Month: May 2014

Dhaka stocks inched down on Tuesday after a seven-day sharp fall with the Dhaka Stock Exchange’s turnover hitting a fresh seven-month low as investors failed to sense any improvement in the market trend soon, said market operators. DSE turnover on Tuesday declined to Tk 196.79 crore

The collection of initial public offering subscription fees through brokerage houses and merchant banks instead of banks will start in July. The overseas investors, however, will continue to subscribe IPO through banks. The Bangladesh Securities and Exchange Commission

ICAB to be suggested for taking action against auditor Bangladesh Securities and Exchange Commission fined four directors of GQ Ball Pen Industries Tk 2.50 lakh each for different anomalies in the company’s audited financial statements. The four directors of the company are : Kazi Shalemul Haque, Salma Huq, Qazi M. Salman Sarwar and Sara Haque. The BSEC ... Read more

Bb’s Tk 200-Crore Revolving Fund 26 green items added Bangladesh Bank on Tuesday incorporated 26 more green products in its Tk 200-crore revolving fund in a bid to build an environment-friendly economy. The BB issued a circular to the managing directors and chief executive officers of all scheduled banks and non-bank financial institutions saying that

Etihad Airways has recently announced to establish Etihad Flight College in the United Arab Emirates for Emirati and international cadet pilots with an aim to provide a world-class flight training facility, said a news release. As a first step in establishing this college, Etihad Airways is in the process of acquiring the fixed wing training division ... Read more

Book-Building Price Discovery United Power shares sold at Tk 72 to institutional investors Institutional investors on Tuesday bought United Power Generation and Distribution Company’s 1.32 crore shares, the entire allocation for them under the book-building method, at a price of Tk 72 each. Through the institutional investors bidding the United Power raised Tk 95.04 crore. Company sources ... Read more

Qatar Airways’ arrival of its A380 fleet moved another step forward on Monday, with the announcement that from this summer the airline’s second A380 aircraft would commence operations on the Doha-Paris Charles De Gaulle route from Doha’s new hub, Hamad International Airport, said a news release. With a highly customised interior to meet the five-star standard

Size to be 20pc higher than that of FY14 despite sluggish implementation The National Economic Council is likely to approve today a Tk 79,031 crore annual development programme for 2014-15 fiscal year which will be 19.98 per cent higher than the previous one, said officials. Taking Tk 5,685 crore into account for 153 projects of autonomous ... Read more

The country’s import of consumer goods increased by 43.78 per cent in the first nine months of this financial year from that of the same period in the FY 2012-13 due mainly to higher import of rice, wheat, soya bean oil and onion in the period. According to the Bangladesh Bank data released on Monday, settlement ... Read more

The board of directors of ONE Bank Limited has recently re-elected Sayeed H Chowdhury as its chairman for another one-year term with effect from May 15. The board has also re-elected Asoke Das Gupta as its vice-chairman and Zahur Ullah as its executive committee chairman, said a news release. British educated

Dhaka stocks fell for the seventh trading session on Monday with the turnover of the bourse hitting its seven-month low as many of the retail investors, panicked by the downward trend at the market, continued to sell their shares while institutional investors remained almost inactive. Turnover of the Dhaka Stock Exchange declined to Tk 217.07 crore ... Read more

Financial Scams BB grills BASIC Bank MD Bangladesh Bank on Monday asked BASIC Bank managing director Kazi Faqurul Islam to give evidence in support of his claim that he is innocent of the financial scams occurred at his bank in the last few years. Earlier on May 12, The BB issued a letter to the MD ... Read more

Bangladesh’s export earning from Israel stood at $2,576 in the July-April period of current financial year despite having no diplomatic relation with the country, showed Export Promotion Bureau data. EPB data showed that Bangladesh has been earning a certain amount from exporting to Israel in last few years but the products are not specified. According

Clearing Corporation Bourses unlikely to be allowed to hold over 10pc shares The Bangladesh Securities and Exchange Commission may not allow the Dhaka and Chittagong stock exchanges to hold more than 10 per cent shares respectively in forming Clearing Corporation for the capital market, said a BSEC high official. The two bourses earlier decided to form ... Read more