
percent of the country's mined gas. Their bills amount to five million dollars per month.
According to contact If the bill is not paid on time , the penalty is to be paid at the prescribed
rate.Even if they have proclaimed that they would stop the supplies of gas.
Source: Click Here

Date:26/07/2023
ID:B200203047
Name:Ashikur Rahman
Title:Decision to import fuel oil from five countries including China

The cabinet committee takes a decision to import the refined fuel oil from five countries,
including China.The fuel oil will be purchased through Bangladesh Petroleum Corporation
(BPC) from six state-owned companies in China, Thailand,United Arab Emirates, Indonesia, and
Malaysia, amounting to 16 lakh 80 thousand tons at a cost of 12 thousand 851 crore taka.The
proposal has been approved for the period July to December 2023
Source: Click Here

Date: 27/07/2023
ID: B200203063
Name: Gourango Sarker
Title: New interest rates announced on export loans, higher than earlier.
Bangladesh Bank has announced the determination of export loan interest rate according to the
new policy. From now on, the interest rate on pre-shipment export loans will be a maximum of
9.10 percent. Earlier, the interest rate on export loans was 7 percent and then the maximum
interest rate on bank loans was 9 percent.In this new system, banks can give loans by adding a
maximum of 3 percent with SMART (Six Months Moving Average Rate of Treasury Bills, i.e.
the average rate of six months of 182-day treasury bills). However, it has been reduced to 2
percent in case of pre-shipment export credit.
Source: Click Here

Week-2
Date:30-07-2023
ID:B200203015
Name:Shakirul islam
Topic: There are 2.5 million unemployed in the country, women are half as many as men

The number of unemployed fell in the last quarter. In total,25 lakh people were unemployed in
the country during last april-june.in the previous quarter, this number was 25 lakh 90 thousand.
Unemployment has decreased by 90 thousand. Bangladesh bureau of statistics (BBS) has
released the last quarterly labor force survey 2023 report for april-june period.Now among the
unemployed, 16 lakh 70 thousand men and only 830 thousand women. The BBS calculates the
number of unemployed people according to the international labor organization’s(ILO)
definition.
Source: Click Here

Date:31-07-2023
ID:B200203035
Name:MD Asib Hossain Mohon
Topic: Dhaka Bank’s profit jumps 31% in Q2
Dhaka Bank Limited's profit surged by over 31% YoY to Tk 71.47 crore in Q2 2023, compared
to Tk 54.36 crore in Q2 2022. This resulted in an EPS rise to Tk 0.71 from Tk 0.54. For the first
half of 2023, earnings reached Tk 131.86 crore, up 7.36% YoY, raising consolidated EPS to Tk
1.31 from Tk 1.22. The net operating cash flow per share turned positive at Tk 29.04 in H1 2023,
compared to a negative Tk 16.80 in H1 2022, attributed to reduced loan disbursement and
increased deposits and borrowings.

Link:https://www.thedailystar.net/business/news/dhaka-banks-profit-jumps-31-q2-3383826

Date:01-08-2023
ID:B200203046
Name:Akidul Islam
Title: NBR has managed to collect 89 percent of the target revenue.

National Board of Revenue(NBR) sets revenue collection targets. Last financial year, NBR have
been able to collect 89% almost 3,31,502 crore tk which estimated 3,70000 crore tk by NBR.
Although there were shortage about 38 thousands Crore Tk. Gross domestic product (GDP) has
increased four times in the last decade. But compared to that, the collection of duties and taxes
has not even doubled compared to before.In the financial year 2013-14, NBR collected a total
revenue of 1 lakh 85 thousand 3 crore rupees. In financial year 2022-23, it has been increased 3
lakh Crore tk.

Link:https://www.prothomalo.com/business/economics/2owhm83bbq

Date:02-08-2023
ID:B200203047
Name:Ashikur Rohman
Title:Inauguration of the country’s largest soler power plant.
The Teesta Solar Limited, the largest solar power plant in the country was inaugurated by Prime
Minister Sheikh Hasina which has a capacity of 200 MW. Beximco Power Limited, a subsidiary
of Beximco Group, constructed the plant on 650 acres of land in Sundarganj Upazila. The
project, costing around $300 million, started in 2017 and is equipped with 550,000 solar panels.
The power plant contributes 200 MW of electricity daily to the national grid through a 35 km
power transmission line. The inauguration aligns with the Prime Minister's commitment to
improving the northern region's quality of life.
Source:click here

Date: 03-08-2023
ID: B200203063
Name: Gourango Sarker
Title: ADB collects 26 million dollars for construction of expressway in Bangladesh

Multilateral financial institution Asian Development Bank (ADB) has collected USD 261 million
(261 million) funds for Bangladesh to construct a four-lane expressway on the
Rampura-Amulia-Demra road.Rampura-Amulia-Demra Expressway to be constructed on
Public-Private Partnership (PPP) basis is 13 and a half kilometers long. Of the project's $261
million, $193 million will come from three banks and one financial institution. These are - Asian
Infrastructure Investment Bank, Bank of China, DBS Bank and Bangladesh Non-Banking
Financial Institution Infrastructure Development Company. The remaining $68 million will
come as equity investment from various sponsors.
Source: Click Here

Week-3
Date:06-08-2023
ID: B200203015
Name:Shakirul islam
Title: Inflation eased to 9.69% in july, but increased in food
Inflation was 9.69 percent in July but it was 9.74 percent in the previous month. Although
Inflation has come down slightly, Food Inflation is rising continuously. In the previous month
Food Inflation was 9.73 percent which rose to 9.76 percent in july. On the other hand, non-food
inflation has been 9.47 percent in this month which was 9.60 percent in the previous month. Now
the rate of inflation is higher in villages than in cities.
Source: click Here

Date:08-08-2023
ID:B200203046
Name:Akidul Islam
Title:‘Made in Bangladesh’ to be showcased in Europe.
'Best of Bangladesh' is the first-ever 'Made in Bangladesh' show in Europe, scheduled for 4-5
September in Amsterdam, Netherlands. The event is organized by Bangladesh Apparel Exchange
(BAE) and supported by the Bangladesh Embassy in the Netherlands. Its goal is to showcase the
progress and potential in various sectors of the Bangladesh economy, including manufacturing.
Approximately 40 leading Bangladeshi companies from industries such as apparel, textile, agro,
handicraft, FMCG, digital, and publication sectors will participate in the event.The 'Best of
Bangladesh' event is designed to foster stronger connections and collaborations between
entrepreneurs and private sector entities from both Europe and Bangladesh, as Bangladesh's
economy ranks as the 37th largest in the world and is rapidly growing. This platform aims to
showcase the multifaceted progress and potential within various sectors of Bangladesh's
economy.
Source:https://en.prothomalo.com/business/local/on55l46akd

Date:09-08-2023
ID:200203047
Name:Ashikur Rohman
Title: When will our economic problems end?
The news is discussed about Bangladesh's economy. People are curious about several issues,
including the economy's ability to overcome a crisis, upcoming elections and potential violence,
currency exchange rates, and the timeline for economic recovery. The main focus is on the
economy including a trade deficit, decreasing reserves, rising foreign debt repayment, and
declining foreign investments. Importantly, foreign direct investment (FDI) has decreased, and
the stock market has experienced negative foreign investment. These challenges contribute to a
growing dollar crisis and overall economic uncertainty.

Soure:Click here

Date: 10-08-2023
ID: B200203063
Name: Gourango Sarker
Title: The lowest transaction in the capital market in four and a half months.

The main stock market of the country, Dhaka Stock Exchange (DSE), has returned to the
position of four and a half months ago. On the last day of the week, on Thursday, 381 crore
shares were traded in this market, which is the lowest in the last four and a half months. Earlier,
on March 28, the lowest transaction of Tk 272 crore was done on DSE.About one-fifth or 21
percent of today's transactions in the Dhaka market was occupied by the food and ancillary
sector. The two companies played a key role in keeping this sector ahead in transactions. The
two companies are Fu-Wang Food and Emerald Oil.
Source: Click Here

Week-4
Date: 13-08-2023
ID: B200203015
Name: Shakirul Islam
Title: Import costs fell by 16%, dollar-crisis reduced

In the fiscal year 2022-23, a country experienced a 16 percent decrease in import expenditure
due to the implementation of strict measures and tax hikes during a dollar crisis situation. The
previous fiscal year saw a 36 percent increase in import costs, leading to the onset of the dollar
crisis and a subsequent increase in inflation, which reached approximately 10 percent. Efforts
have been made to control inflation by reducing import costs, but the extent to which the dollar
crisis has been alleviated remains uncertain.
Source :Click Here

Date:16-08-2023
ID:200203047
Name Ashikur Rahman
Title: Will the Project worth thousands of crores also fail?

The passage is discussed a construction projects in government development plans and their
visibility as successes.The passage emphasizes the importance of modernizing traditional
markets to boost the rural economy, support product marketing, and create employment
opportunities. It also highlights the potential negative impact on the overall economy if these
issues are not addressed. The project's slow progress, despite extensions, is a cause for concern,
with completion and financial progress lagging behind.

Source :Click here

Date: 17-08-2023
ID: B200203063
Name: Gourango Sarker
Title: The world's richest people have become somewhat poorer, millionaires have
decreased by 3.5 million
This situation has arisen mainly because the central banks of the world have increased policy
interest rates to deal with high inflation. The world's personal wealth fell by 2.4 percent last year
to $454 trillion, according to an annual report by Credit Suisse and UBS Global Wealth. But
what is significant is that in 2022, the world's median wealth increased by 3 percent. This index
shows how an average person is earning. That's why this index is more accurate than other
indices in measuring wealth. But overall this decline in wealth is called 'recession'.
Source: Click Here
Week-5
Date: 20-08-2023
ID: B200203015
Name: Shakirul Islam
Title:The egg market is not under control

In January 2020, before the COVID-19 pandemic, the price of a single egg in the Dhaka market
ranged from Tk 28 to Tk 30. However, residents of the capital now have to purchase eggs at a
higher cost, around Tk 50 to Tk 55. Small and medium farmers claim they have no influence on
setting egg prices, suggesting the existence of a market "syndicate" that determines and sells
eggs at fixed prices. Commerce Minister Tipu Munshi has announced that if egg prices remain
uncontrolled, the government may allow egg imports in coordination with the Ministry of
Fisheries and Livestock.
Source:Click Here

Date:22-08-2023
ID:B200203046
Name:Akidul Islam
Title:BGMEA President hopeful of expanding Bangladesh-Iraq trade, investment.
Delegation from BGMEA, led by President Faruque Hassan, met Iraq's Trade Minister Atheer
Daoud Salman Al-Ghariri on August 21, discussing ways to boost trade and investment.
Bangladesh's Ambassador to Iraq, Fazlul Bari, was also present, and the focus was on
strengthening bilateral economic ties and business opportunities for mutual benefit.BGMEA
President Faruque Hassan informed the Trade Minister about Bangladesh's infrastructure
development efforts, including major projects for transportation and airports. He also emphasized
Bangladesh's attraction for foreign investment through special economic zones and
business-friendly policies. He invited Iraqi businesses to consider investing in Bangladesh,
capitalizing on these advantages.
Source:Click Here

Date: 23-08-2023
ID: B200203047
Name: Ashikur Rahman
Title:Khulna-Sylhet new economic corridor proposed by ADB
The passage discusses the potential benefits of developing economic corridors in Bangladesh by
the Asian Development Bank (ADB). It emphasizes that the creation of an economic corridor
between the southwestern and northeastern regions of the country. up to 71.8 million people
employed in the corridor region by 2050. The report also mentions the importance of improving
road communication between these regions and suggests developing alternative connections to
the capital, Dhaka. Furthermore, it outlines the positive impact on GDP and regional
development, as well as the broader economic goals of Bangladesh, such as leaving the list of
least developed countries and becoming a high-income country by 2041, for which the
Bangladesh Economic Corridor is seen as a key infrastructure investment.
Source :Click Herer

Date: 24-08-2023
ID: B200203063
Name: Gourango Sarker
Title: What is the BRICS currency, how much is the reality and what the countries are
thinking.
At the ongoing summit of BRICS, the alliance of five developing economies, Brazilian President
Lula da Silva called for the introduction of their own currency for the internal trade of BRICS
countries. He argued that the exchange rate of the dollar is always fluctuating, so BRICS member
countries can trade in a single currency.The BRICS summit is being held in Johannesburg, South
Africa. But launching a currency for an alliance like BRICS is not an easy task. BRICS officials
and economists shed light on what kind of problems may arise in such a project. Especially, in
the context of the geographical, political and economic differences of BRICS members Brazil,
Russia, India, China and South Africa.
Source: Click Here

Week-6
Date: 27-08-2023
ID: B200203015
Name: Shakirul Islam
Title: In some products including fragrant rice, exports are low year-on-year, incentives
are high.

Rice exports from Bangladesh, especially aromatic rice, are not consistent. Aromatic rice is only
exported on occasion with government authorization. In the recently concluded financial year
2022-23, there was no export of aromatic rice. However, in the fiscal year 2021-22, fragrant rice
exports amounted to USD 5.1 million. Despite this, a 15% cash subsidy or incentive has been
provided for fragrant rice for a while, even though exports are sporadic and in small quantities.
Source: Click Here

Date: 29-08-2023
ID: B200203046
Name: Akidul Islam
Title: Pension scheme to provide loan, other financial facilities.
The universal pension scheme allows depositors to take loans for specific needs, like medical
expenses, housing, or education. The loan can be up to 50% of their deposit, repayable in 24
installments with additional charges set by authorities. The repaid amount goes back into the
depositor's account.Clients can take out loans multiple times as long as they've repaid the
previous one. Depositors can switch between schemes with valid reasons and adjust their
monthly payments. If a scheme changes, new profits and deposits are added separately. Clients
own their pension scheme but can transfer authority to a nominee or heir upon passing. The
pension scheme is a form of security for late-life years, distinct from a general bank deposit.
Source:Click Here

Date:30-08-2023
ID:B200203047
Name:Ashikur Rahman
Title:22% increase in VAT due to increase in product price or supervision

In July, VAT collection increased by 22%, totaling Tk 7,654 crore, which is Tk 1,355 crore more
than the previous year. The National Board of Revenue (NBR) attributes this rise to improved
field-level supervision. Economists suggest that the increase in VAT reflects the higher prices of
goods and services, as VAT is linked to sales prices. Fuel and commodity price hikes have
contributed to this. However, NBR member Moinul Khan disagrees, pointing out that other tax
sectors would also see growth if prices were the sole cause. The focus on field-level supervision
and strategic identification of potential VAT sectors has also played a role in increased
collections. Notably, VAT collection was highest in the cigarette sector, followed by mobile
operators, petroleum gas, and other industries. The Large Tax Paying Unit (LTU) led in VAT
collection with Tk 3,561 crore, marking a 32% growth, a recent record.
Source :Click here

Date: 31-08-2023
ID: B200203063
Name: Gourango Sarker
Title: There is a big solar power plant in Rampal.
The government will buy 11 taka (10.20 cents) per kilowatt of electricity from the country's
largest 300 megawatt solar power plant at Rampal in Bagerhat. Electricity will be purchased in
20 years. The government will spend about 10 thousand 762 crores for this. Syed Mahbub Khan
said that the construction of this solar power plant will cost 430 million US dollars. The Saudi
Arabian company owns 45 percent of the investment. And Bubo will own 25 percent of the land
as the provider of the land. Apart from this, 15 percent will be owned by Comfit Composite Knit
and the remaining 15 percent by Vialatex Spinning. The construction of this power plant is
scheduled to start in February next year.
Source: Click Here

Week-7
Date: 03-09-2023
ID: B200203015
Name: Shakirul Islam
Title:Expatriate income down 21.56% in August
In August, remittances to the country decreased significantly. The total remittances received in
the past month amounted to approximately 16 billion USD, which is a 21.56% decrease
compared to the same period last year when it was 20.4 billion USD. This information is based
on the latest report from Bangladesh Bank.Furthermore, in July, remittances were 19.7 billion
USD, but they decreased to 16 billion USD in August, indicating a decline of 3.7 billion USD or
about 19% compared to the previous month.
Source:Click Here

Date: 07-09-2023
ID: B200203063
Name: Gourango Sarker
Title: The strength of the dollar will continue this year for two reasons, according to a
Reuters poll.
The dollar will remain strong among the world's major currencies this year. According to a
recent survey of foreign currency experts by the news agency Reuters, the strength of the dollar
will not decrease this year. First, China, the world's second largest economy, is not doing well, its
growth rate is only slowing down. This has created fears among investors about the global
economy. As a result investors are investing in dollars as a safe medium. Second, the US central
bank, the Federal Reserve, started raising policy rates last year to control inflation. Although
inflation is largely under control, there are no signs that they will cut policy rates anytime soon.
Due to increase in policy interest rate, bond interest rate also increased. As a result, the dollar has
become more attractive to investors.
Source: Click Here

Week-8

Date: 10-09-2023
ID: B200203015
Name: Shakirul Islam
Title:Who is responsible for inflation control in Bangladesh, who will be accountable for
failure.

Despite the official inflation rate being at 9 percent, individuals with limited incomes are
experiencing an inflation rate that is more than double this figure. This situation contrasts with
the government's promise to keep inflation below 6 percent. Consequently, there is a perception
that both the government and Bangladesh Bank have been unsuccessful in managing inflation,
and the central bank is being held directly responsible for this failure.Inflation in the country is
akin to the temperature; it often feels higher than what official figures suggest. While the average
inflation rate stands at 9 percent, individuals with limited incomes are experiencing an inflation
rate of more than double that. This contradicts the government's pledge to keep inflation below 6
percent. Both the government and Bangladesh Bank are seen as having failed in controlling
inflation, and the central bank is being held directly accountable for this failure. Calls are being
made for the central bank to take responsibility for the situation.
Source:Click Here

Date:13-09-2023
Id :B200203047
Name Ashikur Rahman
Title: Oil price hit 10 month high, fears over supply
The world market has seen a significant rise in fuel oil prices, driven by concerns over oil supply
disruptions, particularly in Libya. This has led to oil prices reaching their highest point in the last
10 months, despite worries about a slowing Chinese economy and weak demand. Both Brent
Crude and WTI Crude, the global benchmark oil prices, increased, with Brent crude at $92.14
per barrel (up 0.1 percent) and WTI crude at $88.98 per barrel (up 0.2 percent), reaching their
highest levels since November 2022.
Saudi Arabia and Russia have decided to delay their decision to cut oil production by 1.3 million
barrels a day until the end of the year.Furthermore, the EIA predicts a decrease in global oil
reserves by 500,000 barrels per day until the second quarter of 2023, potentially pushing Brent
crude to $93 a barrel in the fourth quarter of this year.Lastly, in the United States, there have
been slight increases in crude oil, distillate, and gasoline inventories, with crude oil inventories
rising by 1.2 million barrels, gasoline stocks increasing by 4.2 million barrels, and distillate
stocks rising by 2.6 million barrels

Source:Click Here

Date:14-09-2023
Id :B200203047
Name: Gourango Sarker
Title: Soybean oil price reduced by Rs 5 per liter.
It has been decided to reduce the price of bottled soybean oil by five rupees per liter in the
country's market. Soybean oil will be priced at Tk 169 per liter. Soybean oil is currently being
sold at Tk 174 per liter in the market. Apart from soybean oil, the price of open palm oil has also
been reduced by four rupees per liter.
Source: Click Here

Week-9

Date: 17-09-2023
ID: B200203015
Name: Shakirul Islam
Title:The price hasn't decreased for potatoes, onions, or eggs, and customers and sellers are
frustrated.
Many businessmen have described the government's decision to increase the prices of potatoes,
onions, and eggs as "adding fuel to the fire" without providing any relief.In Palashi Market, the
capital city, Sohanur Rahman tried to negotiate the price of eggs yesterday. Despite the
government's fixed rate of 12 taka per egg, he had to pay 150 taka for a dozen eggs, expressing
his frustration with the market's pricing.Abdul Khalek, a retailer, clarified his reasons for not
selling eggs at the government's set price. He mentioned that he purchased eggs for 1,140 taka
per hundred from Tejgaon. The wholesale price of eggs has risen to 11.40 taka per egg. When
factoring in transportation costs, potential losses, shop rent, electricity bills, and egg packaging
expenses, the total cost per egg surpasses 12 taka.
Link:Click Here

Date: 19-09-2023
ID: B200203046
Name:Akidul Islam
Title: FBCCI asks BB to keep interest rate tolerable.
The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) has requested a
fixed exchange rate for the US dollar and urged the Bangladesh Bank not to significantly
increase interest rates to support a stable business environment. FBCCI's president Mahbubbul
Alam made these requests during a meeting with Bangladesh Bank's governor. They expressed
concerns about businesses opening letters of credit at higher dollar rates and the depreciation of
the domestic currency (taka). The governor assured them that the new lending rate system is
based on the SMART rate and shouldn't increase abnormally. FBCCI seeks cooperation to
maintain a tolerable interest rate.
Source: Click Here

Date:20-9-2023
ID:B200203047
Name:Ashikur Rahman
Title:The world bank give 100 million dollers to prevent thr erosion of the Jamuna River

The World Bank is granting a $100 million loan to Bangladesh for the protection and
enhancement of the Yamuna river. This project aims to safeguard riverbanks, improve
navigability, and support the livelihoods of local residents. In Bangladeshi currency (Taka), this
amounts to approximately 1,117 crore Taka, based on an exchange rate of 109 Taka 50 paisa per
dollar. The loan approval was announced recently, and it will be used for the sustainable
management of the Yamuna River, benefiting transportation, trade, and preventing land erosion
and floods. The project will be carried out in Phulchari, Gaibandha, and Kalihati areas,
benefiting around one lakh people and promoting safe and affordable river travel.
Source:click Here

Date:21-09-2023
Id :B200203047
Name: Gourango Sarker
Title: Even today, the company with the highest price increase has stopped

On the last working day of the week, Dhaka stock market has once again reached the top of
closed company transactions. Production of Khan Brothers Company has been stopped for a long
time. They have said several times that production has stopped due to reduced purchase orders.
But the share price of this closed company has increased abnormally for some time. In the
meantime, when the insurance sector started to rise, this company's rate of increase stopped
somewhat. Today again this company has returned to the trend of price growth. Even today this
company has the highest price increase.
Source : Click Here

Week-10

Date: 24-09-2023
ID: B200203015
Name: Shakirul Islam
Title: The price of chicken offspring is rising, and the prices of eggs and chickens may
increase further.
Buying chicken offspring at a higher price will increase production costs for poultry farmers. Its
impact will be felt on egg and chicken prices in a few weeks.The prices of mature chicken
offspring have increased in the market due to lower production compared to demand. This
increase in prices will raise production costs for poultry farmers, potentially leading to higher
prices for both eggs and chickens in the coming weeks. Additionally, the government is
considering banning the import of one-day-old chicken offspring, which has raised concerns
among local poultry farmers that the market could be dominated by a few large
companies.Farmers and businesses have noted that a month ago, the price of one-day-old broiler
chickens in the market ranged from 27 to 35 taka. Currently, the price has risen to 49 to 50 taka.
Because the cost of each chicken offspring is expected to increase by at least 20 taka, farmers
intend to reflect this additional cost when selling chickens.
Link:Click Here

Date: 26-09-2023
ID: B200203046
Name:Akidul Islam
Title: Dollar price set at Tk 123.35 as forward rate under new rules

Bangladesh Bank has introduced new rules for determining the future price (forward rate) of the
dollar, capping it at a maximum of 5% above the Six Months Moving Average Rate of Treasury
Bill (SMART) rate after one year. These rules aim to regulate the pricing of forward dollars. The
SMART rate, which was 7.10% in July, 7.14% in August, and remained stable in September,
serves as a basis for this pricing.If someone books dollars for the future now, they will pay Tk
123.35 per dollar after one year, with a decreasing cost if priced monthly. Currently, the dollar
price for imports is Tk 110. Bangladesh Bank implemented these rules in response to high-dollar
pricing by some private sector banks, with penalties imposed on 10 banks for setting higher
prices for importers. These new rules apply to both buying and selling dollars, allowing
importers to purchase dollars in advance for future use, subject to additional commissions based
on prevailing dollar prices.
Link:https://en.prothomalo.com/business/local/ckhwgcqmkg

Date: 27-09-2023
ID: B200203047
Name: Ashikur Rahman
Title: Good profit even in crisis, Apex footwear at the top of the transaction
Apex Footwear, a leading domestic shoe manufacturing and marketing company, has seen its
profits rise despite the ongoing dollar crunch due to exports. The company has declared a 45
percent dividend for shareholders this year. Out of which 35 percent is cash and 10 percent bonus
dividend. Last year also the company paid a 45 percent dividend to the shareholders in cash and
bonus. Apex Footwear reported that the company's earnings per share or EPS at the end of the
financial year ended last June stood at 12 taka 86 paisa. The previous year the amount was 10
taka 64 paisa. As such, Apex's EPS has increased by Rs 2.22 paise or about 21 per cent in one
year.
Source: Click Here

Date: 28-09-2023
ID: B200203063
Name: Gourango Sarker
Title: The government is buying LNG and fertilizer for Tk 1200 crore

The government has approved a new procurement proposal to import liquefied natural gas
(LNG) from the spot market to increase power and fuel supply. It will cost about 643 crore 2
lakh 63 thousand taka. Apart from this, four separate purchase proposals for purchase of urea
fertilizer for about Tk 531 crore have also been approved.
Source: Click Here

Week-11

Date: 05-10-2023
ID: B200203063
Name: Gourango Sarker
Title: Libra's share price soars, regulators remain silent.

The main stock market of the country, Dhaka Stock Exchange (DSE), has suddenly started to
increase the share price of the loss-making company Libra Infusion. The company's share price
increased by 173 taka or 21.5 percent in just 7 working days. People involved in the market say
that 'manipulation' is the possible reason behind this unusual increase in the company's share
price.
According to DSE data, the market price of the company's shares was Tk 808 last September 24.
At the end of the day last Wednesday, it increased to 981 taka. This is the highest market value of
the company's shares in the last one year.
Source: Click Here

Week-12
Date: 12-10-2023
ID: B200203063
Name: Gourango Sarker
Title: MFS transactions up 25% in August.
Mobile financial services (MFS) transactions in Bangladesh surged by over 25% year-on-year in
August. Data from 13 operators, including bKash, Nagad, and Rocket, revealed transactions
totaling Tk1.10 lakh crore, up from Tk87,635 crore in the same month the previous year. Active
MFS accounts rose to 8.19 crore, aided by a lower age limit for account applicants. The industry
still sees room for growth despite these gains, aiming for a future where paper money becomes
obsolete.

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