Volume 4 Number 95 Fri. August 29, 2003    
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Dhaka may decide Saarc multilateral tax treaty soon

Bangladesh may soon finalise its position on a multilateral tax treaty proposed to be signed among the Saarc member countries, sources said.

Guideline for bank directors from depositors drawn up

The government committee on default loans has set a policy guideline for appointing two directors in the board of every scheduled bank from depositors.

SEC may go for mandatory credit rating for IPOs

The Securities and Exchange Commission (SEC) is now considering introduction of mandatory credit rating for companies seeking funds from the market.

Electro-mechanical engineering thrives on cell phone growth

The rapidly growing mobile phone industry in Bangladesh has opened up a new avenue for electro-mechanical engineering sector as microwave towers are now being built locally, reducing the import cost

Dhaka, Jakarta to sign counter trade agreement this year

Bangladesh and Indonesia are going to sign a counter trade agreement (CTA) this year to initiate bilateral trade under a new arrangement.

IMF curtails global growth forecast, sees risks ahead

The International Monetary Fund is set to cut its global growth forecast, warning there are still significant risks to a budding economic recovery, but leave its US outlook unchanged.

Strategic link between S'pore,Thailand gets stronger

Cars loaded with high-tech components made in Singapore could soon be rolling off Thailand's bustling assembly lines, thanks to accords signed here yesterday by the countries' government and business

WTO set for deal on cheap drugs as US budges

WTO countries looked set Thursday to clinch a deal here to solve a longstanding problem over access to cheap drugs for poor countries to fight diseases such as AIDS and malaria after the US dropped

Politics to shape Asian portfolio investment flows

Politics will be helping to shape portfolio investment allocations within Asia over the next 12 months, as governments from India to Indonesia prepare to hold national elections.

EU, Japan concerned at WTO draft plan

The European Union and Japan share concerns about many points in a draft compromise plan to free up world trade, the European Commission said Thursday after talks with Tokyo's farm minister.

Bush clears way for $500m Iraq export plan
President George W Bush cleared the way on Wednesday for the US Export-Import Bank to start making loans to companies that do business in post-war Iraq.