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Govt allows egg, chick import to contain prices

The government has decided to allow unabated import of egg and day-old chicken in a bid to reign in the soaring prices on the local market. The commerce ministry in an order on Sunday said that importers need not take permission from the ministry to import... Full story

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Import payment rises slightly in Aug

Growth in the country’s import bill payment rose slightly in August, 2012 mainly due to higher import of petroleum, rice, sugar, pulses and chemical products, according to latest Bangladesh Bank (BB) data. Full story

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Income tax fair draws huge crowd

The third weeklong income tax fair began in 11 districts and seven divisional headquarters across the country on Sunday to provide income tax-related services and information to people and inspire them to pay taxes. The prime minister’s public administration affairs adviser, HT... Full story

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DSE turnover tops Tk 1,100cr

Dhaka stocks surged on Sunday as the investors went on a buying spree when the turnover crossed Tk 1,100 crore mark after five months. DGEN, the benchmark general index of the... Full story

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GP submits roadmap to BTRC, Banglalink seeks 1 month for 10-sec pulse

Grameenphone (GP) submitted a ‘roadmap’ to the Bangladesh Telecommunication Regulatory Commission (BTRC) on Sunday for implementation of its directive on 10-second pulse and flat call rate after failing to meet the BTRC deadline. Full story

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Barkat, Toufic re-elected BEA president, GS

Abul Barkat and Toufic Ahmad Choudhury have been re-elected as the president and general secretary of the Bangladesh Economic Association for the next two years. The election for the executive... Full story

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Market Disclosures

Rupali Insurance The Credit Rating Information and Services Limited has announced the CPA (claim paying ability) rating of the company as ‘AA’ in consideration of financials of the company up to December 31, 2011 (audited) and... Full story

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JPMorgan faces money laundering probe

JPMorgan Chase & Co's compliance with US anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest US bank the latest target of a wide investigation... Full story

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Commodity prices soar as Fed launches QE3

Commodities surged this week, with many striking multi-month peaks after the Federal Reserve embarked upon new stimulus plans to boost the US economy, a major consumer of raw materials. Full story

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Stiff test ahead for India reform drive

The Indian government faces protests, strike threats and internal dissent this week in what promises to be a test of its reform credentials and its bid to regain momentum. Full story

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Mass anti-austerity rallies in Spain, Portugal

Mass protests in Spain and Portugal, against ever tougher austerity measures, have ramped up the pressure on Iberian governments struggling to avoid international bailouts. Full story

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Airlines grapple with food v biofuel debate

Airlines battling to cut costs and pollution may not find a quick fix in biofuels, as concerns grow that using feedstocks to create an alternative to kerosene will push food prices higher. Full story

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Dhaka Bank brings special Hajj package

Dhaka Bank on Sunday launched special Hajj package for the intending Hajj passengers. Under the package, Dhaka Bank will issue travellers cheque and Hajj card, said a news release. Full story

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IBBL launches three-month special programme

Islami Bank on Sunday launched a three-month special programme titled ‘Home country abroad, three months of cordial services.’ IBBL acting chairman Mustafa Anwar inaugurated the programme at Islami Bank Tower in the capital, said a news release. Full story

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StanChart provides $60m forex financing to Agrani Bank

Standard Chartered Bank has recently signed an agreement with Agrani Bank for extending $60 million foreign currency facility from London to support its trade finance activities. This is the first ever structured foreign currency facility extended to a... Full story

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