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

CSE asked to resume trading, DSE to explain

FE REPORTThe securities regulator has asked the Chittagong Stock Exchange (CSE) to resume share trading of Rahima Food Corporation.At the same time, the Bangladesh Securities and Exchange Commission (BSEC) has asked the Dhaka Stock Exchange (DSE) to explain its position on the decision executed by de-listing the company from the...

Microvast to go public through SPAC merger

Electric-vehicle battery maker Microvast has agreed to go public through a merger with Tuscan Holdings Corp, the blank-check company said here on Friday, reports Reuters.Microvast, whose batteries powered the electric buses used in the 2018 Winter Olympic Games in Pyeongchang, South Korea, expects to generate more than $100 million in...

Modhumoti Bank holds board meeting

The 52nd meeting of the board of directors of Modhumoti Bank Limited was held on Saturday with assistance of zoom technology. Humayun Kabir, Chairman of the Board of Directors, Shaikh Salahuddin, MP, Vice-Chairman of Board of Directors, Barrister Sheikh Fazle Noor Taposh, MP, Chairman, Executive Committee of the Board, among...

SBAC Bank opens Dupchachia Sub-Branch

Tariqul Islam Chowdhury, Managing Director & CEO of South Bangla Agriculture & Commerce (SBAC) Bank, inaugurated Dupchachia Sub-Branch at Dupchachia Bazar in Bogura recently. Dupchachia Upazila Nirbahi Officer S. M. Zakir Hossain, Azad Group Partner Shahinur Rahman Sabuz, businessman Biplob Prosad, bank's Head of Credit ASM Hojaiffa Noman, Head of...

BRAC Bank launches financial package PROBAHO for BACCO members

BRAC Bank launched an exclusive financial package for the members of the Bangladesh Association of Call Center and Outsourcing (BACCO), said a statement. PROBAHO will support BACCO members with different facilities. It will provide better access to finance and support business expansion and fixed-asset purchases for the Business Process Outsourcing...

Bangladesh-Korea joint PPP platform meeting held

Bangladesh and Korea at a webinar on Saturday renewed their pledge to work together in timely and effectively implementing infrastructure projects through Public Private Partnership as Bangladesh continued with its journey on becoming a developed country, said a statement. Public Private Partnership Authority (PPPA), Bangladesh and Korea Infrastructure and Urban...

Correction (15-11-2020)

In the lead news under the headline 'Virus a boon to drug makers,' published on the front page in Saturday's issue of The Financial Express (FE) the EPS of Beximco Pharmaceuticals was wrongly mentioned as Tk 2.13 for September 30, 2020. Actually, the EPS for September 30, 2020 should read...

Maravai LifeSciences looks to raise $1.35b in IPO

Maravai LifeSciences Holdings said on Friday it is looking to raise up to $1.35 billion in its initial public offering (IPO). The biomedical company said it plans to sell 50 million shares priced between $24 and $27 apiece and will list them on the Nasdaq under the symbol "MRVI". —...