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

DSEX falls below 5,700-mark again

Stocks witnessed a major correction Monday with key index of Dhaka Stock Exchange (DSE) once again falling below 5,700-mark amid selling spree.Market operators said the retail investors went for selling spree to avoid further loss while the institutional investors could not support the market more because of persistent liquidity shortage."Ambiguity...

DSE to elect director today

The election for the post of a shareholder-director of Dhaka Stock Exchange (DSE) will be held today (Tuesday) as a director set to retire this year.This year, Md Shakil Rizvi, managing director of Shakil Rizvi Stock Limited, will retire from the DSE board in line with the demutualisation scheme.Two candidates...

National Housing declares 19pc cash dividend

The earnings of National Housing Finance and Investments Limited rose marginally for the year ended on December 31, 2017.The company's earnings per share (EPS) rose 4.80 per cent to Tk 2.40 against Tk 2.29 reported for the same period of the previous year.The board of directors of the listed company...

New head of global banking at StanChart

Standard Chartered Bank Bangladesh has recently announced the appointment of Enamul Huque as Head of Global Banking, Bangladesh. Prior to this appointment, he was the Head of Commercial Banking, the bank said in a statement Monday, said a statement.Speaking about the appointment, Naser Ezaz Bijoy, CEO, Standard Chartered Bank Bangladesh...

News Briefs--(20-03-2018)

Mutual funds dominate gainers' chart Listed mutual funds Monday dominated the gainers chart on the day of losing prices by majority number of securities. Out of top 10 gainers, eight were from the sector of mutual funds, following investors' increased participation. SEML Lecture Equity Management Fund was the number one...

Southeast Bank Limited and Fareast Finance and Investment Limited exchanging documents after signing agreement

S. M. Mainuddin Chowdhury, Additional Managing Director, Southeast Bank Limited and Santanu Saha, Managing Director, Fareast Finance and Investment Limited, exchanging documents in presence of senior executives of the two organisations after signing an agreement recently, under which the bank will provide collection and payment services to Fareast Finance and...

AB Bank launching two new products -- "Visa International Debit Card" & "Deposit Double Installment Scheme"

President & Managing Director of AB Bank Moshiur Rahman Chowdhury pose for photograph with the bank's senior executives while launching two new products -- "Visa International Debit Card" & "Deposit Double Installment Scheme" -- in a press meet at a city hotel Monday

Sales of UFS-Bank Asia Fund unit begin today

The sales of the units of UFS Bank Asia Unit Fund, an open-end mutual fund, begin today (Tuesday).The securities' regulator -- Bangladesh Securities and Exchange Commission (BSEC) -- approved the draft prospectus of the unit fund on February 27.As per the approval, UFS-Bank Asia Unit Fund's initial size is Tk...

Standard Bank's principal branch in new location

Standard Bank Limited, Principal Branch has been shifted to Metropolitan Chamber Building (mezzanine floor), 122- 124, Motijheel C/A, Dhaka on Monday, according to a statement. Kazi Akram Uddin Ahmed, chairman of the bank, formally inaugurated the operation of the branch at new address as the chief guest while Mamun-Ur-Rashid, Managing...

Berger Paints signs MOU with P2P Experience Centre

Berger Paints Bangladesh Limited has signed a memorandum of understanding (MOU) with P2P Experience Centre, a one-stop solution provider for building materials from Chittagong.Under the agreement, both the institutions will jointly provide customers with quality products and services, according to a statement. Under the supervision of P2P, Berger Paints will...

One Bank signs MOU with Daraz Bangladesh Ltd

ONE Bank Limited (OBL) has signed a memorandum of understanding (MoU) with Daraz Bangladesh Ltd. (daraz.com.bd) recently to offer exclusive privileges for OBL card holders and employees, according to a statement.Syed Maruf Ali, Head of Cards of ONE Bank Limited, and Syed Mostahidal Hoq, Managing Director of Daraz Bangladesh, signed...

DSE/CSE News in Brief (20-03-2018)

DSE NEWSBoard meetingFAS Finance & Investment Limited: A meeting of the board of directors of the company will be held on March 27, 2018 at 4:00 pm to consider, among others, audited financial statements for the year ended on December 31, 2017.Suspension of tradingGrameenphone: Trading of the shares of the...