Bangladesh Bank (BB) is considering to exempt Probashi Kallyan Bank (PKB) from maintaining the Statutory Liquidity Ratio (SLR) as the central bank recently sought opinion from the government in this regard, officials said. The central bank approved conversion of the state-run specialised bank, that started commercial operation recently, into a...
Read moreA 105-megawatt (MW) power plant of Orion Power Rupsha Ltd. (OPRL), a sister concern of the Orion Group, has started supplying electricity to the national grid recently.With the completion of this project, Orion Group's overall electricity generation capacity now stands at 407 MW.The furnace oil-fired power plant went into commercial...
Read moreCHATTOGRAM, Oct 21: The Western Marine Shipyard (WMS) Ltd. has secured the second work order for building a tugboat for a company based in the United Arab Emirates.The 67-metre long tugboat will be operating in the Arabian Sea.Ahmed Al Marzuki of Al Rashid Shipping Ltd. and Managing Director of the...
Read moreA seminar, titled 'Innovation for Growth and Development in the Developing Countries' was organised for the students of GMBA Programme of Hitotsubashi University and Hosei University, two renowned universities of Japan, recently, says a statement.Managing Director and Chief Executive Officer (CEO) of Standard Bank Limited Mamun-Ur-Rashid presented keynote paper at...
Read moreAfter securing the top place in local market of electronic products, Walton, a leading vertically-integrated manufacturer of the country, eyes to strengthen its position in international market.To achieve the target, the Bangladeshi brand is exporting its electronic products to more than 20 countries across Asia, Middle-East and Africa, reports UNB.However,...
Read moreGovt privatises 81 SoEs so farA total of 81 state-owned enterprises (SoEs) in the country have so far been privatised after the formation of the Privatisation Commission. Agriculture Minister Matia Chowdhury, who is in-charge of the Prime Minister Office in Parliament, made the disclosure in Parliament on Sunday, replying to...
Read moreManaging Director & CEO of Midland Bank Limited Ahsan-uz Zaman inaugurating the bank's Paragram branch at Kailail Union of Nababgonj in Dhaka recently while senior executives of the bank, businessmen and local elite were present
Read moreSenior executives exchanging documents of an agreement signed recently between Guardian Life Insurance Limited and AFC Health Limited in the capital for delivering life and health insurance services. Director & Chief Executive of AFC Health Nazeem A. Choudhury and Managing Director & CEO of Guardian Life M M Monirul Alam...
Read moreZURICH, Oct 21 (Reuters): Food group Nestle confirmed it wants to grow sales by around 3.0 per cent this year after it reported improved trading in North America and infant nutrition had pushed up underlying sales in the third quarter.Packaged food companies are struggling to adjust to consumers' growing appetite...
Read moreMOSCOW, Oct 21 (Reuters): A Russian delegation will take part in the Future Investment Initiative business forum this week in Saudi Arabia, where it will meet Saudi officials and present Russian art, the Russian Direct Investment Fund.A string of Western executives who had been due to attend the summit have...
Read moreNEW YORK, Oct 21 (Reuters): Bank of England Governor Mark Carney said he thought the US Federal Reserve was raising interest rates for good reasons, based on the strength of the US economy."They're on the path they're on for fundamentally good, positive reasons," Carney said as he answered questions following...
Read moreBENGALURU/NEW DELHI Oct 21 (Reuters): HDFC Bank Ltd. has reported record profit for the three months ending Sept 30 broadly in line with expectations, helped by higher interest and fee income.Net profit rose to Rs 50.05 billion (US $682.16 million) for the quarter ended Sept 30, from Rs 41.51 billion...
Read moreChairman of Pragati Insurance Ltd Syed M Altaf Hussain presiding over the 271st meeting of the board of directors of the company at its head office at Kawran Bazar in the city on Sunday. Former Chairman of the company Mohammed A Awwal, directors Md Syedur Rahman Mintoo, Engr Md Mushfiqur...
Read moreISLAMABAD, Oct 21 (AFP): Pakistan's finance minister promised on Sunday to end the country's reliance on International Monetary Fund (IMF) bailouts to shore up its shaky economy, as officials prepare to negotiate a new loan.Asad Umar's pledge comes days after Pakistan's central bank warned inflation could double in the coming...
Read moreHONG KONG, Oct 21 (Reuters): Swiss bank UBS Group AG. (UBSG.S) has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials, a person familiar with the...
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