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

Core index hits two-month low

Stocks extended the losing streak for third straight session Sunday.The core index of the Dhaka bourse on the day came down to nearly two months low as investors were mostly cautious ahead of year-ending.Market operators said retail investors remained idle about fresh exposure to the market, while institutional investors adopted...

ABB elects new board of governors

The Association of Bankers, Bangladesh Limited (ABB) held its 20th Annual General Meeting (AGM) at MTB Tower in the city Saturday, said a statement. A new Board of Governors for the association was elected at the AGM, which will remain in office for the two-year term 2018-2019. Syed Mahbubur Rahman,...

DBBL provides scholarship to 3,019 students

Dutch-Bangla Bank Limited (DBBL) on Sunday awarded scholarship to 3,019 students for their brilliant academic achievement in higher secondary and equivalent examinations in 2017.Finance minister Abul Maal A Muhith distributed the scholarship awarding letters to some of the students as the chief guest at a ceremony, held at the city's...

Govt extends timeframe to apply for loan facility till March 31

The supervisory committee of the capital market refinancing scheme has extended the timeframe to apply for loan facility till March 31, 2018 from existing deadline which ends on December 31, 2017.The deadline was extended on Sunday at a meeting of the supervisory committee of the refinancing scheme.Mohammad Saifur Rahman, an...

Nahee Aluminum makes flying debut

Nahee Aluminum Composite Panel made a flying trading debut Sunday, as its share prices jumped more than seven-fold, mainly due to investors' irrational hype over the new issue.The aluminum composite panel manufacturer's share price jumped to Tk 120 within a minute of the day's trading. The company's share price hovered...

Engineering sector tops DSE transaction chart riding on new issue

Engineering sector dominated the Dhaka bourse's transaction chart Sunday, riding on the new issue -- Nahee Aluminium Composite Panel which accounted for 13 per cent turnover on its debut day.The top 10 traded companies grabbed more than 35 per cent turnover of the Dhaka Stock Exchange (DSE). According to statistics...

Probashi Kallyan Bank gets Tk 150m to start its commercial operation

The government has provided Probashi Kallyan Bank (PKB) with Tk 150 million to start its commercial operation as a state-owned specialised bank, officials said. The sum of money will be made available from a fund of Tk 20 billion set aside in the budget for the fiscal year (FY) 2017-18...

Phoenix Finance holds workshop on 'Nat’l Integrity Strategy'

Phoenix Finance & Investments Ltd organised a workshop on 'National Integrity Strategy' in the city recently. Dr M Shah Alam, Deputy Managing Director and also Chairman of Integrity Committee of the company, inaugurated the training session, according to a statement.In his welcome speech, Shah Alam highlighted the application of integrity...

China's main OTC equity market to improve trading mechanism

SHANGHAI, Dec 24 (Reuters): China's main over-the-counter (OTC) equity market said on Friday that it would improve its trading mechanism by introducing auction trading, in an apparent effort to boost liquidity.The National Equities Exchange and Quotations (NEEQ) also published new rules on discriminative treatment of companies traded on the New...

DSE/CSE News in Brief (25-12-2017)

DSE NewsInterim dividend disbursementBata Shoe Company (Bangladesh) Limited: Bata Shoe Company (Bangladesh) Limited dispatched the interim dividend for the year 2017 on 21 December 2017. The folio holders will get warrants to their mailing address by Padma Courier Service and the BO holders will get the dividend through BEFTN to...

News Briefs- (25-12-2017)

MJL holds 19th AGMThe 19th Annual General Meeting of MJL Bangladesh Limited (MJLBL) was held on Sunday at Auditorium of Krishibid Institution Bangladesh (KIB), Dhaka. The high officials of MJLBL including a large number of shareholders attended the meeting. The meeting was presided over by Mr. Nazimuddin Chowdhury, Chairman, MJLBL....

Southeast Bank Limited shifted its Rangpur Branch to Canopass

Southeast Bank Limited shifted its Rangpur Branch to Canopass, Holding No- 39/7, Dhap Jail Road, Ward no-19, Rangpur City Corporation, Rangpur. S.M Mainuddin Chowdhury, Additional Managing Director of the bank formally inaugurated the new location of the branch Sunday.

Mercantile Bank Limited inaugurated its 126th branch at Ishwardi,

Mercantile Bank Limited inaugurated its 126th branch at Ishwardi, Pabna Sunday. Adil Raihan, Deputy Managing Director of the Bank inaugurated the branch as the chief guest.

United Commercial Bank Limited inaugurating the 174th branch at Chandanaish

Anisuzzaman Chowdhury, Chairman of Executive Committee, United Commercial Bank Limited inaugurating the 174th branch at Chandanaish, Chittagong Sunday. Among others Additional Managing Director Mohammed Shawkat Jamil and Deputy Managing Director Md. Abdul Jabber Chowdhury were present.

20th AGM of Daffodil Computers Ltd

The 20th Annual General Meeting (AGM) of Daffodil Computers Ltd was held in the city recently. Chairman of the company Ms Shahana Khan presided over the meeting. Managing Director Md Sabur Khan was attended the programme. The AGM approved 18 per cent cash dividend for the year 2016-2017.