Vol. 5 Num 246 Wed. February 02, 2005    
 
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Business
 
SEC advisory body makes suggestions to spur stocks
Recommends relaxation of margin rule, financial adjustment of A category securities, cut in trade settlement time
The consultative committee of the Securities and Exchange Commission (SEC) in its meeting yesterday made a set of recommendations, such as relaxation of margin rule for brokers, financial adjustment of
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US keen to help grow Bangladesh telecoms
US co-ordinator for int’l communications tells
US is interested to enhance its co-operation with Bangladesh for the development of the country's telecoms sector, said visiting US Ambassador David A Gross.
 
Taka slips to record low against dollar
Taka slipped to a record low against US dollar yesterday, thanks to robust demand for the greenback for payment against import bills and corporate needs, dealers said.
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Chef contest to promote local cuisine kicks off
The country's first-ever chef competition to promote Bangladeshi cuisine kicked off in Dhaka yesterday.
 
ADB disburses 94pc projected loans for Bangladesh in 2004
Asian Development Bank (ADB) disbursed 94 percent of its total loans projected for Bangladesh in 2004, according to a report released by the bank yesterday.
 
CNG-run vehicles to up fuel efficiency
Speakers say at seminar
Speakers at a seminar here yesterday called for converting oil-run vehicles into CNG-run ones for fuel efficiency.
 
AKTEL to get SMS content services from Dhaka MicroSystems
AKTEL customers will now enjoy variety of content services such as news, emergency numbers, weather updates, jokes, quotes, ringtones, logos and picture messages through SMS provided by Dhaka MicroSystems
 
WEAB team leaves Dhaka to attend Expo Pakistan
Nasreen Awal Mintoo, president of Women Entrepreneurs Association of Bangladesh (WEAB) and chairman of Saarc Chamber Women Entrepreneurs Council (SCWEC), along with a delegation of SCWEC members leftfor
 
MetLife to buy Travelers for $11.5b
MetLife Inc on Monday agreed to acquire Travelers Life & Annuity from Citigroup Inc for $11.
 
New ADB president vows to fight poverty in Asia
The new president of the Asian Development Bank, Haruhiko Kuroda, vowed to fight poverty Tuesday and called on the ADB to reinvigorate itself to meet the challenges in the world's most dynamic region.
 
Plot fair of Metro Makers starts in Dhaka
An 18-day housing plot fair of a real estate company, Metro Makers and Developers Ltd, began in Dhaka yesterday Managing Director of the company AFM Jahangir inaugurated the plot fair of its Modhumoti
 
Oil prices easier, stay above $48 in Asian trade
Crude oil prices eased in Asian trade Tuesday but stayed above the 48-dollar mark on expectations of strong demand in the longer term, dealers said.
 
Samsung, LG among top brands in Asia
Samsung and LG have been selected as the most influential brands in Asia-Pacific after Japan's Sony, an authoritative US magazine reported Monday.
 
China strikes oil deal with owner of Yukos asset
China has secured a long-term oil supply contract with Russia which will provide six billion dollars for Rosneft, the buyer of the main production unit of stricken oil giant Yukos, a top Russian energy
 
Australia's greatest interests lie in Asia, Howard says
Australia's most important economic and strategic interests lie in Asia, Prime Minister John Howard said Tuesday as he outlined a "shared future" between his nation and the region.
 
Gold demand in India remains bullish
Demand for gold in India, the world's largest importer, is expected to remain bullish because of strong buying during the last leg of the wedding season and softer global prices, traders said Monday.
 
Tata Motors Quarterly profit up
India's top vehicle maker, Tata Motors Ltd, met market expectations with a 50 percent rise in quarterly profit Monday as strong truck and car sales offset higher raw materials costs.
 

 
   
 
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