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

Stock prices tumble for third day as 'liquidity crisis' triggers panic selling

The Dhaka bourse displayed another session of free fall on Tuesday, extending the losing streak for third consecutive session as many investors offloaded shares amid lack of confidence and liquidity crisis.The broad index of Dhaka Stock Exchange lost 204 points in last three sessions in a row.At the end of...

Listed cos urge NBR to waive double taxation

Listed companies have urged the National Board of Revenue (NBR) to eliminate multiple taxation on inter-company dividend and establish an introductory version of participation exemption (PE) regime in the country.PE is related to exemption from taxation for a shareholder in a company on dividends received, and potential capital gains arising...

Market price-based calculation of exposure limit creates havoc

Identifying liquidity shortage as the key reason for the sustained market fall, the market operators made a set of demands including revision of exposure limit to help revive the capital market.The representatives of Bangladesh Merchant Bankers Association (BMBA) and DSE Brokers Association of Bangladesh (DBA) said at a press briefing...

Queen South Textile makes flying start

Queen South Textile Mills Tuesday topped the scrip-wise turnover chart as the company made a flying debut on the Dhaka Stock Exchange (DSE).Following investors' increased participation, the company featured a turnover of Tk 185.9 million and captured 6.6 per cent of the market turnover.The company's share price rose 236 per...

News Briefs(14-03-2018)

Trust Bank gets new addl MD Humaira Azam recently joined Trust Bank Limited as additional managing director. After completing Honors and Masters in International Relations from the University of Dhaka, she started her career with ANZ Grindlays Bank as a management trainee in 1991. She was the first woman to...

DSE/CSE News in Brief (14-03-2018)

DSE NEWSBoard meetingUnited Commercial Bank Ltd.: As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, United Commercial Bank Ltd. has informed that a meeting of the board of directors will be held on March 20, 2018 at 3:00 pm to consider, among others, audited financial statements of...

India's NSE index closes little changed

India's broader NSE index closed little changed on Tuesday with losses in IT stocks such as Tata Consultancy Services offsetting gains in financials such as Axis Bank Ltd, reports Reuters.The NSE index ended almost flat at 10,426.85, while the benchmark BSE index slipped 0.18 per cent to 33,856.78.Shares in Tata...

Sri Lankan stocks edge up as foreign investors return

COLOMBO, Mar 13 (Reuters): Sri Lankan shares rose slightly on Tuesday and posted their highest close in nearly two weeks as investors picked up beverage and telecom stocks, and foreign investors returned to the market following a communal violence last week, dealers said.Foreign investors bought a net 1.2 billion rupees...

BRAC Bank's Women Forum, TARA, organises a fair

BRAC Bank's Women Forum, TARA, organises a fair and conducts debate programme as part of celebration of International Women's Day at the bank's head office at Tejgaon in Dhaka recently. Chowdhury Akhtar Asif, Deputy Managing Director & CRO; Nurun Nahar Begum, Chairperson, Women's Forum TARA; Zara Jabeen Mahbub, Head of...

Speaker of Bangladesh Parliament hands over replica of a cheque

Dr. Shirin Sharmin Chaudhury MP, Speaker of Bangladesh Parliament hands over replica of a cheque for Tk 2.5 million financed by ONE Bank Limited to an woman entrepreneur at the Banker-SME Women Entrepreneur Conference and Product Display Fair-2018 in the city recently. Fazle Kabir, Governor of Bangladesh Bank, Sadat Ahmed...

Bank Asia Ltd, signs the audited financial statement of the company

A Rouf Chowdhury, Chairman of Bank Asia Securities Ltd, a majority owned subsidiary company of Bank Asia Ltd, signs the audited financial statement of the company for the year ended on December 31, 2017 at a function held at its head office in the city on Tuesday, just before kicking...

Standard Bank Limited inaugurates its 19th Agent Outlet

Standard Bank Limited inaugurates its 19th Agent Outlet at Ramkrishnapur Bazar, Chandar Char, Homna, Comilla on Tuesday. Deputy Managing Director of the bank Md. Motaleb Hossain inaugurates the outlet as the chief guest. Rezaur Rahman, Head of Agent Banking Division, Mirza Muhammad Masud Rana, Head of BMOD (acting), Md. Faruque...