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Heavyweights drag DSEX down to two-month low

Stocks plunged on Sunday, after a single-day break, with the benchmark index of Dhaka Stock Exchange (DSEX) holding close to a two-month low, as jittery investors dumped their shares to avoid further losses.Although the market opened on an upbeat note and the core index soared 62 points within the first...

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FSIBL sets lofty goals banking on digital tech

First Security Islami Bank Limited (FSIBL) is shifting its focus to small businesses and small deposits through introducing new and innovative products and services using digital technologies, the bank's top executive said.The Shariah-based Islamic bank has also put emphasis on bringing the unbanked people into the banking network in line...

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Supply Chain Excellence Awards 2021 announced

Supply chain professionals and business entities will be honoured in 11 categories for their outstanding contributions to the country's supply chain ecosystem through their respective organisations.Winners of the 'Bangladesh Supply Chain Excellence Award 2021' will receive a crest and certificate each as recognition.IPDC Finance Limited, in collaboration with Bangladesh Supply...

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Renata EPS posts 26.15pc growth

Renata, a leading drug maker, posted a moderate growth in its earnings per share (EPS) for the year ended on June 30, 2021, compared to the same period of the previous fiscal year.The company has reported its consolidated EPS at Tk 51.94 for fiscal year (FY) 2020-21, up 26.15 per...

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Bank Asia holds breast cancer awareness programme

Bank Asia arranged a virtual awareness programme titled 'Myths of Breast Cancer' for all female employees of the bank on Saturday on the occasion of Breast Cancer Awareness Month 2021, says a statement. Tania Nusrat Zaman, director of the bank, was present as the chief guest. Dr. Poovamma CU and...

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Dhaka Bank held Business Review Meeting-2021 for Sylhet Region Branches

Dhaka Bank Limited held the Business Review Meeting-2021 for its Sylhet Region Branches at Nazimgarh Garden Resort in Sylhet recently, with Abdul Hai Sarker, chairman of the bank, as the chief guest. Managing Director & CEO Emranul Huq presided over the meeting

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Beximco tops turnover, gainers' lists on DSE

Bangladesh Export Import Company (Beximco) topped the turnover and gainers' lists on Sunday, thanks to a big jump in its earnings per share (EPS) for the last fiscal year.Some Tk 3.42 billion worth of the company's shares were traded on the Dhaka Stock Exchange (DSE), accounting for 23 per cent...

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Alamgir Kabir re-elected BCMA president

Md Alamgir Kabir, vice chairman of M I Cement Factory Ltd. (Crown Cement), has been re-elected as the president of Bangladesh Cement Manufacturers Association (BCMA), says a statement.Md Shahidullah, managing director of Metorcem Cement Ltd. and chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement Ltd.,...

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German solar car firm Sono Motors files for US IPO

German solar car firm Sono Motors on Friday filed for a US initial public offering (IPO), looking to cash in on investor demand as governments worldwide push for a shift to greener transport, reports Reuters.Reuters reported in March that Sono is exploring a US stock market listing that may value...

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106th meeting of the Executive Committee of Modhumoti Bank

The 106th meeting of the Executive Committee of Modhumoti Bank Limited was held at its Head Office in Dhaka on Saturday, with EC Chairman Barrister Sheikh Fazle Noor Taposh in the chair. Chairman of Labib Group Salahuddin Alamgir, Director of Mona Financial Consultancy & Securities Ltd. Ahasanul Islam Titu, MP,...

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A recitation programme marking the 'Sheikh Russel Day-2021'

A recitation programme marking the 'Sheikh Russel Day-2021' was held at the ICB head office recently. ICB Chairman Prof Dr Md Kismatul Ahsan, Managing Director Md Abul Hossain, Deputy Managing Director Md Kamal Hossain Gazi and other officials were present at the programme

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Toronto market rises for third week

TORONTO, Oct 24 (Reuters): Canada's main stock index edged slightly higher on Friday as gains for the energy and financial sectors offset a drop in technology stocks, with the index notching its third straight week of gains.The Toronto Stock Exchange's S&P/TSX composite index ended up 3.76 points, or 0.02 per...

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Pubali Bank opened 484th branch

Pubali Bank Limited has opened its 484th branch at Hotel InterContinental in Dhaka with a view to providing modern banking service. Chairman of the bank Monzurur Rahman along with Managing Director & CEO Safiul Alam Khan Chowdhury and other officials formally inaugurated the branch on Sunday

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British high commissioner visits Beximco industrial park

A delegation of four members led by British High Commissioner to Bangladesh Robert Chatterton Dickson visited the BEXIMCO Industrial Park and BEXIMCO PPE Park on Sunday, reports BSS.The function was jointly hosted by Beximco Group Director and CEO Syed Naved Husain and Country Business Line Leader of Intertek BD Neyamul...

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Jordanian company dives into Arabic mobile games market

AMMAN, Oct 24 (AFP): Its logo is a tomato, not an apple, but in just eight years Jordanian company Tamatem has already bitten a chunk out of the lucrative market for Arabic mobile games."Less than one per cent of internet content is in Arabic, even though there are 400 million...

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