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

DSEX exceeds 4,800-mark on buying spree

Stocks extended the winning streak for the second straight session on Wednesday with key index of the Dhaka Stock Exchange (DSE) crossing the 4800-mark once again.DSEX, the core index of the Dhaka Stock Exchange (DSE), crossed the 4,800-mark, gaining 46 points or 0.96 per cent to settle at 4,827.The optimistic...

BSEC approves IPO of Dominage Steel Building

The securities regulator on Wednesday approved the IPO (initial public offering) of Dominage Steel Building Systems Ltd which will raise capital worth Tk 300 million.The Bangladesh Securities and Exchange Commission (BSEC) also approved two other proposals of raising an aggregate amount of capital worth Tk 13.50 billion by two private...

Bay Leasing to pay 10pc dividend

The board of directors of Bay Leasing& Investment Ltd has recommended 7.5 per cent cash and 2.5 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on October 29...

New CEO of Lankan Alliance Finance

Mr. Kanti Kumar Saha has recently been appointed as new Chief Executive Officer (CEO) of Lankan Alliance Finance effective from 12th August 2020 taking over from Romesh Elapata on completion of his successful tenure. Chairman of Lankan Alliance Finance Jowher Rizvi welcomed the new CEO stating, "Lankan Alliance is set...

Guardian Life Ins implements e-KYC solution

Guardian Life hasimplemented e-KYC (Electronic Know Your Customer) solution within its EasyLife app along with a newly designed and revamped EasyLife website, said a statement.This is the first e-KYC integration of the whole insurance industry in Bangladesh allowing customers to buy life insurance policy in just 5 minutes!Guardian Life has...

A delegation of The Institute of Cost and Management Accountants of Bangladesh

A delegation of The Institute of Cost and Management Accountants of Bangladesh (ICMAB) led by its President Md. Jasim Uddin Akond met BSEC Chairman Prof. Dr. Shibli Rubayat Ul Islam at his office recently. Vice Presidents Abu Bakar Siddique and Md. Mamunur Rashid, Secretary Md. Munirul Islam, Past President &...

Commercial Bank of Ceylon PLC, donated medical equipment

Commercial Bank of Ceylon PLC, donated medical equipment like Video Laryngoscopes, High Flow Nasal Canolas, non-rebreathers and CPAP masks for fighting COVID-19, to Mugda Medical College and Hospital as part of CSR initiative. Varuna Kolamunna, CEO, Dilip Das Gupta , SGM, Kapila Liyanage, COO from Commercial Bank of Ceylon and...

Union Bank opens Bazalia sub-branch in Chattogram

A B M Mokammel Hoque Chowdhury, Managing Director of Union Bank Limited, inaugurated Bazalia Sub-Branch at Satkania in Chattogram, as the chief guest through video conference from the head office, Dhaka. Deputy Managing Directors Hasan Iqbal and Md. Nazrul Islam and Mayor of Satkania Municipality Mohammed Zobaier were present as...

LafargeHolcim Bangladesh Limited recently distributed 163 motorbikes

LafargeHolcim Bangladesh Limited recently distributed 163 motorbikes among the retailers who achieved the target set under 'Supercrete Moitree Offer'. As a part of the distribution programme Azizul Haque, Regional Sales Manager, handed over a motorcycle to one of the winner Humayun Kabir Khan, owner, Khan Enterprise, in Rajshahi. Air conditioner,...

IBBL Barishal Zone holds business dev Conference

Barishal Zone of Islami Bank Bangladesh Limited organised Business Development Conference on a virtual platform on Tuesday, said a statement. Md. Omar Faruk Khan, Additional Managing Director of the bank, addressed the conference as the chief guest. Md. Saleh Iqbal and Md. Mosharraf Hossain, Deputy Managing Directors, addressed as special...

Union Insurance holds 20th AGM

The 20th Annual General Meeting (AGM) of Union Insurance Co. Ltd. was held virtualy recently. The AGM was presided over by Founder Chairman of the company Mozaffar Hossain Paltu, said a statement. The shareholders expressed their satisfaction with the overall performance of the company. After the AGM, a meeting of...

Kedar Lele named new Chairman of Unilever Bangladesh Ltd

Mr. Kedar Lele, CEO and Managing Director of Unilever Bangladesh Ltd (UBL), one of the largest 'fast moving consumer goods' (FMCG) companies in the country, has been appointed as the new Chairman of the company. Mr. Lele succeeds Mr. Kamran Bakar, who served as Chairman of Unilever Bangladesh Ltd since...

DSE/CSE News in Brief (27-08-2020)

Disbursement of dividend Nitol Insurance Company Limited: has informed that cash dividend for the year ended on December 31, 2019 has been disbursed to the respective shareholders' Bank accounts through BEFTN.Suspension of tradingFederal Insurance Company Limited: Trading of the shares of Federal Insurance Company Limited will remain suspended on its...