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

BSEC chief warns of scrapping IPO quota

Chairman of the securities regulator Professor M Khairul Hossain has warned different eligible investors (EIs) of 'scrapping' their IPO (initial public offering) quota if they fail to carry out stipulated roles.He issued the warning at a seminar titled 'Investment Education and DSE's Role in Protecting Investors' held in the capital...

Stocks slip into red on political fears

Stocks closed marginally lower on Wednesday, snapping a two-day gaining streak, as cautious investors sold shares on political worries.Market insiders said the investors apprehended political uncertainty over the verdicts in the August 21, 2004 grenade attack cases. "The investors were closely observing the political situation and mostly followed a cautious...

Stylecraft recommends record 410pc stock div

The board of directors of Stylecraft Ltd, a textile company, has recommended 410 per cent stock dividend for the year ended on June 30, 2018.It was the highest stock dividend recommended so far by any listed company in the country's capital market, according to Dhaka Stock Exchange (DSE). In 2017,...

Silva Pharma share jumps 190pc on debut trading

Silva Pharmaceuticals made a flying trade debut on Wednesday as its share price jumped 190 per cent on the first day of trading.The share traded between Tk 28.10 and Tk 38 each on the Dhaka Stock Exchange (DSE), before closing at Tk 29 each, soaring 190 per cent, from the...

New DMD of FAS Finance

Nurul Haque Gazi Md. Nurul Haque Gazi has been promoted to the Deputy Managing Director of FAS Finance & Investment Limited (FFIL) recently, according to a statement. Prior to this promotion, he had been working as Senior Executive Vice President of the same institute. After obtaining M.Com in Accounting from...

News Briefs-(11-10-2018)

WCRCL rates Delta Spinners 'BBB1'WASO Credit Rating Company (BD) Ltd. (WCRCL) has announced the entity rating of Delta Spinners Ltd as "BBB1" for long term and "ST-3" for short term along with a stable outlook based on latest audited financial statements of the company for the year 2016-17 and other...

Managing Director of First Security Islami Bank Ltd. Syed Waseque Md. Ali handing over a cheque

Managing Director of First Security Islami Bank Ltd. Syed Waseque Md. Ali handing over a cheque for Tk 1.0 million to Dilshad Nahar Aziz, Patron of Proyash, a specialised institution for special children patronised by Bangladesh Army, at a ceremony at Dhaka Cantonment recently. The bank donated the fund as...

Additional Managing Director of Union Bank Limited A. B. M. Mokammel Hoque Chowdhury handing over a cheque

Additional Managing Director of Union Bank Limited A. B. M. Mokammel Hoque Chowdhury handing over a cheque for Tk 1.0 million to Dilshad Nahar Aziz, Patron of Proyash, at a ceremony at Dhaka Cantonment recently. The bank donated the fund as part of its corporate social responsibility

"Cement Automotive Expo 2018"

Planning Minister AHM Mustafa Kamal, FCA, MP seen at "Cement Automotive Expo 2018" organised by Nitol Motors with Tata Motors recently where Abdul Matlub Ahmad, former FBCCI president & Chairman of Nitol-Niloy Group, Mostafa Kamal, President of Bangladesh Cement Manufacturers Association (BCMA), Jitendra Bahadur, Country Head, Bangladesh of Tata Motors...

Dr. Kazi Anis Ahmed, Director of Gemcon Group

Dr. Kazi Anis Ahmed, Director of Gemcon Group, and Ershad Hossain, Managing Director and CEO of City Bank Capital Resources Limited, exchanging documents after signing a corporate advisory agreement on behalf of their respective companies in the city recently

Sajid Aftab (right), head of Business Development, Lub-rref (Bangladesh) Ltd, receiving renewed Accreditation Certificate

Sajid Aftab (right), head of Business Development, Lub-rref (Bangladesh) Ltd, receiving renewed Accreditation Certificate from Monoarul Islam, director general of Bangladesh Accreditation Board (BAB) recently