DHAKA: Prime Bank Limited opened its 133rd branch at Kulaura in Moulvibazar district on Saturday, said a press release. Mother of Azam J Chowdhury, the former chairman of the bank, Bakhtunnesa Chowdhury inaugurated the branch. Vice Chairman of Board of Directors of the bank Mafiz Ahmed

DHAKA: China’s ruling Communist Party began a key meeting Saturday to dictate the direction of the world’s second-biggest economy for the next decade.The official Xinhua news agency said the gathering of the party Central Committee would discuss a draft document on ‘major issues

DHAKA: Twitter shares retreated on Friday a day after a sizzling debut on Wall Street, as some of the frenzy about the popular messaging service faded.The stock slipped 7.24 percent to close at US$41.64, a day after a stunning gain of 72.69 percent on its first day of trading on the New

DHAKA: Bangladesh and Pakistan would share their respective sectoral strengths with each other for the economic well being of the two countries.Lahore Chamber of Commerce and Industry (LCCI) and Bangladesh High Commission (HC) to Pakistan would act as a facilitator in this

DHAKA: China will provide a concessionary loan of up to US$1 billion to Pacific island nations, a part of the world where Beijing and Taiwan compete for influence, to support construction projects.China state media on Friday cited vice-premier Wang Yang as saying, reports The Straits

DHAKA: The US added 204,000 jobs in October, better than analysts had forecast. The jobless rate now stands at 7.3%.US Labor Department said, reports the BBC.On Thursday, it was announced that third-quarter US economic growth came in at a better-than-expected 2.8%.The monthly non-farm

DHAKA: The big question ahead of Friday’s release of the October United States employment report: How much did the 16-day partial government shutdown affect hiring last month?The shutdown may have caused the unemployment rate to spike and hiring to slow. If so, economists expect those

DHAKA: The big question ahead of Friday’s release of the October United States employment report: How much did the 16-day partial government shutdown affect hiring last month?The shutdown may have caused the unemployment rate to spike and hiring to slow. If so, economists expect those

DHAKA: The European Union’s Trade Commissioner Karel De Gucht will appear in a Belgian court on November 25 to face claims of 900,000 euros in unpaid taxes.Belgian dailies reported Friday, says The Straits Times.The former Belgian foreign minister, who is currently playing a key role in

DHAKA: Nissan said on Friday it would unveil a sporty concept electric vehicle at the Tokyo Motor Show as Japan’s number-two automaker presses on with its bid to tap the burgeoning green-car market.The company, which has been selling its Leaf electric vehicle since late 2010, said it

DHAKA: Shares in the micro-blogging site Twitter closed at $44.90, up more than 73% from their initial price of $26 each.That means after its first day as a public company, Twitter is now valued at a little over $31bn (£19bn).More than 13 million shares were traded once they became

DHAKA: Amidst on going talks to establish a Bangladesh-Sri Lanka Preferential Trade Agreement (PTA), a high profile 54-member Bangladeshi business delegation is scheduled to attend the Commonwealth Business Forum, to be held in Colombo, on the sidelines of the Commonwealth Heads of

DHAKA: The link-road of much-talked-about Padma Bridge will be built with Bashundhara Cement, country’s no-1 brand cement.Abdul Monem Limited will construct the link-road and Bashundhara Industrial Complex will work with them as a partner.In this regard, a deal was signed between

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The Dhaka Stock Exchange (DSE) general index rose over 88 points to stand at 4,200 at the close on the last trading day of the week.Trade deals stood at 125,841 with transaction at Tk 4,738

DHAKA: The government has finalized the decision in principle to establish Palli Sanchay Bank for the rural poor. The decision has taken in a meeting at Finance Ministry on Thursday with finance minister Abul Maal Abdul Muhith in the chair.The minister made the disclosure while talking to

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 46 points to stand at 4,158 at 10:50 am.Trade deals stood at 8,711 with transaction at Tk 306 million.Of the issues traded, 161

DHAKA: Twitter shares have been priced at $26 ahead of its debut on the New York Stock Exchange (NYSE) on Thursday.That is above the $23 to $25 range announced on Monday and values the short messaging service at more than $18bn (£11bn).That makes it the biggest market debut for a

DHAKA: Nobel Laureate Dr Muhammad Yunus has expressed deep concern as the government passed the Grameen Bank Bill 2013 to bring the bank under the supervision of the government.The founder of the Grameen Bank (GB) came up with the discontent in a statement on Wednesday.   In the

DHAKA: The Banglalink Grandmaster season-3 which was launched few months back has engaged enormous number of students around the around the country, with above 8000 registered students in a single competition to start something new through technological advancement—specifically, mobile

DHAKA: Barclays Bank of Britain finally closed their banking with private banks of Bangladesh. A reliable source confirmed the matter to banglanews. The bank straightly says no more banking activities with any Bangladeshi private banks. Sources said there is no problem of those banks in