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

Many listed cos see rise in foreign ownership

Many listed companies posted rise in foreign ownership at the end of 2017.Following increased participation by foreign shareholders, foreign stakes in some companies rose up to 41.28 per cent by December 28, 2017 from that of 2016.The companies which witnessed rise in foreign stakes are IDLC Finance, British American Tobacco...

Low-cap cos dominate DSE gainer chart

Listed companies with low capitalisation dominated the gainer's chart of the Dhaka Stock Exchange (DSE) Monday though they had no price sensitive information (PSI) or any expansion plan.The premier bourse served show-case notice on some of the low-cap companies recently. The companies, however, informed the premier bourse that they have...

Turnover exceeds Tk 5.0 billion-mark

Stocks extended the winning streak for the third running session Monday as investors were enthusiastic following the Finance Minister's positive remarks on stock market.Market operators said the investors were gradually regaining their confidence during the last couple of days following the Finance Minister's positive remarks on capital market.Finance Minister AMA...

CSE Investment Fair kicks off Feb 1

CHITTAGONG, Jan 22: Chittagong Stock Exchange is organising its sixth Capital Market and Investment Fair at the city's GEC Convention Centre. The three-day CSE Fair will start on February 1 and be concluded on February 3.Finance Minister AMA Muhith, Expatriate Welfare and Overseas Employment Minister Nurul Islam B Sc and...

Bank Asia inks deal with BB

Bank Asia Ltd. signed a participatory agreement with Bangladesh Bank on SME Development Project at the conference room of BB recently, said a statement. With the financial support of ADB and the Government of Bangladesh, the agreement was signed under the refinance scheme of US$240 million to expand financial services...

SCB re-elects chairman

The 36th Annual General Meeting (AGM) of Shippers' Council of Bangladesh (SCB) was held recently, said a statement.Md Rezaul Karim, Proprietor, S.N. Jute International was re-elected as Chairman of SCB. He is Vice Chairman of Asian Shippers' Alliance (ASA) & was Chairman of Bangladesh Jute Association (BJA). Ariful Ahsan, Chairman,...

IFIL holds annual business confce

A two-day annual business conference of Islamic Finance and Investment Limited (IFIL) was held at IFIL head office in the city recently, said a press release. Abul Quasem Haider, Chairman of the Board of Directors of IFIL and Executive Committee Chairman SM Bakhtiar Alam were present at the concluding session...

News Briefs(23-01-2018)

First Finance gets new MD & CEO Md. Nazrul Hossain has recently joined in First Finance Limited as the Managing Director & Chief Executive Officer. He started his banking career in 1983 with IFIC Bank Limited and worked in different banks with long and diversified banking experience. He also worked...

DSE News in Brief

Bonus shares Appollo Ispat Complex: Appollo Ispat Complex Limited has informed that the bonus shares of the company for the year ended 30 June 2017 have already been credited through CDBL to the respective shareholders' BO Accounts on 14 January 2018.Familytex: Familytex (BD) Ltd. has informed that the bonus shares...

Dr. Chakravarthi Rangarajan, a former Governor of Reserve Bank of India addressing a public lecture

Dr. Chakravarthi Rangarajan, a former Governor of Reserve Bank of India addressing a public lecture on central banking in the capital on Sunday. Bangladesh Institute of Bank Management (BIBM) organised the event in memory of late A K N Ahmed, the second Governor of Bangladesh Bank. Bangladesh Bank Governor Fazle...

18th AGM of Bangladesh Association of Publicly Listed Companies

The 18th Annual General Meeting (AGM) of Bangladesh Association of Publicly Listed Companies (BAPLC) was held recently at Six Seasons Hotel, Gulshan 2 in the city. The newly elected Executive Committee members for the two-year term 2018-2019 seen along with the newly-elected president Azam J. Chowdhury, outgoing president Muhammed Aziz...

Dhaka Bank Limited distributed winter clothes

Dhaka Bank Limited distributed winter clothes among the poor and distressed communities of the country as part of Corporate Social Responsibility (CSR) activities of the bank. Deputy Managing Director of the Bank Mohammad Abu Jafar and Company Secretary Arham Masudul Huq donated the winter clothes among the poor and distressed...

Pubali Bank Ltd donated a Toyota pickup van to DMP

Pubali Bank Ltd donated a Toyota pickup van to Dhaka Metropolitan Police (DMP). Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Limited handed over the key of the van to Md. Asaduzzaman Mia, Commissioner of Dhaka Metropolitan Police (DMP). Safiul Alam Khan Chowdhury, Additional Managing Director was also present.

41st Foundation Course for Trainee Junior Officers of First Security Islami Bank

The 41st Foundation Course for Trainee Junior Officers of First Security Islami Bank Limited was recently inaugurated at FSIBL Training Institute. Syed Waseque Md. Ali, Managing Director, First Security Islami Bank Ltd. inaugurated the course. Principal of FSIBL Training Institute, Md. Ataur Rahman and Faculty Member Muhammad Lutful Haque were...

SIBL and DPDC jointly opens electricity bill collection booth

Social Islami Bank Limited (SIBL) and Dhaka Power Distribution Company Limited (DPDC) jointly opened an electricity bill collection booth at Shaymoli Circle Bhaban in the city. Managing Director & CEO of Social Islami Bank Quazi Osman Ali and Managing Director of Dhaka Power Distribution Company Engr. Bikash Dewan inaugurated the...