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Wednesday, November 3, 2010

Import and Export will be prohibited without Trade Body Membership.


There have been many cases of import/export regulation violations where the concerned businessmen could not be traced. To avoid such discrepancies, exporters and importers would have to be members of related trade bodies to carry on with their business.

Faruk Khan, commerce minister has said that businessmen will not be allowed to export or import unless they were members of related trade bodies. He said that the draft of Trade Organisation Act, which will be finalized by the start of next year, will include this provision.


The minister was speaking to reporters following a visit by the outgoing European Union ambassador Stefan Frowein on Wednesday. He said that work was ongoing to implement and finalise the draft of the 'Trade Organisation Act.'

The minister said that a copy of the draft has been provided to the apex trade body, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and opinions of all related parties will be considered before the Act was finalized.

Monday, October 25, 2010

Latest DSE News on 24th October,2010.

APEXTANRY
News:    The company has informed that the Board of Directors of the company has decided to purchase 56,945 additional ordinary shares of CDBL at a cost of Tk. 34,16,700.00 (at rate of Tk.60.00 per share including premium of Tk. 50.00 per share).
METROSPIN
News:    Al-Haj Abdul Ali and Mr. Mohd. Ferdous Kawser Masud, both are Sponsors/Directors of the company, have further reported that they have completed their sale of 5,99,100 and 5,36,400 shares respectively at prevailing market price through Stock Exchange as announced earlier.
BDFINANCE
News:    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported net profit after tax of Tk. 65.09 million with EPS of Tk. 14.78 as against Tk. 0.27 million and Tk. 0.06 (restated) respectively for the same period of the previous year. It is to be noted that income from investment in securities was Tk. 72.87 million as on 30.09.10 (July'10 to Sep'10) as against Tk. 5.78 million as on 30.09.09 (July'09 to Sep'09).Whereas net profit after tax was Tk. 176.64 million with EPS of Tk. 40.11 for the period of nine months (Jan'10 to Sep'10) ended on 30.09.10 as against Tk. 33.55 million and Tk. 7.62 (restated) respectively for the same period of the previous year. It is to be also noted that income from investment in securities was Tk. 232.83 million as on 30.09.10 (Jan'10 to Sep'10) as against Tk. 8.72 million as on 30.09.09 (Jan'09 to Sep'09).
ALARABANK
News:    Al-Haj Abdul Malek Mollah, one of the Sponsors/Directors of the Bank, has further reported that he has completed his sale of 5,00,000 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.
BANKASIA
News:    Amiran Generations Ltd., one of the corporate Sponsors/Directors of the Bank, has further reported that it has completed its buy of 13,000 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.
BAYLEASING
News:    Mr. Nasim Ali Khan, one of the Sponsors/Directors of the company, has further reported that he has completed his sale of 42,250 shares of the company at prevailing market price through Stock Exchange as announced earlier.
DSHGARME
News:    As per regulation 30 of DSE Listing Regulations, the company has informed that a meeting of Board of Directors of the company will be held on October 28, 2010 at 3:30 p.m. to consider, among others, audited financial statements of the company for the year 2009-2010.
ONEBANKLTD
News:    Mr. Hefazatur Rahman, one of the Sponsors/Directors of the Bank, has further reported that he has completed his sale of 40,000 shares of the Bank at prevailing market price through Stock Exchange as announced earlier.
SONARBAINS
News:    The Company has informed that Mr. Sheikh Kabir Hossain has been re-elected as Chairman and Al-haj Md. Ruhul Amin as Vice Chairman of the company.
1STBSRS
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 2,130.68 per unit on current market price basis and Tk. 234.91 per unit on cost price basis against face value of Tk. 100.00 whereas Net Assets of the Fund stood at Tk. 117,457,458.78 after considering all assets and liabilities of the Fund.
BAYLEASING
News:    Mr. Murad Hossain and Mr. Minhaz Mannan Emon, both are Sponsors/Directors of the company, have reported their intention to sell 42,250 and 6,000 shares (Bonus Shares) out of their total holdings of 1,26,750 and 18,000 shares respectively at prevailing market price through Stock Exchange within 31st October 2010.
APEXTANRY
News:    (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported net profit after tax of Tk. 29.56 million with EPS of Tk. 19.40 as against Tk. 24.15 million and Tk. 15.85 respectively for the same period of the previous year.
PREMIERLEA
News:    Mr. A. S. M. Feroz Alam, one of the Sponsors/Directors of the Company, has reported his intention to sell 40,000 shares out of his total holdings of 3,04,222 shares of the company at prevailing market price through Stock Exchange within 31st October 2010.
ICB M. FUNDS
News:    On the close of operation on 19.10.2010, the ICB Mutual Funds have reported Net Asset Value (NAV) for First ICB M.F. of Tk. 12,201.95, Second ICB M. F. of Tk. 3,995.58, Third ICB M. F. of Tk. 2,882.13, Fourth ICB M. F. of Tk. 3,299.55, Fifth ICB M.F. of Tk. 2,607.16, Sixth ICB M. F. of Tk. 940.70, Seventh ICB M. F. of Tk. 1,503.54 and Eighth ICB M.F. of Tk. 1,076.57 per unit on current market price basis against face value of Tk. 100.00 each. Whereas, on the basis of Cost Price, Net Asset Value (NAV) per unit of the said 8 ICB Mutual Funds were Tk. 980.20, Tk. 669.92, Tk. 528.38, Tk. 490.60, Tk. 343.47, Tk. 203.43, Tk. 256.10 and Tk. 226.65 respectively against face value of Tk. 100.00 each.
FAREASTLIF
News:    Mr. Jahurul Islam Chowdhury, one of the Sponsors/Directors of the company, has reported his intention to sell 19,000 shares (Bonus shares) out of his total holdings of 2,04,600 shares of the company at prevailing market price through Stock Exchange within 31st October 2010.
RNSPIN
News:    Mr. Kim Jung Suk, one of the Sponsors/Directors of the company, has reported his intention to sell 12,00,000 shares (Bonus shares) out of his total holdings of 2,93,38,710 shares of the company at prevailing market price through Stock Exchange within 31st October 2010.
FUWANGFOOD
News:    As per regulation 30 of DSE Listing Regulations, the company has informed that a meeting of Board of Directors of the company will be held on October 27, 2010 at 3:00 p.m. to consider, among others, audited financial statements of the company for the year ended June 30, 2010.
SEC NEWS
News:    SEC has formed an enquiry committee to investigate in to certain allegations against Bangladesh Industrial Finance Company Ltd. (BIFCL) and its officials regarding the matters related to its activities affecting the interest of the shareholders of the said company.
DSE NEWS
News:    Today's (24.10.2010) Total Trades: 301,451; Volume: 110,406,551 and Turnover: Tk. 24,394.97 million.
BDLAMPS
News:    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported profit after tax of Tk. 7.33 million with EPS of Tk. 10.17 as against Tk. 8.94 million and Tk. 12.40 respectively for the same period of the previous year. Whereas profit after tax was Tk. 30.48 million with EPS of Tk. 42.29 for the period of nine months (Jan'10 to Sep'10) ended on 30.09.10 as against Tk. 26.97 million and Tk. 37.42 respectively for the same period of the previous year.
PRIMEBANK
News:    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the Bank has reported consolidated net profit after tax of Tk. 823.57 million with consolidated EPS of Tk. 17.82 as against Tk. 1,007.47 million and Tk. 21.80 (restated) respectively for the same period of the previous year. Whereas consolidated net profit after tax was Tk. 2,326.47 million with consolidated EPS of Tk. 50.34 for the period of 9 months (Jan' 10 to Sep' 10) ended on 30.09.10 as against Tk. 1,811.66 million and Tk. 39.20 (restated) respectively for the same period of the previous year. Again, as per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the Bank has also reported net profit after tax of Tk. 546.42 million with EPS of Tk. 11.82 as against Tk. 997.94 million and Tk. 21.60 (restated) respectively for the same period of the previous year. Whereas net profit after tax of the Bank was Tk. 1,902.11 million with EPS of Tk. 41.16 for the period of 9 months (Jan' 10 to Sep' 10) ended on 30.09.10 as against Tk. 1,781.99 million and Tk. 38.56 (restated) respectively for the same period of the previous year. In the footnote the Bank has reported that rights share does not included in the share capital because it has been credited to shareholders accounts on 05.10.10.
FAREASTLIF
News:    Dr. Iffat Jahan, one of the Sponsors/Directors of the company, has reported her intention to transfer 46,926 shares out of her total holdings of 1,46,926 shares of the company to her son Mr. Samir Obaid by way of gift outside the trading system of the Exchange within 31st October 2010.
MEGHNALIFE
News:    Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 25.10.10 to 27.10.10. Trading of the shares of the company will remain suspended on record date i.e. 28.10.10 for changing the Face Value remaining the market lot unchanged.
GREENDELT
News:    Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 25.10.10 to 27.10.10. Trading of the shares of the company will remain suspended on record date i.e. 28.10.10 for changing the Face Value and Market Lot.
METROSPIN
News:    Trading of the shares of the company will remain suspended on record date i.e. 25.10.10.
FIRSTSBANK
News:    Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with the entitlement of rights share from 25.10.10 to 27.10.10. Trading of the shares of the Bank will remain suspended on record date i.e. 28.10.10.
AGNISYSL
News:    Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit (cash dividend + rights entitlement) from 25.10.10 to 27.10.10. Trading of the shares of the company will remain suspended on record date i.e. 28.10.10 for entitlement of cash dividend and rights share.
EXIMBANK
News:    Trading of the shares of the Bank will remain suspended on record date i.e. 25.10.10 for entitlement of Rights share.
RAKCERAMIC
News:    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported consolidated profit after tax and minority interest of Tk. 155.01 million with consolidated EPS of Tk. 0.67 as against Tk. 47.30 million and Tk. 0.21 respectively for the same period of the previous year. Whereas consolidated profit after tax was Tk. 506.53 million with consolidated EPS of Tk. 2.20 for the period of nine months (Jan'10 to Sep'10) ended on 30.09.10 as against Tk. 176.77 million and Tk. 0.77 respectively for the same period of the previous year.
APEXSPINN
News:    The Company has informed that there is no unprecedented material development in the business of the Company recently to warrant the present unusual upward pattern of price of shares of the Company.
APEXFOODS
News:    The Company has informed that there is no unprecedented material development in the business of the Company recently to warrant the present unusual upward pattern of price of shares of the Company.
APEXSPINN
News:    (H/Y): As per un-audited half yearly accounts as on 30.09.10 (Apr' 10 to Sep' 10), the company has reported net profit after tax of Tk. 6.99 million with EPS of Tk. 8.33 as against Tk. 5.41 million and Tk. 6.44 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 3.19 million with EPS of Tk. 3.80 for the period of 3 months (July' 10 to Sep' 10) ended on 30.09.10 as against Tk. 3.75 million and Tk. 4.47 respectively for the same period of the previous year.
PF1STMF
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 12.53 per unit on the basis of current market price and Tk. 10.59 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 75,17,43,405.63 on the basis of market price and Tk. 63,52,82,092.84 on the basis of cost price after considering all assets and liabilities of the Fund.
CITYGENINS
News:    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported profit after tax of Tk. 18.24 million with EPS of Tk. 10.05 as against Tk. 6.63 million and Tk. 3.65 (restated) respectively for the same period of the previous year. Whereas profit after tax was Tk. 38.88 million with EPS of Tk. 21.42 for the period of nine months (Jan'10 to Sep'10) ended on 30.09.10 as against Tk. 18.23 million and Tk. 10.04 (restated) respectively for the same period of the previous year.
PRIME1ICBA
News:    On the close of operation on October 19, the Fund has reported Net Asset Value (NAV) of Tk. 13.01 per unit on the basis of current market price and Tk. 10.93 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 130,14,38,632.91 on the basis of market price and Tk. 109,33,64,389.92 on the basis of cost price after considering all assets and liabilities of the Fund.
ICBEPMF1S1
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 13.46 per unit on the basis of current market price and Tk. 11.05 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 100,92,95,058.31 on the basis of market price and Tk. 82,85,33,653.94 on the basis of cost price after considering all assets and liabilities of the Fund.
1STPRIMFMF
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 24.53 per unit at current market price basis and Tk. 16.27 per unit at cost price basis against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 49,05,86,089.39 on the basis of market price and Tk. 32,54,36,307.01 on the basis of cost price after considering all assets and liabilities of the Fund.
ICBISLAMIC
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 359.31 per unit on the basis of current market price and Tk. 240.58 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 35,93,05,773.50 on the basis of market price and Tk. 24,05,76,249.87 on the basis of cost price after considering all assets and liabilities of the Fund.
ICB3RDNRB
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 12.40 per unit on the basis of current market price and Tk. 10.73 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 124,02,91,343.84 on the basis of market price and Tk. 107,30,83,811.89 on the basis of cost price after considering all assets and liabilities of the Fund.
ICB2NDNRB
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 231.28 per unit on the basis of current market price and Tk. 140.57 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 231,28,46,550.79 on the basis of market price and Tk. 140,57,24,235.76 on the basis of cost price after considering all assets and liabilities of the Fund.
ICB1STNRB
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 524.67 per unit on the basis of current market price and Tk. 294.50 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 52,46,67,621.98 on the basis of market price and Tk. 29,44,99,828.90 on the basis of cost price after considering all assets and liabilities of the Fund.
ICBAMCL2ND
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 152.61 per unit on the basis of current market price and Tk. 115.60 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 76,30,29,290.25 on the basis of market price and Tk. 57,80,09,422.51 on the basis of cost price after considering all assets and liabilities of the Fund.
IDLC
News:    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported consolidated net profit after tax of Tk. 276.14 million with consolidated EPS of Tk. 46.02 as against Tk. 149.48 million and Tk. 24.91 (restated) respectively for the same period of the previous year. Whereas consolidated net profit after tax was Tk. 1,012.10 million with consolidated EPS of Tk. 168.68 for the period of 9 months (Jan' 10 to Sep' 10) ended on 30.09.10 as against Tk. 453.90 million and Tk. 75.65 (restated) respectively for the same period of the previous year. Again, As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has also reported net profit after tax of Tk. 157.21 million with EPS of Tk. 26.20 as against Tk. 151.05 million and Tk. 25.18(restated) respectively for the same period of the previous year. Whereas net profit after tax of the company was Tk. 648.95 million with EPS of Tk. 108.16 for the period of 9 months (Jan' 10 to Sep' 10) ended on 30.09.10 as against Tk. 316.33 million and Tk. 52.72 (restated) respectively for the same period of the previous year.
ICBAMCL1ST
News:    On the close of operation on October 19, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 750.05 per unit on the basis of current market price and Tk. 375.23 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 75,00,47,954.29 on the basis of market price and Tk. 37,52,31,669.16 on the basis of cost price after considering all assets and liabilities of the Fund.
GREENDELMF
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 10.68 per unit on the basis of current market price and Tk. 10.25 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 160,16,45,959.11 on the basis of market price and Tk. 153,71,67,646.06 on the basis of cost price after considering all assets and liabilities of the Fund.
TRUSTB1MF
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 15.04 per unit on the basis of current market price and Tk. 11.32 per unit on the basis of cost price against face value of Tk. 10.00, whereas total Net Assets of the Fund stood at Tk. 3,007,164,357.90 on the basis of market price and Tk. 2,264,238,228.34 on the basis of cost price after considering all assets and liabilities of the Fund.
DBH1STMF
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 13.30 per unit on the basis of current market price and Tk. 11.25 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 159,63,67,548.52 on the basis of market price and Tk. 134,99,65,028.37 on the basis of cost price after considering all assets and liabilities of the Fund.
POPULAR1MF
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 10.47 per unit on the basis of current market price and Tk. 10.13 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 2,094,603,722.17 on the basis of market price and Tk. 2,026,008,511.66 on the basis of cost price after considering all assets and liabilities of the Fund.
EBL1STMF
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 15.45 per unit at current market price basis and Tk. 11.16 per unit at cost price basis against face value of Tk. 10.00, whereas total Net Assets of the Fund stood at Tk. 1,544,912,891.71 based on market price and Tk. 1,116,289,466.11 based on cost price after considering all assets and liabilities of the Fund.
1JANATAMF
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 10.59 per unit on the basis of current market price and Tk. 10.17 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 2,118,721,273.18 on the basis of market price and Tk. 2,034,083,905.40 on the basis of cost price after considering all assets and liabilities of the Fund.
IFIC1STMF
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 14.28 per unit on the basis of current market price and Tk. 11.24 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,714,123,280.84 on the basis of market price and Tk. 1,348,550,590.43 on the basis of cost price after considering all assets and liabilities of the Fund.
GRAMEENS2
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 21.11 per unit at current market price basis and Tk. 10.56 per unit at cost price basis against face value of Tk. 10.00 whereas Net Assets of the Fund stood at Tk. 2,638,467,032.00.
GRAMEEN1
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 59.13 per unit at current market price basis and Tk. 20.98 per unit at cost price basis against face value of Tk. 10.00 whereas Net Assets of the Fund stood at Tk. 1,005,217,771.00.
AIMS1STMF
News:    On the close of operation on October 21, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 6.95 per unit at current market price basis and Tk. 3.00 per unit at cost price basis against face value of Tk. 1.00 whereas Net Assets of the Fund stood at Tk. 1,167,343,099.00.
PRIMEINSUR
News:    Alhaj Abdul Gaffar Dubash, one of the Sponsors/Directors of the Company, has further reported that he has completed his sale of 12,900 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
KEYADETERG
News:    In response to a DSE query dated 21.10.10, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike.
GP
News:    Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported consolidated profit after tax of Tk. 2,905.99 million with consolidated basic EPS of Tk. 2.15 as against Tk. 1,748.44 million and Tk. 1.44 respectively for the same period of the previous year. Whereas consolidated profit after tax was Tk. 7,738.94 million with consolidated basic EPS of Tk. 5.73 for the period of nine months (Jan'10 to Sep'10) ended on 30.09.10 as against Tk. 6,523.80 million and Tk. 5.37 respectively for the same period of the previous year. It is to be noted that EPS has been calculated on basis of the weighted average outstanding no. of shares of the company.
RANFOUNDRY
News:    (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2010 (July'10 to Sep'10), the company has reported net profit after tax of Tk. 6.59 million with EPS of Tk. 0.66 as against Tk. 5.01 million and Tk. 0.50 respectively for the same period of the previous year. Whereas net profit after tax was Tk. 19.15 million with EPS of Tk. 1.92 for the period of nine months (Jan'10 to Sep'10) ended on 30.09.10 as against Tk. 16.57 million and Tk. 1.66 respectively for the same period of the previous year.
ATLASBANG
News:    There will be no price limit on the trading of the shares of the company today (24.10.10) following its corporate declaration.
ATLASBANG
News:    The Board of Directors has recommended cash dividend @ 100% and stock dividend @ 1B: 3 (i.e. one bonus share for every three shares held) for the year ended on 30th June, 2010. The Board has also decided to increase Authorized Capital of the company from existing Tk. 20.00 crore to Tk. 100.00 crore. Date of EGM and AGM: 18.12.10, Time of EGM and AGM: 10:30 AM and 11.00 AM respectively, Venue: Factory premises of the Company at 265-267 Tongi Industrial Area, Tongi, Gazipur. Record date for EGM and AGM: 11.11.10. The Company has also reported Net profit after tax of Tk. 287.74 m., EPS of Tk. 21.58, NAV per share of Tk. 62.37 and Net Operating Cash Flow per share of Tk. 15.81 for the year ended on 30th June, 2010.
SONARGAON
News:    There will be no price limit on the trading of the shares of the company today (24.10.10) following its corporate declaration.
SONARGAON
News:    The company has informed that the Board of Directors of the company has taken the following decisions: (1) Change of the denomination of shares of the company from Tk. 100.00 to Tk. 10.00 and determine the market lot of shares from 50 to 250 shares per lot subject to approval of the regulatory authorities and shareholders. The company shall also amend the relevant Clause/Articles of the Memorandum and Articles of Association of the company, (2) For raising paid up capital by issuing rights share @ 1R:1 (i.e. one rights share against one ordinary share) of Tk. 100.00 each at an issue price of Tk. 150.00 (including premium of Tk. 50.00 per share) on paid up capital subject to approval at EGM and also by the regulatory authorities (If denomination change is approved by authorities, face value of each share will be Tk. 10.00 and to add premium Tk. 5.00 per share totaling Tk. 15.00 each for rights issue). The capital will be raised for expansion purpose with a view to increasing production capacity and turnover with ensure of quality as well as profitability by way of BMRE of this 100% export oriented spinning mill and (3) Revaluation of fixed assets (Land, Factory Building and machinery) of the Company and it will be Conducted by a survey company and revaluation process will be completed by November 10, 2010. Date of EGM: 04.12.10, Time: 12:00 noon, Venue: Barisal Club, Barisal. Record date for EGM: 07.11.10. Another record date for entitlement of the proposed rights share to be notified later after obtaining approval from SEC.
STANCERAM
News:    There will be no price limit on the trading of the shares of the company today (24.10.10) following its corporate declaration.
STANCERAM
News:    The Board of Directors has recommended stock dividend @ 5% for the year ended on 30th June, 2010. Date of AGM: 28.12.10, Time: 10:00 AM, Venue: Factory Premises, Saydana, KB Bazar, Joydevpur, Gazipur. Record Date: 09.11.10. The company has also reported EPS of Tk. 5.12, NAV per share of Tk. 155.22 and Net Operating Cash Flow per share of Tk. 37.94 for the year ended on 30th June, 2010.
GP
News:    There will be no price limit on the trading of the shares of the company today (24.10.10) following its corporate declaration.
GP
News:    The Board of Directors of the company has declared interim cash dividend @ 35% (Tk. 3.50 per share of Tk. 10.00 each) for the year ending on 31st December 2010 out of the provisional net profits of the company for the half-year ended on 30th June 2010. The Board has also declared EPS of Tk. 3.58, NAV per share of Tk. 34.72 and Net Operating Cash Flow per share of Tk. 11.11for the half-year ended on 30th June 2010. Record date for entitlement of interim dividend: 02.11.10.
MARICO
News:    There will be no price limit on the trading of the shares of the company today (24.10.10) following its corporate declaration.
MARICO
News:    The Board of Directors has recommended interim cash dividend @ 25% (i.e., Tk. 2.50 per share of Tk. 10.00 each) for the year ending on March 31, 2011. Record Date: 02.11.10. As per audited accounts for the 12 months period ended on September 30, 2010, the company has also reported Net Profit after Tax of Tk. 68.00 crore, basic EPS of Tk. 21.43, NAV per share of Tk. 68.48 and Net Operating Cash Flow per share of Tk. 42.26 as against Tk. 47.00 crore, Tk. 16.45, Tk. 49.86 and Tk. 21.65 respectively for the same period of the previous year. The company has also informed that the company took decision on 25.04.10 to change the accounting year of the company from October 1st to September 30th to commence new accounting year from April 1st and end on March 31st. In order to effect the aforesaid change, the Deputy Commissioner of Taxes and the Registrar of Joint Stock Companies & Firms have also approved consolidation of financial results for this year, for a period of 18 months, from October 2009 to March 2011 and subsequently commence the new accounting year from April 2011 onwards for 12 months each. The Securities & Exchange Commission (SEC) has also advised the requirement of publication and presentation of financial statements for extended period from October'2010 to March'2011.

Monday, August 23, 2010

New Airport proposed by the Civil Aviation Ministry.

A proposal concerning the issue has already been sent to prime minister Sheikh Hasina, civil aviation secretary Shafique Alam Mehedi told on Monday. "The cell will be formed as soon as the prime minister approves the proposal," he said. Airport Planning & Management

The civil aviation ministry has proposed formation of a cell to speed up the construction of Bangabandhu Sheikh Mujib International Airport. Ministry officials preferring not to be named said that the civil aviation authorities were thinking of building the new airport close to Dhaka. It will be built on about 6,000 acres according to the sources. The civil aviation has initially selected three sites — two in Madhupur, Tangail and one in Mymensingh's Trishal. The airport will start operations with two runways at the beginning but there will be sufficient space to make a third one.

The budget for this airport, including expenses for constructing an elevated expressway between Dhaka and the airport and a monorail, has been estimated at about Tk 50 billion. If implemented, it will be the biggest project in the country. Mehedi said, "The airport will be constructed on a BOT (Build Operate Transfer) basis. The government will only provide the land." The construction is expected to be completed by 2013, he added.

In his budget speech, finance minister AMA Muhith had said that this new airport would have all the facilities to become the heart of all international fights. Hazrat Shahjalal Airport, launched in 1980 in Kumitola, is a one-runway airport on 1737 acres, but according to a master plan, it was supposed to have two runways. The World's Top 500 Airports


Many unapproved houses have been built around the airport standing in the way of building another runway. There is also considerable risk of running airport operations because of installations around the airport. The government knocked down 12 structures in 2005. Officials close to the authorities also said that hundreds of buildings of Uttara and Nikunja will be enlisted as 'risky' if authorities initiate building the second runway at Shahjalal airport. 
 
There are now three international and five domestic airports in the country. In addition, there are seven short take-off and landing ports.

Saturday, July 31, 2010

BTRC reduce the ISD call rates.

 According to the website of Bangladesh Telecommunication Regulatory Commission (BTRC), the costs of telephone calls to most overseas destinations will be reduced from Sunday.

These lower prices are part of the decision by the BTRC to bring all calls under a single platform - with callers from now on having to dial 00 to make international calls. Callers will no longer be able to make calls using 012 prefix.
The BTRC website shows the revised tariff for calls to India using both land lines and mobile phones will be Tk 12 per minute, reduced from Tk 15-18 per minute.

There will be a tariff of Tk 6 per minute for calling the following countries: Canada, the US, Argentina, the UK, Ireland, France, Italy, Germany, Australia, New Zealand, Malaysia, Singapore, Thailand, China and Hong Kong.

 
Calls made to land lines telephones of the following destinations would be charged at Tk 8 per minute: The Bahamas, Puerto Rico, Costa Rica, Austria , Belgium, Cyprus, Greece, Turkey ,Norway, Poland, Portugal, Spain, Switzerland, Taiwan, and South Korea.

Tariffs for making calls to the Middle Eastern states of Saudi Arabia, Kuwait, the UAE, Bahrain, Iran, Iraq, Egypt, Lebanon, Qatar and Syria will range from Tk 12 to Tk 18.

Wednesday, April 14, 2010

Bangla New Year - Brief History & Present Activities.


The Bengali year was introduced during the regime of Emperor Akbar to facilitate revenue collection in the 16th century. Ameer Fateh Ullah Sirajee, member of Akbar's Nabaratna initiated the "crop year" by mixing the solar year with lunar year. It was Sirajee who began counting Bengali Nababarsha from Baishakh after combining Hizri with Bengali year. The name Baishakh was derived from a heavenly body named 'Bishakha.'
Prospects of material folk culture studies and folklife museums in Bangladesh

However, in Bangladesh, the celebration was first shifted in 1988, following a coordinating committee recommendation. It suggested to observe the day on Apr 14, saying that it would be scientific, instead of following 'panjika'. The committee was formed under the supervision of the Bangla Academy in 1963. Veteran academician Dr Muhammad Shahidullah and Dr Meghnad Saha were among the top members.

But, the West Bengal government did not accept that. The citizens there, most of whom are Bengali speakers, still follow the 'panjika'.

The Bengalis await the first day of the 'Nababarsha' with new hopes and aspirations. The students of the Bangla Department at Dhaka University also hosted Chaitra Sankranti in the evening on the university's Arts Faculty premises. The whole nation is set to welcome the New Year and different programmes are chalked out to celebrate the day.Who's who in Bangla literature

The central attraction of Pahela Baishakh is the 40-year old regular programme of Chhayanaut at Ramna Batamul. Chhayanaut has finished all arrangements for its programme. Like every year, the musical programme is furnished with devotional and patriotic songs.

The Fine Art Institute of Dhaka University has finished its last minute preparations to bring out a Mangal procession. The arts students make tireless efforts for days to prepare different masks and figures of birds and animals.

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