Govt to miss NSC sales target by a long way

The net collection from the National Saving Certificates sales in the first 11 months of the current fiscal year stood at Tk 577.34 crore, or 9.62 per cent of the target of the Tk 6,000 crore for the year. Full story

Apparel assocs oppose BB’s new instructions on loan rescheduling

BGMEA president Shafiul Islam Mohiuddin speaks at a news conference in Dhaka on Wednesday. BTMA president Jahangir Alamin and BKMEA president AKM Selim Osman are also seen. — New Age photo

Business leaders from apparel and textile sectors on Wednesday demanded suspension of the new rules of the Bangladesh Bank on loan classification, rescheduling and provisioning, saying the new provisions of the rules might create instability in the sectors. Full story

Stocks soar as SEC clears confusion over directors’ shareholding

Dhaka stocks continued to rise for the second day on Wednesday when investors became optimistic as the market regulators cleared the confusion over time extension for listed company... Full story

300 taxpayers pay tax online in 1st month

Some 300 taxpayers have paid income tax and VAT online in the first month since the National Board of Revenue introduced the new e-payment system on an experimental basis. Full story

BB advises banks to establish banking ties with Turkey

Bangladesh Bank on Tuesday advised commercial banks to establish banking relations with banks in Turkey to facilitate business and investment between the two countries. Full story

Holcim Award winner earns Pritzker Prize

Internationally acclaimed architect Wang Shu, a former Holcim Awards prize winner, has recently been named Pritzker Prize Laureate for 2012. The Pritzker Prize is often referred to as the ‘Nobel Prize for... Full story

Market Disclosures

Standard Insurance Limited The company has informed that it has credited the bonus shares for the year 2011 to the respective shareholders' BO accounts. Full story

Euro mixed in Asia

The euro was mixed in Asian afternoon trade on Wednesday, clawing back morning losses that were largely driven by low expectations for a European Union summit this week. Full story

Asian markets gain after Wall St lead

Asian markets rose Wednesday thanks to a positive lead from Wall Street, but gains were capped by lingering doubts about an upcoming European Union summit aimed at tackling the eurozone debt crisis Full story

Oil prices mixed in Asia ahead of EU summit

Crude prices were mixed in Asian trade Wednesday as investors grappled with the escalating debt crisis in the eurozone ahead of a key European Union summit. Full story

Europe’s leaders at odds before key summit

European leaders sound unusually divided before a high-stakes summit, with Germany’s Angela Merkel saying total debt liability would not be shared in her lifetime and giving little support to Italian and Spanish pleas for... Full story

S&P says US faces 20pc risk of double dip

The United States faces 20 per cent odds of a return to recession, rating agency Standard & Poor’s said on Tuesday, although it said a slow recovery remained the company’s baseline forecast for the world’s biggest economy. Full story

Spain recession deepens in Q2

Spain’s recession is deepening in the second quarter as the economy takes a battering from the financial markets, the nation’s central bank said Wednesday. Full story

StanChart eyes 10pc profit growth

Asia-focused bank Standard Chartered still expects full-year profit growth of 10 per cent after slowing below that rate in the first half as the eurozone crisis hit wealth management income and Asian currencies weakened. Full story