Volume 4 Number 36 Tue. July 01, 2003       Advertise with The Daily Star -- Advertising on the Website    Advertising in the Printed E dition-- Home  News Today's Index Front Page Business Political Sports Foreign Relations Metropolitan National International Culture General Views Editorial Letters to Editor Write to Editor Sections Others About Us Contact Advertisement Suppliments Archives Business   Govt drops 3 EPZ development plan on poor investor response The government has decided to suspend all future infrastructure development in three export processing zones (EPZs) at Ishwardi, Mongla and Nilphamari. BoP support hinges on reforms, says Temple Future balance of payment (BoP) support will continue for Bangladesh provided the reform programmes are implemented, said outgoing World Bank Country Director Frederick T Temple yesterday.   Ex-BCCI staff get $50m over settlement claim Over 600 employees of the collapsed British Bank of Credit & Commerce International (BCCI) recently received about $50 million to settle their claims for suffering the stigma of having worked for a corrupt   Annan for more flexibility in global trade talks UN chief Kofi Annan on Monday called for countries to show greater flexibility in global trade talks to overcome difficulties two months ahead of a key WTO meeting.   Truce, tourism boost Sri Lanka economy Sri Lanka's economy grew by a strong 5.5 per cent in the first quarter thanks to higher tourism earnings fuelled by a truce between troops and Tamil Tiger rebels, Finance Minister K. N. Choksy said Monday.   Free trade deal with HK to drive Chinese recovery China Sunday signed with Hong Kong its first free trade pact since joining the WTO, which the territory hopes will attract overseas investors and drive an economic recovery.   Schroeder banks on tax cut plan to spur economy Chancellor Gerhard Schroeder announced Sunday that he would bring forward a multi-billion-euro package of tax cuts by one year in order to stimulate Germany's sickly economy, despite the risk of running   BIS asks Europe, Asia to cut reliance on US for growth Europe and Asia must equip themselves to drive their own growth without relying on the United States, the Bank for International Settlements (BIS) warned on Monday.     Advertisement