DHAKA: Standard Chartered will close up to 100 bank branches next year in Asia, Africa and the Middle East in an attempt to improve its profitability. The UK bank plans to cut about 8 percent of its global network of more than 1,200 branches to save $400 million a year. The announcement

DHAKA: The Danish ambassador Hanne Fugl Eskjær and IFC country manager Kyle F Kelhofer have recently signed an agreement aimed at bolstering renewable energy production and usage in Bangladesh.IFC senior energy specialist Chandrasekar Govindarajalu was also present, among others, at

DHAKA: A Collection Booth of Uttara Bank Limited has been opened at Bangladesh Krira Shiksha Pratisthan (BKSP) in Savar on Monday. Managing Director and also Chief Executive Officer (CEO) of Uttara Bank Limited Sheikh Abdul Aziz has inaugurated the Booth.  Joint Secretary & Director

DHAKA: The central bank of the country Bangladesh Bank (BB) will provide loan on easy terms for housing to the readymade garment (RMG) workers. Bangladesh Garment Manufactures & Exporters Association (BGMEA) and the garment owners will receive the loan and will be responsible in

DHAKA: Finance Minister AMA Muhith on Tuesday claimed that taking or giving bribe is not illegal and the developed countries also legalized it and called it ‘speed money’.The finance minister made the observation while addressing program of signing Memorandum of Understanding

DHAKA: A delegation of the country’s apex trade body Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will visit India to attend an engineering show.The disclosure came from a press release on Tuesday.FBCCI first vice-president Manwara Hakim Ali will lead the

DHAKA: The Anti-Corruption Commission (ACC) has grilled four officers, including assistant general manager (AGM), of Sonali Bank Limited for embezzlement of Tk 7,000 crore from nine branches of the bank.The ACC deputy director Mir M Zainul Abdin Shibli quizzed them at their

DHAKA: Key share price indexes at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed a mixed trend on Wednesday. Though, the both bourses witnessed positive trend in the early hours of trading but later the price index of DSE and CSE went down. However, DSEX,

DHAKA: PRAN Agro Ltd, a sister concern of PRAN, arranged day-long Dealer Conference-2014 in the capital on Monday.A total of 100 best dealers of Chutney group participated at the conference. Noodles and ketchup group dealer conference will be held on November 13 and November 20

DHAKA: A five-member delegation from Bangladesh left Dhaka this evening to participate in the 2nd meeting of the Russia-Bangladesh Joint Working Group on Nuclear Infrastructure Development to be held in Moscow from November 10 to 13. Rabindranath Roy Chowdhury, Joint Secretary,

DHAKA: The Anti-Corruption Commission (ACC) on Monday grilled three officers of Sonali Bank Limited for embezzling of Tk 7,000 crore from its nine branches.The ACC deputy director Mir M Zainul Abdin Shibli quizzed them in their headquarters in city’s Segunbagicha around 2:00pm.The

DHAKA: South Korea said on Monday it had effectively reached a free trade agreement with China that will eventually remove tariffs on over 90 percent of goods, although some details remain under negotiation.The announcement came after South Korean president Park Geun Hye met Chinese

DHAKA: The prices of most of the shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed negative trends from the early hours of trading on Monday, maintaining the previous day’s negative trend.DSEX, the prime index of the DSE, went down to 4,914.71

DHAKA: China on Saturday promised neighbouring Pakistan investment worth US$42 billion, an official said, as Islamabad promised to help Beijing fight what it calls a terrorist threat in its far-west.Pakistan’s prime minister Nawaz Sharif oversaw the signing of 19 agreements and

DHAKA: Bangladesh Railway (BR) has taken a decision to increase the frequency of trips of ‘Maitree Express’ as it had made a profit of Tk four crore from the international passenger train service that connected Dhaka and Indian city of Kolkata. Currently, BR has been conducting two

DHAKA: Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Kazi Akram Uddin Ahmed on Friday categorically said the country’s reserved remittance have stood at 22 billons now.Kazi Akram said Bangladesh receives 14 billons dollars remittances every year whereas

DHAKA: European aerospace giant Airbus announced Thursday it had signed a preliminary deal to supply the China Aircraft Leasing Company with 100 planes.The contract worth around 8.1 billion euros had signed at catalogue prices, reports The Straits Times.The Chinese leasing firm wants

DHAKA: Jin-Yong Cai, the Chief Executive Officer of International Finance Corporation (IFC), has lauded bKash, the leading mobile financial service provider in Bangladesh, for taking financial services to the unbanked population. “bKash has been building the foundation to strengthen

DHAKA: Bangladesh Bank (BB) has taken the lead role to encourage banks  widen and deepen their CSR activities. The initiative of providing support to nine development organizations from BB's social responsibility fund is a bold step to this effort.Governor of Bangladesh Bank Dr Atiur

DHAKA: The Anti-Corruption Committee (ACC) decided to sue four people, including three Pubali Bank Limited officials, for embezzlement of Tk 10.25 lakh.The decision came from a meeting at ACC Headquarters in city’s Segun Bagicha area on Wednesday.ACC deputy director (public