Finance News: Latest Financial News, Finance News today in Bangladesh

Market turnover lowest in 5 months as fixed assets gain popularity

The daily trade turnover on the Dhaka Stock Exchange (DSE) plunged to five-month low on Tuesday as investors were mostly reluctant to make fresh investments in stocks due to the bleak market outlook.Market analysts said investors were unwilling to inject fresh funds amid a lack of confidence and that cautious...

HR Textile endures record loss for gas, electricity supply shortage

HR Textile made a loss in FY24 higher than double its aggregate profit in the preceding five years due to what it said is gas and electricity supply shortage. Its negative earnings of Tk 574.78 million in FY24 far outstripped its profits of Tk 239.62 million in the five years...

PUBALI BANK SECURES ISO/IEC CERTIFICATION

Pubali Bank has achieved the international standard ISO/IEC 27001:2022 certification in the field of information security management. The ceremony to hand over the certificate was held at the bank's head office on Tuesday. Neyamul Hasan, country managing director of Intertek Bangladesh, and Shams Zaman, country managing partner of PricewaterhouseCoopers Bangladesh,...

Investit Growth Fund to be launched on Jan 1

Fund manager Investit Asset Management has taken a move to launch its first open-ended mutual fund named Investit Growth Fund.The initial size of the fund is Tk 250 million, with the sponsor of the fund, Investit Asset Management, contributing Tk 25 million while the rest will be sourced from individual...

UCB STOCK BROKERAGE WINS PRESTIGIOUS QUALITY CHOICE PRIZE AWARD 2024

UCB Stock Brokerage has recently won Quality Choice Prize Award 2024 from European Society for Quality Research. The award ceremony, held in Vienna, Austria, on December 9, honoured organisations from across the globe for their exceptional dedication to quality management, ethical practices, and innovation. Md. Hasib Reza, CFA, head of...

PREMIER BANK moves DHAKA EPZ BRANCH

The Premier Bank recently shifted its Dhaka EPZ branch to a spacious new spot on the second floor of Commercial Complex of Dhaka EPZ, Savar. The new branch aims to provide modern and “best-in-class” customer services. Mohammad Abu Jafar, managing director and chief executive officer of the bank, inaugurated the...

EXIM BANK INAUGURATES 155TH BRANCH IN NARAYANGANJ

EXIM Bank inaugurated its 155th branch in Narayanganj's Araihazar on Tuesday. Mohammad Feroz Hossain, managing director and chief executive officer of the bank, inaugurated the branch as the chief guest. Md. Anisul Alam, the bank's regional manager for Dhaka South, presided over the programme. Sanjib Chatterjee, head of corporate affairs;...

400,000 tonnes of DAP to be imported annually from KSA

Bangladesh will import 400,000 tonnes of Di-ammonium phosphate (DAP) fertiliser annually from the Kingdom of Saudi Arabia (KSA) for the next two years, reports BSS.An agreement in this regard was signed between Saudi state-owned company Ma'aden and Bangladesh Agricultural Development Corporation (BADC) in Riyadh on December 15, says a press...

BD in talks with South Korea on Economic Partnership Agreement

Bangladesh has launched a negotiation formally with South Korea on an Economic Partnership Agreement (EPA) in an effort to open a broader window for economic cooperation between the two countries."The Council of Advisers has been informed about the launching of the negotiation. We hope this negotiation will end soon," Chief...

People's Insurance Company Board meeting held

The 440th meeting of the Board of Directors of People's Insurance Company Limited was held at PHP Family's Farm House at Bhatiari in Chattogram on Saturday. The meeting was chaired by company Chairman Zafar Ahmed Patwari. Chairman of PHP Family and also former chairman of the People's Insurance Company Alhaj...

RUNNER AUTOMOBILES AGM APPROVES CASH DIVIDEND

The 24th Annual General Meeting (AGM) of Runner Automobiles PLC, a listed engineering company, was held at Kurmitola Golf Club in Dhaka on Monday. At the meeting, shareholders approved 11% cash dividend for general shareholders and 1% for sponsor-directors for the fiscal year ended June 30, 2024. Muhammad Nazrul Islam,...