Vol. 5 Num 295 Sat. March 26, 2005    
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Thailand Exhibition 2005
Morshed urges Thailand to narrow down trade gap
The three-day show of Thai products styled "Thailand Exhibition 2005" began in the port city yesterday with a call for enhancing bilateral trade between Bangladesh and Thailand.
Buffalo horn products losing export prospect on smuggling
Despite huge demand for buffalo horn made buttons in South Korea, Bangladesh cannot avail the export opportunity fully due to rampant smuggling of raw buffalo horns.
China shows keen interest in inking FTA with India
China has expressed its keenness to sign a free trade agreement (FTA) with India to help further boost bilateral trade now estimated at $14 billion.
Malaysia needs to cut budget deficit to earn credit upgrade
Malaysia must cut its budget deficit further and work harder to spur the private sector before it can earn another sovereign credit upgrade, credit rating agency Standard & Poor's said Friday.
New Sony president sees profit target as too high
Sony's new president thinks it will be difficult for the Japanese electronics giant to hit its target of a 10 percent operating profit margin, a newspaper report said on Friday.
Air France plans to buy Boeing 777s
Air France said Friday it plans to replace part of its aging fleet of cargo planes with Boeing's new 777 freighter version.
Standard Bank announces 20pc stock dividend
Standard Bank Limited has announced a 20 percent stock dividend for its shareholders for the year 2004.
The dividend was declared at a board meeting of the bank held in Dhaka on Wednesday.

Aristopharma gets ISO certification
Local pharmaceutical company Aristopharma Ltd has got ISO 9001:2000 Certification for Quality Management System.
Prime Bank signs deal on remittance with Saudi bank
Prime Bank recently signed an agreement with Arab National Bank (ANB) of Saudi Arabia.
Holcim to acquire India’s Ambuja Cement
The Cabinet Committee on Economic Affairs (CCEA) of India yesterday gave its nod to Holcim Cements to acquire cent per cent equity in Ambuja cement India that would fetch foreign investment up to $1.
Robust US, China outlook to help Japan growth : OECD
OECD Secretary General Donald Johnston on Friday said the Japanese economy should benefit from expected robust growth in the United States and China, Japan's key export markets.
IMF examines EU deal to relax budget rules
The International Monetary Fund said Thursday it was looking into a deal clinched by European Union leaders to relax the bloc's enfeebled fiscal rules.
ROK to sign FTA with Singapore
South Korea will sign a free trade pact with Singapore next month that will cut tariffs on growing trade between the rival Asian manufacturers of high-end electronics, the finance ministry said Friday.
Jalalabad Telecom, AKTEL sign deal
Cell phone operator AKTEL and Jalalabad Telecom Ltd (JTL) have signed an interconnectivity agreement on Thursday in Dhaka.
Under the deal, AKTEL and JTL will now have access to each other's network.

British PM hits back over EU service reform
British Prime Minister Tony Blair predicted Thursday that the essence of a disputed bill to open up Europe's services sector would be approved, despite staunch opposition from French President Jacques
Emirates to launch Dubai-Seoul service May 1
Emirates is going to launch its new daily non-stop Dubai-Seoul flights from May1.
Euro hovers under $1.30
The euro remained under 1.30 dollars in thin trading on Friday when many forex traders were on holiday, and European stock markets closed, for the long Easter weekend break.
Toshiba, its subsidiary must pay $84m in suit
Electronics maker Toshiba Corp. and a subsidiary were ordered to pay Lexar Media Inc.
Weekly Currency Roundup
Mar 19-Mar 24, 2005
Local FX Market
US dollar was mostly steady against Bangladeshi taka in the week.


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