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

Active bond market imperative for financing mega projects: BB

Governor of Bangladesh Bank Fazle Kabir Thursday said an active bond market is imperative for financing large mega infrastructure projects."We should have a thriving bond market as the banks are not financing for long tenure," the BB Governor said when a delegation of Dhaka Chamber of Commerce and Industry (DCCI)...

IDLC net profit witnesses 28pc growth

IDLC Finance Limited reported net profit after tax of BDT 2,277 million in the year 2017, recording a strong 28 per cent growth from last year."All our business divisions - SME, consumer, corporate and our capital market subsidiaries delivered a strong performance throughout the year resulting in a strong financial...

Unique Hotel leads DSE transactions chart

The ten top-traded companies accounted for nearly 25 per cent of the total transactions on the country's premier bourse on Thursday, with Unique Hotel & Resorts topping the list.Analysts said Unique Hotel & Resorts topped the turnover chart as investors were active on its shares throughout the trading session while...

Overseas investors see BD stock market as emerging: MCCI

Net foreign investment in the country's capital market increased 27.14 per cent year-on-year in 2017 as many overseas investors considered the Bangladesh stock market as a frontier and emerging market. Metropolitan Chamber of Commerce and Industry, Dhaka, observed this in its review of economic situation in Bangladesh for October-December (Q2)...

Stocks break two-day winning streak

Stocks witnessed a major correction on Thursday, snapping a two-day gaining streak, as investors were mostly on selling spree amid ongoing dividend declaration session.Dealers said the market backed to the red as the risk-averse investors booked profits on quick-gaining December ending companies, especially banks and non-bank financial institutions issues.The banking...

Standard Bank inaugurates 123rd branch at Gopalganj

Standard Bank Limited (SBL) opened its 123rd branch at A. Samad Market, Chowrasta More, Thana Road, Kashiani, Gopalganj on Thursday. Kazi Akram Uddin Ahmed, Chairman of the bank formally inaugurated the branch as the chief guest while Mamun-Ur-Rashid, Managing Director & CEO of SBL presided over the ceremony, according to...

News Briefs--(16-02-2018)

MTB organises BAMLCO Conference 2018Mutual Trust Bank Limited (MTB) recently organised the Branch Anti- Money Laundering Compliance Officers' (BAMLCO) Conference 2018 on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), at BRAC-CDM, Khagan, Savar, Dhaka. Muhammad Mijanur Rahman Joddar,Executive Director, Bangladesh Bank and Deputy Head, BFIU, attended the...

DSE/CSE News in Brief (16-02-2018)

DSE NEWSRecommendation of dividendIDLC Finance: IDLC Finance Limited has recommended 30 per cent cash dividend for the year ended on December 31, 2017. The AGM will be held on March 29, 2018 at 10:00 am at "Utshab", Radisson BLU Water Garden Hotel, Airport Road, Dhaka Cantonment, Dhaka-1206. The record date...

MTB organised Branch Anti- Money Laundering Compliance Officers' Conference 2018

Mutual Trust Bank Limited (MTB) recently organised the Branch Anti- Money Laundering Compliance Officers' (BAMLCO) Conference 2018 on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), at BRAC-CDM, Khagan, Savar, Dhaka. Muhammad Mijanur Rahman Joddar,Executive Director, Bangladesh Bank and Deputy Head, BFIU, attended the programme as the Chief...

"Foreign Direct Investment Promotion Project "

Syed Mahbubur Rahman, Managing Director & CEO of Dhaka Bank Limited and Md. Rezaul Islam, General Manager, Foreign Exchange Investment Department of Bangladesh Bank exchanging documents after signing the agreement under JICA assisted "Foreign Direct Investment Promotion Project (FDIPP,BD-P86)" on Wednesday. Under this agreement Dhaka Bank will be able to...

IPDC Finance Limited signs agreement titled "Foreign Direct Investment Promotion Project"

IPDC Finance Limited signed an agreement titled "Foreign Direct Investment Promotion Project" with Bangladesh Bank under the assist of Japan International Cooperation Agency (JICA) Wednesday at Jahangir Alam Conference Centre, Bangladesh Bank. Fazle Kabir, Governor of Bangladesh Bank; Abu Hena Mohd. Razee Hassan, Deputy Governor; Ahmed Jamal, Executive Director of...

UCB signs MoU with The Westin Dhaka

United Commercial Bank Limited (UCB) recently signed a MoU with The Westin Dhaka at the Corporate Office of UCB. Under the MoU, UCB Platinum Credit Cardholders will enjoy 'Buy one get one free' buffet breakfast, lunch and dinner at "Seasonal Tastes" restaurant, Buy One Get One Free buffet BBQ dinner...