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

Stocks slump as large-cap issues face correction

Stocks drifted lower on Tuesday, after remaining flat in the previous day, as risk-averse investors went on profit booking sell-offs on large-cap issues.DSEX, the key index of the Dhaka Stock Exchange, went down by 28.43 points or 0.57 per cent to settle at 4,899, after adding more than 4.0 points...

ACI declares 90pc dividend despite losses

Advanced Chemical Industries (ACI) Ltd has decided to pay 80 percent cash and 10 percent stock dividends for the year ended on June 30, 2020, despite incurring a loss of Tk18.45 per share (consolidated).ACI officials said the dividend is being provided from the retained earnings of the company and bonus...

Badiur Rahman exempted from ACC case

Former Chairman and present Director of Al-Arafah Islami Bank Limited, Badiur Rahman has been exempted from a money laundering case filed by The Anti-Corruption Commission (ACC). ACC has concluded the case as no evidence was found against him, said a statement.Mr. Rahman, who currently is the Chairman of Risk Management...

Omera installs 462.44 KW rooftop solar system for Fakir Fashion

Omera Solar, a subsidiary of East Coast Group, installed a rooftop solar system for producing 462.44 kilowatt of electricity for the country's garment industry Fakir Fashion Ltd in its Rupganj factory, said a statement. Fakir Fashion's Managing Director Fakir K. Nahid officially inaugurated the rooftop solar system in its factory...

New Chairman of ICB

Prof. Dr. Md. Kismatul Ahsan joined as the Chairman of the Board of Directors of Investment Corporation of Bangladesh (ICB) on Tuesday. Prior to his joining he served as a Director of ICB Capital Management Limited. He was also the former Chairman, Department of Finance, Faculty of Business Studies, University...

PUBG MOBILE Campus Championship announced

PUBG MOBILE announced its PUBG MOBILE Campus Championship Bangladesh 2020. Bangladeshi residents have the opportunity not only to showcase their skill-set and talent but also compete for a massive prize pool of BDT 17,00,000. With the launch of this one-of-a-kind tournament, PUBG MOBILE looks to create a platform for talented...

Prime Bank wins two awards from ADB

Asian Development Bank (ADB) recognized Prime Bank as the 'Gender Champion' in 2020. ADB has also conferred 'Best Green Deal' Award to Prime Bank, said a statement. ADB's Trade and Supply Chain Finance Program (TSCFP) Awards is the most prestigious accolade in the banking and financial industry in Asia, given...

Community Bank holds board meeting

The 18th board meeting of Community Bank Bangladesh Limited was held at the Police Headquarters in Dhaka on Monday. The meeting was chaired by Inspector General of Bangladesh Police and Chairman of Community Bank Bangladesh Limited Dr. Benazir Ahmed BPM (Bar), said a statement. During the meeting important decisions were...

imo launches new feature 'Play Together'

imo, one of the world's largest instant communication platform, launched a new feature "Play Together" for its users in Bangladesh, which aims to bring people even closer virtually in these COVID 19 pandemic times, said a statement. Going much beyond the generic talk, chat, messaging and social networking, "Play Together"...

DSE/CSE News in Brief (11-11-2020)

Disbursement of dividend Uttara Finance and Investments Limited: The bonus shares of the company for the year ended on December 31, 2019 have already been credited through CDBL to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders.Board meetingsFar East Knitting &...

MTB Foundation in effort to align CSR initiatives

MTB Foundation, in its effort to align its CSR initiatives with the Sustainable Development Goals (SDGs), recently extended support to PFDA - Vocational Training Center Trust (PFDA - VTC) to provide vocational training to people with autism and neuro-disability. Syed Mahbubur Rahman, Managing Director & CEO, MTB, handed over a...

Rangpur Zone of Islami Bank Bangladesh

Rangpur Zone of Islami Bank Bangladesh Limited organised a webinar titled 'Compliance of Shari'ah in Banking Sector' recently. Md. Zakir Hossain, Director of the bank addressed the programme as the chief guest while Muhammad Qaisar Ali, Additional Managing Director of the bank, was special guest.

UAE's TAQA lifts foreign ownership cap to 49pc

DUBAI, Nov 10 : Abu Dhabi National Energy Co TAQA.AD has raised the foreign ownership limit in the company to 49% to attract investors after state-backed Abu Dhabi Power Corp (ADPower) took control of the energy firm this year. TAQA, which has a market capitalisation of $52 billion, reported a...