News Briefs-(1-02-2018)

Mahbubul Alam

BUILD gets new chairman

Mahbubul Alam, President of Chittagong Chamber of Commerce and Industry (CCCI) has taken over the charge as the Chairman of the Trustee Board of Business Initiative Leading Development (BUILD) for the year 2018-19. Mr. Alam succeeds Nihad Kabir, President of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI). MCCI held the Chairmanship of BUILD in 2016 & 2017 after taking over the responsibility from Dhaka Chamber of Commerce and Industry (DCCI) on a rotational basis. — Statement

'Credence First Growth Fund' declares Q2 earnings

The Trustee of 'Credence First Growth Fund', an open-ended mutual fund by Credence Asset Management Ltd. (CAML), approved the unaudited financial statements of the fund for the second quarter of 2017-18. During the period (19 May 2017 to 31 December 2017), the Fund's Earnings Per Unit (EPU) was BDT 1.01. During the last three months (October 2017 to December 2017), the EPU of the Fund was BDT 0.48. At the end of the year 2017, the Net Asset Value (NAV) per share of the fund was BDT 11.59 on a market value basis and BDT 11.01 on a cost basis. Investors of 'Credence First Growth Fund' have earned a return of 15.9 per cent in less than eight months.— Statement