Dhaka, Bangladesh (BBN) – Highlights of Tuesday’s newspapers:
The Financial Express:
— The country’s macro-economic management might face a daunting challenge, with fiscal risks getting tougher to address, if the government issues sovereign bond to help mitigate its problems about balance of payment (BoP), a policy paper of the Ministry of Finance (MoF) has said.
— The Ministry of Finance (MoF) Monday formed a six-member committee to formulate a ‘special scheme’ for affected small stock investors. The committee has been given two-month time for the purpose.
— Credit flow to the industrial sector decreased slightly in the first quarter of the current fiscal year (FY) as the private commercial banks (PCBs) have squeezed lending for the same, officials said.
The Daily Star:
— At the fag end of the government’s third year in power, Prime Minister Sheikh Hasina yesterday expanded her cabinet by inducting into it two party stalwarts, Suranjit Sengupta and Obaidul Quader, as full ministers.
— Global economic troubles accompanied by some internal factors have forced spinners in Bangladesh to lower their production, which emerged as a threat to the growth of the sector.
— The Dhaka Stock Exchange has sought information from each listed firm on share holding by the company’s sponsors, directors and promoters.
The New Age:
— Frequent adjustment of the domestic price of furnace oil with its rising global price by the government has been hindering the implementation of its professed policy of facilitati ng and ensuring uniform development of the country through decentralised industrialisation.
— The cabinet on Monday approved two drat bills with provisions to levy tax on the remunerations of the speaker, deputy speaker, and members of parliament.
— Stocks prices at Dhaka Stock Exchange surged in late trading on Monday as some institutional investors actively participated following regulators’ instructions to halt massive fall.
BBN/SSR/AD-29Nov11-8:42 am (BST)