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10 agencies demand Tk 3,384cr more a month before FY ends

The implementing agencies of 10 development projects on Wednesday demanded Tk 3,384 crore more in additional allocations in the revised annual development programme just over a month before the current fiscal year ends. Full story

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IRD asks banks to increase NSC sales

The Internal Resources Division on Wednesday asked the commercial banks to increase the sales of national saving certificates so that the net investment reaches at least Tk 3,500 crore by the end... Full story

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Mobile subscribers reach 9 crore

The number of mobile phone subscribers in the country reached the 9 crore-mark in April. Latest data of Bangladesh Telecommunication Regulatory Commission showed that the total number of active subscribers of six mobile phone operators reached... Full story

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Stocks plunge amid silence of regulators

Dhaka stocks continued to plunge on Wednesday amid fresh street protest as market regulators’ silence intensified confusion among investors after the High Court’s verdict favoring the mandatory shareholding rule. Full story

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DSE asks for shareholding status of co directors

The Dhaka Stock Exchange on Wednesday sent a letter to all listed companies for submitting their directors’ shareholding status as of May 21 to the bourse within this month. Full story

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Facebook, banks sued over controversial IPO

Facebook and its underwriters came under broad legal attack Wednesday as lawyers and investors filed lawsuits over Facebook’s controversy-marred initial public offering. Full story

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Malaysian economy grows 4.7pc in Q1

Malaysia’s economic growth slowed to 4.7 per cent in the first quarter, the government said Wednesday, due to weakening exports sparked by a stuttering global economy and debt woes in Europe. Full story

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Market Disclosures

Uttara Bank The company has informed that it has credited the bonus shares for the year 2011 to the respective shareholders' BO accounts on May 23, 2012. Full story

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Asian shares, euro slip on eurozone fears

Asian markets reversed the previous day’s gains and the euro sank back towards four-month lows Wednesday after Greece’s former premier warned there was a chance his country will exit the eurozone. Full story

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Oil dips on hopes of easing Iran tensions

Oil prices edged lower in Asian trade Wednesday, amid hopes of easing tensions between major producer Iran and the West, but eurozone debt woes continued to cast a shadow over the market. Full story

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China must act to prevent hard landing: WB

China’s economic growth will ease further this year, presenting policy makers in Beijing with the challenge of preventing an excessively abrupt slowdown, the World Bank said in a report Wednesday. Full story

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Regulators, investors turn up heat over Facebook IPO

Two top US financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan... Full story

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India raises petrol prices

Indian Oil Corp will raise petrol prices by 6.28 rupees per litre from today, a company statement said on Wednesday, an attempt to compensate losses incurred by the state-run company to sell the... Full story

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India’s rupee sinks to new low despite ‘intervention’

India’s rupee sank to an all-time low against the dollar for the sixth straight day Wednesday, breaching 56 for the first time despite likely intervention by the central bank. Full story

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