BB asks SCBs to strengthen internal risk management
Uptrend in foreign loan disbursement in last two months
International lenders and development partners disbursed $305.94 million in loans and grants in the first two months of the fiscal year 2012-13, up by $189.19 million or 162 per cent from the figures of the same... Full storyFBCCI urges govt to extend time till Oct 31
The Federation of Bangladesh Chambers of Commerce and Industry on Monday urged the government to extend the deadline for submission of income tax returns to October 31 from September 30. Full storyBangladesh lags behind in internet use
RN Spinning directors, MD summoned to SEC hearing
The Securities and Exchange Commission has asked directors, managing director and company secretary of RN Spinning Mills to appear for a hearing in October for their involvement in irregularities in rights... Full storyBTRC serves show-cause notice on Teletalk for flat tariff launch failure
The telecom regulator on Monday asked mobile operator Teletalk to show-cause within three days why it failed to introduce flat call rate by September 15 deadline. The Bangladesh Telecommunication Regulatory... Full storyONE Bank launches internet banking
Bailout, but no reform, for indebted Indian power distributors
India is set to offer a bailout to its cash-strapped power distributors that would help restructure more than $35 billion in debt but do little to reform a sector whose dysfunction has exacerbated the country’s growth-sapping... Full storyAustralia warns of commodity headwinds to surplus
Australia reported a slight narrowing of its deficit to Aus$43.7 billion (US$45.4 billion) Monday but warned that plunging commodities prices were hitting plans to return to surplus next year. Full storyVietnam inflation starts rising again
Vietnam’s inflation accelerated for the first time in 12 months in September, up 6.48 per cent on a year earlier, amid fears of a return to rocketing prices as the country grapples with multiple economic woes. Full storyAsia stocks slip
Asian markets mostly fell Monday as the recent rally fuelled by central banks’ stimulus plans petered out, while there were fears over Greece’s ability to meet requirements to get more bailout cash. Full storyEuro falls against dollar, yen in Asian trade
The euro fell against the dollar and yen in Asia on Monday as risk appetite was dampened by uncertainty over the progress on Greek budget cuts to qualify for a new tranche of rescue cash, dealers said. Full storyOil prices down
Oil prices eased in Asian trade Monday, weighed down by a fall in regional equities and on lingering concerns over the eurozone debt crisis, analysts said. New York’s benchmark contract, West Texas Intermediate... Full storyMarket Disclosures
Legacy Footwear Shahnaz Sultana, one of the sponsors/directors of the company, has expressed her intention to sell 16,000 shares out of her total holding of 12,77,091 shares of the company at prevailing market price... Full storyMyanmar leader stalls investment law
Myanmar’s president has delayed an eagerly awaited foreign investment bill, an official said Monday, asking for amendments to the law that aims to open up the long-isolated nation to overseas trade. Full storyChina billionaires take hit as property sector slumps
Recession warnings as German business confidence dips
Germany is heading for recession, economists warned on Monday as the eurozone crisis pushed down business confidence in the country, Europe’s top economy, to the lowest level since February 2010. Full storyiPhone 5 sales top five million in first weekend: Apple
Apple said Monday sales of its new iPhone 5 topped five million in the launch weekend, a figure which disappointed analysts and pressured the company’s share price. ‘Demand for iPhone 5 has been incredible... Full storyGrameenphone, Well Group sign deal over mCentrex solutions
AB Bank organises workshop on green banking
