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

Stocks extend losing streak for second day

Stocks extended the losing streak for the second straight session Wednesday as investors continued to sell shares due to lack of confidence in the market.Brokers said the market fell further as sellers became active on sector-wise stocks in the final hour of the trading session.DSEX, the prime index of Dhaka...

Dragon Sweater to issue rights shares

The board of directors of Dragon Sweater and Spinning Ltd has decided to issue rights shares for mobilising more than Tk 881 million to expand the company's existing capacity.The company will offer two rights shares for existing three shares at Tk 10 each, according to a disclosure on Wednesday.The company's...

ICSB for reducing corporate tax rate

Institute of Chartered Secretaries of Bangladesh (ICSB) has proposed to reduce the rate of corporate tax to a reasonable level in the upcoming national budget for attracting both local and foreign investments."This measure would help boost the industrial development in the country as well as create employment opportunities," the ICSB...

NCC Bank organises blood donation prog

NCC Bank in collaboration with Bangladesh Red Crescent Society organised a voluntary blood donation programme as part of its social responsibility at NCC Bank Bhaban in the city recently on the occasion of the bank's 25th anniversary, according to a statement.Chairman of the bank Md. Nurun Newaz Salim inaugurated the...

Most energy cos report better earnings in Jan-Mar quarter

Most of the listed companies under fuel and power sector reported increased earnings per share (EPS) for the January-March (Q3) quarter of 2018 compared to the same period of previous year.Out of the 19 companies under the sector, three reported positive EPS for the quarter against the losses the companies...

Cisco to help drive BD's digital transformation

Cisco Wednesday deepened its commitment to Bangladesh with the launch of Cisco START- a new initiative specifically designed to help Bangladesh's small and medium businesses (SMBs) build their digital foundation.This initiative is a demonstration of Cisco's commitment to accelerate Bangladesh's digital transformation and showcase how digitisation can fuel economic growth,...

ECRL rates IDLC Finance ‘AAA’

Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating to IDLC Finance Limited as "AAA" in the long term and "ST-1" in the short term along with a stable outlook of the company based on audited financial statements up to December 31, 2017 and other relevant quantitative and qualitative...

DSE/CSE News in Brief (24-5-2018)

DSE NEWSReschedule of board meetingPubali Bank Limited: A board meeting of the company will now be held on May 30 at 3:00 pm to consider, among others, un-audited financial statements of the company for the first quarter (Q1) period ended on March 31, 2018.Disbursement of divGlaxoSmithKline(GSK) Bangladesh Ltd.: The company...