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

Stocks dip on political jitters

Stocks returned to the red amid choppy trading Wednesday, as investors were closely eyeing on the political front ahead of Zia Orphanage Trust graft case verdict.Market operators said the market witnessed a volatile session on the back of investor skepticism regarding the political scenario centering the verdict in the Zia...

IPDC Finance to issue rights

The board of directors of IPDC Finance has decided to raise the paid-up capital by issuing rights shares, according to an official disclosure on Wednesday.The rights issue is an offer of new shares by a company to its existing shareholders in proportion to the shares they already own and usually...

Two companies change category

Two listed companies - Nahee Aluminum Composite Panel and Makson Spinning Mills - have changed their category effective from today (Thursday) as they reported disbursement dividend for the year ended on June 30, 2017.Nahee Aluminum will be placed in "A" category from existing "N" category while Makson Spinning will be...

Jamuna Oil approves 110pc div

Jamuna Oil Company has approved 110 per cent cash dividend i.e @ Tk.11.00 per share out of profit for the Financial Year 2016-2017, said a statement. The approval was given at the 42nd annual general meeting (AGM) of the company held recently at "Chittagong Boat Club", Airport Road, East Patenga,...

Ten top-traded cos snare 34 per cent turnover

Ten top-traded companies accounted for 34 per cent transactions on the country's major bourse Wednesday. Beximco Pharmaceuticals topped the list.Market operators said investors were active on buying shares of stocks including Beximco Pharma, LankaBangla Finance and Usmania Glass Sheet Factory, taking the advantage of low prices after sharp correction in...

NCC Bank delegation visits China

Managing Director & CEO Mosleh Uddin Ahmed and Deputy Managing Director A Z M Saleh of NCC Bank recently visited different banks of China for exploring ways of business development, promotion and expansion, according to a press release. During the visit they had bilateral discussions with Louisa Liu, Team Head...

News Briefs-(8-02-2018)

BIAA president off to BeijingRtn. Muhammad Ayub, President, Bangladesh Indenting Agents' Association (BIAA) left Dhaka on Wednesday for Beijing, China to attend the First Global Cross Border E-Commerce Conference to be held in China National Convention Center in Beijing, from 9 to 10 February, 2018. The conference will be co-hosted...

DSE News in Brief (8-02-2018)

Dividend declarationNCCBL Mutual Fund-1: The Trustee Committee of NCCBL Mutual Fund-1 has declared 10 per cent cash dividend based on Net Income for the year ended on December 31, 2017. The record date is March 1, 2018. The Fund has also reported EPU of Tk. 1.0057, NAV per unit of...

CSE News in Brief (8-02-2018)

Board meetingMithun Knitting and Dyeing: Mithun Knitting and Dyeing (CEPZ) Ltd. has informed that a meeting of the board of directors will be held on February 11, 2018 at 4:00 pm to consider, among others, un-audited financial statements of the company for the second quarter (Q2) period ended on December...

Sri Lankan stocks end marginally lower ahead of polls

COLOMBO, Feb 7 (Reuters): Sri Lankan shares ended lower for a second straight session on Wednesday as investors sold blue-chip stocks such as John Keells Holdings Plc ahead of the local government polls over the weekend.The Colombo stock index ended 0.08 per cent weaker at 6,507.25, slipping further from its...

MoU signing ceremony between Dhaka Bank and Sanmar Properties Ltd

In the presence of Emranul Huq, Additional Managing Director of Dhaka Bank Limited, a MoU signing ceremony between Dhaka Bank Limited and Sanmar Properties Ltd was recently held at the Corporate Office of Sanmar Properties Ltd recently. Under this agreement Dhaka Bank will provide Payroll Banking Services to the employees...

NFL signs participatory agreement with Bangladesh Bank

National Finance Ltd (NFL) has recently signed a participatory agreement with Bangladesh Bank for utilising Small and Medium-sized Enterprise Development Project-2 fund at Bangladesh Bank (BB) headquarters. Md. Golam Sarwar Bhuiyan, Managing Director (CC) of National Finance and Md. Abul Bashar, General Manager, Financial Inclusion Department of BB signed the...

Prime Bank Young Tigers National School Cricket Tournament

Prime Bank Young Tigers National School Cricket Tournament for 2017-2018 session started across the country Wednesday. BCB director and chairman of the age-level tournament committee, Tanjil Chowdhury, revealed the details of the tournament at a press conference at its media centre. Managing Director & CEO of Prime Bank, Rahel Ahmed...

Best Bangladesh Deal by FinanceAsia Achievement Awards 2017

Vice Chairman of Summit Group Md Latif Khan received the Best Bangladesh Deal award from FinanceAsia Achievement Awards. Summit's deal of syndicated loans worth $ 79.67 million for Summit Barisal Power and Summit Narayanganj Power for 12 years and 10.5 years was awarded the Best Bangladesh Deal by FinanceAsia Achievement...

Department of Immigration and Passport honours Trust Bank for collecting highest passport fees

Department of Immigration and Passport honoured Trust Bank Limited for collecting the highest passport fees for the year 2017. On behalf of Trust Bank Faruq Mainuddin, Managing Director and Chief Executive Officer received this award from Home Minister Md. Asaduzzaman Khan Kamal at the inauguration ceremony of "Passport Seba Saptaho...