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Formation of co to facilitate stock trading getting delayed

The formation of a proposed company for facilitating trades in the stock market is taking much time than expected due to delay in getting necessary approval from the Bangladesh Securities and Exchange Commission (BSEC). The Dhaka and Chittagong stock exchanges in May last announced to form the company, Central Counterparty...

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EBL looks to expand regional footprint

Eastern Bank Limited (EBL) has decided to open a full-fledged branch in Kolkata as a strategy to spread its wings to neighbouring India, before establishing regional footprint.For strategic reasons, the bank has decided initially to open a branch in Kolkata and subsequently expand to other cities.The bank's new chairman, Md....

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Ten cos raise Tk 4.67b through IPOs in eight months this year

Ten companies raised an aggregate amount of Tk 4.67 billion through initial public offerings (IPOs) in the first eight months of this calendar year.Market operators said the fund raising through the IPOs is going to surge this year, after hitting a ten-year low in 2017, as some 21 companies already...

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IBBL observes National Mourning Day

Islami Bank Bangladesh Limited (IBBL) observed the 43rd martyrdom anniversary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and National Mourning Day on Wednesday, according to a statement. The day's programme included placing wreaths at the Bangabandhu's portrait in Dhanmondi 32. Dr. Md. Zillur Rahman, chairman of audit...

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City Bank inks deal with Runner Automobiles

City Bank has recently signed an agreement with Runner Automobiles Limited, according to a statement. Under this agreement, City Bank American Express credit card members will be able to avail 'Flexibuy' installment plan at zero per cent interest rate on motorcycle purchase at Runner outlets across the country. Majharul Islam,...

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News Briefs-(16-8-2018)

Query responseBBS Cables: In response to a DSE query dated August 13, 2018, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares. IPO shares VFS Thread Dyeing: The IPO shares of the company...

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DSE/CSE News in Brief (16-8-2018)

DSE NEWSRecommendation of dividendICB Employees Provident Mutual Fund One: Scheme One: The trustee committee of the fund has approved 5.5 per cent cash dividend for the year ended on June 30, 2018. The record date is on September 10, 2018. The Fund has reported EPU of Tk. 0.61, NAV per...

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Turkey crisis weighs on Asian shares

SINGAPORE, Aug 15 (AFP): Stocks were weaker in most major Asian markets Wednesday, with Turkey's financial crisis showing little sign of abating as Ankara hiked tariffs on several US goods in a tit-for-tat move.Following a day of gains on Tuesday, investors were again in a bearish mood, driving down markets...

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Sebi eyes framework for timely disclosure of loan defaults by listed firms

NEW DELHI, Aug 15 (Business Standard): Markets regulator Sebi is looking to stipulate a framework for timely and detailed disclosures of loan defaults by listed entities to enhance transparency.Several companies and rating agencies have come under the regulatory scanner for failing to make timely disclosure about the loan default risks.Tightening...

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43rd martyrdom anniversary of Father of the Nation

Premier Bank Limited Chairman Dr. HBM Iqbal distributing prizes among the winners of a drawing competition, following a milad mahfil and discussion organised by Banani Bidyaniketan School & College to observe the 43rd martyrdom anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and National Mourning Day 2018 on...

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Deputy Managing Director and President of Trustee Committee of ICB

Deputy Managing Director and President of Trustee Committee of ICB Md Mosaddek-Ul-Alam presiding over a trustee meeting of the eight closed-end mutual funds under ICB Asset Management Company Limited recently. The meeting approved dividend for fiscal year 2017-18

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