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

DSE turnover exceeds Tk 10 billion-mark

The turnover on Dhaka Stock Exchange (DSE) surpassed Tk 10-billion-mark after eight months on Tuesday thanks to low interest rate on banks' deposit.The turnover, a crucial indicator of the market, stood at Tk 10.88 billion on the country's premier bourse, climbing further by 21 per cent over the previous day's...

VAML to launch Tk 100m open-end mutual fund

Vanguard Asset Management Limited (VAML) has initiated a process of adding a new open-ended mutual fund named 'Vanguard AML Growth Fund' to its existing portfolio.In this regard, A 'Trust Deed' signing ceremony was held at the head office of the Investment Corporation of Bangladesh (ICB) on Monday, according to a...

BSEC allows Runner Automobiles to explore cut-off price for IPO

The securities regulator has allowed Runner Automobiles to determine the cut-off price required to go public under book building method.The approval came at a meeting at Bangladesh Securities and Exchange Commission (BSEC) on Tuesday.The company will float IPO (initial public offering) under the book building method to raise a capital...

SIBL signs deal with Fintech Innovations

Social Islami Bank Limited (SIBL) has signed an agreement with Fintech Innovations International DMCC, UAE at the head office of the bank recently, according to a statement. Quazi Osman Ali, Managing Director & CEO of SIBL and Azizunnesa Huq, Executive Director of Fintech Innovations International DMCC, UAE signed the agreement...

FAS Finance signs deal with EC

FAS Finance & Investment Ltd. and Election Commission (EC) signed a bilateral agreement recently to verify NID, according to a statement. Md. Abdul Baten, Joint Secretary & Director (Operations), NID Registration Cell and Managing Director & CEO of FAS Finance & Investment Ltd. Pritish Kumar Sarker signed the agreement on...

IFIC Bank gets new DMD

Syed Mansur Mustafa has recently been promoted to deputy managing director (DMD) of IFIC Bank Limited, according to a statement.Prior to this position, he served as senior executive vice president and chief credit officer (CCO) of the bank. He worked as executive vice president of Trust Bank Limited before joining...

News Briefs--(11-7-2018)

EBL launches 'ONE Card' to support SMEs Nine leading companies from different sectors have joined their hands to offer special services and tariffs to SME entrepreneurs through an innovative "ONE" platform, which was launched at a ceremony at a city hotel on Monday. As the banking and financial partner, Eastern...

DSE/CSE News in Brief (11-7-2018)

DSE NEWSDividend disbursementParamount Insurance Company Ltd.: The company has informed that it has credited the bonus shares for the year ended on December 31, 2017 to the respective shareholders' BO Accounts on July 04, 2018.Board meetingPurabi Gen. Insurance Company Ltd.: The company has informed that a meeting of the board...

European shares extend recovery

LONDON, July 10 (Reuters): European shares edged higher on Tuesday as investors shifted from worrying about a trade war to focussing on a corporate earnings season expected to deliver solid results.The pan-European STOXX 600 index rose 0.2 per cent by 0830 GMT, a 2 ½-week high, and headed for its...