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HBL AMC rating upgraded
January 9, 2021
KARACHI: VIS Credit Rating Company has upgraded the Management Quality Rating (MQR) of HBL Asset Management Limited (HBL AMC) from ‘AM2+’ (AM-Two Plus) to ‘AM2++’ (AM-Two Plus Plus), a statement said.
The outlook on the assigned rating is ‘Stable’, it added.
The upgraded rating reflects the exhibited improvement in the market position and fund performance.
It also factors in a diverse product portfolio, adequate overall control, compliance, and risk management framework, together with a well-structured investment process having a strong focus on the research-based decision making, it said.
The rating also takes into account the performance of HBL AMC’s two largest income funds, which fell in the top quartile, as well as equity funds that witnessed significant improvement in the year, it added.
Delwer Hussain elected new SAFA president
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DHAKA, Jan 3, 2021 (BSS) – AKM Delwer Hussain, former president and council member of the Institute of Cost and Management Accountants of Bangladesh (ICMAB), has been appointed as the new President of South Asian Federation of Accountants (SAFA) for the year 2021.
Delwar is a senior fellow member of the ICMAB. He has served ICMA Bangladesh as its President for two times in the year 2004 and 2013, said a press release.
He was elected as a board member and also member of the strategic committee of the Confederation of Asian and Pacific Accountants (CAPA) in 2004.
Delwer is principal and CEO of AKM Delwer Hussain and Associates. He is also Director of Agrani Equity and Investment Limited (A subsidiary of Agrani Bank Limited).
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Delwer Hussain made new SAFA President The New Nation
Business Desk :
AKM Delwer Hussain FCMA, Past President and Council Member of the Institute of Cost and Management Accountants of Bangladesh has been appointed as President of South Asian Federation of Accountants (SAFA) for the year 2021, said a press release.
AKM Delwer Hussain is a senior Fellow Member of the Institute of Cost and Management Accountants of Bangladesh (ICMAB). He has served ICMA Bangladesh as its President for two times in the year 2004 and 2013.
He was elected as a Board Member and also Member of the Strategic Committee of the Confederation of Asian and Pacific Accountants (CAPA) in 2004.
Charoen Pokphand Foods Public Company Limited (CPF), which operates integrated agro-industrial and food businesses in 17 countries worldwide under the vision to become the Kitchen of the World, prepares to issue and offer 5 series of debentures with