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

DSE turnover at two-month low

Stocks extended the losing streak on Monday with turnover hitting two months low on Dhaka Stock Exchange (DSE), as shaky investors continued their sell-offs on major sector-wise issues.DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 48.65 points or 1.0 per cent to settle at seven-week...

Saifuzzaman Chowdhury MP, Land Minister, seen at the inaugural ceremony of the Islamic Banking window of United Commercial Bank Limited

Saifuzzaman Chowdhury MP, Land Minister, seen at the inaugural ceremony of the Islamic Banking window of United Commercial Bank Limited named UCB Taqwa. Bazal Ahmed, Vice-Chairman of UCB and Chairman of Shariah Supervisory Committee, and Mohammed Shawkat Jamil, Managing Director of UCB & Member of Shariah Supervisory Committee, were also...

The Satkhira Branch of First Security Islami Bank Ltd was relocated to its new premises at Molla Tower

The Satkhira Branch of First Security Islami Bank Ltd was relocated to its new premises at Molla Tower (1st floor), Abul Kashem Road, Satkhira on Sunday. Syed Waseque Md Ali, Managing Director of the bank, inaugurated the relocated branch through a video conference.

Crystal Insurance's IPO subscription begins Nov 10

The initial public offering (IPO) subscription of Crystal Insurance Company Ltd is set to open on November 10, aiming to raise Tk 160 million. The IPO subscription for shares of the non-life insurer by the eligible investors through electronic subscription system under the fixed price method will be continued until...

Olympic Industries to import brand new machinery worth Tk 49.26m

The board of directors of Olympic Industries has decided to import brand new complete set of machinery, equipment and spare parts from China at an estimated total cost of US$ 579,600 equivalent around Tk 49.26 million.The company will import these items for installation at its biscuits and confectionary factory at...

Dhaka Central Zone of Islami Bank Bangladesh Limited organised a webinar titled 'Compliance of Shari'ah in Banking Sector'

Dhaka Central Zone of Islami Bank Bangladesh Limited organised a webinar titled 'Compliance of Shari'ah in Banking Sector' on Saturday. Syed Abu Asad, Director of the bank, addressed the programme as the chief guest while Muhammad Qaisar Ali, Additional Managing Director, was special guest.

Citibank, N.A. Bangladesh leads in Global Finance's 2020

Citibank, N.A. Bangladesh was recently recognized for its digital leadership by Global Finance in the publication's annual World's Best Digital Bank Awards, said a statement. In the 2020 World's Best Corporate Digital Banks Awards, Citi swept 16 best corporate digital bank titles across Australia, Bangladesh, China, Hong Kong, India, Indonesia,...

Ahsanul Alam, Chairman of Union Bank Limited, inaugurated the 3rd Quarter Business Conference 2020 of the bank

Ahsanul Alam, Chairman of Union Bank Limited, inaugurated the 3rd Quarter Business Conference 2020 of the bank as the chief guest maintaining health rules. Managing Director of the bank A. B. M. Mokammel Hoque Chowdhury presided over the conference while Deputy Managing Director Md. Nazrul Islam was present.

CSE re-appoints Shamsur Rahman Chief Regulatory Officer

Bangladesh Securities and Exchange Commission (BSEC) has approved the re-appointment of Mohammad Shamsur Rahman, FCMA as the Chief Regulatory Officer (CRO) of Chittagong Stock Exchange (CSE). Earlier the board of directors of the CSE decided to extend his tenure for another three years. Mr. Rahman started his career with CSE...

United Commercial Bank opens UCB Taqwa, an Islamic Banking window

United Commercial Bank Limited (UCB) inaugurated Islamic Banking window named UCB Taqwa on Monday at the corporate office of the bank. Saifuzzaman Chowdhury MP, Land Minister, inaugurated UCB Taqwa as the chief guest. UCB Taqwa is committed to offer best-in-class banking services with full compliance with Shariah regulations. Among others,...

DSE/CSE News in Brief (13-10-2020)

Disbursement of dividend Phoenix Finance & Investments Limited: The company disbursed the cash dividend for the year ended on December 31, 2019 to the respective shareholders' bank accounts through BEFTN system on Monday.City General Insurance Company Limited: The company disbursed cash dividend for the year ended on December 31, 2019...

National Bank AGM approves 10pc dividend

National Bank Limited held its 22nd EGM & 37th AGM on Monday on a virtual platform. Zainul Haque Sikder, Sponsor Director and Chairman of National Bank Limited, presided over the meeting, said a statement. In the AGM 5.0 per cent stock dividend and 5.0 per cent cash dividend were approved...

DBC of ICMAB celebrates World Investor Week 2020

The Dhaka Branch Council (DBC) of ICMAB has organised a programme for celebrating World Investor Week 2020 on "Role of Corporate Governance for Sustainable Stock Market in Bangladesh" of the members recently, said a statement. Md. Eunusur Rahman, Chairman, Dhaka Stock Exchange (DSE) & Former Senior Secretary, Bank & Financial...

ERA InfoTech to develop Core NBFI Solution platform

Lankan Alliance Finance Limited (LAFL), the subsidiary of the largest state-owned bank of Sri Lanka, has awarded ERA InfoTech Ltd the job of developing its Core NBFI Solution platform at the LAFL corporate office in the city recently. The platform is expected to be ready by the end of March...

Stimulus bets prop up S&P, Nasdaq futures

Futures tracking the S&P 500 and Nasdaq 100 rose on Monday as investors remained hopeful about a deal in Washington over more fiscal stimulus, while Dow futures were subdued ahead of the start of the quarterly corporate earnings season.The Trump administration on Sunday called on Congress to pass a stripped-down...