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

Baraka Patenga Power's IPO road show Mar 28

Baraka Potenga Power Limited will hold a road show for eligible institutional investors on March 28 as the company plans to go public.The power generation company is set to raise Tk 2.25 billion from the capital market through initial public offering (IPO) using the book building method.As part of raising...

DSE turnover dips below Tk 3.0 billion-mark once again

Stocks finished almost flat Sunday, snapping the previous session's sharp rise, as investors remained cautious amid ongoing liquidity shortage in the financial market.Market operators said some investors preferred to book quick-gain on stocks that saw substantial gain in the recent upsurge while some took position on sector-wise issues, taking the...

ACI Ltd clears its subsidiary to go for making Japanese brand bike

ACI Motors is set to sign a manufacturing agreement with Yamaha Motors Company, Japan as its parent company ACI Limited approved the proposed deal at a meeting of its board of directors recently.Under the agreement, Yamaha brand motorcycle will be produced in Bangladesh through a fully CKD (Complete Knock Down)...

Quamrul Hasan new DMD of SJIBL

Mian Quamrul Hasan Chowdhury has joined as new Deputy Managing Director (DMD) of Shahjalal Islami Bank Limited (SJIBL). Prior to joining the bank, he served Bank Asia Limited also as DMD, looking after People Management Division, Marketing & Communication, Research & Strategy and Training Academy. A veteran in the banking...

Monno Ceramics tops DSE turnover chart

Monno Ceramic Industries Sunday topped the scrip-wise turnover chart of the premier bourse with a value of Tk 95 million following investors' increased participation. The company's share price, however, declined marginally as many investors offloaded the shares.The market insiders said that following a continuous price hike, the shareholders normally opt...

NCC Bank opens its 110th branch at Boalkhali, Ctg

NCC Bank Ltd. has formally opened its 110th Chowdhury Hat Branch at Boalkhali, Chittagong, according to a statement. Chairman of the bank Md. Nurun Newaz Salim graced the occasion as the chief guest while Chairman of the Executive Committee S.M. Abu Mohsin formally inaugurated the branch as special guest on...

DSE/CSE News in Brief (19-03-2018)

DSE NEWSNew chairman ofLafargeHolcim Christof Hassig has been appointed as the chairman of the company with effect from March 15, 2018.Reschedule of board meetingMercantile Bank Ltd.: The meeting of the Board of Directors of the Company will now be held on March 24, 2018 at 11:00 AM to consider, among...

Signing ceremony of Modhumoti Bank Limited

Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited, Mamun-Ur-Rashid, Managing Director of Ambrosia Restaurant Limited, Md. Shaheen Howlader, SEVP & Head of SME & Retail Banking Division of the bank at a signing ceremony of an agreement recently between the two organisations under which the restaurant would...

Workshop on 'Anti- Money Laundering'

Managing Director of First Security Islami Bank Limited (FSIBL) Syed Waseque Md. Ali poses for a photograph with Executive Director (current charge) Md. Anwar Hossain, Deputy General Manager of Bangladesh Bank Jahangir Hossain and Deputy Managing Director of FSIBL Md. Mustafa Khair after inaugurating a workshop on 'Anti- Money Laundering'...

Union Insurance handing over insurance claim settlement cheque

Talukder Md. Zakaria Hossain, Chief Executive Officer of Union Insurance Co. Ltd., handing over insurance claim settlement cheque to Md. Sorowar Alamgir, representative of M/s Sanowara Group of Companies, against insurance policy in presence of Company Secretary Md. Iqbal Rashidi and Head of Claim Mohd. Azad Hossain of Union Insurance...