DHAKA: Standard Bank Limited, private commercial bank of the country, got its new Managing Director (MD) Md Nazmus Salehin.Md Nazmus Salehin joined the bank on Wednesday. Prior to joining this post he was the Additional Managing Director of the bank for the last 3 years, said a press

DHAKA: United States stocks fell on Wednesday as a partial government shutdown in Washington entered a second day, adding to concerns over how soon a political compromise would be reached.All ten S&P 500 sectors were lower, with material stocks the weakest, off 0.8 percent.Chemical maker

DHAKA: Beijing and Jakarta signed a series of economic agreements on Wednesday as Chinese president Xi Jinping began a trade-focused trip to Indonesia, his first visit to Southeast Asia since taking power.Like its Asian peers Japan and South Korea, China is seeking to strengthen its

DHAKA: Iran is preparing a politically risky increase in domestic fuel prices, trying to lighten the burden of multi-billion dollar subsidies on an economy severely damaged by Western sanctions.Iran oil minister Bijan Zanganeh said this week the government was studying plans for the rise,

DHAKA: PRAN-RFL Group arranged to serve cooked PRAN Mr Noodles for all Hajj pilgrims at Hajji Camp at Ashkona in the capital.  Kamruzzaman Kamal, Marketing director of PRAN RFL Group informed, Hajj pilgrims come at Hajji Camp from all over the country for immigration and other necessary

DHAKA: IFIC Bank has launched its own online remittance software ‘Remit4U’ for accelerating remittance flow from Oman and United Kingdom.The Managing Director & CEO of the Bank Shah A Sarwar inaugurated the operation of the software at a simple ceremony on Wednesday at the Head Office

DHAKA: Emirates expansion reached new heights on Tuesday with the launch of flights to Clark in the Philippines, the inauguration of a route between Milan and New York, and a brand new A380 service to Brisbane--all on the same day in four different continents.The first to take off from

DHAKA: The Asian Development Bank (ADB) forecast that Bangladesh may achieve 5.8 percent Gross Domestic Product (GDP) growth in the upcoming 2013-14 fiscal year.As per the ADB prediction, the GDP growth is expected to be below 6 percent this fiscal year much lower than the government`s

DHAKA: Asian Development Bank (ADB) has cut its outlook for developing Asia, citing slower growth in China and India.The bank added that concerns over the US scaling down a key stimulus measure, the quantitative easing (QE) programme, will also affect the region`s growth.Speculation over

DHAKA: Investors witnessed gain in benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 26 points to stand at 3,954 at the close on the forth trading day of the week.The volume of transactions stood Tk 2,866 million 88,629 with

DHAKA: Three memorandums of understanding (MoUs) have been finalized between Bangladeshi buyers and Pakistani companies at Expo Convention on Tuesday in Pakistan.During the signing, Mrs Shahida Qaiser, Director Investment B2B TDAP, Riazuddin Qureshi DG Board of Investment Sindh and

DHAKA: Due to poor production, only offshore gas field of the country, Sangu, was closed down permanently on Tuesday.Sangu gas field is located at about 50-km southwest of Chittagong district.Director of Petrobangla Mohammad Imaduddin said, “The operator of the field Santos, an

DHAKA: Eurozone unemployment fell for the first time in two and a half years this summer, but with 19 million people jobless analysts say the labour market remains the weak link in recovery.In a fresh sign of tentative redress from the eurozone crisis, official data showed unemployment

DHAKA: German carmaker BMW is recalling 176,000 vehicles over a problem with the power brake system.The company says in rare cases an interruption in oil supply to a part can mean loss of power braking assist.The brakes will still work, but the driver would have to press harder on the

DHAKA: Executive Committee of the National Economic Council (ECNEC) has approved a project for constructing 1,148 flats for cleaners of Dhaka City Corporations.The approval came ECNEC meeting Tuesday at NEC conference room at capital’s Sher-e-Banglanagar with Prime Minister and ECNEC

DHAKA: International Finance Investment and Commerce Bank Limited (IFIC), the fastest growing bank of the country, has selected Misys BankFusion as its core banking platform, helping the bank respond rapidly to changes in the market and to accelerate the bank’s already impressive recent

DHAKA: Trade deficit in July, the first month of the current fiscal year ending in June 2014, slid by about 100 percent to 129 million US dollars compared to a year earlier, as merchandise exports clocked robust double-digit growth, said a central bank official Monday.The official, who

DHAKA: Managing Director of Rupali Bank, a state-run commercial bank, M Farid Uddin has been elected representative of Dhaka University Registered Graduates Senates Committee.He bagged highest votes among the candidates of Ganatantrik Oikya Parishad Panel.The polls, for 25 representatives

DHAKA: The National Board of Revenue (NBR) extended the deadline for submitting income tax returns for 2013-2014 FY by one month up to October 31. The NBR came up with the disclosure at a press briefing on Monday. In a statement, the board said that the extension came following the

DHAKA: The International Labour Organization (ILO) signed new agreements with the Netherlands, the UK and Canada aimed at improving conditions in Bangladeshi garment industry. The ILO, in partnership with the Governments of the Netherlands, the UK and Canada have launched an innovative