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

Stocks keep falling for 10 straight sessions

Stocks witnessed yet another bearish session Tuesday, extending the losing spell for ten sessions in a row, as investors kept their selling spree on sector-wise issues ahead of Ramadan.Market insiders said the ongoing pessimism, disappointing quarterly earnings results of most of the companies coupled with upcoming holy month of Ramadan,...

Banks show mixed performance in Q1

The listed banks have exhibited mixed performance during the January-March quarter (Q1) of 2018 as some 18 banks so far published their un-audited financial statements.The earnings per share (EPS) of many banks declined compared to same period of the previous year.The banks reporting less EPS than that of the same...

Intraco Refuelling makes trading debut tomorrow

Intraco Refuelling Station Limited (IRSL), a concern of Intraco Group, will make its share trading debut tomorrow (Thursday) on both the country's two bourses under "N" category, officials said.Intraco Refuelling Station, which received approval from Bangladesh Securities and Exchange Commission (BSEC) on January 16, raised Tk 300 million from the...

MJL goes for expansion

MJL Bangladesh Limited (MJL) has launched multi-compartment delivery truck for the first time in Bangladesh to deliver lubricating oil to its industrial customers, according to a recent statement issued by the company after disclosing the Q3 earnings for 2017-18."Being the leading lubricant solution provider of Bangladesh, this shows our commitment...

UCB signs MoU with Le Méridien

United Commercial Bank Limited (UCB) recently signed an MOU with Le Méridien Dhaka at the premises of the hotel, according to a statement. Under the MOU, UCB Platinum Credit Cardholders will enjoy 'Buy One Get One Free' buffet meal at "Latest Recipe" and "Olea" restaurant of Le Méridien Dhaka. Taufiq...

LankaBangla Finance to issue Tk 3.0b bond

The board of directors of LankaBangla Finance has approved issuance of subordinated bond of Tk 3.0 billion, said an official disclosure on Tuesday.The non-bank financial institution is going to issue the subordinated bond to improve the capital base (Tier-II) of the company.The issuance of the bond is, however, still subject...

Prime Ins awards employees' children

Prime Insurance Company has awarded scholarship to children of the company's employees under its CSR activities, said a statement.Prime Insurance Chairman Md. Zakiullah Shahid along with CEO Mohammodi Khanam handed over cheques to the children at a ceremony at the company's head office recently.The board of the company rewarded the...

NCC Bank Chairman Md. Nurun Newaz Salim inaugurating a three-day programme

NCC Bank Chairman Md. Nurun Newaz Salim inaugurating a three-day programme by cutting a cake, marking the bank's 25th anniversary at the bank's head office in Dhaka Tuesday while Vice-Chairman Sohela Hossain, Executive Committee Chairman S.M. Abu Mohsin, Risk Management Committee Chairman Yakub Ali Montu, Audit Committee Chairman Md. Amirul...

News Briefs(16-5-2018)

Dividend offer MBL 1st Mutual Fund: The trustee board of the fund has recommended 8.0 per cent cash dividend based on the Net income for the year ended March 31, 2018. The record date is on June 04, 2018. The fund has also reported EPU of Tk. 0.95, NAV per...