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

DSE turnover hits five-month low

The turnover on the Dhaka bourse came down to Tk 2.71 billion on Wednesday, hitting five months low, as investors were reluctant to make fresh investment in stocks.Turnover, a crucial indicator of the market, dipped further by 6.0 per cent over previous day's mark of Tk 2.88 billion.It was the...

Soft launching of EXIM Finance (HK)

Export Import Bank of Bangladesh Limited softly launched its wholly owned subsidiary EXIM Finance (Hong Kong) Limited recently in a program at Holiday Inn Golden Mile Hotel, Kowloon, Hong Kong, said a statement. Managing Director of EXIM Bank Dr. Mohammed Haider Ali Miah was present in the programme as the...

Ten cos snare 28pc turnover on bourse

Ten most traded companies accounted for nearly 28 per cent of transactions on the Dhaka Stock Exchange (DSE) bourse on Wednesday.Grameenphone (GP) generated the highest turnover.Market analysts said investors showed their appetite on heavyweight GP shares amid positive news surrounding the GP.According to media reports, the government again instructed the...

Four more cos recommend dividend up to 49 per cent

Four more listed companies - Square Pharmaceuticals, Square Textile, MJL Bangladesh and Quasem Industries have recommended dividend up to 49 per cent.Square Pharma: The board of directors of Square Pharmaceuticals has recommended 42 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2019.The...

Chevron distributes over 800 scholarships

As a part of its ongoing yearly scholarship distribution programme for financially disadvantaged, meritorious students, Chevron Bangladesh hosted a ceremony at the premises of its Bibiyana Gas Plant on Tuesday, said a statement. In all, 823 students from 24 educational institutions near Chevron's Bibiyana, Jalalabad and Moulavi Bazar natural gas...

Md. Quamrul Islam Chowdhury

Md. Quamrul Islam Chowdhury, Managing Director & CEO of Mercantile Bank Ltd, addressing a workshop titled "Cyber Security Awareness for Senior Management along with the divisional, departmental and unit heads of Head Office" at its training institute in Dhaka recently. Mati Ul Hasan, Additional Managing Director & Chief Risk Officer...

News Briefs (24-10-2019)

Mamoon Mahmood New AMD of NRB BankMr Mamoon Mahmood Shah joined NRB Bank Limited recently as its AMD. A Postgraduate in Accounting from the University of Dhaka, Mr Mamoon started his banking career as Probationary Officer of IFIC Bank Ltd. He has a wide range of banking experience of more...

DSE/CSE News in Brief (24-10-2019)

DSE NEWSBoard meetingsOrion Pharma Ltd.: A board meeting of the company will be held on November 06, 2019 at 4:00 pm to consider, among others, audited financial statements of the company for the year ended on June 30, 2019.Runner Automobiles Limited: A board meeting of the company will be held...

Syed Waseque Md Ali (middle)

Syed Waseque Md Ali (middle), Managing Director of First Security Islami Bank Limited, inaugurating the Noapara Bazar Branch of the bank at Madhabpur, Habiganj on Tuesday where Md. Mustafa Khair, Deputy Managing Director, was present

Mohammad Al Amen

Mohammad Al Amen, Deputy Inspector General, Department of Inspection for Factories and Establishments, distributing certificates on Tuesday for giving medical service to stakeholders and in medical centres. Mohammad Jahangir Alam (2nd from left), Managing Director of GPH Ispat, and Mohammad Almas Shimul, Additional Managing Director of GPH Ispat, also seen

Saadat R Khan

Saadat R Khan, Chief Executive Officer of Janata Insurance Company Limited, and Abul Kalam Azad, SVP and Head of National Sales, Retail Banking Division of United Commercial Bank Limited, exchanging documents after signing an agreement of CEP between two companies in the city recently where Mukbul Hossain, Executive Director and...

Indian shares eke out gains

BENGALURU, Oct 23 (Reuters) - Indian shares closed a tick higher on Wednesday, led by gains in auto and IT stocks, as investors paused to study trends from corporate results before placing fresh bets.The broader NSE index ended 0.14 per cent higher at 11,604.10, while the benchmark BSE index finished...

Sumitomo Life to raise investments in stocks, foreign bonds

TOKYO, Oct 23 (Reuters): Sumitomo Life Insurance plans to increase investments in risk assets such as stocks and foreign bonds, to boost income as global bond yields are expected to stay depressed, a top investment planning official said on Wednesday.Japanese life insurers collectively hold about 370 trillion yen ($3.4 trillion)...