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

Stocks break four-day rally on profit taking

Stocks posted a moderate correction Tuesday, snapping a four-day winning streak, as risk-averse investors opted to book profit on stocks, particularly financial stocks.Market insiders said the fall in the index was expected as the market was going upward for the fourth straight session, making records in turnover."The market slipped into...

Al-Arafah Bank to issue bond of Tk 5.0b

The board of directors of Al-Arafah Islami Bank has decided to issue Mudaraba Subordinated Bond worth Tk 5.0 billion to strengthen its capital base, said an official disclosure on Tuesday.The "AIBL 2nd Mudaraba Subordinated Bond" will be issued to strengthen Tier II capital of the bank as per requirement under...

CSE, brokerage executives visit Bursa Malaysia

CHATTOGRAM, Apr 10: A team of the executives of CSE and top brokers recently visited Malaysia as part of knowledge-sharing with the Malaysian bourse and brokerage houses in Kuala Lumpur.Three executives of Chittagong Stock Exchange (CSE) and six executives of the CSE top brokers completed their five-day visit to Malaysia....

BSEC warns Standard Ins

The securities regulator has warned Standard Insurance for not submitting its audited financial statements timely to the commission.The decision was taken at a meeting of Bangladesh Securities and Exchange Commission (BSEC) at its office in the capital on Tuesday.The regulator said that the company had failed to submit the audited...

Investors bet on Beximco stocks sans PSI

The top 10-traded companies captured more than 30 per cent transaction of the Dhaka Stock Exchange (DSE) Tuesday, with Beximco topping the list for the third straight session.Market operators said the investors continued their buying spree on Bangladesh Export Import Company (Beximco) shares amid positive expectation. According to statistics available...

ICB hands over dividend warrant to Muhith

The shareholders of Investment Corporation of Bangladesh (ICB) approved 30 per cent cash dividend and 5.0 per cent stock dividend for the FY 2016-17 at its 41st annual general meeting (AGM) against each share of Tk.10, according to a statement. The government is entitled to cash dividend amounting to over...

ONE Bank signs deal with IFC

ONE Bank Limited signed an agreement with International Finance Corporation (IFC) for the support and funding of International Trade Programme through the ONE Bank's Offshore Banking Units, according to a statement. Under the agreement, ONE Bank Limited will receive $30 million from IFC as Working Capital Solutions.M. Fakhrul Alam, Managing...

News Briefs--(11-04-2018)

Board meetingsBD FinanceThe board meeting of Bangladesh Finance and Investment Company Limited will be held on April 18 at 3:00 pm to consider, among others, audited financial statements for the year ended on December 31, 2017.Jamuna Bank The company's board meeting -- scheduled to be held on April 10 to...

New CEO of Queen South Textile Mills

Queen South Textile Mills Limited has informed that Mr. Liang Chin-Hsien has joined as the CEO of the company on April 09. Earlier Mr. Rathindra Kumar Chowdhury MBE has resigned from the post with effect from April 08, 2018.

BSCCL board meeting Apr 19

The board meeting of Bangladesh Submarine Cable Company Limited will be held on April 19 to consider, among others, un-audited financial statements for the third quarter (Q3) ended on March 31, 2018. — DSE/CSE Online

Suspension of trading

United Commercial Bank Limited: Trading of the shares of the bank will remain suspended on its record date, today (Wednesday). BRAC Bank Limited: Trading of the shares of BRAC Bank Limited will remain suspended on its record date, today (Wednesday).

Spot trading

United Insurance Ltd.: Trading of the shares of the company will be allowed only in the spot market and block transactions will also be settled as per spot settlement cycle with cum benefit from today (Wednesday) to tomorrow (Thursday). Trading of the shares of the company will remain suspended on...

Southeast Bank Limited and JadRoo Group exchanging documents after signing agreement

Md. Abdus Sabur Khan, head of cards of Southeast Bank Limited, and Mohd. Ghulam Sarwar, deputy managing director & CFO of JadRoo Group, exchanging documents after signing an agreement in presence of S. M. Mainuddin Chowdhury, additional managing director of the bank, recently. Under this agreement, the bank's credit cardholders...

Modhumoti Bank Limited and Trans Fast Remittance LLC, USA exchanging documents after signing agreement

Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited, and Mohammad Khairuzzaman, Country Director & Head of Operations of Trans Fast Remittance LLC, USA exchanging documents after signing an agreement on behalf of the respective companies on Tuesday. Through this agreement, the bank has become principal agent of...

Rupali Bank Ltd chairman and managing director opening ATM booth

Rupali Bank Ltd chairman Monzur Hossain and managing director Ataur Rahman Pradhan opening an ATM booth, developed by the own IT professionals of the bank and a digital display board in front of the head office of the bank at Dilkusha in the city on Monday