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

Stocks end flat amid bumpy ride on DSE

Stocks ended flat on Wednesday amid volatile trading as the investors were active both sides of trading fence ahead of Eid festival.DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,187, inching down by 0.09 point over the previous day.Market analysts said some investors were active on...

ICB AMCL declares dividends of eight closed-end MFs

The Trustee Committee of the eight closed-end mutual funds managed by ICB Asset Management Company Ltd (AMCL) declared dividend for the year ended on June 30, 2019, said official disclosures on Wednesday.The closed-end mutual funds are: ICB AMCL Second Mutual Fund, ICB Employee Provident Mutual Fund 1, Prime Bank 1st...

JMI Syringe's share price jumps 60pc in 3-month

The share price of JMI Syringes soared 60 per cent or Tk 192 each in the past three months without having any undisclosed price sensitive information.The medical devices manufacturer's share price soared 60 per cent or Tk 192 each in the past three months to close at Tk 513.40, after...

BUILD for ensuring credit lines for maximising export competitiveness

Business Initiative Leading Development (BUILD) has called for ensuring financial schemes and credit lines for exporters in order to maximize export competitiveness.BUILD made the plea at a dialogue on Financing Schemes and Available credit Facilities for Export Competitiveness under the 7th Financial Sector Development Working Committee (FSDWC) Meeting on Wednesday...

Lower pvt sector credit growth target to affect industrial production

International Business Forum of Bangladesh (IBFB) said the Monetary Policy Statement (MPS) has set the lower private sector credit growth target which will affect the industrial production and employment generation in the country."Such a reduction of the private sector credit growth target may affect the target to achieving 8.20 per...

City Bank, Biman to launch co-branded credit card

City Bank and Biman Bangladesh Airlines have recently signed an agreement to launch a co-branded credit card.This is going to be the first ever co-branded credit card between a bank and the national carrier of the country titled 'The Biman Bangladesh American Express® Credit Card'.The card is signed to cater...

Premier Leasing gets new chair

Engr. A Z M Akramul Haq was elected as Chairman of the Board of Directors of Premier Leasing & Finance Limited, said a statement. After graduation from Bangladesh University of Engineering & Technology (BUET), Dhaka (Session 1972-73), he worked for a brief period with Dockyard & Engineering Works Ltd., BSEC,...

Wall Street tumbles at the open on economic fears

NEW YORK, Aug 7 (AFP): US stocks plunged at the open on Wednesday, returning to sell-off mode as investors worldwide fled riskier equities and drove down bond yields on fears the global economy may be weakening even faster than expected.Amid concerns about impact of the escalating US-China trade war, central...

News Briefs (08-08-2019)

Md. Shafiul Azam Modhumoti Bank re-appoints MDMr. Md. Shafiul Azam has been reappointed as Managing Director (MD) and Chief Executive Officer (CEO) of the Modhumoti Bank Limited. He had been appointed as the Managing Director and CEO of the bank since 8th August 2016. Mr. Azam started his career with...

Pragati Life Insurance

Pragati Life Insurance Ltd signed a MoU with Bank Asia, Pragati Insurance & Microinspire to provide financial support to the Bank's SME borrowers especially unsecured borrowers in case of death and disaster related damage. MD & CEO of Pragati Life, Md. Jalalul Azim, President & MD of Bank Asia, Md....

Islami Bank Bangladesh Limited and Express Money inaugurated Remittance Campaign

Islami Bank Bangladesh Limited and Express Money inaugurated Remittance Campaign recently at Islami Bank Tower. Mohammad Qaisar Ali, Additional Managing Director of the Bank inaugurated the campaign as chief guest. Zakaria Mahamud, Country Manager, Express Money, Bangladesh, Mohammad Ali, Taher Ahmed Chowdhury, Hasne Alam and Md. Abdul Jabbar, Deputy Managing...

EBL and Bproperty.com

Eastern Bank Limited (EBL) and Bproperty.com Limited, a renowned real estate solution provider signed a MoU to provide quality home loan service to customers of the latter by sharing best value offerings. M. Khorshed Anowar, Head of Retail and SME Banking of EBL, and Mark Nosworthy, Chief Executive Officer of...