Dhaka, Bangladesh (BBN) – Highlights of Tuesday’s newspapers:
The Financial Express:
— The securities regulator is contemplating changes in the minimum share-holding limit for sponsor-directors of listed companies to meet, what it considered, the need to help reduce aggressive sale pressures in the market.
— The US labour department has employed an international organisation to carry out a survey on the presence of child labour in the apparel sector of Bangladesh, officials said Monday.
— The inter-bank call money rate hit 15 per cent Monday, as the banks saw withdrawal of substantial amount of cash ahead of the Eid-ul-Azha festival, treasury officials said.
The Daily Star:
— The people of Narayanganj have largely rejected the candidates with criminal records in the just concluded city polls, giving mayor-elect Selina Hayat Ivy a relatively clean team to run the corporation.
— Prime Minister Sheikh Hasina yesterday said she is very happy with Selina Hayat Ivy’s victory in the Narayanganj City Corporation mayoral poll in which her party-backed candidate Shamim Osman suffered a humiliating defeat.
— State banks’ credit disbursement outpaced their deposit in nine months, according to data from Bangladesh Bank. Credit growth of the state-owned commercial banks was 14.12 percent, while deposit grew by 9.44 percent compared to December 31 last year, the data showed
The New Age:
— The lower judiciary enters the fifth year of its independence today with a staggering two million cases pending with the courts, causing enormous sufferings to justice seekers.
Cases continue to pile up although the rate of disposal of cases has increased after the judiciary became independent of the executive with the implementation of the 12-point directive of the Supreme Court giving effect to the amendments to the Code of Criminal Procedure on November 1, 2007.
— The commerce ministry on Monday gave four-point directives that included mandatory display of price list at shops of wholesalers and retailers in a bid to rein in soaring prices of essential commodities just before Eid-ul-Azha.
— Dhaka stocks extended its losses on Monday with a significant drop in turnover, while aggrieved investors staged street protest at the relentless erosion of share prices for the past 10 months with only a few, short accidental breaks in the process heading at slide of inconsequential gains.
BBN/SSR/AD-01Nov11-10:32 am (BST)