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

High rates of return on savings tools hobbles bond market: Experts

The yield rates on government savings instruments should be rationalised to help develop long-term securities markets in Bangladesh, experts said Thursday.They also recommended developing pension funds for all government employees along with issuing the housing mortgage bond.The suggesions came at a session on 'In Search for Long-Term Financing Instruments: The...

Building trust, injecting liquidity priorities of Chinese consortium

Lack of confidence and liquidity shortage are the main problems of the capital market in Bangladesh, and the first priorities of the consortium of Shanghai and Shenzhen stock exchanges would be to develop strategies in solving these problems. Chairman of supervisory board of Shanghai Stock Exchange Pan Xuexian said it...

Renata to set up UK subsidiary

Renata Limited, a pharmaceutical and animal health products manufacturer, will establish a subsidiary company in the UK after fulfilling necessary regulatory requirements to export products to the countries of European Union.The name of the subsidiary will be Renata (UK) Limited as the company's board of directors approved a proposal in...

Net foreign investment in stocks trebles in March

The net foreign investment in the country's capital market more than trebled year-on-year in March 2018 as overseas investors were tempted by the slump in the stock market, according to a quarterly review of a major trade body.The review by Metropolitan Chamber of Commerce & Industry, Dhaka (MCCI) on Economic...

Intraco makes flying debut despite market slump

Intraco Refuelling Station Limited Thursday made a flying debut in Dhaka and Chittagong stock exchanges despite the company's net profit fell 32 per cent in last nine months.The stock closed at Tk 43.60 each, registering an increase of 336 per cent on its offer price of Tk 10 in Dhaka...

FSIBL opens agent banking outlet in Chattogram

An agent banking outlet of First Security Islami Bank Ltd. (FSIBL) started its operation at Notunhat, Noajishpur, Raozan, Chattogram recently, according to a statement. Syed Waseque Md Ali, Managing Director of First Security Islami Bank Limited inaugurated the outlet with the massive presence of the social elites and locals. Among...

IBBL opens agent banking outlet in Barisal

Islami Bank Bangladesh Limited (IBBL) inaugurated its agent banking outlet at College Gate of Babuganj Upazila of Barisal recently, according to a statement. Advocate Tipu Sultan, MP inaugurated the outlet as the chief guest. Presided over by Md. Abdus Salam, Senior Vice President and Head of Barisal Zone, Md. Maidul...

Anwar Hossain new EC chair of IFIL

Anwar Hossain Anwar Hossain Chowdhury has been elected as the chairman of the Executive Committee of Islamic Finance and Investment Limited (IFIL) at the 235th meeting of the board of directors at IFIL head office in the city recently, according to a statement. He is the Managing Director of A.J...

United Power explains its position on published news

United Power Generation & Distribution Co. Ltd, in response to a DSE query dated May 15, 2018 regarding a news published in a newspaper with regard to "United Power is purchasing 3 power plants of the group", the company said: "We categorically express that we are not in a position...

UCB Capital Management Limited

UCB Capital Management Limited Managing Director & CEO Mohammed Rahmat Pasha and other senior executives greeting Dr. M. Khairul Hossain for an extension of his tenure as the chairman of Bangladesh Securities and Exchange Commission recently

News Briefs-(18-5-2018)

CRISL rates Summit Power 'AAA'Credit Rating Information and Services Ltd. (CRISL) has assigned the rating of Summit Power Ltd. as "AAA" in the long term and "ST-1" in the short term along with a stable outlook in consideration of its audited financials up to 30 June 2017, unaudited financials up...

DSE/CSE News in Brief (18-5-2018)

DSE NEWSResumption of tradingDelta Life Insurance Company Ltd.: Trading of the shares of the company will resume on May 20, 2018 after record date.Asia Insurance Limited: Trading of the shares of the company will resume on May 20, 2018 after record date.Bangladesh National Insurance Company Limited: Trading of the shares...