Dhaka, Mar 30 (UNB) - United Commercial Bank Limited (UCB) has signed an agreement with InterContinental Dhaka at the premises of the bank recently.
Under the agreement, UCB Platinum Credit Cardholders now can enjoy Buy One & Get One Free buffet breakfast, lunch and dinner at its “Elements Restaurant” of InterContinental Dhaka.
Mr. Md. Abdullah Al Mamoon, Deputy Managing Director & Chief Operating Officer of United Commercial Bank Limited & Mr. James P. McDonald, General Manager of InterContinental Dhaka have signed the agreement on behalf of their respective organizations, at a ceremony held at the bank premises.
Singapore, Mar 29 (AP/UNB) — Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing.
The Shanghai Composite index added 0.6 percent to 28,944.33 and Hong Kong's Hang Seng jumped 1.7 percent to 3,044.63. South Korea's Kospi gained 0.3 percent to 2,134.28.
Japan's benchmark Nikkei 225 rose 1 percent to 21,232.93. The country's retail sales fell slightly in February from a month earlier, preliminary data showed. But industrial production rose 1.4 percent, as compared to January's 3.4 percent decline. The unemployment rate beat market expectations, falling to 2.3 percent in February from 2.5 percent in the previous month.
Australia's S&P/ASX 200 was up 0.2 percent at 6,189.80. Shares rose in Taiwan and Singapore but fell in Indonesia.
U.S. negotiators, led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, attended a working dinner Thursday night with Chinese Vice Premier Liu He, who is expected to travel to Washington next week.
The three of them posed for a photo at a government guesthouse before negotiations resumed on Friday but did not talk to reporters.
"Investor eyes will be glued to news feeds looking for any more details - rumored or true - emerging from the talks. This could cause some abrupt intra-day volatility across the markets," Jingyi Pan of IG said in a market commentary.
News about the talks was read as largely positive by the markets. At a speech in Washington on Thursday, White House economic adviser Larry Kudlow said the U.S. administration was prepared to continue trade negotiations with China for weeks or even months. This was taken as a sign of commitment to reaching a deal.
On Wall Street, traders shrugged off a discouraging announcement by the Commerce Department. It said U.S. economic growth had slowed sharply in the last three months of 2018 to an annual rate of just 2.2 percent, due to weakness in consumer spending, business investment, government spending and housing.
Most indexes finished higher, as bond yields rose and financial, technology and industrial stocks climbed. The broad S&P 500 index was 0.4 percent higher at 2,815.44. The Dow Jones Industrial Average also gained 0.4 percent to 25,717.46. The Nasdaq composite rose 0.3 percent to 7,669.17 and the Russell 2000 index of smaller company stocks picked up 0.8 percent to 1,535.10.
Energy: Benchmark U.S. crude added 35 cents to $59.65 per barrel in electronic trading on the New York Mercantile Exchange. It lost 11 cents to settle at $59.30 per barrel on Thursday. Brent crude, used to price international oils, edged up 37 cents to $67.47 per barrel. The contract shed 14 cents to $67.10 per barrel in London.
Currencies: The dollar strengthened to 110.78 yen from 110.63 yen. The euro rose to $1.1228 from $1.1221.
Dhaka, Mar 28 (UNB)- Islami Bank Bangladesh Limited (IBBL) on Thursday arranged a discussion programme and Doa mahfil marking its 36th founding anniversary at Islami Bank Tower in the city.
The programme was presided by Md Mahbub ul Alam, Managing Director and CEO of the Bank where Professor Md Nazmul Hassan, PhD, Chairman of the bank was chief guest.
Professor Md Nazmul Hassan, PhD said that “Islami Bank was founded on March 30 in 1983. With significant contribution in the country's economy, Islami Bank has been providing highest tax and VAT to the government.”
Md Mahbub-ul-Alam said “Bangladesh is now in the line of developing countries and Islami Bank is operating its business maintain with the speed of development policy of the country. Islami Bank is involved in inclusive banking through import and export trade, remittance collection and investment in garment sector, housing, SMEs, agricultural and agro-based industries and rural development projects.”
He also thanked all the shareholders, clients, sponsors, well-wishers and regulatory agencies including government and Bangladesh Bank for their persistent support to the bank.
Abu Reza Md Yeahia, Deputy Managing Director addressed welcome speech while Md Shamsuzzaman, Additional Managing Director, Mohammad Ali, JQM Habibullah, FCS, Taher Ahmed Chowdhury, Muhammad Qaiser Ali and Hasne Alam, Deputy Managing Directors, top executives and officials of the Bank attended the programme.
Dhaka, Mar 28 (UNB)- Good Luck, stationery brand of RFL Group, on Thursday launched app for young generation to highlight the history of the country.
Scanning any alphabet through the Good Luck App, mobile phone users will be able to read articles and hear audio-visuals related to history especially from language movement and War of Independence in 1971.
The app has been inaugurated through a program held at Fuzi Trade Center in the capital’s Badda area.
Addressing the occasion, ASM Hasan Nasir, Executive Director of RFL Stationery Limited said, “Our stationary brand Good luck is engaged to manufacture and market the numerous educational materials. As part of social responsibility, we have taken initiative to highlight our glorious history and culture through the app.”
Fahim Hossain, Head of Marketing of Goodluck Stationery, said “Mobile users need to download the Good Luck App from google play store or apple store to get our nation’s history. After scanning any alphabet some related word will be displayed and he or she will get their information on history.“
Zeaul Haque, Assistant General Manager (Public Relations), Azim Hossain, Head of Digital Media of PRAN-RFL Group and Ahsanuzzaman Khan, Brand Manager of Goodluck Stationery were present at the program among others.
Tokyo, Mar 28 (AP/UNB) — Asian shares were mostly lower on Thursday following a decline on Wall Street, as investors awaited a resumption of trade talks between the U.S. and China.
Japan's Nikkei 225 lost 1.6 percent to 21,033.76 and the Shanghai Composite index sank 0.9 percent to 2,994.94. Australia's S&P/ASX 200 added nearly 0.7 percent at 6,176.10. South Korea's Kospi fell 0.8 percent to 2,128.10, while Hong Kong's Hang Seng gained 0.2 percent to 28,788.73. Shares were mixed in Southeast Asia and fell in Taiwan.
Technology and health care companies drove a broad slide in U.S. stocks Wednesday, erasing some of the market's solid gains from a day earlier. The sell-off put the Dow Jones Industrial Average on track to end the month with a loss and marked the second drop for the benchmark S&P 500 index this week.
The yield on the benchmark 10-year Treasury note fell to 2.36 percent, raising some fears about a possible recession within the coming year.
The S&P 500 dropped 0.5 percent to 2,805.37. The Dow slid 0.1 percent, to 25,625.59. The Nasdaq composite lost 0.6 percent to 7,643.38. The Russell 2000 index of smaller company stocks gave up 0.4 percent to 1,522.23.
The Trump administration and Chinese officials are about to hold their eighth round of trade talks in Beijing with several tough issues unresolved, including a timetable for lifting tariffs and a way to enforce any agreement.
Many analysts say they expect some limited agreement to be reached in the coming weeks or months. Yet it's unclear how far any accord would go.
ENERGY: Benchmark U.S. crude fell 25 cents to $59.16 a barrel. It fell 0.9 percent to settle at $59.41 a barrel Wednesday. Brent crude, used to price international oils, gave up 22 cents to $67.02 a barrel.
CURRENCIES: The dollar slipped to 110.04 yen from 110.51 yen. The euro rose to $1.1258 from $1.1244.