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NBR to allow debit cards issued by any bank from Aug

The National Board of Revenue is going to allow the debit cards issued by any bank operating in the country in paying taxes online from the next month. ‘Taxpayers having bank accounts with the state-owned, commercial... Full story

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Import payment growth slows down to 11pc in 11 months

Import bill payment growth slowed down in July–May of the 2011–12 financial year to 10.93 per cent year-on-year compared with the 40.54 per cent growth in the same period of the 2010–11 financial year because of lower import of food grains, capital... Full story

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Treasury management needed amid liquidity crisis: ICCB seminar

Business leaders and bankers on Saturday said that bankers must learn more about the treasury management as the banks were currently going through a serious liquidity crisis that hit private sector. ‘Our banks are currently going through a... Full story

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Stocks down for 2nd week on Padma bridge funding, monetary policy worries

Worries surrounding the Padma bridge funding and possible tight monetary policy by the central bank continued to take toll on stocks last week, for the second week in a row. Despite gains in the last two sessions... Full story

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Govt to seek stakeholders’ opinion on 3G guideline

The draft guideline of Third Generation or ‘3G’ mobile services will be available on telecom ministry’s website this month for opinion as the government wants to complete its auction by this year, said officials. Full story

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Next monetary policy aims at taming inflation: Atiur

Bangladesh Bank governor Atiur Rahman said the next monetary policy would have a strategy of ensuring credit flow to productive sectors with an aim to tame up inflation through increasing the supply of essential commodities... Full story

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BEPZA posts 13.88pc growth in export

The industries in the country’s export processing zones achieved a 13.88-per cent growth in exports in the 2011-2012 financial year compared to that of the FY 2010-2011.The industries exported goods worth $4.21 billion... Full story

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Air India Boeing aircrafts grounded by bureaucracy

Three of Boeing’scutting-edge 787 Dreamliners painted in Air India colours are parked in South Carolina, waiting for the ailing state carrier to pay for them and take possession. The 787, which promises to help modernise... Full story

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Spain sets out spending cuts to chorus of protest

Spain created an emergency fund to protect regional governments from defaulting and warned that pensions will be overhauled as protesters rallied on Friday against deep spending cuts needed to dodge an international bailout. Full story

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MI Cement gets new rand manager

Md Golam Zilani Bhuiyan has recently joined as a brand manager of MI Cement Industry (Crown Cement). Earlier he worked as brand and communication manager in different leading corporate house in the... Full story

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Kingfisher cancels 41 flights on staff absence

Debt-crippled Kingfisher Airlines has cancelled 41 scheduled flights on Saturday, the firm said, after some staff did not report for work in response to the company failing to pay their salaries. Full story

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Bank earnings reverse 6-day fall in US stocks

US stocks cut off a six-day losing streak Friday, but sustaining the rebound and overcoming broader economic fears will require a solid run of second-quarter earnings reports over the coming week. Full story

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Southeast is Asia’s safe haven as China, India falter

Little more than a dozen years after the region’s crippling financial crisis, Southeast Asia is looking more a safe haven than a risky bet, with foreign investors souring on China and India and pouring money into markets proving resilient to the global gloom. Full story

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US consumers gloomier on jobs, finances

Consumer sentiment cooled again in early July to its lowest level in seven months as Americans took a dim view of their finances and job prospects, a survey released on Friday showed. Separately, producer prices rose only slightly last month as energy... Full story

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Eurozone in liquidity trap: economists

Statistics released by the European Central Bank indicated that the eurozone is in a liquidity trap, economists with a German bank said yesterday. After analysing the liquidity provided by the ECB to the banking... Full story

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