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Govt borrowed Tk 2,691cr from banks in 10 days before Eid

The government borrowed around Tk 2,691 crore from the banking system in 10 days before the Eid-ul-Fitr vacation mostly to pay salaries and allowances for its staff, said Bangladesh Bank officials. In the first 32 days of the current financial year till August 2, the government... Full story

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Govt starts process to frame foreign aid policy

The government has taken an initiative to frame a foreign aid policy to ensure an effective aid use for benefit maximisation and to outline an exit plan on aid dependency, Economic Resources Division officials said. Full story

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Nine banks disburse no agri loan in July

Nine commercial banks did not disburse any farm loan in July, the first month of the current financial year, according to Bangladesh Bank data released on Sunday. BB data, however, showed that agriculture loan disbursement by all banks increased by 34.53 per cent... Full story

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Dhaka stocks surge after Eid vacation

Dhaka stocks surged on Sunday with the turnover hitting a four-month high as both retail and institutional investors went on a buying spree hoping that the market would remain stable for a while. Full story

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Sri Lanka stock market roiled by scandal

Sri Lanka’s stock market, once a darling of investors, has seen its value plummet 26 per cent in the past year and now faces a crisis of confidence after its regulator quit in a storm of controversy. Full story

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BGMEA eyes bigger market in Brazil

The export of readymade garment is expected to get a boost to Brazil as the Latin American country is emerging as a prospective market for Bangladeshi apparels, a senior BGMEA official has said. Full story

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Islamic finance shrugs off global banking worries

Despite negative spill-over effects from the Eurozone debt crises and various scandals at Western banks, the Islamic finance industry celebrates a comeback. According to Kuwait Finance House, the Gulf... Full story

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Portugal risks seeking breathing space as budget misses loom

Dwindling tax revenues brought on by record joblessness and deep recession will force Portugal to seek breathing space, much like Greece has, on commitments to EU-IMF creditors, analysts say. Full story

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BHP upbeat despite commodity weakness

Mining giant BHP Billiton said Sunday it aimed to increase production and hike spending despite a 35 per cent slump in yearly profit, citing 'attractive opportunities' despite cooling in key market China. Full story

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Market Disclosures

Premier Bank Ferdous Amin, one of the sponsors of the company, has expressed her intention to buy 10,00,000 shares of the company at prevailing market price through the stock exchange within next 30 working days. Full story

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Tokyo investors seen on sidelines this week

Investors in the Japanese market are likely to limit trade this week ahead of US Federal Reserve chief Ben Bernanke’s speech and other possible market leads. In the week to August 24, the benchmark Nikkei at the... Full story

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Trade to limit harm of East Asia island spats

China, Japan and South Korea are loath to let tensions over sea claims damage their sputtering economies, analysts say, but the emotional disputes could still slow long-term trade integration efforts. Full story

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Apple CEO says chose legal action ‘reluctantly’

Apple Inc decided to take its patent infringement battle to the courts only after ‘repeatedly’ asking close component partner and arch-rival Samsung Electronics to stop mimicking the company’s... Full story

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Recession sure, but eurozone analysts see green shoots too

Is the eurozone locked into a prolonged recession set to run right through 2013? Or do the latest economic data actually indicate that the crisis-hit currency area is turning a corner? Full story

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Apple win boosts Microsoft as Asian vendors scramble

Apple Inc’s decisive triumph over Samsung Electronics in the most closely watched patent trial in years could open the door for Microsoft Corp to finally hop on board the mobile boom as manufacturers of Android-based... Full story

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