Vol. 5 Num 926 Sat. January 06, 2007    
 
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Business
 
Stockpiles Of Goods For Longer Period
Ctg port seeks change in rules to cut container congestion
The Chittagong Port Authority (CPA) has requested the shipping ministry to bring a change in existing rules so that traders cannot keep their imported goods on port premises for a longer period.
 
Sonamasjid land port paralysed for 10 days
Activities at Sonamasjid land port have remained halted for 10 days following a row between traders and port management.
 
China hikes bank reserve ratio to cool economy
China's central bank on Friday ordered major commercial banks to set aside more money in reserves in a renewed effort to slow its red hot economy, the first such cooling measure of 2007.
 
China's trade surplus with Indiaset to cross $4b this year
China's trade surplus with India is set to cross the USD four billion this year, enabling the Communist trading giant to enjoy a favourable trade balance for the first time in Indo-Sino bilateral trade.
 
Vietnam okays joint offshore oil exploration with China
Vietnam's prime minister has given the go-ahead for joint oil exploration between Chinese and Vietnamese state oil companies in the Gulf of Tonkin, state media reported Friday.
 
India's Videocon makes new offer to buy Daewoo
India's biggest electronics firm Videocon Industries Ltd has made a fresh offer to buy South Korean giant Daewoo Electronics after differences arose over pricing, a news report said Friday.
 
Lanka raises petrol prices by 5pc
Sri Lanka said Friday it was raising petrol prices by five percent following sharp gains in world crude early last year which have since subsided. Petrol at the pump will now cost 97.
 
Nepal's trade deficitcontinues to widen
Nepal's trade deficit continues to widen during the first four months of the current fiscal year, local newspaper The Himalayan Times reported Friday.
 
India's Videsh to drill gas, oil in Sri Lanka
India's state-owned Oil and Gas Corporation Videsh Ltd. has announced that it will explore for oil and gas in Sri Lanka's Mannar basin very soon.
 
Thai tourism hit by New Year's eve blasts
Up to 15 percent of the four million tourists expected to visit Thailand in the first three months of the year may cancel their trips after deadly bombings in Bangkok, a leading think-tank said Friday.
 
US auto industry braces tough '07
The US auto industry heads into its annual party facing intensifying pressure from Asian rivals and an economic slowdown that threatens to worsen its financial woes. General Motors Corp.
 
ROK to stop discrimination against aged job-seekers
South Korea--faced with a rapidly ageing population--plans a law that will ban companies from discriminating against elderly job-seekers, the labour minister said Friday.
 
Six Japanese bourses may merge by '09
The Tokyo Stock Exchange Inc (TSE) and five other stock markets in Japan are considering to merge and reorganise by 2009, the Yomiuri Shimbun newspaper reported Friday.
 
Weekly Currency Roundup
January 03-January 4, 2007

Local FX Market
Demand for US dollar was stable in throughout the week and USD rose slightly against Bangladeshi taka.

 

 
   
 
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