The Daily Star: Internet Edition Sun. October 17, 2004

Vol. 5 Num 145

Sun. October 17, 2004


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Business

Gold glides to all time high
Reaches Tk 10,000 a bhori
Gold price yesterday hit all time high at Tk 10,000 a bhori (11.66 grams) in the local market, showing an increase trend of Tk 1,000 each year.

Handicraft losing markets on absence of trendy design
PMO directive to allocate land for fashion institute remains unheeded
Absence of a design institute fails handicraft manufacturers to cope with the latest trends forcing them to lose markets.

Tata team arrives today for pre-feasibility study
Investment in other sectors expected
A three-member Tata technical team arrives in Dhaka today to start a pre-feasibility study on the group's $2 billion investment plans in Bangladesh's steel, power and fertiliser sectors.

Bangladeshi products lure Nepalese consumers
Single country fair nets orders worth $3 lakh
Participants at a Bangladesh single country fair in Nepal have received US$ 3.04 lakh spot orders, disclosed Export Promotion Bureau (EPB).

Manpower export to Malaysia unlikely to resume in Nov
Manpower export to Malaysia is unlikely to resume in the next month, although a Bangladesh delegation was assured of re-starting the recruitment.

‘Delhi can become Dhaka’s largest export market’
The visiting trade and investment delegation of Maharastra Chamber of Commerce and Industries and Agriculture (MCCIA) yesterday met leaders of the Bangladesh Chamber of Industries (BCI) and discussedissues

Gulf states ready to employ a million Nepalese
Gulf nations have told Nepal they would like to step up recruitment of Nepalese workers, taking in an extra one million of them, a government minister said.

EU traders call for bite in China's law
The European Chamber of Commerce is pushing the Chinese government to mete out harsher punishments to counterfeiters.

PM urges ROK to recruit more Bangladeshis
Prime Minister Khaleda Zia yesterday urged South Korea to recruit more Bangladeshi workers and increase imports from Bangladesh.

BASIC Bank opens branch at Dhanmondi
BASIC Bank has opened its 27th branch at Sat Masjid Road, Dhanmondi in Dhaka.

Industries Secretary and BASIC Bank Chairman Ayub Quadri inaugurated the branch on Tuesday, says a press release.

Exim Bank shares make dream debut
The transaction of shares of Export Import Bank of Bangladesh Ltd (EXIM) started at Dhaka and Chittagong bourses yesterday, creating an enormous demand among investors and raising price of each script

Lanka to impose tax on rubber imports, exports
Sri Lanka will impose a tax on all raw rubber exports and rubber good imports from November to fund a 10-year expansion drive for an industry that has dwindled in recent years, a top Plantation Industries

New vice chairmen of Shahjalal Islami Bank
Akkasuddin Mollah and Md Towhidur Rahman have been elected vice-chairmen of Shahjalal Islami Bank Limited.

The election was held at the bank's board meeting recently in Dhaka, says a press release.

New York crude bolts to record $55 a barrel
New York's main crude oil price bolted to a record 55 dollars a barrel Friday as traders fretted about stretched supplies, hot demand and thin stocks of winter heating fuel.

ROK to launch free trade talks with European group in 2005
South Korea and a bloc of four European countries have reached a tentative agreement to launch talks early next year on a bilateral free trade agreement, the foreign ministry here said Saturday.