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

Construction work of Square Pharma Kenya begins

Square Pharmaceuticals Kenya EPZ Ltd, a 100 per cent subsidiary of Square Pharmaceuticals Ltd (SPL), Bangladesh, started the construction work of its state-of-the-art pharmaceutical manufacturing plant through a groundbreaking ceremony in Nairobi, Kenya."This is a benchmark achievement for the Bangladesh pharmaceutical industry as Square pharmaceuticals Limited will be the 1st...

Lafarge completes process to acquire shares of Holcim

Lafarge Surma Cement Limited (LSCL) has 'executed' necessary documents to transfer the shares of Holcim Bangladesh Limited (HBL) to LafargeHolcim Bangladesh Ltd.The move came as part of acquisition of HBL at a price set by the Bangladesh Bank. The acquisition price is Tk 5.05 billion as announced on December 24...

BRAC Bank tops DSE turnover chart (2018-01-09)

Top 10 companies grabbed 35.3 per cent of the total turnover featured by Dhaka Stock Exchange (DSE) on Monday.The premier bourse DSE witnessed a sharp correction and featured a turnover of Tk 4.77 billion. BRAC Bank topped the turnover chart with a value of Tk 406 million. The company grabbed...

New DMD of Rupali Bank Quamruzzaman Chowdhury

Quamruzzaman Chowdhury has recently been appointed as Deputy Managing Director of Rupali Bank Limited, said a statement.Prior to his promotion, Quamruzzaman Chowdhury served as the General Manager of Sonali Bank Limited. During his tenure with the bank, he worked in different divisions of Sonali Bank head office.He also worked at...

News Briefs-(09-01-2018)

Dhaka bourse witnesses sharp fallDhaka bourse Monday witnessed a sharp fall extending the losing streak for the third consecutive session following correction witnessed by almost all sectors. All but one listed banks went red and subsequently the broad index of the Dhaka Stock Exchange (DSE) declined sharply. Market insiders said...

DSE/CSE News in Brief (09-01-2018)

DSE NewsBoard meetingDragon Sweater & Spinning Ltd: Dragon Sweater & Spinning Ltd. has informed that a board meeting of the company will be held on January 14, 2018 at 3:00pm to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31,...

Myanmar tourism issue soars away from crisis

SINGAPORE, Jan 8 (Reuters): A Myanmar tourism company soared up and away from the country's humanitarian crisis. Tycoon Serge Pun's hot-air balloon operator Memories Group had a strong debut after reversing onto Singapore's junior exchange on Friday. The shares have jumped 60 per cent even as a campaign persists against...

SL shares climb to near 7-week high

COLOMBO, Jan 8 (Reuters): Sri Lankan shares rose on Monday to a near seven-week high as blue chip shares such as John Keells Holdings Plc gained, while foreign investors continued to buy the island nation's risky assets.The Colombo Stock Index ended 0.4 per cent firmer at 6,540.51, its highest close...

Chairman of Islami Bank Bangladesh Limited inaugurated a two- month long internship programme

Arastoo Khan, Chairman of Islami Bank Bangladesh Limited inaugurated a two- month long internship programme for the students of different public and private universities organised by Islami Bank Training & Research Academy (IBTRA) Monday at the IBTRA Conference Hall as the chief guest. Dr. Mahmood Ahmed, Director General of IBTRA...

Md. Tariqul Azam of Standard Bank Limited inaugurated a four- week long training

Md. Tariqul Azam, Managing Director (Current Charge) of Standard Bank Limited inaugurated a four- week long training on "Foundation Course on Banking" for Officer & Senior Officer (promoted) organised by the Training Institute of the Bank. Among others Md. Zakaria, Principal and Md. Amzad Hossain Fakir, Faculty of the Training...

16th AGM of Beacon Pharmaceuticals Ltd

The 16th Annual General Meeting (AGM) of Beacon Pharmaceuticals Ltd was held at Kathali of Valuka in Mymensingh recently. Chairman of the company Mrs Nurun Nahar Karim presided over the programme. Managing Director Ebadul Karim, Director Niazul Karim and other high-ups were present on the occasion.

Managing Director & CEO of Uttara Bank Limited inaugurating the new premises of the bank

Managing Director & CEO of Uttara Bank Limited Mohammed Rabiul Hossain inaugurating the new premises of the bank's Chawkbazar branch in Chittagong on Sunday. Deputy Managing Director Sultan Ahmed and local dignitaries attended the programme.

Optiemus Infracom Limited

Optiemus Infracom Limited (BSE: 530135), a leading Indian telecom enterprise, recently announced its entry in the Bangladesh market with the launch of BlackBerry KEYone LIMITED EDITION BLACK. Optiemus signed a licencing deal with BlackBerry in February 2017 to design, manufacture and distribute BlackBerry branded smartphones in India, Sri Lanka, Bangladesh...