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Businesses not getting benefits due to non-tariff barriers: FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry on Thursday said that Bangladeshi exporters could not get the benefit of duty-free access to India because of continued para-tariff and non-tariff barriers. Full story

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Budget should have no scope for govt bank borrowing, say businesses

Businesses on Thursday urged the finance minister to keep in the next budget a provision that the government would not take loans from local banks. ‘When the government takes loans from local banks, it creates... Full story

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APUB wants no tax, VAT on pvt univs

The Association of Private Universities of Bangladesh on Thursday proposed the National Board of Revenue withdraw 9 per cent value-added tax imposed on houses rented by private universities and... Full story

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Political worries continue to take toll on Dhaka stocks

Dhaka stocks continued to fall on Thursday for three days in a row as fear of prolonged political instability intensified among the investors. DGEN, the benchmark general index of Dhaka Stock Exchange, lost... Full story

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No rights issue until shareholding requirement fulfilled, SEC tells Tallu, ISNL

The Securities and Exchange Commission on Thursday said that the Tallu Spinning Mills and Information Service Network Ltd would not be allowed to proceed further to issue rights shares until directors of the... Full story

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Moody’s confirms China Aa3 rating, outlook positive

China’s sovereign rating outlook remains positive, supported by favourable medium-term growth prospects and strong government debt dynamics, Moody’s Investors Service said in a report on Thursday. Full story

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HSBC to cut 3,167 jobs in Britain

HSBC on Thursday said it would cut 3,167 jobs as part of previously announced plans to reduce the bank’s global workforce by 30,000 over two years to 2013. Full story

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Egypt minister sees tourism peaking again

Egypt’s tourism minister Munir Fakhry Abdel Nur Thursday expressed confidence in the nation’s tourism sector, saying it is peaking to the levels of 2010 before the fall of Hosni Mubarak. Full story

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Market Disclosures

Exim Bank Anjan Kumar Saha, one of the sponsors/directors of the company, has expressed his intention to buy 35,25,900 shares in addition to his current Full story

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Oil down in Asian trade

Oil prices fell in Asia Thursday as a larger than expected rise in US crude inventories eroded New York gains sparked by Fed forecasts of a pick-up in growth, analysts said. Full story

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China unveils $10b credit for Europe

Chinese premier Wen Jiabao announced Thursday a $10 billion special credit line for central and eastern Europe to support cooperation projects mainly in the ex-communist region’s infrastructure sector. Full story

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EU chief, Monti caution on calls for growth

EU president Herman Van Rompuy said Thursday that there was no simple answer to getting the eurozone back to growth, with the prospect of more stimulus spending unrealistic. Full story

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Asia’s promise lures French from eurozone woes

Whether it’s for business, study or an exotic retirement, the French are flocking to Asia like never before, drawn by economic opportunities that contrast with debt-ridden Europe. Full story

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Samsung chairman tops South Korea’s rich list

Samsung Electronics chairman Lee Kun-Hee, currently embroiled in an inheritance dispute with his siblings, remains South Korea’s richest man, according to a Forbes magazine ranking published Thursday. Full story

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