Vol. 5 Num 418 Sat. July 30, 2005    
 
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Business
 
Tourist arrivals up 11pc in 2004
Parjatan Corporation faces fund crisis
Bangladesh achieved an 11 percent growth in welcoming foreign visitors last year.
 
Traidcraft extends fair trade network to Dhaka
Plans to buy interior accessories, giftware
Traidcraft plc, a global company fighting poverty through trade, has extended its network to Bangladesh.
 
Password
What's the telecoms regulator really doing?
Sudhir Mitra is one of the frustrated customers of Teletalk.
 
Fast food business falls amid crackdown
Business of fast food outlets has slumped in Dhaka following the ongoing crackdown on food item makers and shops by mobile courts.
 
WTO meet does little to boost struggling trade talks
A meeting of the 148-nation World Trade Organisation drew to a close Friday with little done to energise struggling talks on a treaty to reduce global trade barriers.
 
Asian currencies to rise by mid 2006
Asian currencies will rise against the dollar in the next 12 months, underpinned by strong growth and speculation China's yuan will rise further after last week's revaluation, a Reuters quarterly poll
 
WB Group body to give $78m in insurance to Banglalink
With Egyptian Orascom investing US$300 million in Bangladesh, a member of the World Bank Group will give $78 million in insurance to its Banglalink operation in Bangladesh.
 
8 Khulna region jute mills to resume production
Eight state-owned jute mills in Khulna-Jessore industrial zone, which were closed seven months ago due to fund crisis, are expected to resume production by August 15 this year.
 
BMW 7 series car launched in Bangladesh
Executive Motors Limited, the sole distributor of BMW vehicles in Bangladesh, has launched BMW 7 series car in local market.
 
BAT first-half earnings rise 23pc
British American Tobacco, the world's second-biggest cigarette maker, posted a 23 percent rise in first-half earnings Thursday and said profit growth in four out of five regions pointed to a highly satisfactory
 
Green Delta Ins to introduce Takaful (Islamic) insurance
Green Delta Insurance Company Ltd has decided to introduce Takaful (Islamic) insurance facility for its clients.
 
DBBL increases contribution to its Foundation
Dutch-Bangla Bank Limited has recently increased its contribution to Dutch-Bangla Bank Foundation (DBBF) from 5 percent to 10 percent.
DBBL Board of Directors at a meeting decided this.

 
Weekly Currency Roundup
July 23-July 28, 2005
Local FX Market
Demand for US dollar remained high in the market.
Money Market
In the Treasury bill auction held on Sunday, bid for BDT 9,332.

 

 
   
 
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