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

DSEX reclaims 6,000 level

The benchmark index of the Dhaka Stock Exchange (DSE) rose above the 'psychological' level of 6,000 points again on Wednesday, as investors renewed their appetite for financial stocks in late-hour trading.Having swung between the red and green zones several times, the DSEX closed the session 25.67 points or 0.42 per...

Bata Shoe posts loss per share of Tk 96.94

Bata Shoe Company (Bangladesh), for the first time in its business history, has incurred a huge loss for the year ended on December 31, 2020, as sales collapsed amid the coronavirus pandemic.The multinational footwear maker's net loss stood at Tk 1.32 billion for the year ended on December 31, 2020...

Mercantile Bank celebrates 22nd anniversary

Mercantile Bank Limited celebrated the 22nd anniversary of the bank at its head office on Wednesday. The bank's Chairman Morshed Alam, MP inaugurated the programme by cutting a cake. At the same time, he officially launched 'MBL Rainbow', a mobile app-based banking service of Mercantile Bank. Customer can download the...

Modhumoti Bank holds 32nd audit committee meeting

The 32nd meeting of the audit committee of the board of directors of Modhumoti Bank Limited was held on Tuesday with assistance of Zoom technology. The meeting was presided over by Shaikh Salahuddin, MP, Chairman of Audit Committee, and Vice-Chairman of the board of directors of Modhumoti Bank Limited. Among...

A team comprising Mohammed Monirul Moula,

A team comprising Mohammed Monirul Moula, Managing Director & CEO, Islami Bank Bangladesh Limited, Safiul Alam Khan Chowdhury, Managing Director & CEO, Pubali Bank Limited, Tanzim Alamgir, Chief Executive Officer of UCB Investment Limited, and Md. Akhter Hossain, Deputy Managing Director, Shahjalal Islami Bank Limited, and other representatives from respective...

Two more insurers declare dividend

Two more general insurers -- Asia Insurance and Global Insurance Company -- have declared dividend for the year ended on December 31, 2020.Global Insurance: The Global Insurance has recommended 10 per cent cash dividend for the year ended on December 31, 2020. The AGM will be held on August 14...

Evaly delivers Samsung products to 0.1m families in five months

In the last five months, the local e-commerce marketplace Evaly.com.bd has delivered various types of consumer electronics products comprising Samsung brand TVs, refrigerators, washing machines and ACs to at least 0.1 million households in the country with less than a month to go before half-year. Evaly's customers in different parts...

Global Islami Bank appoints issue manager for its IPO

Global Islami Bank Limited has appointed Prime Bank Investment Limited and LankaBangla Investments Limited as its issue manager for issuing shares for the general people through initial public offering (IPO), says a statement.Syed Habib Hasnat, Managing Director of the bank, Khandoker Raihan Ali FCA, Chief Operating Officer of Prime Bank...

SIBL disburses agri finance to mango cultivators

Social Islami Bank Limited (SIBL) has recently distributed agri finance at 4.0 per cent profit rate among mango cultivators of Kalaroa, Satkhira. Under the incentive package of Bangladesh Bank, Satkhira Branch of SIBL disbursed agri finance among 50 mango cultivators of Kalaroa at a programme, jointly arranged by Solidaridad Network...

Asia factory activity expands in May

Asia's factory activity continued to expand in May thanks to an ongoing recovery in global demand, surveys showed on Tuesday, though rising raw material costs and supply chain constraints clouded the outlook.A spike in COVID-19 infections in some countries could disrupt supply chains, posing a headache for manufacturers and weighing...

342nd board meeting of Standard Bank

The 342nd board meeting of Standard Bank Ltd was held on Monday through a digital platform. Chairman of the Board of Directors Kazi Akram Uddin Ahmed presided over the meeting. Managing Director & CEO Khondoker Rashed Maqsood, Additional Managing Director Md. Touhidul Alam Khan, Deputy Managing Director Mohammad Rafiqul Islam...

FBCCI President Md Jashim Uddin -

Matiur Rahman, President of Bangladesh Motorcycle Assemblers and Manufacturers Association (BMAMA) and Chairman of Uttara Motors, along with Biplob Kumar Roy, Executive Officer of TVS Auto Bangladesh Limited, Md Aminur Rahman, Coordinator, Runner Group, and others paid a courtesy call on newly elected FBCCI President Md Jashim Uddin and greeted...

First Security Islami Bank presented 150 umbrellas to Dhaka Metropolitan Police

First Security Islami Bank Limited presented 150 umbrellas to Dhaka Metropolitan Police, Gulshan Division, so that police personnel can provide uninterrupted services during the rainy season. Syed Waseque Md. Ali, Managing Director of the bank, handed over the umbrellas to Sudeep Kumar Chakraborty, Deputy Commissioner of Dhaka Metropolitan Police, Gulshan...

Cyber attack on meatpacker JBS likely from Russia: US

CHICAGO, June 02 (Reuters): Brazil's JBS SA told the US government that a ransomware attack on the company originated from a criminal organisation likely based in Russia, reports Reuters.White House said that Monday's cyberattack disrupted meat production in North America and Australia.JBS, the world's largest meatpacker, said on Tuesday night...

DSE/CSE News in Brief (03-06-2021)

Disbursement of dividend Mercantile Bank Ltd: The bonus shares of the company for the year ended on December 31, 2020 have already been credited through CDBL to the respective shareholders' BO accounts and it has also disbursed the cash dividend to the respective shareholders.Board meetingsIslami Insurance Bangladesh Ltd: A board...