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

Stocks post marginal fall for second straight day

Stocks posted a marginal fall for the second straight session Sunday as investors are watching tax measures review for listed companies by the NBR.DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,383, shedding 11.73 points or 0.21 per cent over the previous session.Market analysts said most...

Proposed VAT, tax hike to hit steel industry hard

The price of rod is likely to go up by 10,350/- per MT, if the proposed VAT and tax is implemented as per 2019-20 budget proposal.Bangladesh Steel Manufacturers' Association (BSMA) said at present Tk 1400/- per MT VAT is applicable on MS rod sales and Tk 200/- on retail sales.But...

Southeast Bank approves 10pc stock dividend

The 24th Annual General Meeting (AGM) of Southeast Bank Ltd. was held on Sunday at Officers' Club in the city. Mr. Alamgir Kabir, FCA, Chairman of the Bank, presided over the meeting. Bank's Vice-Chairperson Mrs. Duluma Ahmed, Directors- Mr. M. A. Kashem, Mr. Azim Uddin Ahmed, Mrs. Jusna Ara Kashem...

Tripartite MoU for developing the first ever blood bank management software

Dhaka Bank Limited recently signed a tripartite memorandum of understanding (MoU) with Sandhani (a blood donation voluntary institution) and Exhort (a software development institution) for developing the first ever blood bank management software and supporting website in Bangladesh.After the signing ceremony, Syed Mahbubur Rahman, Managing Director & CEO, Dhaka Bank...

Ten-traded cos snare 26pc turnover

Ten most-traded firms captured more than 26 per cent transaction of the Dhaka Stock Exchange (DSE) on Sunday while United Power topped the list.Market analysts said investors were active on the United Power shares throughout the session amid positive expectations ahead of its June year-end closing.The news of acquisition of...

400 underprivileged young women complete Citi UCEP course

Citibank, N.A., Bangladesh and Underprivileged Children's Educational Program (UCEP), a non-governmental organization (NGO) partner organized a Certificate Awarding Ceremony on Sunday for the underprivileged young women graduated under the "Citi UCEP Technical Education Programme". The ceremony was attended by Abu Hena Mohd. Razee Hassan, Head of Bangladesh Financial Intelligence Unit...

News Briefs (24-06-2019)

Asia Pacific General Ins re-elects chair and vice-chairThe Board of Directors of the Asia Pacific General Insurance Company Ltd. in its meeting held recently has unanimously re-elected Aftab ul Islam, FCA as Chairman and Kashmiri Kamal as Vice-Chairman of the Company for the next term.— Statement 4 leading RMG cos...

Mahbubur Rahman (third from right)

Mahbubur Rahman (third from right), chairman of Eastland Insurance Company Ltd, seen at a discussion meeting, attended by chairmen, vice-chairmen, directors and top executives of non-life insurance companies held recently. Sheikh Kabir Hossain, president of Bangladesh Insurance Association (BIA), chaired the meeting which decided to take legal action against any...

"Prime Motorcycle Financing"

Prime Bank has recently introduced a new product "Prime Motorcycle Financing" to purchase brand new motorcycle for personal use. Rahel Ahmed (extreme left), Managing Director & CEO, Faisal Rahman, DMD & CBO, ANM Mahfuz, Head of Consumer Banking of Prime Bank formally launched the product at its Head Office. Senior...

Premier Bank opens ATM Booth at Mithela Textile Industries

The Premier Bank Limited opened an ATM Booth at Mithela Textile Industries Ltd., Duptara, Araihazar, Narayangonj recently. MD & CEO M. Reazul Karim, FCMA of the Premier Bank Limited and Chairman of Mithela Group Md. Azahar Khan formally inaugurated the new booth

35th AGM of SABINCO

SABINCO at its 35th Annual General Meeting (AGM) held on Saturday approved Taka 210 million as cash dividend. Chairman of the Company Ahmed M. Al-Ghannam presided over the AGM which was informed that the company had earned a net profit of Tk 338.29 million in the year 2018. Md. Rizwanul...

Saad Haroon

Saad Haroon, Head of Asia Group, Syngenta and A M M Golam Towhid, Managing Director of Syngenta Bangladesh pose for a photograph with the employees of Syngenta Bangladesh at the annual conference held on June 22-23 at the Royal Tulip Hotel in Cox's Bazar.