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

IPO subscription of Queen South Textile to begin Jan 7

Queen South Textile Mills is set to begin its initial public offering (IPO) subscription on January 7, 2018 which will raise a fund of Tk 150 million from the public.Meanwhile, rights share subscription of Alif Manufacturing Company will start on January 30, 2018 which will raise a capital worth Tk...

Emerald's share price soars sans PSI

Share price of Emerald Oil Industries is soaring although there is no undisclosed price sensitive information (PSI) of the company for recent unusual price hike.Emerald Oil, which produces the Spondon Edible oil by processing rice bran collected from auto rice mills, has also been facing problem since the suit of...

Confidence Cement approves 35pc dividend

CHITTAGONG, Dec 25: Confidence Cement Ltd approved 35 per cent dividend (15 per cent cash and 20 per cent bonus) for its shareholders for the fiscal year 2016-17. The approval came at the 26th Annual General Meeting (AGM) of the company held on its factory premises at Madambibir Hat of...

SEBI to revisit directive on loan default disclosure

NEW DELHI, Dec 25 (NDTV): Markets regulator SEBI is considering to revisit its directive on 'loan default disclosure', which will make it mandatory for listed companies to inform stock exchanges about such issues as soon as they occur. Besides, the markets watchdog is expected to apprise its board about its...

City Bank arranges $26m debt financing for Doreen Group power plant

City Bank recently arranged a fund for setting up a HFO-based power plant of Banco Energy Generation Limited owned by Doreen Group with a capacity of 53.9MW in Munshiganj. AKA Bank and Commerzbank of Germany provided ECA (Euler Hermes)-backed debt funding worth a total of $26 million through City Bank...

Tokyo stocks edge up at the close

TOKYO, Dec 25 (AFP): Tokyo stocks closed slightly higher on Monday in quiet trading, with investors sidelined by the Christmas holiday.The benchmark Nikkei 225 index edged up 0.16 per cent, or 36.42 points, to end at 22,939.18, while the broader Topix index was up 0.16 per cent, or 2.85 points,...

China markets fall amid fears of tighter liquidity

SHANGHAI, Dec 25 (Reuters): China stocks fell on Monday, with the start-up board ChiNext posting its biggest decline in three weeks as expectations of tighter monetary policies stirred worries about market liquidity.China is likely to set its 2018 money growth target at an all-time low of around 9 per cent...

19th Annual General Meeting of MJL Bangladesh Limited

The 19th Annual General Meeting of MJL Bangladesh Limited (MJLBL) was held at Krishibid Institution Bangladesh (KIB) auditorium in the city on Sunday. Managing Director of MJLBL Azam J Chowdhury and Chairman Nazimuddin Chowdhury were present at the meeting. The AGM approved 45 per cent cash dividend.

NRB Bank Limited opened the 34th branch at Ghonapara

NRB Bank Limited opened the 34th branch at Ghonapara, Gopalganj recently. Sheikh Fazlul Karim Selim, MP, Gopalgonaj-2 formally inaugurated the new branch as the chief guest of the ceremony. Mohammad Mahtabur Rahman, Chairman of NRB Bank Limited, Mohammad Mizanur Rahman, MP, Khulna-2 and Md. Mehmood Husain, Managing Director & CEO...

32nd meeting of the Board of Directors of Modhumoti Bank Limited

The 32nd meeting of the Board of Directors of Modhumoti Bank Limited was held at its head office in the city on Sunday. Humayun Kabir, Chairman of the board, Barrister Sheikh Fazle Noor Taposh, MP, Chairman, Executive Committee and Md Shafiul Azam, Managing Director & CEO of the bank, were...

Social Islami Bank Limited (SIBL) opened an agent banking outlet at Baluakandi of Gazaria

Social Islami Bank Limited (SIBL) opened an agent banking outlet at Baluakandi of Gazaria in Munshiganj on Sunday. Deputy Managing Director of the bank Zafar Alam inaugurated the agent banking outlet.

734th meeting of the Executive Committee (EC) of Shahjalal Islami Bank Ltd

The 734th meeting of the Executive Committee (EC) of Shahjalal Islami Bank Ltd was held in the city recently. Chairman of the EC Akkas Uddin Mollah presided over the meeting. Managing Director Farman R Chowdhury and other high-ups were present on the occasion.