‘Due diligence’ reduces Prime Bank’s NPL

Prime Bank Ltd managed to reduce non-performing loan (NPL) volume to 5.0 per cent in 2017 from around 9.0 per cent three years ago thanks to various measures.Under a new plan, the bank will strictly follow due diligence before disbursing loan and the borrowers will come under strict monitoring of...

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China tariffs on US business jets may do little to benefit rivals

SHANGHAI, Apr 16 (Reuters): China's planned tariffs on U.S. business jets may do little to buoy rivals despite concerns the moves could create an unequal playing field in the fast-growing China market, aviation executives said in Shanghai on Monday.China earlier this month announced retaliatory tariffs against key U.S. imports, among...

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News in Brief-(17-04-2018)

Raw sugar prices decline due to excess suppliesLONDON, Apr 16: Raw sugar futures fell on Monday, drifting towards last week's 2-1/2 year low due to excess supplies, while cocoa edged up. May raw sugar fell 0.06 cent, or 0.5 per cent, to 12.02 cents per lb by 1102 GMT. The...

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