Standard Chartered Bank signed a Memorandum of Understanding (MoU) with Citycell (Pacific Bangladesh Telecom Limited) in Dhaka.

WASHINGTON: The International Monetary Fund on Friday welcomed decisions by European leaders to deepen financial sector integration in the euro zone, saying it they would “help break the feedback loop between banks and sovereigns.”

WASHINGTON: The World Bank announced yesterday that it committed 52.6 billion US dollars to help promote economic growth, overcome poverty, and bolster economic enterprise in developing countries during fiscal year 2012, which ends on June 30.

Islami Bank Bangladesh Limited awarded scholarship to 200 underprivileged students who who achieved grade point average 5 in secondary school certificate and equivalent examinations in 2011.

WASHINGTON: Afghanistan has made progress on structural reforms despite a difficult environment, the IMF said yesterday as it approved the release of $18.2 million in new funds under its loan program.

First Security Islami Bank Limited organised a foundation training course for its cash officers at the training centre of the bank recently.

Leading mobile phone operator Grameenphone in association with BRAC Bank Limited Saturday organised a workshop on ‘Capital Market: Awareness and role of media’ to foster knowledge base of the financial journalists reporting on capital market issues, financial statements and valuation models.

Bangladesh Bank governor Dr Atiur Rahman has stressed the need for sustained expansion of productive capacity in all economic sectors by entrepreneurs utilising investment resources efficiently and innovatively to continue broad-based job creation in developing economies.

Bangladesh Bank has decided to float a tender to procure one-taka and two-taka coins to meet demand as it fears the country would face coin crisis in the future, official said on Thursday.

Myanmar's central bank is poised to win independence to set monetary policy, its deputy governor said, in what would be a major economic reform by a government seeking to attract foreign investments.