ICSB for incorporating Secretarial Standards provisions
Institute of Chartered Secretaries of Bangladesh (ICSB) Friday stressed the need for incorporating the provisions of Bangladesh Secretarial Standards (BSS:1, BSS:2, BSS:3 and BSS:4) in the new Companies Act and revised Corporate Governance Guidelines.The ICSB also urged the Bangladesh Securities and Exchange Commission (BSEC) to incorporate a mandatory clause in...
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DSEX erodes 330 points in four weeks
Stocks extended the losing streak for the fourth straight week that ended Thursday as investors continued their selling binge amid persistent liquidity crisis.Brokers said the market saw yet another bearish week as retail investors were reluctant to make fresh investment while the institutional investors could not support the market more...
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Banking, NBFI, ceramic witness big hit
The majors sectors witnessed heavy sale pressure last week that ended Thursday.Banking, financial institutions and ceramic sectors incurred a big hit.Of the 19 sectors listed with the prime bourse, except corporate bonds, debenture and treasury bonds, the market-cap of 18 sectors faced correction while only mutual fund managed to close...
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GSP Finance approves 23.50pc stock dividend
The 23rd Annual General Meeting of GSP Finance Company (Bangladesh) Limited was held recently at the Institution of Diploma Engineers, Bangladesh, IDEB Bhaban in city.The shareholders approved 23.50pc stock dividend for the year ended December 31, 2017 in the AGM.The Meeting was presided over by Mr. Saber Hossain Chowdhury, Vice-Chairman...
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Average inter-bank transaction volume declines to $103.00m
Local foreign exchange market remained calm in the week ended Thursday. Bangladesh Bank kept the exchange rate of the dollar to BDT 82.96. The BB continued selling dollars into the market. The average daily inter-bank USDBDT transaction volume was about USD 103.00 million against USD 123.21 million of the preceding...
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Sensex drifts 509 points lower
The BSE Sensex fell 509 points to close at 33,176.00 on Friday, continuing its downward movement for the third straight session dragged down by finance, energy and metal stocks. The Nifty fell 165 points to settle at 10,195. Forty one stocks on the 50-scrip Nifty ended in the negative zone....
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‘2018 Asia Banking Forum South Asia’
Managing Director & CEO of Eastern Bank Ltd, Ali Reza Iftekhar (middle) posing for photo session at a seminar titled ‘2018 Asia Banking Forum South Asia’ held in Mumbai recently
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