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

Large-caps pull DSEX below 6,500 mark

The stock market ended sharply lower on Wednesday, with the benchmark index dipping below 6,500 mark, as jittery investors sold off major sector stocks amid the fall in value of local currency against dollar.The market managed to stay afloat until the mid-session, but the heavy selling pressure on particular large-cap...

IPO of Global Islami Bank to open October 16

The initial public offering (IPO) of Global Islami Bank will open for subscription on October 16, aiming to raise Tk 4.25 billion from the capital market under fixed-price method.The IPO subscription will close on October 20, according to its abridged prospectus published on Wednesday.It will be the fifth largest IPO...

IBBL rolls out 5 products

Islami Bank Bangladesh Limited launched three deposit products and two investment products on Tuesday, says a statement. The deposit products are Mudaraba Education Savings Scheme, Mudaraba Expatriate Housing Deposit Scheme and Mudaraba Senior Citizen Monthly Profit Deposit Scheme. And the investment products are Swapnokutir Semi-pucca Housing and Swapno Bunon Education...

Prime Bank training:

Prime Bank's AML & CFT Division and Branches Distribution Network, Chattogram Region-1, jointly organised a daylong training programme on 'AML & CFT Compliance' at a conference hall in Chattogram recently. Md Nurul Amin, Executive Director of Bangladesh Bank, Chattogram Office, inaugurated the event as the chief guest while Md Wasiul...

Mercantile Bank training:

Mercantile Bank Limited organised a virtual training on 'Prevention of Money Laundering and Combating Financing against Terrorism' recently. A total of 100 officials attended the programme. Shamim Ahmed, DMD and CAMLCO of the bank, inaugurated the virtual training. Md Moshaddeque Hossain, DCAMLCO & Head of AMLD, along with the faculty...

Sonali Bank signs deal with ICB Capital Management

Sonali Bank Limited signed an agreement with ICB Capital Management Limited, a subsidiary organisation of Investment Corporation of Bangladesh, to pay the customer and investors fees and charges through the Sonali Payment Gateway, said a statement. Sonali Bank Limited General Manager Subhash Chandra Das and ICB Capital Management Limited Chief...

BIFC posts loss for sixth straight year

Bangladesh Industrial Finance Company (BIFC), a listed company, has again reported loss for the year 2020, the sixth straight year in a row. The non-bank financial institution posted a loss of Tk 8.10 per share for the year ended on December 31, 2020 as against a loss of Tk 12.20...

News Briefs (2022-09-15)

Disbursement of dividend Janata Insurance Co Ltd: The company has disbursed the cash dividend for the year ended on December 31, 2021 to the respective shareholders.LafargeHolcim Bangladesh Limited: The company has disbursed the interim cash dividend for the year 2022 to the respective shareholders.Al-Arafah Islami Bank Limited: The company has...

Asian stocks slump, tracking US losses after inflation report

HONG KONG, Sept 14 (AFP): Asian markets dropped on Wednesday, tracking losses in the United States and Europe as traders responded negatively to higher-than-expected US inflation data that raised fears of a prolonged period of interest rate hikes. Tokyo, Hong Kong, Shanghai, Seoul, Taipei and Sydney were all lower, reversing...

US SEC to propose Treasury market clearing reforms to address resilience fears

WASHINGTON, Sept 14 (Reuters): The US Securities and Exchange Commission (SEC) is scheduled on Wednesday to propose draft rules to boost the resilience of the $24 trillion Treasury market, the world's largest bond market, which serves as a benchmark for dollar assets globally.The reforms, which will aim to expand the...

Mohammodi Khanam, handed over a cheque for Tk 5,10,888 to Md. Ruhul Alam Al Mahbub

Mohammodi Khanam, Chief Executive Officer of Desh General Insurance Company Limited (DGIC), handed over a cheque for Tk 5,10,888 to Md. Ruhul Alam Al Mahbub, Managing Director of Fair Electronics Limited, for payment of a claim against a Marine Cargo Insurance.

Shares in Chinese conglomerate Fosun dive on report of watchdog scrutiny

HONG KONG, Sept 14 (AFP): Club Med owner Fosun, one of China's largest private-sector conglomerates, saw billions wiped off its value on Wednesday as jittery investors reacted to a media report that the group was under regulatory scrutiny.There has been growing concern about the debts of Chinese companies, particularly after...