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

13 cos, one MF raise Tk 5.71b through IPOs

Thirteen companies, mostly small ones, and one mutual find raised an aggregate amount of Tk 5.71 billion by floating IPOs in the outgoing fiscal year.Fundraising by companies through initial public offerings (IPOs) rose 5.54 per cent year-on-year in the FY 2018-19 compared to the previous fiscal, according to data from...

GPH to invest Tk 60m in Star Allied Venture

The board of directors of GPH Ispat Ltd has decided to invest Tk 60 million more in Star Allied Venture Ltd, said an official disclosure on Sunday.The company will invest the said amount as equity against purchase of 50 acres land in Mirershorai Economic Zone, Mirershorai in Chattogram to set...

'Shanta Pinnacle' launched

Shanta Holdings Limited, the country's leading real estate developer launched 'Shanta Pinnacle'- the first 40 storied commercial tower of Dhaka Sunday, said a statement. "Designed by architect Ehsan Khan, it is due for completion in December 2022. The Structural, MEP and Facade designs are all done by world renowned Meinhardt...

Stocks slip into red despite tax review news

Stocks posted a marginal fall on Sunday, the last session of the outgoing fiscal year, despite the government reduced tax on retained earnings.Parliament on Saturday passed the tax measures for the fiscal year (FY) 2019-20, reducing tax on retained earnings and reserves of companies to 10 per cent from initially-proposed...

UKBCCI visit to encourage more cos to boost biz

The 23-member UKBCCI Trade Mission, running a busy work-schedule for a week, has ended their Bangladesh visit after holding over 20 successful meetings and high level exchange of views with all the stakeholders in country regarding their preset large scale investment endeavour in Bangladesh."The top notch trade body from Britain,...

Uttara Finance approves 20pc cash dividend

The 24th Annual General Meeting (AGM) of Uttara Finance and Investments Limited was held at the International Convention City Bashundhara, Dhaka on Sunday. The meeting attended by a large number of Shareholders unanimously approved 20 per cent cash dividend for the year 2018, said a statement. The total business exposure...

bKash signs deal with Himalaya

bKash Limited, the largest mobile financial service provider in the country has signed an agreement with The Himalaya Drug Company Ltd. to disburse various payments of trade incentives to their retailers, said a statement.Under this agreement, The Himalaya Drug Company Ltd. will leverage the disbursement solutions of bKash to make...

News Briefs (01-07-2019)

MTB approves 11pc stock div The 20th Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) was held on Sunday at Golf Garden, Army Golf Club, Dhaka. MTB Chairman Md. Hedayetullah, presided over the meeting. MTB Vice Chairman, Khwaja Nargis Hossain, Directors, Syed Manzur Elahi, Dr. Arif Dowla, Md....

Md. Hedayetullah

Md. Hedayetullah, Chairman of Mutual Trust Bank Ltd (MTB), presiding over the 20th Annual General Meeting (AGM) of the Bank, at which 11 per cent stock dividend was approved. MTB Vice Chairman Khwaja Nargis Hossain, Directors, Syed Manzur Elahi, Dr. Arif Dowla, Md. Wakiluddin, Md. Manirul Islam, Anika Chowdhury, Herbert...

Professor Dr Md. Hasibur Rashid

Professor Dr Md. Hasibur Rashid, Director & Md. Ataur Rahman Pradhan, MD & CEO of Rupali Bank Ltd, opening the 571st branch at Ishwardi of Pabna on Sunday

Savings instrument holders throng

Savings instrument holders throng the Bangladesh Bank counter on Sunday, the last working day of the outgoing fiscal year to buy or sell the instruments — FE photo

A Rouf Chowdhury Chairman of Bank Asia

A Rouf Chowdhury, Chairman of Bank Asia Ltd, launching the Hajj Card for Hajj & Umrah pilgrims recently. Bank Asia Ltd. for the first time in Bangladesh unveiled the Hajj (Pre-paid) Card with the collaboration of Al Rajhi Bank, Saudi Arabia. Rume A. Hossain, Chairman of Board Executive Committee, M....

14th annual Global Community Day

Citibank, N.A., Bangladesh celebrated its 14th annual Global Community Day with more than 70 Citi volunteers in Dhaka and Chattogram on Saturday