Wednesday Business News 1

Tourism takes root in Eid
Sayeda Akter
Guesthouses and hotels in tourist spots have almost been booked out due to pressure from local tourists seeking to spend long Eid holidays with their loved ones.

 
3 mobile operators get extra spectrum
Star Business Report
The telecom regulator yesterday allocated 17.5 MHz additional spectrum to three top mobile operators at a cost of Tk 80 crore per MHz. 

 
BB set to make bank services less costly
Rejaul Karim Byron And Sajjadur Rahman
Customers will be able to take balance confirmation certificates from banks for free twice a year, according to a decision of Bangladesh Bank (BB).

 
Finance adviser sees no effect of US recession on local economy
Supports power tariff hike move
Unb, Dhaka
Finance and Planning Adviser Dr Mirza Azizul Islam yesterday said the country's economy, having no major stress at present, is unlikely to be affected largely due to the near recession in the United States and elsewhere.

 
Govt moves to amend law to stop sales of toxic milk
Star Business Report
The government yesterday took a move to amend the breast milk substitute regulation of marketing ordinance to prevent sales of health hazardous contaminated milk in the local market.

 
Banking
Crisis slams European banks
Belgian-French bank Dexia is the latest in line after Fortis and Bradford & Bingley
Afp, New York
A 700-billion-dollar deal to save the US economy awaited approval Monday but the global crisis swept on regardless, hitting European banks, slamming stocks and freezing money markets.