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Brokerage firms' own OMS to expand stock market

The country's stock market will be expanded through introduction of brokerage firms' own OMS (order management system) and trading of bonds.The chairman of Bangladesh Securities and Exchange Commission (BSEC) Prof. Shibli Rubayat Ul Islam said this on Thursday at a ceremony of distributing FIX (financial information exchange) certification for installing...

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'City Islamic' banking launched

City Bank has launched its redesigned Islamic banking service, 'City Islamic'. City Islamic was officially inaugurated Saturday at a press conference at The Westin Hotel Dhaka. City Bank Chairman Aziz Al Kaiser, Vice Chairman Hossain Khaled, Shariah Supervisory Committee Chairman Dr. Md. Anwar Hosain Molla, Managing Director and CEO Mashrur...

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EBL arranges Tk 1.0b for Epyllion through preference shares

Eastern Bank Ltd (EBL) has raised BDT 1.0 billion through preference shares for Epyllion Style Ltd, a flagship concern of Epyllion Group, an apparel manufacturer in Bangladesh. EBL is actively working for alternative source of financing through capital market products for the leading corporates in Bangladesh. A deal closing ceremony...

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IPDC Finance introduces "IPDC EZ"

IPDC Finance has announced the beta launch of the first ever cardless zero per cent EMI facility in Bangladesh to purchase home appliances, electronic devices etc. This service will be available at designated outlets of Rangs for salaried employees for purchases valued up to BDT 200,000.Mominul Islam, Managing Director and...

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IFAD Autos to invest Tk 31.81m

FE ReportIFAD Autos will invest Tk 31.81 million for the company's future expansion of business.The company's board of directors has approved the proposal of business expansion, according to a disclosure posted on the website of Dhaka Stock Exchange (DSE).As per the board's approval, IFAD Autos will purchase a land measuring...

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US bond funds see higher outflow in the week

US bond funds witnessed a surge in outflows in the week to Dec. 1 on rising prospects that the US Federal Reserve will ramp up the pace of unwinding its bond purchases and will lift rates as soon as mid-2022, reports Reuters.According to Refinitiv Lipper data, investors sold US bond...

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