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

Stocks back to red as bank shares plunge

Stocks backed to the red Wednesday, after one-day break, as investors were keeping a wary eye on the latest amendment of Banking Companies Act.Market insiders said investors were unhappy as the revised law allows the doubling of the number of directors in a bank's board from a single family and...

BBS Cables now in A-category

BBS Cables will be placed in "A" category from existing "N" category with effect from today (Thursday) as the company has reported disbursement of 5.0 per cent cash and 15 per cent stock dividend for the year ended on June 30, 2017."The stock brokers and merchant bankers are requested to...

S. Alam Cold earnings down

The earnings of S. Alam Cold Rolled Steels declined in October-December, 2017 compared to same period of the previous year.According to the company's un-audited financial statement, the consolidated EPS stood Tk. 0.22 for October-December 2017 as against Tk. 0.31 for October-December 2016.The company's consolidated EPS was Tk. 0.55 for July-December,...

Three brokerage firms to face music

The securities regulator has imposed an aggregate amount of penalty worth Tk 0.4 million on three brokerage firms of Dhaka Stock Exchange (DSE) for breaching the securities rules.The decision was taken at a meeting held at the office of Bangladesh Securities and Exchange Commission (BSEC) Tuesday.As per BSEC decision, HAC...

Most Asian markets turn lower but HK breaks record

HONG KONG, Jan 17 (AFP): Hong Kong stocks hit an all-time high today, breaking a record that had been in place for more than 10 years, but most other major Asia markets fell into the red with energy firms hit by a dive in oil prices.The dollar rebounded from morning...

News Briefs (18-01-2018)

ICB to hold board meeting Jan 24Investment Corporation of Bangladesh has informed that a board meeting of the company will be held on January 24, 2018 at 3:00 pm to consider, among others, un-audited financial statements of the corporation for the second quarter (Q2) period ended on December 31, 2017....

'Foundation Training for Senior Officers & Officers', arranged by Pubali Bank

A training course on 'Foundation Training for Senior Officers & Officers', arranged by Pubali Bank Training Institute was held recently. Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Ltd. graced the occasion as Chief Guest in the inaugural ceremony. Niranjan Chandra Gope, Principal of Pubali Bank Training Institute, presided...

Deputy Managing Director & Chief Business Officer of Prime Bank receiving a crest

Md. Touhidul Alam Khan, FCMA, Deputy Managing Director & Chief Business Officer of Prime Bank receiving a crest as Panel Specialist from Jamal Ahmed Choudhury, FCMA, President of Institute of Cost & Management Accountants of Bangladesh (ICMAB) in a conference on "Changing Corporate Reporting Landscape" held recently.

Chandpur Power Generations Limited signed Power Purchase Agreement

Chandpur Power Generations Limited Wednesday signed a Power Purchase Agreement (PPA) with BPDB to develop a 115mw HFO-power plant at Chandpur. Mostafa Moin, CEO of Chandpur Power Generations Ltd and Mina Masud Uzzaman, Company Secretary of BPDB inked the PPA.

Bank Asia celebrates Agent Banking Day-2018

Bank Asia celebrates Agent Banking Day-2018 on Wednesday, marking the 4th anniversary of introducing agent banking service in Bangladesh. Chairman of Sirajdikhan Upazila Mohiuddin Ahmed, Deputy Managing Director (CRO) Humaira Azam, Senior Executive Vice President Sarder Akhter Hamed and Vice President & Head of Agent Banking Division Ahsan Ul Alam,...

DSE/CSE News in Brief (18-1-2018)

DSE NEWSShahjalal Islami Bank gets new chairmanShahjalal Islami Bank Ltd. has informed that Mr. Akkas Uddin Mollah has been elected as the chairman of the company.Board meetingNational Tea Company Ltd.: As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, National Tea Company Ltd. has informed that a...