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

BSEC directs Pacific Denims to refund above Tk 209 million

The securities regulator has ordered Pacific Denims to refund IPO fund above Tk 209.80 million, which was 'misused' in the name of constructing building, into the company account.After taking required measures for refunding the IPO fund, the company's managing director will have to submit evidence in this regard to the...

Bangladesh Venture Capital gets licence

Bangladesh Venture Capital Ltd has received 'Alternative Investment Fund Manager' Licence from Bangladesh Securities and Exchange Commission under Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015. "As a licence holder, Bangladesh Venture Capital Ltd (BVCL) will be able to manage the venture capital fund, private equity and impact fund,"...

DSEX tumbles to three-week low

Stocks extended losses for the fourth straight session on Tuesday.The key index slumped to three-week low, as cautious investors continued selling spree.Market insiders said election sentiments are in the minds of investors and many of them have taken a cautious stance while rising non-performing loans in the banking sector prompted...

RAK suspends production of a tiles plant

RAK Ceramics (Bangladesh) has suspended production of a tiles plant, out of four, due to the maintenance work of the machinery of tiles production plant.The UAE-Bangladesh joint venture company stopped production of number-1 tiles plant for 46 days starting from Tuesday to January 25, 2019, according to a web news...

Standard Bank opens 128th branch in Brahmanbaria

Standard Bank Limited opened its 128th branch 'Sultanpur Branch' at Haji Market, Yakub Nagar, Sultanpur, Brahmanbaria on Tuesday, according to a statement. Mohammed Abdul Aziz, Vice Chairman of the bank formally inaugurated the branch as the chief guest while Mamun-Ur-Rashid, Managing Director & CEO of SBL, presided over the ceremony....

Kohinoor Chemical approves 20pc stock, 10pc cash dividend

The 31st annual general meeting (AGM) of Kohinoor Chemical Company (BD) Limited was held at Officers Club, in the city on Monday, with Mohammad Obaidul Karim, Chairman of the company in the chair, according to a statement. The declaration of 20 per cent stock and 10 per cent cash dividend...

Chinese companies urging employees to boycott Apple and buy Huawei

HONG KONG, Dec 11 (CNN Business): The detention of a top Huawei executive is prompting some Chinese companies and business groups to call for workers to boycott products from US companies like Apple, prompting fears of a wider backlash.Several organizations across China have issued notices urging staff members to show...

News Briefs (12-12-2018)

SINGER 'number 1 Refrigerator Brand'SINGER has been awarded the 'No. 1 Refrigerator Brand 2018' at the 'Best Brand Award Bangladesh 2018'. Leading global research agency Nielsen conducted a survey across the country on consumer insights. In the survey, people have chosen Singer Refrigerator as the No. 1 Refrigerator brand in...

DSE/CSE News in Brief (12-12-2018)

DSE NEWSDisbursement of dividend Bangladesh Submarine Cable Company Limited: The company has informed that it has disbursed the cash dividend for the year ended on June 30, 2018 to the respective shareholders bank accounts through BEFTN.Query responseJute Spinners Ltd.: In response to a DSE query dated December 10, 2018, the...

Syed Mahbubur Rahman and Tarafder Md. Ruhul Amin exchanging agreement of Cash Management Services

Syed Mahbubur Rahman, Managing Director & CEO of Dhaka Bank Ltd. and Tarafder Md. Ruhul Amin, Managing Director of Saif Powertec Ltd exchanging agreement of Cash Management Services on behalf of their respective organisations. Under the agreement, Dhaka Bank Ltd will provide automated cash management solution to the clients

SINGER has been awarded the 'No.1 Refrigerator Brand 2018' at the 'Best Brand Award Bangladesh 2018'

SINGER has been awarded the 'No.1 Refrigerator Brand 2018' at the 'Best Brand Award Bangladesh 2018'. Leading global research agency Nielsen conducted a survey across the country on consumer insights. In the survey, people have chosen Singer Refrigerator as the No. 1 Refrigerator brand in Bangladesh. Bangladesh Brand Forum handed...

IFIC Bank, Bishwo Shahitto Kendro (BSK) awarded 744 students

Sponsored by IFIC Bank, Bishwo Shahitto Kendro (BSK) awarded 744 students recently under its year-long book reading programme at Bangladesh Shilpakala Academy auditorium. IFIC Bank is sponsoring the book reading programme of Bishwo Shahitto Kendro in 516 colleges around the country

Finance Minister handing over the "ICMAB Best Corporate Awards 2017" to Selim R. F. Hussain

Abul Maal Abdul Muhith, MP, Finance Minister, handing over the "ICMAB Best Corporate Awards 2017" to Selim R. F. Hussain, Managing Director & CEO of BRAC Bank, for the first position in the Private Commercial Bank Category, at a ceremony held at a city hotel recently where Prof. Dr. M....

JQM Habibullah of Islami Bank Bangladesh receiving crest of ICMAB Best Corporate Award

JQM Habibullah, FCS, Deputy Managing Director of Islami Bank Bangladesh Limited, receiving the crest of ICMAB Best Corporate Award from Abul Maal Abdul Muhith, MP, Finance Minister, at the ICMAB award ceremony held at a city hotel recently where Professor Dr. M. Khairul Hossain, Chairman, Bangladesh Securities and Exchange Commission,...

14th AGM of Rangpur Dairy & Food Products

M. A. Kabir, Managing Director of Rangpur Dairy & Food Products Limited, among others, seen at the 14th annual general meeting (AGM) of the company in the city recently. The AGM approved 5.0 per cent stock dividend for the year ended on June 30, 2018 for the shareholders