Faruq A. Choudhury, former Foreign Secretary and Ambassador has been re-elected chairman of the Board of Directors of Delta Brac Housing Finance Corporation Ltd. (DBH) at its 59th meeting of the Board of Directors of DBH held recently.

Trading at the at the Sonali Banks' stock brokerage house suffered a setback for 40 minutes due to a technical glitch. Investors at the brokerage house complained that trading came to a halt around noon when the brokerage house lost connection with its main server.

The president of the European Central Bank, Jean-Claude Trichet, Friday said bank stress tests were "useful" and would be organised regularly in the European Union. "Stress tests are useful and will be made on a regular basis," he told a news conference after attending a Madrid conference on coop...

Rapport Bangladesh Limited organised a day-long workshop on leadership for banking and financial institutions in Chittagong recently. Dr M Mosharraf Hossain, Chairman and Managing Director of Rapport Bangladesh Limited conducted the workshop, said a press release.

Finance Minister AMA Muhith has warned banks not to invest "call-money" borrowings in the stock market and blamed bureaucratic inertia for the failure by the government to offload shares of more than two dozen state companies. Speaking a day after the steepest decline in Dhaka Stock Exchange's hi...

AB Bank Limited opened its 78th branch at "Munshi Tower" (1st Floor), Madhabpur, Habiganj, Sylhet on Thursday. Deputy Commissioner of Habiganj, Mr. Mahmud Hasan graced the occasion as Chief Guest and officially inaugurated the new branch. Additional Managing Director of AB Bank, Mr. Majedur Rahma...

Despite tight monetary policy, the annual rate of inflation (12-month annual average CPI) increased to 8.12 percent at the end of September, according to Bangladesh Bank (BB) monthly economic update for November. The average inflation was 5.15 percent at the end of September last year, the report...

The Norwegian Agency for Development Cooperation (NORAD) submitted its report on Wednesday on Norwegian support to Grameen Bank in Bangladesh in 1980s and 1990s. Minister of the Environment and International Development Erik Solheim requested Norad to prepare the report after the Norwegian televi...

The average inflation rate during the first quarter (July-Sept) of the current fiscal stands at 7.5 percent, Finance Minister AMA Muhith said in Parliament on Wednesday. Placing a report in the House on the macroeconomic trend of the country in the first quarter of the current fiscal, he said tha...

Bangladesh Bank (BB) governor Dr Atiur Rahman has suggested the National Board of Revenue (NBR) to make rational the rules and regulations for CSR (Corporate Social Responsibility) to provide corporate houses more scope for social involvement. The governor's suggestion came following the argumen...