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

Investors book profit on stocks gaining most in last three days

Stocks drifted lower Tuesday, snapping a three-day winning streak, as risk-averse investors opted to book quick gains, particularly on bank issues.Market operators said some investors preferred to book profits on stocks that saw substantial gains in the past three days' upsurge, taking the core index below 5,800-mark once again. "Retail...

BSEC approves VFS Thread IPO, Prime Bank subordinate bond

The securities regulator has approved the IPO (initial public offering) proposal of VFS Thread Dyeing, which will raise a capital worth Tk 220 million under fixed price method.The approval came at a meeting held at the office of Bangladesh Securities and Exchange Commission (BSEC) on Tuesday.As per the approval, the...

Premier Bank, Hotel Royal Tulip sign MoU

Premier Bank Ltd recently signed a memorandum of understanding (MoU) with Royal Tulip Sea Pearl Beach Resort & Spa for its customer privilege at the bank's head office in the capital. Under the agreement, the bank's debit and credit cardholders will enjoy up to 50% discount from Royal Tulip Sea...

FSIBL, CDBL, PSL sign deal on collecting CDBL fees

First Security Islami Bank Ltd (FSIBL), Central Depository Bangladesh Ltd (CDBL) and Progoti Systems Ltd (PSL) recently signed a tripartite agreement for collecting online Securities Balance Inquiry Registration Fees of CDBL through FSIBL Mobile Banking FirstPay SureCash. Shuvra Kanti Choudhury FCA, Managing Director of CDBL, Md. Mustafa Khair, Deputy Managing...

Beximco Pharma completes acquisition of Nuvista Pharma

Beximco Pharmaceuticals has completed acquisition of 85.22 per cent stake in Nuvista Pharma worth over Tk 100 million to strengthen its position in hormones and steroids segments."The board of directors of Beximco Pharma has considered and approved the acquisition of 10,013,474 ordinary shares of Tk 10 each being 85.22 per...

News Briefs-(04-04-2018)

Midland Bank gets new AMDMohammad Masoom joined Midland Bank Limited (MDB) as Additional Managing Director (AMD). Prior to taking over the new assignment, he served in Bangladesh Finance and Investment Company Limited (BD Finance) as its Managing Director and CEO. Mr. Masoom, a seasoned banker, has three decades of hands...

Indian shares recover from early losses

Indian shares reversed course to end higher on Tuesday, with ICICI Bank Ltd and State Bank of India leading the gains after the central bank's decision to allow lenders to spread their bond trading losses, in a move that will likely boost the profitability of banks, reports Reuters.The broader NSE...

DSE/CSE News in Brief (4-04-2018)

DSE NEWSBoard meeting NLI First Mutual Fund: A meeting of the trustee committee will be held on April 09, 2018 at 3:10 pm to consider, among others, un-audited financial statements of the fund for the third quarter (Q3) period ended on March 31, 2018.Southeast Bank 1st Mutual Fund: A meeting...

Sri Lankan stocks end higher on illiquid shares

COLOMBO, Apr 3 (Reuters): Sri Lankan share index ended firmer on Tuesday, edging up from its nine-week closing low hit last week, as investors picked up illiquid shares of Distilleries Company of Sri Lanka Plc, but political woes over a no-confidence motion against the prime minister weighed on sentiment, brokers...

LankaBangla Finance Ltd

LankaBangla Finance Ltd (LBFL) Head of Retail Finance Khurshed Alam and Managing Director & CEO of Apex Husain Moazzem Husain exchanging documents after signing a memorandum of understanding in presence of senior executives of the two companies in Dhaka recently. The agreement will facilitate LBFL card members to enjoy EMI...

S M Amzad Hossain, Chairman of SBAC Bank cutting cake to celebrate bank's stepping into 6th year

S M Amzad Hossain, Chairman of South Bangla Agriculture and Commerce (SBAC) Bank, cutting a cake to celebrate the bank's stepping into 6th year at the bank's head office recently in presence of the bank's Additional Managing Director Mostafa Jalal Uddin Ahmed, Training Institute's Principal Md. Nazrul Islam, HR Head...

46th Foundation Training Course inaugural ceremony of Bank Asia

President & Managing Director of Bank Asia Md. Arfan Ali and senior executives of the bank pose for a photograph with the participants of 46th Foundation Training Course at the inaugural ceremony held at Bank Asia Institute for Training & Development (BAITD) at Lalmatia in the city recently

Newly recruited young professionals of BRAC Bank

Newly recruited young professionals of BRAC Bank pose for a photograph during a two-day training programme on "Professionalism at Work" conducted recently by Md. Akbar Hassan, CEO & Managing Director of BRIDDHI at the bank's head office at Tejgaon in the city