Business Desk :Midland Bank gets nod to raise Tk 70 crore through issuing seven crore ordinary shares in an initial public offering (IPO).The approval came on Wednesday from a meeting of the Bangladesh Securities and Exchange Commission (BSEC) held at the commission building headed by BSEC Chairman Prof Shibli Rubayat-Ul-Islam. With the IPO proceeds, the bank would invest in government securities and listed companies’ stocks, the commission said in a press release. The lender’s weighted average earnings per share was...
Staff Reporter :Bangladesh is a development success story in South Asia and to continue its growth trajectory and enhance macroeconomic...
Economic Reporter :Both the turnover and the prime index of the Dhaka Stock Exchange (DSE) fall on Wednesday amid thin participation of the investors.The DSEX, the benchmark index of the DSE, dropped 45 points, or 0.68 per cent, to 6,551.The DS30, the index that consists of blue-chip companies, edged down 1.12 per cent to 2,374 while the DSES, the shariah-based index, was down 0.83 per cent to 1,436.Turnover of the DSE fell 36 per cent to Tk 1,808 crore. Among...
Economic Reporter :Six Bangladeshi companies on Wednesday signed a land lease agreement with the Bangladesh Economic Zone Authority (Beza) to...
Business Desk :Barnamala Communication Limited (BCL) has received ISO certification in honour of maintaining international standards in Business Management. The company has obtained the International Standardization Organization ISO 9001:2015 certificate, said a press release. Green Management Consultancy CEO Md Rakibul Hasan handed over the ISO certificate to Barnamala administrators at the head office of Barnamala Communication Ltd at Navana Jahura Square, Banglamotor, Dhaka. Barnamala Communication Ltd has been accomplishing the creative development of numerous public and private organisations in Bangladesh...
Economic Reporter :Cabinet Committee on Government Purchase approved some 10 proposals including procurement of edible oil by the TCB, and...
Business Desk :The Asian Development Bank (ADB) has projected 6.6 per cent economic growth for Bangladesh for the current fiscal year (FY23).Country Director of the ADB to Bangladesh Edimon Ginting has noted that the overall trend of the country’s economy is ‘positive’.“The overall trend of the economy is still positive. But, if you can make the right policy, then you can make the economy stronger going forward,” he said while responding to a volley of questions at the Bangladesh Resident...
Reuters :Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month’s Diwali festival, industry officials said.Backed by Jakarta’s waiver of palm oil export levies, which was recently extended to Oct. 31 and reversed course from an export ban in May that had shut them out of global trade, producers are moving in to lighten up their stocks at tempting prices....
Staff Reporter :Turnover of the Dhaka Stock Exchange (DSE) turned one year-high on Tuesday.Experts said that the record has been happened though the index of the bourse dropped.The turnover rose around 43 per cent to Tk 2,832 crore, which was the highest since September 7 last year when it was Tk 2,866 crore. However, the turnover was Tk 1,989 crore on Monday.The DSEX, the benchmark index of the DSE, fell 4 points, or 0.06 per cent, to 6,596 at the...
Business Desk :Sending out a clear message to hoarders and rumour mongers, Food Minister Sadhan Chandra Majumder Tuesday said that strict legal action would be initiated against anyone trying to create an artificial fertiliser crisis in Bangladesh.“Fertiliser supplies in Bangladesh have not declined even by a single tonne over that of the previous year. The number of agricultural lands has decreased instead. So, there is no chance of a fertiliser crisis,” Sadhan told reporters after visiting the under-construction rice silo...