Vol. 5 Num 56 Wed. July 21, 2004    
 
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PCBs ride on savings certificates rate cut
Post 26pc growth in deposit, profit in 2003-04
The gradual trimming of interest rates on savings instruments have generated renewed interest among investors to switch to private commercial banks (PCBs) that resulted in a deposit growth of 26 percent
 
Prices of goods still high in Rajshahi despite duty slash
Prices of essentials and other items remained unchanged despite duty cut on these products in the budget in the northwestern divisional town.
 
Govt to provide all supports for healthy growth of RMG
Commerce Minister Altaf Hossain Chowdhury said here Tuesday that the present government was pledge-bound to provide all out support for the healthy growth of country's readymade garments (RMG) industry
 
Infosys moves to Shanghai, to develop China as hub
While around 75 percent of the world market for global off shoring of IT services are currently with India, experts anticipate this share will drop to between 50 and 60 percent over the next few years.
 
China unlikely to adopt new measures to cool economy
China is unlikely to introduce fresh measures to cool its economy anytime soon, state media reported yesterday after fresh statistics showed the economy growing at a slower pace in the second quarter.
 
Sonali Bank adds Tk 75cr to farm credit scheme
Sonali Bank has allocated an additional amount of Tk 75 crore to expand its Tk 625 crore agricultural credit programme for this fiscal.
 
Islami Bank opens branch at Bogra
Islami Bank Bangladesh Limited (IBBL) has opened a new branch at Dhupchanchia in Bogra.

With this the total number of branches of the bank stands at 143.

 
City Bank now corporate client of CityCell
The City Bank Limited has become a corporate client of CityCell.

An agreement to this effect was signed between the two organisations in Dhaka on Sunday, says a press release.

 
Midas to extend loan to Al-Hassan Products buyers
Midas Financing Limited (MFL) will extend credit facilities to customers of Aqua Air brand air-conditioner and other electronic goods marketed by Al-Hassan International Ltd.
 
Transcom Beverages bids farewell to outgoing country manager of Pepsi
Transcom Beverages Limited on Monday bade farewell to Anish Roy, the outgoing country manager of Pepsi Cola International.
 
Five trade giants give cautious approval to WTO text
Five major trading giants from North and South have agreed that a draft deal to rescue global trade talks is going in the right direction, EU Agriculture Commissioner Franz Fischler said Monday.
 
Strike shuts South Korea's LG-Caltex Refinery
LG-Caltex Oil Corp.
 
GE aims to take stake in Snecma
US conglomerate General Electric is hoping to take a stake in French aircraft engine maker Snecma at the end of the year or in the beginning of 2005, a GE executive said Monday at the Farnborough AirShow
 
ABB India's net profit soars 39pc
The Indian arm of Swiss-Swedish engineering giant ABB said Tuesday its second quarter net profit rose 39 percent on year due to strong growth in its power business.
 
Malaysia sees over 5.5 growth for 2004-05
Malaysia's economy is expected to meet the official growth forecast of 6.0-6.5 percent this year and expand at more than 5.5 percent next year, the government said Tuesday.
 
Sony confirms EU approval of merger with Bertelsmann
Sony confirmed Tuesday that the European Commission has unconditionally approved its planned merger with the music arm of Germany's Bertelsmann, saying the tie-up will create the world's second largest
 
Novartis net profit rises 19pc
The Swiss pharmaceutical group Novartis on Tuesday reported a 19 percent rise in first-half net profit to 2.84 billion dollars (2.
 
Certified HR management professional from IPM, BD
KM Alamgir Kabir has become certified human resource management professional from Institute of Personnel Management, Bangladesh (IPM).
 

 
   
 
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