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Japan’s biggest banks to launch 24-hour money transfers JIJI

Japan’s biggest banks to launch 24-hour money transfers JIJI

Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank are planning to start allowing immediate money transfer services 24 hours a day. Sumitomo Mitsui said Monday it will…

‘DSE mobile’ by December 2015

‘DSE mobile’ by December 2015

Dhaka Stock Exchange (DSE) would introduce a trading terminal named ‘DSE Mobile’ by December this year. The DSE is going to introduce the terminal to enable the investors to conduct…

Hashem Chowdhury made AMD of MTB

Hashem Chowdhury made AMD of MTB

Md Hashem Chowdhury, Deputy Managing Director (DMD) of Mutual Trust Bank Ltd (MTB) has been promoted to Additional Managing Director (AMD) with the bank with effect from March 1, 2015,…

Marico tops dividend payers’ chart

Marico tops dividend payers’ chart

Marico Bangladesh offered 900 percent cash dividends in total last year, the highest among all listed companies, after it rolled out a 500-percent special dividend to mark the multinational firm’s…

ICB transaction volume marks 30.96pc rise

ICB transaction volume marks 30.96pc rise

Total transaction volume of the state-run Investment Corporation of Bangladesh (ICB) and its subsidiaries on both the bourses stood at Tk 135 billion in the fiscal year (FY) 2013-14, officials…

Ctg bourse launches two new indices

Ctg bourse launches two new indices

The Chittagong Stock Exchange yesterday launched two new indices to attract more local and foreign investors by providing a clear picture of the market. Each of the indices — CSE…

AB Bank, UCB, IIDFC arrange term loan for Fiber@Home

AB Bank, UCB, IIDFC arrange term loan for Fiber@Home

AB Bank Limited, United Commercial Bank Limited (UCB) and Co-arranger Industrial and Infrastructure Development Finance Company Limited (IIDFC) has arranged a syndicated term loan to the tune of Tk 1004…

15pc tax imposed on profit from bourses’ share sales

15pc tax imposed on profit from bourses’ share sales

The member-turned-shareholders of the demutualised Dhaka and Chittagong stock exchanges will have to pay 15 per cent tax on profits when they sell their shares of the bourses, according to…

SWIFT to expand business in Bangladesh

SWIFT to expand business in Bangladesh

SWIFT, a cooperative society facilitating secure financial transactions worldwide, looks forward to expanding its footprint in Bangladesh in a bigger way, facilitating development of a strong and sustainable financial industry…

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…