Vol. 5 Num 249 Sat. February 05, 2005       Home  News Today's Index Front Page Business Sports Point-counterpoint Metropolitan National International Culture General Views Editorial Letters to Editor Write to Editor Sections Literature Others About Us Contact Advertisement Supplements Archives Business   Aviation industry fails to take off as open sky policy still on paper Govt keeps new foreign airlines at bay on Biman interest, goes strict on flight frequency Bangladesh's aviation industry remains stagnant as the government puts all forms of red tape in allowing operation of new foreign airlines and maintains a strict policy in giving more flight frequency   Global Ins IPO subscription extended further until Feb 9 The initial public offering (IPO) subscription time of the Global Insurance Ltd (GIL) has been extended for the second time mainly because of consecutive hartals, company onficials said.   BFFEA goes into polls today Voters to elect president from Ctg region The biennial election to 15-member execu|ive body of Bangladesh Frozen Foods Exporters Association will be held at its Chittagong office at Agrabad today.   India expects $15b in FDI in current niscal Foreign Direct Investment (FDI) in India is expected to touch double digit for the first time by the end of current fiscal year.   Economic boom must benefit all Indians, warn economists Leading economists Friday warned that India's dream economic march forwards may not be sustainable unless the benefits of globalisation reach all sectors of its billion-plus population.   ICB Securities opens branch in Barisal Investors to get online trading facilities ICB Securities Trading Company Limited (ISTCL), a subsidiary of Investment Corporation Of Bangladesh (ICB), has recently opened its branch in Barisal with online trading facilities.   Defici|, debt impending Indian growth: IMF The IMF warned Thursday that India's huge fiscal deficits and public debt were impeding the country's rapid economic growth, which it forecast to be around 6.5 percent in the year to March.   Africa, global growth to top G7 meet agenda Poverty in Africa, global economic growth and revaluation of China's currency were the issues expected to dominate a two-day meeting of top G7 finance ministers beginning here on Friday.   Growing India heads to G7 An invitation to India to attend this week's meeting of the Group of Seven rich nations underlines the growing influence of an economy that has become too big and potentially too influential to ignore.   US seeks tough steps on trade deficit with China The US trade deficit with China is ballooning at a "clearly unsustainable" level, a senior US Commerce Department official said Thursday as a Congress-mandated commission sought tough steps to contain   ROK market to be firm on hopes of recovery South Korean shares are expected to trade firmer next week thanks to better internal and external conditions with sentiment boosted by hopes of an economic recovery, dealers said Friday.   Khulna Newsprint to be privatised soon Closed Khulna Newsprint Mill is likely to be privatised soon. The recent visit by a US team to the mill makes it more obvious.   Oil prices edge higher Oil prices edged higher on Friday, ending a three-day losing streak, as dealers weighed Opec's threat to cut production against healthy supplies of crude and gasoline in the United States, the world's   Asia Pacific is engine of growth for DHL: CEO The Asia-Pacific has emerged as the engine of growth for German express and logistics giant DHL, led by fast growing China and India, a senior company executive said Friday.   JAL to buy 30 Boeing 737s Japan Airlines Corp. (JAL), Asia's biggest airline, said on Friday it would buy 30 737 small passenger jets from Boeing Co., with an option to buy an additional 10.   Vietnam suspends duck, quail breeding to fight bird flu spread Vietnam said Friday it had suspended the breeding of ducks and quails to combat the deadly bird flu outbreak which has spread to 33 of the country's 64 cities and provinces.   Nissan to re-enter Pakistan market Japan's second biggest automaker Nissan said Friday it will return to the market in Pakistan after five years, saying the country had a fast-expanding appetite for cars.   European airlines find profits after six-year flight: AEA Leading European airlines overall turned in a profit last year for the first time since 1998, the Association of European Airlines estimated on Friday.   Asian forex reserves total around $2.44t Asian foreign exchange reserves total around $2.44 trillion and the indications are that they did not change much in January compared with the end of 2004.   Weekly Currency Roundup Jan 29-Feb 03, 2005Local FX Market Local FX market was volatile throughout the week despite hartal. US dollar remained strong against Bangladeshi taka throughout the week.     Advertisement