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

Dhaka stocks witness mild correction

Dhaka stocks witnessed a mild correction on Sunday as risk-averse investors opted for booking profits on large-cap issues.Brokers said some investors sold shares from telecommunication, banking and financial institutions sectors for booking profits, taking the market in the negative territory.Accordingly, the financial institutions saw the highest loss of 1.14 per...

Silva Pharma makes debut Oct 10

Silva Pharmaceuticals will make its share trading debut on the stock exchanges on October 10 (Wednesday) under "N" category, officials said.The Dhaka Stock Exchange (DSE) trading code for the company is "SILVAPHL" and the company code is 18,493.Silva Pharma will be the 30th listed company under the 'pharmaceutical & chemicals'...

Argon Denims to purchase new looms

The board of directors of Argon Denims has decided to procure 48 European-origin brand new looms at an estimated cost of euro 1,845,400 (about Tk 177.62 million). A loom is a device used to weave cloths and tapestry."This will increase the volume of production of the factory," the company said...

Cos want to reduce costs, improve business agility

A number of local companies are gradually migrating to cloud after realising its potential benefits for a business.The adoption of cloud and SaaS (Software-as-a-Service) has been remarkable in Bangladesh. Big Bangladeshi brands including Dulal Brothers, Zaber & Zubayer, a subsidiary of Noman Group and one of the leading home textile...

News Briefs-(08-10-2018)

Crown Izonil honours teachers of architectureCrown Izonil, a premium product of Crown Cement Group, honoured seven pioneer teachers of Architecture Education in Bangladesh with "Lifetime Achievement Award" at a recent function at the Institute of Architects Bangladesh (IAB) Centre in the capital. They are: Ar. Shah Alam Zahiruddin, Ar. M...

DSE/CSE News in Brief (8-10-2018)

DSE NEWSBoard meetingOlympic Industries Ltd.: The company has informed that the board meeting of the company will be held on October 23, 2018 at 3:00 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2018.Agrani Insurance Company Ltd.: The company has...

Sebi asks stock exchanges to check steep fall in shares of several firms

MUMBAI, Oct 7 (Business Standard): The Securities and Exchange Board of India (Sebi) has asked the stock exchanges to look into the steep fall in shares of several companies over the past month.According to sources, the regulator suspects large stock market operators could be behind the hammering, perhaps in connivance...

Md. Tazul Islam MP inaugurating 124th branch of Jamuna Bank

Chairman of the Parliamentary Standing Committee on Ministry of Power, Energy and Mineral Resources Md. Tazul Islam MP inaugurating simultaneously the 124th branch of Jamuna Bank, three ATM booths and digital banking centres of the bank at Monohorgonj in Cumilla while the bank's chairman Eng. A. K. M. Mosharraf Hussain,...

"Lifetime Achievement Award"

Crown Izonil, a premium product of Crown Cement Group, honouring seven pioneer teachers of Architecture Education in Bangladesh with "Lifetime Achievement Award" recently in the capital

Photograph with participants after inaugurating bank's pre-managerial course

Managing Director of First Security Islami Bank Limited (FSIBL) Syed Waseque Md. Ali, Principal of FSIBL Training Institute Md. Ataur Rahman and Faculty Member Muhammad Lutful Haque posing for a photograph with the participants after inaugurating the bank's pre-managerial course at the institute in the capital on Sunday

Signing agreement between Prime Bank and DESCO

Head of Transaction Banking of Prime Bank Limited Shams A Muhaimin and Company Secretary of DESCO S. M. Zamil Hussain exchanging documents after signing an agreement between the two companies recently in presence of Managing Director & CEO of Prime Bank Rahel Ahmed and Managing Director of DESCO Brig. General...

Md. Mosaddake-Ul-Alam presiding over 18th AGM of ISTCL

Chairman of the board of ICB Securities Trading Company Limited (ISTCL) Md. Mosaddake-Ul-Alam presiding over the 18th annual general meeting of the company at Green City Edge in the city recently. The AGM approved 12 per cent cash dividend for the year 2017-18

Md Quamruzzaman, Country Head and CEO of National Bank of Pakistan, Bangladesh Operations

Md Quamruzzaman, Country Head and CEO of National Bank of Pakistan, Bangladesh Operations, and Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB), exchanging documents after signing an agreement on credit rating for the next three years on behalf of their respective organisations at the bank's country office...