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Import, export fees hiked by up to 275pc

The government has increased registration and renewal fees for import and export ranging from 76 per cent to 275 per cent in its new import policy. The increased fees were made effective in the new Import Policy Order-2012-2015 through issuing statutory... Full story

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Cut in spectrum block allocation, relax payment mode likely

The posts and telecommunications ministry is likely to finalise the 3G licence guideline by the next week, slashing the spectrum allocation to 5 MHz per block and relaxing the payment condition for licence winners. Full story

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BSEC eases m-banks’ provisioning against unrealised losses

The Bangladesh Securities and Exchange Commission on Tuesday allowed merchant banks to keep 20 per cent provision for unrealised losses against their own portfolio investments in 2012. Full story

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Muhith for correcting share market operations

Finance minister Abul Maal Abdul Muhith on Tuesday said the way the country’s stock exchanges operated was polluted and it should be corrected. He made the remark at a dividend handing-over ceremony of the state-owned Investment Corporation... Full story

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BB rules for Bangladeshi citizens, cos eased

Bangladesh Bank has eased the rules for Bangladeshi citizens and companies keen to act as employees or agents of foreign companies. The BB on Monday issued a circular to managing directors and chief executive... Full story

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Stocks rise for sixth day on top businesses’ move, new indices

Dhaka stocks on Tuesday advanced for the sixth straight session with an increased turnover following the formulation of a coordination committee by top businesses to stabilise the capital market. Full story

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Reopen labour market to Bangladeshis

Prime minister Sheikh Hasina on Tuesday urged the United Arab Emirates to reopen its labour market to the Bangladeshi workforce as the amnesty period is going to be over on February 4. Full story

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World tourist numbers exceed 1b in 2012: UN

International tourist arrivals exceeded one billion for the first time last year, with the Asia-Pacific region posting the biggest increase in foreign visitors, and numbers will rise further in 2013, a UN body said on Tuesday. The number of international... Full story

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Japan approves $1.02t budget, borrowing at new highs

Japan’s government approved on Tuesday a $1.02 trillion draft budget for the next fiscal year that aims to nudge tax revenues above new bond sales for the first time in four years, but still relies on borrowing to cover 46.3 per cent of its... Full story

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Wine making takes root in Myanmar

Myanmar may be best known for its decades of junta rule, but behind the bamboo curtain maverick entrepreneurs have toiled for years to put the nation on the map for the quality of its wine. Vines cascade down terraces overlooking the vast mirror of... Full story

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Google pledges fight over govt access to users’ e-mail

Google will lobby Washington in 2013 to make it harder for law enforcement authorities to gain access to emails and other digital messages. In a blog post on Monday, linked to Data Privacy Day, Google’s chief legal office... Full story

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Jamuna Bank gets new MD

Shafiqul Alam has recently joined Jamuna Bank as managing director. Prior to his joining, Shafiqul served United Commercial Bank as additional managing director, said a news release. Shafiqul started his banking career as management trainee... Full story

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India’s central bank in first rate cut since April

India’s central bank cut interest rates for the first time in nine months Tuesday and lowered the amount of cash banks must keep in reserve as it looks to boost investment and kickstart the flagging economy. Full story

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Yahoo sees revenue climb, but long road ahead

Yahoo Inc forecast a modest uptick in revenue for the current year as it revamps its family of websites but Chief Executive Marissa Mayer warned it would be a long journey to revive the Internet company’s fortunes, reports Reuters. Full story

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Dollar mixed ahead of Fed policy meeting

The dollar was mixed in Asian trade on Tuesday ahead of a US Federal Reserve policy meeting and on the back of weak home sales data, while the yen halted its steep slide. The dollar weakened to 90.73 yen in Tokyo, against... Full story

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Oil up in Asian trade on US data, unrest

Oil prices were up in Asian trade Tuesday, on upbeat US durable goods data and concerns over unrest in Egypt and Algeria, analysts said. New York’s main contract, light sweet crude for delivery in March gained 33 cents... Full story

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MARKET DISCLOSURES

The company will be placed in 'A' category from existing 'N' category with effect from January 30, 2013 as the company reported disbursement of 15 per cent cash dividend and 5 per cent stock dividend for... Full story

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