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

Stocks extend losses as Ramadan nears

Stocks witnessed yet another bearish session Tuesday, extending the losing spell for five consecutive sessions, as investors continued their selling binge on bank, telecom and pharma stocks.Market operators said ongoing pessimism coupled with upcoming holy month of Ramadan prompted many investors to cash in on stocks while some adopted 'wait-and-see'...

BRAC Bank witnesses steady growth in last five years

BRAC Bank displayed a steady growth in earnings and dividend payout in last five years riding mainly on managerial efficiency, the bank's top executive said, eyeing to make the company number one in the country's banking sector.The return on assets (ROA), an indicator of how profitable a company is relative...

DSE reschedules trading hours in Ramadan

The Dhaka Stock Exchange (DSE) has rescheduled its trading time during the holy month of Ramadan, without reducing trading hours like previous year.The trading on the DSE will take place from 10:00am to 2.00pm without any break during the Ramadan, instead of the regular trading period from 10:30am to 2:30pm.As...

LafargeHolcim launches new product today

LafargeHolcim launches new 'specialised' cement branded as 'Plastercrete' today (Wednesday) for plastering works in overall constructions.The company made the announcement of launching the new product at a press briefing at a city hotel on Tuesday.Rajesh Surana, CEO of LafargeHolcim Bangladesh, said the Plastercrete would ensure a smoother surface finish that...

United Ins approves 11pc cash dividend

United Insurance Company Limited has approved 11 per cent cash dividend for the year 2017 at the 33rd annual general meeting (AGM) of the company held at Spectra Convention Centre in the city recently, according to a statement. Chairman of the company Syed Aziz Ahmad presided over the meeting. The...

News Briefs-(9-5-2018)

Southeast Bank launches 'Instant Banking'Southeast Bank Limited has launched "Southeast Bank Instant Banking" service. The formal launching ceremony of the service was held recently at the bank's head office in the capital. M. Kamal Hossain, Managing Director of the bank, formally launched the value-added service for the customers. Through this...

Indian shares end slightly higher

Indian shares ended slightly higher on Tuesday, paring early gains which were led by ICICI Bank on hopes of improvement in the lender's asset quality after it announced March-quarter results post market hours on Monday, reports Reuters.The benchmark BSE index closed up 0.02 per cent at 35,216.32.The broader NSE index...

DSE/CSE News in Brief (9-5-2018)

DSE NEWSBoard meetingsGSP Finance Company (Bangladesh) Limited: A meeting of the board of directors will be held on May 14 to consider, among others, un-audited financial statements for the first quarter (Q1) ended on March 31, 2018.First Finance Ltd.: A board meeting of the company will be held on May...

Chairman of IBBL seen at a views exchange meeting

Professor Md. Nazmul Hassan, Ph.D, Chairman of Islami Bank Bangladesh Limited (IBBL), seen at a views exchange meeting with Bangladeshi expatriates at a hotel in Dubai, UAE the bank organised recently with Md. Mahbub ul Alam, Managing Director & CEO, in the chair

Mercantile Bank and bKash Limited exchanging documents after signing agreement

Adil Raihan, Deputy Managing Director of Mercantile Bank and Moinuddin Mohammed Rahgir, Chief Financial Officer of bKash Limited, exchanging documents after signing an agreement to provide "Cash Management" services to the leading mobile financial service provider in the country Tuesday. Kazi Masihur Rahman, Managing Director and CEO of Mercantile Bank,...

"Battle of Minds 2018"

Barrister Nihad Kabir, president of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), Golam Mainuddin, Chairman of British American Tobacco Bangladesh and Managing Director Shehzad Munim seen with the champion of "Battle of Minds 2018" Je Ne Sais Quoi team from IBA at the gala event of the competition...