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

Stocks rebound after five-day slump

Though the market indices rebounded strongly Tuesday, turnover on the Dhaka Stock Exchange (DSE) came down to more than eight months low.Turnover, the crucial indicator of the market, fell 26 per cent to Tk 3.23 billion, compared to the previous session's Tk 4.40 billion.It was the lowest single-day transaction on...

Southeast Bank inks deal with BB

Southeast Bank Limited has signed an agreement with Bangladesh Bank under "Second Small and Medium Sized Enterprise Development Project". The agreement was signed at Jahangir Alam Conference Hall, Bangladesh Bank, Head Office, said a statement.M. Kamal Hossain, Managing Director, Southeast Bank Limited and Mr. Md. Abul Bashar, General Manager of...

Appollo to be the market leader in steel manufacturing

Appollo Ispat Complex Limited, one of the largest CI sheet manufacturers of the country, is going to introduce advanced and environment-friendly technology to enhance production portfolio and reduce cost. Appollo established RTF NOF-based galvanising technology at its existing plant site, located at Shimrail of Demra and it will reduce around...

DSE to hold election for a director March 20

An election for the post of a shareholder-director of Dhaka Stock Exchange (DSE) will be held on March 20, as a director will retire this year in line with the demutualisation scheme.This year, Md Shakil Rizvi will retire from the DSE board, officials said.The three-member election commission headed by the...

BSEC approves prospectus of VIPB Growth Fund

The securities regulator has approved the prospectus of VIPB Growth Fund, an open-end mutual fund.The approval came Tuesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).As per the BSEC approval, the initial size of the VIPB Growth Fund will be Tk 200 million.Of...

BHBFC gets 4 new GMs

Financial Institution Division has recently appointed Md. Abdul Hamid Khan, Arun Kumar Chowdhury, Chanu Gopal Gosh and Md. Atikul Islam as General Managers in Bangladesh House Building Finance Corporation (BHBFC), said a statement.Md. Abdul Hamid Khan obtained B.Sc in Civil Engineering from BUET in 1984 and MBA degree in 2008....

DSE agrees to sell shares to Shanghai-Shenzhen consortium

The Dhaka Stock Exchange (DSE) has agreed in principle to sell shares to Shanghai-Shenzhen consortium for strategic partnership of the demutualised bourse, DSE officials said.The decision was taken at a meeting of board of directors of the premier bourse held Tuesday at its board room.The China-based, Shanghai Stock Exchange and...

Premier Bank signs agreement with Bangladesh Bank

The Premier Bank Limited signed a participation agreement of $ 240 million with Bangladesh Bank under Small and Medium Sized Enterprise Development Project-2 (SMEDP-2) at Bangladesh Bank Head Office on Tuesday, said a press release.Managing Director & CEO (Acting) of The Premier Bank Limited M Reazul Karim, FCMA and General...

News Briefs-(7-02-2018)

CIAC opens Mr. Martin Kriegner, Member of Executive Committee of LafargeHolcim Group and Regional Head, Asia, recently inaugurated Concrete Innovation & Application Centre (CIAC) as a Service Renderer. CIAC- an independent concrete laboratory of Holcim Cement (Bangladesh) Limited (HBL) is approved by Bangladesh Accreditation Board. The inauguration took place at...

BSRM inks corporate agreement with BTI

BSRM has inked a corporate agreement with BTI recently at BTI office premises. Md. Abul Hasnat, Lead Branding & Market Outreach, Md. Zahiduzzaman, Lead Sales, Md. Mezannur Rahman, In-change Sales from BSRM and F. R. Khan, Managing Director, H. M. Tarikul Kamrul, Chief Operating Officer, Zartab Qaderi, General Manager, Brand...

Prime Insurance Company honoured as winner of SAFA award

Prime Insurance Company has been honoured as the winner (1st position) of South Asian Federation of Accountants (SAFA) award for the "Best Presented Annual Reports 2016" in the category of Insurance Sector among the SAARC countries. Mohammodi Khanam, CEO of Prime Insurance Company Ltd received the award from Shankar Prasad...

Withdrawal of AR

Royal Capital: Royal Capital Limited (TREC NO. CSE 053) has informed that they have withdrawn their authorised representatives Mr. Kamolesh Chandra Kundu, Mr. Jaker Hossan, Mr. Mohammad Balayet Hossen, Mr. Md. Kuddus Mia and Mr. Pijush Kanti Paul Chowdhury respectively with immediate effect. — CSE Online

Premier Bank Limited signs participation agreement of $ 240 million with Bangladesh Bank

The Premier Bank Limited signed a participation agreement of $ 240 million with Bangladesh Bank under Small and Medium Sized Enterprise Development Project-2 (SMEDP-2) at Bangladesh Bank Head Office on Tuesday. Managing Director & CEO (Acting) of The Premier Bank Limited M Reazul Karim, FCMA and General Manager (FID) of...

Managing Director & CEO of Farmers Bank addressing special deposit campaign

Md Ehsan Khasru, Managing Director & CEO of The Farmers Bank Limited addressing a special deposit campaign of the bank Tuesday. The bank engaged 200 officers from 56 branches under its newly-restructured scheme.

NRB Bank and Regent Airways exchanged documents after signing agreement

Md. Mehmood Husain, Managing Director & CEO of NRB Bank Limited and Hanif Zakaria, Chief Commercial Officer of Regent Airways exchanged documents after signing an agreement at the bank's Corporate Head Office recently for customer benefit on behalf of both the organisations. Under the agreement, NRB bank credit cardholders will...