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2011 Bangladesh Share Market Scam
The 2010-11 Bangladesh share market scam was a period of instability in the stock market from 2009 to 2011; the turmoil was in the two Bangladeshi stock exchanges, DSE and CSE. The market rose 62% in 2009, and 83% in 2010, but then declined 10% in January 2011, and a further 30% in February 2011. The crash is deemed to be a scam and exacerbated due to government failure. Background The stock market was in turbulence throughout much of 2009, with the long bullish trend starting to turn grim. The bullish trend was initiated by the end of the two-year political crisis and re-emergence of democracy when Awami League won the December 2008 polls, and was largely unaffected by the BDR Mutiny. The market was heavily aided by the entrance of Grameenphone into the capital market, when the index rose by 22% over a single day on 16 November 2009. Share prices continued to fluctuate, reaching the annual high in mid-2009 before plummeting by the end of 2009, with retail investors threate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Market
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment is usually made with an investment strategy in mind. Size of the market The total market capitalization of all publicly traded securities worldwide rose from US$2.5 trillion in 1980 to US$93.7 trillion at the end of 2020. , there are 60 stock exchanges in the world. Of these, there are 16 exchanges with a market capitalization of $1 trillion or more, and they account for 87% of global market capitalization. Apart from the Australian Securities Exchange, these 16 exchanges are all in North America, Europe, or Asia. By country, the largest stock markets as of January 2022 are in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abul Maal Abdul Muhith
Abul Maal Abdul Muhith (25 January 1934 – 30 April 2022) was a Bangladeshi economist, writer, civil servant, secretary, diplomat and politician. He served as the Finance Minister of the government of Bangladesh from January 2009 until January 2019. Early life and education Muhith was born on 25 January 1934, to a Bengali Muslim political family in Sylhet. His father, Abu Ahmad Abdul Hafiz, a judge in profession, was one of the founders of the Sylhet branch of the All-India Muslim League and took part in the Pakistan Movement. His mother, Syeda Shahar Banu, was one of the leading women of the Bengali language movement. He was the third child in a family of fourteen children. His younger brother is AK Abdul Momen, the incumbent Minister of Foreign Affairs for Bangladesh, and his sister is Shahla Khatun, a physician and National Professor of Bangladesh. Muhith passed the matriculation exam from Sylhet Government Pilot High School in 1949. He secured first place in his Interm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Bangladesh
The economy of Bangladesh is a major economy of South Asia and a developing market economy. — — —Siddiqi, Dina M. “Miracle Worker or Womanmachine? Tracking (Trans)National Realities in Bangladeshi Factories.” Economic and Political Weekly, vol. 35, no. 21/22, Economic and Political Weekly, 2000, pp. L11–17, . —Paksha Paul, B. (2010), "Does corruption foster growth in Bangladesh?", International Journal of Development Issues, Vol. 9 No. 3, pp. 246-262. —Chowdhury, M.S. (2007), "Overcoming entrepreneurship development constraints: the case of Bangladesh", Journal of Enterprising Communities: People and Places in the Global Economy, Vol. 1 No. 3, pp. 240-251. —Bashar, Omar K. M. R., and Habibullah Khan. “Liberalisation and Growth in Bangladesh: An Empirical Investigation.” The Bangladesh Development Studies, vol. 32, no. 1, Bangladesh Institute of Development Studies, 2009, pp. 61–76, . —Ahamed, Md Mostak. “Market Structure and Performance of Banglade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2011 In Bangladesh
The year 2011 was the 40th year after the independence of Bangladesh. It was also the third year of the second term of the Government of Sheikh Hasina. Incumbents * President: Zillur Rahman * Prime Minister: Sheikh Hasina * Chief Justice: A.B.M. Khairul Haque (until 15 May 2011), Md. Muzammel Hossain (from 16 May 2011). Demography Climate Economy Note: For the year 2011 average official exchange rate for BDT was 74.15 per US$. Events * 7 January – Widespread outrage at the killing of Felani Khatun a 15-year-old Bangladeshi girl, who was shot and killed by India's Border Security Force (BSF), at India-Bangladesh border. * 17 February – Bangladesh co-hosted the ICC Cricket World Cup with India and Sri Lanka. The Opening Ceremony of the event was held in the venue Bangabandhu National Stadium in Dhaka. * 11 July – At least 40 people, including 38 students, were killed when a pick-up truck carrying them veered off the road and plunged into a roadside ditch at May ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance In Bangladesh
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Market Crashes
A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic bubbles. A stock market crash is a social phenomenon where external economic events combine with crowd psychology in a positive feedback loop where selling by some market participants drives more market participants to sell. Generally speaking, crashes usually occur under the following conditions: a prolonged period of rising stock prices (a bull market) and excessive economic optimism, a market where price–earnings ratios exceed long-term averages, and extensive use of Margin (economics), margin debt and leverage by market participants. Other aspects such as wars, large corporate hacks, changes in federal laws and regulations, and natural disasters within economically productive areas may also influence a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Association Of Banks
Bangladesh Association of Banks is an industry trade body of private banks in Bangladesh that represents the interests of the banking industry. Nazrul Islam Mazumder, chairperson of Exim Bank, is the Chairman of the Bangladesh Association of Banks. History Bangladesh Association of Banks was established in 1993 by nine private banks. The founding members were Al Baraka Bank Pakistan, AB Bank, The City Bank, IFIC Bank, National Bank Limited, United Commercial Bank Ltd, and Uttara Bank Limited. The first meeting was held on 12 December 1993 at the Hotel Sheraton (currently the InterContinental Dhaka). By 2018, membership had risen 38 private banks. In 2020, Bangladesh Association of Banks proposed to set up Mujib corners in the headquarters of all private banks of Bangladesh. References 1993 establishments in Bangladesh Organisations based in Dhaka Trade associations based in Bangladesh Banking in Bangladesh {{Bangladesh-org-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
M Khairul Hossain
M Khairul Hossain is a Bangladesh academic, Professor of Finance at the University of Dhaka, and had been the longest-serving head of Bangladesh Securities and Exchange Commission. Early life Hossain completed his bachelor's degree and Masters in Economics from Plekhanov Russian University of Economics in 1978 and 1979 respectively. In 1983, he completed his PhD from Plekhanov Russian University of Economics. In 2000, he completed his second PhD from Prairie View A&M University in finance. Career Hossain has served as the chairman of the Investment Corporation of Bangladesh from 15 September 2009. He is a Selection Grade Professor and chairperson of the Department of Finance and Banking at the University of Dhaka. In 2010-2011 there was a severe financial crisis in the Dhaka Stock Exchange in the aftermath of the 2011 Bangladesh share market scam. Following which the government of Bangladesh appointed Hossain on 15 May 2011 to be the chairperson of the Bangladesh Securities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mosaddek Ali Falu
Mohammad Mosaddak Ali (born 7 April 1960), also known as Phalu, is a Bangladeshi entrepreneur and a politician who was a former parliamentarian from Bangladesh Nationalist Party (BNP). He served as the political secretary to the Prime Minister of Bangladesh Begum Khaleda Zia between 2001 and 2004. He was responsible for building special relations and partnership for development between the government and the private sector that is interested in investing in new and highly potential industrial sectors, and introducing new products and services to local industries, at a time when Bangladesh's economic growth accelerated. In 2003, Ali launched Bangladesh's first automation-based private satellite television station NTV. He also founded another satellite channel RTV and Bengali daily newspaper ''Amar Desh''. He is the founding President of Association of Television Channel Owners (ATCO). Early life and education Ali was born on 7 April 1960. His father Alhaj Abdul Mannan was a bus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beximco
Bangladesh Export Import Company Limited ( Bangla Transliteration: বাংলাদেশ এক্সপোর্ট ইমপোর্ট কোম্পানি লিমিটেড, romanised: ''Bānglādēsh ēkspōrṭ impōrṭ kōmpāni limiṭēḍ''), commonly known by its trade name BEXIMCO ( Bangla: বেক্সিমকো) ( DSE: BEXIMCO CSE: BEXIMCO), is a Bangladeshi multinational conglomerate holding company, headquartered in Dhaka, Bangladesh. It was founded in the early 1970s. Beximco is Bangladesh's largest conglomerate, with the largest market capitalisation on the country's stock market. BEXIMCO's subsidiaries export products to 55 countries worldwide. It has retail outlets in South Asia and Eastern Europe. Beximco operates one of the largest integrated textile production businesses in Asia. Its main manufacturing base is the Beximco Industrial Park in Gazipur, Bangladesh. Beximco Pharma, the group's pharmaceutical producer, was the first Banglad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Omnibus (interbank Network)
Omnibus may refer to: Film and television * ''Omnibus'' (film) * Omnibus (broadcast), a compilation of Radio or TV episodes * ''Omnibus'' (UK TV series), an arts-based documentary programme * ''Omnibus'' (U.S. TV series), an educational program * ''Omnibus'' (talk show), an Italian series Literature * Omnibus edition, a collection of literary works * Omnibus Press, a book publisher * Omnibus, a Marvel Comics character associated with the Leader Music Albums * ''Omnibus'' (album), a 2006 album by Tarkio * ''Omnibus'', a 2008 album by Blue Mountain * ''Omnibus'', a 2001 album by Ruby Braff * ''Omnibus: The 60s Singles As and Bs'', a 1999 album by The Move Songs * "Omnibus", a song by the Move on the B-side of "Wild Tiger Woman" * "Omnibus", a song by XTC from '' Nonsuch'' Transport * Horse-drawn omnibus or horsebus, a large, enclosed and sprung horse-drawn vehicle used for passenger transport * Motor omnibus or autobus, a road vehicle designed to carry passengers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladeshi Taka
The Bangladeshi taka ( bn, টাকা, currency sign, sign: , ISO 4217, code: BDT, Short form (linguistics), short form: Tk) is the currency of the Bangladesh, People's Republic of Bangladesh. In Unicode, it is encoded at . Issuance of bank notes 10 and larger is controlled by Bangladesh Bank, while the 2 and 5 banknotes are the responsibility of the Ministry of Finance (Bangladesh), ministry of finance of the government of Bangladesh. The banknotes of Tk. 2 and Tk.5 have mostly been replaced by coins while lower denomination coins (including all poysha coins) up to Tk. 1 have almost gone out of circulation due to inflation. The most commonly used symbol for the taka is "" and "Tk", used on receipts while purchasing goods and services. It was formerly divided into 100 paisa, poysha, but poysha coins are no longer in circulation. Etymology According to ''The American Heritage Dictionary of the English Language'' and ''Banglapedia'', the word ''taka'' came from the Sanskrit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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