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

Net foreign funds in stocks jump 200pc in January

Net foreign investment in stocks marked a 200 per cent rise month-on-month in January 2018 as overseas investors poured fresh funds into the Bangladesh capital market.Analysts said the net portfolio investment in the country's capital market increased as the market offers discounted rate of many fundamental stocks.They said the steadily...

Core index sees biggest single-day fall in one yr

Stocks witnessed the biggest single-day fall in 12 months Wednesday as worried investors continued heavy sell-offs, fearing further fall.Brokers said the market continued bleeding as panic gripped the investors amid concern that money supply would be squeezed following the central bank's directive to slash the limit of banks' advance-deposit ratio...

Confidence Cement to invest in power plant projects

The board of directors of Confidence Cement has agreed to invest in the new power plant projects located at Bogra, Rangpur and Chittagong under Confidence Power Holdings Limited.The capacity of Bogra power plants will be 226 MW, Rangpur 113 MW and Chittagong 54.363 MW, according to the disclosure posted on...

Islamic Finance and Investment sees visible progress in businesses

Efficient human resources and risk managers could make financial institutions (FIs) sustainable through minimising possible risks in various forms, Managing Director and CEO (Chief Executive Officer) of Islamic Finance and Investment Limited (IFIL), AKM Shahidul Haque said.Mr. Haque, who started his four decade-long banking career in 1977, said the industry...

Shares in UK financial services group Capita plunge

LONDON, Jan 31 (AFP): Shares in troubled British financial services group Capita plunged more than 40 per cent in value on Wednesday after the indebted outsourcing firm warned over future profits.Analysts said the group risked ending up the same way as construction company Carillion, which shut earlier this month with...

News Briefs-(1-02-2018)

Mahbubul Alam BUILD gets new chairmanMahbubul Alam, President of Chittagong Chamber of Commerce and Industry (CCCI) has taken over the charge as the Chairman of the Trustee Board of Business Initiative Leading Development (BUILD) for the year 2018-19. Mr. Alam succeeds Nihad Kabir, President of Metropolitan Chamber of Commerce and...

DSE/CSE News in Brief (1-02-2018)

DSE NEWSDisbursement of dividend Alif Manufacturing Company: Alif Manufacturing Company Ltd. has informed that it has disbursed cash dividend warrants for the year ended on June 30, 2017 to the respective shareholders' address through courier service.Confirmation of share receiptGBB Power Ltd.:Mrs. Morziana Hasan, one of the directors of GBB Power...

Pubali Bank Ltd inaugurated an ATM Booth at Madan Branch

Pubali Bank Ltd inaugurated an ATM Booth at Madan Branch, Netrakona. Md. Abdul Halim Chowdhury, Managing Director & CEO of Pubali Bank Ltd formally inaugurated the booth as chief guest. Safiul Alam Khan Chowdhury, Additional Managing Director was present as Guest of Honour.

IBBL inaugurated its Agent Banking outlet at Sariakandi Bazar

Islami Bank Bangladesh Limited inaugurated its Agent Banking outlet at Sariakandi Bazar of Bogra recently. Dr. Md. Zillur Rahman, Chairman, Audit Committee of the bank inaugurated the outlet as chief guest while Abdul Mannan MP, was present as special guest.

10th AGM of Shahjibazar Power Co. Ltd

The 10th Annual General Meeting (AGM) of Shahjibazar Power Co. Ltd. was held at KIB Complex Auditorium, Krishi khamar Road, Farmgate, Dhaka Wednesday. Among others Rezakul Haider (Chairman), Feroz Alam (Managing Director), Anis Salahuddin Ahmad (Director) Md. Shamsuzzaman (Director), Mohammad Liaquat Ali (Independent Director), Faridul Alam, Asgar Haider, Yeasin Ahmed,...

Uttara branch of Shahjalal Islami Bank Securities Limited relocated

Uttara branch of Shahjalal Islami Bank Securities Limited was relocated to Anwar Complex, House-12, Road-14/C, Sector-4, Ward -1, Uttara Model Town, Uttara, Dhaka recently. The Chairman of Shahjalal Islami Bank Securities Limited, Anwer Hossain Khan inaugurated the relocated branch as the chief guest. Managing Director of Shahjalal Islami Bank Limited,...