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

Stocks break three-day losing streak

Stocks finished marginally higher Tuesday, snapping a three-day losing streak, as optimistic investors took position on selective large-cap stocks, especially Lafarge Surma Cement.Share prices of the multinational cement maker, Lafarge soared 9.88 per cent to close at Tk 65.60 on Tuesday. It was also the day's top gainer. Lafarge share...

Yeakin cuts 75pc production for 2 months

Yeakin Polymer has reduced 75 per cent production capacity as the company will change the total factory machinery layout plan for installation of the new capital machinery."The company needs to change the total factory machinery layout plan for installation of the new capital machinery in line with newly- constructed shed...

Auditor detects mismatches in Central Pharma report

The auditor has found mismatches in the audit report of Central Pharmaceuticals for the year ended on June 30, 2017.The auditor has given 'qualified opinion' addressing the mismatches in case of provision of bad debt and interest and adjustment of advance tax and liabilities, according to Dhaka Stock Exchange (DSE)."Provision...

Al-Arafah holds audit committee meeting

The 172nd Audit Committee Meeting of the Board of Directors of Al-Arafah Islami Bank Limited was held at Hotel Radisson Blue, Chittagong Tuesday.Amir Uddin PPM, Chairman of the Committee presided over the meeting. The Meeting reviewed and discussed about various audit related issues of the Bank. Members of the Committee...

Ten cos snare 28pc transaction

The heavyweight banking sector dominated the Dhaka bourse's transaction chart Tuesday while top 10 traded companies accounted for 28 per cent of the total turnover.Four banks made their way to the top 10 turnover chart, with Islami Bank leading the chart. City Bank, Shahjalal Islami Bank and Brac Bank were...

BSEC fines Wata Chemicals MD Tk 0.5m

Bangladesh Securities and Exchange Commission (BSEC) Tuesday imposed a penalty worth Tk 0.5 million on the managing director (MD) of Wata Chemicals as he concealed price sensitive information (PSI) regarding a MoU signed to restore the company's operation.The securities regulator also decided to issue warning letter to the Wata Chemicals...

DSE/CSE News in Brief (27-12-2017)

DSE NewsUpdates on bonus sharesBaraka Power Limited: Baraka Power Limited has informed that the bonus shares of the company for the year ended 30 June 2017 have already been credited through CDBL to the respective shareholders' BO Accounts today 26 December 2017 (except fractional shares). The payment of cash dividend...

Citi Asia Pacific corporate banking head visits BD

Gerald Keefe Managing Director and Head of Corporate Banking Asia Pacific, Gerald Keefe recently visited Bangladesh. During the visit, Gerald met key clients of the bank and reviewed Citi's potential for further growth in Bangladesh. Citi, which does business in over 160 countries, has a strong presence in the country....

China stocks rise

SHANGHAI, Dec 26 (Reuters): China stocks ended firmer on Tuesday, led by financial and real estate firms, though trading was thin as year-end nears.At the close, the Shanghai Composite index was up 25.43 points or 0.78 per cent at 3,305.89.The blue-chip CSI300 index was up 0.31 per cent, with its...

Mercantile Bank Limited inaugurated its 127th branch at Manikgonj

Mercantile Bank Limited inaugurated its 127th branch at Manikgonj Tuesday. A.K.M. Shaheed Reza, Chairman of the Bank inaugurated the branch as the chief guest. S M Abdul Mannan, former director and shareholder of the bank was present as special guest. Mati Ul Hasan, Additional Managing Director delivered the welcome speech....

Export Import Bank of Bangladesh Limited inaugurated its 118th branch at Jagannathpur

Export Import Bank of Bangladesh Limited inaugurated its 118th branch at Jagannathpur, Sunamganj Tuesday. Director of EXIM Bank Lt. Col. (Retd.) Serajul Islam BP (BAR) was present as the chief guest and inaugurated the branch while Dr. Mohammed Haider Ali Miah presided over the inaugural ceremony. Chairman of Number 1...

LankaBangla Finance organised 'SME Night-2017'

LankaBangla Finance organised 'SME Night-2017' at Dhaka Regency Hotel & Resort recently. Managing Director of LankaBangla Finance Khwaja Shahriar along with Head of SME Division Md Kamruzzaman Khan distributed crests among top performers. SME clients of LankaBangla Finance were also present at the event.

Jamuna Bank Foundation organised an art competition

Jamuna Bank Foundation organised an art competition in the city recently, marking the Victory Day-2017. Chairman of Jamuna Bank Foundation Nur Mohammed was present in the programme as the chief guest. Managing Director & CEO of Jamuna Bank Shafiqul Alam presided over the function.

IFAD Autos Ltd donated two police vans to DMP

IFAD Autos Ltd donated two police vans to DMP as a part of its CSR activities. IFAD Group Chairman Iftekhar Ahmed Tipu handed over the dummy keys to DMP Commissioner Md Asaduzzaman Mia at DMP headquarters in the city on Tuesday.