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New farm credit policy targets Tk 126 billion disbursement

ET Report

The Bangladesh Bank on Wednesday announced its farm loan policy with a target to disburse Tk 12,617.40 crore to the agriculture sector in the current financial year. Of the amount, state-owned specialised banks will disburse Tk 5,640 crore, public commer..more..

Murali retires with 800 Test wickets

ET Desk

World bowling record-holder Muttiah Muralitharan retired with 800 Test wickets on Thursday as Sri Lanka thumped India by 10 wickets in their first Test. The off-spinner had last man Pragyan Ojha caught at slip by Mahela Jayawardene to reach the landmark ..more..

SEC fines DSE, CSE for gaffes

ET Report

The capital market regulator has fined the country's twin bourses for trading gaffes, an official said. The Securities and Exchange Commission slapped Tk 1 lakh in fine on the Dhaka Stock Exchange for discrepancies in index calculation and for opening tr..more..

Volvo Trucks reports profits after restructuring

ET Report

Volvo Trucks, the second- biggest maker of heavy vehicles, reported unexpectedly strong quarterly profits today and stood by its forecast of recovery in US and European markets. In the three months through June, net profit was 3.15 billion kronor (333.4 ..more..

UMC to appeal fine on illegal investment

ET Report

Taiwanese chip giant United Microelectronics Corp (UMC) vowed today to appeal a court ruling that upheld a fine imposed on the company for making an unauthorised investment in China. UMC, currently the world's second biggest contract chip maker by revenu..more..