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Classified loans to fall soon: Atiur

Banks’ nonperforming loans will soon come down to a tolerable level due to relaxed policies, said Bangladesh Bank Governor Atiur Rahman. On average, the banking sector’s NPL rose to 12.79 percent of the total loans at the end of September 2013, but the figures of December last year would be at a tolerable level, he said. dr. atiurThe governor was speaking at a conference of general managers of the central bank at its office in the capital on Sunday, reports the Daily Star. In Sep...

Huawei ranks 3rd in global smartphone shipments

Huawei, a leading global information and communications technology (ICT) solutions provider, was ranked third in global smartphone shipments in 2013, according to the leading market research and analysts firms International Data Corporation (IDC), Strategy Analyticsand Canalys. According to IDC’s Worldwide Quarterly Mobile Phone Tracker, Huawei retained its number three position worldwide in 2013, with the highest year-on-year increase among the leading vendors at 67.5 percent. Huawei captured 4.9 percent market share in 2013with smartphone shipments of 48.8 million units, up from 4 percent in 2012.

Robi facebook page ranks 6th internationally

The Robi social media page has been recognized as 6th among the top 10 Socially Devoted Worldwide Brands for Q4, 2013, by acclaimed social network reporting company Social Bakers. robi-1 According to Social Bakers, Robi Axiata Limited’s Facebook fan page (www.facebook.com/RobiFanz) was recognized in 6th position amongst the top 10 Socially Devoted Worldwide Brands and placed 4th among all Telecom Worldwide Brands on Facebook in Q4, 2013. CEO and Co-founder of Social Bakers, Jan Rezab personally congratulated Robi through a video message an...

US-Bangla Airlines to use Bombardier Q400s

Dhaka-based US-Bangla Airlines has acquired two second-hand Bombardier Q400s turboprop aircraft, which it operate on domestic routes from late March or April 2014.

USB-A4“The Q400 aircraft was selected by US-Bangla Airlines as the best aircraft to provide reliable, comfortable and affordable air transportation to passengers,” said Mohammed Abdullah Al Mamun, managing director of US-Bangla Airlines. “We will work to open new markets and create greater connectivity in ou...

Exports rise 7.8pc on garment sales in Jan

The country’s exports rose 7.8 percent in January from a year earlier to $2.75 billion, boosted by clothing sales, the Export Promotion Bureau said on Sunday, despite months of election-related violence that disrupted transport and prompted global retailers to curb orders. Bangladesh's $22 billion garment industry had seen orders cut nearly in half in the three months to December as political unrest in the months leading up to a Jan. 5 election hit the country, according to the Bangladesh Garment Manufacturers & Exporters Association. export-import

Trade deficit shrinks

Bangladesh’s trade deficit during the first six months of the 2013-2014 fiscal contracted by 58.29 percent to about $1.53 billion year-on-year, the central bank data showed Sunday. remmitanceThe Bangladesh Bank data showed the country’s import payment was $16.044 billion, down 0.11 percent, during the July-December period of the current fiscal (July 2013-June 2014) while earnings from exports stood at $14.511 billion, up 17.15 percent, during the same period, reported Xinhua. The data showed that ...
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