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

Stocks keep losing amid low confidence on DSE

Stocks witnessed yet another bearish session on Sunday, extending the losing streak for the sixth straight sessions, as worried investors continued their selling binge on major sectors' shares.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 42.80 points or 0.81 per cent to settle at 5,179,...

Eastland Ins holds half-yearly conference

The Half-Yearly Conference-2019 of Eastland Insurance was held on Saturday in the city.Mahbubur Rahman, Chairman of the Company, inaugurated the conference."Some of the distinguished members of the Board were also present at the conference. In-charge of branches from all over the country with senior marketing/non-marketing executives/officers participated in the programme,"...

Baraka Shikalbaha Power starts commercial operation

The Baraka Shikalbaha Power Limited (BSPL) started commercial operation of its 105 mw HFO-fired IPP power plant situated at Shikalbaha in Chattogram.BSPL is a 51 per cent subsidiary of Baraka Patenga Power Limited, where Baraka Power Limited has directly invested in 20 per cent equity and through cross holding aggregately...

Paramount Textile to buy brand new machinery

The board of directors of Paramount Textile has decided to purchase some brand new capital machinery from abroad worth nearly Tk 117 million, said an official disclosure on Sunday.The textile company will purchase the machinery due to enhancement and replacement of machinery of the company for increasing existing production capacity...

News Briefs (15-07-2019)

Shanta First Income Unit Fund declares 8.0pc dividendShanta First Income Unit Fund (SFIUF) has declared 8.0 per cent dividend for the Fiscal Year 2018-19 ended on 30 June 2019. Shanta Asset Management Limited (SAML) - the Sponsor and Asset Manager of the fund - informs that the unit holders, whose...

ACI Motors brought a new model bike

ACI Motors brought a new model bike MT 15. The latest bike was handed over on Saturday from Yamaha 3s dealer point "Crescent Enterprise" Mirpur, Dhaka and Flagship Center Yamaha 3s Center, Tejgon-Gulshan Link Road, Dhaka. Shamim Ahmed, General Manager Sales, ACI Motors handed over the bike

Premier Bank opens Hajj Booth

The Premier Bank Limited opened a Hajj Booth to provide services of hajj pilgrims at Ashkona Hajj Camp at Uttara recently. Managing Director & CEO M. Reazul Karim, FCMA, inaugurated the booth as the Chief Guest. M. Shahdat Hossain Taslim, President, HAAB and Md. Abdul Jabber Chowdhury, Additional Managing Director...

SJIBL distributes scholarship

Shahjalal Islami Bank Limited (SJIBL) distributed scholarship among the poor and brilliant students at Ramganj, Laxmipur on Sunday. Dr. Anwer Hossain Khan, Chairman of the Executive Committee of Shahjalal Islami Bank Limited and Member of Parliament of Laxmipur-1 handed over the scholarship cheques among the students as the chief guest

31st Annual General Meeting of UBICO

The 31st Annual General Meeting of UAE-Bangladesh Investment Company Limited (UBICO) was held recently in Dhaka. Ahmed Al Murar, Chairman of UBICO, chaired the meeting. The board declared 25 per cent dividend for the year 2018