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

DSE turnover exceeds Tk 6.0 billion-mark

Stocks extended the gaining streak Wednesday with turnover on the major bourse crossing Tk 6.0 billion-mark after seven weeks, as some investors showed their buying appetite on sector-wise issues.Brokers said the market nudged higher amid increased turnover as investors took position on sector-specific stocks following the securities regulator's fresh move...

Shanta First Income Unit Fund's public subscription opens

The public subscription of Shanta First Income Unit Fund (SFIUF) began on Wednesday whose initial size is Tk 200 million. The securities regulator - Bangladesh Securities and Exchange Commission (BSEC) approved the prospectus of Shanta First Income Unit Fund on January 16 this year. Of Tk 200 million, Tk 20...

Senior member of DSE expires

M. Abdul Rashid, former councillor of Dhaka Stock Exchange (DSE), died on Wednesday at the age of 101 at Appollo Hospital. M. Abdul Rashid is father of Ahmad Rashid Lali, immediate past president of DSE Brokers Association of Bangladesh.Late M. Abdul Rashid was one of the members of the eight-member...

Ten top-traded cos clinch 25pc transactions

Ten top-traded companies captured more than 25 per cent transactions on the country's premier bourse Wednesday. LankaBangla Finance topped the list for the two consecutive sessions.According to the statistics available with the DSE, about 7.39 million shares of LankaBangla were traded, generating a turnover of Tk 297 million. It was...

FBCCI urges Turkish cos to set up JV industries

The country's apex trade-body urged Turkish businesses on Wednesday to set up factories of various key sectors here under joint venture (JV) for mutual benefits of the two countries.It also proposed to transfer technology from Turkey to Bangladesh.The proposed sectors for JV investment with Turkey are - ready-made garment (RMG),...

IBBL organises voluntary blood donation prog

Islami Bank Bangladesh Limited organised a voluntary blood donation programme on the occasion of Shaheed Day and International Mother Language Day, according to a press release. Arastoo Khan, Chairman of the bank inaugurated the programme as the chief guest at Islami Bank Tower in the city on Wednesday. Abu Reza...

LankaBangla portfolio rises 29pc

The board of directors of LankaBangla Finance Limited (LBFL) has announced 7.5 per cent cash and 7.5 per cent bonus shares for its shareholders, according to a press release. In the fiscal year that ended in December 31, the total profit after tax amount of this non-banking financial institution has...

IPDC Finance wins SAFA BPA Award 2017

IPDC Finance Limited, the first private financial institution of Bangladesh established in 1981, recently has been honoured as the Joint Second Runner Up of South Asian Federation of Accountants (SAFA) Best Presented Annual Report (BPA) Award 2017 under the category of Financial Services Sector. This award ceremony was held in...

DSE/CSE News in Brief (15-02-2018)

DSE NEWSPeoples Insurance Company appoints MD & CEOPeoples Insurance Company Ltd. has informed that Mr. Shiv Shankar Saha has been appointed as the managing director and chief executive officer of the company. The Insurance Development and Regulatory Authority (IDRA) has approved his appointment on February 07, 2018.Credit ratingOimex Electrode: National...

An agreement was signed between Bangladesh Bank and Export Import Bank of Bangladesh Limited

An agreement was signed between Bangladesh Bank and Export Import Bank of Bangladesh Limited Wednesday in Jahangir Alam Conference Hall of Bangladesh Bank. Under this agreement, EXIM Bank will be able to utilise Two Step Loan fund for its customers provided by Japan International Cooperation Agency (JICA). Dr. Mohammed Haider...

Managers' conference of National Life Insurance Company

The managers' conference of National Life Insurance Company Ltd was held Wednesday. Chairman of the company, Alhaj Morshed Alam, MP was the chief guest on the occasion. Chief Executive Officer of the company, Jamal MA Naser presided over the programme.

IPDC Finance Limited won the Joint Second Runner Up award of SAFA

IPDC Finance Limited won the Joint Second Runner Up award of South Asian Federation of Accountants (SAFA) Best Presented Annual Report (BPA) Award 2017 under the category of Financial Services Sector. Rizwan D. Shams, GM & Head of Business Finance; Shah Wareef Hossain, Chief Operating Officer; Mominul Islam, Managing Director...

Standard Bank Limited signs participatory agreement with Bangladesh Bank

Standard Bank Limited on Wednesday signed a participatory agreement with Bangladesh Bank to disburse funds to attract Foreign Investment under the JICA assisted "Foreign Direct Investment Promotion Project". Governor of Bangladesh Bank Fazle Kabir was present as the chief guest while Bangladesh Bank Deputy Governors Abu Hena Mohd. Razee Hassan...

SIBL signs participatory agreement with Bangladesh Bank

Social Islami Bank Limited (SIBL) signed a participatory agreement with Bangladesh Bank regarding JICA assisted Foreign Direct Investment Promotion Project on Wednesday at Bangladesh Bank. In presence of Bangladesh Bank Governor Fazle Kabir and Chief Representative, JICA Bangladesh Offcie Takatoshi Nishikata Managing Director & CEO of Social Islami Bank Ltd....

Scholarship giving ceremony

A scholarship giving ceremony was held recently for the meritorious children of the employees of Investment Corporation of Bangladesh (ICB) in different academic levels (PSC, JSC, SSC, HSC, Honours and Masters-2017 etc). Kazi Sanaul Hoq, Managing Director of ICB presided over the function. Prof. Dr. Mojib Uddin Ahmed, Chairman, board...