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

BSEC approves Bashundhara Paper IPO, IDLC Growth Fund application

The securities regulator has approved the proposal of issuing above 26.04 million IPO shares by the Bashundhara Paper Mills to raise a capital worth Tk 2.0 billion under the book building method.The approval to IPO (initial public offering) proposal came Tuesday at a meeting held at the office of the...

Citi discusses future of payments in Bangladesh

Citibank, N.A. Bangladesh recently organised "Next Wave of Treasury Digitization #Looking Ahead" to discuss the emerging technological changes in the areas of trade related process and payments with specific emphasis on how global institutions like Citi can support digitization of the country's economy, said a statement.The event was attended by...

Stocks dip amid low turnover

Stocks returned to the red territory Tuesday as investors went on late hours selling spree amid lower-than-expected earning declarations of some listed companies.Brokers said the market backed to the red as many listed companies quarterly earnings data failed to meet the investors' expectation as some investors are analysing the monetary...

Pragati Ins holds board meeting

The 263rd Meeting of the Board of Directors of Pragati Insurance Ltd was held Tuesday at the head office of the company at Kawran Bazar, Dhaka. Syed M. Altaf Hussain, Chairman of the Company presided over the meeting. Former Chairman Mohammed A. Awwal; Directors Md. Syedur Rahman Mintoo, Nasir Latif,...

Alliance Leasing now Lankan Alliance Finance

Alliance Leasing & Finance Company Limited, a financial institution will be renamed as 'Lankan Alliance Finance Limited', said a statement. The company got Bangladesh Bank approval in late-2017.

Ten top-traded cos snare 25pc turnover

Grameenphone (GP), the largest market cap listed company, dominated the Dhaka bourse's transaction chart Tuesday, while ten top-traded companies accounted for 25 per cent of total transactions.Market operators said GP became the turnover leader following the news of its final dividend declaration and earning disclosures. The board of directors of...

Grameenphone revenue witnesses 11.8 per cent rise in 2017

Grameenphone Ltd reported revenue of BDT 128.4 billion for 2017, up 11.8 per cent of 2016. Data revenue grew by 46.4 per cent along with voice revenue growth of 9.5 per cent. During the 4th quarter of 2017, total revenue grew by 8.0 per cent, said a statement.Grameenphone Ltd. acquired...

News Briefs-(31-01-2018)

More 37 cos disclose Q2 EPSA total of 37 listed companies disclosed their un-audited second quarter (Q2) earnings for October-December period of 2017, according to separate official disclosure on Tuesday. Of them, earnings per share (EPS) of 19 companies declined while 18 increased in October-December quarter of 2017 compared to...

BRAC Bank First Position in Private Commercial Bank Category

The Institute of Cost & Management Accountants of Bangladesh has awarded BRAC Bank Limited the First Position in the Private Commercial Bank Category at the "ICMAB Best Corporate Awards 2016". Finance Minister AMA Muhith, MP formally handed over the award to BRAC Bank's Managing Director & CEO Selim R. F....

Summit Power Limited receivs ICMAB Best Corporate Award 2016

On behalf of Summit Power Limited, Managing Director Lt Gen (Retd) Eng Abdul Wadud and Company Secretary Swapon Kumar Pal, ACA received the prestigious ICMAB Best Corporate Award 2016 in the Power Generation and Distribution category from Finance Minister Abul Maal Abdul Muhith. Institute of Cost & Management Accountants of...

Prime Bank organised three-day long conference

Prime Bank recently organised a three-day long conference at BRAC CDM Rajendrapur, Gazipur. The theme of the conference was "Annual Strategy and Budget Meet". Managing Director & CEO of the Bank, Rahel Ahmed, Deputy Managing Directors-Habibur Rahman, Md. Golam Rabbani, Md. Touhidul Alam Khan, Syed Faridul Islam, M Habibur Rahman...

BATB won top prize of 'ICMAB Best Corporate Award-2016

British American Tobacco Bangladesh (BATB) won the top prize of 'ICMAB Best Corporate Award-2016' in Manufacturing (others) category for excellence in corporate governance. Managing Director of BATB, Shehzad Munim and non-executive Director (former secretary) K H Masud Siddiqui received the award from Finance Minister Abul Maal Abdul Muhith at a...

City Bank won 'ICMAB Best Corporate Award 2016

City Bank won the 'ICMAB Best Corporate Award 2016', for its outstanding performance especially in corporate governance. City Bank's Chief Financial Officer Mahbubur Rahman received the award from Finance Minister Abul Maal Abdul Muhith in a ceremony organised by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) recently.

DSE/CSE News in Brief (31-01-2018)

DSE NEWSDisbursement of dividend Unique Hotel & Resorts Limited: Unique Hotel & Resorts Limited has informed that it has disbursed the cash dividend for the year ended on June 30, 2017 to the respective shareholders' Bank Accounts through BEFTN System.Board meetingNCCBL Mutual Fund-1: The trustee of NCCBL Mutual Fund-1 has...

"Branch Managers Conference 2018" of City General Insurance Company

The "Branch Managers Conference 2018" of City General Insurance Company Limited was held at Dhaka Chamber of Commerce & Industry auditorium recently, under chairpersonship of Chief Executive Officer Md. Mayen Uddin. Vice-Chairman of the company Hossain Mehmood was present as the chief guest while Hossain Khaled, director of the company...