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Company Profile of Asia Insurance Limited

2009-04-06T10:15:00.000-07:00

Company Profile of Asia Insurance LimitedName: Asia Insurance LimitedDate of Incorporation: 30th April 2000Date of Commencement of Business: 30th April 2000Date of Registration to Carryon General Insurance Business: 30th May 2000Registered & Head Office: T.K Bhaban (7th Floor), 13 Karwan Bazar, Dhaka-1215, Bangladesh.Authorized Share Capital: Tk. 30,00,00,000/- cr which is dividend into Tk.

Bashundhara Group to Invest $700m in Oil Refinery

2009-04-06T07:15:00.000-07:00

Bashundhara Group has said it would go ahead with a US$700 million investment in the country's first private sector refinery despite objection by the state-owned Bangladesh Petroleum Corporation (BPC).The largest private sector project in the country would be built at 112 acres of land Bashundhara acquired in the south bank of the Karnaphuli river and it will have the capacity to refine 2.5

United Airways to go Public This Year

2009-03-24T10:09:00.000-07:00

Private carrier United Airways plans to raise Tk 100 crore through an initial public offering (IPO), evidence of becoming the first listed airline in Bangladesh stock market.The airline will use the capital in expanding its horizon in international flight operations, officials said.“We hope we can float our shares on the stock market within this year,” Tasbirul Ahmed Choudhury, chairman and

Trust Bank Limited Recommended Stock Dividend

2009-03-17T11:39:00.000-07:00

Board of Directors of Trust Bank Limited has recommended 20 per cent stock dividend for its shareholders for the year 2008.An extraordinary general meeting (EGM) of the bank will be held to increase its authorised capital from Tk 2.0 billion to Tk 5.0 billion subject to no objection of Bangladesh Bank.EGM and annual general meeting (AGM) of the bank will be held on May 31, 2009. Record date for

IFIC Bank Limited Recommends Stock Dividend

2009-03-17T11:35:00.000-07:00

IFIC Bank Limited has recommended 30 per cent stock dividend for its shareholders for the year that ended on December 31, 2008.The bank has also recommended amendment of Memorandum and Articles of Association of the bank to increase authorised capital from Tk 1.60 billion (160 crore) to Tk 5.35 billion as approved by Bangladesh Bank.The extraordinary general meeting (EGM) and annual general

Prime Finance First Mutual Fund Make Debut Tomorrow

2009-03-15T11:47:00.000-07:00

The Prime Finance First Mutual Fund will make debut in the stock market tomorrow (Tuesday).The Dhaka Stock Exchange (DSE) approved the listing of the mutual fund and fixed debut trading date of the issue at its board meeting held Sunday.It will be the 17th mutual fund in the country's stock market.The subscription of Prime Finance First Mutual Fund worth Tk 200 million ended January 17 last.Face

Al-Arafah Islami Bank Limited Recommends Stock Dividend

2009-03-12T11:30:00.000-07:00

The board of directors of Al-Arafah Islami Bank Limited has recommended 30 per cent stock dividend for the year that ended on December 31, '08 subject to any change by or approval of Bangladesh Bank.The AGM of the bank will be held at the Bangladesh-China Friendship Conference Centre, Sher-E-Bangla Nagar, in the city at 10:30am on June 8, '09.The record date is May 7, '09. There will be no price

NCC Bank Limited Recommends Stock Dividend

2009-03-12T11:20:00.000-07:00

The board of directors of NCC Bank Limited has recommended 30 per cent stock dividend for the year that ended on December 31, '08.The annual general meeting (AGM) of the bank will be held at the Hall of Fame, Bangladesh-China Friendship Conference Centre, Sher-E-Bangla Nagar, in the city at 11am on May 12, '09. The record date is April 6, '09.There will be no price limit on the trading of the

Prime Finance First Mutual Fund Debut Trading Next Week

2009-03-12T11:12:00.000-07:00

Dhaka Stock Exchange (DSE) Thursday approved the listing of Prime Finance First Mutual Fund."As per the rules, the next board meeting of the DSE scheduled early next week will give the final approval and fix the debut trading date of the new issue," a DSE source said.The subscription of Prime Finance First Mutual Fund worth Tk 200 million ended January 17 last.Face value of the each share of the

Merchant Bankers Seek Reserved Quota in IPO

2009-03-09T11:28:00.000-07:00

Merchant bankers yesterday sought a quota reserved for them in every initial public offering (IPO).They said it would help them strengthen themselves as active market intermediaries.The bankers made the appeal at a discussion with the Dhaka Stock Exchange authorities in the bourse.People present in the meeting quoted merchant bankers: “We are considered to be institutional investors. But, we do

No IPO Under Tk 10 Face Value: DSE President Said

2009-03-09T11:20:00.000-07:00

The Dhaka Stock Exchange has decided to discourage companies to be listed with the bourse those will offer initial shares under Tk10 face value. ‘We will discourage companies to be listed with under Tk10-denomination,’ the DSE president, Md Rakibur Rahman told reporters after a board meeting. He said the bourse would make proposals to the Securities and Exchange Commission to change rules in this

About Rupali Life Insurance Company Limited

2009-03-07T21:47:00.000-08:00

Rupali Life Insurance Company Limited (RLIC) was established in 2000. Today Rupali Life, with its Head Office in Dhaka operates 488 Agency Offices throughout Bangladesh . Rupali Life Insurance Company Limited offers a system to replace the loss of income that occurs when someone dies (usually the person who produces the majority of income in a family situation). It is a contract between you as

Rupali Life Insurance Company Ltd

2009-03-07T21:38:00.000-08:00

Rupali Life Insurance Company Ltd(RLIC) is one of the leading Life Insurance Companies in Bangladesh. It has a very dignified management having magnificent professional Identity, illustrious educational background and honesty.The Company transact a wide range of General Insurance business in Bangladesh and has gradually developed goodwill and expertise in the field with sound and stable financial

SEC Approves Book Building for Stocks

2009-03-06T02:38:00.000-08:00

The stock market regulator yesterday approved the much-talked-about 'book building,' a widely practised price fixing mechanism for initial public offering (IPO).Capital market experts see this a move to encourage private-sector entrepreneurs to list their companies on bourses at fair prices.However the existing IPO system will remain intact, officials of the Securities and Exchange Commission

Rupali Life Insurance Company Ltd IPO Gets Nod

2009-03-06T02:23:00.000-08:00

The Securities and Exchange Commission at a meeting on Thursday approved the application of Rupali Life Insurance Company Ltd to raise Tk 4.50 crore from public through issuing initial public offering. ‘The insurance company will float 4.50 lakh shares of Tk 100 each,’ SEC executive director Farhad Ahmed told reporters. The existing paid up capital of the company is Tk 3 crore, he informed.

Marker Shares of Ceramic Tiles Companies

2009-03-04T10:31:00.000-08:00

At least half a dozen ceramic tiles factories are in the pipeline to enter the market in the next couple of years to grab share from the growing industry.Already 11 factories are operating in the market that has been growing at about 20 percent rate for the past several years and posts over Tk 1,000 crore annual sales turnover, industry people said.“Use of tiles is no more a fashion. It's become

Leather Industry Leaders Seek Cash Incentive

2009-03-04T10:24:00.000-08:00

Leather industry leaders yesterday sought a 25 percent cash incentive from the government to boost leather production.They also demanded that the government take safeguard measures for the industry as per a deal signed in 2003 between Bangladesh Finished Leather and Leather Goods and Footwear Exporters Association (BFLLFEA) and Bangladesh Tanners Association (BTA).The leaders urged the government

Importance of Grameenphone IPO in Bangladesh

2009-03-04T10:17:00.001-08:00

As I have written in previous columns, Bangladesh can take a good deal of pride in the relative resilience of both the stock market and the economy to the current global financial crisis.But assessing the potential bottlenecks for us to achieve an 8 percent inclusive growth target, a critical factor likely to limit the future growth of companies and emergence of new entrepreneurs, is a lack of

Bangladesh Ship Building Industry

2009-03-03T10:11:00.000-08:00

Ocean going ship building industry may play a vital role in the expanding worldwide maritime trade and boost the economy of the country. The industry is already attracting foreign buyers and investors.This was observed by the Export Promotion Bureau (EPB) Chittagong Director Md Golam Mostafa while addressing the participants at the seminar on 'Exploration of New Products for Export with Special

Mercantile Bank Recommends Stock Dividend

2009-03-03T10:07:00.000-08:00

The board of directors of Mercantile Bank Limited has recommended 20 per cent stock dividend (one bonus share for every five shares) for the year that ended on December 31, '08.The annual general meeting (AGM) of the bank will be held at Winter Garden of Dhaka Sheraton Hotel at 11am on March 31, '09.The record date is March 16, '09. There will be no price limit on the trading of the shares of the

Eastern Bank Limited Recommends Stock Dividend

2009-03-02T09:40:00.000-08:00

The board of directors of Eastern Bank Limited (EBL) has recommended 20 per cent stock dividend for the year that ended on December 31, '08.The annual general meeting (AGM) of the bank will be held at Bangladesh-China Friendship Conference Centre, Sher-E-Bangla Nagar, in the city at 11:30am on April 28, '09. The record date is March 30, '09.There will be no price limit on the trading of the

Dynamic Textile has Recommended no Dividend

2009-02-27T09:22:00.000-08:00

The board of directors of Dynamic Textile has recommended no dividend for the year that ended on September 30, '08.The authorities of the company have disclosed no information relating to AGM, time, venue and book-closure.There will be no price limit on the trading of the shares of the company Sunday (March 1) following its corporate declaration.

Prime Bank Limited Recommend Stock Dividend

2009-02-27T09:19:00.000-08:00

The board of directors of Prime Bank Limited has recommended 25 per cent stock dividend for the year that ended on December 31, '08.The AGM of the bank will be held at the Hall of Fame of Bangladesh-China Friendship Conference Centre, Agargaon, Sher-E-Bangla Nagar, in the city at 11am on March 30, '09. The record date is March 12, '09.There will be no price limit on the trading of the shares of

United Insurance Recommend Cash and Stock Dividends

2009-02-27T09:14:00.000-08:00

The board of directors of United Insurance has recommended 10 per cent cash and 150 per cent stock dividends for the year that ended on December 31, '08.The annual general meeting (AGM) of the company will be held at the Bangladesh-China Friendship Conference Centre, Agargaon, in the city at 3pm on May 7, '09.The record date is April 6, '09. There will be no price limit on the trading of the

National Bank Limited Recommend Stock Dividend

2009-02-24T10:04:00.000-08:00

The board of directors of National Bank Limited (NBL) has recommended 52 per cent stock dividend for the year that ended on December 31, '08.The board has also decided to hold an extraordinary general meeting (EGM) to increase authorised capital of the bank from Tk 2.45 billion to Tk 7.45 billion and to cancel categorisation of bank's share accordingly, amendments of Memorandum and Articles of