Five banks borrow Tk 52.50b in 2 days

Five Islami Shari'ah-based banks borrowed nearly Tk 52.50 billion from the Islami Banks Liquidity Facility (IBLF) in two days after the Bangladesh Bank (BB) opened the liquidity window for such banks.The five banks are Islami Bank Bangladesh, Social Islami Bank, First Security Islami Bank, Global Islami Bank, and Union Bank,...

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'Review of PPP policies can help improve investment scenario'

As the country lags behind an average yearly investment need for US$10 billion, stakeholders necessitate the review of screening, selection, implementation and financing modality of the projects under public-private partnership (PPP).Speakers at a PPP event in the capital on Thursday said the review of related PPP policies and laws, cross...

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Gold gains as dollar weakens ahead of cenbank meetings

Gold prices edged higher on Friday due to a weaker dollar, while investors held back making large bets ahead of US inflation data and a slew of central bank meetings with key focus on the Federal Reserve, reports Reuters. Spot gold was up 0.2 per cent at $1,793.20 per ounce,...

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AirAsia to launch new branch in Cambodia to spur growth

KUALA LUMPUR, Dec 9 (AFP): AirAsia parent company Capital A plans to start a new branch of the low-cost airline in Cambodia, its chief executive said Friday, as the firm jump starts expansion plans thwarted by the pandemic.The latest move to reorganise the Malaysia-based firm's network comes after setbacks in...

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Oil set for 10pc weekly drop as demand worries dominate

Oil prices were stable on Friday but both benchmarks were headed for a weekly loss on worries over weak economic outlooks in China, Europe and the United States weighing on oil demand, reports Reuters. Brent crude futures were at $76.16 a barrel, up 1 cent, at 0919 GMT. Brent hit...

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