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

Stocks tumble on panic sell-offs

Extending losses for the second consecutive session, the benchmark index of the Dhaka Stock Exchange (DSE) plunged steeply on Sunday, as panic-driven investors continued to dump their holdings to avoid further losses.DSEX, the prime index of DSE, slipped 96.95 points or 1.88 per cent to settle at 5,033, the lowest...

ICC Bangladesh President Mahbubur Rahman

ICC Bangladesh President Mahbubur Rahman (6th from left); ICC Malaysia Chairman Chew Phye Keat (6th from right); ICC Bangladesh Secretary General Ataur Rhman (5th from right) and Director and Chief of ICC-Commercial Crime Services P Mukundan (7th from left) seen with bankers from ten commercial banks of Bangladesh who attended...

Fortune signs export deal with Steve Madden

Fortune Shoes Ltd. has signed an agreement with New York-based Steve Madden for export of shoes worth US$ 4.0 million (Tk 340 million) which is scheduled to be shipped by October 2019.The agreement was signed on Friday, said an official disclosure on Sunday without elaborating.Steven Madden is a publicly traded...

Posts of MDs at DSE, CSE remain vacant

The posts of managing directors (MDs) at both the stock exchanges of the country have remained vacant due to delay in completing the appointment process.Presently, two senior officials are working as acting managing directors at both the Dhaka and Chittagong Stock Exchanges.The three-year tenure of the immediate past managing director...

News Briefs (22-07-2019)

President of Chittagang Metropolitan Chamber of Commerce & Industry Khalilur Rahman along with Jafar Alam MP, Managing Director and CEO of Al-Arafah Islami Bank Ltd. Farman R Chowdhury and other guests inaugurating the bank's 171st branch at Pekua in Cox's Bazar recently Al-Arafah Bank opens new branch in Cox's BazarAl-Arafah...

Ten cos account for 25pc transactions on DSE

Ten most traded companies accounted for one-fourth transactions on the Dhaka Stock Exchange (DSE), with the Fortune Shoes bagging the top spot on the turnover chart for the third straight session on Sunday.Market insiders said investors continued to show their appetite for the shoemaker's stocks after the company reported a...

Dutch-Bangla Bank opens branch in Lama

Dutch-Bangla Bank has opened its 186th branch at Aziznagar in Lama, Bandarban, on Sunday, says a statement. Bir Bahadur Ushwe Sing, Minister for Chittagong Hill Tracts Affairs, inaugurated the branch at the Chowdhury Shopping Complex as the chief guest. Abul Kashem Md Shirin, Managing Director & CEO of Dutch-Bangla Bank,...

Sunnova sees profitability ahead of its IPO

In mid-June, there were rumours that residential solar unicorn Sunnova planned to IPO. On June 27th, the company confirmed the rumors by submitting a pre-IPO prospectus to the SEC, reports therising.co. As Sunnova becomes the first residential solar company to IPO in years, investor interest is piqued. But as the...

Indian govt plans to offload 10pc in IRFC

Activating the IPO pipeline, the Indian government plans to offload 10 per cent in Indian Railway Finance Corporation (IRFC) through listing by September in a bid to raise Rs 10 billion, reports livemint.com."We are in the process of listing the IRFC for IPO to offload 10 per cent by September....

Abdul Aziz and other officials posing

Managing Director (CC) of Shahjalal Islami Bank Limited Abdul Aziz and other officials posing at a business review meeting of the bank with the officials of Khulna and Jashore region branches at a hotel in Jashore on Saturday