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GP spurs stocks to rally

Stocks rebounded on Sunday with all three indices soaring more than 1.0 per cent each, powered by investors' buying spree on large-cap shares.Analysts said the market registered a sharp gain, snapping a recent bearish trend, driven by rally in large-cap shares, particularly heavyweight Grameenphone (GP).GP, which is the largest company...

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MMBL celebrates 6th anniv

Modhumoti Bank Limited (MMBL) celebrated its 6th anniversary at Radisson Blu Dhaka Water Garden in the city recently, said a statement. AKM Enamul Hoque Shameem, MP, Deputy Minister, Ministry of Water Resources, Govt. of the People's Republic of Bangladesh, Humayun Kabir, Chairman, Board of Directors of MMBL, Barrister Sheikh Fazle...

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Subscription of Ashuganj Power bonds opens today

The public subscription for bonds of Ashuganj Power Station Company Ltd will open today (Monday), aiming to raise Tk 1.0 billion from the capital market.The name of the bond is "APSCL Non-Convertible and Fully Redeemable Coupon Bearing Bond" and the company will raise capital by issuing bonds through initial public...

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JMI Syringes declares 30pc cash dividend

JMI Syringes & Medical Devices Ltd has recommended 30 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Sunday.The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on November 23 at 11:30am at...

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UCB Capital Management

UCB Capital Management Limited has relocated the Agrabad branch to Dampara Wasa Circle at its own office premises. Mohammed Shawkat Jamil (centre), Chairman of UCB Capital Management Limited and Managing Director of United Commercial Bank Limited (UCB), inaugurated the branch relocation ceremony held on Sunday

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BRAC Bank to help boost BD jute sector

The golden fibre of Bangladesh gets a boost as a refinancing scheme is to ensure reasonable price for the growers. Jute has traditionally been a cash crop for the farmers. The sales revenue provides much needed cash stream after harvest and also throughout the year. Under Bangladesh Bank's refinance scheme,...

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A day-long training workshop

A day-long training workshop on 'Recovery of Non Performing Investments' organized by Al-Arafah Islami Bank Training and Research Institute (AIBTRI) was held recently. Managing Director (Current Charges) Md. Fazlul Karim inaugurated the workshop as Chief Guest. Principal of the Institute and Executive Vice President Md. Abdur Rahim Duary, Vice President...

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138th meeting of the Executive Committee of IFIL

The 138th meeting of the Executive Committee of Islamic Finance and Investment Limited (IFIL) was held at its Head Office at Tejgaon on Sunday. Rezakul Haider, Chairman of the committee, presided over the meeting. Members of the committee Liaquat Hossain Moghul, K.B.M. Moin Uddin Chisty, Mohammed Nurul Amin, Managing Director...

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DSE/CSE News in Brief (23-09-2019)

DSE NEWSRecommendation of dividendApex Footwear Limited: The board of directors has recommended 55 per cent cash dividend for the year ended on June 30, 2019. The AGM will be held on November 12, 2019 at 10.00 am at La Vita Hall, Lakeshore Hotel, Gulshan - 2, Dhaka. The record date...

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Bangladesh, Vietnam trade to reach $1.0b by next yr

Bangladesh and Vietnam expect to promote bilateral import and export turnover to reach $1.0 billion by 2020. In order to realise this target, joint efforts of both the countries is a sine qua non.Business leaders opined this at a recent event held in Hanoi on the occasion of visit of...

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GP dominates turnover chart

Grameenphone (GP) dominated the Dhaka Stock Exchange turnover chart on Sunday while ten most-traded companies accounted for 40 per cent transactions.GP, dominated the turnover chart after a long-time as the government came forward to resolve spat between the telecom regulator and GP over claims of unpaid dues.The government and top...

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EBL, Dahmashi ink agreement

Eastern Bank Ltd (EBL) home loan clients will enjoy special privileges while purchasing Bravat and Nanogress products.M. Khorshed Anowar, Head of Retail and SME Banking, EBL and Farhad Mostofa Chowdhury, CEO and Managing Director of Dahmashi Trading Company Ltd, sole distributor of BRAVAT and NANOGRESS products exchanging documents after signing...

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Managing Director of THAC

Managing Director of Thailand Arbitration Center (THAC), (center of the 1st row), Mr. Rahim Shamji, Founder and CEO of ADR-ODR (2nd from right of the 1st row), Dr. Khaled Hamid Choudhary, Bangladesh representative of ADR-ODR (extreme 1st from right on the 1st row) and Ms. Mahbuba Rahman, General Manager, BIAC,...

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