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

Public Sukuk eligible to be listed on bourses

Sukuk, also known as Islamic principle-complaint bond, can be an effective financial tool in the country to attract investment from the people interested in shariah-based financial activities, experts said at a programme on Saturday.The observation came at the technical session of a two-day international workshop on 'Islamic Capital Market and...

Country's first pvt equity fund launched

LankaBangla Asset Management Company Ltd. (LBAMCL) launched the country's first Private Equity fund - LankaBangla 1st PE fund recently.LankaBangla Securities Ltd is the sponsor of the fund and Green Delta Insurance Company Ltd is the trustee.The fund size will be BDT 250 million with a tenure of 10 years. "This...

Livestock insurance coverage facility for cattle farmers

BRAC Bank Limited and Green Delta Insurance Company Limited have jointly launched Bangladesh's first ever livestock insurance coverage facility for the cattle farmers, said a statement.The initiative is supported by BFP-B (Business Finance for the Poor in Bangladesh) Challenge Fund, a project of DFID, and managed by NATHAN Associates, London....

ONE Bank, Jamuna Bank, Circle FinTech ink MoU

A tripartite agreement has recently been signed among ONE Bank Ltd., Jamuna Bank Limited and Circle FinTech Ltd. Under this agreement, OK Wallet, the Mobile Financial Services of ONE Bank Ltd., is going to be integrated with Digital Banking Platform of Jamuna Bank Ltd. Gazi Yar Mohammed, EVP & Head...

Mercantile Bank gets two DMDs

Shamim Ahmed Dr. Md. Nurul Islam Shamim Ahmed and Dr. Md. Nurul Islam have been promoted as Deputy Managing Director (DMD) of Mercantile Bank Limited. Prior to the promotion, Shamim Ahmed was the Senior Executive Vice President (SEVP) & Head of International Division while Dr. Md. Nurul Islam was the...

DSE Tower opens in October

FE ReportThe country's premier bourse is set to shift its office from Motijheel Exchange Building to newly-constructed building at Nikunja by October this year.The Dhaka Stock Exchange (DSE) has almost completed its 13-storied tower at Nikunja in the capital Dhaka.The DSE has sought Prime Minister Sheikh Hasina's appointment to open...

Foreign stakes rise in 10 listed companies in July

Some 10 listed companies saw rise in foreign stakes in July last compared to previous month.Of the companies, JMI Syringes & Medical Devices witnessed the highest rise in foreign stake. The foreigners had no share at JMI Syringes & Medical Devices at the end of June last.In July, the foreign...

DSE/CSE News in Brief (01-09-2019)

DSE NEWSBoard meetingKDS Accessories Limited: A meeting of the board of directors will be held on September 07, 2019 at 4:00 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.Credit RatingCoppertech Industries Limited: ARGUS Credit Rating Services Limited (ACRSL) has...

Md Obayed Ullah Al Masud (4th from left, front row), the newly appointed Managing Director and

Md Obayed Ullah Al Masud (4th from left, front row), the newly appointed Managing Director and CEO of Rupali Bank Limited, paying homage to Father of the Nation Bangabandhu Sheikh Mujibur Rahman placing a wreath at his grave in Tungipara upazila of Gopalganj district on Friday.

Peoples Ins holds discussion, doa mahfil

Peoples Insurance Company Limited organised a discussion and doa mahfil marking the 44th death anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman in the city recently, said a statement.The programme was presided over by Jafar Ahmed Patwari, Chairman and conducted by Sib Sankar Saha, FLMI-I (LOMA), FCA, Managing...

SCB holds 9th board meeting

The 9th board meeting for the term 2018 & 2019 of Shippers' Council of Bangladesh (SCB) was held at the SCB conference room in the city on Saturday under the Chairmanship of Md. Rezaul Karim, said a statement.The meeting reviewed the existing problems and other issues connected with country's export...