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

Stocks close marginally higher on financial issues

The broad index of Dhaka bourse on Monday closed marginally higher following mixed performance displayed by the major sectors.On the day, the turnover declined marginally amid daylong volatility in trading on the Dhaka Stock Exchange (DSE).The market opened positively and the broad index gained 35 points within two and half...

IPDC Finance to issue Tk 1.0 billion bond

IPDC Finance Limited will raise a capital worth Tk 1.0 billion through issuing bonds.The Bangladesh Securities and Exchange Commission (BSEC) approved a proposal to raise the capital through issuing 'Fully Redeemable Subordinated Bond', according to a company disclosure on Sunday.The bond will be issued through private placement to other than...

GP introduces '013' number series

Grameenphone (GP) has introduced a new number series of '013' alongside the existing '017' series.The new number series was unveiled on Sunday at a local hotel by Brig. Gen. Md. Mustafa Kamal, Director General (E&O), Bangladesh Telecommunication Regulatory Commission (BTRC), according to a statement. With '013' connections, customers will be...

Top 10 traded cos capture 42pc market turnover

The top 10 turnover leaders on Sunday captured 41.95 per cent of the turnover featured by the Dhaka Stock Exchange (DSE).Three of the turnover leaders were also in the list of top 10 gainers. The companies are Central Pharmaceuticals, Silva Pharmaceuticals and Shasha Denims. Summit Power on Sunday featured the...

Standard Chartered Bank signs MoU with BAT Bangladesh

British American Tobacco Bangladesh (BAT Bangladesh) inked a Memorandum of Understanding (MoU) with Standard Chartered Bank (SCB) to avail the 'Supply Chain Finance' programme - a financing programme for the distributors and suppliers of the bank's corporate clients, according to a statement.Shehzad Munim, Managing Director, BAT Bangladesh and Naser Ezaz...

Bank Asia provides born-blind treatment support

Bank Asia is providing treatment support to the underprivileged born-blind children (0-8 years) of the country since 2005, according to a statement.Under this project, as a part of social responsibility, all the expenses for the treatment like primary health checkup, operation, medicine and accessories of born-blind infants are carried out...

News Briefs-(15-10-2018)

Trust Bank to issue Tk 5.0b bondBSEC has approved a proposal of Trust Bank Ltd. to raise a capital of Tk 5.0 billion by issuing 'TBL Fully Redeemable Non-Convertible Unsecured Subordinated Bond IV' through private placement. The securities regulator has given consent under the provisions of the Securities and Exchange...

Agreement signs between Prime Bank and Anwar Landmark

Head of Consumer Banking Division of Prime Bank ANM Mahfuz and Executive Director (Sales & Marketing) of Anwar Landmark Noor-E-Alam Siddike signing an agreement on behalf of their respective organisations in presence of Managing Director & CEO of Prime Bank Rahel Ahmed and Managing Director of Anwar Landmark Hossain Khaled....

DSE/CSE News in Brief (15-10-2018)

DSE NEWSRecommendation of dividendEnvoy Textiles Limited: The company has recommended 10 per cent cash and 2.0 per cent stock dividend for the year ended on June 30, 2018. The AGM will be held on December 20, 2018 at 10:00 am at Samarai Convention Centre, 23/G/7, Panthapath, Dhaka-1205. The record date...

JPMorgan's consumer banking strength offsets bond trading weakness

JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and growth in loans helped the bank offset weakness in bond trading revenue, reports Reuters.The largest US bank by assets, whose results are often seen as a barometer of the economy, has benefited...