The membership of the Asian Infrastructure Investment Bank (AIIB) is set to expand further, with France, Germany and Italy reported to have all agreed to join the China-proposed institution, reports Xinhua from Beijing. The decision of the three European countries, which was revealed by British newspaper The Financial Times and yet to be officially announced, came in the wake of Britain’s application last week to be a founding member of the 50-billion-U.S.-dollar bank. Meanwhile, Australian leaders have been lining up in the past few days to voice support for joi...

The Bangladesh Bank (BB) has significantly expanded its CSR (Corporate Social Responsibility) activities by pledging financial support to 30 projects, reports BSS. The figure is more than double the projects the central bank funded last year. The central bank on Thursday finalised a memorandum of understanding (MoU) with 27 organisations and handed over cheques for the first installment of the fund. Similar deals would be done soon with three more organisations for the remaining three projects. The 30 projects cover the areas including financial inclusion,...

As a forensic audit report holds 61 officials responsible for the loss of Rs18.5 billion in Bangladesh operations of National Bank of Pakistan, a parliamentary panel has referred the scam to the National Accountability Bureau to catch the culprits and recover the money. The decision to involve the country’s top-most accountability body was taken by the National Assembly Standing Committee on Finance and Revenue, headed by Omar Ayub Khan of the PML-N. The committee took the decision as the number of officials accused of causing the loss grew from ...