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Defaulter Root Group to get fresh loans from Janata

In a baffling move, the central bank is set to allow precarious Janata Bank to reschedule default loans amounting to Tk 1,049 crore of little-known Root Group that ranks 49 out of the top 300 defaulters in the country.

Summit to raise Tk 100cr through Mudaraba bond

Summit Communication plans to raise Tk 100 crore from the local market by issuing a Shariah-based non-convertible Mudaraba bond to expand its fibre optic cable network up to the remotest part of the country.

Who’s tracking you? Facebook users to get more control over data

Facebook Inc said on Tuesday it was tweaking its policies to allow users to see and control the data that the social network gathers from their browsing habits on other websites and apps.

Gold subdued as investors await FOMC minutes

Gold prices eased on Wednesday to hover around the $1,500 level as investors turned cautious ahead of minutes from the US Federal Reserve’s last meeting, which is expected to shed more light on interest rate cuts.

Grameenphone gets new CFO

Grameenphone has appointed Jens Becker as its new chief financial officer (CFO), effective from August 15.

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