Many listed Banks’ EPS see moderate rise in 2018
Most of the listed banks, which so far disclosed financial statements, have witnessed moderate rise in earnings per share (EPS) in 2018 compared to previous year. As per the officials, the banks which kept provision in 2017 were able to witness rise in earnings for the year ended on December 31, 2018. The dividends recommended by many of those banks, however, have almost remained same for the year ended on December 31, 2018 compared to previous year. According to the managing director of Pubali Bank, the banks which avoided provisioning risks in 2017 were not able to see moderate rise in earnings for 2018. The provision kept in previous year will also help the banks to see rise in earnings. According to DSE information, the consolidated EPS of Islami Bank Bangladesh rose to Tk 3.92 from Tk 3.06, Jamuna Bank to Tk 3.07 from Tk 2.77 (restated), BRAC Bank to Tk 5.17 from Tk 4.86, Dutch-Bangla Bank to Tk 21.01 from Tk 12.28, Uttara Bank to Tk 4.17 from Tk 3.83, and Eastern Bank to Tk 4.22 from Tk 3.29. The consolidated EPS of First Security Islami Bank rose to Tk 2.03 from Tk 1.72, Premier Bank to Tk 2.84 from Tk 2.46, Standard Bank to Tk 1.44 from Tk 1.42, and Bank Asia to Tk 2.01 from Tk 1.90. The consolidated EPS of Pubali Bank jumped to Tk 3.63 for 2018 from Tk 0.06 (restated) reported for 2017.
US wants BD regains GSP facility: Miller
The US envoy has expressed the hope that Bangladesh would regain its Generalized System of Preferences (GSP) facility in the US market provided a 16-point plan of actions prescribed by US Trade Representative (USTR) is implemented. As per the US ambassador, they want Bangladesh regains its GSP facility successfully and want exercise to be made in respect of 16-point action plans that US presented in 2013. Giving importance on the solution to the existing problems linked with cotton, the ambassador added it is vital for the advancement of trade relations for the two countries. According to him, trade relation between the US and Bangladesh is good.
Seek actions on placement shares, stock dividends
The securities regulator has assured top stockbrokers of taking market supportive measures including making a provision for setting a ceiling on shares issued through IPO (initial public offering) and private placements. The assurance came at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC) on Sunday. Top stockbrokers, representatives of DSE Brokers Association (DBA) and Bangladesh Merchant Bankers Association (BMBA) attended the meeting chaired by BSEC chairman Prof M Khairul Hossain. The commissioners of the securities regulator were also present at the meeting.
Local Firm brings Robotic software Robo2Mation for Companies, FIs
A local technology company has brought robotic process automation (RPA) service or robotic software, for the first time in Bangladesh, aiming to facilitate operations in banks, non bank financial institutions, telcos and other businesses. The specialised service called ‘Robo2Mation’, would help ensure faster and reliable operations with diligence and transparency creating scope for maximising profit and improving work-life balance. The officials of Robo2Mation made the announcement at a press conference, held at a city hotel on Sunday. Chief executive officer (CEO) and director of Robo2Mation Md Imrul Hasan, its director M H Khusru, head of business operation Showkat Hossain Chowdhury, and head of automation and security Faisal Mohammad attended the press conference.
Job portal for migrant workers launched
The country’s first job portal and app was launched on Sunday for migrant workers aiming to prevent middlemen from getting involved in the process of sending workers abroad. International Organization for Migration (IOM) and Bdjobs.com have jointly created the portal and mobile app named ‘Bdesh Jobs’ to provide overseas jobseekers with necessary information about employment in different countries. The launching ceremony was held at a city hotel where officials, migrant rights activists and experts, among others, were present. The platform will also help government-approved recruitment agencies get quick access to information about skilled workers.
24 Firms awarded for superlative health, safety standards
The government yesterday awarded 24 companies in the apparel, finished leather, jute, pharmaceutical and tea sectors for maintaining consistently high safety and health standards in the irrespective factories. The recipients of the Occupational Safety and Health (OSH) awards are: Plummy Fashions, Wisdom Attires, Nafisa Apparels, Mother Colour, Fatullah Apparels, Comfit Composit Knit, Layla Styles, Epyllon Styles, Ecofab, Ananta Garments and Crown Wears. Zaber & Zubaer Fabrics, Square Pharmaceuticals, Beximco Pharmaceuticals, Sanofi Bangladesh, Maf Shoes, Apex Footwear, Picard Bangladesh, Zareen Plantation, Shumshernugger Tea Estate, Janata Jute Mills, Wahab Jute Mills and Northern Jute Manufacturing Company are the other beneficiaries. Commerce Minister Tipu Munshi and State Minister for Labour and Employment Munnujan Sufian handed over the awards to the companies’ representatives at the Krishibid Institute Bangladesh in Dhaka. According to a statement from the International Labour Organisation (ILO), globally an estimated 2.78 million workers die each year as a result of occupational accidents or work-related diseases.
BAT holds AGM, EGM
The 46th Annual General Meeting and an Extraordinary General Meeting of British American Tobacco Bangladesh Company Limited (BAT Bangladesh) were held on Tuesday at the Pan Pacific Sonargaon Hotel in Dhaka. Golam Mainuddin, Chairman of BAT Bangladesh, presided over the meetings. The Board of Directors and shareholders also approved the proposed dividend of Tk. 50 cash dividend & 1:2 stock dividend per share. In 2018, the Company contributed Tk. 19,133 crore as value added tax, supplementary duty and other taxes to the national exchequer, making BAT Bangladesh the highest taxpayer in the country. In addition, various initiatives of the Company e.g. CSR projects, gender equality practice, sustainable agriculture initiatives have been contributing towards achieving the UNSDGs, different national goals and making a balance for a better Bangladesh.
Mr. Atiqur becomes Jamuna Bank Chairman
Md Atiqur Rahman has become chairman of board of directors of Jamuna Bank Limited with effect from Sunday. He earlier served as the chairman of the same bank from April 27, 2003 to April 26, 2004. He is the managing director of The Civil Engineers Ltd, a leading construction company in Bangladesh. Atiqur is also the chairman of Standard Group. He was also a sponsor shareholder director of Standard Insurance Ltd.
FICCI to help achieve BD’s development goals
The foreign investors in Bangladesh have expressed the interest to extend their support to the country in achieving its development goals. Foreign Investors’ Chamber of Commerce and Industry (FICCI) president Shehzad Munim offered the support while speaking at the trade body’s 55th anniversary programme at a city hotel on Saturday. Since its inception, the FICCI as a premier body of foreign investors is here to extend full support to the government in promoting foreign direct investment. In the process, it intends to aid the development of Bangladesh through its activities and member organisations.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|Nikkei 225|| 22,258.73|| ↓48.85||↓0.22%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 62.92||↓0.38||↓0.60%|
|Crude Oil (Brent)||$ 71.80||↓0.35||↓0.49%|
|Gold Spot|| $1,285.86|| ↓0.30||↓0.20%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 83.3259|
|GBP 1||BDT 107.5680|
|EUR 1||BDT 92.8660|
|INR 1||BDT 1.1892|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<