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15 banks agree to coordinate SME loan in 1 district each

Fifteen commercial banks so far have agreed to coordinate financing to small and medium enterprises in one district each to help spur the growth of the sector, Bangladesh Bank officials said last week. Full story

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US embassy eases visa processing for AmCham members

The US embassy in Dhaka on Tuesday launched business visa programme to reduce the visa processing time for the members of the American Chamber of Commerce in Bangladesh. Full story

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Dhaka stocks cross 5,500-point mark

Dhaka stocks gained on Tuesday with the general index crossing 5,500-point mark after five month as the investors returned to a buying spree after price correction in the day before. Full story

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Call for more subsidy to agriculture sector

Speakers at a pre-budget discussion on Tuesday urged the government to increase budgetary allocation for subsidy in agriculture sector and ensure that it would be provided to the real farmers. Full story

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ICC’s Latifur Rahman wins Business for Peace Award

International Chamber of Commerce vice-president Latifur Rahman has won Business for Peace Award 2012. The Business for Peace Foundation and the International Chamber... Full story

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SEC fines directors of seven companies

The Securities and Exchange Commission on Tuesday fined directors of seven companies for failing to submit the audited financial statement in time. The decision was made at the 429th meeting of the commission... Full story

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Market Disclosures

Global Insurance Monoj Kumar Roy, one of the sponsors of the company, has expressed his intention to buy 67,000 shares in addition to his current holding... Full story

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Oil mixed as concerns over supply disruption ease

Oil prices were mixed in Asian trade Tuesday as investors weighed easing concerns over a supply disruption in the Middle East and signs of growing US consumer demand. Full story

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Japan’s Toshiba to pay $850m for IBM retail unit

Japanese electronics giant Toshiba said Tuesday it would pay about $850.0 million for IBM’s retail products unit, with the US firm saying it would create the world’s leading point-of-sale company. Full story

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Euro lower on concerns over Spanish debt

The euro edged lower in Asian trade on Tuesday amid growing concerns over Spain’s sovereign debt outlook ahead of bond auctions by Madrid, dealers said. The euro bought $1.3112 and 105.43 yen in Tokyo... Full story

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China FDI signals overseas uptick, policy seen steady

China bagged foreign direct investment at a record-setting pace in the first three months of 2012, but an easing in its monthly momentum and a difficult trade outlook will keep monetary policy... Full story

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Eurozone March inflation revised up to 2.7 per cent

Inflation in the 17 countries that use the euro was higher than predicted in March, largely because of higher energy and transport costs, official figures showed Tuesday. Full story

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Obama seeks to confront oil market manipulation

Under pressure to take action on rising gasoline prices, president Barack Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and... Full story

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Gungchil steps into 11 years

Gungchil stepped into its 11 years of operation on Pahela Baishakh of the Bangla year 1419 (April 14, 2012). The firm, working since Pahela Baishakh, 1409 for national and international... Full story

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Japan pledges $60b to IMF for Europe firewall

Japan said Tuesday it would pledge $60.0 billion to the International Monetary Fund, saying it was a critical part of the organisation’s bid to boost a global firewall against Europe’s debt crisis. Full story

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