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

Stocks rebound after three-day slump

Stocks bounced back on Wednesday, breaking a three-day losing spell, as institutional investors were slowly becoming active in the market.Market operators said investors showed their buying appetite on sector-specific issues, especially power and engineering sectors. After hitting the key index 18 months low on the previous day, the market opened...

Dhaka Bank to embrace massive digitisation

Dhaka Bank Limited is looking for massive digitisation of its banking procedures in the coming months, the top executive of the leading private commercial bank (PCB) said this week. The second generation PCB is aiming to automate a number of its core banking processes by the end of this year,...

Migrants' welfare fund to hold 95pc stake in PKB

The finance ministry has given its opinion in favour of allowing the migrants' welfare fund to hold a 95 per cent stake in the Probashi Kallyan Bank (PKB), sources said.To this effect, the ministry sent a letter to the Bangladesh Bank (BB) last week.The Specialised Bank Wing-2 under the Financial...

Aman Cotton publishes IPO lottery results

Aman Cotton Fibrous will allocate 8.33 million ordinary shares among the successful applicants as the company held IPO lottery draw on Wednesday.The initial public offering (IPO) lottery draw was held at 10:30am at The Institution of Engineers, Bangladesh in the city, officials said.The result has already been published on the...

Phoenix Finance approves 20pc cash dividend

Phoenix Finance & Investments Limited has approved 20 per cent cash dividend for its shareholders for the year ended on December 31, 2017 at the 23rd annual general meeting (AGM) of the company in the city recently, according to a statement.Chairman of the company Evana Fahmida Mohammad presided over the...

Delta Life Insurance re-elects chairman

Monzurur Rahman The board of directors of Delta Life Insurance Company Limited unanimously re-elected Monzurur Rahman as the chairman of the company at a meeting recently, according to a statement. He is also a sponsor director of the Company.Mr. Rahman has long 50 years' of experience in banking, insurance and...

Agrani Ins gets chair, vice chair

Sakhawat Hossain Zaker Ahmed The board of directors of Agrani Insurance Company Limited unanimously elected Quazi Sakhawat Hossain (Lintoo) as the chairman and Zaker Ahmed, FCA, as the vice chairman of the company at its 117th meeting recently, according to a statement. Quazi Sakhawat Hossain (Lintoo), a sponsor director of...

News Briefs--(5-7-2018)

Reshadur Rahman Dhaka Bank re-elects chairmanReshadur Rahman has been re-elected as the Chairman of the board of directors of Dhaka Bank Limited. He is a successful entrepreneur and associated with several other companies. Md. Amirullah has been elected as the new Vice Chairman of the board while Abdul Hai Sarker...

DSE/CSE News in Brief (5-7-2018)

DSE NEWSVenue of AGMIslami Insurance Bangladesh Limited: It is revealed from the annual report of the company that their 18th AGM will be held in Muktijodda Smriti Milonayoton, Institute of Diploma Engineers Bangladesh, IDEB bhaban, 160/A, Kakrail VIP Road, Dhaka at 10:30 AM on July 14, 2018. Other information will...