The loan agreement for specialised Rapid bus service project for smooth movement of the commuters from northern city outskirts would be inked in May.

Finance Minister Abul Maal Abdul Muhith said the government will issue licenses for new private commercial banks by April.

Railways Minister Suranjit Sengupta yesterday sought more financial assistance from Asian Development Bank (ADB) for construction of railways from Dohajari to Gundum near Myanmar boarder via Cox’s bazar.

Bangladesh Bank Governor Atiur Rahman has recently been awarded with the prestigious Indira Gandhi Gold Plaque 2011 by the Asiatic Society, Kolkata, in recognition of his significant contribution to international co-operation towards human progress.

Most of the directors of Bangladesh Bank are worried over the plan of floating too many new banks as the central bank is under pressure from the government to give nod to around 12 newcomers.

Freelancers and IT exporters will now receive their payments from foreign buyers without any hassle, as AlertPay yesterday made foray into Bangladesh by launching online payment service in partnership with Bank Asia Ltd.

The National Board of Revenue (NBR) Wednesday launched Alternative Dispute Resolution (ADR) for its income tax and VAT offices in the city to help both taxpayers and taxmen resolve disputes fast.

Prime Bank Ltd is set to launch a new internet banking software, Altitude today (Thursday) embarking on a local version of the product saving as much as a whopping 90 per cent cost.

Bank Asia, a leading private sector commercial bank, will launch online payment gateway and mobile banking service styled “Alertpay and Express Cash” today (Thursday).

The International Finance Corporation (IFC) in collaboration with SME and Special Programme Department (SME&SPD) of Bangladesh Bank (BB) will train officials of the country’s four state-owned commercial banks and two specialised banks for capacity building on SME market segmentation database.