The Daily Star: Internet Edition Mon. August 04, 2003

Volume 4 Number 70

Mon. August 04, 2003

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Business

Automated secondary T-bill market on cards
Banks directed to complete interfacing with CDBL by Aug 21
The government is going to launch an automated treasury bill market with the facilities of online real-time trading.

Hefty rate cut in savings certificates likely by Dec
A move is underway to cut one-third of the interest rates on government savings certificates by December this year, aiming to create a ground for commercial banks to lower interest rates on term loans.

Turn rly into corporation
World Bank suggests
The creation of a corporate entity with legal right for Bangladesh Railway (BR) is the first essential step to bring about structural changes required for making the sector viable.

Dollar strong against taka in thin forex trade
The US dollar remained strong against the Bangladesh taka in thin inter-bank trade yesterday which was depressed by holiday in the international markets, dealers said.

The dollar traded at 58.4750-58.

Hurdles hold back entry of goods into Indian market
MCCI study reveals non-tariff, para-tariff barriers
Export of Bangladeshi food items to Indian market is being hampered due to a mandatory provision of taking health clearance certificate, the Metropolitan Chamber of Commerce and Industry (MCCI) said in

India imposes non-tariff barrier on battery plates
After slapping anti-dumping duty on Bangladeshi lead acid battery early this year, India is now imposing new non-tariff barrier on the battery plate.

CCCI delegation off to Thailand for trade talks
An eight-member Chittagong Chamber of Commerce and Industry (CCCI) delegation left here for Thailand Sunday to attend a high profile international seminar on small and medium scale industrial enterprises

Rising unemployment in S'pore bodes ill for foreign workers
Rising unemployment as wealthy Singapore stumbles into hard times has rekindled a debate on the presence of about 800,000 foreigners, most of them workers, in the tiny city-state.