The Daily Star: Internet Edition Mon. June 28, 2004

Vol. 5 Num 33

Mon. June 28, 2004


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Business

Govt to allow gas exploration by local private companies
Factories forced to suspend operation on gas crisis: MCCI
The government has decided to open up gas exploration and transmission for local private investors to ensure uninterrupted gas supply for the industries, State Minister for Energy and Mineral Resources

Reduce tax on banks for lower interest rate, higher dividend
Members of Bangladesh Association of Banks demand
Bank owners yesterday urged the government to cut corporate tax for banks from existing 45 percent to 27-30 percent to enable banks to slash interest rates and declare increased dividend to shareholders.

Int'l conference on global economic order begins today
Economists and experts from across the globe will meet in an international conference on 'Emerging Global Economic Order and Developing Countries' that begins today at Osmani Memorial Hall in Dhaka.

Investors seek consistent, industry-friendly policy
Foreign investors at a post-budget discussion yesterday urged the government to maintain industry-friendly and consistent policies for the country's greater economic development.

Reduce import duty on raw materials
Plastic goods manufacturers urge govt
Plastic goods manufacturers and exporters have urged the government to reduce import duty on raw materials and impose supplementary duty on the import of finished products.

Japan keen to invest in Bangladesh EPZs
Japan has shown keen interest to invest in the export processing zones in Bangladesh.

Multi-level marketing co policy soon: Altaf
The government will formulate a policy for multi-level marketing (MLM) business companies for ensuring customer service in the business, Commerce Minister Altaf Hossain Choudhury said yesterday.

Telecom firm to Launch 'Islamic' mobile phone in Bangladesh
A Dubai-based telecom company is to target Asia, starting with Bangladesh, for its "Islamic" mobile phone featuring prayer time reminders and a memory storing entire texts of the Koran, a report saidSunday.

Meghna Cement declares 25pc cash dividend
Meghna Cement Mills Limited has declared a 25 percent cash dividend for the shareholders for the year 2003.

Beximco declares 7.5pc dividend
Bangladesh Export Import Company (Beximco) Limited has declared a 7.5 percent dividend for the shareholders for the year 2003.

Beximco Infusions declares 15pc dividend
Beximco Infusions Limited has declared a 15 percent dividend for the shareholders for the year 2003.

New MD of Islami Ins
SA Khan recently joined Islami Insurance Bangladesh Limited as managing director.

Prior to joining this position, he was the managing director of Purabi General Insurance Limited, says a press release.

GSP Finance Signs deal with CDBL
GSP Finance Company (Bangladesh) Limited has signed an agreement with Central Depository Bangladesh Limited (CDBL), service provider of the Central Depository System (CDS).

Trading nations hint at historic step on farm with month to go
As the 147 states in the World Trade Organisation edge towards an end of July deadline for the broad outline of a deal on liberalising agricultural trade, even wealthy countries seem to believe that the

Asean likely to invite Australia, NZ to summit for trade talks
The Association of Southeast Asian Nations (Asean) will likely invite Australia and New Zealand to the grouping's summit in November in Laos for free trade talks, an Indonesian official said Sunday.