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

BD companies to meet 100 Japanese entities

A business matching meeting began online on Wednesday between 24 Bangladeshi companies and interested Japanese investors which ends on November 30."It is expected that the Bangladesh companies will interact with about 100 Japanese companies during the event," said a statement.Earlier, HAISON International Ltd, an investment management & advisory services firm...

Modhumoti Bank signs agreement with PayWell

Modhumoti Bank Limited has recently signed a partnership agreement with PayWell, a concern of CloudWell Limited for digital payments. Md. Shafiul Azam, Managing Director and CEO of Modhumoti Bank, and Anisul Islam, MD & CEO CloudWell Limited signed the agreement on behalf of their respective organisations, said a statement.Under the...

Green Delta secures AAA credit rating

Green Delta Insurance Company has secured "AAA" credit rating for the 7th consecutive year in 2020 from Credit Rating Agency of Bangladesh (CRAB). Green Delta is the only and the first insurance company in Bangladesh to earn AAA rating for 7 years in a row, said a statement. The credit...

Dominage Steel to hold IPO lottery draw Nov 16

Dominage Steel Building Systems is set to hold IPO (initial public offering) lottery draw on November 16, aiming to allocate 30 million ordinary shares among successful applicants.The company has so far received a good response from the investors. The investors have applied to buy around 20 times the number of...

Candle Stone Rupali Bank Growth Fund gets BSEC approval

The securities regulator has approved the draft prospectus of Candle Stone Rupali Bank Growth Fund, an open-end mutual fund.The approval came Wednesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).As per the BSEC approval, initial size of the fund will be Tk 1.0...

Stocks extend losses after bumpy ride

Stocks extended the losing streak for the second straight session on Wednesday after volatile trading as the market pulse shifted to correction mode due to portfolio realignment. DSEX, the key index of the Dhaka Stock Exchange, went down by 15.94 points or 0.32 per cent to settle at 4,883.Market operators...

Shimanto Bank handed over donation to Dipto Shimanto School

Shimanto Bank Limited handed over donation to Dipto Shimanto School, a school for special children, to procure health protection equipment to protect Covid-19. Muklesur Rahman , Managing Director & CEO of Shimanto Bank, handed over the donation to Lt Col Mollah Mesbahuddin Ahmed, Principal of Birshreshtha Noor Mohammad Public College.

Mamoon Mahmood Shah exchanged documents after signing agreement

Mamoon Mahmood Shah, Managing Director & CEO (CC) of NRB Bank Limited, and Nasreen Jahan Ratna, MP, Chairman of Kuakata Grand Hotel & Sea Resort exchanged documents after signing an agreement at the bank's Corporate Head Office, Dhaka on Wednesday on behalf of their respective organisations. Under the agreement, debit...

Standard Chartered teams up with Mhadi My Loan

Standard Chartered partnered with 'My Loan', incorporated as Mhadi Support Services Ltd, as its Third-Party Sales partner in Bangladesh recently. Under the agreement My Loan will act as an authorised sales agent, working with the bank in serving a wider client-base, said a statement. Lutful Habib, General Manager, Priority Banking,...

Mujib 100 Years online quiz competition-2020

Mujib 100 Years online quiz competition-2020 prize giving ceremony organised by International Standard University was held at the university auditorium. The prize giving ceremony was presided over by Vice Chancellor of International Standard University Dr. Abdul Awal Khan. University treasurer (CC) H.T.M Kader Newaz and Deputy Managing Director of Jamuna...

News Briefs (12-11-2020)

Asian stocks mixed Stock markets in Singapore, Malaysia and the Philippines declined by up to 1% on Wednesday, as this week's burst of market optimism about progress on coronavirus vaccines faded. Investors switched to discounted losers from coronavirus winners on Tuesday, fuelling a rally in travel and energy shares, after...

DSE/CSE News in Brief (12-11-2020)

Board meetingsRangpur Dairy & Food Products Ltd: A board meeting of the company will be held on November 14, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the company for the first quarter period ended on September 30, 2020.SAIF Powertec Limited: A board meeting of the...