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

BSEC approves prospectus of Credence Unit Fund

The securities regulator Tuesday approved the draft prospectus of Credence First Shariah Unit Fund.The initial size of the fund will be Tk 100 million.The approval came at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).At Tuesday's meeting, the BSEC also imposed a penalty worth...

Dhaka bourse extends losing streak

FE ReportDhaka bourse Tuesday closed marginally lower extending the losing streak for fourth consecutive session following investors' less participation.On the day, most of the major sectors, other than pharmaceuticals and chemicals, declined on Dhaka Stock Exchange (DSE).The market started the session on a negative note and soon later the DSE...

HSBC, Nestlé sign supply chain solution agreement

The Hongkong and Shanghai Banking Corporation Limited and Nestlé in Bangladesh signed an agreement to offer "Buyer Approved Invoice Finance" (BAIF) for Nestlé's suppliers. This is a new supply chain financing proposition that provides more efficient and cost-effective working capital solution for buyers and their suppliers, said a statement. This...

Top 10 cos snare 33pc of total turnover on DSE

Top 10 companies grabbed 33 per cent of the total turnover featured by Dhaka Stock Exchange (DSE) on Tuesday.The premier bourse DSE featured a turnover of above Tk 4.48 billion which was 6.15 per cent less than the turnover of the previous session.On Tuesday, Grameenphone featured a turnover of Tk...

News Briefs-(10-01-2018)

IBBL distributes blanketsIslami Bank Bangladesh Limited distributed blankets among the cold-affected destitute people in Dhaka City. Md. Abdul Hamid Miah, Managing Director of the Bank distributed the blankets at the Bank's Head Office Tuesday. Abu Reza Md. Yeahia and Taher Ahmed Chowdhury, Deputy Manging Directors and Moshtaque Ahmed, Head of...

DSE/CSE News in Brief (10-01-2018)

DSE NewsDividend disbursementDoreen Power Generations and Systems Limited: Doreen Power Generations and Systems Limited has informed that the bonus shares of the company for the year ended on 30 June 2017 have already been credited through CDBL to the respective shareholders' BO A/Cs on December 27, 2017. The payment of...

Annual Business Conference-2018 of Jamuna Bank Limited

The Annual Business Conference-2018 of Jamuna Bank Limited was held at Jamuna Bank Old Home Complex in Keranigonj, Dhaka. Md. Ismail Hossain Siraji, Chairman, Board of Directors inaugurated the conference. Al-Hajj Nur Mohammed, chairman, Jamuna Bank Foundation, Tajul Islam MP, Kanutosh Majumder, Director, Jamuna Bank Limited, Rafiqul Islam, Independent Director...

Islami Bank Bangladesh Limited distributed blankets

Islami Bank Bangladesh Limited distributed blankets among the cold-affected destitute people in Dhaka City. Md. Abdul Hamid Miah, Managing Director of the Bank distributed the blankets at the Bank's Head Office Tuesday.

First Security Islami Bank Limited and Delta Quality Denims Limited signed an investment agreement

First Security Islami Bank Limited and Delta Quality Denims Limited signed an investment agreement recently at The Westin Dhaka Hotel. In the presence of Syed Waseque Md Ali, Managing Director of the Bank, Abdul Aziz, Deputy Managing Director & Manager of FSIBL Dilkusha Branch and Engineer AKM Faruque Ahmed, Chairman...

Pragati Insurance Limited organised a basic training course

Pragati Insurance Limited organised a basic training course for non-life insurance for its newly recruited officers at Pragati Training Institute in the city recently. Managing Director & CEO of the company Md Rezaul Karim distributed certificates among the participants.

94th meeting of the Board of Directors of Takaful Islami Insurance Limited

The 94th meeting of the Board of Directors of Takaful Islami Insurance Limited was held at its head office in the city recently. Chairman of the company Engr Khondaker Mesbauddin Ahmed presided over the meeting. CEO Md Azizul Islam and other high officials were also present on the occasion.