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

Raw materials price hike takes a toll on net profit of Premier Cement

The net profit of Premier Cement Mills declined moderately for the fiscal year (FY) 2018 compared to previous year due to various reasons including the increased cost of raw materials.The company reported its revenue of above Tk 10.04 billion for 2018. During the period, the company's revenue rose 8.29 per...

Green Delta to launch NTF scheme for rural farmers

Green Delta Insurance Ltd. has signed a memorandum of understanding (MoU) with CARE Bangladesh's Krishi Utsho Microfranchise recently for initiating non-traditional financing (NTF) scheme for rural smallholder farmers of Bogra and Jessore. The MoU signing event was attended by members from CARE and Green Delta Insurance Ltd, said a statement.Farzana...

Chattogram City Corporation and The Premier Bank Limited recently signed a Memorandum of Understanding in the Chattogram City Corporation Conference room

Chattogram City Corporation and The Premier Bank Limited recently signed a Memorandum of Understanding in the Chattogram City Corporation Conference room under which the bank will receive various charges and fees including holding tax, trade licenses. AJM Nasir Uddin, Mayor of Chattogram City Corporation, was the chief guest on the...

Valuations of Asian equities 14-month high in April

Valuations of Asian equities reached a 14-month high at the end of April as regional shares rallied on optimism about Chinese economic data and the prospects for a US-China trade deal. MSCI's broadest index of Asia-Pacific shares gained 1.6 per cent in April. According to Refinitiv, the region's forward price-to-earnings...

HK's Ally Bridge Group leads $65m financing for Pulmonx

Hong Kong-based healthcare-focused investment group Ally Bridge Group (ABG) has led an over-subscribed $65 million financing for Pulmonx Corporation, a California-based company in diagnostic and therapeutic pulmonary device technologies, according to a statement as reported by dealstreetasia.com.Pulmonx is focused on developing life-changing technologies that improve the lives of patients suffering...

CUB discussion in Toronto for facilitating student migration to Canada

Canadian University of Bangladesh recently organised a meeting between top diplomats, eminent businessmen and key stakeholders focusing on Student Partnership Program (SPP) between Bangladesh and Canada in Toronto.Founder and Chairman of Canadian University of Bangladesh Dr. Chowdhury Nafeez Sarafat, High Commissioner of Canada in Bangladesh, Benoit Préfontaine and High Commissioner...

People’s Insurance, Union Capital recommend dividend

The board of directors of two more companies -- People’s Insurance Company and Union Capital -- have recommended dividend for the year ended on December 31, 2018 last week.The board of directors of People’s Insurance Company has recommended 6.0 per cent cash dividend and Union Capital 5.0 per cent stock...

bKash Limited recently signed an agreement with Domino's Pizza Bangladesh facilitating its

bKash Limited recently signed an agreement with Domino's Pizza Bangladesh facilitating its customers to make payment via bKash at Domino's store. Mizanur Rashid, Chief Commercial Officer of bKash, and Satender Singh Saini, Country Head, Domino's Pizza, exchanged the agreement at the bKash's head office. Under this deal, customers can make...