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Stocks witness sharp correction

The Dhaka bourse posted a sharp correction on Wednesday extending the losing streak for fourth consecutive session as shaky investors 'liquidated' stocks from almost all sectors.Due to investors' cautious stance, most of the listed securities closed in red.The price correction witnessed by major sectors such as telecommunication, bank, engineering and...

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MTB opens Smart Banking KIOSK at Ispahani Islamia Eye Institute and Hospital

Mutual Trust Bank Limited (MTB) has recently opened its Smart Banking KIOSK at Ispahani Islamia Eye Institute and Hospital, Dhaka. M. Salman Ispahani, Chairman, Ispahani Islamia Eye Institute and Hospital inaugurated the new MTB Smart Banking KIOSK as the chief guest through a simple inauguration ceremony. Mridul Kumar Sarkar, Chief...

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Austan gets LWG membership

Austan Ltd has recently passed the Leather Working Group (LWG) audit and has attained its membership, said a statement."The LWG membership of Austan Ltd at a critical juncture of the leather sector in Bangladesh facing the environmental issues, is a commendable achievement and a step forward in the right direction...

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National Life Ins tops turnover chart

National Life Insurance Company Limited (NLICL) topped the turnover chart of Dhaka Stock Exchange (DSE) following investors' increased participation.On Wednesday, the company posted a turnover of above Tk 158.30 million and grabbed 3.90 per cent of the market turnover.The share price of the NLICL, however, declined 7.81 per cent or...

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Mastercard further extends payment network with acquisition of Transfast

Mastercard on Wednesday announced the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach. Mastercard originally declared the intent to buy Transfast on March 8, 2019.The acquisition builds on Mastercard's strength in payments and drives improved transparency and certainty in cross-border transactions, enabling people...

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News Briefs (11-07-2019)

Dr. Nesar Ahmed Choudhury NRB Bank elects new chair of RMCDr. Nesar Ahmed Choudhury has been elected as Chairman of Risk Management Committee of the Board of NRB Bank Limited in the 80th meeting of the Board of Directors of the Bank. Dr. Nesar Ahmed Choudhury is General Practitioner and...

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Md. Arfan Ali, President & Managing Director of Bank Asia

Md. Arfan Ali, President & Managing Director of Bank Asia and Sayed Mostahidal Hoq, Chairman of Daraz, largest e-commerce platform in the country, are seen handing over a memorandum of understanding (MoU) on providing e-commerce services for rural population through agent banking network

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SJIBL organises Business Review Meeting

Shahjalal Islami Bank Limited (SJIBL) organised a Business Review Meeting with the officials of Chattogram Zone Branches recently at a local Hotel in Chattogram. The Additional Managing Director of the Bank Abdul Aziz was present as Chief Guest while the Deputy Managing Director & Head of Human Resources Division of...

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Professor Dr. Md. Salim Uddin

Professor Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee of Islami Bank Bangladesh Limited and Chairman, Bangladesh House Building Finance Corporation addressing a "Post Budget Discussion on National Budget 2019-20", organised by The Institute of Cost and Management Accountants of Bangladesh (ICMAB) recently. Tipu Munshi, MP, Minister for Commerce...

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19th Annual General Meeting of Crystal Insurance Company

The 19th Annual General Meeting of Crystal Insurance Company Limited was held on Tuesday in Company's Corporate Office at DR Tower in the city. The meeting was presided over by Mr. Abdullah Al-Mahmud (Mahin), Chairman of the Company. Shareholders, Independent Director and the Chief Executive Officer were present in the...

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