Haque Specialized Group's News

The board of directors of Social Islami Bank Limited (SIBL) has recommended 20 per cent cash for the year ended on December 31, 2016, said an official disclosure on Wednesday. The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on March 30. Time and venue of the AGM will be notified later on. The record date for entitlement of dividend is on March 14, 2017. The bank has also reported consolidated earnings per share (EPS) of Tk 3.10, consolidated net asset value (NAV) per share of Tk 19.22 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.02 for the year ended on December 31, 2016 as against Tk 2.77 (restated), Tk 18.42 and Tk 6.59 respectively for the same period of the previous year. There will be no price limit on the trading of the shares of the company today (Wednesday) following its corporate declaration. Each share price of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 21.80 on Monday. The company disbursed 15 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2015. The company’s paid-up capital is Tk 10 billion and authorised capital is Tk 7.38 billion, while the total number of securities is 738,298,642. The sponsor-directors own 33.76 per cent stake in SIBL, while institutional investors 33.59 per cent, foreign investors 0.48 per cent and the general public 32.17 per cent as on January 31, 2017, the DSE data shows. -bb/rmc//....

Published at: 2017-02-22 00:00:06

Politicians who have used a divisive and dehumanised rhetoric are creating a more divided and dangerous world, says rights group Amnesty International. Its annual report singles out President Donald Trump as an example of an "angrier and more divisive politics". But it criticises other leaders, including those of Turkey, Hungary and the Philippines, who it says have used narratives of fear, blame and division. The group also says governments are exploiting refugees for political ends. The report, which covers 159 countries, cited a rise in hate speech across the US and Europe targeting refugees and said the reverberations would see more attacks on people on the basis of race, gender, nationality and religion. It criticised countries that, it said, once claimed to champion rights abroad and that were now rolling back human rights at home. "Instead of fighting for people's rights, too many leaders have adopted a dehumanizing agenda for political expediency," Salil Shetty, secretary general of Amnesty International, said in a statement. "The limits of what is acceptable have shifted. Politicians are shamelessly and actively legitimizing all sorts of hateful rhetoric and policies based on people's identity: misogyny, racism and homophobia." 'BEWARE HATE SPEECH' The group made special reference to Mr Trump's executive order last month that banned refugees and immigrants from seven mostly Muslim countries from entering the US. It said Mr Trump put "his hateful xenophobic pre-election rhetoric" into action by signing the measure. The US president, who recently said he was the "least racist" and "least anti-Semitic person", is expected to unveil an updated order this week. The White House has not commented the report. Amnesty also mentioned Philippines President Rodrigo Duterte, Turkish President Recep Tayyip Erdogan and Hungarian Prime Minister Viktor Orban as leaders who were using the "us versus them" rhetoric. "2016 was the year when the cynical use of 'us vs them' narratives of blame, hate and fear took on a global prominence to a level not seen since the 1930s," Mr Shetty added, citing the year when Adolf Hitler rose to power in Germany. "A new world order where human rights are portrayed as a barrier to national interests makes the ability to tackle mass atrocities dangerously low, leaving the door open to abuses reminiscent of the darkest times of human history." Kate Allen, director of Amnesty UK, criticised as "shameful" the recent decision by the British government to halt the scheme which allowed the entry of unaccompanied refugee children already in Europe, estimated to be 90,000. The group also cited in its report: # That 36 countries violated international law last year by unlawfully sending refugees back to a country where their rights were at risk # The international community failed to share responsibility for the Syrian refugee crisis # Crises with "little political will" to address them including in Syria, Yemen, Libya, Afghanistan, Central America, Central African Republic, Burundi, Iraq, South Sudan and Sudan # Indifference to war crimes has become an "entrenched normality" given a paralysis of the United Nations Security Council due to rivalries between permanent members # The US, UK, Russia and European countries that continue to sell arms despite evidence of them being used in war crimes and other human rights violations The London-based group exceptionally launched its report in Paris, saying that France has seen an erosion of its rights in the name of security. The French government says its measures, which followed a series of attacks in 2015, are necessary to protect the country.  ....

Published at: 2017-02-22 00:00:06

A stakeholder dialogue on Dhaka's Economic Future: Opportunities and Challenges will be held on February 23 (Thursday) at DCCI Auditorium. The programme will start from 11 AM and will continue till lunch. The dialogue will be jointly moderated by Executive Chairman of PPRC Dr. Hossain Zillur Rahman and president of Dhaka Chamber of Commerce and Industry (DCCI) Abul Kasem Khan, said a statement. -rmc//  ....

Published at: 2017-02-22 00:00:06

The board of directors of IDLC Finance has recommended 30 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday. The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on March 30 at 10:00 am at Radisson Blu Dhaka Water Garden Hotel in Dhaka. The record date for entitlement of dividend is on March 14, 2017. The leading Financial Institution has also reported consolidated earnings per share (EPS) of Tk 7.08, consolidated net asset value (NAV) per share of Tk 35.56 and consolidated net operating cash flow per share (NOCFPS) of Tk (4.76) for the year ended on December 31, 2016 as against Tk 5.81, Tk 30.97 and Tk 20.96 respectively for the same period of the previous year. There will be no price limit on the trading of the shares of the company today following its corporate declaration. Each share price of IDLC Finance, which was listed on the Dhaka bourse in 1992, closed at Tk 70.20 on Monday. The company disbursed 25 per cent cash dividend for the year ended on December 31, 2015. The company’s paid-up capital is Tk 10 billion and authorised capital is Tk 3.77 billion, while the total number of securities is 377,050,780. The sponsor-directors own 59.66 per cent stake in IDLC, while institutional investors 21.88 per cent, foreign investors 3.33 per cent and the general public 15.13 per cent as on January 31, 2017, the DSE data shows. -bb/rmc//....

Published at: 2017-02-22 00:00:06

All existing five directors of Central Pharmaceuticals will sell their entire holdings to Alif Group through block market, said a disclosure on Wednesday. In this regard, the board of directors of Central Pharmaceuticals has decided to sign a memorandum of understanding (MoU) with Alif Group. “After sale of shares by existing directors of the company through block market, the directors/concerns of Alif Group will form new board and appoint new chairman and managing director accordingly,” said the statement posted on the Dhaka Stock Exchange (DSE) website on Wednesday. After three years of listing with the Dhaka bourse, the board of directors has decided to sell their entire holdings. The company was listed on the bourse in August, 2013. The five existing directors of Central Pharmaceuticals are Mrs. Morsheda Ahmed, chairman of the company, Munsur Ahamed, managing director, Md Rukunuzzaman, director, Nasima Akter, director and Ahamed Bhuiyan. The principal activities of the company is manufacturing and marketing of medicine. The company is producing and marketing finished formulation products for general hospitals, clinics, govt. organizations, NGO’s, corporations & other non-govt. organizations According to the company’s website, the company was actually established by GETCO/ Bangla CAT (Represents the world famous USA-based Caterpillar Company) in 1980s. Afterwards METRO GROUP purchased the company at the end of 1993 and started its operation from the beginning of 1994. Some years later on METRO GROUP decided to sell the company and existing managing director Munsur Ahamed purchased Central Pharmaceuticals Ltd. form METRO GROUP. At DSE, each share of the company closed at Tk 33.10 on Monday. -bb/rmc//....

Published at: 2017-02-22 00:00:06