index
Dhaka Stock Exchange sees early week gains
The Dhaka Stock Exchange (DSE), the country's main capital market, opened the week on a positive note as stock prices of the majority of listed companies showed an upward trend during Monday's trading session.
According to early market data, the DSEX, DSE's benchmark index, gained 3.49 points, reaching 5,382 points within the first hour of trading by 11 am. The Shariah-compliant index, known as DSES, also saw a rise of 3.90 points to 1,194 points, while the DS-30 index, which tracks the performance of blue-chip stocks, increased by 1.68 points, reaching 1,965 points.
Read: Dhaka Stock Exchange investors demand BSEC Chairman’s resignation amid market instability
During this period, a total of 89.95 crore shares and units were traded across the exchange. Market performance was mixed, with the share prices of 147 companies rising, 145 companies falling, and 74 companies remaining unchanged.
1 month ago
No progress in the level of prejudice shown against women in 10 years: UN report
There has been no progress in the level of bias against women over the previous ten years, with nearly nine out of ten men and women still believing such prejudices globally, according to a new UN report released on Monday (June 12, 2023).
UN Development Programme (UNDP) in its most recent Gender Social Norms Index (GSNI) says , "Half of people worldwide still believe men make better political leaders than women, and more than 40% believe men make better business executives than women."
Also Read: 9 countries inc. Bangladesh release first national estimates of illicit financial flows with UN support
“Social norms that impair women’s rights are detrimental to society more broadly, dampening the expansion of human development,” said Pedro Conceição, head of UNDP’s Human Development Report Office.
A staggering 25 per cent of people believe it is justified for a man to beat his wife, according to the report, reflecting the latest data from the World Values Survey.
The report said that these biases are to blame for the obstacles women encounter, which have taken the form of the denial of women's rights in many regions of the world, the growth of movements opposing gender equality, and an increase in human rights abuses in some countries.
The stark underrepresentation of women in leadership positions is another example of bias in action. Since 1995, the percentage of women serving as heads of State or governments has generally hovered around 10%, and in the job market, they make up less than one-third of executive posts.
The report also sheds light on a broken link between women’s progress in education and economic empowerment.
Also Read: A child or youth died once every 4.4 seconds in 2021: UN report
Women are more skilled and educated than ever before, yet even in the 59 countries where women are now more educated than men, the average gender income gap remains a 39 per cent in favour of men.
“Lack of progress on gender social norms is unfolding against a human development crisis,” Conceição said, noting that the global Human Development Index (HDI) declined in 2020 for the first time on record and again the following year.
“Everyone stands to gain from ensuring freedom and agency for women,” he added.
The UNDP report emphasized that governments have a crucial role in shifting gender social norms, from adopting parental leave policies, that have changed perceptions around care work responsibilities, to labour market reforms that have led to a change in beliefs around women in the workforce.
“An important place to start is recognizing the economic value of unpaid care work,” said Raquel Lagunas, Director of UNDP’s gender team.
The report emphasized that despite the continued prevalence of bias against women, the data shows change can happen.
Also Read: Rights groups slam severe Taliban restrictions on Afghan women as ‘crime against humanity’
An increase in the share of people with no bias in any indicator was evident in 27 of the 38 countries surveyed. The report authors said that to drive change towards greater gender equality, the focus needs to be on expanding human development through investment, insurance, and innovation.
This includes investing in laws and policy measures that promote women’s equality in political participation, scaling up insurance mechanisms, such as strengthening social protection and care systems, and encouraging innovative interventions that could be particularly effective in challenging harmful social norms, patriarchal attitudes, and gender stereotypes.
For example, combatting online hate speech and gender disinformation can help to shift pervasive gender norms towards greater acceptance and equality, according to the report.
The report recommended directly addressing social norms through education to change people’s views, policies and legal changes that recognize the rights of women in all spheres of life, and more representation in decision-making and political processes.
Read more: 90% of countries see decline in human development
1 year ago
Brand Finance Global 500 index: Huawei becomes 9th most valuable brand
Chinese telecom giant Huawei has made its place in the world's top 10 most valuable brands of 2022, announced recently by Brand Finance Global 500.
This year, Huawei has jumped six places in comparison to last year in the annual Brand Finance Global 500 index.
Huawei has become the ninth most valuable brand in the world with a 29 percent growth to $71.2 billion.
READ: Huawei Bangladesh for collaborative efforts to widen digital education, online learning scopes
Despite the unprecedented situation created by the pandemic, the company focused on its ICT services and ploughed revenue back into innovations.
Huawei Rotating Chairman Guo Ping said, "Despite all the trials and tribulations, the company worked with customers and partners to ensure business as usual. After adjusting its strategy accordingly, overall performance was in line with our forecasts."
Read Vivo showcases tech trends for 2022
Leading brand valuation consultancy Brand Finance adjudicates 5,000 of the biggest brands and publishes reports every year, ranking the most valuable brands across different sectors.
This year, alongside Huawei, Apple has won the world's most valuable brand title whereas WeChat has become the world's strongest brand.
2 years ago
Dhaka is world's most polluted city
The densely populated capital of Bangladesh continues to dominate the list of world cities with the worst air quality.
3 years ago
Chinese medicinal material price index down 0.02 pct
The Kangmei Chinese medicinal material price index, a barometer of the traditional Chinese medicine (TCM) material market, dropped 0.02 percent to 1,229.33 points on Wednesday.
5 years ago