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

The cos get BB approval

The Bangladesh Bank (BB) has approved the proposal of transferring 99.99 per cent shares of Meghna Energy Limited to Heidelberg Cement Bangladesh for a total consideration of above Tk 910.75 million, according to Dhaka Stock Exchange (DSE).The BB's approval came as part of completing the acquisition of 99.99 per cent...

Premier Bank holds yearly biz confce

The Premier Bank Limited arranged its Annual Business Conference-2018 recently at Bhawal Resorts & SPA at Gazipur, said a statement.Chairman of the bank, Dr. H.B.M. Iqbal inaugurated the conference as the Chief Guest. This year's theme of the conference was " Putting our values together makes us better" focusing on...

Western Marine, Dragon Sweater earnings jump

Western Marine Shipyard and Dragon Sweater and Spinning have reported higher earnings for the period of October-December, 2017 compared to the same period of the previous year.According to un-audited financial statements, the Western Marine Shipyard witnessed 76 per cent growth in earnings per share (EPS), while Dragon Sweater and Spinning...

IBBL to embrace FinTech

The Islami Bank Bangladesh Limited (IBBL) will upgrade technology-based banking in 2018 to make financial services more accessible to the mass people.The Shariah-based leading bank will also give emphasis on small investment along with large one aiming to bring more people into its network during the ongoing calendar year.The moves...

DSEX dips below 6,100-mark

Stocks witnessed yet another bearish session Monday, extending the losing streak for the second consecutive sessions, as risk-averse investors continued their selling spree ahead of monetary policy announcement.Market operators said the ongoing pessimism coupled with upcoming monetary policy statement (MPS) kept investors mostly inactive, taking the key index below 6,100-mark...

News Briefs-(16-01-2018)

NCC Bank holds annual business confceA two day-long Executives & Branch Managers "Annual Business Conference-2018" of NCC Bank Ltd. ended recently at The Palace Luxury Resort in Habiganj. Md. Nurun Newaz Salim, Chairman of the Bank inaugurated the conference as chief guest and Sohela Hossain, Vice chairman of the Bank...

GP, Square Pharma grab 17pc turnover Top 10 traded cos snare 34pc transaction

The largest market-cap listed company - Grameenphone (GP) topped the Dhaka bourse's transaction chart Monday while top 10 traded companies accounted for 34 per cent of the total turnover.Dealers said investors were active on GP's share throughout the trading session. Square Pharmaceuticals, the second largest market-cap listed company emerged as...

Advent Pharma's IPO subscription to begin Feb 11

The initial public offering (IPO) subscription of Advent Pharma is set to begin on February 11 which will raise a fund worth Tk 200 million from the public.IPO subscription of eligible investors through electronic subscription system under fixed price method of the animal health care drugs manufacturer will be continued...

Fortune Shoes now in "A" category

Fortune Shoes will be placed in "A" category from existing "N" category with effect from today (Tuesday) as the company has reported disbursement of 12 per cent stock dividend for the year ended on June 30, 2017.The shoe maker has informed that the bonus shares of the company for the...

Speaker-elect of London Tower Hamlets, Sabina Akhtar called on President Abdul Hamid

The first-ever female Speaker-elect of London Tower Hamlets, Bangladesh-origin Sabina Akhtar called on President Abdul Hamid recently at the Bangabhaban. Chairman of Centre for NRBs, MS Shekil Chowdhury also seen.

A two day-long Executives & Branch Managers "Annual Business Conference-2018" of NCC Bank

A two day-long Executives & Branch Managers "Annual Business Conference-2018" of NCC Bank Ltd. ended recently at The Palace Luxury Resort in Habiganj. Md. Nurun Newaz Salim, Chairman of the Bank inaugurated the conference as chief guest and Sohela Hossain, Vice chairman of the Bank graced the occasion as special...

Social Islami Bank Limited (SIBL) inaugurated its 139th branch

Social Islami Bank Limited (SIBL) inaugurated its 139th branch "Darus Salam Road Branch" Monday at Mirpur-1, Dhaka. Chairman of Social Islami Bank Limited Professor Md. Anwarul Azim Arif inaugurated the Branch as the Chief Guest. Md. Kamal Uddin, Director and Chairman of Risk Management Committee, Dr. Jahangir Hossain, Director and...

Logo of Bangladesh Science Academy-First Security Islami Bank Science Olympiad- 2018

The Logo of Bangladesh Science Academy-First Security Islami Bank Science Olympiad- 2018 was unveiled recently. Syed Waseque Md. Ali, Managing Director, First Security Islami Bank Limited seen, among others on the occasion.

Annual Conference-2018 of Rupali Insurance Company Limited

The Annual Conference-2018 of Rupali Insurance Company Limited was held in the city recently. Chairman of the company Mostafa Golam Quddus presided over the conference. Management and Financial Consultant of the company M Azizul Huq, Chief Executive Officer PK Roy and Additional Managing Director Mohd. Alamgir were present in the...