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

Intraco Refueling gets BSEC approval to go public

The securities regulator Tuesday approved the IPO (initial public offering) proposal of Intraco Refueling Station which will raise a capital worth Tk 300 million under fixed price method.The company will utilise the IPO fund for LPG bottling and setting up distribution plant along with bearing the IPO cost. The approval...

Stakeholders seek incentives for leathergoods companies

Stakeholders in a meeting Monday sought incentives for leather goods to expand country's export-base.The meeting was held between BUILD (Business Initiative Leading Development and LFMEAB (Leathergoods and Footwear Manufacturers & Exporters Association of Bangladesh) at LFMEAB office in the city, said a statement.Referring to the Rana Plaza incident, Md Saiful...

Stocks rebound strongly riding on bank, telecom shares

Stocks rebounded strongly Tuesday, snapping a two-day losing streak, as optimistic investors went on buying spree on sector-wise large-cap stocks.Brokers said the market returned to higher as investors showed their buying appetite on large-cap sectors, especially bank and telecommunication issues ahead of monetary policy announcement."The market registered the highest single-day...

Brokers, merchant bankers for proper coordination

Stock brokers and merchant bankers have sought proper coordination among the regulatory bodies to keep the capital market stable.They said the Bangladesh Bank (BB) and the securities regulator should maintain coordination while taking any decision that might affect the capital market.In this regard, they will meet to submit a set...

News Briefs--(17-01-2018)

Singer, BRAC to train 5000 womenSinger Bangladesh Limited and BRAC signed a Memorandum of Understanding (MoU) for launching the joint project - 'Abolombon'. 5000 underprivileged women across the country will receive free 'Tailoring Skill Development Training' under this project. President & CEO of Singer Asia Limited and Chairman, Singer Bangladesh...

Dragon Sweater leads turnover, gainer charts

The top 10 traded companies, including three banks, captured 34 per cent transaction of the Dhaka Stock Exchange (DSE) Tuesday while Dragon Sweater dominated the turnover and gainer chart.Brokers said the Dragon Sweater grabbed the top position in turnover and gainer chart as the company showed 54.76 per cent growth...

Al-Arafah holds biz confce

The Business Development Conference 2018 of Al-Arafah Islami Bank Ltd was held recently at Hotel Le Meridian Dhaka. Chairman of the Bank, Alhajj Abdus Samad Labu inaugurated the conference as the Chief Guest. The meeting was presided over by the Managing Director of the Bank, Md. Habibur Rahman.The conference was...

DSE/CSE News in Brief (17-1-2018)

DSE NEWSBoard meetingUsmania Glass Sheet Factory: Usmania Glass Sheet Factory Ltd. has informed that the board meeting of the company will be held on January 21, 2018 at 5:00 pm to consider, among others, un-audited financial statements of the company for the second quarter (Q2) period ended on December 31,...

BRAC Founder & Chairperson Sir Fazle Hasan Abed, President & CEO of Singer World Corporation Stephen H. Goodman

President & CEO of Singer Asia Limited and Chairman, Singer Bangladesh Limited Gavin J. Walker and Chief Financial Officer of BRAC and BRAC International Mohammad Mamdudur Rashid signed an MoU recently on behalf of their respective organizations. BRAC Founder & Chairperson Sir Fazle Hasan Abed, President & CEO of Singer...

Pubali Bank Limited signed a participatory agreement with Bangladesh Bank

Pubali Bank Limited signed a participatory agreement with Bangladesh Bank (BB) on Second Small & Medium Sized Enterprise Development Project (SMEDP2) at the conference room of BB recently. S.K. Sur Chowdhury, Deputy Governor of Bangladesh Bank and Md. Abdul Halim Chowdhury, Managing Director & CEO of Pubali Bank Limited seen....

United Commercial Bank Limited signed an agreement with Bangladesh Bank

United Commercial Bank Limited (UCB) signed an agreement with Bangladesh Bank on Second SME Development Project recently. This is a re-financing project of 240 Million USD which is funded jointly by Asian Development Bank (200 Million USD) and Bangladesh Government (40 Million USD). This fund will be utilized for the...

ONE Bank Limited signed a participatory financial institutions agreement on refinance under SMEDP-2

ONE Bank Limited signed a participatory financial institutions agreement on refinance under "Second Small and Medium Sized Enterprise Development Project-2 (SMEDP-2)" with Bangladesh Bank recently. Managing Director of ONE Bank Limited M Fakhrul Alam and General Manager, Financial Inclusion Departmet of Bangladesh Bank Abul Bashar signed the agreement on behalf...

National Life Insurance Company Limited settled a total of 1,553 insurance claims

National Life Insurance Company Limited settled a total of 1,553 insurance claims of Tk 173.3 million of Dhaka area at a programme held at Fantasy Kingdom in Ashulia recently. Chairman of the company, Morshed Alam, MP, handing over a cheque to a recipient while Chief Executive Officer Jamal MA Naser...

Annual Branch Managers' Conference of ICB Islamic Bank Limited

The Annual Branch Managers' Conference of ICB Islamic Bank Limited was held in the city recently. Managing Director and CEO of the bank Muhammad Shafiq Bin Abdullah inaugurated the conference while Sanjeev Anand, Chief Operating Officer of the bank was present. The conference reviewed overall progress of the year 2017...

Eurozone share markets push higher

LONDON, Jan 16 (AFP): Eurozone stock markets pushed higher Tuesday on the coattails of Asia, while London gains were capped by share price falls across the heavyweight energy and mining sectors.London's FTSE 100 was still close to hitting a new all-time high however, as sterling dropped on official data showing...