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

BSEC approves 'alternative investment' draft rules

The securities regulator has approved the Bangladesh Securities and Exchange Commission (Alternative Investment) draft Rules, 2016 after some amendment.The BSEC move will help promote venture financing and equity investment facilities for non-listed local firms, sources concerned said.The approval came on Tuesday in a commission meeting.BSEC said (Alternative Investment) draft Rules,...

ICC-B president off to Bangkok

ICC Bangladesh president Mahbubur Rahman left Dhaka on Tuesday for Bangkok to attend UN-ESCAP Second Regional Workshop on Innovative Climate Finance Mechanisms for Financial Institutions in the Asia Pacific Region.The two-day event begins in the Thai capital today (Wednesday), said a statement.Mr. Mahbubur Rahman will speak in the inaugural session...

New Head of Business of Shimanto Bank

Arab Fazlur Rahman Mr. Arab Fazlur Rahman has joined Shimanto Bank as Senior Executive Vice President (SEVP) & Head of Business, said a statement. Mr. Rahman is a senior banking professional with around 25 years of multi-functional experience in Asia and Africa. His last assignment was in Standard Chartered Bank,...

Stocks edge up riding on bank, power shares

The daily trade turnover on the prime bourse fell below Tk 6.0 billion-mark again on Tuesday, hitting more than two months low, as investors were reluctant to make fresh investment in stocks.Turnover, an important indicator of the market, stood at Tk 5.75 billion on the country's premier bourse, slumping by...

Chinese version of Nasdaq launched to reform capital market

China's top securities regulator on Friday released regulations on the science and technology (sci-tech) innovation board, a major step the country takes to reform its capital market.The regulations, to be implemented on a trial basis, took effect on Friday, according to the China Securities Regulatory Commission (CSRC).The launch of the...

Linde BD declares 375pc cash dividend

The board of directors of Linde Bangladesh has recommended 375 per cent cash dividend for the year ended on December 31, 2018.The final approval of dividend will come during the annual general meetings (AGM) scheduled to be held on April 30. Time and venue of the AGM will be notified...

NCC Bank to issue Tk 7.0b bond

The board of directors of NCC Bank has decided, in principle, to issue non-convertible subordinated bond of Tk 7.0 billion, said an official disclosure on Tuesday.The bank will issue bond for raising fund to have regulatory capital support of the bank under Tier 2 category of BASEL III, according to...

Nasrul Hamid

Nasrul Hamid, State Minister for Ministry of Power, Energy & Mineral Resources, and Hiroyasu Izumi, Ambassador of Japan seen, in the opening ceremony of a branch office of Mitsubishi Hitachi Power Systems Ltd (MHPS) in Dhaka on Tuesday. The new office will enhance service capabilities for the country's thermal power...

"Celebrating Partnership"

Prime Bank hosted an event titled "Celebrating Partnership" to recognize leading corporate houses and business groups of the country recently at Intercontinental Dhaka. Azam J Chowdhury, Chairman of the Board of Directors, Directors, Rahel Ahmed, Managing Director & CEO of the Bank, and renowned industrialists & businessmen were present on...

Mercantile Bank organises a day long training course

Mercantile Bank organised a day long training course titled "Customer Service and Complaint Management" at its Training Institute in Dhaka recently. Concerned officers from customer service desk of various branches and divisions of the head office participated at the training programme. Mati Ul Hasan, Additional Managing Director & CRO, Md....