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

Linde to pay record dividends out of fund from sale of subsidiary

Linde Bangladesh has declared a record 4,100 per cent interim cash dividend for January-July this year based on audited financial reports for the period.This is the highest ever cash dividend declared by any company listed in Bangladesh's stock market, market operators said.The dividend will be paid out of capital gains...

3 new independent directors have conflict of interest: DBA

The DSE Brokers Association (DBA) has requested the securities regulator to reconsider the recent appointment of independent directors to the board of the Dhaka bourse, raising concerns over "conflict of interest". The DBA on Thursday sent a letter in this regard to the chairman of the Bangladesh Securities and Exchange...

New UCB board scraps plan of growth fund

The new board of directors of United Commercial Bank (UCB) on Thursday scrapped the three-month-old plan of a Tk 500 million investment in a close-ended mutual fund. The previous board had made the investment plan.The UCB was controlled by former land minister Saifuzzaman Chowdhury Javed and his family. The Bangladesh...

Sonali Bank new chairman joins board meeting

Newly-appointed Chairman of Sonali Bank PLC Mohammad Muslim Chowdhury joined a meeting of the Board of Directors at the head office on Thursday, says a press release. Bank's CEO & MD Md. Afzal Karim greeted the Chairman on behalf of employees of the bank with a bouquet. Deputy Managing Direc-tors,...

BRAC BANK TO PROVIDE CASHLESS BANKING SOLUTIONS TO MEDITERRANEAN SHIPPING COMPANY

BRAC Bank has entered a strategic partnership with the Mediterranean Shipping Company (MSC), the world's largest container shipping company, to support its cashless transformation initiatives. The bank has deployed Real-Time Cash Deposit Machines at MSC's Dhaka and Chattogram offices. In addition, BRAC Bank is delivering a range of tailored financial...

INAUGURATION CEREMONY OF BAGERHAT BRANCH OF MODHUMOTI BANK

Modhumoti Bank inaugurated its 51st branch at Bagerhat on Thursday. Humayun Kabir, chairman of the board of directors of the bank inaugurated the branch through a virtual platform. Salahuddin Alamgir, chairman of the executive committee of the board of directors of Modhumoti Bank, Md Shafiul Azam, managing director and CEO...

EXECUTIVE COMMIITTEE MEETING OF SHAHJALAL ISLAMI BANK

The 880th meeting of Shahjalal Islami Bank's executive committee was held on Wednesday at the Corporate Head Office of the bank. Akkas Uddin Mollah, the EC chairman of the bank presided over the meeting. The committee also discussed investment. Among others, the Vice-Chairman Mr. Fakir Akhtaruzzaman, the director of the...

NRBC Bank partners with Placid Express, USA

With a view to expanding the range of remittance services, NRBC Bank PLC signed an agreement with Placid Express, USA, a US-based remittance company, at the bank's head office in the city on Wednesday. Kabir Ahmed, Deputy Managing Director of NRBC Bank, and Mohammed Rashid, Director of Placid Express, USA...

AL-ARAFAH ISLAMI BANK OPENS 224th BRANCH AT CHANDPUR

Al-Arafah Islami Bank (AIB) PLC opened its 224th branch in Chandpur on Thursday. Managing Director and CEO of the bank Farman R Chowdhury inaugurated the new branch as the chief guest.

Bank Asia holds Shariah Supervisory Committee meeting -

The 47th meeting of Bank Asia Shariah Supervisory Committee was held at the Bank Asia Tower, Karwan Bazar, Dhaka recently. Chairman of the reconstituted Shariah Supervisory Committee Mufti Shahed Rahmani, Member Secretary Maulana Shah Mohammad Wali Ullah, Faqih Member Maulana Muhammad Mufazzal Hussain Khan and Dr Muhammad Ismail Hossain were...

Social Islami Bank holds board meeting

The 517th board meeting of Social Islami Bank PLC was held at its head office in the city on Thursday. Prof Dr M Sadiqul Islam, Chairman of the board, presided over the meeting. Other directors of the bank Major (Retd) Dr Md Rezaul Haque, Maksuda Begum, Md Anwar Hossain, and...

National Bank launches 'Nischinto Oboshor'

National Bank Limited (NBL) officially launched a new product titled 'Nischinto Oboshor' at its head office on Thursday. The 'Nischinto Oboshor' launching programme was officially inaugurated by Md Touhidul Alam Khan, Managing Director & CEO of the bank, as chief guest. NBL Deputy Managing Directors Sheikh Akhter Uddin Ahmed, Imran...

Foreign investors struggle to keep up with India's rise

SINGAPORE, Sept 5 (Reuters): India's stock market rally is ramping up its index weighting and creating a dilemma for global fund managers: sit back and watch as their relative exposure shrinks while the market grows, or buy in at increasingly eye-watering prices.Most find the latter uncomfortably risky and are seeking...

Tesla shares gain on plans to launch Full Self-Driving in Europe, China

Tesla shares rose 2.5 per cent on Thursday after the electric automaker stuck to its plans to roll out the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators in the regions, reports Reuters.This comes about a month ahead of the company's unveiling of...

Falling rates offers scant shelter from property storm

NEW YORK/LONDON, Sept 5 (Reuters): Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief from the gradual easing of borrowing costs, with scant hope of a return to the free money that fuelled a boom.The multi-trillion dollar industry, which thrived in...