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Search date: 21-06-2019 Return to current date: Click here

Fund managers seek tax exemptions for AIFs

Alternative investment fund managers (AIFMs) have urged the government to provide policy supports, including exemption from corporate tax, for the funds to help drive the country's startup ecosystem and generate employments.They also sought tax exemption for investments made by high-net-worth individuals in the alternative investment funds. At a post-budget press...

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Stocks struggle for direction

Stocks slipped into the red again on Thursday, snapping a two-day gaining streak, as risk-averse investors dumped sector-specific shares.The DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled 15.77 points or 0.29 per cent lower at 5,395, after adding 36 points in the past two sessions.Market analysts said...

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Islami Bank to issue Tk 12b Third Mudaraba Bond

The board of directors of Islami Bank Bangladesh Limited has decided to issue the 'IBBL Third Mudaraba Redeemable Non-Convertible Subordinated Bond', valued at Tk 12 billion.The bond, with a term of seven years, will be issued to raise the Tier-II capital of the bank under Basel-III, said an official disclosure...

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Address BO account irregularities

The securities regulator has asked the depository participants (DPs) to address the irregularities involving the investors' BO (beneficiary owner's) accounts by July 21.The directive came at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) on Thursday, as some non-compliances during the opening of BO accounts were detected recently....

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United Power generates highest transactions

Ten most traded companies accounted for one-fourth of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with the United Power Generation & Distribution Company making it to the top of the turnover list.Market analysts said investors were active on the United Power shares throughout the session amid positive expectations...

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China shares jump as Fed hints at rate cut

Stocks in Asia were higher on Thursday after the US Federal Reserve left interest rates unchanged overnight but opened the door to rate cuts on the horizon, reports CNBC.Mainland Chinese shares surged on the day, with the Shanghai composite adding 2.38 per cent to about 2,987.12 and the Shenzhen component...

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DSE training for investors

The Dhaka Stock Exchange (DSE) will hold a training programme on 'Asset Management: Mutual Funds/Collective Investment Scheme' for the investors on July 01-03, according to DSE online.For registration, interested persons can contact DSE Training Academy, Motijheel , Dhaka with a fee of Tk 3,000.

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News Briefs (21-06-2019)

Mercantile Bank AGM approves 15pc stock div The 20th annual general meeting (AGM) of the Mercantile Bank Limited was held at a city hotel on Thursday. The meeting approved the profit & loss A/c, balance sheet as on December 31, 2018 and 15 per cent stock dividend, with AKM Shaheed...

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20th annual general meeting of Mercantile Bank

Chairman of the Board of Directors of Mercantile Bank Limited AKM Shaheed Reza, Managing Director & CEO Md Quamrul Islam Chowdhury and other guests posing at the 20th annual general meeting of the bank held at a city hotel on Thursday. The AGM approved 15 per cent stock dividend for...

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MoU between Shahjalal Islami Bank and Transcom Electronics

SVP & Head of Card Division of Shahjalal Islami Bank Ltd. Md Marufur Rahman Khan and Deputy General Manager (DGM) of Transcom Electronics Shib Pada Dey exchanging documents after signing a memorandum of understanding (MoU) between the two organisations in presence of Managing Director & CEO of the bank M...

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Sixth anniversary of Midland Bank

Md Ahsan-uz Zaman, Managing Director of Midland Bank Limited, along with senior officials cutting a cake on the occasion of the bank's sixth anniversary at its head office in the city on Thursday

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21st annual general meeting of UCL

Chairman of the Union Capital Limited (UCL) Chowdhury Tanzim Karim presiding over the 21st annual general meeting of the company at Spectra Convention Centre at Gulshan in the city on Thursday. In the AGM, shareholders approved 5.0 per cent stock dividend for the year 2018

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A training workshop

Deputy Managing Director of Al-Arafah Islami Bank Mohammad Zubair Wafa and Principal of the Al-Arafah Islami Bank Training and Research Institute and Executive Vice President Md Abdur Rahim Duary posing with the participants of a training workshop titled 'Capacity Development of General Concurrent Auditors' organised by the institute in the...

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