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

Many Japanese companies to invest in BD next year

Japanese Ambassador to Bangladesh Hiroyasu Izumi said Japanese investors are keen to invest in Bangladesh."Honda's decision to set up an assembly plant near Dhaka is an epoch-making development and it jacked the confidence of other Japanese companies up to invest in Bangladesh," the Japanese Ambassador said while addressing the 13th...

Alif Industries back in main market

Share trading of Alif Industries, which was in the OTC market for last eight years, will commence on the Dhaka Stock Exchange (DSE) main market from today (Thursday).The board of directors of DSE has recently approved reenlistment of the company, paving the way for transfering it to the main trading...

City Bank arranges $15m to support SME, RMG portfolios

City Bank has recently arranged USD 15 million funds from Oesterreichische Entwicklungs bank AG (OeEB), the Austrian Development Bank to support the growing need of the Bank's SME, RMG and Offshore Banking portfolios. A Financial Closure Ceremony was organised in Vienna, Austria where City Bank Managing Director & CEO Sohail...

AB Bank opens agent banking at Dohar

AB Bank started its Agent Banking operation recently at Megula Bazar, Dohar, Dhaka, said a statement. Syed Mizanur Rahman, Executive Vice President of the Bank inaugurated the newly-established agent banking point.

PBIL shifts head office

The Prime Bank Investment Ltd (PBIL), a subsidiary of Prime Bank Ltd on Wednesday inaugurated its head office in the city's Banani shifting from Motijheel to focus more on the corporate clients. To this connection, an inauguration ceremony was held at the new PBIL office located at Tajwar Centre in...

Stocks finish higher as Lafarge keeps gaining

Stocks extended the winning streak for the two consecutive sessions Wednesday as investors continued their buying appetite on selective large-cap stocks, especially Lafarge Surma Cement.Lafarge, the multinational cement maker, dominated the day's turnover chart with 16.02 million shares worth Tk 1.13 billion changing hands. It also topped the day's gainer...

Summit Power brings changes to its Memorandum of Association

As part of business expansion plan, Summit Power Limited (SPL) has made changes to its Memorandum of Association (MA) at the 16th Extra-Ordinary General Meeting (EGM) held at Krishibid Institution Complex in the city.With these changes, Summit Power Limited will be able to generate electricity for Bangladesh Power Development Board...

Top 10 cos snare 44pc transaction on DSE

The top 10 traded companies, including four banks, captured nearly 44 per cent transaction of the Dhaka Stock Exchange (DSE) Wednesday while Lafarge Surma Cement accounted for more than 20 per cent turnover alone.Riding on Lafarge Surma, the total turnover on the premier bourse reached Tk 5.52 billion, which was...

Investors take position on large-cap issues

The country's premier bourse Wednesday witnessed increased participation as many investors took position on large-cap sectors.On the day, the turnover on Dhaka Stock Exchange (DSE) crossed Tk 5.0 billion mark after three sessions. The DSE broad index DSEX also closed marginally higher amid daylong volatility.According to International Leasing Securities, the...

DSE/CSE News in Brief (28-12-2017)

DSE NewsDividend disbursementGPH Ispat Ltd: GPH Ispat Ltd informed that it has credited the bonus shares for the year ended on June 30, 2017 to the respective shareholders' BO Accounts.Withdrawal of authorised representativesAnchor Securities Limited: Anchor Securities Limited (DSE TREC No. 177) has withdrawn two of its authorised representatives, Md....

Mercantile Bank Limited inaugurated its 128th branch at 'Access Road'

Mercantile Bank Limited inaugurated its 128th branch at 'Access Road', Chittagong Wednesday. A.K.M. Shaheed Reza, Chairman of the Bank inaugurated the branch as the chief guest. Shahidul Ahsan, Chairman of Mercantile Bank Foundation and Md Shahabuddin Alam, Director of the Bank spoke in the opening ceremony as special guests while...

Saifuzzaman Chowdhury is inaugurating the 177th UCB branch

Saifuzzaman Chowdhury, MP; State Minister, Ministry of Land, Government of the People’s Republic of Bangladesh is inaugurating the 177th UCB branch at Patiya, Chittagong Wednesday.

15th AGM of Matin Spinning Mills Limited

The 15th Annual General Meeting (AGM) of Matin Spinning Mills Limited was held on its factory premises at Sardaganj of Kashimpur in Gazipur on Wednesday. Chairman of the company Abdul Wahed presided over the meeting. Managing Director Mohammed Abdul Jabbar was also present on the occasion. The AGM approved 15...

Jamuna Bank Ltd opens its 119th branch

Jamuna Bank Ltd recently opened its 119th branch at Haji Ali Akbar Plaza, Bazar Road, Langalcout, Comilla. Md. Tazul Islam, MP, Director, Jamuna Bank inaugurated the branch as the chief guest. Md. Ismail Hossain Siraji, chairman of the bank was present as special guest.

Prof Md Anowarul Azim inaugurating Kazirhut branch

Chairman of Social Islami Bank Limited Prof Md Anowarul Azim inaugurating Kazirhut (Fatikchhari, Chittagong) branch of the bank as the chief guest recently. Managing Director & CEO Quazi Osman Ali presided over the programme.