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IPO approval needs overhaul, says CSE

IPO approval needs overhaul, says CSE

The port city bourse has said that the IPO (initial public offering) proposals should be approved based on companies’ merits rather than “embellished” paper-based disclosures. “The approval (IPO) process should…

Cos offering 30pc or more cash dividend to get tax rebate

Cos offering 30pc or more cash dividend to get tax rebate

Any company offering 30 per cent or more cash dividend to investors will get 10 per cent rebate on its income tax as per the Finance Bill 2014 which was…

DSE welcomes budget as pro-investment

DSE welcomes budget as pro-investment

Dhaka Stock Exchange (DSE) authorities welcomed the proposed national budget for the financial year 2014-15 (FY15), terming it an investment-friendly budget that would help revitalise the stock market, reports BSS.…

GlaxoSmithKline Bangladesh approves 300pc cash dividend

GlaxoSmithKline Bangladesh approves 300pc cash dividend

The 41st annual general meeting of GlaxoSmithKline (GSK) Bangladesh Limited was held at Hotel Agrabad, Chittagong recently. The shareholders approved the Directors’ Report, Audited Accounts for the year 2013 and…

Dhaka Stock Exchange to launch T+2 trading cycle today

Dhaka Stock Exchange  to launch T+2 trading cycle today

Dhaka Stock Exchange (DSE) will launch the reduced trading cycle T+2 today (Wednesday) by replacing the existing T+3 to increase the liquidity flow in the capital market, officials said. “The…

Saif Powertec Ltd gets IPO nod

Saif Powertec Ltd gets IPO nod

Bangladesh Securities and Exchange Commission yesterday gave a go-ahead to Saif Powertec to raise Tk 36 crore from the public. The power generation equipment and service provider will float 1.2…

Securities and Exchange Commission chief and members to get another term

Securities and Exchange Commission  chief and members to get another term

Prime Minister Sheikh Hasina recently approved the proposal forwarded by the Banking and Financial Institutions Division under Finance Ministry  The government is set to extend on contract the tenures of…

BO accounts rise during January-March

BO accounts rise during January-March

A total of 157,177 BO accounts were opened in the first quarter The number of beneficiary owner’s (BO) accounts increased by 5.62% during January-March period as investors were trying to…

IPO of Shurwid Industries & rights of Delta Spinners approved

IPO of Shurwid Industries & rights of Delta Spinners  approved

The securities regulator has approved the IPO (initial public offer) proposal of Shurwid Industries and the rights of Delta Spinners, officials said. The regulator has also slapped fine worth Tk…

BSEC approves Khulna Printing & Packaging IPO

BSEC approves Khulna Printing & Packaging IPO

The Bangladesh Securities and Exchange Commission on Tuesday approved a Tk 40-crore initial public offering of Khulna Printing & Packaging. The BSEC approved the issue at a commission meeting presided over…

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