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

Stocks continue to bleed (2019-10-23)

Stocks extended their losing streak for the second straight session on Tuesday as worried investors continued their selling binge on large-cap shares.Brokers said ongoing pessimism coupled with liquidity shortage and lack of market depth kept investors mostly inactive.Large-cap five stocks -BATBC, ICB, Brac Bank, Berger Paints and City Bank, contributed...

Ten cos account for 27pc turnover on DSE (2019-10-23)

Ten most traded companies accounted for more than 27 per cent of transactions on the prime bourse on Tuesday.National Tubes generated the highest turnover.Market analysts said a section of investors sold National Tubes shares throughout the session as its share price soared more than 22 per cent within a month.Accordingly,...

KL investors for building economic zone in Bangladesh

Malaysia -based investors have expressed their interest to build an economic zone in Bangladesh.They showed their interest when an eight-member delegation of Malaysia-owned Ttijaya, Greenland Group, World Lin Chamber of Commerce and BRC Global, met Md Sirazul Islam, Executive Chairman of Bangladesh Investment Development Authority (BIDA), said a statement.Md Sirazul...

"Mercantile Bank-Abdul Jalil Education Scholarship"

A total of 160 poor and meritorious students were awarded scholarships at a ceremony organised at Damudya municipality bhaban auditorium in Shariatpur recently. Mercantile Bank Limited and Abdur Razzak & Mohammad Selim Trustee Foundation jointly organized the programme. At the ceremony "Mercantile Bank-Abdul Jalil Education Scholarship" has been awarded among...

News Briefs (23-10-2019)

Haiul Quaium BCIC chairman promoted Md. Haiul Quaium, Additional Secretary of the Government and Chairman of Bangladesh Chemical Industries Corporation (BCIC) has been promoted as Secretary (Grade-1). The Public Administration Ministry issued an official order recently in this regard. Md. Haiul Quaium joined as Chairman of BCIC on 29th January,...

Md. Arfan Ali ((4th from left-first row)

Md. Arfan Ali ((4th from left-first row), President & Managing Director of Bank Asia and Jon Thiele, Chief of Party, Feed the Future Bangladesh Aquaculture & Nutrition Activity of the WorldFish exchanging a Memorandum of Understanding (MoU) on financial package for smallholders involved with fish farming and aquaculture market actors...

MoU between Pubali Bank and Green Life Hospital

A Memorandum of Understanding (MoU) between Pubali Bank Limited and Green Life Hospital Ltd, has been signed recently at bank's head office. Md. Abdul Halim Chowdhury (5th from left), Managing Director & CEO and Mohammad Ali (6th from left), Deputy Managing Director of Pubali Bank Ltd, were present at the...

DSE/CSE News in Brief (23-10-2019)

DSE NEWSRecommendation of dividendSinobangla Industries Ltd.: The board of directors has recommended 10 per cent cash dividend for the year ended on June 30, 2019. The AGM will be held on January 30, 2020 at 11:00 am at the registered office of the company, Boro Baluakandi, Gazaria, Munshiganj. The record...

Kazi Akram Uddin Ahmed,

Kazi Akram Uddin Ahmed, Chairman of Standard Bank Limited inaugurating the 136th 'Pallabi Branch' of the bank as the chief guest at Alam Tower, Pallabi Main Road, Mirpur in the city on Tuesday where Md. Tariqul Azam, Managing Director (acting) was present

ICAB President A F Nesaruddin FCA (second from left)

ICAB President A F Nesaruddin FCA (second from left) and Professor Dr. Milan Pagon, Vice Chancellor (acting) of IUB (third from right) exchanging document after signing an MoU on Tuesday from their respective sides. Under the MoU ICAB will award exemptions from some papers of chartered accountancy studies to the...

ICMAB organised a 6-day leadership development programme

Dhaka Branch Council (DBC), ICMAB organised a 6-day leadership development programme on "Journey to Corporate Leadership: Making the Mindset Change" at Bali, Indonesia ended on Monday. Professor Dr. Sundar Venkatesh, Advisor of AIT Extension, Asian Institute of Technology (AIT), Thailand and Dr. Rainer Wolf, Country Head of Manufacturing, Edwards Lifesciences...

WeWork board accepts SoftBank rescue deal

WeWork's board has accepted a takeover plan proposed by SoftBank Group, handing control of the office-sharing startup to the Japanese firm, according to a source directly familiar with the matter, reports Reuters.WeWork owner The We Company's board was evaluating SoftBank's offer against an alternative financing proposal from JPMorgan Chase &...

Indian shares end lower as Infosys crashes

BENGALURU, Oct 22 (Reuters): Indian shares closed down on Tuesday, dragged by a sharp fall in Infosys stock, while weak earnings from a raft of companies further dented investor sentiment.Infosys dived nearly 17 per cent and was the biggest drag on the NSE index, as the country's No. 2 software...

Saudi outperforms on Q3 results, Dubai ends losing streak

Saudi Arabia's stock market rose sharply on Tuesday, outperforming other regional markets on the back of strong corporate earnings, while Dubai rebounded through gains in financials and property shares, reports Reuters.The Saudi benchmark index added 1.4 per cent with Al Rajhi Bank increasing 2.8 per cent and Alinma Bank leaping...