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

Second bourse revises CSE-50 index

FE ReportThe Chittagong Stock Exchange (CSE) has revised its CSE-50 index on the basis of performance of the listed companies. The revised index will come into effect from March 05, 2018. The CSE-50 index is reviewed twice in a year.The new company which has been included is Trust Bank. On...

NCR gets new MD & CEO

Mr. Md. Asaduzzaman Khan has recently been appointed as Managing Director and CEO of National Credit Ratings Limited (NCR), a leading credit rating company of Bangladesh, said a statement. He has replaced Mr. Md. Momin Ullah Patwari, BP, a former secretary to the Government and former Managing Director and CEO...

Adil Raihan, Deputy Managing Director & CSBO

Adil Raihan, Deputy Managing Director & CSBO of Mercantile Bank Limited and Muhammad Ali Jinnah, Chairman (Acting) of The Co-operative Credit Union League of Bangladesh (CCULB) recently signed an agreement at the Head Office of the Bank. Under this agreement, CCULB will work as the national distributor of 'MYCash', the...

Sales of IDLC Growth Fund unit begin February 27

FE ReportThe sales of the units of IDLC Growth Fund, an open-end mutual fund, will be started on February 27 and will be continued for next 45 working days.The Bangladesh Securities and Exchange Commission (BSEC) approved the draft prospectus of IDLC Growth Fund on January 30 last.As per the BSEC...

Reliance Ins recommends 25pc div

The board of directors of Reliance Insurance has recommended 15 per cent cash dividend and 10 per cent stock dividend for the year ended on December 31, 2017. The company has also reported EPS of Tk. 5.28, NAV per share of Tk. 64.63 and net operating cash flow per share...

Large-cap sectors see major correction

FE ReportThe major sectors witnessed heavy sale pressure last week that ended Thursday. Telecommunication, banking, financial institutions and ceramic sectors faced a major correction.Of the 19 sectors listed with the prime bourse, except corporate bonds, debenture and treasury bonds, the market-cap of 18 sectors faced correction while only food and...

Delta Life earns Tk 6.2b as premium

Delta Life Insurance Company Limited earned a total premium of Tk 6.2 billion in 2017. This was disclosed in the annual conference-2017 held Friday in Cox's Bazar. Monzurur Rahman, Chairman of the Company was the chief guest on the occasion, said a statement.He said Delta Life paid around Tk 5.32...

M. Khorshed Anowar, Head of Business, Retail Banking of Eastern Bank

M. Khorshed Anowar, Head of Business, Retail Banking of Eastern Bank Ltd (EBL) and Mayesha Khondoker, Managing Director, Shanta Multiverse Limited exchanging documents after signing an agreement in Dhaka recently. EBL card members will enjoy 15 per cent discount at The White Canary Café and Marble Slab Creamery, owned by...

Bangladesh Society for Human Resources Management

Bangladesh Society for Human Resources Management (BSHRM) organised a press conference Saturday in the city to announce the details of BSHRM 7th International HR Conference -2018 to be held April 28 at Sena Malancha (Opposite of Bangladesh Navy Headquarters, Banani, Dhaka. The press conference was moderated by Md. Riyad Hossain,...