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

IFIC Bank observes 43rd anniversary

IFIC Bank on Wednesday observed its 43rd anniversary in a simple ceremony at its Head Office at IFIC Tower in Purana Paltan. Salman F Rahman, Chairman of the Bank, along with other directors inaugurated the celebration by cutting cake. Shah A Sarwar, Managing Director and CEO, Deputy Managing Directors and...

Eight FIs being traded below face value

The shares of eight companies of the financial institution sector came below face value for a long time.Some of these companies reported losses in latest quarterly reports and annual reports for the year ended on December 31, 2018.Of the companies, the shares of the Bangladesh Industrial Finance Company (BIFC) have...

Al-Haj Textile to close mill

FE ReportAl-Haj Textile Mills has taken a decision to close its mill amid lay-off announced several times.The company has taken the decision due to 'non-improvement' of market situation of yarn sale.Besides, the company retrenched the staff and workers of the mill with effect from October 08, 2019 as per the...

DSE witnesses marginal losses

The Dhaka Stock Exchange (DSE) closed the Wednesday's session with a marginal loss and extended the losing streak for third consecutive session.On the day, the market experienced day long 'selling frenzy' amid investors' lack of confidence.Subsequently, all sectors of listed securities witnessed price correction and all indices also closed the...

Mercantile Bank Limited recently organised a two-day training course on 'profiling customers KYC,

Mercantile Bank Limited recently organised a two-day training course on 'profiling customers KYC, TP & risk grading to prevent bank from fraudulent activities' and 'CIB online reporting and its impact on credit judgment' at its training institute in Dhaka. Md. Quamrul Islam Chowdhury (3rd from left-sitting), Managing Director & CEO...

Tariqul Azam acting MD of Standard Bank

Md. Tariqul Azam Mr. Md. Tariqul Azam has become the acting Managing Director of Standard Bank Limited. His new assignment to serve as acting Managing Director & Chief Executive Officer of the bank came into effect from 01 October 2019 until further directive as per the decision taken at the...

Top 10 cos grab 37pc of market turnover

FE ReportTop 10 traded stocks grabbed 37 per cent of the market turnover featured by Dhaka Stock Exchange (DSE) on Wednesday.National Tubes topped the chart of top gainers following investors' increased participation.The company featured a turnover of above Tk 238.70 million and captured 7.80 per cent of the market turnover.The...

GIM Digital Truck, Runner Group sign deal

GIM Digital Truck, an online truck hiring platform, has inked a deal with automobile company Runner Group to provide transportation facilities, said a statement. As a result, from now on, Runner Group will use GIM's service for its logistical needs.The Memorandum of Understanding (MoU) was signed at the head office...

Mohammad Shamsul Alam, Managing Director and CEO of Agrani Bank Limited, receiving

Mohammad Shamsul Alam, Managing Director and CEO of Agrani Bank Limited, receiving 'Bangladesh Bank Remittance Award 2018' from Finance Minister AHM Mustafa Kamal, MP, in the city recently for getting first position among government owned banks for collecting highest remittance in banking channel, where Md. Ashadul Islam, Senior Secretary, Financial...

Md. Ataur Rahman Prodhan, CEO and Managing Director of Sonali Bank Limited and Michael Foley,

Md. Ataur Rahman Prodhan, CEO and Managing Director of Sonali Bank Limited and Michael Foley, Chief Executive officer of Grameenphone, exchanging documents after signing an agreement on behalf of their respective organisations at the bank's conference room in the city on Wednesday. Under the agreement, Sonali Bank Limited avail Grameenphone's...

Khairul Islam new WaterAid Regional Director for South Asia

Khairul Islam Dr. Md. Khairul Islam has been appointed as the Regional Director of South Asia for WaterAid - an international non-profit working for over 30 years across 28 countries around the world, offering people and communities with solutions to clean water, decent toilets and good hygiene, said a statement.Prior...

ICMAB condoles death of ex-additional director

Bahauddin The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has condoled the death of Alhaj K. M. Bahauddin, former additional director of ICMAB.He breathed his last on Wednesday at a hospital in Dhaka (innalillahe.......rajeun). He was 66. K. M. Bahauddin served ICMAB from 1972-2015.

BD,Uzbekistan to sign MoUs to boost trade, investment

Bangladesh and Uzbekistan are set to sign several memorandum of understanding (MoUs) during an expected visit of a Uzbek government delegation to Dhaka by this year, officials said. They planned the visit following Bangladesh commerce minister Tipu Munshi's visit to Uzbekistan last month when he had meetings with the high-ups...

BTRC wants to set up offices at divisional headquarters

Bangladesh Telecommunication Regulatory Commission (BTRC) wants to set up offices at all the eight divisional headquarters to expand its regulatory services across the country. According to its proposal sent to the post and telecommunication ministry last week, the regulator sought some 320 new manpower for the divisions - Dhaka, Chattogram,...

Managing Director and CEO of Islami Bank Bangladesh Limited Md. Mahbub ul Alam addressing an

Managing Director and CEO of Islami Bank Bangladesh Limited Md. Mahbub ul Alam addressing an orientation course for the newly inducted agents of the bank's Agent Banking activities at Islami Bank Training and Research Academy (IBTRA) in the city recently