DHAKA: Prime Bank Limited arranged a syndication agreement signing ceremony as the Lead Arranger through raising BDT 3960 million for Star Ceramics Pvt. Limited (SCPL) on 3rd October at a local hotel in the city. Besides Prime Bank 7 more banks namely Mutual Trust Bank Ltd, Trust Bank

DHAKA: Three leading mobile operators of the country Grameenphone, Robi and Banglalink got the approval of 3G packages from Bangladesh Telecommunication Regularity Commission (BTRC).Sources said that BTRC approved the packages with 15 conditions and directed the operators to ensure 70

DHAKA: Social networking company Twitter has said it plans to raise $1bn (£619m) in its stock market debut in documents filed with US regulators.In the filing, revealed on Thursday, the seven-year-old company said that it now has 218 million monthly users and that 500 million tweets are

DHAKA: The Asian Development Bank (ADB) Thursday said it will lend Bangladesh $500 million to help finance a major overhaul of secondary education to meet the country’s need for skilled and technology-savvy workers.The ADB funds - to be provided in four trenches over the coming decade -

DHAKA: Foreign exchange reserves reached $16.15 billion at the end of September this year, said a source in the central bank.A Bangladesh Bank official, wishing anonymity, said that foreign exchange reserves stood at $16,154 billion at the end of the last month after reaching $16,250

DHAKA: The Japan International Cooperation Agency (JICA) will provide Tk 100 crore loan for the development of garments sector of Bangladesh.A Memorandum of Understanding (MoU) was signed in this regard between JICA and Bangladesh Bank (BB) at a city hotel on Thursday.The MoU was signed

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, shed over six points to stand at 3,948 at the close on the last trading day of the week.Trade deals stood at 80,231 with transaction at Tk 2,646

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