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

High-profile confce on April 28

A high-profile conference titled 'local capital market infrastructure financing conference' will be held in the city on April 28.Arranged by Dhaka Chamber of Commerce & Industry (DCCI), the conference aims to demonstrate how long-term infrastructure financing can be successfully institutionalised through developing capital market, identifying opportunities to channel institutional capital...

Kamal assures BSEC of budget incentives

Finance Minister A H M Mustafa Kamal has assured the securities regulator of his sincere consideration to provide incentives for the capital market in the upcoming budget, a release said.The minister gave the assurance at a meeting, held at the Bangladesh Securities and Exchange Commission (BSEC) office on Monday, which...

ICB seeks Tk 9.0b under refinancing scheme

The state-run Investment Corporation of Bangladesh (ICB) has sought the fund of Tk 9.0 billion which was earlier disbursed under the refinancing scheme of the capital market.The corporation has sought the fund to provide 'instant' support to the capital market which recently has witnessed continuous correction amid lack of confidence.To...

Stocks continue to bleed (2019-04-24)

Stocks tumbled on Tuesday and turnover fell below Tk 3.0 billion-mark, as worried investors sold shares, fearing further fall of prices.The market cap of DSE shed Tk 281 billion in the past three months' slump and the benchmark index eroded 690 points or 11.60 per cent during the period under...

Dr. Chowdhury Nafeez Sarafat

Dr. Chowdhury Nafeez Sarafat, Chairman of Padma Bank Limited and Canadian University of Bangladesh, accompanied Bangladesh Prime Minister Sheikh Hasina during her three-day official visit to Brunei.

Masud Khan appointed chairman of GSK Bangladesh

Masud Khan Masud Khan has recently taken over as the Chairman of GSK Bangladesh. Currently he is working as the Chief Executive Officer of Crown Cement Group Bangladesh, said a statement. At the same time, he is an independent director of Marico Bangladesh, Berger Paints Bangladesh Limited and Viyellatex Limited....

ULAB seminar on VC

Mr. Afshin Moayed, Principal, Razor Capital, UK, conducted an insightful and interactive two-hour seminar on startup, startup financing, angel investments, venture capital, and alternative investments, for ULAB Executive MBA (EMBA) and MBA students. The seminar was organized by Mr. Sajid Amit, Director, ULAB EMBA Program. In this seminar, Afshin introduced...

Fortune Shoes leads DSE turnover chart

Top ten-traded firms captured more than 38 per cent transaction of the Dhaka Stock Exchange (DSE) on Tuesday while Fortune Shoes dominated the chart.Market analysts said investors were active on Fortune shares amid positive expectations in its quarterly earnings ahead.The company Tuesday informed that a meeting of the board of...

AgroBanking to bring financial inclusion

Developed by United Commercial Bank and Shwapno, the AgroBanking project aims to provide financial inclusion to the nation's low income farmers through excess produce. Keeping in mind that many farmers grow their own produce, a lot of it is often left unconsumed, resulting in wastage. When it isn't wasted, it...

News Briefs (24-04-2019)

GP holds AGMThe 22nd Annual General Meeting (AGM) of Grameenphone Ltd. was held on Tuesday at the International Convention City, Bashundhara (ICCB). Tuesday. During the AGM, Grameenphone shareholders approved 155% Final Dividend (Cash) and 125% Interim Dividend (Cash), which has already been paid. The cumulative dividend for 2018 stands at...

39th Annual General Meeting of Singer Bangladesh

The 39th Annual General Meeting of Singer Bangladesh Ltd. was held on Tuesday at the Singer factory, Savar, Dhaka. Dr. Fatih Kemal Ebiçlioglu, Chairman, Singer Bangladesh Limited presided over the meeting. The AGM approved 30% stock dividend for 2018

National Life Insurance Company celebrates 35th anniversary

National Life Insurance Company Limited celebrated its 35th anniversary on Tuesday at NLI Tower, Karwan Bazar in the city. Morshed Alam MP, chairman of the company, was present as the chief guest. Ex-Chairman Mahmudul Huq Taher, Director S I Chowdhury, Sponsor shareholder K.M Habib Zaman, Kazi Mahmuda Zaman and Managing...

Emranul Huq

Emranul Huq, Acting Managing Director of Dhaka Bank Limited, and Khondaker Sabbir Mohd. Kabir, Director, Accounts and Audit of American International University-Bangladesh (AIUB), are seen exchanging documents at a signing ceremony between two organizations which took place at AIUB Campus, Kuratuli, Dhaka recently. Under this agreement, students of AIUB can...