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

BSEC extends tenure for ten more years

The securities regulator has extended the tenure of the existing closed-end mutual funds (MFs) for another term of ten years.In this regard, the Bangladesh Securities and Exchange Commission (BSEC) has issued a directive scrapping its previous directive regarding conversion or liquidation of closed-end MFs on completion of tenure of ten...

Stock market continues losing streak for fourth day

Stocks extended their losing streak for four straight sessions on Monday as investors continued their selling binge on large-cap stocks.Brokers said the cautious investors kept their selling spree on large-cap sectors, particularly power and financial stocks, taking the market in the negative territory for the fourth day.The power sector continued...

Bashundhara Paper launches new product

Bashundhara Paper Mills Ltd has started commercial operation of 'Xtreme Mosquito Coil' as a new product of the Bashundhara Paper Mills.According to an official disclosure on Monday, the plant having a daily production capacity of 1.0 million pieces of coil has set a yearly production target of 36 million (3.60...

IBBL signs MoU with hospital

Islami Bank Bangladesh Limited (IBBL) signed a Memorandum of Understanding (MoU) with Insaf Barakah Kidney & General Hospital at Islami Bank Tower in the city recently, according to a statement. In presence of Mohammed Monirul Moula, Additional Managing Director, Abu Reza Md. Yeahia, Deputy Managing Director of the bank, and...

ICB Islamic Bank signs deal with Titas

Titas Gas Transmission & Distribution Company Limited (TGTDCL) and ICB Islamic Bank Limited (ICBIBL) signed an agreement recently on online system of gas bill collection, according to a statement. Under the agreement customers of Titas Gas can pay bills through any branches of the bank. Senior Vice President & Head...

ML Dyeing share jumps 142pc on debut trading

ML Dyeing Limited's share price jumped 142 per cent on the first day of trading on Monday despite the market continued to fall for the fourth straight session.The share traded between Tk 10 and Tk 31.90 each on the Dhaka Stock Exchange (DSE), before closing at Tk 24.20 each, rising...

Managing Director & CEO of Dhaka Bank and Acting Vice Chancellor of BRAC University exchanging documents

Managing Director & CEO of Dhaka Bank Ltd. Syed Mahbubur Rahman and Acting Vice Chancellor of BRAC University Shib Narayan Kairy exchanging documents of an agreement on cash management services signed in the capital recently while senior executives of the organisations were present

News Briefs-(18-9-2018)

BSEC commissioner Nizami gets extensionThe government has extended the tenure of BSEC commissioner Professor Helal Uddin Nizami for two more years. The Ministry of Public Administration issued a notification in this regard on Monday. Mr. Nizami joined the Bangladesh Securities and Exchange Commission (BSEC) immediately. As per the notification, his...