Tuesday, 25 February, 2020
Private commercial banks (PCBs), including the foreign ones, are now playing leading role in disbursing agriculture credit as they have together disbursed Tk 8354.33 crore in the nine months (July-March)…
ADB to create trust fund
for high-end technology
The Asian Development Bank (ADB) will create a trust fund to promote the integration of high-level technology…
Biman to operate Boeing jumbo jet once a week
to Cox’s Bazar
The Biman Bangladesh Airlines will operate at least one Dhaka-Cox's Bazar flight with its wide-bodied…
Bangladesh to share bandwidth
with East Asian countries
A Singaporean Telecommunication Company is working to connect Bangladesh with Myanmar and few others…
Xiaomi
launches
Redmi4X
Smart phone brand Xiaomi launched the new flagship device Redmi 4X in Bangladesh. Sole distributor Solar…
RBI gets power to act against
defaulters
NEW DELHI: The government on Friday promulgated an ordinance empowering the Reserve Bank of India (RBI)…
Samad re-elected
Al-Arafah Islami
Bank chairman
Alhajj Abdus Samad (Labu) has been re-elected as the Chairman while Alhajj Mohammed Abdus Salam re-elected…
NEWS OF THE DAY
Ford Motor Co announced on its website on Friday that Ford and its joint ventures in China saw an 11…
US unemployment falls to 10-year low in April
WASHINGTON: Unemployment in the world's largest economy fell to the lowest rate in 10 years due…
Reserve Bank lifts Australia growth forecast
SYDNEY: Australia's central bank raised its growth forecast for the next financial year but tipped…
London finance centre to ‘stall’ on Brexit: Goldman boss
LONDON: Development of London's financial centre will "stall" owing to Brexit, but is…
Dollar falters before US jobs data
LONDON: The dollar fell to a six-month low against the euro Friday awaiting the release of key US jobs…
China, Japan,
S Korea to jointly combat financial instability
TOKYO: East Asia's three biggest economies vowed Friday to work together to help prevent market…
Indonesian economic growth picks up in first quarter
JAKARTA: Indonesian growth accelerated slightly in the first quarter on improving exports, official…
India passes new law to tackle
bad debt
NEW DELHI: India on Friday gave greater powers to the central bank to intervene in cases of bad loans,…
NEWS OF THE DAY
Oil prices rallied on Friday as investors bought the dip after previous day’s sharp declines.
Energy firms dive in Asia after oil collapse
HONG KONG: Oil prices extended the previous day's sharp losses on Friday, dragging energy firms…
Fed should start trimming balance
sheet in second half: Bullard
PALO ALTO: The Federal Reserve has interest rates right where they should be, but should start trimming…
UCB holds business
review meeting
United Commercial Bank Limited (UCB) organized an business review meeting with the managers of Dhaka…
Symphony mobile signs agreement with iSocial
The country’s number one smartphone mobile brand Symphony signed an agreement with the NGO iSocial.…
US trade panel affirms Argentina, Indonesia biodiesel probe
WASHINGTON: The US International Trade Commission voted on Friday to continue a US Commerce Department…
Paul Singer's Elliott Management
raises $5bn in 24 hrs
NEW YORK: Paul Singer's hedge fund firm Elliott Management Corp raised US$5 billion in about 24…
EU declares Brexit battle over euro
clearing
BRUSSELS: The EU fired a fresh salvo at Britain on Thursday, proposing fresh rules that would require…
Ukraine's foreign
exchange reserves
hit 3-year-high
KIEV: Ukraine's foreign exchange reserves reached 17.175 billion U.S. dollars at the start of this…
Berkshire profit
falls as investment
gains tumble
OMAHA: Berkshire Hathaway Inc , the conglomerate run by billionaire investor Warren Buffett, on Friday…
Apple jumps to
lead wearable
computing with
smartwatch
WASHINGTON: Apple has leapt to the lead in wearable computing on strong sales of its smartwatch, a market…
ADB for more investments in
infrastructure in Asia, Pacific
More investments in infrastructure are needed to support continued growth in Asia and the Pacific and…
Al-Arafah Bank
approves 20pc
cash dividend
Al-Arafah Islami Bank has approved 20 percent cash dividend for its shareholders the year ended on 31st…
BRAC Bank
launches ‘TARA’
BRAC Bank Limited has launched a comprehensive women’s banking solutions styled ‘TARA’.…
StanChart launches two mobile apps
Standard Chartered Bangladesh has recently announced the launch of two new smart phone apps, ‘SC…
NRB Bank opens
ATM booth
in Jhenidah
NRB Bank opened an ATM booth on Bangladesh Road and Transport Authority premises in Jhenidah recently.…
Taka up against major currencies
The local currency Taka soared against the UK pound, the euro and the US dollar in the inter-bank money…
Commodity at a glance
Prices of most essential commodities remained steady in the city’s kitchen markets on Saturday.…
CORPORATE CORNER
Kaler Kantho Editor Imdadul Haq Milon presides over a discussion on the national budget…