The Daily Star: Internet Edition Wed. December 31, 2003

Volume 4 Number 214

Wed. December 31, 2003

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Business

Allegation of RMG export in name of Bangladesh
Investigation starts to catch wrongdoers
A joint committee yesterday started investigation to identify the companies that allegedly supplied documents to export ready made garments from third countries in the name of Bangladesh.

Political will needed to remove trade barriers
Indian minister of state for commerce tells DCCI dialogue
The visiting Indian minister of state for commerce and industry has underscored the need for political will to eliminate trade barriers with Bangladesh.

Workshop for welfare funds for low-paid factory workers
A prominent banker yesterday advised NGOs upholding workers' right to look for alternatives to traditional banks for generating small savings and welfare funds for low-paid factory workers, particularly

Capital market in 2003
Market sees maturity in regulators' actions, investors' decisions
The capital market showed signs of resilience and maturity in 2003 overcoming many ups and downs.

Striking steel mill owners resent Saifur's remark
Striking owners of steel mills resented the remark of Finance Minister Saifur Rahman as he recently identified the steel and re-rolling industry as a major tax-dodger.

Repo auction
The Reverse Repo auction of Bangladesh Bank for commercial banks and financial institutions was held here yesterday.

One bid of 2-day tenor amounting to Tk 100 crore was received and that was accepted.

Janata Bank cuts interest rates again
Janata Bank has again cut the rates of interest on loans and advances.

The interest rates have been cut to accelerate trade and commerce in the country, says a press release.

GP awards individual sales agents
GrameenPhone Ltd has awarded all of its individual sales agents of Dhaka zone with Easy Gold Pre-Paid connection with handsets.

The awards were given in recognition of their excellent performance.

US-S'pore FTA comes into effect from January 1
A free-trade agreement between Singapore and the United States, Washington's first with an Asian country, will come into force on Thursday, the Singapore trade ministry said.

India's South Asian currency plan to take years to achieve
India's proposed single South Asian currency would foster trade and economic growth but it could be a long time before the region of 1.4 billion people gets its version of the euro, experts say.