Volume 5 Number 38 Sat. July 03, 2004    
 
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Business
 
New savings scheme for retired employees
Tk1 lakh investment to see Tk 2,750 return every 3 months
Retired employees of government, semi-government and autonomous bodies will be able to receive Tk 2,750 each every three months by investing Tk1 lakh in a new savings scheme.
 
Indian Budget
Zero excise duty regime for textile on the card
The Indian government is mulling a zero excise duty regime in next week's budget for the country's textile sector to help it go for modernisation and get greater competitive edge in the quota-free international
 
Australia set to discuss free trade pact with Malaysia
Australia and Malaysia are close to launching talks on a free trade agreement in another sign of rapidly thawing relations between the two countries, officials said Friday.
 
Nissan promises major expansion in Thailand
Japanese carmaker Nissan said Friday it will invest more than 10 billion baht (245 million dollars) in Thailand over the next five years in a bid to tap into Asia's booming auto market.
 
India cannot afford to shun economic reform: Analysts
Despite communist influence on the new government, the future of India's economic reforms looks safe in the hands of a progressive cabinet, which will rely on the need for growth to push through investor-friendly
 
S’pore, KL sign agreement to promote joint ventures
Singapore and Malaysia signed an agreement here Friday that will help their business people organise joint investment promotions in third countries in another sign of improving bilateral ties.
 
Desh General Ins declares 15pc Stock dividend
Desh General Insurance Company Limited has declared a 15 percent stock dividend for its shareholders on Wednesday.
 
Safko Spinning Mills declares 5pc dividend
Safko Spinning Mills Ltd has declared a 5 percent dividend for its shareholders for the year 2003.
Picture
New Product
Walton wristwatch
RB Group of Companies has introduced Walton brand wristwatch in Bangladesh market.

The watch is available in two designs with one year warranty for males and females.

 
Enlarged EU shows big tax level disparity
European Union newcomers have significantly lower corporate and income tax rates than the bloc's old members, but they are not guaranteed to see floods of foreign investment as a result, an EU study showed
 
ECB chief economist signals concern over inflation anticipation
The chief economist at the European Central Bank, Otmar Issing, said Friday he was very concerned about rising inflation anticipation in the eurozone.
 
Weekly Currency Roundup
June 26-June 30, 2004

Local FX Market
US dollar eased substantially against Bangladeshi taka in this week. Increased supply of USD helped to improve the liquidity position of the market.

 

 
   
 
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