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

DSE turnover hits below Tk 3.0 billion-mark

The Dhaka bourse witnessed another moderate correction in broad index and turnover on Sunday and extended the losing streak for fifth consecutive session.Only pharmaceuticals & chemicals sector saw nominal price appreciation, while other sectors displayed moderate correction following investors' panic-driven sales.Subsequently, the losers took lead over gainers, as out of...

Square Pharma launches volvac poultry vaccines

Square Pharmaceuticals Ltd introduced volvac poultry vaccines of German-based world renowned pharmaceuticals "Boehringer Ingelheim" in Bangladesh veterinary market namely Volvac® IBD MLV, Volvac® ND Conc. KV, Volvac® ND+IB+EDS KV and Volvac® AC Plus+ND+IB+EDS KV, said a statement. Managing Director of Square Pharmaceuticals Ltd. Tapan Chowdhury officially inaugurated the vaccine launching...

BGIC receives guideline from regulator

The trustee of the DBH 1st Mutual Fund has moved to call a meeting of the unit-holders, three-fourth of whom expressed opinion in favour of converting the fund into open-end from closed-end form. Bangladesh General Insurance Company (BGIC), trustee of the DBH 1st Mutual Fund, took the decision on Sunday...

Citi holds Innovation Day

Citibank, N.A.; Bangladesh has recently organized an event titled 'Citi Innovation Day 2019'.The event underlined innovation as the key problem solving tool for many day-to-day complex banking matters businesses face in Bangladesh. Attended by over 40 guests including clients, regulators, partners and key stakeholders, the event delivered differentiated content. The...

Al-Arafah Islami Bank opens 175th branch at Laksam

Al-Arafah Islami Bank Limited opened the 175th branch of the bank at Laksam, Cumilla on Sunday, said a statement. Badiur Rahman, Director of the bank, inaugurated the new branch as chief guest. A. K. Azad, Director of Central Hospital was present as special guest. Farman R Chowdhury, Managing Director and...

SIBL signs MoU with UCEP Bangladesh

Social Islami Bank Limited (SIBL) and UCEP Bangladesh have taken a project named "UCEP-SIBL Skills Training Project" for providing skill development training to the underprivileged youth of the society, said a statement. The bank signed a MoU with UCEP Bangladesh in this regard at the head office of the bank...

ONE Bank signs deal with Secret Recipe

ONE Bank Limited signed an agreement with Secret Recipe, Malaysian largest café chain in Bangladesh and its master franchisee Pepperoni Ltd recently, said a statement. Md. Kamruzzaman, Head of Retail Banking of ONE Bank Limited and K.S.M Mohith-Ul Bari, Head of Business, Pepperoni Ltd, signed the agreement on behalf of...

Padma Bank ranks 28th in remittance collection

Padma Bank, a fourth generation PCB has stood 28th among the 57 remittance receiving banks in the country, according to a recent central bank ranking.The Bangladesh Bank has prepared the list based on the amount of remittances that the local banks received in September this year.Padma Bank has topped the...

News Briefs (14-10-2019)

Tarique Kamal Premier Cement gets new COOMr. Tarique Kamal has joined Premier Cement Mills Limited (PCML) as Chief operating Officer (COO) with effect from October 1, 2019. Before joining Premier Cement, he served as the Head of sales and Distribution at Arla Foods Bangladesh Ltd. Prior to that he also...

Jamuna Bank opened its 133rd branch at Solonga Bazar

Jamuna Bank opened its 133rd branch at Solonga Bazar, Raigonj in Sirajgonj on Sunday. Eng. A.K.M. Mosharraf Hussain, Director, Jamuna Bank Limited, inaugurated the branch as the chief guest. Managing Director & CEO Shafiqul Alam (2nd from left) presided over the programme. Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation &...

'Best Women Friendly SME Bank of Bangladesh'

IDLC has been awarded the silver award as 'Best Women Friendly SME Bank of Bangladesh' by Global SME Finance Forum held in Amsterdam. A senior official of IDLC Finance received the award from the organiser

DSE/CSE News in Brief (14-10-2019)

DSE NEWSRecommendation of dividendEnvoy Textiles Limited: The board of directors has recommended 15 per cent cash dividend for the year ended on June 30, 2019. The AGM will be held on December 21, 2019 at 10:00 am, at Samarai Convention Center, 23/G/7, Panthapath, Dhaka-1205. The record date is November 14,...

PRAN UP to introduce 'Happy Family' campaign

Popular beverage brand PRAN UP is going to introduce happy family campaign. Under the campaign, participants will get the opportunity to visit Cox's Bazar with family members. The campaign will begin on Tuesday and run till October 22, said a statement.Anyone can be able to participate the campaign entering in...

IRCTC to make stock market debut today

NEW DELHI, Oct 13 (Business Standard): Indian Railway Catering and Tourism Corporation (IRCTC), which recently concluded its Rs 6.45-billion initial public offering, will make its stock market debut today (Monday).The shares will be listed on the BSE and the National Stock Exchange (NSE)."Effective from Monday, October 14, 2019, the equity...

Volkswagen denies plans for sale or stock listing for Lamborghini

FRANKFURT, Oct 13 (Reuters): Volkswagen on Sunday said that it has no plans for a sale or an initial public offering of luxury brand Lamborghini, after Bloomberg reported that it was considering shedding the unit.Bloomberg reported here on Friday that Volkswagen was readying to fold Lamborghini into a separate legal...