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

IDLC to expand its footprint into housing finance

The International Finance Corporation (IFC), the private investment arm of the World Bank, has proposed to provide up to $40 million in senior financing in IDLC Finance Ltd (IDLC), the largest non-banking financial institution in Bangladesh.In a pre-investment disclosure, IFC said the proceeds, which will be in Bangladeshi Taka equivalent,...

Eastland Ins holds 182nd board meeting

The 182nd meeting of the Board of Directors of Eastland Insurance was held on Monday at company's head office.Mr. Mahbubur Rahman, Chairman of the Board presided over the meeting, said a statement.The Board among, other issues accorded approval for settlement of 23 cases of claims amounting to Tk. 33,46,824 which...

Stocks bounce back on DSE

Stocks rebounded Tuesday, after single-day break, largely supported by Grameenphone, the largest market cap company shares.Brokers said the market rose after previous day's correction largely supported by GP and Square Pharmaceuticals, the second largest market cap issue.Share prices of GP, which accounted for more than 19 per cent of the...

Monno Ceramic leads turnover chart

Ten top-traded companies accounted for nearly 21 per cent of transactions on the country's major bourse on Tuesday. Monno Ceramic Industries dominated the list.Brokers said the investors were active in buying Monno Ceramic shares throughout the trading session amid positive expectations.According to statistics available with the DSE, about 763,907 shares...

BATBC recommends 600pc cash dividend

British American Tobacco Bangladesh Company (BATBC) has recommended 600 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure on Tuesday.The final approval of this dividend will come during the annual general meeting (AGM) scheduled to be held on April 17 at 10:30am at...

EBL signs deal with Pathao

M. Khorshed Anowar, Head of Business, Retail Banking of Eastern Bank Limited (EBL) and Hussain M. Elius, CEO, Pathao exchanging documents after signing an agreement on behalf of their respective organisations in the city recently, according to a statement.EBL cardholder are offered 40 per cent discount during the first use...

IMCB holds 17th AGM

The 17th Annual General Meeting (AGM) of Institute of Management Consultants Bangladesh (IMCB) was held recently.M. Zakir Hossain, Chief Executive of Young Consultants was elected the chairman, while Md. Zahidur Rahman, Director, Associates for Development Services Ltd. (ADSL) has been elected the president of the newly-formed 14-member Executive Committee for...

News Briefs--(07-03-2018)

Raj Lanka Power to go publicGreen Delta Capital Limited (GDCL) and Raj Lanka Power Company Limited (RLPCL) Tuesday entered into an Issue Management Agreement for issuance of IPO in Bangladesh under Book Building Method. Rajlanka Power Company Limited (RLPCL) is a subsidiary of Lakdhanavi Ltd (LAK) of Sri Lanka which...

DSE/CSE News in Brief (07-03-2018)

DSE NEWSCredit rating resultPurabi Gen. Insurance Company: Alpha Credit Rating Limited (AlphaRating) has rated Purabi Gen. Insurance Company Ltd. as "A" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the company as on December 31, 2016 and...

Saudi, Qatar stocks rebound

DUBAI, Mar 06 (Reuters): Gulf stock markets were mixed on Tuesday as some markets such as Saudi and Qatar took heart from a rise in global stocks and oil prices, while Abu Dhabi's stock market dropped 2 per cent as First Abu Dhabi Bank went ex-dividend.Qatar stock market rose 0.7...

GDCL and RLPCL enters into Issue Management Agreement

Green Delta Capital Limited (GDCL) and Raj Lanka Power Company Limited (RLPCL) Tuesday entered into an Issue Management Agreement for issuance of IPO in Bangladesh under Book Building Method. Md. Rafiqul Islam, Managing Director & CEO of Green Delta Capital Limited and U Gamini Sarath, Director of Raj Lanka Power...

Islami Bank Bangladesh Limited Dhaka North Zone organises client get together

Islami Bank Bangladesh Limited Dhaka North Zone organised a client get together on the occasion of Cash Waqf Campaign at Nikunja Branch, Dhaka on Monday. Major General (Rtd.) Engr. Abdul Matin, Chairman, Executive Committee of the bank attended the programme as Chief Guest while Mohammad Ali, Deputy Managing Director and...

Prime Bank Limited became PFI for refinance programme of SMEDP2

Prime Bank Limited became Participating Financial Institution (PFI) for refinance programme of SMEDP2 (Small and Medium Enterprise Development Project 2) implemented by Financial Inclusion Department (FID) of Bangladesh Bank. Abul Bashar, GM of FID, Bangladesh Bank and Syed M Omar Tayub, EVP and Head of MSME Banking Division, Prime Bank...

Bangladesh Dental Society celebrated World Dentist's Day

Unilever Bangladesh's oral care brand Pepsodent and Bangladesh Dental Society celebrated World Dentist`s Day through various activities in the capital's Krishibid Institute Tuesday.