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

Square Textiles posts 27pc revenue growth

Square Textiles has posted a 27 per cent growth in revenue year-on-year in 2017-18 due to increase of production capacity.At standalone level, the company's revenue stood at Tk 6,367.12 million in the fiscal year 2017-18 compared with Tk 5,020.43 million in the previous fiscal. The company installed 4,500 tonnes per...

Ten cos rule the roost

Stocks posted marginal gain Sunday, the first day of this month, snapping a two-day losing streak, as investors showed their buying appetite on sector-wise shares.Market analysts said investors took position on sector specific issues as some companies showed better earnings for the year ended on December 31, 2018."The market started...

Runner Automobiles' IPO lottery draw today

Runner Automobiles will hold IPO lottery draw today (Monday) to allocate 13.93 million ordinary shares among the successful applicants.The initial public offering (IPO) lottery will be held at 10:30am at the AGB Colony Community Center at Motijheel in Dhaka.After the event, result will be published on the websites of Dhaka...

IPO subscription of Coppertech to open March 31

The public subscription of Coppertech Industries is set to begin on March 31, officials said.The company will raise a fund worth Tk 200 million through initial public offering (IPO) using the fixed price method.The company's IPO subscription will be opened until April 09 for resident and non-resident Bangladeshis.The securities regulator...

Marico to invest Tk 294m for capacity expansion

The board of directors of Marico Bangladesh has decided to invest Tk 294 million from the available funds of the company.The multinational company will invest the said amount for expansion the capacity at its factory locations at Mouchak and Shirirchala, said an official disclosure on Sunday.Marico Bangladesh, which was listed...

Seminar on IT held in Khulna

A day-long seminar was held in Khulna recently highlighting the new career opportunities in the IT and ITES sector in Bangladesh. NextGen IT Business, Innovadeus Pvt. Ltd and Ezzyr Technologies Ltd arranged the event, attended by IT professionals and experts, said a statement. G.M. Mostakim Billah, Founder and Lead Web...

BRAC Bank employees donate books to underprivileged kids

The employees of BRAC Bank Limited have come forward to light up the curious minds of underprivileged children by donating them with books. BRAC Bank partnered with globally recognized NGO, Teach For Bangladesh, also a valued employee banking customer of the bank, to launch a book collection campaign at the...

News Briefs(04-03-2019)

'SEML FBLSL Growth Fund' makes debut todayTrading of the units of 'SEML FBLSL Growth Fund,' a closed-end mutual fund, will commence on both bourses today (Monday) under 'A' category. Trading code for the growth fund is "SEMLFBSLGF" on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), according to...

Mercantile Bank arranged a Town Hall Meeting of Chattagram Zone

Mercantile Bank Limited arranged a Town Hall Meeting of Chattagram Zone at Agrabad Branch in Chattagram recently. Bank's Managing Director & CEO Md. Quamrul Islam Chowdhury was present as the chief guest on the occasion and delivered his speech highlighting reducing non-performing loan, future planning, deposits and ensuring customer care....

Md. Shafiqur Rahman Patwary

Md. Shafiqur Rahman Patwary, chairman of Insurance Development & Regulatory Authority (IDRA), Zakiullah Shahid, Chairperson of Board of Directors of Prime Insurance Company Limited and Mohammodi Khanam, Managing Director & CEO seen at the opening ceremony of the online facilities of payment for motor certificate and overseas mediclaim policy, launched...

Pubali Bank honoured with plaque entitled `Top Ten Remittance Award'

Pubali Bank Limited has been honoured with plaque entitled `Top Ten Remittance Award' for remarkable support service to increase the flow of inward foreign remittance and 'Financial Branding Award 2018' for outstanding services and participation to increase the economic image of the country in abroad from the Centre for Non-Resident...

Agrani Bank won `Best Remittance Award'

Agrani Bank Limited won `Best Remittance Award' among the state-owned commercial banks for remarkable support service to increase the flow of inward foreign remittance from the Centre for Non-Resident Bangladeshis (NRBs). Mohd Shamsul-Ul Islam, Managing Director and CEO of the bank received the award from M A Mannan MP, Planning...

IBBL organises a business development conference

Islami Bank Bangladesh Limited organised a business development conference for agent banking of its Chattagram region at Islami Bank Training & Research Academy at Agrabad on Saturday. Mohammed Monirul Moula, Additional Managing Director of the Bank, inaugurated the day-long conference as chief guest. Md. Amirul Islam, Senior Executive Vice President...