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

DSE turnover slumps 22pc

Stocks posted marginal gain on Sunday with falling turnover value as investors went on late hours buying binge on sector specific issues.Dealers said despite the market returned to green, most of the investors adopted cautious stance as the national parliamentary elections nears."Poor turnover and low trading volume reflected that the...

LafargeHolcim will merge with Holcim Cement

LafargeHolcim Bangladesh Limited (LHBL) will merge with Holcim Cement (Bangladesh) Limited (HBL), a 100 per cent subsidiary of the former.In a disclosure, LHBL said its board of directors has taken the decision of amalgamation. "…the HBL will merge with the company (LHBL), and the company shall be the surviving entity,"...

IFAD revises schedule of rights utilisation proceeds

The board of directors of IFAD Autos has decided to revise rights share utilisation proceeds and sought one year more time to utilise the proceeds.The revision of rights share utilisation proceeds is subject to the approval of the shareholders and the securities regulator, said a disclosure posted on the Dhaka...

Dhaka Bank wins 'The Banker Award-2018'

Dhaka Bank Limited has been accredited as 'Bank of the Year-2018 in Bangladesh' for banking excellence from THE BANKER. THE BANKER's' Bank of the Year' Awards are regarded as the OSCARS of the Banking Industry. For the last 92 years, THE BANKER has been the world's leading monthly international financial...

To celebrate the milestone of employing 100 female sales staffs in retail stores

To celebrate the milestone of employing 100 female sales staffs in retail stores and strengthening women empowerment at workplace, Apex Footwear Limited organised a gala event at Six Seasons Hotel recently. Syed Manzur Elahi, Chairman and Syed Nasim Manzur, Managing Director of Apex Footwear Limited, spoke at the event as...

Auditors cast doubt on survival of Imam Button

The auditor has expressed 'significant' doubt on survival of Imam Button Industries as a going concern in foreseeable future.The doubt on the company's survival came following some 'effects' including retained loss and insufficient current ratio mentioned in the audited report prepared for the year ended on June 30, 2018.The company...

Impress Capital signs MoU with China Machinery Engineering

Impress Capital Limited (ICL) and China Machinery Engineering Corporation (CMEC), the leading Chinese state-owned company specialized in international engineering contracting, have signed a Memorandum of Understanding (MoU) to avail of the benefits of strategic partnership and investment in Impact Fund. The signing ceremony was held at the CMEC Representative Office...

A day-long workshop and training seminar on Anti-Money Laundering

Gokul Chand Das, Member of Insurance Development & Regulatory Authority (IDRA), Farzana Chowdhury, MD & CEO of Green Delta Insurance Company (GDIC) and Nasir A. Chowdhury, Advisor & Founding MD of GDIC seen at a day-long workshop and training seminar on Anti-Money Laundering and Branch Compliance in General Insurance, arranged...

News Briefs (03-12-2018)

Alexander Haeusler New GM of Radisson Blu Dhaka Water GardenThe Radisson Hotel Group has recently appointed Alexander Haeusler as General Manager (GM) of Radisson Blu Dhaka Water Garden, owned by Sena Hotel Developments Limited. Alexander, an Austrian national and seasoned hotelier, has over 25 years of experience with international luxury...

Petrobangla gets new chairman

Md Ruhul Amin, Additional Secretary has joined as Chairman of Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) on deputation recently, according to statement.Ruhul Amin has served as additional secretary in the Energy & Mineral Resources Division (EMRD) before taking over as the Chairman of Petrobangla. He joined in the 7th...

China relaxes index futures trading rules

SHANGHAI, Dec 2 (Reuters): China's financial futures exchange said on Sunday it was further relaxing index futures trading rules?reducing margin requirements?cutting trading fees and allowing more trading activities.In a statement, the China Financial Futures Exchange said it was lowering the margin ratio for CSI300 <0#CIF:> and SSE50 index futures <0#cih:>...

Shibbir Mahmud, Chairman of the Board of Directors of IFIL

Shibbir Mahmud, Chairman of the Board of Directors of Islamic Finance and Investment Limited (IFIL), seen at a day-long workshop on 'Shariah Based Banking' at IDEB Bhaban in the city on Saturday where Hazrat Maulana Shaykh Kamaluddin Zafree, Chairman of the Central Shariah Board for Islamic Banks of Bangladesh, M...