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

Stocks keep falling amid low turnover

Stocks witnessed yet another bearish session Monday, extending the losing streak for the three consecutive sessions, as investors were mostly inactive to put fresh fund on stocks.Dealers said the market maintained the bearish trend as cautious investors refrained from making fresh investment amid ongoing liquidity shortage in the banking sector...

Young officials steer the wheels of country's oldest bank

Pubali Bank Ltd enjoys a solid financial position performed by 'diligent and assiduous' business functionaries, mostly young officials."Depositors and our business partners remain safe, cocooned in our portfolio, enjoying the prudent service delivery," managing director and chief executive officer of Pubali Bank Ltd, Abdul Halim Chowdhury told the FE in...

Share price of two cos soaring sans PSI

Share price of two listed companies - Apex Foods and Metro Spinning are soaring without any price sensitive information (PSI) or any expansion plan.The prices of Apex Foods soared 32 per cent or Tk 45 each in the past six trading sessions on the country's premier bourse, which prompted the...

Ten top-traded cos clinch 25 per cent transaction

The ten top-traded companies accounted for more than 25 per cent of the total transactions on the country's premier bourse on Monday. CVO Petrochemicals Refinery topped the list.Market operators said the day's top turnover chart was dominated by mostly low-cap companies as investors were active on low-cap companies' shares throughout...

SCB meeting discusses trade, shipping issues

A Board of Directors meeting of Shippers' Council of Bangladesh (SCB) was held Sunday at the SCB conference room, Motijheel, Dhaka. Md. Rezaul Karim, chairman of SCB presided over the meeting, said a statement.The meeting reviewed the existing problem and other issues to boost trade of the country and discussed...

Recommendation of dividend

Reliance Insurance: Reliance Insurance Limited has recommended 15 per cent cash and 10 per cent stock dividend for the year ended on December 31, 2017. The AGM will be held on March 31, 2018 at 11:00 am at La-Vita Hall, Lake Shore Hotel, House # 46, Road # 41, Gulshan-2,...

IPDC, AAA Finance ink deal

IPDC Finance Limited and AAA Finance and Investment Limited signed an agreement over rights issue of shares management on Monday at the head office of IPDC Finance Limited in Dhaka. Mominul Islam, Managing Director & CEO of IPDC Finance Limited and Mohammad Obaydur Rahman, FCS-Managing Director, AAA Finance and Investment...

Southeast Bank Limited signs agreement with SSD-Tech

Southeast Bank Limited recently signed an agreement with SSD-Tech (Doze Internet). Under this agreement, Southeast Bank Credit Cardholders may avail 20 per cent discount on their monthly internet subscription packages. SM Mainuddin Chowdhury, Additional Managing Director, Southeast Bank Limited seen.

Trust Bank signs participatory agreement with Bangladesh Bank

Trust Bank signed a participatory agreement with Bangladesh Bank regarding JICA-assisted Foreign Direct Investment Promotion Project at Bangladesh Bank recently. Governor of Bangladesh Bank Fazle Kabir and Chief Representative of JICA Bangladesh Office Takatoshi Nishikata were present in this ceremony. Managing Director & CEO (In-charge) of Trust Bank Faruq Mainuddin...

NHFIL signs agreement with Bangladesh Bank

National Housing Finance and Investments Ltd. (NHFIL) signed an agreement with Bangladesh Bank (BB) for JICA-funded Foreign Direct Investment Promotion Project (FDIPP) at a ceremony in the city recently. Md. Khalilur Rahman, Managing Director of National Housing Finance and Md. Rezaul Islam, General Manager of BB & Project Director of...

Senior officials at certification ceremony for newly-joined probationary officers

Arif Quadri, Additional Managing Director & Head of Human Resources of United Commercial Bank Limited and Abul Ali Ahad, Head of Learning & Development of the bank seen with senior officials at the certification ceremony for the newly-joined probationary officers.