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

Stocks rebound strongly

Stocks rebounded strongly Sunday with core index of the Dhaka bourse soared 2.15 per cent, the biggest single-day gain in 21 months, powered by investors' buying spree on large-cap stocks.Dealers said the market registered the highest single-day gain since May 3, 2016, driven by rally in banking, non-bank financial institutions...

Capital market to remain ‘moderately bullish’ in 2018

The capital market will remain moderately bullish in 2018, but local political instability will be the risk factor for the capital market this year, according to a recent survey of a leading stockbroker.The forecasts were made by the majority of the respondents in a recent survey on the Bangladesh capital...

Enhanced data repository to reduce cost of businesses

Bangladesh should develop an enhanced digital data repository for its citizens to facilitate quick, automated bank account opening and to expedite other financial service delivery, a top global banker has said recently. "Such enhanced data repository can ease the process of account opening by acting as the master database of...

IBBL gets new MD

Md. Mahbub ul Alam has joined as the MD & CEO of Islami Bank Bangladesh Limited. Mr Alam performed as the AMD and Head of Investment (Credit) Committee of IBBL prior to join the new post. Md. Mahbub ul Alam began his career in IBBL as a Probationary Officer in...

Ten top-traded cos clinch 27pc of turnover

Ten top-traded companies captured more than 27 per cent transactions on the country's major bourse Sunday. LankaBangla Finance topped the list.Brokers said investors were active on buying shares of LankaBangla Finance, taking the advantage of low prices after recent sharp correction, which helped it grab the top position.The company has...

DSE/CSE News in Brief (12-02-2018)

DSE NEWSBoard meetingMercantile Bank: Mercantile Bank Limited has informed that a board meeting of the company will be held on February 15, 2018 at 3:00 pm to consider, among others, audited financial statements of the company for the year ended on December 31, 2017, subject to approval from Bangladesh Bank.Tallu...

UCB donated scholarship fund for Dhaka Metropolitan Police

United Commercial Bank Limited (UCB) donated scholarship fund for Dhaka Metropolitan Police Sunday. A E Abdul Muhaimen, Managing Director of UCB handed over the donation cheque to Md. Asaduzzaman Mia BPM (Bar), PPM, Commissioner of Dhaka Metropolitan Police.

A get-together of executives and officers of EXIM Bank

A get-together of executives and officers of EXIM Bank was held Saturday at Bangladesh Army Stadium, Dhaka. Around three thousand employees of the bank participated in the annual event. Chairman of EXIM Bank, Md. Nazrul Islam Mazumder inaugurated the programme as the chief guest. Managing Director Dr. Mohammed Haider Ali...

Jamuna Bank Foundation organised a Certificate Distribution Ceremony

Jamuna Bank Foundation organised a Certificate Distribution Ceremony at Jamuna Bank, Sonargaon Road Branch, Dhaka. Chairman of the Jamuna Bank Foundation Al-Haj Nur Mohammed distributed certificates among the participants as chief guest. Shafiqul Alam, Managing Director & CEO of Jamuna Bank presided the programme.

edotco greeted Mustafa Jabbar

edotco's senior management team, led by Country Managing Director, Rahul Chaudhary, has recently greeted Mustafa Jabbar, the newly-appointed Minister for Posts, Telecommunications and Information Technology at his office. Azizul Abdul Rahman, Director, Group Corporate Affairs, edotco Group and Kazi Md Saiful Alam, Head of Regulatory & Stakeholder Management, Edotco Bangladesh...

Mastercard announced the winner of its 'Roman Holiday with Mastercard'

Mastercard announced the winner of its 'Roman Holiday with Mastercard' campaign at a hotel in Dhaka. The grand prize, which was a complimentary vacation for two to Rome, was won by Mr. Kolpon S.Hossain Other winners were also awarded with a number of exciting prizes ranging from large-screen TVs, tabs,...

SCB mandated for raising Tk 1.5 billion zero coupon bond for Durable Plastics Limited

Standard Chartered Bank (SCB) has been mandated for raising Tk 1.5 billion (150 crore) zero coupon bond for Durable Plastics Limited, a concern of PRAN-RFL Group. An agreement was signed in Dhaka in the presence of Uzma Chowdhury, Director (Corporate Finance) of PRAN-RFL, and Alamgir Morshed, Managing Director and Head...