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SEC extends provisioning time for merchant banks, stockbrokers

SEC extends provisioning time for merchant banks, stockbrokers

Merchant banks, stockbrokers and stock dealers would get one more year to continue provisioning unrealised losses in their own portfolios. The Bangladesh Securities and Exchange Commission extended the provisioning timeframe…

Investment Corporation of Bangladesh mulling ICB Islamic Bank takeover

Investment Corporation of Bangladesh  mulling ICB Islamic Bank takeover

The state-run Investment Corporation of Bangladesh (ICB) is mulling taking over management of the ICB Islamic Bank Ltd through acquiring majority shares of the bank, sources said. In this regard,…

Emerald Oil IPO gets BSEC approval

Emerald Oil IPO gets BSEC approval

The Bangladesh Securities and Exchange Commission on Tuesday (19 November 2013)  approved a Tk 20-crore initial public offering of Emerald Oil Industries Ltd. The BSEC gave its nod to the IPO…

Appollo Ispat to raise Tk 2.2b through IPO

Appollo Ispat to raise Tk 2.2b through IPO

DHAKA, NOV 7: The lottery of IPO of Apollo Ispat Complex Limited was held at the Engineers’ Institution of Bangladesh in the city on Thursday(7 November 2013)). Appollo Ispat offered…

Investment Corporation of Bangladesh gets approval to convert mutual funds

Investment Corporation of Bangladesh gets approval to convert mutual funds

The Investment Corporation of Bangladesh (ICB) on Monday (5 November 2013) got regulatory approval to convert its eight close-ended mutual funds into open-ended ones after the expiry of their tenure…

DSE price indices rise

DSE price indices rise

In spite of a gloomy political state amid nationwide shutdown, the price indices of the Dhaka Stock Exchange (DSE) witnessed rise on 4 November 2013. DSEX, rising by 2.30 percent,…

Bangladesh Submarine Cable okays 20pc cash, 15pc stock dividends

Bangladesh Submarine Cable okays 20pc cash, 15pc stock dividends

The board of directors of Bangladesh Submarine Cable Company Limited (BSCCL) approved 20 percent cash and 15 percent stock dividends for its shareholders for the year ended on 30 June…

Foreign investment in the capital market shot up

Foreign investment in the capital market shot up

Foreign investment in the capital market shot up in October, despite the market being ridden by political uncertainty. The local investors were in the mood to sell in anticipation of…

Shareholders approve Keya Cosmetics Amalgamation plan

The shareholders of Keya Cosmetics Ltd has approved the draft Scheme of Amalgamation of Keya Knit Composite Limited, Keya Cotton Mills Limited and Keya Spinning Mills Limited (transferor companies) with…

Green Delta Insurance Company holds 9th EGM

Green Delta Insurance Company holds 9th EGM

Green Delta Insurance Company Limited has approved the amendments of its Memorandum and Article of Associations at the 9th Extra-Ordinary General Meeting held at Spectra Convention Centre in Dhaka on…

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