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

Digital submission of IPO proposals in the offing

A specific time-frame of approving IPO proposals will be mentioned in a uniform law."Presently, a move is underway to bring the activities of the securities regulator and operations of the capital market under a single act and the specific time-frame will be mentioned in the new law to be enacted...

Apex celebrates founder's week

Apex Group commemorated the 79th birthday of its Founder Chairman Mr. Syed Manzur Elahi as Founder's Day recently, with week-long celebrations that included a host of events for both customers and employees, said a statement.There were special offers for Apex Rewards members and e-commerce customers. At the same time 5...

DSEX exceeds 5,000-mark on buying binge

Stocks rebounded Monday, after a single-day break, with key index of the major bourse crossing the threshold of 5,000-mark once again as investors showed their appetite on large-cap stocks amid high expectations.The market opened on upbeat note and the key index soared 58 points within first hour of trading. But,...

Energypac Power's cut-off price fixed at Tk 35 each

The cut-off price of Energypac Power Generation Limited (EPGL) shares has been fixed at Tk 35 each through electronic bidding by eligible investors.As per the book building method, eligible investors took part in the price discovery of the shares by bidding for 72 hours - from 5:00pm on September 21...

E-commerce can account for '70pc transactions of goods and services'

70 percent transactions of goods and services could be done on e-commerce platforms which presently stands at only 5.0 per cent, said Mahtab Uddin Ahmed, Managing Director & CEO of Robi Axiata Ltd while elaborating on the huge potential of e-commerce. However, he also said that proper use of state-of-the-art...

NBP teams up with Guardian Life

The Guardian Life Insurance Ltd and the National Bank of Pakistan (NBP) signed a group insurance agreement recently under which all the employees of NBP will enjoy life coverage along with medical benefits. M M Monirul Alam, Chief Executive Officer, Guardian Life, and Md. Quamruzzaman, Country Manager & CEO, NBP,...

News Briefs (29-09-2020)

Japan's Nikkei 500 hits record high, outperforms U.S. S&P 500SYDNEY, Sept 28 : The Nikkei 225 share average, Japan's best-known stock benchmark, on Monday still stood 40% below its historic peak hit three decades ago, while its lesser-known sibling, the Nikkei 500, surged past its previous peak to a record...

Dong Heon Kim inaugurated 7th branch of Woori Bank at Karwan Bazar

General Manager & Country Manager of Woori Bank Bangladesh Dong Heon Kim inaugurated the 7th branch of the bank at Karwan Bazar in the city on Monday.

A B M Mokammel Hoque Chowdhury,

A B M Mokammel Hoque Chowdhury, Managing Director of Union Bank Limited, inaugurated its Kadoir Bazar Sub-Branch at Chowddagram in Cumilla as the chief guest through a video conference from the bank's Head Office in Dhaka. Deputy Managing Directors of Union Bank Hasan Iqbal and Md. Nazrul Islam were present...

New Chairman of Al-Arafah Islami Bank audit committee

Mahbubul Alam has been elected as the Chairman of Board Audit Committee of Al-Arafah Islami Bank Ltd. He was elected unanimously at the 351st meeting of the board held recently, said a statement. Mahbubul Alam embraces a long banking career with multidimensional capacities since his joining the erstwhile State Bank...

IFIC Bank Limited opened 151st branch

IFIC Bank Limited opened its 151st branch at the DSE Tower in Nikunja area of the capital. Managing Director of Dhaka Stock Exchange Limited Kazi Sanaul Hoq inaugurated the branch recently. M. Shaifur Rahman Mazumder, COO of Dhaka Stock Exchange Limited, Shah Md. Moinuddin, DMD & Head of International Division...

Rajshahi Zone of Islami Bank

Rajshahi Zone of Islami Bank Bangladesh Limited organised a webinar on 'Compliance of Shari'ah in Banking Sector' recently, with Dr. Tanveer Ahmad, director of the bank, as the chief guest and Md. Mahbub ul Alam, Managing Director & CEO, as special guest.

Rupali Bank arranged Doa and Milad Mahfil

Rupali Bank Limited Chairman Monzur Hossain, MP, Managing Director and CEO Md Obayed Ullah Al Masud, Deputy Managing Directors Mohammad Jahangir Alam and Khondoker Ataur Rahman take part in a special Doa and Milad Mahfil arranged by Rupali Bank at its head office in the city on Monday to mark...

Milad and doa mahfil organised at ICB head office

A milad and doa mahfil was organised at the head office of Investment Corporation of Bangladesh (ICB) on the occasion of the 74th birth anniversary of Prime Minister Sheikh Hasina. Chairman of the board of directors of ICB Prof. Dr. Mojib Uddin Ahmed, Managing Director Md. Abul Hossain, Deputy Managing...

DSE/CSE News in Brief (29-09-2020)

Board meetingFareast Islami Life Insurance Co. Ltd: A board meeting of the company will be held on October 04, 2020 at 2:30 PM to consider, among others, audited financial statements of the company for the year ended on December 31, 2019.Reschedule of board meetingsPrime Finance & Investment Limited: Due to...