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

Stocks keep losing on political jitters

Stocks witnessed yet another bearish session on Monday, extending the losing streak for the seventh session in a row, as risk-averse investors continued their selling binge.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 33 points or 0.62 per cent to settle at nearly one and...

Mercantile Bank Limited opened its 133rd branch at Baroadibazar in Narayanganj on Monday

Mercantile Bank Limited opened its 133rd branch at Baroadibazar in Narayanganj on Monday. A.K.M. Shaheed Reza, Chairman of the bank inaugurated the branch by cutting ribbon as the Chief Guest. Shahidul Ahsan and Alhaj Mosharref Hossain, Directors of the Bank spoke on the occasion as Special Guests while Managing Director...

CVO production suspended for 15 days

The production of CVO Petrochemical Refinery remains stopped for 15 days due to scheduled maintenance and machinery up-gradation work.The company's maintenance and machinery up-gradation work will be executed as per the decision of the board of directors."Production (process & operation department) will remain stopped for approximately 15 days from December...

Entrepreneur Organization (EO) Bangladesh held its 4th meeting of EO Board Room Series recently

Entrepreneur Organization (EO) Bangladesh held its 4th meeting of EO Board Room Series recently at Pran-RFL Center in Dhaka. Ahsan Khan Chowdhury, Chairman and CEO of Pran-RFL Group, Farzana Chowdhury (EO Bangladesh's President), Hossain Khaled (Founding President, EO Bangladesh) and Shameem Ahsan (extreme right), Chairman of e-Generation Ltd seen

StanChart, Anwar Landmark ink deal

Standard Chartered and Anwar Landmark recently signed an agreement through which clients purchasing apartments from Anwar Landmark with financing from Standard Chartered will enjoy attractive interest rate of 9.0 per cent and discounted processing fee of 1.0 per cent, said a statement.

IBBL discussion meeting on Victory Day

Islami Bank Bangladesh Limited organised a discussion meeting on the occasion of Victory Day on Monday at Islami Bank Tower. Professor Md. Nazmul Hassan, Ph.D addressed the programme as Chief Guest. Presided over by Md. Mahbub ul Alam, MD & CEO the programme was addressed by Dr. Md. Zillur Rahman,...

Saiham Textile claims Tk 700m losses for fire

FE ReportSaiham Textile Mills incurred losses approximately Tk 700 million due to a fire that broke out at its warehouse in Hobigonj on December 11. Fire broke out in the mill stock godown (located in Noyapara, Madhabpur, Hobigonj) at about 1:30am on December 11, said a disclosure posted on the...

Md. Mosharraf Hossain Bhuiyan, NDC, Chairman of National Board of Revenue

Md. Mosharraf Hossain Bhuiyan, NDC, Chairman of National Board of Revenue (NBR), handing over prize to a participant of an art competition organised by Jamuna Bank Foundation, as chief guest at IDEB Kakrail, in the city recently on the occasion of Victory Day 2018 where Al-Haj Nur Mohammed, Chairman of...

DSE/CSE News in Brief (18-12-2018)

DSE NEWSTime, venue of AGMQueen South Textile Mills Ltd.: The 16th AGM of the company will be held at Savar Golf Club, Savar Cantonemnet, Ashulia, Savar, Dhaka-1344 at 10:30 am on December 27, 2018. Other information of the AGM will remain unchanged.Tosrifa Industries Limited: The 16th AGM of the company...

Emeritus Professor Serajul Islam Choudhury addressing an event on 48th Victory Day,

Emeritus Professor Serajul Islam Choudhury addressing an event on 48th Victory Day, arranged by Institute of Chartered Secretaries of Bangladesh (ICSB) on Sunday. Mohammad Sanaullah FCS, ICSB president and Salim Ahmed, FCS also seen.

Sebi caps mutual funds' annual expense fees

Mutual funds' investor fees will be capped at 2.25 per cent of total expenses, according to new norms issued by markets regulator Sebi.Sebi's new fee structure will come into effect from April 1, 2019 and it will rationalise the total expense ratio (TER), the fee that mutual funds (MF) collect...