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Three NRB banks may get nod under political pressure

The board of Bangladesh Bank is expected to approve setting up of three banks by Non-Resident Bangladeshis (NRBs) at its next meeting amid pressure from the government. Full story

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Civil aviation ministry at bottom of tally

The ministry of civil aviation and tourism bottomed the tally with one per cent implementation of annual development programme in the first six months of the current fiscal year while the overall ADP implementation was 34 per cent. Full story

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Consultation process for finalising PPP policy gets underway

The consultation process to finalise the detailed policies and procedures under which the public private partnership (PPP) projects would be implemented got underway on Thursday involving 21 focal point ministries. Full story

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Dhaka stocks end higher in choppy trading

Dhaka stocks on Thursday crawled up at a tenacious albeit snail’s pace carving a path winding through a wilderness of erratic trade that had reigned over the day as investors turned into bundles of nerves by rumours, uncertainties, speculations, anxieties... Full story

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New bank licences by April: minister

The government will issue licences for new private commercial banks by April, finance minister Abul Maal Abdul Muhith said on Thursday. ‘The new banks will have to start their operations within six months after getting licences,” he told reporters... Full story

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NBR pre-budget meeting with trade bodies from April 1

National Board of Revenue will start consultation with sector-wise trade bodies and business leaders during April 1-21 at its conference room to formulate the national budget for the fiscal year 2012-13. ‘We expect that the trade bodies... Full story

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Yen continues to fall against major currencies in Asia

The yen extended its fall against major currencies in Asian trade Thursday, as an improving outlook for the US economy and receding concerns over the European financial crisis boosted risk appetite. Full story

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Oil mixed

Oil prices were mixed in Asian trade Thursday, as investors weighed concerns over a supply disruption in the Middle East and a surge in US crude stockpiles, analysts said. Full story

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Market Disclosures

Dhaka Bank Abdullah Al Ahsan, one of the sponsors/directors of the company, has expressed his intention to buy 4,16,000 shares in addition to his current holding of 68,62,387 shares of the company at prevailing... Full story

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US jobless claims back at four-year low

The number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing in the Northeast held up in March, providing more signs the economy was firmly on a self-sustaining growth path. Full story

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India rate move disappoints business

India’s central bank kept interest rates on hold Thursday, disappointing business leaders who had pressed for a cut they say is essential to spur the country’s slowing economy. Full story

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China was top investor in Germany last year

China was the top foreign investor in Germany in 2011, ahead of the United States, Switzerland and France, the government development agency Germany Trade & Invest said on Thursday. Full story

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Tesco UK operations boss quits

Britain’s biggest retailer Tesco said Thursday that the head of its domestic operations has quit after just one year in the job, following poor Christmas results and a profits warning. Full story

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Prime Bank launches new internet banking software

Prime Bank on Thursday launched a new internet banking software, Altitude. The bank organised a press conference on the launching of the product in a city hotel. Full story

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