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

BSEC approves Zaheen Spinning’s rights offer

FE ReportThe securities regulator has approved a proposal of rights shares to be issued by Zaheen Spinning.The company will issue one rights share against one existing share at an offer price of Tk 10 each.The regulatory approval came Wednesday at a meeting held at the office of the Bangladesh Securities...

Brac Bank tops turnover chart (2018-03-08)

FE ReportTen top-traded companies accounted for more than 22 per cent of transactions on the country's major bourse on Wednesday with Brac Bank topped the list.Brokers said the investors were active on buying and selling of Brac Bank shares throughout the trading session ahead of year-end earnings and dividend declaration...

Mercantile Bank Limited donated an ambulance to Feni Diabetes Hospital operated

Mercantile Bank Limited donated an ambulance to Feni Diabetes Hospital operated by Feni Diabetic Samity as part of CSR activities of the Bank. A.K.M. Shaheed Reza, Chairman, Mercantile Bank Limited handed over the dummy key of the ambulance to Sushil Chandra Shil, Secretary of Feni Diabetic Samity on Wednesday at...

Queen South Textile to make debut Mar 13

FE ReportQueen South Textile Mills is set to make its share trading debut on March 13 (Tuesday) at the both bourses under "N" category, officials said.Queen South Textile Mills will be the 50th listed company under the textile sector which accounts for 3.20 per cent of the Dhaka bourse's total...

Top Vietnamese co to invest $100m in leather, footwear sector

FE DeskLeathergoods And Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) signed a Memorandum of Understanding & Cooperation Agreement with Vietnam Leather, Footwear and Handbag Association (LEFASO) Monday at LFMEAB conference room.The agreement was exchanged between LFMEAB and LEFASO at Pan Pacific Sonargaon, Dhaka in the presence of Mr. Tran...

New AMD of Premier Bank

Md. Abdul Jabber Chowdhury recently joined The Premier Bank Limited as Additional Managing Director (AMD). Prior to his joining to Premier Bank as AMD, he was the Deputy Managing Director (DMD) of United Commercial Bank Ltd, responsible for Chittagong division business. Earlier, he was the Deputy Managing Director of Shahjalal...

Stocks drift lower amid poor turnover

FE ReportStocks finished lower Wednesday, snapping the previous day's positive trend, as investors mostly followed cautious stance ahead of earnings and dividend declarations.Market operators said the small investors went for booking profits while the institutional investors could not support the market due to ongoing liquidity crisis, taking the market in...

Mamun-Ur-Rashid, Managing Director & CEO

Mamun-Ur-Rashid, Managing Director & CEO of Standard Bank Limited congratulated Ahmed Jamal at his office on being appointed as Deputy Governor of Bangladesh Bank.

The Premier Bank Limited recently signed a Memorandum of Understanding

The Premier Bank Limited recently signed a Memorandum of Understanding (MoU) with Hajj Agencies Association of Bangladesh (HAAB) under which HABB members will open accounts with the Premier Bank for depositing Hajj-related fees and expenses of Hajj Pilgrims. The Bank will provide specialized services to HAAB members to ensure smooth...

HSBC, IBA launch business case competition

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh and Institute of Business Administration (IBA), University of Dhaka have officially launched the "HSBC - IBA Business Case Competition 2018", said a statement.The competition was first launched in 2013 and is open to all undergraduate Business School students of Bangladesh. It...

Md. Jalalul Azim, CEO of Pragati Life Insurance Limited

Md. Jalalul Azim, CEO of Pragati Life Insurance Limited and Dr. Nazma Begum, Chairman of the Department of Economics of Dhaka University exchanging documents after signing a group insurance contract on behalf of their respective organisations recently. Dr. Md Akhtaruzzaman, Vice Chancellor of Dhaka University along with senior officials of...