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

Low-cap cos dominate gainers’ chart

Listed companies with low capitalisation dominated the gainer's chart of the Dhaka Stock Exchange (DSE) Sunday though they had no price sensitive information (PSI) or any expansion plan.The premier bourse served show-case notice on some of the low-cap companies recently. The companies, however, informed the premier bourse that they have...

Auditor detects mismatches in PGCB annual report

The auditor has identified mismatches in the financial statement of Power Grid Company of Bangladesh (PGCB) for the year ended on June 30, 2017.Following the mismatches, the auditor said on the basis of qualified opinion no detailed information regarding carrying amount of property, plant and equipment (PPE) was found.The carrying...

Green Delta, Seba ink MoU

Green Delta Insurance Company Ltd. (GDIC) and Seba Limited have recently signed a MoU on Weather Index Based Agriculture Insurance, said a statement. Under this MoU, GDIC would provide insurance coverage for the potato farmers of Seba in the Northern and Southern part of Bangladesh. Mr. Syed Moinuddin Ahmed, AMD...

Pubali Bank re-appoints MD & CEO

Md. Abdul Halim Chowdhury has been re-appointed as Managing Director & Chief Executive Officer of Pubali Bank Limited for 3 years. He has been serving as Managing Director & CEO since December 7, 2014, said a statement. Prior to his appointment, Mr. Chowdhury was AMD of the Bank. He joined...

BRAC Bank arranges workshop

BRAC Bank Limited conducted a daylong programme titled 'Women's Leadership Skills Development' recently in its head office for its female employees. The workshop was conducted by Ms. Nasreen Sattar, Chairman of Consumark (Former MD & CEO, SCB Afghanistan). Mr. Selim R. F. Hussain Managing Director & CEO, and Ms. Bilquis...

MTB signs PFI agreement with Bangladesh Bank

Mutual Trust Bank Limited (MTB) has signed a Participatory Financial Institutions (PFI) agreement with Bangladesh Bank (BB) recently under JICA-assisted 'Foreign Direct Investment Promotion Project BDP86'. Anis A. Khan, Managing Director & CEO, MTB and Md. Rezaul Islam, GM, Foreign Exchange Investment Department, Bangladesh Bank signed the agreement on behalf...

Prime Bank signs participatory agreement with Bangladesh Bank

Prime Bank recently signed a participatory agreement with Bangladesh Bank to disburse funds to attract foreign investment under the JICA-assisted 'Foreign Direct Investment Promotion Project' at Bangladesh Bank. In presence of Bangladesh Bank Governor Fazle Kabir, the agreement was signed by the Managing Director & CEO of Prime Bank Rahel...

Stocks tumble amid selling spree

Stocks witnessed a sharp decline Sunday, extending the losing streak for the second day in a row, as investors were on selling spree, fearing further fall.Market operators said the market fell sharply as investors were on selling binge amid tension over the final selection of Dhaka bourse's strategic partner and...

Padma Oil holds 48th AGM

The 48th annual general meeting (AGM) of Padma Oil Company Ltd. was held at 'Hall 24', CRB Road, Chittagong recently, according to a press release. Chairman of Padma Oil Company Nazimuddin Chowdhury presided over the meeting. Directors of the board ARM Nazmus Sakib, Sayed Mohammad Mozammel Haque, Ahmed Jamal Khan...

New DMD of Union Capital

Chowdhury Manzoor Liaquat has recently been appointed as the Deputy Managing Director of Union Capital Limited (UCL), a multiproduct Financial Institution, according to a press release. Mr. Manzoor has more than 23 years of experiences in the banking sector. In his long career he has successfully served the banking sector...

DSE News in Brief (19-02-2018)

Board meetingGlaxoSmithKline(GSK) Bangladesh: As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, GlaxoSmithKline(GSK) Bangladesh Ltd. has informed that a meeting of the board of directors will be held on February 27, 2018 at 4:30 pm to consider, among others, audited financial statements of the company for the...

Distribution of dividend warrants

Sinobangla Industries: Sinobangla Industries Limited has requested the concerned shareholders to collect their cash dividend warrants for the year ended on 30 June 2017 from Navana DH Tower, 9th Floor, 6 Panthapath, Dhaka-1215 from February 18, 2018 to February 20, 2018 between 10:00 am to 3:00 pm (Sunday to Tuesday)....

ONE Bank Limited signs participatory agreement with Bangladesh Bank

ONE Bank Limited signed a participatory agreement with Bangladesh Bank regarding use of JICA assisted Foreign Direct Investment Promotion Project fund recently. M Farkhrul Alam, Managing Director of ONE Bank Limited and Rezaul Islam, General Manager of Bangladesh Bank signed the agreement on behalf of the respective organisations. Governor of...