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

BSEC approves rights offer of Golden Harvest

Golden Harvest Agro Industries will raise a capital worth Tk 899.32 million through rights offer for the purpose of business expansion and partial repayment of bank loans.The BSEC approved the company's proposal of rights offer on Tuesday at a meeting held at the BSEC office.As per the BSEC approval, the...

EBL begins operation in Guangzhou of China

Eastern Bank Limited has opened its representative office in China's Guangzhou province recently, said a statement.EBL is the first Bangladeshi financial institution to begin its operations in China. AHM Jahangir, Economic Counsellor of Bangladesh Embassy to China, Md. Showkat Ali Chowdhury, Chairman and Meah Mohammed Abdur Rahim, Director, Ali Reza...

IASB confce ends in London

More than 150 standard-setters from 70 jurisdictions across the globe gathered in London at the World Standard-setters Conference to discuss collaboration in accounting standard-setting, said a statement. The conference, organized by the International Accounting Standards Board (IASB) at London Canary Wharf Hotel, UK ended on Tuesday. The Board invited two...

Stocks inch up after bumpy ride

Stocks inched higher on Tuesday, after choppy trading, as investors were mostly cautious amid ongoing sluggish market trend.Market analysts said investors remained worried about the recent volatility of the market and maintained cautious stance, taking the market in the flat territory.A section of investors continued their selling binge on large-cap...

Ring Shine Textiles holds IPO lottery draw

Ring Shine Textiles to allocate 150 million ordinary shares among successful applicants as the company's IPO lottery draw was held on Tuesday.The lottery draw was held at 10:30am at the Auditorium of Institution of Engineers (IEB) in Dhaka.The lottery result has been published on the websites of Dhaka Stock Exchange...

Dmoney, new Payment and Lifestyle app launched

Dmoney announced its commercial operation at a press event arranged at a hotel in the city on Monday, said a statement. Anjan Chowdhury, Chairman of Dmoney and Director, Square Group, Md. Mezbaul Haque, General Manager, Payment Systems Department, Bangladesh Bank, Sonia Bashir Kabir, Vice Chairman and CEO, Dmoney, Aref R...

Meghna Life Ins holds 23rd AGM

The 23rd annual general meeting (AGM) of Meghna Life Insurance Company Limited was held at the Institute of Diploma Engineers in the city recently, said a statement. The meeting was presided over by Nizam Uddin Ahmed, Chairman of the company. The AGM approved 20 per cent cash dividend for the...

M. Jalalul Hai, Member of SME Committee of JBCCI and ICOSA Committee

(from left) M. Jalalul Hai, Member of SME Committee of JBCCI and ICOSA Committee, Md. Rafuqul Islam, former chairman, Jubok Commission, Banking Division, Ministry of Finance, GoB, Dr. Muhammad Abdul Mazid, former chairman of NBR and Member of ICOSA Committee, SME Committee of JBCCI, Dr. Kabir Ahmed, Chairman, SME Committee...

News Briefs (02-10-2019)

Bank Asia opens training courseMohammad Borhanuddin, President & Managing Director (Current Charge) of the Bank Asia Limited inaugurated 52nd Foundation Training Course as the chief guest. Mr. Md. Abdul Matin, Training & Development Consultant (BAITD), Mr. K S Nazmul Hasan, Head of People Management Division (HRD), Ms. Krishna Saha, Head...

DSE/CSE News in Brief (02-10-2019)

DSE NEWSBoard meetingBangladesh Submarine Cable Company Limited: A board meeting of the company will be held on October 10, 2019 at 4:00 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.Resumption of tradingKDS Accessories Limited: Trading of the shares of...

Akkas Uddin Mollah

Akkas Uddin Mollah, Chairman of the board of directors of Shahjalal Islami Bank Limited (SJIBL), inaugurating the 2nd banking booth of the bank as the chief guest at DSE Annex Building, Motijheel in the city on Tuesday where M. Shahidul Islam, Managing Director & CEO of the bank, was present

Target to pull 1.0m out of extreme poverty

The Palli Karma-Sahayak Foundation (PKSF) is set to implement a new project aiming to pull 1.0 million people out of extreme poverty across country.The project will be implemented through 20 partner organisations for the sustainable development of 1.0 million people in 150 unions under 13 districts at an estimated cost...

Thrust on ensuring transparency and accountability in public procurement

Experts at a workshop has said citizens' engagement in public procurement has improved the quality of work, reports BSS.They underscored the need for ensuring transparency and accountability in public procurement for the best uses of the public money together with proper implementation of the development programmes.The experts were addressing a...

Plastic makers to get land at Chemical Palli

Industries Minister Nurul Majid Mahmud Humayun has said the government will allocate separate land for the plastic sector at Chemical Palli in Munshiganj district, reports BSS."The government is setting up Chemical Palli in Munshiganj district. The government will give the opportunity to the plastic makers to relocate their industries form...

Launch terminal entry ticket price doubled

The government has doubled the price of entry tickets to launch terminals all over Bangladesh, reports bdnews24.com.Starting from Tuesday (October 1, 2019), each person will be charged a fee of Tk 10, up from Tk 5.0, to enter a terminal.Bangladesh Inland Water Transport Authority (BIWTA)'s Joint Director A K M...