Volume 4 Number 159 Sun. November 02, 2003    
 
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Business
 
Funding for SoE, NCB reforms likely next year
Donors' appraisal mission to visit in December
The proposed funds from the World Bank (WB) and other donor agencies for restructuring the nationalised commercial banks (NCBs) and state-owned enterprises (SoEs) are likely to be available early next
 
Weavers seek resumption of 25pc cash incentives
Handloom Products Export Fair 2003 begins
Handloom product manufacturers yesterday demanded of the government to resume 25 per cent cash incentive for the weavers to facilitate export of the products.
 
Dollar strong against taka
The US dollar remained strong against the Bangladesh taka on higher demand from importers yesterday and gained against the euro as evidence of US growth gathers pace, dealers said.
 
Urban Design, IDLC sign deal
Clients of Urban Design and Development Limited (UDDL), a developer, will enjoy home loans facilities from Industrial Development Leasing Company of Bangladesh Limited (IDLC), a financial institution.
 
Repo auction
The reverse Repo auction of Bangladesh Bank for commercial banks and financial institutions was held here yesterday.

Two bids of 2-day tenor amounting to Tk 235 crores were received and accepted.

 
Qatar Airways starts service in Shanghai, Seoul
Qatar Airways began its operation in Shanghai and Seoul on Wednesday.
 
Call money rate low
The inter-bank call money rate was very low yesterday as most banks had surplus funds, fund managers said.

The call money rate touched its low at 3.

 
Bangladesh now member of World Energy Council
Bangladesh has become the 96th member of World Energy Council (WEC), the leading global multi-energy organisation and an affiliated body of United Nations.
 
Euro zone may not meekly follow US recovery path
Euro zone optimists believe their economy will follow a US upturn next year with a respectful lag of a few months, but it may not be that easy.
 
China needs banking reform before floating its currency
IMF aide says
China needs to strengthen its domestic banking system before being in a position to float its currency, an International Monetary Fund (IMF) aide said Friday.
 
Indian cabinet clears proposal for single telecom licence
The Indian cabinet Friday approved a proposal by the Indian telecom regulator for a single licence for all telecom-service providers to end bitter feuding between different operators.
 
US consumers cheerier, jobs may be turning
The mood of American consumers brightened a little in October, after they took a break from spending last month, according to reports on Friday that pointed to growth moderating from the breakneck pace
 
S'pore pursuing trade pact with China
In a bid to enlarge its web of free trade agreements (FTAs), Singapore has asked China if it is interested in a bilateral pact, Trade and Industry Minister George Yeo told The Straits Times yesterday.
 

 
   
 
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