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The credit- or advance-deposit ratio in the banking sector declined to below 71 per cent in December as credit demand in the private sector continued to drop since the second half of the last fiscal year due to dull business situation in the country amid political... Full story
The prices of rice continued to increase in the capital’s retail markets over the week ending Friday due to a supply shortage with the end of harvesting season and a rise in transportation cost.
Soya bean oil price also rose as... Full story
A chronic gap between rich and poor is yawning wider, posing the biggest single risk to the world in 2014, even as economies in many countries start to recover, the World Economic Forum said on Thursday.
Its annual assessment of global... Full story
The Dhaka Stock Exchange will introduce Shariah index this week in a bid to give investors better views about the share price movement of the Shariah-based companies listed with the bourse.
DSE officials said US-based... Full story
Bangladesh Bureau of Statistics will conduct a rural credit survey across the country to undertake further development programmes and disburse agricultural credit timely and in an effective way.
With this in view, the BBS.... Full story
Stressing the need for removing trade barriers to boost Bangladesh’s export to India, commerce minister Tofail Ahmed has sought Indian cooperation in increasing imports from Bangladesh.
‘Bangladesh can export goods... Full story
Bangladesh and Myanmar at the just-concluded 7th Joint Trade Commission meeting have agreed to raise the two-way trade to $500 million from $100 million now.
The JTC meeting was held in Nay Pyi Taw, Myanmar... Full story
A much better year lies in store for most of the world’s major developed economies, although weak inflation will persist, complicating central banks’ ability to get interest rates back to normal, Reuters polls forecast on Thursday. Full story
British unemployment is falling faster than previously thought and will reach the Bank of England’s 7 per cent threshold for considering a rate hike well before the central bank envisages, a Reuters poll found.
The poll of 50 economists, taken this... Full story
China Mobile, the country’s biggest wireless provider, on Friday started selling Apple’s iPhone to millions of customers nationwide, ending a six-year wait in a crucial market for the US technology giant.
Apple is fighting for share in... Full story
Japan raised its assessment on the overall economy for the first time in four months, reflecting strong private consumption and improving capital expenditure, suggesting Tokyo’s aggressive stimulus is solidifying an economic recovery. Full story
Pakistan is planning to hold its long-delayed auction of 3G telecommunications licences by March, hoping to raise $2 billion with the sale, the government said Friday.
A statement said the decision was taken at... Full story
Macau gambling tycoon Lui Che-woo has replaced Hong Kong multi-billionaire Li Ka-shing as Asia’s richest man, according to Bloomberg on Friday.
Lui, the head of Macau casino operator Galaxy Entertainment, saw his... Full story
British finance minister George Osborne said he backed an above-inflation rise in the minimum wage to support the fragile economic recovery.
Conservative Osborne told the BBC on Thursday that ‘Britain can afford’ for the figure to... Full story
The dollar drifted lower in Asia on Friday as weak inflation figures and disappointing US corporate results dampened investor sentiment, while the euro was also under pressure on deflation fears.
The greenback bought 104.34 yen... Full story