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

Rallies spur investors to book profit

Dhaka bourse on Sunday closed the session with a marginal loss both in broad index and turnover value as major sectors performed mixed amid investors' cautious stance adopted to watch the market's movement.The market opened the session flat and soon later the DSEX, broad index of Dhaka Stock Exchange (DSE),...

FSIBL to issue rights

First Security Islami Bank has moved to raise its paid-up capital through rights to be issued at a ratio of 1R:2 subject to the regulatory approval.The company's board of directors has made the recommendation in favour of rights offer, according to a disclosure posted on the website of Dhaka Stock...

Sonali Paper recommends 40 per cent dividend

Sonali Paper & Board Mills has recommended 20 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2021.In a disclosure, the company said its dividends are recommended out of the distributable profit for that period. "The board of directors has also made a...

Union Bank gets BSEC approval to go public

The Bangladesh Securities and Exchange Commission (BSEC) has approved the proposal of Union Bank Limited for issuance of IPO of BDT 4.28 billion under fixed price method, said a statement. It is the largest IPO in terms of size among the banks and the 4th highest in the capital market...

Prime Bank conducts first SOFR-linked transaction

Prime Bank has successfully completed its first transaction in Secured Overnight Financing Rate (SOFR). This is a pioneering step for Prime Bank to adopt SOFR as the new global alternative benchmark rate, as London Interbank Offered Rate (LIBOR) will cease to exist after June 2023, said a statement. LIBOR has...

Paltu re-elected chairman of Union Insurance

The 21st Annual General Meeting of Union Insurance Co. Ltd was held on Sunday at Company Head Office in the city. The AGM was presided over by the Chairman of the Company Mr. Mozaffar Hossain Paltu. The shareholders expressed their satisfaction with the overall performance of the company, said a...

HSBC collaborates with IUB to assist students' int'l education journey

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh and Independent University, Bangladesh (IUB), one of the leading private universities inthe country, are entering into a collaboration to assist students planning for overseas education through HSBC's International Education services, said a statement.HSBC's International Education is a comprehensive proposition catering the...

Stakeholders want joint testing labs under proposed CEPA

Stakeholders from both public and private sectors have urged the commerce ministry to include a proposal for setting up joint testing laboratories and introducing one-stop service for investors in the proposed Comprehensive Economic Partnership Agreement (CEPA) between Bangladesh and India.They made the call at the 3rd stakeholder consultation meeting, organised...

Mobile internet speed up by 15pc in BD

In the last one year, global mobile internet speed has increased by 59.5 per cent while in Bangladesh it has increased by 15.38 per cent only, which is about one-fourth of the global average, revealed a recently published Global Index by Ookla, reports UNB.According to the data presented in the...

Nat’l Portal, a gateway for all types of info

Abu Sufian, a middle-aged rural man, wanted to make a passport to materialize his long wishes of performing hajj, but he had no idea about how to make the passport and he had also little knowledge about internet.As per the suggestion of his younger son, he visited the Bangladesh National...

Modhumoti Bank holds audit committee meeting -

The 33rd meeting of the audit committee of the board of directors of Modhumoti Bank Limited was held on Sunday with assistance of Zoom technology. The meeting was presided by Shaikh Salahuddin, MP, Chairman of Audit Committee and Vice-Chairman of the board of directors of Modhumoti Bank. Among the members...

Marico introduces new Talent Value Proposition

Marico Bangladesh Limited recently introduced its new Talent Value Proposition (TVP) which focuses on nurturing the growth of its members. In line with the new proposition, the FMCG giant will recalibrate its culture and work processes to emphasize the role of innovation, entrepreneurship, inclusion, collaboration, and purpose in the workplace....

Bahaddarhat Branch of First Security Islami Bank relocated to new premises

The Bahaddarhat Branch of First Security Islami Bank Ltd relocated to new premises- 4068/4522, Toyoba Market (1st and 2nd Floor), Bahaddarhat, Chandgaon, Chattogram on Sunday. Md. Mustafa Khair, Additional Managing Director of the bank, inaugurated the activities of relocated branch to new premises through a video conference.

MTB signed agreement with SME Foundation

Mutual Trust Bank Limited (MTB) has recently signed an agreement with SME Foundation to disburse stimulus loan arranged by Government of Bangladesh. Dr Md Mafizur Rahman, Managing Director of SME Foundation, and Syed Mahbubur Rahman, Managing Director & CEO of Mutual Trust Bank, signed the agreement on behalf of their...

An agreement signed between SIBL and SME Foundation

An agreement was signed between Social Islami Bank Limited (SIBL) and SME Foundation to disburse SME investment under the second phase of incentive package announced by Prime Minister. Dr. Md. Mofizur Rahman, Managing Director of SME Foundation, and Md. Tajul Islam, Managing Director & CEO (C.C) of SIBL, signed the...