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

Revenue collection from DSE thrives 84pc in April

The government's tax collection from the prime bourse jumped 84 per cent month-on-month in April riding on shares sales by sponsor-directors and placement holders.Market analysts said higher shares sale by sponsor-directors and placement holders in April kept the government earnings afloat despite trading activities fell sharply. According to statistics available...

Stocks end lower after three days

Stocks slipped into the red on Monday, snapping a three-day gaining streak, as risk-averse investors opted for quick-profit on major sectors' shares.Brokers said the market faced selling pressure as investors remained mostly busy with booking quick-profit on stocks which saw price surged in the past three days rally.The retail investors...

Fortune Shoes tops DSE turnover chart

Top ten-traded firms captured more than 28 per cent transaction of the Dhaka Stock Exchange (DSE) on Monday while Fortune Shoes topped the chart.Market analysts said investors showed their appetite on Fortune Shoes shares after the company posted a 35 per cent earnings growth in January-March, 2019 quarter.The company's earnings...

New Chairman of IFIL

Janab Anwar Hossain Chowdhury has been elected as the Chairman of Board of Directors of Islamic Finance and Investment Limited (IFIL). The decision was made in the 251st meeting of IFIL held on Sunday. Prior to that he was the Chairman of Executive Committee of IFIL. Janab Anwar Hossain Chowdhury...

US stocks futures tumble on Trump trade threat on China

NEW YORK, May 6 (AFP): Wall Street stocks sank early Monday, joining most global bourses in tumbling as US President Donald Trump threatened new tariff measures on China.About 25 minutes into trading, the Dow Jones Industrial Average stood at 26,182.21, down 1.2 percent.The broad-based S&P 500 also shed 1.2 percent,...

New Chairman of Central Ins

Mr. Mohammed Musa and Mr. Zoynal Abedin Chowdhury were elected Chairman and Vice-Chairman respectively of Central Insurance Company Ltd. They have been elected for two years. Mr. Mohammed Musa is a leading businessman of the country. He is Managing Director of Madina Garments Limited and Executive Director of Silkway Fashion...

News Briefs (07-05-2019)

UCB opens special service counter for Chinese nationals in BangladeshUnited Commercial Bank Limited (UCB) inaugurated special service counter for Chinese nationals in Bangladesh at the corporate office of the bank on Monday. Li Guangjun, Economic and Commercial counsellor of Embassy of People's Republic of China in Bangladesh graced the event...

Li Guangjun

Li Guangjun, Economic and Commercial counsellor of Embassy of People's Republic of China in Bangladesh, and Mohammed Shawkat Jamil, Managing Director of United Commercial Bank Limited, seen at the inauguration of UCB special service counter for Chinese nationals in Bangladesh

46th Annual General Meeting of Linde Bangladesh

The 46th Annual General Meeting of Linde Bangladesh was held recently at the Police Convention Hall, Eskaton Garden in the city. Ayub Quadri, Chairman of the Company, presided over the meeting. Directors Moloy Banerjee, Indranil Baghchi and Rupali H Chowdhury were present at the meeting. Mohsin Uddin Ahmed, Managing Director...

First Security Islami Bank sponsored Sajid Bin Mahamud

First Security Islami Bank sponsored Sajid Bin Mahamud to participate in the International Public Speaking Competition-London Meet this year. The event will be held during 13-17 May in London and competitors of 60 countries are going to participate in the competition. Syed Waseque Md. Ali, Managing Director, First Security Islami...

20th Annual General Meeting of Nitol Insurance Company

The 20th Annual General Meeting of Nitol Insurance Company Limited was held at Spectra Convention Centre in the city on Sunday. A.K.M. Monirul Hoque, Chairman & Founder Chairman of the Company, and Vice President of Bangladesh Insurance Association (BIA), presided over the meeting. The meeting approved 15 per cent cash...