Vol. 4 Num 217 Sat. January 03, 2004    
 
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Agriculture gets little support as govt agencies falter
Poor capacity utilisation irks minister
Agriculture alone contributes 25 per cent to the country's GDP, but gets little support from the government in terms of marketing and storage and timely supply of inputs, including quality seeds and fertilisers.
Picture
People flock to Dhaka int'l trade fair braving cold snap
People flocked to Dhaka Inter-national Trade Fair 2004 yesterday braving the cold snap although stalls are yet to be fully decorated.
 
Password
Bluff of the year: BTTB and VoIP legalisation
The BNP-led alliance government maintained its unclear profile in the telecom sector throughout 2003. The government remained non-performing in this vibrant industry since assuming power in October 2001.
 
Storage deficit stymies processed food exports
Pran provides a few bright spots in the grim scenario
Bangladesh has excellent potential for exporting processed fruits and vegetables but the agro-based food processing sector is still in its infancy due to lack of storage and transport facilities.
 
Sonali Bank cuts interest rates
Sonali Bank has reduced its interest rates on loans and advances to accelerate commerce and industrial activities.

The new rates took effect from January 1, says a press release.

 
New chairman, vice-chairman of BJMA
Mirza Ali Behrouze Ispahani, vice-chairman of Ispahani Group of Jute Mills, and Kamran T Rahman, deputy managing director of Pubali Jute Mills Ltd, have been elected chairman and vice-chairman of theBangladesh
 
Premier Bank's pre-audit operating profit stands at Tk 400.90m
Premier Bank Limited made a Tk 400.90 million pre-audit operating profit in 2003.

This was told at the annual managers' conference of the bank held in Dhaka on Thursday, says a press release.

 
India's South Asia currency dream seen unrealistic
In a couple of decades, South Asia's biggest economy, India, hopes to share a currency with Pakistan, its adversary of the past five decades, and tiny neighbours such as the Maldives and Bhutan.
 
South Asian CEOs set to form regional grouping
South Asian corporate chiefs plan to launch a forum to push for free trade and investment in the region ahead of a seven-nation summit in Islamabad, an Indian trade leader said Friday.
 
China confiscates 186 tons of US beef
China has confiscated 186 tons of US beef products in Beijing during a meat market inspection amid fears the meat could be contaminated with mad cow disease, state media reported Friday.
 
Gold edges higher at start of new year
The gold price edged higher in Europe at the start of the new year on Friday, with selling on the morning fix paring gains.

Gold was trading at $415.75/$416.25 at 6:07 a.m. EST, having fixed at $415.

 
Yearly Forex Roundup 2003
International FX Market

US dollar

US stepped into the year 2003 with a chilly start, intensified by the September 11 terrorist attacks on the World Trade Center.

 

 
 
   
 
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