Assignment on Financial Management Assignment Topic Financial Log

Submitted to Dr. Khashruzzaman Choudhury Submitted by Kafi Islam Id-0715024.

Independent University-Bangladesh (IUB)

Financial Log Date- 25th May, 2011

Developments/News/Commentary-

National-

Government, IDB sign $140m loan deal on Padma Bridge. ADB pledges to provide $3.715b in 4 yrs. Dhaka stocks gain after four days fall. SEC likely to raise capital of Bangladesh Fund. Digital Bangladesh round the corner. Oil import bill to soar to $6b next fiscal.

Regional-

Government reviewing interest rate hike. Sericulture has bright prospect of creating rural employment. ICB AMCL discloses NAV of mutual funds. International-

Blast at Iran oil refinery during Ahmadinejad visit. IMF projects UAE economy to grow 3.3pc in 2011. India to offer Africa $5b credit to nurture trade.

Additional Comments USAID supports move to conserve Sundarbans. DU needs more funds for education, research. Barua seeks UNDP help for HR development.

Financial Log Date- 26th May, 2011

Developments/News/Commentary-

National Investors take to streets again protesting fall in stock prices. SEC: Regulator or manager of stock markets. Country's export target for 2011-12 fiscal likely $25b. DSE seeks JS body intervention. HSBC launches first ever cross border RMB trade. BGMEA to open a university for RMG sector. Progati plans to assemble Volvo bus.

Regional Boro production overruns target in Rangpur. Comprehensive steps stressed to end domestic violence.

International Conflict, security and development: A review of World Development Report, 2011. Aviva to invest in mainland China. Japan suffers April trade deficit. Oil down in Asian trade. S Korea's exports to PIIGS plunge. US Food prices rise on higher wholesale costs.

Additional Comments JS body for keeping present provision of opening BO accounts unchanged. BRTA to introduce smart card against driving license to check fraudulence.

Financial Log Date- 27th May, 2011

Developments/News/Commentary-

National SEC vows coordinated moves, reforms to boost stock market. Quality of investments of financial institutions create concern Mishandling the stock market. Increase in subsidy. Stocks up, turnover hits 4-month low. Bangladesh Aquaculture Alliance gets govt. nod for functioning. Asian Tiger Capital Partners market update on DSE. JICA not happy with $1.7b Metro Rail implementation. New fare rate for BRTC buses effective today.

Regional Move to raise gas supply for Chittagong. Poultry businessmen yet to get compensation. Mobile Financial Services at Union Parishad. Govt in a fix over coal import with over 1pc sulphur content.

International G8 summit to discuss Arab world, Japans N-disaster. S Korean firm signs biggest-ever overseas deal with Iraq. DLF to raise up to Rs 70.0b from sale of non-core assets. Japan's Honda to boost India production. S Korea refiners face $442m fine over cartel.

Additional Comments Banks get more time to adjust single borrower exposure limit. Govt. set to raise interest rates of savings tools. Govt's bank borrowing rises by Tk 17.10b in current fiscal. Rich-poor gap widening.