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

Turnover dips 72pc on premier bourse

Stocks extended the losing streak for the second consecutive sessions Tuesday as risk-averse investors continued their selling binge on sector-wise stocks.Brokers said ongoing pessimism coupled with tension over the selection of a strategic partner of the Dhaka bourse's share sales to strategic partner affected the investors' confidence.The Bangladesh Securities and...

Mutual funds dominate DSE gainers' list

Listed mutual funds (MFs) continued to dominate the gainers chart on Dhaka Stock Exchange (DSE) Tuesday as nine of the ten best performing issues were mutual funds despite the market ended lower.The mutual fund sector also registered the highest gain of 2.70 per cent as prices of 30 mutual funds...

Global debit card for AB Bank account holders

AB Bank Limited Monday launched two new products, “Visa International Debit Card” & “Deposit Double Installment Scheme” through a press meet at a local hotel.Visa International Debit Card is the first of its kind in Bangladesh. This service is aimed to allow all AB Bank account holders to have a...

DSE elects Minhaz as shareholder director

Minhaz Mannan Emon Minhaz Mannan Emon, managing director of BLI Securities, was elected as a shareholder-director of the Dhaka Stock Exchange (DSE) on Tuesday. Mr. Emon bagged 366.68 million votes (200 ballots cast out of 256 and each ballots equivalent to 2,886,042 votes) during the bourse's election, while opponent Ahmed...

BSEC forms body on proper functioning of OTC

The securities regulator has formed a five-member committee to make recommendation on the development of OTC (over-the-counter) market of Dhaka Stock Exchange (DSE).The committee was formed on Tuesday at a meeting chaired by the chairman of the Bangladesh Securities and Exchange Commission (BSEC) Professor M. Khairul Hossain.BSEC executive director Farhad...

DSE/CSE News in Brief (21-03-2018)

DSE NEWSReschedule of board meetingPrime Finance & Investment Limited: Prime Finance & Investment Limited has further informed that the board meeting of the company will now be held on March 27, 2018 at 3:00 pm to consider, among others, audited financial statements of the company for the year ended on...

Modhumoti Bank Limited 'Seba Soptaho' from March 20 to March 25

Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited seen in a programme while inaugurating 'Seba Soptaho' from March 20 to March 25 as Bangladesh attained all three criteria for graduation from the least-developed country (LDC) group to developing one. The bank arranged to provide services for its...

Farzana Chowdhury, Chartered Insurer, ACII (UK) handing over a brochure on insurance industry to Prof. Shibli Rubayat ul Islam

Managing Director and CEO of Green Delta Insurance Farzana Chowdhury, Chartered Insurer, ACII (UK) handing over a brochure on insurance industry to Prof. Shibli Rubayat ul Islam, Dean, Faculty of Business Studies, Dhaka University. The Green Delta Insurance CEO discussed to increase more awareness about insurance industry among the students...

'Best Islamic Bank in Bangladesh' award 2018

Md. Mahbub ul Alam (left), Managing Director and CEO of Islami Bank Bangladesh Limited receiving 'Best Islamic Bank in Bangladesh' award 2018 conferred by Malaysia-based Islamic Finance News recently in Kuala Lumpur

Indian shares end higher

Indian shares ended higher on Tuesday, reversing a recent spell of declines, as IT stocks such as Infosys Ltd and Tech Mahindra Ltd advanced, but broader gains were capped by losses in energy and material stocks, reports Reuters.The broader NSE index closed up 0.3 per cent at 10,124.35, after four...

Oracle discloses Q3 results

Oracle Corporation (NYSE: ORCL) Monday announced fiscal 2018 Q3 results. Total Revenues were up 6.0 per cent to $9.8 billion, compared to Q3 last year. Cloud and On-Premise Software Revenues were up 8.0 per cent to $8.0 billion. Cloud Software as a Service (SaaS) revenues were up 33 per cent...

Feni Lanka Power Limited

Director of Feni Lanka Power Limited (FLPL), a subsidiary of Lakdhanavi Limited, Sri Lanka Thamaka Thimbiripola, Secretary of Bangladesh Power Development Board (BPDB) Mina Masuduzzaman and Joint Secretary, Power Division from BPDB & Ministry Sheikh Faezul Amin seen at the Power Purchase Agreement (PPA) & Implementation Agreement (IA) signing ceremony...

Sarder Akhter Hamed posing for a photograph with the participants

SEVP & Head of MSME & Agri Division of Bank Asia Limited Sarder Akhter Hamed posing for a photograph with the participants of a 3-day training programme on "CMSE Financing" at the inaugural ceremony held at Bank Asia Institute for Training & Development (BAITD) at Lalmatia in the city recently

53rd board meeting of National Finance Limited

Chairman of National Finance Limited Md. Abdul Mannan Bhuiyan seen at the 153rd board meeting of the company at its head office in the city recently