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

Net foreign funds on DSE tumble in January-October

The net foreign fund in the prime bourse plunged year-on-year in ten months of the year as overseas investors are pulling out funds from the capital market fearing political jitters in the elections year.Market operators said depreciation of taka against the US dollar coupled with political tension surrounding national elections...

NCC Bank to raise capital to Tk 20b

National Credit and Commerce Bank Ltd. has decided to enhance its authorised capital from Tk. 10 billion to Tk 20 billion. The approval was given in the Bank's 8th Extra-ordinary General Meeting (EGM) held at Police Convention Hall, Dhaka on Sunday.Chairman of NCC Bank Md. Nurun Newaz Salim presided over...

BSRM takes unique CSR project

BSRM has taken an initiative to reach kids of meager income families who come to school without having breakfast. Under a joint venture partnership, the CSR desk of BSRM will supply fresh milk produced in-house through Gana Unnayan Kendra (GUK) to the students, said a statement.A cow farm will be...

ICAB elects new council

A 20-member council of the Institute of Chartered Accountants of Bangladesh (ICAB) was elected on Saturday.The council is the highest policy-making body of ICAB. The 18 councillors from Dhaka constituency and two councillors from Chittagong constituency were elected to form the Council for the tenure 2019-2021.The elected council members are...

ACME to launch commercial operation of steroid, hormone, penicillin

The ACME Laboratories has registered a steady growth in profit earnings during last five fiscal years riding on 'efficient' management.During the period, the company's revenue, earnings per share (EPS), net profit and net operating cash flow rose gradually.The company's target of increasing earnings was driven by diversified portfolio.Considering the industry...

Bank Asia to launch new online money transfer service, inks deal with Inpay

Bank Asia Limited is set to launch a new online money transfer service aiming to facilitate bringing remittance from European countries in Bangladesh.Through the service, clients will be able to send their money directly from their respective online bank accounts through internet without visiting bank branches or other facilities.To this...

News Briefs (26-11-2018)

Profit booking pulls stocks downProfit-taking in banking, non-bank, telecommunication and pharmaceuticals stocks kept the stock market lower on the opening day of the week on Sunday. Market operators said the fall in prices of major sectors, which were on a gaining streak in the previous week, pulled the market down,...

EBL opens an Agent Banking Branch

Eastern Bank Limited (EBL) opened an Agent Banking Branch at Amzad Khan Memorial Hospital premises at Natore on Sunday. Ali Reza Iftekhar, Managing Director of the Bank, formally inaugurated it along with Ahsan Khan Chowdhury, Chairman and CEO of Pran Group. Pran Agro Limited is the official partner of EBL...

272nd meeting of the board of directors of Pragati Insurance

Syed M. Altaf Hussain, Chairman of Pragati Insurance Limited, presiding over the 272nd meeting of the board of directors at the head office of the company on Sunday while Mohammed A. Awwal, former Chairman, Khan Mohd. Ameer, Vice-chairman and Md. Rezaul Karim, Managing Director of the company were present

LankaBangla Finance and RANCON Holding signs MoU

Khurshed Alam, Senior Executive Vice President & Head of Retail Finance, LankaBangla Finance Limited, and Mashid Rahman, Divisional Director, Real Estate Division, RANCON Holding Limited, exchanging documents after signing a Memorandum of Understanding (MoU) on behalf of their respective organisations recently with a vision to cater the growing demand of...