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

Stocks end lower on poor earnings disclosure

Stocks slipped into the red on Wednesday, snapping a two-day gaining streak, amid poor earnings declarations by a number of companies. Market operators said earnings and dividend declarations of some companies during the trading hours failed to meet investors' expectation, prompting them to sell shares."Lower than expected dividend declaration of...

DSE starts distribution of cheques among shareholders

The country's premier bourse has started distribution of cheques of the fund received from Chinese consortium to its shareholders.A release of Dhaka Stock Exchange (DSE) said, the DSE started the job of cheque distribution on Tuesday."Some 90 shareholders have received cheques as of Wednesday," the DSE release said.In early September...

AB Bank to issue Tk 5.0b bond

The board of directors of AB Bank Ltd has decided to issue fully redeemable non-convertible subordinated bond for enhancement of Tier-II capital.The AB Bank subordinated bond-IV will be Tk 5.0 billion with seven years maturity, variable rated and fund will be raised through private placement, said an official disclosure on...

ADN Telecom's IPO share bidding to begin Nov 05

The bidding for determining the cut-off price for initial public offering (IPO) share of ADN Telecom Ltd by the eligible investors is set to begin on November 05.The electronic bidding will continue until 5.00pm on November 08 round-the-clock, officials said. The securities regulator - Bangladesh Securities & Exchange Commission (BSEC),...

UCB holds mammography campaign for female employees

United Commercial Bank Limited organised a mammography campaign for female employees as part of integrity programme at Chittagong and Dhaka on October 27 and October 30, 2018 respectively, according to a statement.Arif Quadri, Additional Managing Director of UCB inaugurated the campaign. Among others Shireen Sultana, First Vice President, UCB along...

News Briefs(1-11-2018)

ICAB team off to Sydney A delegation of the Institute of Chartered Accountants of Bangladesh (ICAB) led by its president Dewan Nurul Islam FCA will participate in IFAC Council meeting, CAPA-SAFA joint strategic meeting, CAW events and Conference of World Congress of Accountants scheduled to be held from today (Thursday)...

DSE/CSE News in Brief (1-11-2018)

DSE NEWSRecommendation of dividendKhulna Power Company Limited: The board of directors has recommended 30 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2018. The AGM will be held on December 09, 2018 at 12:30 pm at Krishibid Institution, Bangladesh, Khamarbari Road, Farmgate,...

Southeast Bank Limited donated a microbus to "Feni National College"

Southeast Bank Limited donated a microbus to "Feni National College" as a part of its Corporate Social Responsibility activities on Wednesday. M. Kamal Hossain, Managing Director of Southeast Bank Limited handed over the dummy key of the microbus to Haji Alauddin, Mayor, Feni Pourashava

Entrepreneurs Organisation Bangladesh

EO (Entrepreneurs Organisation) Bangladesh recently organised an exclusive tete-a-tete with Imran Khan, the CSO of Snap Inc. In the learning session, he shared his experiences and insights with the guests. President of EO Bangladesh Farzana Chowdhury, Past President Hossain Khaled and Learning Chair & President-elect Tahsin Aman were present, among...

Emergency meeting between ICB and BMBA

An emergency meeting between Investment Corporation of Bangladesh (ICB) and Bangladesh Merchant Bankers Association (BMBA) was held recently. President of Bangladesh Merchant Bankers Association Nasiruddin Chowdhury and Managing Director of ICB Sanaul Hoq attended

Premier Bank Limited arranged a workshop

The Premier Bank Limited recently arranged a workshop at its conference room of Learning & Talent Development Center on 'Remittance Business and Operation' for the Branch Operation Managers. Chairman of the Board of Premier Bank, Dr. H. B. M. Iqbal was present as chief guest. Advisor of the bank Muhammed...

11th AGM of UPGDCL

General Md. Abdul Mubeen SBP, ndc, psc (Retd.), Chairman of United Power Generation & Distribution Company Ltd (UPGDCL) presiding over the 11th annual general meeting (AGM) of the company at Golf Garden, Army Golf Club in the city recently. The AGM approved 90 per cent cash dividend and 20 per...

"Performance Excellence Award"

Mosleh Uddin Ahmed, Managing Director & CEO of NCC Bank receiving "Performance Excellence Award" from Md. Zakir Hossian, Head of Financial Institutions Group of Citibank, N.A. at a ceremony in the city recently for excellent efficiency in its payment services in international trade