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

CSE turnover hits eight-year high riding on block trade

Stocks finished marginally higher on Sunday as some investors were active on sector-wise stocks in the last trading session of July-September quarter.Analysts said that although the market edged up, investors mostly remained cautious amid rising political tension ahead of the national election.The investors were also eyeing on the BNP's rally...

Olympic industries to import cap machinery

The board of directors of Olympic Industries has decided to import capital machinery worth Tk 136.87 million for enhancing the production capacity.The company will import a wafer manufacturing line, complete with ancillary machinery, from Franz Haas Waffelmaschinen Gmbh, Austria, at an estimated cost of Tk 125.45 million, according to a...

Unique Hotel joins consortium to invest in 600MW power plant

A consortium, led by Unique Hotel & Resorts, will set up a 600 megawatt power plant to be based on gas or regasified liquefied natural gas (RLNG) at Meghnaghat of Narayanganj.The board of directors of Unique Hotel has decided to pay Tk 2.72 billion as equity in advance to Unique...

Standard Bank signs deal with NDE

Standard Bank Limited (SBL) signed an agreement with National Development Engineers Limited (NDE) for construction of its Corporate Head Office building on Sunday, according to a statement. Chairman of the bank Kazi Akram Uddin Ahmed was present as the chief guest at the signing ceremony at the bank's head office....

IFAD Autos, BSCCL declare dividend

The board of directors of two more listed companies - IFAD Autos and Bangladesh Submarine Cable Company Limited (BSCCL) - have recommended dividend for the year ended on June 30, 2018.IFAD Autos: The board of directors of IFAD Autos has recommended 22 per cent cash dividend for the shareholders (excluding...

FSIB sponsors book fair

First Security Islami Bank Limited (FSIB) sponsored the '4th Non Fiction Book Fair 2018' which was inaugurated at the University of Dhaka on Sunday, according to a statement. The fair was jointly organised by Banik Barta and Faculty of Business Studies, University of Dhaka. Prof. Dr. Akhtaruzzaman, Vice-Chancellor, Dhaka University...

News Briefs-(30-9-2018)

Farman R Chowdhury Al-Arafah Bank gets new CEOProminent banker Farman R Chowdhury joins Al-Arafah Islami Bank Limited as Managing Director & CEO today (Monday). Prior to his joining the bank, he was the Managing Director & CEO of Shahjalal Islami Bank Limited and ONE Bank Limited and served there five...

Mercantile Bank Chairman A.K.M. Shaheed Reza inaugurating an Art & Craft Fair

Mercantile Bank Chairman A.K.M. Shaheed Reza inaugurating an Art & Craft Fair of the Society for the Welfare of Autistic Children (SWAC) in the capital on Saturday when the bank's Managing Director & CEO Kazi Masihur Rahman and SWAC Chairperson Suborna Chakma were present

Commerce Minister Tofail Ahmed inaugurating the 5th anniversary celebration programme of Modhumoti Bank

Commerce Minister Tofail Ahmed inaugurating the 5th anniversary celebration programme of Modhumoti Bank Limited recently at a city hotel where Deputy Minister for Environment, Forest and Climate Change Abdullah Al Islam Jakob, the bank's Chairman Humayun Kabir, directors and senior executives were present

DSE/CSE News in Brief (1-10-2018)

DSE NEWSBonus share Sunlife Insurance Company Ltd.: The company has informed that the bonus shares of the company for the year ended December 31, 2017 have already been credited through CDBL to the respective shareholders' BO A/Cs on September 27, 2018.Board meetingGeneration Next Fashions Limited: The company has informed the...

Chairman of Shippers' Council of Bangladesh (SCB) Md. Rezaul Karim presiding over the 5th board meeting

Chairman of Shippers' Council of Bangladesh (SCB) Md. Rezaul Karim presiding over the 5th board meeting for the term 2018 & 2019 of the council in the city on Sunday where Senior Vice Chairman Ariful Ahsan and Vice Chairman Md. Munir Hossain were present