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

Stocks post modest gain after two-day slump

Stocks posted a marginal gain on Wednesday, snapping a two-day losing streak, as investors traded cautiously amid lack of clear market direction.The market started with an upward trend and the key index rose about 40 points within the first two hours of trading. But most of the initial gain eroded...

EU Delegation Ambassador visits MCCI office

The Ambassador of the European Union (EU) Delegation to Bangladesh Charles Whiteley, visited the Gulshan office of Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka on Wednesday, said a statement. The Ambassador was warmly received by a team from the members of the MCCI's Board of Directors led by its...

New CEO of Desh General Ins

Mohammodi Khanam has recently joined Desh General Insurance Company Limited as its Chief Executive Officer (CEO). A graduate and Post graduate in Economics of Dhaka University. Ms. Khanam also completed Professional Diploma in General Insurance from Bangladesh Insurance Academy. On her personal initiative she had introduced in Bangladesh few useful...

Net loss of BD Services up in Jul-Dec

Bangladesh Services, the state-run hospitality service provider, continued to incur losses for July-December 2021 period due to the poor revenue generation and increase of administrative and other expenses.The company has reported net loss of Tk 563.26 million for July-December 2021, as against loss of Tk 500.68 million in July-December 2020.Bangladesh...

Bank Asia received 1st prize winner in South Asia

Md. Sazzad Hossain, DMD & COO and Mohammad Ibrahim Khalil FCA, CFO of Bank Asia Limited, received the 1st prize winner in South Asia for Best Presented Annual Report 2020 (Private Sector Banks) and SAARC Anniversary Award for Corporate Governance Disclosures 2020 awarded by South Asian Federation of Accountants (SAFA)....

C & A Textile to raise Tk 500m

C & A Textile will raise a capital worth Tk 500 million issuing new shares to the new management.The company will raise the capital in line with a decision taken by its board of directors.The company will issue the shares at a price of last one year weighted average share...

BDBL to sell 1.0m shares of ICB

Bangladesh Development Bank Ltd. (BDBL), one of the corporate sponsor-directors of the state-run Investment Corporation of Bangladesh (ICB) will sell 1.0 million shares. According to a disclosure posted on the website of Dhaka Stock Exchange (DSE). — FE Report

NLI 1st MF to be converted into open-ended fund

Unitholders of NLI First Mutual Fund (NLI1STMF) agreed to convert the fund into an open-ended fund. The unitholders in a meeting of NLI First Mutual Fund (NLI1STMF) on a virtual platform recently agreed on the issue. The unit ended its 10-year tenure as a closed-end mutual fund on February 06,...

Stocks jump as Ukraine tensions ebb

Feb 16 (Reuters): Emerging market stocks eyed their best day in one week on Wednesday, as fears of a Russian invasion of Ukraine waned.Moscow's signal to return some troops to base from near the Ukrainian border buoyed investor sentiment, boosting emerging market stocks (.MSCIEF) by 1.4pc and weakening safe-haven bets...

Provide tech support to increase investments

Japan can play a key role in increasing investments in Bangladesh in the time of 4IR (4th Industrial Revolution) by bringing in Japanese technology and sharing experiences of large-scale industrialisation.President of Chittagong Chamber of Commerce & Industry (CCCI) Mahbubul Alam made the remarks at a webinar jointly hosted by Japan...

Oracle working to boost cloud adoption across industries

Oracle Bangladesh, the local chapter of the global software giant, has merged its vision with the spirit of 'Digital Bangladesh' and the country's aspiration to become knowledge-based economy by 2041, says its Country Managing Director Rubaba Dowla.Using its knowledge, infrastructure and innovation, Oracle is ready to collaborate with the government...

Walton launches 'Green CSM'

Walton has taken 'Green CSM' initiative to reduce carbon emissions at its service points, making a significant contribution to achieving Sustainable Develop-ment Goals (SDGs). Walton's Customer Ser-vice Management is implementing the 'Green CSM' to achieve its 'Vision Go-Global' as part of its 'Better Bangladesh Tomorrow' initiative, says a press release.Golam...