DHAKA: IFC recently signed a $ 14.44 million loan agreement with Epyllion Knitwear Ltd for a project aimed at enhancing social compliance and ensure sustainable environment.Alemayehu, IFC South Asia regional Director, Wendy Werner, IFC country manager, Reaz Uddin Al–Mamoon, Managing

DHAKA: Fazle Kabir has taken formal charge as Governor of Bangladesh Bank on Sunday.He vowed to bring back 81 million US dollars, heisted from reserve account at New York Federal Bank.Earlier in the day, he stepped down as chairman of state-own Sonali Bank.On March 15, he was appointed as

DHAKA: Indian minister for petroleum and natural gas Dharmendra Pradhan flagged off Thursday from Siliguri of West Bengal a train carrying 2,200-MT gasoil as a goodwill gesture to Bangladesh.The consignment will be received in Parbatipur of Bangladesh by Bangladesh state minister for

DHAKA: Asian stock markets mostly tracked the gains made on Wall Street after the US central bank took a more cautious approach to its monetary policy.The Federal Reserve scaled back the number of interest rate rises it expects to make this year because of concerns over the global

SYEDPUR (NILPHAMARI): Country’s one of the popular private airliner Novoair’s Syedpur-Dhaka flights have been inaugurated on Thursday (March 17).The airliner’s managing director Mafizur Rahman inaugurated the flight at the VIP Lounge this morning.Nilphamari-4 MP Shawkat Chowdhury,

DHAKA: Newly appointed Governor Fazle Kabir vowed to find out the persons involved in heist from Bangladesh Bank reserve account at US Federal Bank.He made the declaration to journalists at Shahjalal International Airport on Thursday morning after arriving from USA.The Governor also

DHAKA: Retired senior secretary and also state-run Sonali Bank directorial board chairman Fazle Kabir has been made governor of Bangladesh Bank (BB).Public administration ministry issued a circular in this regard on Wednesday afternoon (March 16).According to the circular, Fazle Kabir has

DHAKA: China’s parliament has ended its annual session by approving a new five-year economic plan, as Premier Li Keqiang says the country will push ahead with economic reforms.The plan aims to increase China’s economy, the world’s second-largest, by around 6.5 to 7% a year by 2020,

DHAKA: Finance minister Abul Maal Abdul Muhith said that two Bangladesh Bank (BB) governors Nazneen Sultana and Abul Kashem have been removed from their posts.The minister made this disclosure to the media prior to the pre-budget discussion with non-government organization officials held

DHAKA: Dr Atiur Rahman said that he has resigned from the post of Bangladesh Bank governor for his moral obligation.However, the former boss of country’s central bank has faced widespread criticism over the reserve heist.‘The Prime Minster gave me the responsibility of Bangladesh

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday, the third trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 8.27 points to stand at 4475.89 at the close of day’s trading.Trade deals stood at 103535 with

DHAKA: Oil prices have fallen by nearly 3% after Iran put off plans to join nations proposing a freeze on production.Oil minister Bijan Zanganeh said Iran would only join discussions to cap output after its production reached four million barrels per day, reports the BBC.In February,

DHAKA: A three-member committee, led by former BB Governor Faras Uddin has been formed to investigate the theft of money from Bangladesh Bank account in US Federal Bank.Finance Minister Abul Maal Abdul Muhith disclosed the matter while talking to reporters at his office on Tuesday (March

DHAKA: Markets in Asia were trading in negative territory after Japan’s central bank left its monetary policy unchanged and gave a slightly less positive outlook for the economy.Investor sentiment was also hurt by oil prices, which fell by nearly 3% after Iran put off plans to join

DHAKA: Finance minister Abul Maal Abdul Muhith said that former finance secretary Fazle Kabir will be appointed as new governor of Bangladesh Bank (BB).He revealed the information at secretariat in city while talking to reporters on Tuesday (March 15).Sources said Fazle Kabir is

DHAKA: M Abul Kashem will discharge duty as interim governor of Bangladesh Bank (BB) following the resignation of Dr Atiur Rahman as governor amid criticism over the bank’s reserve heist from US Federal Bank.Prime Minister’s Office (PMO) press wing sources confirmed the matter to

DHAKA: Teofisto Guingona, head of the Philippine Senate's anti-corruption committee, said that because casinos are not covered by the country's anti-money laundering laws it was not clear if the stolen money from the Bangladesh central bank's account at the New York Fed could be

DHAKA: Dr Atiur Rahman has submitted resignation as Bangladesh Bank (BB) Governor amid criticism over heist from reserve account in US Federal Bank. A reliable source in Prime Minister’s office confirmed the matter adding, Dr Atiur has submitted resignation to PM on Tuesday.Bank robbers

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Tuesday, the third trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 19.64 points to stand at 4487.25 at 11:38 am.Trade deals stood at 31047 with transaction at Tk

DHAKA: The Westin Dhaka goes dark to shine the light on climate change with Earth Hour 2016. The hotel will join millions around the world in turning off lights for one hour on March 19 at 8:30 pm (local time) to illuminate a powerful message about environmental awareness and action. The