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

BSEC urges stakeholders' support to bring stability in capital market

The securities regulator has urged the stakeholders to play a supportive role for bringing back stability in the capital market.Bangladesh Securities and Exchange Commission (BSEC), the regulator, made the call at a meeting with the stakeholders at the office of the state-run Investment Corporation of Bangladesh (ICB).BSEC Executive Director Mohammad...

Stocks rebound riding on banking shares

Dhaka stocks saw a glowing session on Thursday, the last trading day of the week, with the price indices snapping the recent bearish trend.DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), remained positive throughout the day. It gained 68.60 points or 1.33 per cent before settling at 5,429...

Envoy Textiles witnesses steady revenue growth in last five years

Envoy Textiles, a fashion denim manufacturer and exporter, witnessed a steady growth in revenue earnings during the last five years. The company, however, showed mixed performance in making profit and paying dividend during the period.Talking to the FE, the officials concerned said that the company's growth in terms of net...

Al-Arafah Bank approves 20pc dividend for 2017

Al-Arafah Islami Bank Limited has approved 15 per cent cash and 5 per cent stock dividend for the year ended on December 31, 2017.The dividend was approved at the bank's 23rd annual general meeting (AGM) in the capital on Thursday, presided over by Abdus Samad Labu, Chairman of the bank's...

Shurwid Ind decides to reduce paid-up capital

The shareholders of Shurwid Industries Limited Thursday approved a resolution to reduce the company's paid-up capital.The company took the decision to reduce its accumulated loss and enhance its capacity so that it could recommend dividends. Execution of the decision is, however, subject to approval by a competent court as per...

SCL, SPL maintain ‘AAA’ credit rating

Both Summit Corporation Ltd (SCL) and Summit Power Ltd (SPL) maintained long term 'AAA' credit rating, according to a statement.On behalf of Summit Corporation Limited (SCL) and Summit Power Limited (SPL) Vice Chairman Latif Khan and Director Azeeza Khan received the credit rating reports from President and CEO of Credit...

News Briefs-(25-5-2018)

Atlas signs MoU with TVS Auto A memorandum of understanding (MoU) has been signed between Atlas Bangladesh Limited and TVS Auto Bangladesh Limited (TVS) on Thursday at the office room of the Industries Minister. The company will assemble and sell motorcycles of TVS brand to the government, semi-government and government-funded...

GreenSky's IPO at top end of target range

Online lending platform GreenSky's initial public offering was priced at the higher end of its target range on Thursday, in another sign of investor enthusiasm for financial technology stocks, reports Reuters.The Atlanta-based company's IPO was priced at $23 per share. It had set a price range of $21 to $23...

DSE/CSE News in Brief (25-5-2018)

DSE NEWSDisbursement of dividendMercantile Bank Limited: The company has informed that the bonus shares of the company for the year ended on December 31, 2017 have already been credited through CDBL to the respective shareholders' BO Accounts. The cash dividend warrant has also been disbursed.Bay Leasing & Investment Limited: The...

Managing Director & CEO of Mutual Trust Bank Limited (MTB) Anis A. Khan addressing

Managing Director & CEO of Mutual Trust Bank Limited (MTB) Anis A. Khan addressing a get-together of the bank's media partners from different electronic, print and online media of the country at Samson H. Chowdhury Auditorium of MTB Tower in the capital recently

Trust Bank and International Turkish Hope School exchanging documents after signing agreement

Head of Business of Trust Bank Limited Ahsan Zaman Chowdhury and Chairman of International Turkish Hope School Yasar Savran exchanging documents after signing an agreement on behalf of their respective organisations recently for collection of students’ tuition fees and providing all other financial services with Managing Director & CEO Faruq...

Commercial Bank of Ceylon PLC and HATIL Complex Limited MoU signing ceremony

Chief Operating Officer of Commercial Bank of Ceylon PLC Najith Meewanage and Director Marketing, HATIL Complex Limited Moshiur Rahman seen along with other senior officials from both the organisations at a Memorandum of Understanding (MoU) signing ceremony at the bank's head office recently. Under the MoU HATIL Complex Limited will...