Business & Economy
0

KBM Moin Uddin Chisty, Chairman, Board of Directors of Islamic Finance and Investment Limited (IFIL), presides over its 333rd meeting held at its head office in the capital recently while senior officials of the company were present.

KBM Moin Uddin Chisty, Chairman, Board of Directors of Islamic Finance and Investment Limited (IFIL), presides over its 333rd meeting held at its head office in the capital recently while senior officials of the company were present.
block
author N
block
Related

BSEC greenlights Intraco’s Tk50cr bond

Business Desk :The stock market regulator has given consent to Intraco Refueling’s proposal to raise Tk50 crore through the issuance of a seven-year coupon-bearing bond. In an official consent letter, the Bangladesh Securities and Exchange Commission (BSEC) specified that the bond’s coupon rate is fixed at 7%, ensuring semiannual payouts to investors. Additionally, the bond carries the option for full conversion into the ordinary shares of the company at the discretion of the investor. Breaking down the allocation, BSEC earmarked...

DSEX climbs on insurance shares

Business Desk :DSEX, the key index of the Dhaka bourse, witnessed an upturn session as investors poured funds into the insurance shares on Monday. Although in the first hour of the day, the market observed sell pressure which plunged the key index of the Dhaka Stock Exchange (DSE). After that, bargain hunters came into the market and injected their funds into the insurance shares, which helped the index turn around from its downfall. Market insiders said, due to investors’ quick...

Non-life insurers can now collect premium thru MFS

Business Report :Non-life insurance companies in Bangladesh will be able to collect premiums through mobile financial service (MFS) providers as the Insurance Development and Regulatory Authority (Idra) looks to facilitate the use of modern technologies in the industry. In a circular yesterday, the regulator said a company can use a maximum of 10 corporate SIMs registered in its name to collect premiums. And those SIMs must be approved by the Idra. Such premiums must be transferred to one of the...

Higher Smart rate will make loans costlier

Business Desk :Funds are set to be costlier as the regulator raises the benchmark rate Smart by 1.41- percentage points to 7.2% from July’s 7.1%, with large-scale industries having to pay the highest. Bangladesh Bank (BB) data published on Sunday show the latest benchmark lending rate. The central bank of Bangladesh prepares the Smart based on the treasury yields. Commercial banks use it as their benchmark rate or reference rate for fixing lending rates to be charged from borrowers. The...