Bangladesh's export and import can thrive on entrepreneurship and workforce skills the country has developed over the years, said Noel Quinn, a top official of the Hongkong and Shanghai Banking Corporation (HSBC).

The World Bank Group announced yesterday that it will boost efforts to expand energy access, while also increasing support for renewable energy and energy efficiency in developing countries. As part of its effort to support UN Secretary-General Ban Ki- moon’s Sustainable Energy for All initiative...

Though the government has drawn up a plan to set up 13 imported coal-fired power plants in seven locations with the total capacity of 7,800 MW by 2015, two leading funding agencies the World Bank and the Asian Development Bank (ADB) - are unlikely to support the plan. The reluctance of the two ma...

Lower trade deficit, restricted imports and higher foreign aid have underpinned an improvement in the country's balance of payments (BOP) situation at the end of April of the outgoing financial year. Bangladesh Bank (BB) data shows the BoP shortfall came down to $106 million in April this year, ...

SINGAPORE: Oil prices inched up in Asian trade today as wary traders bought up cheap crude to recoup some of their losses after the previous day’s plunge, analysts said.

The government is continuing power generation through rental power plants to help maximise profits of a section of people, despite having its huge negative consequence, speakers said yesterday.

The state-owned Janata Bank Limited opened its 881th branch at Katpotti Bazar in Narayanganj.SM Aminur Rahman, Managing Director and CEO of Janata Banlk Limited inaugurated the branch, said a press release Friday.

The planning ministry has identified severe inefficieniesy in implementation of annual development programme (ADP) by the Banking Division of the Finance Ministry in 2011-12 fiscal and asked the authorities concerned to accelerate the execution process as much as possible by the end of the outgoi...

WASHINGTON: The IMF yesterday said the euro area needs to move now to establish full banking union and that the European Central Bank should move on more demand-generating stimulus policies.

WASHINGTON: The health of 15 of the world’s largest financial institutions has been called into serious question after Moody’s downgraded their credit ratings, citing risk exposure and the eurozone crisis.