Volume 4 Number 160 Mon. November 03, 2003    
 
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Business
 
Private sector to take over power distribution gradually
State minister tells DCCI discussion
State Minister for Power Iqbal Hassan Mahmood yesterday said the government will gradually hand over entire power distribution system to private sector to bring down systems loss.
 
SEC to protect interest of small investors
New chairman tells The Daily Star
Putting emphasis on protecting interests of small investors the newly appointed Chairman of Securities and Exchange Commission (SEC), Mirza Azizul Islam, said such investors need to be encouraged to revitalise
 
Exports from EPZs fetch $1.2b in FY03
Exports from the country's Export Processing Zones (EPZs) fetched 1.20 billion US dollars during the 2002-2003 fiscal year.
 
Fixed phones in private sector shortly
BTRC chairman says
To meet the growing demand of fixed phones Bangladesh Telecommunication Regulatory Commission (BTRC) will grant licence to private sector companies shortly, BTRC chairman Syed Marghub Murshed said yesterday.
 
Shambhuganj Jute Mill goes to private hands
Shambhuganj Jute Mill, which was laid off 10 years ago, has been transferred to private ownership under the government's ongoing denationalisation programme.
 
Dollar strong against taka
The US dollar remained strong against the Bangladesh taka yesterday in dull inter-bank trading as the demand for the US unit was strong from importers and traders, dealers said.
 
Call money rate steady
The call money rate was steady in inter-bank money market yesterday amid low money demand from private sector, fund managers said.

The rate touched to its intra-high high at 5.

 
Bank Asia, BIFC sign Tk 50m lease financing loan agreement
Bank Asia Limited and Bangladesh Industrial Finance Company Limited (BIFC) signed a Tk 50 million lease financing loan agreement.
 
Europe, Asia roll out red carpet for Indian firms
Hit by a wave of IT outsourcing, European and Asian trade missions vied with one another at a technology fair here Sunday to lure Indian firms to open offices in their countries to arrest the flight of
 
Singapore PM warns of trade struggle
Asia should create a free trade zone but must also reach out to other regions to avoid an Orwellian struggle for global economic supremacy, Singapore's Prime Minister Goh Chok Tong said on Sunday.
 
Europe hopes to hang on coat-tails of US growth
Europe could benefit from confidence spread by spectacular recovery of the US economy, but the eurozone is being held back by the strength of the euro and limits on state spending, economists say.
 

 
   
 
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