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

Most banks' EPS see higher growth in H1

Earnings per share (EPS) of 73 per cent listed banks increased in first half (H1) of January-June 2019 period compared to the same period of the previous year.EPS is the portion of a company's profit allocated to each outstanding share of common stock. In short, it serves as an indicator...

MTB launches co-branded Credit Card for Apex Rewards Gold Members

Mutual Trust Bank Limited (MTB) and Apex Footwear Limited have recently signed a MoU and launched an exclusive MTB-Apex Rewards VISA Platinum credit card for Apex Rewards Gold members at MTB Centre, the bank's Corporate Head Office, Gulshan 1 in the city. Syed Nasim Manzur, Managing Director, Apex Footwear Limited...

ACI to set up joint-venture company with Danish CO-RO

ACI Limited will set up a joint-venture company with renowned Danish juice manufacturing company CO-RO A/S, said an official disclosure on Wednesday.In this regard, the board of directors of the ACI has approved a joint-venture arrangement to form and establish a joint-venture company with CO-RO A/S named -- ACI CO-RO...

LHBL posts 46pc growth in net profit in Q2

Leading cement manufacturer LafargeHolcim Bangladesh (LHBL) posted a significant increase in profits in the second quarter of the current year. Its net profit increased by 46 per cent during the period (April-June 2019) compared to the same quarter of last year. The company earned BDT 4,500 million revenue during this...

Stocks post marginal gain

Stocks posted modest gain on Wednesday, after a single-day break, supported by institutional investors.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 13.76 points or 0.26 per cent to settle at 5,138.Market analysts said bargain hunting share purchase coupled with institutional investors' support helped the market...

Ring Shine Textile's subscription opens on Aug 25 to raise Tk 1.50b

The public subscription of Ring Shine Textiles Ltd is set to begin on August 25, aiming to raise a capital worth Tk 1.50 billion from the stock market.The company's initial public offering (IPO) subscription will continue until September 9, officials said.The Bangladesh Securities and Exchange Commission (BSEC) approved the company's...

Asia markets down as latest US-China trade talks wrap up

HONG KONG, July 31 (AFP) - Asia markets were down Wednesday as the latest round of US-China talks on their bruising yearlong trade war came to an end in Shanghai.Washington and Beijing have so far hit each other with punitive tariffs covering more than $360 billion in two-way trade.US Trade...

News Briefs (01-08-2019)

MPS puts thrust on implementation of public issue rulesThe central bank has laid importance on proper implementation of the recent changes, made by the securities regulator in public issue rules, to overcome the manipulation trend, perpetrated by a section of market players. The Bangladesh Bank (BB) gave emphasis on the...

China tech firm eyes IPO for gay dating app Grindr

BEIJING, July 31 (AFP): The Chinese parent company of the popular gay dating app Grindr on Tuesday said it will "restart" plans for a public listing after a US national security panel dropped its opposition to the move.US authorities had earlier raised concerns about the potential misuse of the app's...

51st Foundation Training Course

A Rouf Chowdhury, Chairman of Bank Asia Ltd, attended the concluding ceremony of 51st Foundation Training Course for the bank's officers as the chief guest recently

M Reazul Karim

M Reazul Karim (FCMA), (left) Managing Director & CEO of Premier Bank Limited, and Dr. Md. Abdul Mannan PAA, Project Director (Joint Secretary), a2i Programme, exchanging documents of an agreement under which Premier Bank Limited will run their agent banking operation from selected Union Digital Center (UDC) nationwide

MJL Bangladesh Limited

MJL Bangladesh Limited (Strategic Alliance Partner of ExxonMobil) organized Mobil Partners' Meet 2019 in InterContinental Dhaka on Tuesday. Azam J Chowdhury - Chairman, East Coast Group and Managing Director, MJLBL; M. Mukul Hossain - CEO, MJLBL and Salahuddin Ahmed - GM, MJLBL along with the best performing distributors of MJLBL...

2nd Foundation Training Course

Md. Mehmood Husain, Managing Director & CEO of NRB Bank Limited, poses with the participants of the 2nd Foundation Training Course of the Bank, inaugurated at the Bank's Learning & Development Center, Dhaka on Tuesday

A T M Tahmiduzzaman

A T M Tahmiduzzaman, SEVP & Head of MFS (Ucash), UCB and Provash Chandra Roy, General Manager, Marketing & VAS, Teletalk Bangladesh Ltd. exchanging documents of an agreement. Mohammed Shawkat Jamil, Managing Director & CEO of UCB and Md. Shahab Uddin, Managing Director of Teletalk Bangladesh Ltd. seen. Under this...