Net foreign investment in the Dhaka Stock Exchange (DSE) entered a negative territory in March again, after two months break, as overseas investors booked profit by selling shares.Foreign investors collected shares worth Tk 3.75 billion but sold Tk 4.98 billion worth of shares last month, resulting in their net position...
Read moreThe third tripartite review meeting of the Committee, on the draft ADR guidelines to resolve commercial disputes including non performing loans was held recently at BIAC office.Mr. Muhammad A. (Rumee) Ali, CEO of Bangladesh International Arbitration Centre (BIAC), presided over the meeting. The draft ADR guideline, as it stands, after...
Read moreStocks posted a marginal gain Monday, the opening day of April, as optimistic investors showed their buying appetite on large-cap shares.Market analysts said some investors were active on Grameenphone (GP) and banking shares amid lucrative price level, taking the market in the green territory.Dividend declaration by two companies -- Marico...
Read moreThe board of directors of Marico Bangladesh has declared 200 per cent interim cash dividend on the basis of audited financial statements for 11 months period for the period ended on February 28, 2019.The record date for entitlement of the interim cash dividend is on April 18, said an official...
Read moreThe shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) on Sunday unanimously approved 35pc (25% cash & 10% stock) dividend for the year ending December 31, 2018 as proposed by the Board of Directors, says a press release.The approval was given at the 23rd annual general meeting (AGM) of...
Read moreS. M. Abu Tayyab Bangladesh Securities and Exchange Commission (BSEC) has approved the appointment of Mr. S. M. Abu Tayyab as Independent Director of Chittagong Stock Exchange Ltd.Mr. Tayyab is Managing Director of Independent Apparels Ltd, Brother’s Apparels Ltd and Director of Mozaher Aushadhalaya.He is president of Chittagong chapter of...
Read morePragati Life Insurance Limited has signed agreement with 4 Billion Health to provide Group Insurance coverage for the subscribers of 4 Billion Health. Md. Jalalul Azim, CEO of Pragati Life and Yutaro Yokokawa, Managing Director of 4 Billion Health signed the agreement on behalf of their respective organizations.Under the agreement...
Read moreNazmul Hassan, MP BAPI re-elects president, GSNazmul Hassan MP, managing director of Beximco Pharmaceutcials Ltd. and SM Shafiuzzaman, managing director of Hudson Pharmaceuticals were re-elected president and general secretary respectively of Bangladesh Association of Pharmaceuticals Industries for the year 2019-21, at the 48th annual general meeting of the association held...
Read moreAbu Hena Mohd. Razee Hassan, Head of Bangladesh Financial Intelligence Unit (BFIU), Md. Shah Alam, Executive Director, Bangladesh Bank, Md Eskandar Miah, Executive Director & Deputy Head of BFIU and Md. Khalilur Rahman, Chairman, Bangladesh Leasing and Finance Companies Association (BLFCA) seen in the Conference on Anti Money Laundering and...
Read moreBeacon Pharmaceuticals Ltd. has won awards in the NAQC-2019 (National Annual Quality Convention-2019) organized by BSTQM (Bangladesh Society for Total Quality Management). Seventy four (74) teams from different organizations around the country participated in the competition where team "Leading light" of Beacon Pharmaceuticals Ltd. bagged the "first prize". In addition...
Read moreThe Metal (Pvt) Limited, the sole distributor of TAFE, (the world famous tractor manufacturing company in India) has launched its new 9500 DI model tractor recently in a convention centre in Dhaka. Engr. Sadid Jamil, Managing Director of Metal, and NS Swaminathan, Executive Director, International Business, TAFE, unveiled the newly-...
Read moreThe 22nd Annual General Meeting of LankaBangla Finance Limited was held recently at MIDAS Center. Chairman of the company Mohammad A. Moyeen, presided over the meeting which approved the Audited Financial Statements of the Company for the year ended December 31, 2018 and 15 per cent cash dividend. Khwaja Shahriar,...
Read moreThe 37th Annual General Meeting and 15th Extra-Ordinary General Meeting of IPDC Finance Limited was held on Sunday. The AGM approved 8.0 per cent stock and 7.0 per cent cash dividend for the year 2018. The meeting was presided over by Dr. Muhammad Musa, Chairman of IPDC Finance Limited. Mominul...
Read moreBank Asia Ltd. and RAKBANK, UAE signed a Memorandum of Understanding (MoU) to accelerate foreign trade and remittance services for customers in a signing ceremony held at The Westin Dhaka recently. Md. Arfan Ali, President & Managing Director of Bank Asia Ltd. and Jean Pieree Le Roux, Managing Director (FIG...
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