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

Stocks keep losing for fourth straight day

Stocks passed yet another downbeat session on Monday, extending the losing streak for the fourth straight day, as most of the investors continued to keep cautious stance.Meanwhile, garment manufacturer Stylecraft was the day's biggest loser, losing 78.92 per cent, following its price adjustment after record date.The Stylecraft's share price plunged...

Matin Spinning to install 3 generators

The board of directors of Matin Spinning Mills has approved a proposal of purchasing three gas generators for increasing captive power generation and saving power cost.Total cost of generators and installation cost is estimated at Tk 231 million, according to an official disclosure on Monday. After installation of the new...

Two-third gen insurance cos post rise in quarter-3 EPS

The earnings of most of the listed general insurance companies rose in the nine months to September last compared to that of the corresponding period last year.According to the un-audited financial statements for the January-September period, 2018, the earnings per share (EPS) of 23 general insurance out of 35 increased,...

Asian shares sink as risk sentiment sours, pound hits 2-week top

SYDNEY, Nov 5 (Reuters): Asian stocks sank on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-US trade war deterred investment in riskier assets, while sterling jumped to a two-week high on hopes of an orderly Brexit.Markets are expected to be skittish ahead...

News Briefs(6-11-2018)

Alhaj Morshed Alam NLI re-elects Morshed Alam as chairman Alhaj Morshed Alam, MP has been re-appointed as the chairman of National Life Insurance Company Ltd (NLI) for sixth time. He was re-elected at the 247th board meeting of the company. Alhaj Morshed Alam is the chairman of Bengal Group and...

DSE/CSE News in Brief (6-11-2018)

DSE NEWSRecommendation of dividendStandard Ceramic Industries Ltd.: The board of directors has recommended 2.0 per cent cash dividend for general shareholders only (other than sponsors & directors) for the year ended on June 30, 2018. The sponsors/directors hold 18,41,072 shares out of total 64,60,650 shares of the company and the...

Agreement between UCB and Bangladesh Police Kallyan Trust Security Service

N. Mustafa Tarek, Deputy Managing Director of UCB and Ferdoush Ali Chowdhury, Assistant Inspector General of Police exchanging an agreement between UCB and Bangladesh Police Kallyan Trust Security Service with the presence of Managing Director (Acting) of UCB Mohammed Shawkat Jamil

Southeast Bank Limited signs MoU with Nagad, the digital financial service of Bangladesh Post Office for distributers'

Southeast Bank Limited has recently signed a Memorandum of Understanding (MoU) with Nagad, the digital financial service of Bangladesh Post Office for distributers' collection through its branch network. Syed Faisal Omar, Senior Executive Vice President, Southeast Bank Limited and Mostafa Kamal Ahmed FCA, Head of Accounts & Company Secretary, Nagad...

Humayun Kabir, Chairman of the board of directors of Modhumoti Bank Limited presiding over the 37th meeting of the board

Humayun Kabir, Chairman of the board of directors of Modhumoti Bank Limited presiding over the 37th meeting of the board at the company's head office on Monday where Barrister Sheikh Fazle Noor Taposh, MP, Chairman, Executive Committee and Md. Shafiul Azam, Managing Director & CEO of the bank were present

Md. Mehmood Husain, Managing Director & CEO of NRB Bank Limited formally inaugurating the 6th agent outlet

Md. Mehmood Husain, Managing Director & CEO of NRB Bank Limited formally inaugurating the 6th agent outlet of the bank as the chief guest at Monohorpur Bazar, Jashore recently where Chief Operating Officer of the bank Imran Ahmed, FCA was present