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Newest press releases [61-70 of 873] Prior 1 2 3 4 5 6 7 8 9 10 11 12 13 ...88 Next
4th July, 2008
65,400 Titas Gas shares traded on second day, Petrobangla re-fixes selling price at Tk 500

A total of 65,400 of shares of the state-run Titas Gas Transmission and Distribution Company were offloaded yesterday on the second day of the company's stock exchange debut.

However, market operators praised the owners of the company for embarking on the proceeding.

“It is a good sign that the owners have changed ......


3rd July, 2008
ICB Financial Group Holdings committed to ensuring success of its bank in Bangladesh

ICB Financial Group Holdings AG, the Swiss-based parent company of ICB Islamic Bank Limited, is committed to ensuring that the turnaround plans that the Bank's new management team is putting in place will be a success.

This commitment was given by Harith Harun, Chief Executive Officer of ICB Financial Group ......


3rd July, 2008
A demo of foreign fund managers' renewed interest in Bangladesh stock market

The Securities and Exchange Commission (SEC) Chairman Faruq Ahmad Siddiqi Tuesday said that launching of LR global Bangladesh Asset Management Company is a testimonial of foreign fund managers' renewed interest in Bangladesh's growing capital market.

"This is a significant event," he said, adding that it shows that foreign investors are showing ......


2nd July, 2008
CRISL reaffirms Islami Bank's long term rating 'AA', short term rating 'ST-I'

Credit Rating Information and Services Limited (CRISL) reaffirmed Islami Bank Bangladesh Limited (IBBL) long term rating 'AA' and short term rating 'ST-I'.

The rating was given on the basis of IBBL's branch network, strong market share, stable customer deposit base, diversified and innovative Shari'ah based product lines, experienced management team, ......


2nd July, 2008
No restriction on Bangladesh shrimp export, US assures govt team

US authorities made an assurance that they will not impose any restriction on Bangladeshi shrimp export, a high-profile Bangladeshi team that recently visited the US, claimed yesterday.

"We successfully convinced the officials of USTR, AFL-CIO, and some other influential senators and congressmen that the reports against Bangladeshi shrimp in international media ......


1st July, 2008
35 pc hike in petroleum prices: Per litre octane Tk 90, petrol Tk 87, diesel-kerosene Tk 55, LPG Tk 1000 per cylinder

The caretaker government yesterday increased the prices of fuel oils by 35 per cent.

The fuel oil prices were increased by the caretaker government for the second time during its tenure after a gap of 15 months. Earlier in April last year, the prices of petroleum products were increased ranging from ......


1st July, 2008
Bangladesh Telecom Company Limited, formerly BTTB to offload shares in one year

Bangladesh Telecom Company Limited, formerly BTTB, which makes its debut today as a public limited company, announced yesterday that it would offload shares in the next one year.

The BTCL also has plans to offer a wide range of broadband internet services soon.

Commenting on the new BTCL board, which is ......


1st July, 2008
SMEs yet to benefit from BB's refinance scheme, Interest rates range from 20pc to 24pc

Bangladesh Bank's move to provide small and medium enterprises with easy access to loans is yet to benefit the SMEs because of high interest charged by financial institutes.

According to the central bank sources, banks and non-bank financial institutes charge as much as 24 percent interest rates for the loans provided ......


30th June, 2008
Temporary staff of mobile operators losing jobs, Intense competition leads to cost cutting measures

Hundreds of temporary employees of the country's telecoms operators lost their jobs in the last few months as major cellphone companies resort to cost cutting measures amid intense competition that leads to call tariff drops.

The people who have lost jobs were mostly working in sales and services departments on contractual ......


30th June, 2008
Investors took to the streets yesterday to protest the stock market regulator's decision to modify the rules regarding mutual fund

The protesters said the changes would affect the growth of mutual funds and also cast a negative impact on the overall market condition.

The Securities and Exchange Commission (SEC) on Thursday decided on principle not to allow the mutual funds to increase their capital base through offering bonus or rights shares. ......

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