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

Ring Shine shuts factory for one month as export orders decline

The management of the Ring Shine Textiles Ltd closed its factory for one month until October 25 due to decline in export orders.The management has decided to lay-off factory due to worldwide impact of prevailing Covid-19 pandemic, declining orders from foreign buyers, and shortage of imported raw materials, the company...

Energypac eyes bigger footprint in autogas industry

Energypac Power Generation Limited (EPGL), one of the leading power engineering companies in Bangladesh, is set to invest more in LPG business from its IPO proceeds to grab a significant share of the growing LPG market."We have planned to expand the growing LPG market to explore the massive growth opportunity...

Stocks slip into red despite BB move

Stocks slipped into the red on Sunday, after remaining flat in the past two trading sessions, as late hours sell-offs wiped out early gains.The market opened on upbeat note and the key index soared 38 points within first 25 minutes riding on the news of interest rate cut on stock...

Al-Arafah Islami Bank elects Badiur Rahman as risk management committee chair

Badiur Rahman has been elected Chairman of the Board Risk Management Commitee of Al-Arafah Islami Bank Ltd. He was elected unanimously in the 351st meeting of the board held recently, said a statement. Mr. Badiur Rahman is a Sponsor Director of Al-Arafah Islami Bank Ltd. Professionally he is a prominent...

Sonali Bank completes year end closing process in eight hours

Sonali Intellect Limited, a financial technology solution provider in Bangladesh incorporated as a joint venture company by Intellect Design Arena Limited and Sonali Bank Limited, announced a major milestone achieved by Sonali Bank Limited. Sonali Bank achieved the closing year end process in eight hours, a major milestone for a...

News Briefs (28-09-2020)

Modhumoti Bank holds 97th EC meetingThe 97th meeting of the executive committee (EC) of Modhumoti Bank Limited was held on Saturday with assistance of zoom technology. The meeting was presided over by EC Chairman, Barrister Sheikh Fazle Noor Taposh. Among others, Managing Director of Sharmin Group Mohammad Ismail Hossain, Chairman...

Premier Bank shifted Dhanmondi Satmosjid Road Branch

The Premier Bank Limited shifted its Dhanmondi Satmosjid Road Branch to its new location at House No- 48, (ground floor), Satmasjid Road, Dhanmondi, Dhaka on Sunday. Managing Director & CEO of the bank M. Reazul Karim, FCMA, inaugurated the branch in the new building as the chief guest. Shahriar Ahmed...

20th AGM of Pragati Life Insurance

The 20th Annual General Meeting (AGM) of Pragati Life Insurance Limited was held on Sunday on a digital platform. Chairman of the company Khalilur Rahman presided over the meeting while CEO Md. Jalalul Azim was present. The shareholders unanimously approved 20 per cent cash dividend for the year 2019.

DSE/CSE News in Brief (28-09-2020)

Disbursement of dividend Grameen Mutual Fund One: Scheme Two: The asset manager of Grameen Mutual Fund One: Scheme Two informed that the cash dividend for the year ended on June 30, 2020 has been disbursed to the respective unit holders' bank accounts through Bangladesh Electronic Fund Transfer Network (BEFTN) on...