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

Stocks witness sharp rise amid optimism

The Dhaka stocks displayed a sharp rise in broad index on Thursday, following increased participation amid optimism.The broad index on Dhaka Stock Exchange (DSE) crossed 5,700-point mark as major sectors including bank, engineering and financial institutions witnessed buying spree.The market opened with a positive note and the DSE broad index,...

Singer declares 100pc cash dividend as earnings soar 37pc

Singer Bangladesh Limited recorded a 37.4 per cent increase in earnings, whilst reporting its audited results for the year ended on December 31, 2017. The company maintained its long history of strong dividends, declaring a 100 per cent cash dividend amounting to Tk 766 million, said a statement issued on...

Regulator approves new fund manager EDGE AMC Ltd

EDGE AMC (Asset Management Company) has received registration certificate from the securities regulator to work as a fund manager.Bangladesh Securities & Exchange Commission (BSEC) issued the certificate for asset management operation to EDGE AMC Limited on February 28, 2018, a statement said.EDGE AMC Ltd, the 33rd asset management company of...

BSC takes massive procurement plan to become profitable entity: Minister

CHITTAGONG, Mar 15: Bangladesh Shipping Corporation (BSC) has approved 10 per cent cash dividend for its shareholders for the fiscal year 2016-17. The approval came in the 40th annual general meeting (AGM) of the BSC held in the port city today, presided over by its Chairman and Shipping Minister M...

IFIL recommends 14.50pc cash dividend

A board meeting of Islamic Finance and Investment Limited (IFIL) has recommended 14.50 per cent cash dividend for the year ended on December 31, 2017. The 231st meeting of the board of directors of the company was held at its boardroom in the city recently, according to a statement and...

News Briefs(16-03-2018)

Intraco Refueling subscription begins Sunday The subscription for shares of Intraco Refueling Station Limited by the eligible investors through electronic subscription system under fixed price method of the stock exchanges will be started from 10:00 a.m. of March 18, 2018 and continued till 5:30 p.m. of March 27, 2018 (round...

DSE/CSE News in Brief (16-03-2018)

DSE NEWSBoard meetingUnited Insurance Ltd.: A meeting of the board of directors will be held on March 22, 2018 at 3:30 pm to consider, among others, audited financial statements of the company for the year ended on December 31, 2017.Resumption of tradingLegacy Footwear Ltd.: Trading of the company shares will...

Alibaba plans listing in mainland China

E-commerce giant Alibaba Group Holding Ltd is working on a plan to list on a stock exchange in its home country, China, the Wall Street Journal (WSJ) reported on Thursday, citing people familiar with the matter, reports Reuters.Alibaba is evaluating ways in which its shares could be traded by investors...

Africa's Helios ditches London IPO plans, Congo turmoil weighs

LONDON, Mar 15 (Reuters): African mobile phone mast firm Helios Towers on Thursday pulled its plans to list in London, with one banker saying the expected IPO price was too low for shareholders who had been valuing the firm at as much as 2 billion pounds ($2.8 billion).Helios, which operates...

Senior executives of Bank Asia and MetLife Bangladesh exchanging documents

Senior executives of Bank Asia and MetLife Bangladesh exchanging documents after an agreement signed between the two organisations in the capital on Thursday, under which Metlife clients would be able to easily pay their insurance premium and conduct other financial transactions with the bank's branches and agent outlets across the...

IBBL Chairman Arastoo Khan receiving crest from State Minister for LGRD and Cooperatives

Islami Bank Bangladesh Limited (IBBL) Chairman Arastoo Khan receiving a crest from State Minister for LGRD and Cooperatives Mashiur Rahman Ranga at the inaugural function of a three-day International Agriculture Technology Fair at International Convention City, Bashundhara in the capital on Thursday

Jamuna Bank AMD Mirza Elias Uddin Ahmed inaugurating the bank's foreign remittance services

Jamuna Bank AMD Mirza Elias Uddin Ahmed inaugurating the bank's foreign remittance services with Worldwide West 2 East Services Limited's trading agent Sha Global, a UK-based global remittance company, in presence of Sha Global CEO Sanam Mia and senior executives of both the organisations at a function at the bank's...