Equity Report on Uttara Bank PLC.
Uttara Bank PLC. is one of the largest private sector commercial banks in Bangladesh in terms of total assets, which stood at BDT 263,662 million, as at the end of 2023 with a CAGR of 6.8% over the past five years.
Month: June 2024
Adda- is the leading blog site on Bangladesh Capital Market. >>Month: June 2024
BUDGET ANALYSIS FY2024-25: Assessing The Implications for Capital Market
The size of the Bangladesh’s National Budget FY’2024-25 is BDT 7.97trillion which is 12% higher than the previous Budget FY’2023-24. The target of total tax revenue this year is Tk. 5.4 trillion which is 13.2% higher than the revised budget of FY’2023-24 and also ambitious for the sluggish in economic activities and disposable level. About 60% of the budget 2024-25 will be financed by NBR tax revenue, which is challenging due to lack of taxpayers and tax-culture. This year domestic borrowing is proposed at BDT 1.6 trillion which could limit private sector growth. In the proposed budget, ADP counted 2.65 trillion.
The Food Sector in Bangladesh: Opportunities and Challenges at a Crossroads
The food processing industry in Bangladesh is growing at an annual rate of 7.7%, driven by increased domestic and international demand. The food service market is projected to grow from $3.79 billion in 2024 to $7.47 billion by 2029, with a CAGR of 14.5%.