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

DSEX back above 5700 after nine months

The main index of the country's premier bourse exceeded the 5,700-mark after nine months as enthusiastic investors continued to put money anew in stocks. People familiar with the capital market developments said stocks maintained its post-election rally amid spontaneous participation on hopes and excitement of investors, taking the core index...

Govt working relentlessly for development of ICT sector, says Mustafa Jabbar

Bangladesh Association of Software & Information Services (BASIS) expressed optimism on developing the ICT sector as Mr. Mustafa Jabbar has taken oath as Posts, Telecommunications & ICT Minister. “BASIS Family is honoured & privileged by the achievement of Mustafa Jabbar, the pioneer of the country’s ICT sector,” said a statement....

BSEC approves CAPIEC Unit Fund prospectus

The securities regulator has approved the draft prospectus of CAPIEC Popular Life P.F. Unit Fund.The approval came Tuesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).The initial size of the fund will be Tk 100 million. The sponsor will contribute Tk 10 million,...

Jim Yong Kim steps down as World Bank president

World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post, reports BBC.His resignation will take effect from 1 February.Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in...

DSE, DBA hail new finance minister

The board of the Dhaka Stock Exchange (DSE) has congratulated newly appointed Finance Minister A H M Mustafa Kamal. The DSE said as a member of the parliamentary standing committee on the ministry of finance Mr. Kamal previously worked for the market development. "The DSE expects that continuity of the...

Bproperty.com acquires Lamudi

bproperty.com, the country's only real estate marketplace on Tuesday announced that it has acquired Lamudi.com.bd another property portal in Bangladesh, said a statement.The deal, for an undisclosed amount, represents a consolidation of real estate services within the country through bproperty.com, with Bproperty's innovative and market leading solution to real estate...

News Briefs (9-1-2019)

Abdul Momen Shamim Chowdhury CSE gets new acting chairDr. A.K. Abdul Momen, newly appointed foreign minister, has resigned from the board of the Chittagong Stock Exchange (CSE). Along with accepting his resignation, the port city bourse also elected Maj Gen Mohammad Shamim Chowdhury (Retd.), an independent director, as acting chairman....

DSE/CSE News in Brief (9-1-2019)

DSE NEWSDisbursement of dividend Summit Power Limited: The company has disbursed the cash dividend for the year ended on June 30, 2018 to the respective shareholders' Bank Accounts through BEFTN system.GPH Ispat Ltd.: The company has credited the bonus shares for the year ended on June 30, 2018 to the...

Indian shares edge higher

Indian shares nudged up slightly on Tuesday, as investors booked some profits and waited on the sidelines for further cues ahead of the start of another corporate earnings season, reports Reuters.Global stocks witnessed a relief rally and risk appetite was favoured in the previous session after jitters about a global...

Annual Business Conference-2019 of Jamuna Bank

The Annual Business Conference-2019 of Jamuna Bank Limited was held at the Le Meridien Dhaka. Eng. A. K. M. Mosharraf Hussain, Chairman, Board of Directors inaugurated the conference. Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation, Kanutosh Majumder, Chairman, Executive Committee of the board were present as special guests. Shafiqul Alam,...

Guardian Life Insurance Limited signs contract with BRAC University

Guardian Life Insurance Limited (GLIL) has recently signed a contract with BRAC University to ensure group life and health insurance coverage for the employees of the university along with their family members. M M Monirul Alam, Managing Director & CEO of Guardian Life was present, among others

BAPI accorded reception to seven elected members of parliament

Bangladesh Association of Pharmaceutical Industries (BAPI) accorded reception to seven elected members of parliament associated with the pharmaceutical industry. The event was held at a hotel in the capital on Monday night. The lawmakers are Salman F Rahman, Nazmul Hassan, Dr. AFM Ruhul Haque, Md. Habibe Millat, Md. Mamunur Rashid...

Md. Sirajul Haque, Deputy Managing Director of SIBL inaugurating 87th agent banking outlet

Md. Sirajul Haque, Deputy Managing Director of Social Islami Bank Limited (SIBL), inaugurating the 87th agent banking outlet of the bank the chief guest at Chandra Bazar, Faridgonj in Chandpur on Monday