The Daily Star: Internet Edition Mon. February 28, 2005

Vol. 5 Num 269

Mon. February 28, 2005


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Business

SEC asks foreign cos to offload shares
The Securities and Exchange Commission chairman yesterday urged the foreign companies operating in Bangladesh to offload a portion of their shares to make the stock market more vibrant.

World Bank urged not to impose tough conditions on Bangladesh
Speakers at a seminar here yesterday urged the World Bank not to impose any tough terms and conditions on Bangladesh that are not commensurate with the country's socio-economic potential.

Ecnec okays 10 projects involving Tk 2,192cr
The Executive Committee of the National Economic Council (Ecnec) yesterday approved 10 development projects with an expenditure of about Tk 22 billion (Tk 2,192 crore) in various sectors.

Relaxed visa regime in South Asia needed to boost tourism
South Asia Sub-regional Economic Cooperation meet told
Liberalised visa regime in South Asian countries is needed to promote tourism in the region.

India unveils budget today
Indians waiting to see whether Chidambaram can repeat 'dream budget'
Indians are waiting to see whether Finance Minister Palaniappan Chidambaram can repeat Monday the "dream budget" for which he was famed when he held the same portfolio eight years ago.

Jt venture co to build biodiesel plant
JB Bio Diesel Company Limited, a Japan-Bangladesh joint venture concern, is going to build a biodiesel plant in the country soon.
“Biodiesel is the name of clean burning alternative fuel.

Eight-day BCS Computer Show begins in Ctg
An eight-day BCS Computer Show began here yesterday.
State Minister for Civil Aviation and Tourism Mir Mohammad Nasiruddin inaugurated the show at VIP Tower Auditorium in Kazir Dewri area.

Banglalink, Prime Bank sign deal on bill collection
Cell phone operator Banglalink and Prime Bank Ltd have signed a memorandum of understanding (MoU) on Thursday in Dhaka for automating the bill collection process of the company.

Qatar to sign mega gas deal with Shell
Qatar was due to sign on Sunday an eight billion dollar deal with Royal Dutch/Shell to supply liquefied natural gas to the United States after laying the cornerstone for a mega project to supply LNG to

Chinese coal shortage may hurt world market
China's breakneck economic growth is causing a dangerous shortage of its most important energy source coal, with potential consequences for the entire world, state media warned Sunday.

Opec signals it wants high oil prices
Opec is sending out signals to the global market that the cartel wants oil prices, at near-record highs, to remain there this year.

Wal-Mart Feb sales rise about 4pc
Wal-Mart Stores Inc, the world's largest retailer, said on Saturday that sales at U.S. stores open at least one year rose approximately 4 percent in February.

ECB can recover, grow: Fed's Pianalto
The European Central Bank is providing the region's economy with enough liquidity to ensure a recovery in growth, the Cleveland Federal Reserve President Sandra Pianalto was quoted as saying on Saturday.