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

Merchant banks allowed provisioning facility

The securities regulator has allowed the merchant banks to avail provisioning facility like financial institutions (FIs) and mutual funds (MFs).The facility has been offered in case of provisioning against the losses incurred from the investments made in MFs.The decision was taken on Tuesday at a meeting held at the office...

MTB launches UnionPay payment solutions

Mutual Trust Bank Ltd. (MTB) has started issuing UnionPay cards as the first commercial bank in the country, in collaboration with UnionPay International. MTB has also launched UnionPay QR code payment, digital wallet and virtual cards. Cai Jianbo, CEO of UnionPay International, Md. Hedayetullah, Chairman, Rashed A. Chowdhury, Director &...

Stocks soar as bank shares surge

Stocks ticked higher on Tuesday, remaining flat in the previous day, powered by investors' buying spree, particularly on financial issues.Market insiders said the institutional investors were active on sector specific stocks, especially banking and financial institutions while some rebalanced their portfolios based on latest quarterly earnings results."The retail investors reacted...

Prime Bank signs agreement with M. M. Ispahani Limited

Prime Bank has recently signed an agreement with M. M. Ispahani Limited. Rahel Ahmed, Managing Director & CEO of Prime Bank Ltd, and Mirza Salman Ispahani, Chairman of M. M. Ispahani Limited, signed the agreement on "Ispahani Sales Proceed Collection" in presence of other high officials from both organizations. Under...

Bata Shoe declares 240pc interim cash dividend

The board of directors of Bata Shoe Company has declared 240 per cent interim cash dividend, said an official disclosure on Tuesday.The shoe maker declared the interim dividend considering the performance of the company up to third quarter 2018 results and the retained earnings up to December 31, 2017.The record...

Innovative ‘financing options for all export sectors’ a must

Introduction of attractive and innovative financing options for all export sectors are imperative to help ensure the growth of the country's economy."It is seen that current financing facilities are very much inclined to RMG while other sectors are neglected, that's why it is necessary to introduce attractive and innovative financing...

BAPLC appoints Secretary-General

Amzad Hossain Md. Amzad Hossain has recently been appointed as Secretary-General of the Bangladesh Association of Publicly Listed Companies (BAPLC), according to a statement. The decision came at the 78th executive committee meeting of BAPLC held on November 8, 2018 and became effective from November 9, 2018.Mr Hossain has been...

News Briefs (21-11-2018)

CSE revises Shariah Index The CSE Shariah Index has been revised on the basis of performance of the Chittagong Stock Exchange (CSE) listed companies. The new index will be effective from 29 November 2018. CSE Shariah index is reviewed twice in a year. The new 6 companies which have been...

DSE/CSE News in Brief (21-11-2018)

Dividend disbursementRupali Life Insurance Company Ltd.: The company has informed that it has credited the bonus shares for the year ended on December 31, 2017 to the respective shareholders' BO Accounts and disbursed cash dividend through BEFTN.Query responseStylecraft Limited: In response to a DSE query dated November 19, 2018, the...

"Induction Training Programme"

Mamun-Ur-Rashid, Managing Director of Standard Bank Limited inaugurated a two-day long "Induction Training Programme" for newly-recruited Trainee Assistant Officers organised by the Training Institute of the Bank. Among others Md. Zakaria, Principal and Md. Amzad Hossain Fakir, Faculty of the Standard Bank Training Institute were present on the occasion

84th Agent Banking Outlet of SIBL

Md. Sirajul Haque, Deputy Managing Director of Social Islami Bank Limited (SIBL), inaugurating the 84th Agent Banking Outlet of the bank as chief guest at Momin Nagar Bazar, Sonapur, Noakhali on Monday

Omar Farooque, Managing Director of Union Bank Limited, inaugurating the Bhulta Branch

Omar Farooque, Managing Director of Union Bank Limited, inaugurating the Bhulta Branch of the bank as the chief guest at Rupganj in Narayanganj on Tuesday where Hasan Iqbal, Deputy Managing Director of the bank was present