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

Pragati Life's rights share subscription to open Sept 24

Rights shares subscription of Pragati Life Insurance is set to begin September 24, aiming to raise Tk 230.27 million.The subscription period for the life insurer will be continued until October 20, 2020, according to an official disclosure on Tuesday.The record date for entitlement of rights share is on September 7.The...

SBAC Bank approves 10pc stock dividend

The 7th Annual General Meeting of South Bangla Agriculture and Commerce (SBAC) Bank Limited was held online on Tuesday, said a statement. S.M. Amzad Hossian, Chairman of SBAC Bank, presided over the meeting. The AGM approved 10 per cent stock dividend for the year ended on December 31, 2019.The bank's...

BSEC for freezing bank account of C & A Textiles, Tung Hai Knitting directors

The securities regulator has requested the central bank to freeze bank account of all directors, including managing directors, of two listed companies as they sold shares unlawfully.The Bangladesh Securities and Exchange Commission (BSEC) made the plea on Tuesday through a letter sent to Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh...

First Security Islami Bank holds foundation course

A foundation course for newly recruited probationary officers of First Security Islami Bank Limited has recently been inaugurated by using digital platform at FSIBL Training Institute, said a statement. Syed Waseque Md. Ali, Managing Director, First Security Islami Bank Ltd, inaugurated the foundation course. In his inaugural speech, he laid...

Adil Chowdhury new DMD of Bank Asia

Adil Chowdhury has joined the senior management team at Bank Asia Ltd as deputy managing director recently, said a statement. Mr. Chowdhury has over two decades of successful banking experience with more than 15 years international exposure, most recently serving as Director of The Bank of Nova Scotia (Canada) in...

SIBL inaugurated ATM Booth at Ittefaq Mor

Social Islami Bank Limited (SIBL) inaugurated an ATM Booth at Ittefaq Mor, Dhaka on Monday. Mohammad Forkanullah, SEVP & Manager, Md. Rezaur Rahman, VP & Operation Manager, SIBL Principal Branch, Mohammad Wahiduzzaman, Head of ADC and other senior officials were present in the programme.

News Briefs (19-08-2020)

Board meetingsBangladesh Shipping Corporation: A board meeting of the corporation will be held on August 24, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the company for the third quarter period ended on March 31, 2020.Bay Leasing & Investment Ltd: A board meeting of the company...

Nasdaq, S&P climb at Wall Street open as Dow retreats

NEW YORK, Aug 18 (AFP): Wall Street was off to a mixed start on Tuesday, with the Nasdaq and S&P 500 looking to build on gains from the day before even as the Dow lost steam.About 30 minutes into trading, the Dow Jones Industrial Average was down 0.2 percent at...