Bangladesh is going to formulate a strategy to receive more non-concessional or commercial loans from external sources to meet the growing demand for funds. This is being done as there has been a decline in government to government (G to G) soft loans. Besides, the Economic Relations Division cannot…

Customers were mostly unhappy over the services of private banks while specialised public banks satisfied their clients most, according to a report of Bangladesh Bank (BB) released yesterday, reports BSS. “The central bank resolved all the complaints lodged with the BB against different banks”,…

The key share price indices at the country’s twin bourses—Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - gained yesterday, the second trading day of the week, reports UNB. The DSE key index, DSEX slightly gained 0.23 points or 0.01 per cent to close at 4580.99 on the day.…

Exploration of tremendous available prospects for setting up industries through private sector joint investments can expand business, trade and commerce to accelerate economic progress and people's development in sub-Himalayan region, reports BSS from Shiliguri. High officials, business leaders,…

AFP, MUMBAI: India’s economy grew by 7.4 per cent in the second quarter, official figures showed yesterday, outperforming China and slightly ahead of analysts’ expectations. Growth in the three months to the end of September quickened to 7.4 per cent year-on year from 7 per cent in the previous…

A workshop on “Strengthening Capacity and Knowledge on Environmental and Social Risk and Opportunity Management” took place in the capital recently, says a press release. A total of one hundred and fifty bankers from investment, credit, legal and compliance divisions participated in the…

AFP, TOKYO: Japan’s factory output expanded again in October, data showed yesterday, boosted by production of memory chips and electronic devices, in a rare bright spot for the recession-hit economy. Economists were generally upbeat on the 1.4 per cent expansion in activity—the second consecutive…

Brigadier General Moin Uddin has been promoted to Major General and at the same time has been reappointed as the chairman of Bangladesh Rural Electrification…

David Howes, deputy head of Group Financial Crime Compliance of Standard Chartered Bank, is in Dhaka for a short visit, says a press release. During his…

AFP, STOCKHOLM: Sweden’s economy posted strong third quarter growth on robust household consumption and rising investment, while neighbouring Denmark saw its economy contract for the first time since 2013, official data showed yesterday. Sweden’s gross domestic product grew by 0.8 per cent…

The International Monetary Fund (IMF) is expected to announce on Monday that China’s currency, the yuan, will join the fund’s group of international…

AFP, SINGAPORE: Oil prices traded below $42 in Asia yesterday ahead of an OPEC meeting and the release of data on China’s important manufacturing sector later in the week. The market will be watching whether members of the Organization of the Petroleum Exporting Countries, which meets on December…

AFP, MOSCOW: Russian truckers indignant at a new tax have caused huge tailbacks across the country, as they block roads in a rare mass protest rattling the authorities under President Vladimir Putin. Long lines of lorries halted traffic on highways in some 20 regions to demonstrate against the levies…

BlackBerry Ltd will delay shutting down its operations in Pakistan until Dec 30 as negotiations continue over government demands for access to users’ private data, the company and the telecoms authority said yesterday, reports the Dawn from Islamabad. Pakistan Telecommunication Authority (PTA)…

AFP, RIYADH: The Saudi developer behind plans for the world's tallest building said Sunday it had secured financing to complete the record-breaking project. Kingdom Holding Co, chaired by billionaire Saudi Prince Alwaleed bin Talal, said its affiliate Jeddah Economic Company had reached a more than…

AFP, SEOUL: South Korea yesterday ratified a free trade agreement (FTA) with China that would remove most tariffs between Asia’s largest and fourth-largest economies. The pact, signed in June, was passed by parliament with a 196-33 majority—although it still needs China’s ratification…