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

Bring good cos to enhance depth of capital market

Discussants have stressed the need for proper utilisation of the country's capital market in country's industrialisation and infrastructure development.They also laid emphasis on listing of multinational companies and local large companies to enhance the depth of the stock market at a seminar titled 'Importance of Capital Market as Source of...

IPDC's 'iridescence to widen financial inclusion'

IPDC Finance Ltd has achieved resounding successes in all segments of its businesses in the outgoing calendar year and vows to perform better in the coming months with a re-branded image of the company, country's first private sector DFI.In December 2016, the company changed its name to 'IPDC Finance Ltd'...

Alif Manufacturing rights subscription begins Jan 30

Rights share subscription of Alif Manufacturing Company will begin on January 30, 2018 which will raise Tk 1.09 billion through issuance of the shares.Rights subscription of Alif Manufacturing Company, formerly known as CMC Kamal Textile Mills, will be continued till February 15, 2018.The record date for entitlement of rights shares...

Core index dips below 6,200-mark again

The core index of the major bourse on Wednesday dipped below the 6,200-mark, as cautious investors were on selling spree on large-cap stocks.Market insiders said price correction of some large-cap issues, like Grameenphone, Square Pharma, Brac Bank and Islami Bank, were responsible for the market fall."The small investors remained cautious...

National Tubes atop DSE transaction chart

The state-run National Tubes dominated the Dhaka bourse's transaction chart Wednesday while top 10 traded companies captured more than 24 per cent of the total turnover.Brokers said the investors were active on National Tubes shares throughout the trading session ahead of Annual General Meeting (AGM) scheduled to be held on...

BRAC University wins LafargeHolcim award

Lafargeholcim Foundation for Sustainable Construction has recently awarded a project on the new 'floating' campus of Brac University in Bangladesh with the Regional LafargeHolcim Awards 2017 for Asia Pacific. The project was highly appreciated by architects, landscape designers, engineers, urban planners and developers as it won the Bronze Award at...

NCC Bank opens 109th branch

NCC Bank Ltd. has formally opened its 109th Branch at Pabna Sadar. Director & former Vice-Chairman of the Bank Khairul Alam Chaklader formally inaugurated the Pabna branch as Chief Guest on Wednesday. Chairman of the Audit Committee Md. Amirul Islam FCA, FCS graced the occasion as special guest while Managing...

Mercantile Bank Limited inaugurated its 124th branch at Chitoshi Bazar

Mercantile Bank Limited inaugurated its 124th branch at Chitoshi Bazar, Chandpur recently. Md Quamrul Islam Chowdhury, Additional Managing Director & CBO of Mercantile Bank Limited inaugurated the branch as the chief guest.

Pubali Bank Limited inaugurated its 460th branch at Birganj

Pubali Bank Limited Tuesday inaugurated its 460th branch at Birganj, Dinajpur having online banking facilities. Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Ltd formally inaugurated the branch as the chief guest. Mohammad Ali, Deputy Managing Director of the bank was present as special guest.

Southeast Bank Limited signs agreement with Union Capital Limited

Southeast Bank Limited recently signed an agreement with Union Capital Limited in the city. Additional Managing Director of the bank S M Mainuddin Chowdhury and Managing Directorof Union Capital Mahmudul Alam signed the agreement on behalf of their respective companies. Under this agreement, Southeast Bank will provide collection and payment...

BASE Textiles Limited

BASE Textiles Limited decided to issue its shares through IPO under Fixed Price method for business expansion. In this connection, an agreement was signed between ICB Capital Management Limited (ICML) and BASE Textiles Limited recently. Mosaddake-Ul-Alam, Deputy Managing Director of ICB, Md Sohel Rahman (Additional Charge), CEO, and Md Shafiul...