Business

Banks asked to introduce SME loan application forms in Bangla

Bangladesh Bank has asked banks and non-banks financial institutions to introduce loan application forms in Bangla for the borrowers of small and medium enterprises…

September 28, 2016 · 0 comments · Business

Rhetoric against globalisation, Brexit slowing global trade growth: WTO

The World Trade Organization Tuesday downshifted its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis…

September 28, 2016 · 0 comments · Business

Disney considering bid for Twitter

The Walt Disney Company is evaluating a potential bid for Twitter, Bloomberg reported on Monday, citing people familiar with the matter…

September 28, 2016 · 0 comments · Business

Google launches service to take internet to India malls, cafes

Google, a unit of Alphabet Inc, said on Tuesday it launched Google Station in India, a service that aims to deepen its reach across the country, as the search giant seeks to bring more people on to its Google platform…

September 28, 2016 · 0 comments · Business

Dhaka stocks decline amid profit booking

Dhaka stocks returned to negative on Tuesday with decline in share prices of almost two-third traded scrips mainly due to investor’ profit booking share selling…

September 28, 2016 · 0 comments · Business

High stakes for India’s $84b airwave auction after Vodafone play

Vodafone’s $7.2 billion cash injection into its Indian business has turned up the heat just days ahead of an $84 billion airwave auction which could decide who wins and loses in one of the world’s fastest-growing telecoms markets…

September 28, 2016 · 0 comments · Business

Asia growth holds stable thanks to China and India: ADB

The Asian Development Bank said Tuesday that growth across the region was holding stable despite global headwinds, with resilience in China and India keeping it on track…

September 28, 2016 · 0 comments · Business

Sonargaon Hotel holds 3-day Bengali food fest

The Pan Pacific Sonargaon Hotel is holding a 3-day Bengali Food Festival starting from Monday, marking the World Tourism Day, said a news release…

September 28, 2016 · 0 comments · Business

Samsung recovers over 60pc of recalled Note 7s in S Korea, US

Samsung Electronics Co said on Tuesday it has got back more than 60 per cent of recalled Galaxy Note 7 smartphones sold in South Korea and the United States, suggesting it is making progress in its attempts to recover from the crisis, reports Reuters…

September 28, 2016 · 0 comments · Business

Oil dips as Algiers meeting looms

Oil prices edged down in Asia Tuesday amid continued speculation about whether producers will agree to restrict output at talks in Algeria this week, analysts said…

September 28, 2016 · 0 comments · Business

Riskier currencies jump

The yen dropped and higher-risk currencies surged Tuesday as markets appeared to give Hillary Clinton the edge over Donald Trump in the first US presidential debate…

September 28, 2016 · 0 comments · Business

MARKET DISCLOSURES

Trading of the shares of the company will be allowed only in the spot market and block transactions will also be settled as per spot settlement cycle from 28.09.2016 to 29.09.2016. Trading of the shares of the company will remain suspended on record date i.e., 02.10.2016 for EGM for amalgamation purpose…

September 28, 2016 · 0 comments · Business
Twitter could take many forms

Twitter could take many forms

With speculation mounting that Twitter Inc will soon have a new corporate owner, the 10-year-old social networking service – which has long struggled to define its core purpose -may end up heading in one of several distinctly different directions depending on who ends up paying for it…

September 27, 2016 · 0 comments · Business
A file photo shows branches of Bangladesh Krishi Bank and BASIC Bank in a building in Dhaka. Burdened with huge amounts of defaulted loans, nine scheduled banks faced capital shortfalls of Tk 16,657 crore as of June 30 this year. — New Age photo

9 banks face Tk 16,657cr in capital shortfall

Burdened with huge amounts of defaulted loans, nine scheduled banks faced capital shortfalls of Tk 16,657 crore as of June 30 this year.
The nine banks are Bangladesh Krishi Bank, Sonali Bank, BASIC Bank, Janata Bank, Agrani Bank, Rupali Bank, Rajshahi Krishi Unnayan Bank, Bangladesh Commerce Bank, and ICB Islamic Bank…

September 27, 2016 · 0 comments · Business

Govt should not recapitalise SOBs: confce

A leading economist on Monday said that the government should not allow recapitalisation of the state-run banks as the defaulted loans in the banks continued rising, while the World Bank chief economist observed that the classified loans had become cancer for the country’s banking sector…

September 27, 2016 · 0 comments · Business
SWIFT says bank hacks intensifying

SWIFT says bank hacks intensifying

SWIFT, the system banks use to send payment instructions worth trillions of dollars each day, was hacked at least three times over the summer and cyber attacks on banks are set to intensify, the cooperative said on Monday…

September 27, 2016 · 0 comments · Business

BTRC yet to fine operators for pre-activated biometric SIMs

The telecom regulator is yet to impose fine on the mobile phone companies for sales of pre-activated biometric SIM cards although the government high-ups earlier announced that they would penalise the operators by August…

September 27, 2016 · 0 comments · Business

NBR plans VAT fairs as tax expos fare well

The National Board of Revenue is planning to introduce a value-added tax fair following the success in getting overwhelming response from the week-long income tax fair in the country, officials said…

September 27, 2016 · 0 comments · Business

Ex-IMF boss Rato on trial over bankers’ luxury sprees

Former IMF chief Rodrigo Rato went on trial Monday accused of overseeing a ‘corrupt system’ that helped him and other executives misuse funds when he was the boss of two of Spain’s top banks…

September 27, 2016 · 0 comments · Business

RMG unit to get up to Tk 35cr from JICA fund

A factory owner of the country’s ready-made garment sector will get up to Tk 35 crore in loans from a Tk 276-crore JICA fund to retrofit, rebuild and relocate his or her industry…

September 27, 2016 · 0 comments · Business

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