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

Stocks unmoved by govt steps

Stocks on Wednesday failed to maintain the momentum of the previous day that saw sharp gain.The latest trend suggests retail investors remain unconvinced by government moves to support the moribund market.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 40.01 points or 0.82 per cent to...

UCB to issue Tk 4.0b perpetual bond

The board of directors of United Commercial Bank Ltd has decided to raise Tk 4.0 billion through issuance of Perpetual Bond.The bank will issue the bond to support the company Basel III compliance in line with Bangladesh Bank guidelines on risk based capital adequacy dated December 2014 and to support...

BSC generates highest turnover

Ten most traded companies captured 32 per cent transactions on the prime bourse on Wednesday, with the Bangladesh Shipping Corporation (BSC) generating the highest turnover.Market insiders said investors were active on BSC shares throughout the session following its corporate declarations.The state-run company has recommended 10 per cent cash dividend for...

Signing ceremony of redeemable, non-convertible, cumulative preference shares held

A signing ceremony of the redeemable, non-convertible and cumulative preference shares up to Tk 800.00 million for Zodiac Power Chittagong Limited was held at a hotel in the city recently, said a statement. This is a 54.363 MW (net) HFO based Power Plant at Potiya, Chattogram. Dhaka Bank Limited is...

Mastercard India elevates Vikas Varma to COO

Vikas Varma Mastercard, a leading technology company in the global payments industry,announced the elevation of Vikas Varma to Chief Operating Officer.Vikas has been associated with Mastercard since 2005 and has held various leadership roles, including overseeing business,market and merchant development, among others. Recently, Mastercard announced an investment of US$1 billion...

News Briefs (17-10-2019)

Transfer fund allowed from Jamuna Bank to bKash accountJamuna Bank account holders are now able to transfer fund to any bKash customer account using their JustPay App. Jamuna Bank account holder will use his/her JustPay App credentials to log into bank account and perform transaction. The fund transfer will take...

Jamuna Bank openes 134th branch at Rahimanagar

Jamuna Bank opened its 134th branch at Rahimanagar, Kachua, Chandpur recently. Eng. A.K.M. Md. Atiqur Rahman, Chairman, Jamuna Bank Limited inaugurated the branch as the chief guest. Shafiqul Alam (2nd from right), Managing Director & CEO of Jamuna Bank presided, over the programme. Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation...

Kentaro Takahashi

(from left) Kentaro Takahashi, Program Manager, Climate and Energy Area, IGES, Moshiur Azam, Vice President of BGMEA, Tareq Rafi Bhuiyan (Jun), Secretary General of JBCCI, Dr. Nurul Quadir, Additional Secretary, Ministry of Environment, Forest and Climate Change and Habibun Nahar, MP, Deputy Minister, Ministry of Environment, Forest and Climate Change,...

DSE/CSE News in Brief (17-10-2019)

DSE NEWSRecommendation of dividendNorthern Jute Manufacturing Co. Ltd.: The board of directors has recommended 100 per cent cash dividend for the year ended on June 30, 2019. The AGM of the company will be held on December 08, 2019 at 9:30 am at RAOWA Convention Hall-3 (Eagle), VIP Road, Mohakhali,...

Quazi Osman Ali (centre)

Quazi Osman Ali (centre), Managing Director and CEO of Social Islami Bank Limited (SIBL), inaugurating its EPZ Banking Booth at Uttor Ashrafpur, Cumilla managed by Cumilla Branch of the bank on Wednesday

Abdul Malek Mollah (3rd from right)

Abdul Malek Mollah (3rd from right), Director of Al-Arafah Islami Bank Limited, inaugurating the 176th branch of the bank at Signboard of Narayangonj on Wednesday where Farman R Chowdhury (4th from right), Managing Director and CEO of the bank, was present