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BIFFL to go public to raise Tk 10 billion

Bangladesh Infrastructure Finance Fund Limited (BIFFL) has planned to mobilise capital amounting to Tk 26 billion through issuing bond and floating IPO in the capital market in short and long terms. In the first phase of mobilising funds, the application for a non-convertible fully redeemable subordinated bond worth Tk 4.0...

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DSE top brokers for cancellation of initial public offering quota

The top brokers of DSE and merchant bankers have demanded of the regulator to introduce T+0 share trading cycle settlement aiming to bring dynamism in trading activities that currently remained dull.They also urged the Bangladesh Securities and Exchange Commission (BSEC) to formulate a guideline regarding much-talked about the 'placement shares'.They...

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Singer leads DSE turnover chart

Most ten-traded firms grabbed nearly 41 per cent transaction on the Dhaka Stock Exchange (DSE) while Singer Bangladesh dominated the chart on Monday.Market analysts said investors were active on Singer Bangladesh shares throughout the day after record date. The company has recommended 30 per cent stock dividend for the year...

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Samata Leather's share price soaring sans PSI

Share price of Samata Leather Complex, a "Z" category company, is soaring having no price sensitive information (PSI).Despite the bearish market trend, the company's share price soared 30 per cent or Tk 15 each within a month to close at Tk 64.80 on Monday. Its share price was Tk 49.80...

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Mastercard, Lazada announce partnership

Lazada, Southeast Asia's leading online shopping and selling platform, and Mastercard recently announced a five-year partnership to grow eCommerce ecosystem in Southeast Asia (SEA). This comes as Lazada is committed to delivering the best eCommerce offerings that serve the needs of the region's brands and sellers. This partnership also enables...

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Machine learning-based innovations

Oracle has extended the artificial intelligence (AI) capabilities within Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Enterprise Performance Management (EPM) Cloud. The latest machine learning-based innovations include an expense reporting assistant, project management digital assistant, advanced financial controls and project-driven supply chain management. "Oracle continues to deliver on the...

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News Briefs(26-3-2019)

Subscription closing ceremony for Ace Alliance heldA subscription closing ceremony to raise capital through issuance of Preference Shares worth BDT 805 million for Ace Alliance Power Limited, a concern of Summit Group was held recently at InterContinental Dhaka. LankaBangla Finance Limited acted as the Mandated Arranger, LankaBangla Investments Limited acted...

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Stocks rebound riding on GP, bank shares

Stocks rebounded in the positive terrain on Monday, snapping a three-day sharp fall, as optimistic investors showed their buying appetite on Grameenphone and banking shares.Analysts said the market backed to the green as investors are taking position in fundamentally strong issues like Grameenphone (GP) and banking shares.GP, the largest market-cap...

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MTB and SSL signs agreement

Mutual Trust Bank Limited (MTB) and Software Shop Limited (SSL) have recently signed an agreement at a simple ceremony held at MTB Centre, the bank's Corporate Head Office, Gulshan in the city. Under the agreement, the clients of Mutual Trust Bank Limited (MTB) will be able to pay Indian Visa...

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A subscription closing ceremony

A subscription closing ceremony to raise capital through issuance of Preference Shares worth BDT 805 million for Ace Alliance Power Limited, a concern of Summit Group was held recently at InterContinental Dhaka. LankaBangla Finance Limited acted as the Mandated Arranger, LankaBangla Investments Limited acted as the Issue Manager and BRAC...

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Rupali Bank branch managers’ conference of Rangpur zone

Ataur Rahman Pradhan (middle), managing director & CEO of Rupali Bank Ltd, seen in the branch managers’ conference of Rangpur zone, held recently

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M. I. Cement Factory Ltd. (Crown Cement) honoured two freedom fighters

M. I. Cement Factory Ltd. (Crown Cement) honoured two freedom fighters for their remarkable contributions during the liberation war of Bangladesh in 1971. The freedom fighters, who were honoured as part of Crown Cement's "Honoring Our Hero", are Md Harun Al Rashid of Naogaon and Md. Abdul Hamid Talukdar of...

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Syndicated term loan closing ceremony

The syndicated term loan closing ceremony of raising USD 35 million and BDT 2,240 million for Karnaphuli Power Limited (KPL) was held at lnterContinental Dhaka recently. IDCOL was the Lead Arranger for this syndicated financing facility. Financiers to this transaction include IDCOL, The City Bank Limited, Prime Bank Limited, Bank...

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