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

Tax receipts from DSE up 61pc in July-Dec

The government's revenue earnings from the Dhaka bourse marked a 61 per cent rise year-on-year in the first six months of the current fiscal year (FY) on the back of rising trade volumes.Market insiders said on the back of rising turnover value, the government earnings from the Dhaka Stock Exchange...

Year's maiden session sees poor turnover

The opening trading session of the New Year ended slightly higher Monday, with turnover dipping below Tk 4.0 billion-mark, as investors were reluctant to put fresh investment in the market.Market operators said investors were cautious despite the news that the unaudited operating profits of the country's private commercial banks (PCBs)...

BLFCA elects chairman, vice chairman

Mr. Md. Khalilur Rahman, Managing Director, National Housing Finance and Investments Ltd and Mr S.M. Formanul Islam, Executive Director & CEO, Bangladesh Infrastructure Finance Fund Ltd have been elected as Chairman and Vice Chairman respectively for a two-year term of Bangladesh Leasing and Finance Companies Association (BLFCA). Nine members of...

10 cos snare 31pc transaction on DSE

Top 10 traded companies, including five banks, captured 31 per cent transaction on the Dhaka Stock Exchange (DSE) Monday, the first trading day of 2018, while Lafarge Surma Cement topped the chart.Brokers said the investors remained active on Lafarge shares as the company recently agreed to buy Holcim Bangladesh at...

Western Marine inks deal with NRB Equity Management

CHITTAGONG, Jan 01: The Western Marine Shipyard Ltd signed an agreement with NRB Equity Management Ltd on issuance of rights share today. Managing Director of Western Marine Shipyard Md Sakhawat Hossain and Director of NRB Equity Management Ltd Md. Kamrul Hassan signed the agreement on behalf of their respective companies...

HK eyes blockbuster China tech IPO queue

Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalization of some $500 billion over the next two years, in a sharp contrast to 2017 - the city's worst year for raising equity in a decade, reports Reuters. If bankers' expectations...

IPDC re-appoints MD & CEO

Mr. Mominul Islam has recently been re-appointed as the Managing Director & CEO for the third time at a meeting of Board of Directors of IPDC Finance Limited which was approved by Bangladesh Bank later. Mr. Mominul Islam was the Deputy Managing Director of IPDC Finance Limited from July 2008...

Correction (02-01-2018)

A report titled '37 listed cos fail to declare dividend’ published on page 16 on Monday's issue of The Financial Express carried an inadvertent mistake. The report mentioned that Maksons Spinning Mills did not declare dividend. Actually, Maksons Spinning declared 5.0 per cent stock dividend for the year ended on...

Pubali Bank Limited has inaugurated its 462nd branch at Court Bazar

Pubali Bank Limited has inaugurated its 462nd branch at Court Bazar in Rajshahi recently. Fazle Hossain Badsha, Member of Parliament from Rajshahi-2 and Safiul Alam Khan Chowdhury, Additional Managing Director of Pubali Bank Ltd. formally inaugurated the branch.

Newly-elected president of Bangladesh Merchant Bankers Association

Newly-elected president of Bangladesh Merchant Bankers Association (BMBA), Mohammed Nasir Uddin Chowdhury, its first vice-president Muhammad Ahsan Ullah, second vice president Md. Rafiqul Islam and secretary general Khairul Bashar Abu Taher Mohammad seen, among others, in an event held in the city Sunday.

CARE Bangladesh and GSK handed over diphtheria medicines

Zia Choudhury, Country Director of CARE Bangladesh and Rumana Ahmed, Head of Communications of GSK handing over diphtheria medicines to Md. Golam Kibria, Director (Administration), Directorate General of Drug Administration, MoHFW, Bangladesh. CARE Bangladesh and GSK handed over diphtheria medicines of worth BDT 1.0 million to fight against diphtheria outbreak...

Five employees of Investment Corporation of Bangladesh won 'Integrity Award'

Five employees of Investment Corporation of Bangladesh (ICB) won 'Integrity Award' for the financial year 2016-2017. A ceremony was organised to hand over the awards in the Board Room of the Corporation's Head Office Sunday. Kazi Sanaul Hoq, Managing Director of the company presided over the ceremony. Deputy Managing Director,...

Islami Bank Bangladesh Limited organised a business review meeting

Islami Bank Bangladesh Limited (IBBL) organised a business review meeting at Islami Bank Tower in the city on Monday. Managing Director and CEO of the bank Md Abdul Hamid Miah attended the meeting as the chief guest.

Managing Director & CEO of Trust Bank Limited Ishtiaque Ahmed Chowdhury inaugurating the relocated Joypara branch

Managing Director & CEO of Trust Bank Limited Ishtiaque Ahmed Chowdhury inaugurating the relocated Joypara branch of the bank on Sunday. Additional Managing Director Faruq M Ahmed and other officials were also present on the occasion.