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Bangladesh Economy: News & Updates

Export to US sees robust growth
Posted on February 3, 2011

Export to US sees robust growth

Export to US sees robust growth
UNB

Dhaka, Feb 3: Export earnings from the United States, the largest market for Bangladesh goods, registered 41.47 percent growth in the first four months (July-October) of the current fiscal with buoyant performance of readymade garments, frozen shrimp and home textiles. Export earnings from the US in the July-October period of fiscal 2010-11 totaled US$ 1626.05 million compared to US$ 1149.43 million during the corresponding period of last fiscal (2009-10).

The amount was 24.19 percent of the total export earnings of the first four months.

According to statistics provided by the Export Promotion Bureau (EPB), the export of RMG items including knitwear to the US amounted to US$ 1486.37 million in July-October 2010 compared to US$ 1076.79 million during the corresponding period of 2009.

The RMG items including knitwear witnessed 38.04 per cent growth in the US market.

The major exports to the US market during the period were woven garment ($1053.43 million), knitwear ($432.94 million), frozen shrimp ($34.44 million), cap ($12.79 million) and home textiles ($ 28.62 million).

During the July-October period, around 44.84 percent of the country’s total woven garment exports entered US market, followed by knitwear 14.99 per cent and frozen shrimp 19.97 per cent.

Bangladesh’s export earnings from the US in the 2009-10 fiscal totaled US$ 3.14 billion, a 7.74 per cent fall over US$ 3.4 billion registered in 2008-09 mostly because of the global economic recession.

Exports of RMG including knitwear witnessed a sharp fall of over 6 per cent in |the last fiscal (2009-10) fetching US$ 2.9 billion as against US$3.1 billion in fiscal 2008-09.
The last fiscal (2009-10) marked the end of an up-and-down decade for Bangladesh exports to the US.

From a high of US $2.5 billion during the 2000-01 fiscal, exports had fallen below US$ 2 billion by 2003-04. Exports rose steadily to cross the US$ 3 billion mark in 2005-06, and peaked at nearly US$ 3.6 billion during the 2007-08 fiscal.
 
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2 agro-processing units in the offing in Rajshahi region
Posted on February 3, 2011

2 agro-processing units in the offing in Rajshahi region

2 agro-processing units in the offing in Rajshahi region
BSS

RAJSHAHI, Feb 3: Construction works of two modern agro- processing factories are progressing fast in the region with an ultimate goal of adding value of the agricultural products especially mango, tomato and potato. A plant named Hashem Agro-processing Industry is being built on 40 bighas of land at Rishikul under Godagari upazila of the district with the initiative of Sazib Corporation setting target to manufacture mango pulp in the coming mango season.

Another factory is being planned be Vegan Group on 50 bighas of land at Rohanpur under Chapainawabgonj district, where a pulping plant will also be established.
With this venture, cold storage for both mango and tomato is going to be built for the first time in the two districts.

In addition to pulp preservation, the factories will preserve mango, tomato and potato in small-scale.

Sohel Rana, Plant Manager of Hashem Agro-processing Industry, told BSS that the plant will process 30,000 tons of mango and 20,000 tons of tomato every year for producing pulp with ultimate goal of manufacturing mango-juice and tomato-sauce respectively. “We will establish cold storage assembling modern machineries for the pulp preservation,” Sohel Rana said.

He added that the plant will also have provision for preservation of adequate mango, tomato and potato after segregating the quality ones with modern automatic machine.

On commissioning, he said around 500 people will get job in the factory directly, which will benefit another around one lakh people indirectly.
 
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Bangladeshi company to invest US$ 6 million in Ishwardi EPZ
Posted on February 3, 2011

http://www.bssnews.net/newsDetails.php?cat=2&id=159029&date=2011-02-03

Bangladeshi company to invest US$ 6 million in Ishwardi EPZ

DHAKA, Feb 3 (BSS)- Fujian Export Industry, a hundred per cent Bangladeshi company, will set up a garments Accessories manufacturing plant at a cost of US$ six million in Ishwardi Export Processing Zone.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Fujian Export Industry in BEPZA Complex today.

The outfit will create employment opportunities for 505 persons including two foreign nationals, said a press release.

Member (investment promotion) of BEPZA Moyjuddin Ahmed and Managing Director of Fujian Export Industry Zahir Uddin Haider inked the agreement on behalf of their respective sides.

BEPZA Executive Chairman Major General A T M Shahidul Islam and other officials from the respective organizations were present on the occasion.
 
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NBR beats target for revenue receipts

Posted on February 2, 2011

NBR beats target for revenue receipts

NBR beats target for revenue receipts

Star Business Report

The National Board of Revenue has achieved a big success in revenue receipts, 27 percent or around Tk 3,000 crore more than the target, in the first six months of current fiscal year.

If the trend continues, NBR will be able to realise more revenues than the target at the end of the current fiscal year, said NBR Chairman Nasiruddin Ahmed.

During July-December, the revenue administrator collected Tk 33,550 crore in revenues, up from Tk 26,394 crore in the same period of the previous fiscal year.

The body set a target to gather Tk 72,590 crore in revenues in fiscal 2010-11, which was fixed at Tk 30,720 crore for the first six months.

Ahmed disclosed the information at a press meet at its conference room in Dhaka yesterday.

The revenues collected from income taxes saw a growth of 34 percent, the highest this time. Realisation of value-added-tax (VAT) increased by 34 percent at local level while the collection went up 27 percent at import level.

“The higher the income tax collection the more it contributes to build a society,” the chairman said.

“It was the result of NBR’s sincere efforts.” He said NBR officials are no more confined to office-based duty and frequently go on field trips that lessened fears among taxpayers. “It boosted revenue collections,” he said.

He also said the tax collection process had been made simpler. The electronic tax collection has been introduced in many cases. These actually helped the organisation collect the revenues at all levels, he added.

The NBR has taken many people-based programmes this time, which helped increase the number of income tax returns submissions, said NBR member Basir Uddin Ahmed.

The number of submissions as of December 2010 was 9.83 lakh, up from 7.72 lakh in the same-year-ago period, he said.

NBR’s income tax policy member Aminur Rahman said the target for revenue earnings from the sector will not fall short despite a recent fall in the share market.

NBR made the tax projection from the share market anticipating a daily transaction of Tk 1,500 crore. The average daily transaction will maintain the projected rate, regardless of a decrease in transactions in recent times, Rahman added.

Another NBR member, Farid Uddin, said: “In future we will attach highest emphasis to income tax.” Mentioning the NBR team’s recent visit to South Africa, he said only 4 percent of the tax comes from import level and 24 percent from VAT. “Income tax provides the rest.”

NBR member (customs) Hussain Ahmed said the tenure of pre-shipment inspection system has been extended to December 2012. The appointment of a new company is now under process, he said.
 
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Amcham India to lead US biz delegation to Bangladesh
PTI – 2 hours 41 minutes ago

New Delhi, Feb 4 (PTI) A delegation of US firms like Coca-Cola and Johnson & Johnson, which have presence in India, will be visiting Bangladesh next week to explore business and investment opportunities there.

The 17-member delegation comprising senior officials would be visiting Dhaka between February 8-10, under the aegis of American Chamber of Commerce in India (Amcham).

"A call by Prime Minister Sheikh Hasina welcoming public-private partnership and a 5 per cent plus annual growth rate for the last few years and other economic developments attracted these companies to visit Bangladesh," Amcham said in a statement here.

Hasina invited global investment in her country when she had addressed the UN General Assembly meetings in New York in last September.

The US firms on the delegation to Dhaka represent interests ranging from infrastructure, telecom, healthcare to food and beverages.

It is being led by Amcham India Vice-Chairman Aniruddha Lahiri and will call on the Bangladesh Cabinet Ministers for Industry, Agriculture.

It will also interact the local chambers, including Federation of Bangladesh Chambers of Commerce and Industry.

The group of companies include Skytech Solutions, Ashland, Coca-Cola, Johnson & Johnson, Telcordia Technologies, Atlas Healthcare Software and Monsanto among others.
 
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Mitsubishi global chief due in town
photo_gallery.php

Global President of Mitsubishi Motors Corporation Osamu Masuko is scheduled to arrive in Bangladesh for a three-day visit today, Rangs Group said in a statement yesterday.

Masuko will meet Industries Minister Dilip Barua, Chairman of Rangs Group Abdur Rouf Chowdhury and different high officials of the government.

He joined Mitsubishi Corporation in the motor vehicle and rolling stock department after completing his graduation from Waseda University in Japan in 1972.

Masuko took the charges of the president of Mitsubishi Motors in 2007.
 
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Exports post robust growth

Posted on February 8, 2011
by bangladesheconomy| Leave a comment


Exports post robust growth

Exports post robust growth
Star Business Report

Bangladesh registered almost 40 percent growth in exports in the first seven months of the current fiscal year, compared to the same period a year ago.
According to the Export Promotion Bureau (EPB), the country exported goods worth $12.18 billion during July-January of fiscal 2010-11, up from $8.7 billion during the same period of 2009-10, marking a 39.85 percent rise.

In January alone, exports grew 34.33 percent to $1.92 billion, compared to the same month of the previous year, according to government data.

The EPB report shows exports of major products — knitwear, woven, jute and jute goods, home textile, frozen foods, shrimp, leather goods — have grown significantly during July-January period.

In the first seven months of the current fiscal year, the knitwear sector earned $5.07 billion, which is a 43.22 percent rise from the same period a year ago. Woven garment exports grew 39.09 percent to $4.38 billion, compared to the same-year-ago-period.

The shipbuilding sector logged highest growth in percentage, rising at 1,386.78 percent.
At the same time, products such as tea, chemical, bicycle, furniture, engineering products, petroleum by-products and pharmaceuticals showed negative growth.

However, EPB set a target to earn $18.5 billion for the current fiscal year, which is 14.16 percent more than the actual earnings last year.

During 2009-10, the total export earnings were $16.2 billion against a target of $17.6 billion, which was 4.11 percent higher than the 2008-2009 earnings.

link:

Exports post robust growth
 
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Sedan venture soon

Posted on February 9, 2011
by bangladesheconomy| Leave a comment
Sedan venture soon

Sedan venture soon
Mitsubishi president tells The Daily Star about the motor giant’s decision on new assembling project in Bangladesh


Osamu Masuko
Sajjadur Rahman

Mitsubishi Motors Corporation decided to assemble family saloon cars in Bangladesh to tap the growing potential of the local market.

The Japanese carmaker giant also has plans to locally manufacture as many components as it can.

“We [Bangladesh government and Mitsubishi] have agreed to study the possibility of a sedan car assembling project,” Osamu Masuko, global president of Mitsubishi Motors, told The Daily Star in an interview yesterday.

The study will be concluded in six months, Masuko said.

After the feasibility study, state-owned Progoti Industries Ltd will start assembling the cars with 1,300cc (1.3 litre) engines.

The family saloon will be the third Mitsubishi vehicle, after the Pajero and Pajero Sport, to be assembled here. Progoti has been assembling Pajeroes since 1985. The Pajero Sport is expected to hit the local market in two to three months.

Rangs Motors is the sole distributor of all Mitsubishi vehicles in the local market.

Masuko, who is now in the city on a three-day visit to see progress of Mitsubishi’s ongoing and future projects, said Bangladesh would benefit from the assembly plants in terms of technology transfer.

“Bangladesh has to localise components to save the foreign currency being spent on imports,” said the company president.

He cited the example of Hyundai Motor, a Korean automaker, that has become a global player due to transfer of technology by Mitsubishi Motors.

“It took 39 years to transfer the technology to Hyundai. If we start here today it will take at least 10-15 years to do that,” said Masuko.

He believes that Bangladesh has a lot of potential in the automobile sector with its huge number of educated young people.



link:

Sedan venture soon | Bangladesh Economic News
 
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Western Marine to build ferry for Denmark

Posted on February 9, 2011

Western Marine to build ferry for Denmark

Western Marine to build ferry for Denmark
Keel-laying ceremony to be held today

One of the ships (the EMSSEA) built by Western marine. Source: PriyoAustralia.com.au - connecting community people

STAFF REPORTER

CHITTAGONG, FEB 9: After Germany, Denmark makes a beeline for Bangladesh. Western Marine Shipyards Ltd, leading ship-building company of the country, today begins the construction of a passenger ferry for a Danish company with the ceremonial laying of the keel of the vessel. The 49.80-metre-long ferry is being built for Hundested Rorvig Faergefart (HR) under the supervision of French classification society, Bureau Veritas, a company official said. Southeast Bank, the financial partner to Western Marine in this project, has extended a credit line of Tk. 44 crore (funded & non-funded), he added.

The new order is being viewed as a great achievement for the country’s ship-building industry in general, and for Western marine in particular, as this is the first time that a Danish order has travelled far beyond the shores of Scandivia.

The secretary in the ministry of commerce, Ghulam Hussain, is expected to inaugurate the ceremony as chief guest at the Patiya shipyard of Western Marine while Chairman of Prime Bank & CEO of East Cost, Azam J. Chowdhury will be present as special guest.

The chairman and the chief executive officer of Hundested Rorvig Faergefart, Captain Kennie G. Kjeldsen and Bo Andersen; regional head (SE Asian) of Bureau Veritas, Hubert Mignot; representative of the Danish Embassy in Bangladesh, Morten S. Lynge; representative of Western Marine in Europe and managing director of East Wind Germany, Hans-Ulrich Brenneke; and deputy managing directors of Southeast Bank, Syed Imtiaz Hasib and Shahid Hossain will be present during the programme.

Denmark enjoys a global reputation for building high-quality ferries. In fact Bangladesh once imported ferries from Denmark for operating in inland waters. Western Marine was nominated for this new building order by Danish Maritime Authority (DMA), which is known for maintaining and following stringent maritime safety rules in the world.

Western Marine termed the achievement the beginning of a new chapter in the history of ship-building industry in Bangladesh with the country poised to export ferries to Denmark.

Earlier, Western Marine delivered two ice-class 5,200 DWT multi-purpose vessels to a German company.
 
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ECNEC approves 11 projects involving Tk 2246 crore
Posted on February 8, 2011

Bangladesh Sangbad Sangstha (BSS)

ECNEC approves 11 projects involving Tk 2246 crore

DHAKA, Dec 7 (BSS) – The Executive Committee of National Economic Council (ECNEC) today approved 11 projects involving Taka 2246 crore with Taka 1155 crore coming from domestic sources and Taka 1091 crore from project aid, an official release said.

The approval was given at a meeting of the ECNEC held at the NEC conference room here with Prime Minister Sheikh Hasina in the chair.

The approved projects include water supply and sanitation project for the Sidr and Aila affected people in coastlines, river bank protection projects for the left banks of Madhumati river at Fukra of Gopalganj and beel route channel in Madaripur, Karnaphuli water supply project, projects for infrastructure development of three jails and completion of remaining works of two other jails, first phase construction work of Muktijoddha complex in all districts, extension and development of Hathazari road and development of roads, bridges and culverts in different parts of the country.

Finance Minister and Alternative Chairman of ECNEC Abul Maal Abdul Muhith, Planning Minister Air Vice Marshal (Retd) AK Khondoker (Bir Uttam), Agriculture Minister Matia Chowdhury, LGRD and Cooperatives Minister Syed Ashraful Islam, Water Resources Minister Ramesh Chandra Sen, Commerce Minister Lt. Col (Retd) Faurk Khan, Communications Minister Syed Abul Hossain, Law Minister Barrister Shafiq Ahmed, Shipping Minister Shajahan Khan, Home Minister Advocate Sahara Khatun, advisers to the Prime Minister H T Imam, Dr. Modasser Ali, Tawfique-e-Elahi Choudhury (Bir Bikram), Dr. Alauddin Ahmed, State Minister for Liberation War Affairs Capt. (Retd) A B M Tajul Islam and State Minister for Housing and Works Advocate Abdul Mannan Khan attended the meeting.

Cabinet Secretary, Principal Secretary to the Prime Minister, Planning Secretary, members of the planning commission, secretaries and high officials of concerned ministries were also present.
 
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Exports post robust growth
Posted on February 8, 2011

Exports post robust growth

Exports post robust growth
Star Business Report

Bangladesh registered almost 40 percent growth in exports in the first seven months of the current fiscal year, compared to the same period a year ago.

According to the Export Promotion Bureau (EPB), the country exported goods worth $12.18 billion during July-January of fiscal 2010-11, up from $8.7 billion during the same period of 2009-10, marking a 39.85 percent rise.

In January alone, exports grew 34.33 percent to $1.92 billion, compared to the same month of the previous year, according to government data.

The EPB report shows exports of major products — knitwear, woven, jute and jute goods, home textile, frozen foods, shrimp, leather goods — have grown significantly during July-January period.

In the first seven months of the current fiscal year, the knitwear sector earned $5.07 billion, which is a 43.22 percent rise from the same period a year ago. Woven garment exports grew 39.09 percent to $4.38 billion, compared to the same-year-ago-period.

The shipbuilding sector logged highest growth in percentage, rising at 1,386.78 percent.

At the same time, products such as tea, chemical, bicycle, furniture, engineering products, petroleum by-products and pharmaceuticals showed negative growth.

However, EPB set a target to earn $18.5 billion for the current fiscal year, which is 14.16 percent more than the actual earnings last year.

During 2009-10, the total export earnings were $16.2 billion against a target of $17.6 billion, which was 4.11 percent higher than the 2008-2009 earnings.
 
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Turkey appears to be important RMG market for Bangladesh

Turkey appears to be important RMG market for Bangladesh

Shah Alam Nur

Turkey appears to be an important prospective apparel market for Bangladesh.

This is mainly because there was a substantial rise in Turkey's import of woven apparels during 2000s. Turkey's import increased from $ 113 million in 2001 to $ 1.23 billion in 2008 with yearly rise of 141 per cent.

The share of import from Bangladesh registered a substantial rise - from 0.2 per cent of Turkey's total import in 2001 to 13.8 per cent in 2008, according to the German International Cooperation's (GIZ) a research book titled 'Market access guide to the new and emerging markets for Bangladesh woven garment manufacturers and exporters'.

Outside traditional market, Turkey is the largest apparel market for Bangladesh with an export of $108 million in FY 2009 at growth rate of as high as 65 per cent.

China's market share in Turkey has been gradually overtaken by other major apparel exporters including Bangladesh, India, Malaysia, Indonesia and Vietnam, saw the GIZ research book.

The research book saw, Bangladesh has been the leading supplier for a number of products in Turkey. These include cotton shirt for men/boys 42.4 per cent, man-made fibre shirt for men/boys 41.6 per cent, shirt of other textile materials for men/boys 37.1 per cent, women/girls' blouses of other textile materials 36.3 per cent, and men/boys' swimwear of textile materials 26.7 per cent.

Besides, Bangladesh is one of the leading suppliers of few other products including women/girls' trousers and shorts, women/girls' skirts, women/girls' overcoats, men/boys' overcoats and men/boys' trousers and shorts. Interestingly, a few of these products are not even Bangladesh's major export items, saw the Research book.

The GIZ research book saw, sixteen out of top twenty products of Bangladesh are price competitive in Turkey's market. Besides, 13 per cent of these top 20 products are found to have comparative advantage over products of other major supplying countries including China, Vietnam and India.

There are tariff differentials of 5.2 to 9.6 per cent between Bangladesh and China, Vietnam and India. Since Turkey follows the same rules of origin as of EU, Bangladesh's products had to comply with two-stage rules of origin (RoO) until December, 2010. It appears that Turkey may revise its rules of origin as like EU with a single-stage-RoO, which would increase their export to Turkey.

Bangladesh Garments Manufacturers and Exporters Association (BGMEA) Abdus Salam Murshedy told the FE that earnings from garment export were poised to cross US$17 billion in the current (2010-11) fiscal year, driven by increased shipment to existing markets and surging orders from new nations. The sector has achieved cent per cent export target in new but potentially large markets such as Japan, South Africa and the Middle-Eastern countries, said Mr Murshedy.

He said RMG exports attained an impressive 42 per cent growth in the first half of the current fiscal year when it earned $8.0 billion. Earnings in the second half are set to hit $9.0 billion thanks to a spike in orders.
 
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Capital market in Bangladesh: Concept and formation

Md Noor Solaiman (Jewel)

Capital market is a mechanism to flow fund from the hands of small savers (individuals and institutions) at low costs to those entrepreneurs who do need fund to start business or to business. In the other words, capital market mechanism gives a part ownership of big companies/corporations to small savers like you and me. In simple term, it is a globally accepted scheme to share ownership of economic development with general public.

History of capital market: Capital market started in USA at Wall Street in 1653. 1t came to Mumbai, the commercial capital of India around 1890. However, investment in shares boomed in late 1970s. It took many years to come to the land, now comprising Bangladesh. The origin of stock market in Bangladesh goes back to April 28, 1954 when a stock exchange was formed under the name East Pakistan Stock Exchange Association at Narayanganj. Trading started in 1956. It was renamed East Pakistan Stock Exchange Ltd. Transferred to Dhaka in 1958 and again renamed Dhaka Stock Exchange Ltd in 1964.

Trading remained suspended during the Liberation War in 1971. The Dhaka Stock Exchange resumed operation in 1976 with nine listed companies as against 452 today. Capital market in Bangladesh got momentum with the establishment of Securities and Exchange Commission in 1994. A big wing was added to the capital market with the incorporation of Chittagong Stock Exchange on April 1, 1995. Operation of CSE started on October 10, 1995. However, there was a market crash in November 1996. Thousands of investors lost their capital and ran away from the capital market. At that time there was trading floor at both the stock exchanges.

Trades were conducted through cry-out system. A high powered enquiry committee was constituted to investigate the cause of the market crash, to suggest remedial actions to avoid such crash in future. Cry-out system of trading was replaced by automated trading system under LAN. Virtually capital market facilities are now expandable to all big cities. The CSE has offered internet trading facility to get excess even from outside the country. The DSE will operate the service soon. The Asian Development Bank granted aid to strength the SEC capacity to become a pro-active regulator and facilitator. Now, we are institutionally better equipped to become a vibrant capital market.

Product of capital market: a) Shares, b) Debentures, c) Mutual funds, d) Bonds, e) Derivatives, f) Future and options.

Players of capital market: a) Investors, b) PLCs, C) Stock Exchanges, d) Brokers and Dealers, e) Merchant banks, f) Securities and Exchange Commission, g) CDBL.

Operation of capital market: Each and every step of capital market operation is regulated. Regulations may come from SEC, Stock Exchanges and CDBL under Securities Act.

Parameters used to measure size of capital market: a) Number of listed companies, b) Number of securities, C) Size of market capitalisation, d) Index, e) Daily trade volume, f) GSP ratio to market capitalisation,

Efficiency indicators of capital market: a) PE multiple, b) Dividend yield, c) Liquidity, d) Visible presence of regulators, e) Exit route regulation for sick PLC.

CSE role in Bangladesh capital market development: Automation, On-line trading, SAFE, Securities Institute, International Seminar, Investors training etc.

Future action plan for vibrant capital market in Bangladesh: a) Strengthen SEC, b) Capital Market Education: at school, college and university levels, c) Training of Directors of PLC, Regulator and Broker house officials etc, d) Certification system for certain level of officials, e) Introduction of new Products, f) Incentives for listing with Stock Exchange, g) New pricing mechanism for IPO, h) Appropriate fiscal measures, i) Fully automated settlement system, j) Separate bench at High Court.

The Economist Intelligence Unit: The Economist Intelligence Unit is the world's foremost provider of country, industry and management analysis. Founded in 1946 the Economist Intelligence Unit of The Economist magazine is now a leading research and advisory firm with more than 40 offices worldwide. For nearly 60 years, the Economist Intelligence Unit has delivered vital business intelligence to influential decision-makers around the world.

The Economist's international reach and unfettered independence make it the most trusted and valuable resource for international companies, financial institutions, universities and government agencies.

Its mission is to provide executives with authoritative analysis and forecasts to make informed global decisions.

Institutional investor: Institutional Investor is a leading international business-to-business publisher, focused primarily on international finance. It publishes magazines, newsletters and journals as well as research, directories, books and maps. It also runs conferences, seminars and training courses and, is a provider of electronic business information through its capital market databases and emerging markets information service.

The DIFC: The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.

In just under two years, over 400 firms have registered with the DIFC which operates in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange.

A brief overview of the Tokyo Stock Exchange: The Tokyo Stock Exchange (TES), located in Tokyo, Japan, is the second largest Stock Exchange in the world based on money volume just behind the New York Stock Exchange. The TSE provides a market for Securities and Exchange. The major function of the Exchange is to provide a market place, monitor trading and supervise trading participants.

The Exchange was established May 15, 1878. By 1920s when Japan experienced rampant growth in its economy, trading stock over bonds, gold and silver currencies become the norm.

The Exchange was shut down in 1945 and reopened 1949 under the guidance of the Americans after World War II. The TSE accounts 90.6 per cent of all securities transaction in Japan dwarfing its rivals, the Osaka Stock Exchange 4.2 per cent and Nagoya Stock Exchange 0.1 per cent.

Stock listed on the Exchange is divided into three sections. The first section, for large companies; the second section for mid-sized companies and the mother section, for high growth start up companies. Proclaimed as the fairest, most liquid, and fasted growing market in Japan.

Stock Market in India: Indian stock markets are one of the most dynamic and efficient stock markets in Asia. In terms of the makeup and overall dynamics, the Indian stock markets are at par with international standards. The two national exchanges operating in India are the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). These exchanges are well equipped with electronic trading platforms and handle large volume of transactions on a daily basis.

Company Security Profiles: The information provided here will help investors and traders of Indian stocks, bonds and debentures. This section will provide useful information on the large, mid-sized and small capitalisation companies which are listed under the BSE and NSE.

Conclusion: In today's world, if you rely on fundamental analysis, brokers advise, share price information, newspaper articles or business channels for your investing or trading decisions, you are asking for a painful experience in the markets.

Whether you are a first time investor, a seasoned pro, an "in and out" day trader or a long term investor the Dhaka Stock Exchange Ltd, Chittagong Stock Exchange Ltd, StockBangladesh.com and Securities and Exchange Commission will provide you with the necessary information you need for maximum profits and success in today's dynamic markets.

The methods used to analyse securities and make investment decisions fall into two very broad categories: fundamental analysis and technical analysis. Fundamental analysis involves analysing the characteristics of a company in order to estimate its value. Technical analysis takes a completely different approach; it doesn't care one bit about the "value" of a company or a commodity. Technicians (sometimes called chartists) are only interested in the price movements in the market.

Despite all the fancy and exotic tools it employs, technical analysis really just studies supply and demand in a market in an attempt to determine what direction, or trend, will continue in the future. In other words, technical analysis attempts to understand the emotions in the market by studying the market itself, as opposed to its components. If you understand the benefits and limitations of technical analysis, it can give you a new set of tools or skills that will enable you to be a better investor.

The writer is a Senior Executive Officer (Brokerage Division) The Premier Bank Ltd. O.R. Nizam Road Branch, Chittagong

Capital market in Bangladesh: Concept and formation
 
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Ship-breaking recognised as industry
Unb, Dhaka

The government yesterday took decision to place the ship breaking sector under the Ministry of Industries.

The decision was taken at a high level meeting on ship breaking and ship recycling with Prime Minister Sheikh Hasina in the chair at her office.

The prime minister said the ship breaking sector has been identified as a separate industry considering its huge potentials and economic involvement.

She, however, cautioned that the authorities concerned will have to be careful so that the ship breaking industry does not cause any harm to the environment.

“We have to protect our environment at any cost,” Hasina said.

The premier also asked all individuals and institutions involved in the ship breaking industry to abide by conventions and laws about environmental impacts of the ship breaking.

“Laws and conventions regarding the ship breaking and environmental issues must be followed to protect natural environment,” she said.

The prime minister also directed the authorities concerned to bring the ship breaking yards in a disciplined and well organised system.

Ship breaking industry here and there causes serious threats to environment as well as lands of the country, she said.

“Our agricultural lands and coastal forests are inevitable parts of our food security and environment. We must ensure proper utilisation of our lands,” she said.

The meeting also observed that after the declaration of the ship breaking sector as an industry, this industry will advance much and help reduce cost of rods to a great extent.

Finance Minister AMA Muhith, Law Minister Barrister Shafique Ahmed, State Minister for Environment and Forest Hasan Mahmud, PM's Adviser HT Imam, Principal Secretary to PM MA Karim and PMO Secretary Mollah Waheeduzzaman were, among others, present.
 
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India-based US companies keen to
invest in Bangladesh

India-based US companies on Wednesday expressed their willingness to invest in various sectors including manufacturing, IT, power and infrastructure sectors in Bangladesh, report agencies.
Leaders of American Chamber of Commerce and Industry (AmCham) in India expressed the willingness at a meeting with leaders of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) at its office in Dhaka last Wednesday.
During the meeting, AmCham in India vice-president Aniruddhan Lahiri said that the US-based companies always promote bilateral trade and they have come to Bangladesh to explore business opportunity. Terming Bangladesh as a lower cost business destination, he said Bangladesh has great potential for business due to low labour costs. "The India-based US companies are willing to invest in Bangladesh."
"We may invest in various sectors like power, health, IT and infrastructure in Bangladesh. AmCham want to invest in these sectors," he said. Aniruddhan Lahiri, who is leading a 17-member business delegation in Bangladesh, said they are willing to work together with all, including the government of Bangladesh in a meaningful way to promote business.
"The market for manufacturing is not yet developed here. Bangladesh can set up a manufacturing centre for South Asian region. Promoting this sector, the country can easily achieve double figure of GDP growth by 2014-2015," he said.
Addressing the meeting, FBCCI vice-president Mostofa Azad Chowdhury Babu said the US continues to remain a critically important market for Bangladesh's exports.
Bangladesh's exports to the USA stood at US$ 3950.47 million in 2009-2010 fiscal and US$ 1253.35 million in (July-Sept) 2010-2011 while the import was US$ 469.44 million in 2009-2010 fiscal and US$ 159.27 million in 2010-2011 (July-Sept), he said. Mostofa Azad urged the Indian investors to invest in Bangladesh for expending their exports in USA as well as other export destinations. FBCCI secretary general Mir Shahabuddin Mohammad, directors SA Salahuddin and Monowara Hakim were, among others director and delegation members, attended the meeting.
 
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