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Banks’ profit soars, on paper

Net profit in the banking sector soared 33.60 per cent year-on-year to Tk 2,424 crore in the first half of 2020 despite a collapse in business and a feeble recovery of loans due to the onslaught of the coronavirus pandemic.

Mutual fund units in demand on hopes of reforms

Investors rushed to mutual funds in the last few days on growing hopes that the new commission would take reform initiatives to protect the interest of the unitholders.

Premier Leasing’s classified loans surge 114pc

Listed non-banking financial institution (NBFI) Premier Leasing and Finance witnessed a staggering 114 per cent year-on-year increase in classified loans in 2019.

UK GDP collapsed nearly 20pc in second quarter in historic Covid-19 hit

Britain suffered a record collapse in economic output in the second quarter of 2020 when COVID-19 lockdown measures were in full force, though the decline was slightly smaller than first estimated.

Trade disputes could multiply without WTO reform: candidate

Trade disputes could extend beyond the current US-China conflict if the World Trade Organization is unable to transform, according to the South Korean vying to lead the Geneva-based body.

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