The benchmark index of the Dhaka bourse dived below 4,500 mark on Thursday, as stocks remained in a free fall for the sixth day in a row following a sustained sell-off.DSEX, the main index of the Dhaka Stock Exchange (DSE), ended the day 68.88 points or 1.51 per cent lower...
Read moreTen most traded stocks accounted for 25 per cent of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with BRAC Bank generating the highest turnover.Market insiders said investors mostly liquidated their holdings in BRAC Bank, fearing possible impact of the single-digit interest rate on the bank's business.The Bangladesh Bank...
Read moreThe 40th general meeting of the Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) was held at the Board Room of Islami Bank Bangladesh Limited in the city on Thursday, said a statement. Mufti Dr Muhammad Abdullah, Chairman of CSBIB, presided over the meeting and its Secretary General Md...
Read moreEXIM Bank has signed an agreement with Dhaka International University (DIU) for collection of admission fees, semester fees and tuition fees etc. Dr. Mohammed Haider Ali Miah, Managing Director & CEO of EXIM Bank, and Dr. Shahidul Kader Patwary, Vice Chairman of the Board of Trustees of the university, signed...
Read moreLankaBangla Finance Ltd. (LBFL) signed a memorandum of understanding (MoU) with Abdul Monem Ltd. (Igloo Ice Cream) for its customer privileges, said a statement.Khurshed Alam, Head of Retail Business of LBFL, and GM Kamrul Hassan, Group CEO of Abdul Monem Ltd., signed the MoU. Under this MoU, LBFL card members...
Read moreThe Premier Bank Limited has joined the '27th US Trade Show' that began at Sonargoan Hotel in the city on Thursday, said a statement. After the inauguration of the show, Industries Minister Nurul Majid Mahmud Humayun and Charge d'affaires of the US Embassy JoAnne Wagner visited the Premier Bank stall....
Read moreMd Abul Quasem has recently been elected as an independent director of Bank Asia Ltd, said a statement. He started off his career at Bangladesh Bank as an assistant director in 1976 and retired as a deputy governor in 2016.During his nearly 40-year tenure at the Bangladesh Bank, he performed...
Read moreIndia is finally getting its very first Apple Store, reports CNN Business.Apple CEO Tim Cook said Wednesday that the company plans to open a brick-and-mortar store in the country in 2021. A company spokesperson confirmed the news, which was reported earlier by Reuters.In addition to starting its own retail network,...
Read moreFood delivery service DoorDash announced Thursday it has taken a first step toward a public offering, reports CNBC.DoorDash said it has confidentially submitted a draft S-1 filing to the Securities and Exchange Commission (SEC). DoorDash has tapped Goldman Sachs as an underwriter for its IPO, according to a source familiar...
Read moreThe seventh Frugal Innovation Forum, organised by BRAC, will be held on April 18-20 at BRAC CDM in Savar. The forum will explore solutions to the enduring challenges in financial inclusion for women through digital services. The theme for this year is 'Scaling Digital Innovations for Women's Financial Inclusion'. The...
Read moreThe ICE Technologies Ltd. and the Bengal Hurricane Group have signed a deal at the Dhaka Bengal Hurricane Head Office recently. Under the deal, the ICE Technologies will supply Kohler (Germany)-branded high-capacity fire rated cargo lifts to Bengal Hurricane Dying Factory in Gazipur. ICE Technologies MD Rubaiyat Jamil, COO Badiuzzaman...
Read moreSoutheast Bank Limited has opened a sub-branch at Bondhon Tower, West Madartek, Shabujbag, in the city. The photo shows freedom fighter Md Altaf Hossen inaugurating the sub-branch in presence of Managing Director of the bank M Kamal Hossain (5th from left, front row) on Thursday. This sub-branch will provide technology-backed...
Read moreRupali Bank Limited opened its 573rd branch at Sirajdikhan Bazar in Munshiganj on Thursday. The photo shows senior secretary of Financial Institutions Division Md Asadul Islam (3rd from left) inaugurating the branch. On his left is Managing Director and CEO of the bank Md Obayed Ullah Al masud
Read moreCategory changeESQUIRENIT: The Esquire Knit Composite Limited will be placed in 'A' category from existing 'N' category with effect from March 01, 2020 as the company has reported disbursement of 15 per cent cash dividend for the year ended on June 30, 2019.Sale intention RINGSHINE: Universe Knitting Garments Limited, a...
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