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

BSEC asks KPCL sponsors, directors to stop sales and transfer of shares

The securities regulator has directed Khulna Power Company Limited (KPCL) to stop the sales and transfer of its shares by sponsors, directors and others holding substantial amount of shares. The regulatory directive came as the company conducted sales of its shares by sponsors and directors 'concealing' price sensitive information. On...

Stocks nudge higher as telecom issues surge

Stocks ticked slightly higher for the second straight session on Tuesday as investors showed their buying appetite on telecommunication and pharmaceuticals issues.DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,288, advancing 9.29 points or 0.17 per cent over the previous day.The market opened on positive note...

Ten cos grab 30pc of total turnover

Top ten traded companies captured more than 30 per cent turnover of the prime bourse on Tuesday. Khulna Power Company topped the list.According to statistics available with the DSE, about 5.35 million shares of KPCL were traded, generating a turnover of Tk 372 million, which was 5.82 per cent of...

BBG to encourage more British cos to invest in BD

The British Business Group, Bangladesh (BBG) arranged a workshop for its members on how they can contribute to the group's goal and actively play their role in achieving it, said a statement.BBG Chairman Francois de Maricourt hosted the event while Alison Blake, British High Commissioner attended as the Chief Guest...

Citi celebrates 30 years in Bangladesh

Citibank N.A. celebrated 30 years anniversary in Bangladesh with clients, regulators, alumni and community partners recently. The celebration was hosted by Mr. N. Rajashekaran, Managing Director and Citi Country Officer for Bangladesh. The program was attended by Mr. Jan Metzger, Managing Director, Head of Asia Pacific, Corporate and Investment Banking;...

185th branch of UCB at Fakirhat

Mohammed Shawkat Jamil, Managing Director of United Commercial Bank Limited, inaugurating the 185th branch of UCB at Fakirhat, Bagerhat on Tuesday. N. Mustafa Tarek, Deputy Managing Director of the bank, along with other senior officials were also present

Bank Asia Ltd celebrates its 19th anniversary

Bank Asia Ltd celebrated its 19th anniversary at the Bank's Corporate Office at Purana Paltan, Dhaka on Tuesday. A Rouf Chowdhury, Chairman of Bank Asia Ltd, cutting a cake to mark the occasion. Zakia Rouf Chowdhury, Executive Vice-Chairperson of Rangs Group, Vice-Chairmen, directors and Md. Arfan Ali, President & Managing...

Islami Bank Bangladesh Limited achieved 'The Strongest Retail Bank in Bangladesh 2018' award

Islami Bank Bangladesh Limited achieved 'The Strongest Retail Bank in Bangladesh 2018' award conferred by UK-based financial intelligence house Cambridge IF Analytica. Md. Mahbub ul Alam, Managing Director and CEO of the bank received the award from Shahid Malik, Former British Minister & Chairman of Global Cooperation & Development Partnerships...

News Briefs (28-11-2018)

ULAB Business Club arranges industrial tour ULAB Business Club organised an Industrial Tour to Zaber & Zubair Fabrics Ltd. at Tongi BSCIC Commercial Area recently. Students visited the assembly point, home and fashion dying sections, marketing building, mechanical workshop and stitching building of the factory to learn about how the...

DSE/CSE News in Brief (28-11-2018)

DSE NEWS Change of AGM dateBeacon Pharmaceuticals Ltd.: Due to unavoidable circumstances, the AGM of the company will now be held on December 05, 2018 instead of December 09, 2018. Other information of the earlier disclosure will remain unchanged.Response to DSE queryNational Tea Company Ltd.: In response to a DSE...

European shares would suffer more in a global trade war: ECB

FRANKFURT, Nov 27 (Reuters): Euro zone shares would suffer more than their US counterparts in the event of a full-blown global trade war but emerging markets would likely take an even bigger hit, research published by the European Central Bank (ECB) suggested on Tuesday.Trade tensions have risen this year as...

Southeast Bank and Thyrocare Bangladesh, exchanging documents

Khandoker Zibanur Rahman, Head of Retail Banking, Southeast Bank and Ronald Micky Gomes, Chief Operating Officer, Thyrocare Bangladesh, exchanging documents after signing an agreement for providing Payroll Banking Services, on behalf of their respective organisations recently

Sajjad Hussain of AB Bank poses for a photograph at a training programme

Sajjad Hussain, President & Managing Director (Current Charge) of AB Bank, poses for a photograph at a training programme on "Anti-Money Laundering & Combating Financing of Terrorism" organised for its officials recently