The Daily Star: Internet Edition Thu. March 03, 2005

Vol. 5 Num 272

Thu. March 03, 2005


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Business

Bangladesh one of top 10 markets for StanChart
Osman Morad tells The Daily Star
Chief Executive Officer of Standard Chartered Bank Osman Morad finds a huge scope for development of banking business in Bangladesh.

Tourism extravaganza kicks off tomorrow
Representatives from 15 countries to take part in Dhaka travel mart
Dhaka travel mart, the country's biggest gathering of travel service-related companies, starts tomorrow at Dhaka Sheraton Hotel.

Asia outbound travel industry to grow strongly in ’05: Survey
The number of international travellers from the Asia Pacific will grow strongly in the first half of 2005 as the region's strong economic growth continues, a MasterCard survey released Wednesday said.

China spends $195b to maintain currency peg
China's central bank spent 1.61 trillion yuan (195 billion dollars) buying foreign currency last year to maintain the yuan's peg with the dollar, a rise of 40 percent over 2003, state press reported Wednesday.

Thailand tightens import amid trade deficit
Prime Minister Thaksin Shinawatra Tuesday ordered an import-monitoring panel to keep a close watch on the Kingdom's deteriorating trade balance following the largest current account deficit in almosteight

UK minister to meet Saifur in Paris
UK Minister for International Development Hilary Benn is expected to meet Finance Minister M Saifur Rahman in Paris on the sidelines of Development Assistance Committee High Level Forum (HLF) meetingof

Tea auction witnesses static market
The international tea auction here witnessed a static market in terms of both price and demand.

Mintoo elected VP of Asia Pacific chamber
President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Abdul Awal Mintoo has been elected vice-president of the Confederation of Asia-Pacific Chambers of Commerce and Industry

Prize giving ceremony of Rahimafrooz Batteries held
The prize distribution ceremony of a promotion in the automotive battery industry -- Lucus-Kolome Kolome Kuala Lumpur -- organised by Rahimafrooz Batteries Ltd was held in Dhaka recently.

Siemens sees mobile phone activities in red at start of ’05
German electronics giant Siemens expects its loss-making mobile phone handset activities to remain in the red in the first three months of this year, which is the second quarter of the company's business

Developing states prepared for battle at WTO talks
Developing nations on Tuesday vowed to push for a fair deal at World Trade Organization (WTO) talks in Kenya this week in a bid to pump life into the Doha trade liberalization process.

Mitsubishi Motors aims to make profit in US next year
Scandal-hit Mitsubishi Motors aims to return to the black in the key US market in 2006, while launching exports from its Illinois plant to Russia, Ukraine and the Middle East, its new president said Wednesday.

S’pore-based budget carriers announce new routes
Singapore-based budget carriers announced new service routes Wednesday as the rivalry for the Asian low-fare market further intensified.