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

Pvt sector should come forward to help create skilled HR

FE ReportA total of 163 students Saturday received 'Mercantile Bank Abdul Jalil Education Scholarship', introduced by Mercantile Bank Limited.Governor of Bangladesh Bank Fazle Kabir distributed the scholarship cheques and certificates among the recipients of Dhaka division at a ceremony, held at a city hotel.Chairman of Mercantile Bank Limited (MBL) AKM...

Prime Bank inks deal with LABAiD Group

Prime Bank recently signed an agreement with LABAiD Group. In presence of the Deputy Managing Director & CBO of Prime Bank Md. Touhidul Alam Khan, the "Prime Payroll" agreement was signed by SVP and Head of Sales & Collection of Consumer Banking Division of the Bank Mamur Ahmed and Chief...

EBL launches co-branded Visa card with Fortis

Eastern Bank Limited (EBL), one of the leading private sector banks in Bangladesh and AFC Health Ltd, representing Fortis Healthcare, the fastest growing hospital network in Bangladesh and India, announced launch of EBL- AFC Health Fortis Visa Prepaid card, said a statement. The co-branded prepaid card will offer customers an...

ICMAB holds Accounting educators' conference

Speakers in a recent conference organised by The Institute of Cost and Management Accountants of Bangladesh (ICMAB) emphasized the need for greater co-operation of academicians and the practitioners to narrow down the gap between the theory and the real-world management accounting practice, said a statement. ICMAB arranged the day-long "Accounting...

Confidence Steel Limited has recently signed a contract with Bangladesh University of Engineering and Technology

Confidence Steel Limited has recently signed a contract with Bangladesh University of Engineering and Technology (BUET) at the BUET premises for the construction of towing tank, pre-engineered steel building and its ancillary structures. The contract was signed by Md. Moazzem Hossain Sarker, Deputy Managing Director of Confidence Steel Limited and...

11 sectors face correction, six close higher

FE ReportMost of the sectors witnessed correction last week that ended Thursday as several listed companies' dividend declaration failed to satisfy investors' expectation. Of the 19 sectors listed with the prime bourse, except corporate bonds, debenture and treasury bonds, the market cap of 13 sectors closed lower while six ended...

Cos show mixed earning performance

FE ReportListed companies which recommended dividend in last week have displayed mixed performance in earnings for the year ended on June 30, 2017.A total of 38 companies have disclosed financial statements in last week. The companies of engineering sector have showed comparatively better performance in earnings.The companies, other than multinational...

Strong tech earnings, Apple lift Nasdaq higher

Strong earnings from tech giants and Apple's upbeat statement on its iPhone X demand lifted the Nasdaq Composite index 2 per cent and led the gains on Wall Street, reports Reuters.Amazon jumped as much 12.8 per cent after reporting a quarterly sales surge. Google-parent Alphabet gained 6.4 per cent as...

China approves IPO applications from nine cos

BEIJING, Oct 28 (Xinhua): China's securities regulator has approved IPO applications from nine companies, which will raise no more than 9.5 billion yuan (around 1.43 billion U.S. dollars) in the A-share market. Five companies will be listed on the Shanghai Stock Exchange, one on the Shenzhen small and medium enterprise...

DSE/CSE News in Brief (29-10-2017)

DSE NewsReschedule of board meetingNational Bank Limited: National Bank Limited has informed that due to unavoidable circumstances the board meeting of the company will now be held on October 31, 2017 at 2:45pm to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended...

HeidelbergCement shares soar 20pc

NEW DELHI, Oct 28 (PTI): Shares of HeidelbergCement India Friday zoomed 20 per cent after the company reported over two- fold jump in net profit for the quarter ending September 30.The stock soared 19.98 per cent to settle at Rs. 156.40-its 52-week high and also upper circuit limit-on BSE. At...